Rodrigo Campos, Reuters
Wall Street rises with oil prices, Fed eyed
(Reuters) – U.S. stocks rose modestly in choppy, low volume-trading on Tuesday, with concerns about Europe offsetting a jump in crude prices.
The market earlier rose as much as 1 percent as crude oil prices spiked above $100 a barrel. But equities trimmed gains after sources said German Chancellor Angela Merkel has rejected any suggestion of raising the limit of Europe's future bailout fund, pushing the euro lower.
Declines in consumer shares also cut into the early advance, as Best Buy (BBY.N) tumbled more than 11 percent after posting results.
"The volume is not qualifying or quantifying any sustained move. Once again, it's just trading within a range," said Ken Polcari, managing director at ICAP Equities in New York.
"People are just trying to take some money off the table," he said. "The market was up 120 points right out of the gate because there is no participation, so it moves quicker."
Yesterday's Top Performing Small Cap Stock:
Beacon Enterprise Solutions Group Inc. BEAC
Beacon Enterprise Solutions Group Inc. was a SmallCapVoice top performer closing up over 33% on trading volume of 308,220 shares.
Beacon Enterprise Solutions Reports Fiscal 2011 Financial Results
Net Sales Increase 35% for The Year
Operating Expenses Decline 12% for The Year
Positive Income from Operations and EBITDA from Core Business Units in Q4
Conference Call To Be Held Tomorrow at 10:00 A.M. Eastern Time
LOUISVILLE, Ky., Dec. 12, 2011 /PRNewswire/ – Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com), an emerging global leader in the design, implementation and management of high performance Information Technology Systems (ITS), reports fiscal year end and fourth quarter financial results for the period ended September 30, 2011, which are discussed below:
Today's SmallCapVoice.com Hot Stock to Watch:
Marley Coffee JAMN
Marley Coffee is a US-based company providing premium-roasted coffee to the Grocery, Retail, Online, Service/Hospitality, Office Coffee Service, and Big Box Store industries. Under its exclusive licensing agreement with 56 Hope Road (Bob Marley Museum), the Company continues to develop its coffee lines under the Marley Coffee brand. Marley Coffee is a fully reporting company quoted on the OTCBB under the symbol JAMN.
Marley Coffee's gourmet product line is positioned for the significant trend and growing consumer awareness towards organic, fairly traded premium, and super premium specialty coffees.
Other Small Cap News
Strategic American Oil Corporation SGCA
Strategic American Oil Corporation Completes New Zone in Welder Ranch Well
First Well Successful in Recompletion/Rework Program
HOUSTON, Dec. 13, 2011 (GLOBE NEWSWIRE) — Strategic American Oil Corporation SGCA announced today that it has successfully recompleted a "behind pipe" zone in its Welder #5 well located on the Welder Ranch in Calhoun County South Texas.
Prior to the recompletion, the Welder #5 was marginally profitable. After the recompletion, the well is now flowing more than 310 Mcf of gas and 2 barrels of condensate per day without the aid of artificial lift. This well alone now contributes an estimated $22,000 in additional net monthly income to the company at current commodity prices. The Company has a backlog of more than 15 existing wells for recompletion or rework that are expected to substantially increase production, cash flow, and income.
TheraBiogen, Inc. TRAB
Thera Max™ Cold and Flu Debuts in Times Square During the Height of the 2011 / 2012 Holiday Season
NEW YORK, Dec. 13, 2011 /PRNewswire/ — TheraBiogen, Inc. (OTC BB: TRAB), a manufacturer and distributor of homeopathic nasal sprays for aiding in the relief of allergies, cold and flu symptoms and migraine headaches, announced today that the Company's Thera Max™ Cold and Flu product will be prominently displayed on a billboard ad in Times Square at 42nd Street between 7th and 8th Avenues as part of the Company's ongoing product marketing program.
The Thera Max™ ad will run from December 15, 2011 through January 15, 2012 and will be seen by millions of people traveling through Times Square this holiday season.
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