Ryan Vlastelica, Reuters
Stocks gain on EU deal and data but outlooks drag
(Reuters) – Stocks climbed on Friday after European Union leaders agreed on measures that partially address the region's crippling sovereign debt crisis, while U.S. consumer confidence rose more than expected in December.
The summit agreed on stricter budget rules for the euro zone, but failed to secure changes to the EU treaty among all the member countries. Investors appeared to embrace the deal, with the FTSEurofirst 300 index of top European shares .FTEU3 gaining 0.6 percent.
“Some were hoping for a bigger deal, but we're seeing a lot more meat behind the effort with these measures,” said Dennis Wassung, portfolio manager at Cabot Money Management in Salem, Massachusetts.
“We should expect more volatility around this issue going forward, but this is a good step in the right direction.”
U.S. consumer sentiment rose more than expected to its highest level in six months in early December due to signs of better labor conditions and an improving outlook on the economy, according to the Thomson Reuters/University of Michigan's preliminary reading on their overall index of consumer confidence.
Yesterday's Top Performing Small Cap Stock:
GreenCell Incorporated GCLL
GreenCell Incorporated was a SmallCapVoice top performer closing up over 3% on trading volume of 36,045 shares.
GreenCell is engaged in a joint venture with SenCer Inc. to develop, commercialize and market SenCer's UltraTemp™ ceramic composite materials for Home and Transportation applications. GreenCell has identified multiple industries with significant commercial applications with potential revolutionary results. Some of the many applications for this technology are SOFC Fuel Cells, Igniters, Braking, Oxygen Sensors, Ceramic Heaters.
Today's SmallCapVoice.com Hot Stock to Watch:
Marley Coffee JAMN
Marley Coffee Introduces Custom-Branded MyCafe Pod Brewer in Partnership with BUNN
Special Holiday Gift Bundle Features Marley Coffee MyCafe Pod Brewer and 12 Marley Coffee Single-Serve Pods
LOS ANGELES, Dec. 9, 2011 /PRNewswire/ – Marley Coffee JAMN has brewed up something special for the holiday season! Today, the company released its first custom-branded coffee maker: the Marley Coffee MyCafe Pod Brewer. Produced in partnership with BUNN®, the Marley Coffee MyCafe Pod Brewer brings you the quality coffee experience you expect from BUNN, the leader in pod brewing technology for the home, plus the added benefits of using environmentally friendly, delicious Marley Coffee and Tea pods. The machines are available now for last minute holiday shopping on www.MarleyCoffee.com and will be offered by other online retailers shortly.
SmallCapVoice Clients' News
Stronghold Metals Inc. SDMTF (TSX-V: Z)
Murphy Analytics Announces Initiation of Coverage on Stronghold Metals Inc.
ST. LOUIS, Dec. 8, 2011 (GLOBE NEWSWIRE) – Murphy Analytics (MA) has initiated coverage on Stronghold Metals Inc. SDMTF (TSX-V:Z) E. The Initiation Report contains a detailed discussion of Stronghold's current and planned business operations, particularly at the Company's Eagle Mountain Gold Project. The report also addresses gold market dynamics, macroeconomic data and indicators, financial results, potential cash flows, and risks. The Initiation Report is available at: http://www.murphyanalytics.com/uploads/Stronghold_Initiation.pdf.
Other Small Cap News
AlumiFuel Power Corporation AFPW
AlumiFuel Power to Broaden Its Hydrogen Technology Portfolio
New Technologies Will Enable Access to Other Billion Dollar Markets in Back-Up and Vehicular Power
PHILADELPHIA, PA–(Marketwire – Dec 9, 2011) – Early production stage hydrogen generation company AlumiFuel Power, Inc. (“API”), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation AFPW (the “Company”), announced today it is in the process of broadening the Company's Intellectual Property (IP) portfolio to include numerous aluminum- and non aluminum-related hydrogen storage/generation technologies. In addition to its own in-house new technology developments, API is in discussions with certain academic institutions already holding Department of Energy (DOE)-funded technology IP, which are interested in finding a suitable industry partner to jointly commercialize the technology.
Midway Gold Corp. (NYSE Amex: MDW) (TSX-V: MDW)
Midway Drills 334 gpt Gold at Tonopah Project, Nye County, Nevada
Ken Brunk, Midway's President and COO said, “We are pleased with the grades and length of our drill results in the Discovery Zone. Our 2011 drilling confirmed that the higher grade gold zones occur within lower grade blanket-like gold mineralization. This allows us to evaluate various mining methods including open pit or underground methods and select the best approach for the project. To avoid confusion with the company name, the Midway Project has been renamed the Tonopah Project.”
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