World Market Media's  Instablog

World Market Media
Send Message
GLX - The Global Listing Exchange is a social finance portal to the world’s capital markets. GLX organizes all of the necessary fundamental information and bridges the world’s investment communities giving every member the power to connect, transact and profit.
My company:
World Market Media
My blog:
Straight Talk On SmallCap
  • Market Wrap Up (NASDAQ: CYCC, MSSR, TIXC, HOLL) (NYSE: XJT) (OTCBB: MNGA)  0 comments
    Jun 11, 2010 4:11 PM | about stocks: CYCC, MSSR, HOLL
    Stocks closed up today on Wall Street in the last hour despite the early response to retail sales. The NASDAQ closed at 2,242.38 boosted by chip sales. The Dow closed at 10,209.79 up .37% also compling its first weekly gain in a month. BP shares surprisingly bounced back today from a 13year low despite reports that the company would be suspending its dividend to pay out damages and clean up it’s massive oil spill. 

    Gold is trading at 1,227.60, The Euro is trading at 1.2093, Oil is at 74.17.

    With retail sales down, it is evident that the U.S. consumer is still feeling the burden of the slow economy. 70% of economic activity is consumer spending so a decrease in this metric will make for a steady recovery. 
    For our world market indices, our Micro cap index finished up about 6 points or .8% lead by cyclacel pharmaceuticals (NASDAQ:CYCC) Express Jet Holdings (NYSE: XJT) and Mccormick and Schmicks Restaurant (NASDAQ: MSSR).

    The WMM Nano cap index is up .15 points or .02% lead by Magnegas corporation (OTCBB: MNGA) Tix Corporation (NASDAQ:TIXC) and Hollywood Media Group (NASDAQ:HOLL)

    In world news, the world cup kicked off its first match today, with South Africa vs Mexico ending in a 1-1 tie. The France vs. Uruguay match is on as I write. If the whole sovereign debt crisis wasn’t enough in Greece, now with high unemployment many middle class members are attempting to look outside of the country for employment, both decreasing taxable income and participation in the economy. (WSJ)

    Finally, World Market Media has been following THQ and Majesco games quite closely for the past two weeks. The E3 expo will be taking place next Tuesday and will no doubt effect the stock prices of gaming companies in the small cap space we will be covering any new press regarding stocks within our space.

    To view this article at World Market Media click on the link below:

    Disclosure: no positions
    Stocks: CYCC, MSSR, HOLL
Back To World Market Media's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.