Ryan Vlastelica, Reuters
Wall Street flat, investors look for new catalyst
(Reuters) - Stocks were flat on Tuesday as investors looked for new reasons in economic data or earnings to extend a rally that pushed major averages near five-year highs.Equities have been on a tear lately, with the S&P 500 recently climbing for eight straight sessions, extending its rise in January to 5.1 percent. The index hovered around 1,500, suggesting there was still support for a market that has been hovering around five-year highs.
"A move like this in one month is extraordinary, and keeping the gains going will depend on concrete news like earnings and data that show the economy is getting better," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "We haven't seen enough of that to make people jump in after the rally we've had."
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Yesterday's Top Performing Small Cap Stock:
Marley Coffee (OTCBB: JAMN)Marley Coffee was a SmallCapVoice top performer closing up over 37% on trading volume of 3,550,865 shares.
NAMA Research States that Gourmet Coffee is One of the Most Desired Segments in the Industry
AVT's New Marley Coffee Division is capitalizing on this growthCORONA, Calif., Jan. 22, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) is expanding their distribution of their exclusive Marley Coffee Automated Micro-Stores, a move that was validated by the recent study released at the National Automatic Merchandising Association (NAMA), Coffee Tea & Water conference.
The NAMA led "coffee experience outreach" determined the perceptions of coffee in the workplace and concluded that gourmet and premium coffees are the most desired and fastest growing segment of the industry.
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Today's SmallCapVoice.com Hot Stock to Watch:
Terra Tech Corp (OTCQB: TRTC)Terra Tech Corp.: Discusses Merger & Acquisition Strategy, Corporate Objectives and Future Outlook.
Terra Tech Corp. (OTCBB: TRTC), a leader in sustainable agricultural products, releases shareholder update of their corporate objectives and details on their current M&A opportunities.Terra Tech recently announced signing LOI’s to acquire two companies, GroRite Garden Centers and NB plants/ Edible Garden brand. Upon a successful merger these two acquisitions will push annual revenue for Terra Tech to over 10 million dollars. Terra Tech has stated in the past that an aggressive M&A strategy is instrumental in accelerating growth for the company.
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Other Small Cap News
MediSwipe Inc. (OTCBB: MWIP)MediSwipe, Inc. Announces Audio Shareholder Conference Call Hosted By B. Michael Friedman, CEO, and Jayme Canton, Chairman, 800 Commerce Inc.
LOS ANGELES, Jan. 29, 2013 (GLOBE NEWSWIRE) -- MediSwipe Inc. (OTCBB:MWIP), a patient security solutions and financial products company for the health care industry, today announced that they will conduct a shareholder conference call on Thursday, January 31, 2013, at 10:30am, Eastern Standard Time to provide a management update, strategic marketing and sales plan for 2013 and status on the S-1 registration statement for 800 Commerce. MediSwipe and 800 Commerce CEO and Chairman, B. Michael Friedman and Jayme Canton, will host the call. Shareholders, prospective shareholders, analysts and other interested persons may access the call by dialing in fifteen minutes before using one of the following numbers:Live PARTICIPANT Dial-In (Toll-Free): 877-407-8129
Live PARTICIPANT Dial-In (International): 201-493-6710
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Studio One Media, Inc. (OTCBB: SOMD)
Studio One Media Adds Public Company and Entertainment Veterans
Music Industry Veteran, Dick Wingate, and Public Company Veteran, Stanton Ross, Join Studio One TeamLOS ANGELES, CA--(Marketwire - Jan 29, 2013) - Studio One Media, Inc. (OTCBB: SOMD) (OTCQB: SOMD), a leading edge entertainment and technology company, today announced that Mr. Stanton Ross has joined its Board of Directors and Mr. Dick Wingate has joined the Company as a senior consultant.
"On behalf of the Board of Directors, I am pleased to welcome Stanton Ross to the Board. Stan has an excellent background with many years of extensive business experience. "He will be a great asset in helping the Company execute its diverse business plan including our evolving mobile studios and our AfterMaster/ProMaster technologies," stated Frank Perrotti, Chairman of Studio One Media, Inc. "Additionally, we would like to welcome Dick Wingate to Studio One. Dick provides the Company with extensive recording industry experience and will spearhead the continued roll out of our Aftermaster/Promaster technologies."
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