Fiscal Cliff Closed: Futures Indicating Higher on Wall Street After Closing
NEW YORK, January 2, 2013
NEW YORK, January 2, 2013 /PRNewswire/ --
Wall Street can embrace closure when its headlines have been hogging the news,
and it looks like that's the case today. We have seen President Obama follow
through on his vow to raise taxes on the wealthy. Couples making more than
$450,000 a year in the United States are now considered rich. Those lucky
people will see their tax rate rise to 39.6%.
World Moto (OTC: FARE) had a strong couple of days' trading going into the New
Year after being higher by over 10% on an increased $4 million in trading.
This was much higher volume on FARE than we saw earlier last week. The last
few days' trading have bought total volume of around $15 million and the stock
has been higher three days running. The surprising thing here is that it has
come on some of the lightest volume days of the year.
AMR Corp (OTC: AAMRQ) was back in the news yesterday after trading over $2
million in volume on the day. AAMRQ closed flat after trading higher earlier
in the session.The stock has been sitting around the 0.80 cent mark for a
while now after testing the $1.00 mark earlier in December.
Amarantus Biosciences (OTC: AMBS) is another stock that's had an impressive
run back over the last few trading sessions. The volume has been increasing in
shares of AMBS and the stock has doubled in price over the last week. The
volume in yesterday's trading was $1.7 million with the stock up 22%.
USA Graphite (OTC: USGT) has been receiving a lot of attention in the OTC
markets over the last week and traded over $1.7 million in trading on Tuesday
whilst being higher by 3%.
The Gap (NYSE: GPS) has been trading heavily recently after becoming the
company of the year featured on Yahoo Finance. The retail stocks have been in
the headlines recently with a worse than expected holiday season. Some
analysts are reporting that certain companies like The Gap could have
performed better than most, and could be taken a look at for longer term
investments. Shares of Gap were higher by 2% on almost 5 million shares on the
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Regardless of what's going on in the mainstream we will always keep you
updated and look to be value added. We hope you have enjoyed our coverage; we
will be back to you tomorrow with our daily look at the OTC markets.
We track the volume and keep in touch with any increasing trends to the upside
or downside.We also cover the top stocks on the OTCQB, OTCQX, and the Pink
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contained in any materials should be construed as a recommendation to buy or
sell securities. Investors should always conduct their own due diligence with
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companies listed in this news release.
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