Posts Tagged ‘Biomedical Technology Solutions Holdings’

Stocks are mixed as investors sort through a disappointing reading on the labor market and another batch of earnings reports

The market is trying to rebound a day after a late-session sell off pushed major indexes lower. Lingering concerns over whether investors had been overly optimistic about an economic rebound in pushing the market higher recently fed into Wednesday’s decline.

Overseas markets were tumbling following the U.S. market’s drop Wednesday, and as uncertainty mounted about Chinese stimulus measures aimed at pumping up that country’s economy.

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Stocks trend higher although some earnings reports signaled that companies are still having a hard time boosting revenue

Toymaker Hasbro Inc., like many other companies, reported its third-quarter earnings rose as it cut costs, but said that its revenue fell. Gannett Co., the country’s largest newspaper publisher, also had a profitable quarter even with another big decline in ad revenue.

Apple Inc. and Texas Instruments Inc. are scheduled to release earnings after the closing bell.

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Don Cox, President and CEO of Biomedical Technology Solutions Holdings, Inc. (“BMTS” www.bmtscorp.com) (OTC.BB:BMTL) stopped by SmallCapVoice.com to dicuss how his company sells the Demolizer® II through its wholly owned subsidiary Biomedical Technology Solutions, Inc. BMTS’ patented Demolizer® Technology converts infectious biomedical waste into non-infectious material. BMTS’ products provide biomedical waste treatment solutions for the over 1,000,000 low to medium volume medical waste generators in the US and a global market five times larger than the U.S.

Stocks are lower after Goldman Sachs, Citigroup earnings disappoint

Investors turned cautious Thursday after earnings reports from Goldman Sachs Group Inc. and Citigroup Inc. stirred worries about the troubles banks still face.

Stocks fell moderately in early trading after rallying Wednesday. Investors drew some comfort from a government report that the number of newly laid-off workers filing claims for unemployment insurance fell last week. A report on manufacturing in the New York region also topped expectations.

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Stocks surge on strong earnings reports from Intel Corp. and JPMorgan Chase & Co.

JPMorgan Chase, the first major bank to report third-quarter earnings, stoked the market’s optimism as it handily beat Wall Street’s expectations, reporting a profit of $3.59 billion for the July-September period. However the bank also said loan losses are still high and are likely to remain so for some time.

Intel also beat analysts’ estimates, reporting a smaller-than-expected decline in profit and sales after the market closed Tuesday. The leading chip maker said it expects sales in the final period of the year to top analyst projections, raising hopes that the computer market was improving.

A smaller-than-expected decline in retail sales for September underpinned the market’s early gains.

The Commerce Department said retail sales declined 1.5 percent last month as car sales tumbled following the end of the government’s Cash for Clunkers program. While that was the largest monthly decline this year, it was not nearly as big as the 2.1 percent drop analysts had expected. Excluding autos, retail sales rose 0.5 percent, better than the 0.2 percent increase analysts forecast.

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Biomedical Technology Solutions Holdings, Inc., located in Englewood, Colorado sells the Demolizer(R) II through its wholly owned subsidiary Biomedical Technology Solutions, Inc. BMTS’ patented Demolizer(R) Technology converts infectious biomedical waste into non-infectious material. BMTS’ products provide biomedical waste treatment solutions for the over 1,000,000 low to medium volume medical waste generators in the US and a global market five times larger than the US.

www.bmtscorp.com

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Stocks are gaining after the government issued a mixed trade report

The Commerce Department said the trade deficit declined 3.5 percent to $30.7 billion in August, as imports fell on lower oil demand. Economists expected the deficit to rise to $33 billion, or 3.3 percent from July’s level, which was the highest in six months.

Exports of goods and services edged up 0.2 percent, an encouraging sign that the global economy is strengthening. But the decline in imports shows that domestic consumption is still weak.

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