This Is What Whales Are Betting On SoFi Technologies

Stocks are sharply lower as downbeat news about the nation’s job market and rising debt in Europe revived fears of a global economic slowdown Major indexes slid more than 1 percent, including the Dow Jones industrial average, which fell 165 points. All 30 stocks that make up the Dow dropped. Treasury prices jumped as investors sought safe-havens. Disappointing reports on jobless claims in the U.S. and economic sentiment in Europe painted a bleaker picture of recovery than Federal Reserve Chairman Ben Bernanke did during testimony Wednesday on Capitol Hill. Overseas markets fell after the European Commission said economic sentiment in the 16 countries that use the euro worsened unexpectedly in February. Concerns that Greece will struggle to cut its budget and get its debt problems under control are again worrying investors. Trading in the U.S. has been choppy in recent weeks because of uneasiness about the economy. And global markets retreated earlier this month because traders were worried Greece’s debt problems would spread to other European countries. The euro again fell, touching a nine-month low against the dollar.   Meanwhile, the Labor Department said first-time claims for unemployment insurance rose by 22,000 to a seasonally adjusted 496,000. Economists polled by Thomson Reuters had forecast a drop in claims to 455,000. It is the second straight week that claims jumped unexpectedly. High unemployment remains one of the biggest obstacles to a sustained economic recovery. The Labor Department’s monthly report on employment will be released next week. In midmorning trading, the Dow fell 166.34, or 1.6 percent, to 10,207.82. The Standard & Poor’s 500 index dropped 16.67, or 1.5 percent, to 1,088.57, while the Nasdaq composite index fell 33.22, or 1.5 percent, to 2,202.68.   Yesterday’s Top Performing Small-Cap Stock: Fleet Management Solutions Inc. (Pink: FLMG) Fleet Management Solutions Inc. (Pink: FLMG) soared over 18% on its SmallCapVoice.com debut and was yesterday’s top performer. Fleet Management Solutions Inc. soared over 18% on its SmallCapVoice.com debut after announcing that one of its client companies, ATE Rent S.A. of Athens, Greece, which specializes in the operation of leasing passenger cars, has increased the size of its initial contract with FMS by over 200% in just over 5 months. The initial contract between FMS and ATE Rent S.A., a Greece-based financial institution, was signed in August 2009 for the after-sales servicing and management of its fleet of 225 vehicles. Following the success of the initial contract, ATE Rent S.A. has amended the contract to include an additional 452 leased vehicles for a total fleet of 677. As part of the agreement, FMS provides full management of the fleet including accident and breakdown repairs, the provision of replacement vehicles, and regular and scheduled maintenance. The total value of the contract is expected to exceed US$800,000. CEO Mr. Alexandris stated, “We are very pleased with this new contract. It is our way of showing our shareholders and partners that we are moving in the right direction.” Today’s SmallCapVoice.com Hot Stock to Watch: Tootie Pie Company (OTCMKTS: TOOT) Tootie Pie Company has seen its shares rise over 60% since being featured on SmallCapVoice.com less than two weeks ago. Tootie Pie recently reported the best overall quarterly operating results in the Company’s history. The shift to increase retail sales growth from existing and planned acquisitions have positioned Tootie Pie for continued sales growth and profits. Audio Interview » SmallCapVoice Clients’ News CitySide Tickets, Inc. (Pink: CIST) CitySide Tickets, Inc. Featured in Boston Herald Feb. 25, 2010 (Business Wire) — CitySide Tickets, Inc. (Pink: CIST), which owns and operates www.CitySidetickets.com, a nationwide event ticket purchasing venue that caters to a diverse selection of popular theater, music, and sporting events, is pleased to announce that on Monday, February 22, 2010, the company was featured in an exclusive article featuring its national television advertising campaign. Read More » Other Small Cap News AMICAS, Inc. (Nasdaq: AMCS) AMICAS Confirms Receipt of Updated Acquisition Proposal From Merge Healthcare AMICAS, Inc. (Nasdaq: AMCS), a leader in image and information management solutions, today announced that it has received from Merge Healthcare Incorporated (Nasdaq: MRGE) (“Merge”) a proposal to acquire all of the outstanding shares of AMICAS for $6.05 per share in cash, which has been updated to include an executed definitive commitment letter for $200 million of financing from Morgan Stanley and confirmation that Merge will place a portion of the pre-funded proceeds received from its mezzanine investors into an escrow account directly accessible by AMICAS. Read More » Express-1 Expedited Solutions, Inc. (NYSE Amex: XPO) XPO Reports Fourth Quarter Revenue Growth of 27% In the fourth quarter, preliminary revenue from continuing operations increased by 27% to $31.6 million compared to $25.0 million in the fourth quarter of 2008. The acquisition of LRG International, Inc. on October 1, 2009, contributed $1.9 million to revenue for the quarter. Read More » Dejour Enterprises Ltd. (NYSE Amex: DEJ) Dejour Secures Mezzanine Financing For Project Expansion Dejour Enterprises Ltd. announces it has signed a binding commitment letter securing a $5MM line of credit from an Alberta-based mezzanine lender. The first $2 million of this resource will be available upon closing and used to refinance Dejour’s existing bank facility and fund its working capital. The remainder of the line will be accessible, subject to additional lender review and approval by the Dejour Board of Directors, to finance project expansions currently being considered by Dejour at its Drake/Woodrush facility. Read More » TriQuint Semiconductor Inc (Nasdaq: TQNT) TriQuint 4Q profit exceeds analysts’ estimates TriQuint’s 4Q earnings top analysts’ estimates on surging sales of radio frequency chips The company said Wednesday that it earned $17.5 million, or 11 cents per share, during the final three months of 2009. That compared to a loss of $34.3 million, or 23 cents per share, in the previous year. Read More » Smith Micro Software, Inc. (Nasdaq: SMSI) Smith Micro Software Reports Record Fourth Quarter and Fiscal Year 2009 Financial Results Revenues for Fiscal Year 2009 Increased to a Record $107.3 Million ALISO VIEJO, Calif.–(BUSINESS WIRE)–Smith Micro Software, Inc. (NASDAQ: SMSI), a leading developer and marketer of software solutions and services for the mobility market, today reported financial results for the fiscal 2009 fourth quarter and full-year ended December 31, 2009. Read More » SIGA Technologies, Inc. (Nasdaq: SIGA) SIGA Awarded a $2.8 Million DoD Contract With Additional Options for the Development of a Broad Spectrum Antiviral Drug SIGA Technologies, Inc. (Nasdaq: SIGA), a company specializing in the development of pharmaceutical agents to fight biowarfare pathogens, today announced it was awarded a $2.8 million contract with options for up to $9.9 million from the Department of Defense’s Transformational Medical Technologies Initiative (TMTI) through the Defense Threat Reduction Agency (DTRA) to support the preclinical development and Investigation New Drug (IND) filing of ST-669, a broad-spectrum antiviral that has demonstrated in vitro antiviral activity against several different viral families. Read More » Vonage Holdings Corp. (NYSE: VG) Vonage Holdings Corp. Reports Fourth Quarter and Full Year 2009 Results Vonage reported net income excluding adjustments of $3 million or $0.02 per share, an increase of $37 million or $0.24 per share versus 2008. GAAP net loss of $43 million was driven by $46 million in non-cash charges related to convertible debt, as the price of the Company’s stock increased. Read More » EnergySolutions, Inc. (NYSE: ES) EnergySolutions Announces Fourth Quarter and Full Year 2009 Results Revenues for the fourth quarter of 2009 were $448.3 million, compared with $410.1 million in the fourth quarter of 2008. Gross profit for the fourth quarter of 2009 was $73.4 million, compared with $55.2 million for the fourth quarter of 2008. Selling, general and administrative expenses for the fourth quarter of 2009 were $37.2 million, compared with $40.4 million for the fourth quarter of 2008. Read More » Golden Star Resources Ltd. (NYSE Amex: GSS) Golden Star Reports Record Annual Gold Sales and Financial Results for Fourth Quarter and Year-End 2009 DENVER, COLORADO–(Marketwire – 02/24/10) – Golden Star Resources Ltd. (TSX: GSC)(AMEX: GSS)(GSE: GSR) today announced its audited year-end results for 2009 and unaudited fourth quarter 2009 results. Read More » About SmallCapVoice.com SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client’s financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC Markets