ORLANDO, Fla., Jan. 7, 2010 (GLOBE NEWSWIRE) -- The RedChip Review(TM), a division of RedChip Companies, Inc. (http://www.RedChip.com), today announced the 2009 year-end performance of The RedChip Review's Independent Index, comprising high-growth, small-cap stocks under research coverage.
For 2009, the annual return for The RedChip Review's Independent Index was 71.99%. The index is an equal-dollar weighted index designed to measure the performance of small-capitalization companies in a broad range of industries.
The RedChip Review's Independent Index outperformed the 2009 annual returns of many major benchmark indices including the Dow Jones Industrial Average, up 19.61%; S&P 500, up 24.26%; NASDAQ, up 44.82%; and the Russell 2000, up 26.82%.
The RedChip Review's Independent Index includes stocks in diverse sectors such as A-Power Energy Generation Systems, Ltd. (Nasdaq:APWR), a leading provider of distributed generation power systems in China; Trina Solar Ltd. (NYSE:TSL), a manufacturer of photovoltaic products for worldwide solar energy markets; and Sharps Compliance, Inc. (Nasdaq:SMED), a developer and manufacturer of products used in the collection and disposal of medical wastes.
RedChip's analysts rigorously screen small-cap ideas and provide in-depth analysis of the companies that meet RedChip's criteria for performance, growth potential and financial fitness. Often, RedChip follows companies that have no other equity research coverage due to Wall Street's single-minded focus on large-cap corporations and its pursuit of investment banking opportunities.
To learn more about The RedChip Review(TM), including how to subscribe, visit http://www.theredchipreview.com or call 1-800-REDCHIP (733-2447).
About The RedChip Review(TM)
For over 17 years, The RedChip Review(TM) has been a trusted source of independent small-cap equity research and information. Dedicated to "Discovering Tomorrow's Blue Chips Today"(TM), its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar screen. Each company under research coverage is assigned a 12-month price target and investment rating: Strong Buy, Buy, Speculative Buy, Hold or Sell. In addition to the analyst reports, The RedChip Review also includes feature stories covering market conditions, analyst blogs, and instant news alerts on small-cap companies.
The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Disclosure:
Neither the analyst(s) nor RedChip Companies, Inc., has received any compensation from the companies comprising The RedChip Review(TM)'s Independent Index. The analyst(s) contributing to the reports issued by The RedChip Review do not hold any shares of the subject securities. Each report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. As such, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures, or other derivatives related to such securities ("related investments"). The RedChip Review(TM) website and publication is furnished on the condition that it will not form a primary basis for any investment decision.