Archive: 27 October 2008

2008

October

27 - Monday

• Article: Russell dives nearly 5% at closing; DIN, PENN and RVBD lead gainers
• Article: Small caps tumble to fresh bear market lows despite housing surprise
• Article: Horizon Lines Inc. slumped 33% following earnings news from last week.
• Article: There were no new 52-week highs on Monday's session.
• Article: Sunrise Senior Living Inc. tumbled 32% to fresh 52-week lows.
• Article: Savient Pharmaceuticals paced the decliners, sinking some 73% and gapping lower on heavy volume.
• Article: FCStone Group, Polypore International and Amicus Therapeutics among 52-week lows
• Article: Commodities have already been tanking in recent weeks, putting commodity sensitive economies like those in South America and Russia in a dire position.
• Article: The dollar stormed to fresh highs against the euro today, reaching the highest point since April 2006.
• Article: There really hasn’t been a safe-haven on the planet for equities in recent weeks, with emerging markets in a tailspin that far outpace the U.S. stock market implosion.
• Article: when the market does find a bottom, it will probably take place first in the large-cap universe, then small caps will likely once again start to outperform on the way back up.
• Article: Just a few weeks ago, the percentage spread favored the Russell over the Dow by more than 10 percentage points, but when the market went into collapse mode small caps suffered.
• Article: The Russell 2000 is now down 41% for 2008, while the Dow is off 38% and the S&P 500 is down 42%.
• Article: Small caps continue to be punished relative to their large-cap brethren as the bear market incites a “bigger is better” mentality.
• Article: Small caps collapsed today, setting fresh intraday and closing lows. The Russell closed down 5%, the lowest daily close since Aug. 2003.
• Article: Rubicon Technology continues to trade lower late in the session, down 21%.
• Article: Thoratec Corporation recalls heart devices, shares sink 12%.
• Article: Calgon Carbon, Silicon Graphics and Oneida Financial lead small-cap percentage losers
• Article: DineEquity, HSN and Motorcar Parts of America lead small-cap percentage gainers
• Article: Recession fears counter home sales data as small caps still in red
• Article: Dineequity Inc. is up 40% on surprisingly stout earnings news.
• Article: Telefonica De Argentina is off 26% as South American ADRs continue to struggle amid pension fund troubles in Argentina and worries about the sharp drop in commodity values.
• Article: Calgon Carbon Corp. is down 24%, sinking to fresh 52-week lows
• Article: Agriculture products, regional banks, education services, telecoms, general merchandise and department stores are the top draws.
• Article: Insurance companies, tire and rubber stocks, coal, investment banks, office electronics, home furnishings, steel and oil exploration shares are among the worst performers.
• Article: Technology shares continued to lag the Dow and S&P 500, but not to the same extent as the Russell 2000.
• Article: Small-cap stocks retained modest losses into midday trading, unable to join large-cap indices in positive territory. The Russell is currently down about 1%.
• Article: Comtech says sub inks $8.8M in orders from domestic prime contractor to supply amplifiers and switches.
• Article: Celanese proclaims force majeure on specialty polymers after a fire broke out at its Canadian facility, Reuters reports.
• Article: CenturyTel slips after stating that it will acquire Embarq, a larger competitor, for $5.8B.
• Article: Silicon Graphics slides 19% on no fresh news.
• Article: Centennial Communications’ debt rating upgraded to “B,” or stable, by Fitch—yet shares slip.
• Article: Small-cap stocks tumbled; PENN, PPC, and ATPG lead gainers
• Article: Reverse early slide as home sales data top forecast
• Article: Seanergy Maritime Corp. is off about 27%, also on a light volume opening slide.
• Article: Natures Sunshine Products Inc. is down 36%, gapping lower, but on light volume.
• Article: Commodities in general were taking a hit this morning, pulled down by a strong tone in the U.S. dollar, which rose to the highest point versus the euro since April 2006.
• Article: Small caps tumbled to fresh move lows early Monday, slipping to the lowest point on intraday charts since August 2003, but mounted a nice recovery on a stronger-than-forecast new home sales release.
• Article: Ariba slides 20% despite an upgrade by Cowen and actions to streamline its sourcing and contract management processes.
• Article: Bolt Technology skids 28% on no fresh news.
• Article: Timken sinks 30% on no fresh news.
• Article: Sohu.com posts Q3 above the Street, guides Q4 above estimates, initiates $150M share repurchase program.
• Article: ATP Oil & Gas to buyback 10% of shares outstanding, shares gain 11%.
• Article: Penn National Gaming up 12% after Q3 EPS vaulted on settlement payment, raises 2008 earnings guidance.
• Article: Thoratec initiates correction on heart medical devices that could results in serious injury or death over time. Shares down 14%.
• Article: Savient Pharmaceuticals extends clinical trial for treatment-failure gout by one year or more. Shares tank 57%.
• Article: Ariba, DryShips and ViroPharma lead small-cap volume in pre-market
• Article: UBS cuts Nortel to neutral from buy on liquidity and end-market concerns.
• Article: Sharp opening slide seen after global stock drop overnight
• Article: Looking at the chart picture, if the Russell quickly cascades through Friday’s low this morning, then it opens the door to another leg down.
• Article: KongZhong to buyback up to $10 million in shares.
• Article: A story in The Wall Street Journal saying that loan defaults on financing for technology spending have risen dramatically could hurt technology stocks on the opening.
• Article: The strong dollar and fears of a global recession took a toll on commodities, with crude oil down more than $2 a barrel.
• Article: Pilgrim's Pride gets extension on temporary waiver under its credit facilities through November 26.
• Article: Global stock markets were on fire sale, with Japan’s Nikkei sinking 6% to the lowest close since 1982, while Hong Kong’s Hang Seng index collapsed 12.7%, the largest 1-day drop in 9 years.
• Article: Small-cap stocks are expected to take another tailspin on the opening today, pulled down by a global rout in equities overnight.
• Article: iRobot inks $3.7 million order with Naval Sea Systems Command.
• Article: UBS raises Riverbed Technology to neutral from sell.