Archive: 11 November 2008

2008

November

11 - Tuesday

• Article: Once-mighty General Motors is officially a small cap. Today’s close at $2.92 gives the maker of Hummers a market cap of $1.65 billion, well below the $2B threshold.
• Article: Russell closes down 2.18%; OPTR, CCO and HPT lead gainers
• Article: Brief afternoon bounce rebuffed on profit worries, commodities slump
• Article: Looking toward Wednesday’s session, there is no economic data on tap, leaving the market free to focus on profit numbers, and other issues.
• Article: The Commodity Research Bureau Index of 19 commodity markets tumbled some 3%, sinking to the lowest point since December 2003.
• Article: The slide in physical markets gained momentum as the dollar rallied against the euro, with the greenback up 1.5% as the day progressed.
• Article: Data from China overnight showed that import growth was slowing and that inflation was at a 17-month low.
• Article: Crude oil prices tumbled to 20-month lows, slipping below $59 a barrel as concerns about demand continue to chip away at commodity valuation.
• Article: Russia is the second-largest oil producer in the world and in addition to the commodity woes right now, had to raise interest rates today to fight off capital outflow and inflation.
• Article: Homebuilders, drug stocks, agriculture products and home entertainment software companies lagged the overall market downdraft.
• Article: Energy, insurance, retail, technology and financial stocks were major sources of weakness today.
• Article: For the year, small caps are off 37%, while the Dow is down 34% and the S&P 500 is down 39%.
• Article: Small-cap stocks took a dive again Tuesday, closing down over 2% and rejecting a brief afternoon bounce into positive territory.
• Article: Ticketmaster Entertainment, Mentor Graphics and DryShips among 52-week lows
• Article: 99 Cents Only Stores is the sole 52-week high on Tuesday's session.
• Article: Radian Group up 18% after reporting last week a Q3 profit.
• Article: Silver Standard Resources Inc. down 9% on light volume.
• Article: La-Z-Boy up 15% after holding Q2 conference call this morning.
• Article: Small-cap stocks remain negative; RUS, CCO, and HPT lead gainers
• Article: Tyson Foods cut to "underweight" by JP Morgan; shares tumble 25%.
• Article: PHH Corp. on Monday reported a wider Q3 loss; shares still reeling, down 25% today.
• Article: Hill International up 9% after being honored as "Construction Management Firm of the Year" by the Developers & Builders Alliance.
• Article: MGIC Investment Corp. up 12% in lower-than-average volume.
• Article: Strategic Hotels reports net loss last week, shares down 9% today.
• Article: Clear Channel Outdoor Holdings up 25% despite being downgraded to "market perform."
• Article: Russ Berrie reports Q3 results; shares pop 30%.
• Article: Profit worries, Europe slide keep small caps in red
• Article: Hospitality Properties Trust reported solid third-quarter earnings and rose 16%.
• Article: Bidz.com Inc. shed 35% after the online retailer slashed the full-year outlook, a numbing concept into the key holiday shopping season.
• Article: As for the insurers, analysts at Goldman Sachs lowered ratings on the group and the S&P Insurance Index was down 6% at midday.
• Article: Real estate services are getting hammered today, as are tire, rubber and automobile manufacturers, wireless telecoms and insurance stocks.
• Article: The only area showing decent strength is agriculture products.
• Article: Crude oil prices tumbled to 20-month lows today, slipping below $59 a barrel, which kept energy and commodity stocks on the defensive.
• Article: Credit futures are near contract highs, with European bond futures making contract highs today, which shows that money flow is into credit instruments, not equities.
• Article: Central bank officials in Russia actually raised rates today, hoping to fight capital flight and inflation.
• Article: Declines in Russia got so bad that they halted trading until Thursday with a 12% loss in tow.
• Article: European shares tumbled about 4% for the day, following step with steep declines on many Asian bourses.
• Article: Small caps remained in negative territory into mid-session, pressured by worries about corporate profitability in a sluggish economic environment around the world.
• Article: Taleo, ATA and Ticketmaster Entertainment lead small-cap percentage losers
• Article: Dorman Products, American Science & Engineering and Daily Journal lead small-cap percentage gainers
• Article: Stillwater Mining warns it will not break even on PGM mining without operational changes; shares dive 30%.
• Article: CB Richard Ellis drops 31% on plan to offer 50M new shares.
• Article: Bowne & Co. posts Q3 loss, cuts jobs; shares plummet 38%.
• Article: KKR Financial Holdings unit suspends pay-out despite income rise; shares dive 44%.
• Article: Genworth Financial falls 52% on U.S. commercial paper plan ouster.
• Article: Pain Therapeutics to present at two upcoming investor conferences; shares up 7%.
• Article: SouthWest Water Company is up 11% today despite delaying Q3 filing, being downgraded to "sell" by Brean Murray.
• Article: Deltek Inc. shares up 10%; last week the software company reported a rise in Q3 profit.
• Article: Senomyx Inc. up 23% on lower-than-average volume.
• Article: Small-caps tumble; OPTR, CRXL, and GLDD lead gainers
• Article: Biotech company ArQule, Inc. up 14% after topping Q3 views, boosting FY08 outlook.
• Article: EnerNOC Q3 loss widens, but tops EPS by $0.09. Shares are up 8%.
• Article: American Science & Engineering sees its Q2 profit grow 63%. Shares are up 12% in morning trading.
• Article: Morgan Joseph upgrades Great Lakes Dredge & Dock Corporation to "buy" from "hold;" shares up 8%.
• Article: Ernst & Young survey: 52% of CEOs of Russell 2000 companies expect no real economic upswing until 2010.
• Article: Small caps extend Monday's slide
• Article: Browne & Co. Inc. is off 36% as the marketing communication company took a hit after reporting earnings.
• Article: Copper, which is considered a key economic indicator, slipped 3% in London.
• Article: As for the crude oil, the market for black gold was down about $2 a barrel into the U.S. stock market opening and briefly printed below $60.
• Article: Small caps tumbled on the open, pulled down by spillover selling from a decline in overseas markets fueled by a weak tone in financial and commodity shares.
• Article: Sangamo Biosciences, DryShips and Bidz lead small-cap volume in pre-market
• Article: Taleo down 29% ahead of the bell after filing notification with SEC for late filing of Q3 report.
• Article: Focus Media Q3 earnings trail Street; Q4 outlook weak. Shares are slumping 35% in pre-market.
• Article: Opening slip seen as financials, commodities slump overseas
• Article: Emerging markets were taking a hit this morning, with stock markets in Russia slipping 9% at times overnight, while shares in Dubai off 7%.
• Article: Crude oil prices briefly dipped below $60 a barrel heading toward the U.S. opening, setting a soft tone for energy shares early today.
• Article: Sangamo Biosciences nerve drug fails a mid-stage trial, shares sink 60% in pre-market.
• Article: Good morning!
• Article: Biotech firm Crucell swings to profit in Q3; shares up over 10% in pre-market.
• Article: Optimer Pharmaceuticals soaring 75% in pre-market on Phase 3 news.
• Article: Good morning!
• Article: Financial and commodity shares were under pressure overseas, a theme that could easily spread into U.S. markets this morning.
• Article: Small-cap stocks are expected to open lower, extending Monday’s slide following a decline in stocks around the world overnight.
• Article: Good morning!