Russell riding high in the green; LHCG, RAIL, and BMTI lead gainers
Small-cap stocks stormed out of the gate with a flourish this morning, as buyers were enamored with yet another rally in overseas markets and happy that a sobering GDP report in the United States wasn’t even worse. Today’s small-cap gainers are LHC Group (Nasdaq:LHCG), Freightcar (Nasdaq:RAIL) and BioMimetic Therapeutics (Nasdaq:BMTI).
Other Market Watch highlights today included:
• Norway also joined in on the rate cut fervor as countries around the world toss cheap money at businesses in a drive to thaw frozen credit lines.
• Hong Kong shot up some 10% and Taiwan was up 6%, as those countries announced rate cuts following the Fed’s rate cut Thursday.
• Stock markets around the world were in rally mode overnight, with the world stock index up 2.5%, powered by steep gains in some Asian markets.
• Crude oil futures trimmed overnight gains and were hovering near steady levels on the stock market opening.
• The energy sector should be a focal point today following Exxon Mobil Corp.’s quarterly earnings figure, which topped the forecast.
Small Cap Gainers:
• LHC Group shares jumped 29% as the home nursing services provider reported a quarterly increase in revenue. See (Nasdaq:LHCG).
• Freightcar reported robust third-quarter results that crushed analysts’ estimates. Results were owed to cost controls. Shares up 27%. See (Nasdaq:RAIL).
• BioMimetic Therapeutics reports promising clinical results using injectable bone graft. Shares up over 27%. See (Nasdaq:BMTI).
• Brush Engineered Materials Inc. got an earnings lift this morning, climbing 13%. See (NYSE:BW).
Small Cap Losers:
• Polypore International beats on Q3 results, guides full year revenues below the Street, EPS straddle consensus. See (NYSE:PPO).
• Iris International Q3 results miss Street, guides full year below consensus. See (Nasdaq:IRIS).
• JDS Uniphase Q1 EPS beat Street: $0.11 vs. $0.09. On GAAP basis, narrows loss. (Nasdaq:JDSU).
• Brocade and Foundry Networks to amend merger terms: Foundry's shareholders to receive $16.50 in cash for each share. See (Nasdaq:FDRY).
Other Market Watch highlights today included:
• Norway also joined in on the rate cut fervor as countries around the world toss cheap money at businesses in a drive to thaw frozen credit lines.
• Hong Kong shot up some 10% and Taiwan was up 6%, as those countries announced rate cuts following the Fed’s rate cut Thursday.
• Stock markets around the world were in rally mode overnight, with the world stock index up 2.5%, powered by steep gains in some Asian markets.
• Crude oil futures trimmed overnight gains and were hovering near steady levels on the stock market opening.
• The energy sector should be a focal point today following Exxon Mobil Corp.’s quarterly earnings figure, which topped the forecast.
Small Cap Gainers:
• LHC Group shares jumped 29% as the home nursing services provider reported a quarterly increase in revenue. See (Nasdaq:LHCG).
• Freightcar reported robust third-quarter results that crushed analysts’ estimates. Results were owed to cost controls. Shares up 27%. See (Nasdaq:RAIL).
• BioMimetic Therapeutics reports promising clinical results using injectable bone graft. Shares up over 27%. See (Nasdaq:BMTI).
• Brush Engineered Materials Inc. got an earnings lift this morning, climbing 13%. See (NYSE:BW).
Small Cap Losers:
• Polypore International beats on Q3 results, guides full year revenues below the Street, EPS straddle consensus. See (NYSE:PPO).
• Iris International Q3 results miss Street, guides full year below consensus. See (Nasdaq:IRIS).
• JDS Uniphase Q1 EPS beat Street: $0.11 vs. $0.09. On GAAP basis, narrows loss. (Nasdaq:JDSU).
• Brocade and Foundry Networks to amend merger terms: Foundry's shareholders to receive $16.50 in cash for each share. See (Nasdaq:FDRY).
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