Small-cap stocks open in the lows; RTLX, PWAV, and DivX lead gainers
Small-cap stocks opened lower Friday, pulled down by lingering worries about the economy, a dip in stock markets around the world overnight and a renewed safe-haven mentality ahead of the weekend. Today’s small-cap gainers are Retalix Ltd. (Nasdaq:RTLX), Powerwave Technologies (Nasdaq:PWAV) and DivX (Nasdaq:DIVX).
Other Market Watch highlights today included:
• Crude oil prices were slumping today, down about $2 a barrel amid a resurgent U.S. dollar overnight.
• Today’s trading will not only close the books on a dreadful month for the stock
market, but also represents the final week of trading before voters decide on a new president next week.
• The yield on benchmark 10-year notes was down 2.7%, which reflects strong demand for Treasury notes as the yield moves inverse to price.
• As the stock market lurched toward the end of a historic month investors seemed reluctant to extend a 3-day buying spree in small caps and money was moving back into Treasury markets.
Small Cap Gainers:
• Retalix Ltd. jumped 31% as the software provider for food distributors and retailers gapped higher on the open. See (Nasdaq:RTLX).
• Powerwave Technologies Up 11% in after-hours; Q3 results beat estimates by $0.03. See (Nasdaq:PWAV).
• DivX Q3 results top expectations, guides in line to above Street. DivX shares were up 8% overnight. See (Nasdaq:DIVX).
• Air T boosted 5% in pre-market trading; Q2 results up sharply pver year-ago levels See (Nasdaq:AIRT).
Small Cap Losers:
• Bare Excentuals Inc. gapped lower and shed some 38% on soft earnings news. See (Nasdaq:BARE).
• Penson Worldwide Inc. is down 32% on news that a subsidiary has incurred a $15.5M unsecured receivable from a firm that has ceased operations.
See (Nasdaq:PNSN).
• Conexant Systems seats With Q4, guides below Street. Shares down 16% in pre-market. See (Nasdaq:CNXT).
• Morningstar shares nearly 5% lower in after hours after Q3 results miss estimates. See (Nasdaq:MORN).
Other Market Watch highlights today included:
• Crude oil prices were slumping today, down about $2 a barrel amid a resurgent U.S. dollar overnight.
• Today’s trading will not only close the books on a dreadful month for the stock
market, but also represents the final week of trading before voters decide on a new president next week.
• The yield on benchmark 10-year notes was down 2.7%, which reflects strong demand for Treasury notes as the yield moves inverse to price.
• As the stock market lurched toward the end of a historic month investors seemed reluctant to extend a 3-day buying spree in small caps and money was moving back into Treasury markets.
Small Cap Gainers:
• Retalix Ltd. jumped 31% as the software provider for food distributors and retailers gapped higher on the open. See (Nasdaq:RTLX).
• Powerwave Technologies Up 11% in after-hours; Q3 results beat estimates by $0.03. See (Nasdaq:PWAV).
• DivX Q3 results top expectations, guides in line to above Street. DivX shares were up 8% overnight. See (Nasdaq:DIVX).
• Air T boosted 5% in pre-market trading; Q2 results up sharply pver year-ago levels See (Nasdaq:AIRT).
Small Cap Losers:
• Bare Excentuals Inc. gapped lower and shed some 38% on soft earnings news. See (Nasdaq:BARE).
• Penson Worldwide Inc. is down 32% on news that a subsidiary has incurred a $15.5M unsecured receivable from a firm that has ceased operations.
See (Nasdaq:PNSN).
• Conexant Systems seats With Q4, guides below Street. Shares down 16% in pre-market. See (Nasdaq:CNXT).
• Morningstar shares nearly 5% lower in after hours after Q3 results miss estimates. See (Nasdaq:MORN).
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