Small-cap stocks boosted by gains; SB, CRZO, and SSRI lead gainers
Small-cap stocks extended the morning rally into midday action, boosted by gains in commodity and financial stocks and some relief that the end was in sight for the political uncertainty surrounding elections in the United States. Today’s small-cap gainers are Safe Bulkers Inc. (NYSE:SB), Carrizo Oil and Gas Inc. (Nasdaq:CRZO) and Silver Standard Resources Inc. (Nasdaq:SSRI).
Other Market Watch highlights today included:
• Big commodity gainers today are gold, copper and corn,
• Commodity stocks in general were lifted today by a sizable drop in the U.S. dollar, which tumbled some 2.8% against the euro, making goods priced in dollars more attractive.
• The Energy Select Sector SPDR Fund was up 6% and crude oil prices shot 8% higher on reports that Saudi Arabia slashed output.
• Commodity shares were on a roll today, with agriculture products, metal and mining stacks, coal and gold all seeing sizable gains.
• Although the market initially pulled back on the dreary factory orders report, the rally quickly resumed and stretched out through mid-session.
Small Cap Gainers:
• Safe Bulkers Inc. continued to be a hot stock as the marine transporter jumped 31% after being one of the biggest small-cap movers on Monday. See (NYSE:SB).
• Carrizo Oil and Gas Inc. rallied 22% on news of a joint venture to pursue growth in Marcellus Shale. See (Nasdaq:CRZO).
• Silver Standard Resources Inc. jumped 21% along with the resurgence in commodities. See (Nasdaq:SSRI).
• Bruker Corp. is up 16% after reporting Q3 results on Monday. See (Nasdaq:BRKR).
Small Cap Losers:
• Animal Health International Inc. gapped lower and tumbled 57% on unusually heavy volume amid earnings news. See (Nasdaq:ANII).
• Kenexa Corp. down 28% as the employment search firm reported earnings, CEO says that the “business environment deteriorated” toward end of quarter with difficult economic climate. See (Nasdaq:KNXA).
• Herbalife tops with Q3 EPS but misses with sales and guides below Street; shares down 16% in pre-market. See (NYSE:HLF).
• Coldwater Creek falls 6% in after hours. Expects Q3 loss, pulls Q4 guidance. See (Nasdaq:CWTR).
Other Market Watch highlights today included:
• Big commodity gainers today are gold, copper and corn,
• Commodity stocks in general were lifted today by a sizable drop in the U.S. dollar, which tumbled some 2.8% against the euro, making goods priced in dollars more attractive.
• The Energy Select Sector SPDR Fund was up 6% and crude oil prices shot 8% higher on reports that Saudi Arabia slashed output.
• Commodity shares were on a roll today, with agriculture products, metal and mining stacks, coal and gold all seeing sizable gains.
• Although the market initially pulled back on the dreary factory orders report, the rally quickly resumed and stretched out through mid-session.
Small Cap Gainers:
• Safe Bulkers Inc. continued to be a hot stock as the marine transporter jumped 31% after being one of the biggest small-cap movers on Monday. See (NYSE:SB).
• Carrizo Oil and Gas Inc. rallied 22% on news of a joint venture to pursue growth in Marcellus Shale. See (Nasdaq:CRZO).
• Silver Standard Resources Inc. jumped 21% along with the resurgence in commodities. See (Nasdaq:SSRI).
• Bruker Corp. is up 16% after reporting Q3 results on Monday. See (Nasdaq:BRKR).
Small Cap Losers:
• Animal Health International Inc. gapped lower and tumbled 57% on unusually heavy volume amid earnings news. See (Nasdaq:ANII).
• Kenexa Corp. down 28% as the employment search firm reported earnings, CEO says that the “business environment deteriorated” toward end of quarter with difficult economic climate. See (Nasdaq:KNXA).
• Herbalife tops with Q3 EPS but misses with sales and guides below Street; shares down 16% in pre-market. See (NYSE:HLF).
• Coldwater Creek falls 6% in after hours. Expects Q3 loss, pulls Q4 guidance. See (Nasdaq:CWTR).
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