Small caps remain low in midday; SSRI, EXLP, and PROJ lead gainers
Small caps remained lower into midday trading, unable to draft off support from moderate gains in large caps as investors still have risk aversion on their mind. Energy stocks were providing a lift to large caps, but financial shares were struggling, pulling down lots of small banks in the small-cap universe. Today’s small-cap gainers are Silver Standard Resources Inc. (Nasdaq:SSRI), Exterran Partners (Nasdaq:EXLP) and Deltek (Nasdaq:PROJ).
Other Market Watch highlights today included:
• The Financial Select Sector SPDR was down 4.3% at midday.
• Financial shares remain a big drag on the market, with Citigroup Inc. extending the freefall.
• Small caps remained lower into midday trading, unable to draft off support from moderate gains in large caps.
• Researchers at Goldman Sachs today said that the upcoming November employment report will be the worst yet for 2008.
Small Cap Gainers:
• Gold and silver companies dominated the top percentage gainers on the Nasdaq; Silver Standard Resources Inc. is rising 18%. See (Nasdaq:SSRI).
• Exterran Partners is up 18% on light volume as energy-related stocks are on the rise today. See (Nasdaq:EXLP).
• Deltek up 15% today following SC&H Group's announcement earlier this week of a business partnership with the small cap. See (Nasdaq:PROJ).
• China Sky One Medical is up 7% on light volume following news this week that the small cap obtained production rights for nine new drugs. See (Nasdaq:CSKI).
Small Cap Losers:
• Buckeye shares fall 26% after BGH terminates tender offer. See (NYSE:BGH).
• Shares of Media General are down another 26% today following news Thursday that Harbinger Capital sold stock in the newspaper publisher. See (NYSE:MEG).
• Collective Brands Inc. is off 25% as the holding company for Payless Shoes and Stride Rite plunged to fresh 52-week lows See (NYSE:PSS).
• Red Robin Gourmet Burgers Inc. is down 23% as the casual dining restaurant chain also made new move lows. See (Nasdaq:RRGB).
Other Market Watch highlights today included:
• The Financial Select Sector SPDR was down 4.3% at midday.
• Financial shares remain a big drag on the market, with Citigroup Inc. extending the freefall.
• Small caps remained lower into midday trading, unable to draft off support from moderate gains in large caps.
• Researchers at Goldman Sachs today said that the upcoming November employment report will be the worst yet for 2008.
Small Cap Gainers:
• Gold and silver companies dominated the top percentage gainers on the Nasdaq; Silver Standard Resources Inc. is rising 18%. See (Nasdaq:SSRI).
• Exterran Partners is up 18% on light volume as energy-related stocks are on the rise today. See (Nasdaq:EXLP).
• Deltek up 15% today following SC&H Group's announcement earlier this week of a business partnership with the small cap. See (Nasdaq:PROJ).
• China Sky One Medical is up 7% on light volume following news this week that the small cap obtained production rights for nine new drugs. See (Nasdaq:CSKI).
Small Cap Losers:
• Buckeye shares fall 26% after BGH terminates tender offer. See (NYSE:BGH).
• Shares of Media General are down another 26% today following news Thursday that Harbinger Capital sold stock in the newspaper publisher. See (NYSE:MEG).
• Collective Brands Inc. is off 25% as the holding company for Payless Shoes and Stride Rite plunged to fresh 52-week lows See (NYSE:PSS).
• Red Robin Gourmet Burgers Inc. is down 23% as the casual dining restaurant chain also made new move lows. See (Nasdaq:RRGB).
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