Russell jumps on opening Friday morning; OMTR, SWKS, and TSYS lead gainers
Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment data, hoping that the bad news will push lawmakers to move quickly next week to bolster the economy. Some of today’s small-cap gainers were Omniture, Inc. (Nasdaq:OMTR), Skyworks Solutions (Nasdaq:SWKS) and TeleCommunication Systems Inc. (Nasdaq:TSYS).
Other Market Watch highlights today included:
• However, there were some thoughts that the dismal reading will simply prod lawmakers to be more aggressive in agreeing to a big stimulus package.
• By any measure, the jobs report presented a bleak picture of the U.S. economy.
• Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment.
• The chart structure for the Russell 2000 has eased into a mini-trading range within the elongated extended trading range.
Small Cap Gainers:
• Business optimization software provider Omniture, Inc. is up 17% after reporting big revenue jumps in Q4 earnings Thursday. (See Nasdaq:OMTR)
• Chip maker Skyworks Solutions is up 17% to $5.88 on stronger-than-expected Q1 earnings released after Thursday's close. (See Nasdaq:SWKS)
• Wireless communications technology company TeleCommunication Systems Inc. is up 17.2% to $8.50 after reporting positive Q4 earnings late Thursday.(See Nasdaq:TSYS)
• Air freight company Atlas Air Worldwide Holdings Inc. is up nearly 13% to $15.04 after this morning announcing it will trim freighter fleet and cut staff. (See Nasdaq:AAWW)
Small Cap Losers:
• Consumer finance website operator Bankrate was down 13% in premarket after reporting weaker-than-expected Q4 profits late Thursday. (See Nasdaq:RATE)
• Disease-management program administrator Healthways Inc. is down 23% in pre-market after announcing late Thursday that a loss of contracts and the overall weak economy will hurt revenue in 2009. (See Nasdaq:HWAY)
Other Market Watch highlights today included:
• However, there were some thoughts that the dismal reading will simply prod lawmakers to be more aggressive in agreeing to a big stimulus package.
• By any measure, the jobs report presented a bleak picture of the U.S. economy.
• Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment.
• The chart structure for the Russell 2000 has eased into a mini-trading range within the elongated extended trading range.
Small Cap Gainers:
• Business optimization software provider Omniture, Inc. is up 17% after reporting big revenue jumps in Q4 earnings Thursday. (See Nasdaq:OMTR)
• Chip maker Skyworks Solutions is up 17% to $5.88 on stronger-than-expected Q1 earnings released after Thursday's close. (See Nasdaq:SWKS)
• Wireless communications technology company TeleCommunication Systems Inc. is up 17.2% to $8.50 after reporting positive Q4 earnings late Thursday.(See Nasdaq:TSYS)
• Air freight company Atlas Air Worldwide Holdings Inc. is up nearly 13% to $15.04 after this morning announcing it will trim freighter fleet and cut staff. (See Nasdaq:AAWW)
Small Cap Losers:
• Consumer finance website operator Bankrate was down 13% in premarket after reporting weaker-than-expected Q4 profits late Thursday. (See Nasdaq:RATE)
• Disease-management program administrator Healthways Inc. is down 23% in pre-market after announcing late Thursday that a loss of contracts and the overall weak economy will hurt revenue in 2009. (See Nasdaq:HWAY)
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