Russell drops down to red territory; GVHR, WTW, and GCO lead gainers
Stocks continued their drop from the opening on a pullback in energy prices and on rumors that small-cap General Motors (NYSE:GM) may file bankruptcy. Some of today’s small-cap gainers were Gevity HR (Nasdaq:GVHR), Weight Watchers International (NYSE:WTW) and Genesco, Inc. (NYSE:GCO).
Other Market Watch highlights today included:
• Investors are pulling their money out of equities and piling into bonds and gold.
• The market is extremely anxious ahead of Friday's February Labor Department report that is likely to show the loss of hundreds of thousands of jobs.
• Stocks across the board were falling today, with those in the banking sector posting some of the steepest losses.
• The bad news out this morning weighed on stocks, and included a survey release that showed nearly 12% of mortgage holders are behind on payments or are in foreclosure.
Small Cap Gainers:
• Gevity HR up 85% On TriNet deal at 97% premium. See (Nasdaq:GVHR).
• Weight Watchers International is up 16% on heavier-than-average volume. See (NYSE:WTW).
• Genesco, Inc. is up 10% after reporting positive Q4 profit results. See (NYSE:GCO).
• Cornell Companies is up 5% after reporting a rise in Q4 profit. See (NYSE:CRN).
Small Cap Losers:
• Solutia subsidiary moves forward with patent infringement suit; shares fall 53%. See (NYSE:SOA).
• Jackson Hewitt Tax Service falls 44% after guiding below estimates. See (NYSE:JTX).
• GE Railcar tells Greenbrier it wants fewer railcars; GBX shares fall 31%. See (NYSE:GBX).
Other Market Watch highlights today included:
• Investors are pulling their money out of equities and piling into bonds and gold.
• The market is extremely anxious ahead of Friday's February Labor Department report that is likely to show the loss of hundreds of thousands of jobs.
• Stocks across the board were falling today, with those in the banking sector posting some of the steepest losses.
• The bad news out this morning weighed on stocks, and included a survey release that showed nearly 12% of mortgage holders are behind on payments or are in foreclosure.
Small Cap Gainers:
• Gevity HR up 85% On TriNet deal at 97% premium. See (Nasdaq:GVHR).
• Weight Watchers International is up 16% on heavier-than-average volume. See (NYSE:WTW).
• Genesco, Inc. is up 10% after reporting positive Q4 profit results. See (NYSE:GCO).
• Cornell Companies is up 5% after reporting a rise in Q4 profit. See (NYSE:CRN).
Small Cap Losers:
• Solutia subsidiary moves forward with patent infringement suit; shares fall 53%. See (NYSE:SOA).
• Jackson Hewitt Tax Service falls 44% after guiding below estimates. See (NYSE:JTX).
• GE Railcar tells Greenbrier it wants fewer railcars; GBX shares fall 31%. See (NYSE:GBX).
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