Russell opens stable Tuesday morning; SKH, SFSF, and FLML lead gainers
Small-cap stocks hovered near steady levels on the opening, outperforming the Dow and S&P 500 early on as investors took a cautious stance waiting on a smorgasbord of news events out of Washington today. Some of today’s small-cap gainers were Skilled Healthcare Group Inc. (NYSE:SKH), SuccessFactors Inc. (Nasdaq:SFSF) and Flamel Technologies SA (Nasdaq:FLML).
Other Market Watch highlights today included:
• Asian stocks were mixed, with China shares finding support as inflation data eased and supported hopes for a rate cut out of the central bank.
• Energy shares gathered some support from a rally in crude oil prices, which climbed about $1.60 a barrel.
• The wholesale inventories report came in at minus 1.4%, which was a bigger drop than forecast.
• Bank stocks were lower to start things today, but have been in rally mode lately in anticipation of the bailout news.
Small Cap Gainers:
• Skilled Healthcare Group Inc. gapped higher and was up 16%, receiving an earnings-related boost. See (NYSE:SKH).
• SuccessFactors Inc. climbed 11% as the management solutions software firm reported earnings. See (Nasdaq:SFSF).
• Flamel Technologies SA rose 9% as the French biopharma firm climbed to the highest level since early December without any apparent fresh news behind the move. See (Nasdaq:FLML).
• GT Solar rises over 6% in pre-market after reporting results for fiscal year 2009 third quarter. See (Nasdaq:SOLR).
Small Cap Losers:
• Ladish Co. fell 17% as the aerospace metals component maker also had an adverse reaction to quarterly figures. See (Nasdaq:LDSH).
• Haynes International Inc. gapped lower and tumbled 18% as the nickel and cobalt manufacturer took a hit after releasing quarterly results. See (Nasdaq:HAYN).
• Zoltek falls 12% in pre-market after reporting first-quarter results. See (Nasdaq:ZOLT).
• Cubist Plans to commence patent infringement litigation against Teva Parenteral Medicines in response to ANDA filing. Shares of CBST drop 14.4% in pre-market. See (Nasdaq:CBST).
Other Market Watch highlights today included:
• Asian stocks were mixed, with China shares finding support as inflation data eased and supported hopes for a rate cut out of the central bank.
• Energy shares gathered some support from a rally in crude oil prices, which climbed about $1.60 a barrel.
• The wholesale inventories report came in at minus 1.4%, which was a bigger drop than forecast.
• Bank stocks were lower to start things today, but have been in rally mode lately in anticipation of the bailout news.
Small Cap Gainers:
• Skilled Healthcare Group Inc. gapped higher and was up 16%, receiving an earnings-related boost. See (NYSE:SKH).
• SuccessFactors Inc. climbed 11% as the management solutions software firm reported earnings. See (Nasdaq:SFSF).
• Flamel Technologies SA rose 9% as the French biopharma firm climbed to the highest level since early December without any apparent fresh news behind the move. See (Nasdaq:FLML).
• GT Solar rises over 6% in pre-market after reporting results for fiscal year 2009 third quarter. See (Nasdaq:SOLR).
Small Cap Losers:
• Ladish Co. fell 17% as the aerospace metals component maker also had an adverse reaction to quarterly figures. See (Nasdaq:LDSH).
• Haynes International Inc. gapped lower and tumbled 18% as the nickel and cobalt manufacturer took a hit after releasing quarterly results. See (Nasdaq:HAYN).
• Zoltek falls 12% in pre-market after reporting first-quarter results. See (Nasdaq:ZOLT).
• Cubist Plans to commence patent infringement litigation against Teva Parenteral Medicines in response to ANDA filing. Shares of CBST drop 14.4% in pre-market. See (Nasdaq:CBST).
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