Small-cap stocks pushing upwards; ULTR, SENEA, and OMGI lead gainers
Small-cap stocks pushed modestly higher on the opening, and were still holding in positive territory after a dreadful manufacturing report slashed away gains in large-cap index products. Today’s small-cap gainers are Ultrapetrol Limited (Nasdaq:ULTR), Seneca Foods Corp. (Nasdaq:SENEA) and Orion Marine Group Inc. (NYSE:OMGI).
Other Market Watch highlights today included:
• Now that ISM is out of the way, focus will return to debate about the U.S. elections. Since 1900, the stock market has averaged a gain of nearly 10% in the 12 months following a Democrat transition into the White House.
• The ISM Manufacturing Survey came in at 38.9%, which was below the forecast of 42% and marked the lowest manufacturing activity index in 26 years.
• Small-cap stocks pushed modestly higher on the opening, and were still holding in positive territory after a dreadful manufacturing report slashed away gains in large-cap index products.
• The ISM figure is expected to come in at 42%, well below the 50% line that indicates contraction.
• Heavy week for economic data risk: things kick off at 10:00 a.m. ET today with the ISM Manufacturing Survey and finish with a flourish Friday morning with the big employment report.
Small Cap Gainers:
• Ultrapetrol Limited is up almost 50% in pre-market ahead of its Q3 earnings release next week. See (Nasdaq:ULTR).
• Seneca Foods Corp. is up 25%, gapping higher on light volume. See (Nasdaq:SENEA).
• Orion Marine Group Inc. jumped 24.9%. See (Nasdaq:OMGI).
• Safe Bulkers Inc. is up 12.8%, climbing above the 20-day moving average for the first time since early September. See (NYSE:SB).
• SourceForge gaining 8.5% in pre-market, guides in line, sets stock buyback. See (Nasdaq:LNUX).
Small Cap Losers:
• AtriCure Inc. is tumbling 43% on news that the firm is under investigation by the Department of Justice for potential false claims on the company’s surgical devices. See (Nasdaq:ATRC).
• Ness Technologies profit rises 121%; shares down 5% in pre-market. See (Nasdaq:NSTC).
• Phoenix Companies down 12% as it slips to a loss in Q3. See (NYSE:PNX).
• GMAC's bonds tumble after plan to exchange debt, shares dive over 10%. See (NYSE:GMA).
Other Market Watch highlights today included:
• Now that ISM is out of the way, focus will return to debate about the U.S. elections. Since 1900, the stock market has averaged a gain of nearly 10% in the 12 months following a Democrat transition into the White House.
• The ISM Manufacturing Survey came in at 38.9%, which was below the forecast of 42% and marked the lowest manufacturing activity index in 26 years.
• Small-cap stocks pushed modestly higher on the opening, and were still holding in positive territory after a dreadful manufacturing report slashed away gains in large-cap index products.
• The ISM figure is expected to come in at 42%, well below the 50% line that indicates contraction.
• Heavy week for economic data risk: things kick off at 10:00 a.m. ET today with the ISM Manufacturing Survey and finish with a flourish Friday morning with the big employment report.
Small Cap Gainers:
• Ultrapetrol Limited is up almost 50% in pre-market ahead of its Q3 earnings release next week. See (Nasdaq:ULTR).
• Seneca Foods Corp. is up 25%, gapping higher on light volume. See (Nasdaq:SENEA).
• Orion Marine Group Inc. jumped 24.9%. See (Nasdaq:OMGI).
• Safe Bulkers Inc. is up 12.8%, climbing above the 20-day moving average for the first time since early September. See (NYSE:SB).
• SourceForge gaining 8.5% in pre-market, guides in line, sets stock buyback. See (Nasdaq:LNUX).
Small Cap Losers:
• AtriCure Inc. is tumbling 43% on news that the firm is under investigation by the Department of Justice for potential false claims on the company’s surgical devices. See (Nasdaq:ATRC).
• Ness Technologies profit rises 121%; shares down 5% in pre-market. See (Nasdaq:NSTC).
• Phoenix Companies down 12% as it slips to a loss in Q3. See (NYSE:PNX).
• GMAC's bonds tumble after plan to exchange debt, shares dive over 10%. See (NYSE:GMA).
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