Russell keeps it steady Wednesday morning; RSYS, EGLE, and GNK lead gainers
Small-cap stocks hovered near steady levels in early trading, with pressure from weak corporate profit news countered by bargain hunting, overseas gains and a private employment report that wasn’t as bad as feared. Some of today’s small-cap gainers were RadiSys Corp. (Nasdaq:RSYS), Eagle Bulk Shipping Inc. (Nasdaq:EGLE) and Genco Shipping & Trading Ltd. (NYSE:GNK).
Other Market Watch highlights today included:
• In overnight trading, commodity and mining stocks were on the defensive, possibly reflecting a nice rally in the U.S. dollar, which was up 1.4% against the euro this morning.
• Crude oil prices were up modestly into the stock market open, pulled higher by talk of further production cuts out of OPEC.
• Tech stocks, electronics makers and auto stocks were among the better performers in Asian trading overnight
• In overseas trading, European shares pushed higher despite disappointing December retail sales.
Small Cap Gainers:
• RadiSys Corp. gapped higher and jumped 23% as the communications networking firm got an earnings boost. See (Nasdaq:RSYS).
• Bulk shippers were the percentage mover boards today; Eagle Bulk Shipping Inc. was up nearly 15%, Genco Shipping & Trading Ltd. was up 11%. See (Nasdaq:EGLE) and (NYSE:GNK).
• Riverbed Technology Q4 profit beats Street; shares rise over 14% in pre-market. See (Nasdaq:RVBD).
• Illumina Q4 results beats Street, strong Q1, 2009 view. Shares climb 13% in pre-market. See (Nasdaq:ILMN).
Small Cap Losers:
• Small-cap chip designer Rambus Inc. fell some 20% in extended trading Tuesday on news that a judge postponed a patent trial dispute. See (Nasdaq:RMBS).
• Littlefuse Inc. gapped lower and was off 13% as the industrial component maker took an earnings-related hit. See (Nasdaq:LFUS).
• Computer network company Jack Henry & Associates posts 4% Q2 decline, sending shares down 10% in pre-market. See (Nasdaq:JKHY).
Other Market Watch highlights today included:
• In overnight trading, commodity and mining stocks were on the defensive, possibly reflecting a nice rally in the U.S. dollar, which was up 1.4% against the euro this morning.
• Crude oil prices were up modestly into the stock market open, pulled higher by talk of further production cuts out of OPEC.
• Tech stocks, electronics makers and auto stocks were among the better performers in Asian trading overnight
• In overseas trading, European shares pushed higher despite disappointing December retail sales.
Small Cap Gainers:
• RadiSys Corp. gapped higher and jumped 23% as the communications networking firm got an earnings boost. See (Nasdaq:RSYS).
• Bulk shippers were the percentage mover boards today; Eagle Bulk Shipping Inc. was up nearly 15%, Genco Shipping & Trading Ltd. was up 11%. See (Nasdaq:EGLE) and (NYSE:GNK).
• Riverbed Technology Q4 profit beats Street; shares rise over 14% in pre-market. See (Nasdaq:RVBD).
• Illumina Q4 results beats Street, strong Q1, 2009 view. Shares climb 13% in pre-market. See (Nasdaq:ILMN).
Small Cap Losers:
• Small-cap chip designer Rambus Inc. fell some 20% in extended trading Tuesday on news that a judge postponed a patent trial dispute. See (Nasdaq:RMBS).
• Littlefuse Inc. gapped lower and was off 13% as the industrial component maker took an earnings-related hit. See (Nasdaq:LFUS).
• Computer network company Jack Henry & Associates posts 4% Q2 decline, sending shares down 10% in pre-market. See (Nasdaq:JKHY).
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