Tag - NYSE:ZNH

Biocryst Pharmaceuticals Inc. (Nasdaq:BCRX), Geron Corp. (Nasdaq:GERN) and China Southern Airlines (Nasdaq:ZNH) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Protalix BioTherapeutics Inc. (Nasdaq:PLX), Hi-Tech Pharmacal Inc. (Nasdaq:HITK), CNinsure Inc. (Nasdaq:CISG), Salix Pharmaceuticals Ltd. (Nasdaq:SLXP), Jinpan International Ltd. (Nasdaq:JST) and Mellanox Technologies Ltd. (Nasdaq:MLNX).

Orient Express Hotels Ltd. (Nasdaq:OEH), Greenbrier Companies Inc. (Nasdaq:GBX) and UAL Corp. (Nasdaq:UAUA) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results:Graham Corp. (Nasdaq:GHM), M I Homes Inc. (Nasdaq:MHO), Heartland Financial USA Inc. (Nasdaq:HTLF), XenoPort Inc. (Nasdaq:XNPT) and Central Pacific Financial Corp. (Nasdaq:CPF).

China East Air Depository Receipt (Nasdaq:CEA), Florida Public Utilities Co. (Nasdaq:FPU) and Imergent Inc. (Nasdaq:IIG) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Providence Service Corp. (Nasdaq:PRSC), China Southern Airlines (Nasdaq:ZNH), Frisch's Restaurants Inc. (Nasdaq:FRS), Hi-Tech Pharmacal Inc. (Nasdaq:HITK), Zion Oil and Gas Inc. (Nasdaq:ZN) and MSB Financial Corp. (Nasdaq:MSBF).

A bleak picture of the nation’s employment picture sparked a solid opening decline for small-cap stocks. Bearish momentum was furthered by a batch of weak profit reports and outlooks for various companies, but another firm tone in commodities offered up support. Some of today’s small-cap gainers are China Eastern Airlines Corp. Ltd. (NYSE:CEA), China Southern Airlines Co. Ltd. (NYSE:ZNH) and Amylin Pharmaceuticals (Nasdaq:AMLN).

Other Market Watch highlights today included:

• The International Trade report also came out this morning and the deficit widened to $57.19 billion, well above the forecast for a deficit of $53.5 billion.  
• The number of continuing claims, which tracks people who are out of work and just can’t a job, rose to 4.429M, above the 4.1M forecast  
• Energy stocks were a dominant force on Wed.'s rally, will be closely watched today to see if commodities can carry the bullish banner again.  
• The unemployment figure marked not just a high for the current economic crisis, but was the biggest number in 26 years. 

Small Cap Gainers:

• China Eastern Airlines Corp. Ltd. soared 56% after the Chinese government served up an aid plan for airlines. See (NYSE:CEA).  
• China Southern Airlines Co. Ltd. is up 33% on Chinese government aid news. See (NYSE:ZNH).   
• Amylin Pharmaceuticals up 11.11% in pre-market after reaffirming plans for Exenatide Once Weekly NDA submission by end of first half of 2009. See (Nasdaq:AMLN). 
• Silver Standard up 8% in pre-market after it reports successful follow-up diamond drilling at Maverick Springs. See (Nasdaq:SSRI). 

Small Cap Losers:

• Gildan Activewear Inc. collapsed 43% as the sports apparel maker badly missed profit expectations. See (NYSE:GIL).  
• Pain Therapeutics gapped lower and shed 25% as the FDA turned down the firm’s experimental pain killer drug. See (Nasdaq:PTIE).  
• Infinity Pharmaceuticals Inc. fell 19% on news that AstraZeneca decided to ditch two of Infinity’s experimental cancer drugs. See (Nasdaq:INFI).
• Retailer lululemon Athletica Inc. releases Q4 results, guides below estimates. Shares fall 18% in pre-market. See (Nasdaq:LULU).

 

A bleak picture of the nation’s employment picture sparked a solid opening decline for small-cap stocks. Bearish momentum was furthered by a batch of weak profit reports and outlooks for various companies, but another firm tone in commodities offered up support. At 9:57 a.m. ET, the Russell 2000 (NYSE:IWM) was down 4.03, or 0.85%, at 472.37.

The weekly unemployment claims report headline figure came in at 573,000, which swamped the forecast of 525,000 and which was a cycle high so far in the economic malaise. What’s more, it also marked the highest claims number in 26 years. Even more scary is that the number of continuing claims, which tracks people who are out of work and just can’t get a job, rose to 4.429 million, way above the 4.1 million forecast and the highest point since November 1974. It has been fashionable to rally on “bad” economic news lately amid ideas that the market will be forward looking and rally away from the lows long before the news bottoms out, but it is difficult to look past numbers as bad as today’s claims report – especially if you don’t see things getting better for some time to come.

“Although the labor force is much larger now that it was 25 years ago, the number of people actually covered by unemployment insurance has declined substantially,” Steven Wood, chief economist with Insight Economics, said in an email. “More importantly, the deterioration in initial claims, continuing claims, and the insured jobless rate has been as bad as they were during the 1981-1982 recession, which was the most severe in the post-World War II period. Although these data are not for the survey week, they suggest another substantial decline in payroll employment and another jump in the unemployment rate for December.”

The International Trade report also came out this morning and the deficit widened to $57.19 billion, well above the forecast for a deficit of $53.5 billion. The U.S. dollar extended overnight losses against the euro after the report, with the . . .

Isramco Inc. (Nasdaq:ISRL), First Security Group Inc. (Nasdaq:FSGI) and China Southern Airlines ADR  (Nasdaq:ZNH) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Cheviot Financial Corp. (Nasdaq:CHEV), Peoples Bancorp of North Carolina Inc. (Nasdaq:PEBK), G-III Apparel Group Ltd. (Nasdaq:GIII), Mesa Laboratories Inc. (Nasdaq:MLAB), Young Innovations Inc. (Nasdaq:YDNT) and China Biotics Inc. (Nasdaq:CHBT).

Small-cap stocks pushed higher into mid-session, supported by gains in airlines, retailers and energy stocks. Small-caps were firm relative to large-cap stocks which were pulled down by big financials and tech companies. At 12:45 p.m. ET, the Russell 2000 (NYSE:IWM) was up 3.64, or 0.80%, at 460.16.

The market was sharply divided today, with strong gains seen for several sectors, but big losses offsetting in other sectors, which had cumulative effect of keeping index movement relatively stable. Financial shares continue to be a drag on large-cap indices, with the Financial SPDR Fund off about 2%, with Bank of America (NYSE:BAC) and Well Fargo & Co. (NYSE:WFC) both down in the 2% range.

Among airline stocks, UAL Corp. (Nasdaq:UAUA) was up 7% while US Airways Group Inc. (NYSE:LCC) was up 5% and Continental Airlines Inc. (NYSE:CAL) was up 4%. Crude oil prices pulled higher amid talk of OPEC cuts and the hijacking of a big Saudi oil freighter, but the move was relatively tame and not enough to spook airline stocks. The U.S. dollar was down more than 1% against the euro, which also helped the tone in commodity stocks. General Motors Corp. (NYSE:GM) was up about 11% as the automaker continues to benefit from expectations that the U.S. government will extend a helping hand to carmakers.

The bearish story on the technology front today was supposed to be Dell Inc. (Nasdasq:DELL) following an analyst downgrade, but the PC-maker was actually up 1% at midday, so the woes in tech stocks were linked to other concerns.

Individual small caps in rally mode today included Targanta Therapeutics Corp. (Nasdaq:TARG), which jumped 34% on news that an FDA committee will review the firm’s new application for skin infections. CTS Corp. (NYSE:CTS) rallied 22% as the electronics manufacturing firm climbs out of the 52-week lows set during last week’s slide. China Southern Airlines Co. Ltd. (NYSE:ZNH) was up 16%, bolstered by reports that Chinese airlines will seek government assistance. Theravance . . .

Small-cap stocks opened higher, briefly slipped into negative territory, then climbed back to flat levels in the first 30 minutes of trading. Some pressure was linked to disappointment over the lack of a big stimulus announcement out of the G-20 meeting, a decline in worldwide stocks overnight, and a mild rise in Libor rates. However, a better than expected result on industrial production helped limit the initial damage.  Today's biggest small-cap gainers are China Southern Airlines Co. Ltd. (NYSE:ZNH), Level 3  (Nasdaq:LVLT) and General Motors (NYSE:GM).

Other Market Watch highlights included:

• Energy and commodity stocks have been a big drag on the market in recent weeks, but are oversold.
• Crude oil prices rallied back into positive territory after being down about $1 a barrel earlier this morning.  
• Stock index futures bounced off the lows right before the opening when the industrial production report came in at plus 1.3%.  
• Small caps opened higher, briefly slipped into negative territory, then climbed back to flat levels in the first 30 minutes of trading.  
• The chart retains a bearish slant, is now trading on intraday charts between a double bottom off the recent lows, double top on highs.  

Small Cap Gainers:

• China Southern Airlines Co. Ltd. is up 12% on news that Chinese airlines were asking the government for aid to deal with rising costs and sinking demand. See (NYSE:ZNH).  
• Level 3 plans to raise up to $400M from offering; shares pop 9.2% in pre-market. See (Nasdaq:LVLT).
• General Motors to sell 3% stake in Suzuki for $230 Million, Financial Times Reports. GM Up 6% in pre-market. See (NYSE:GM).
• Vimicro International up 3% in pre-market after reporting Q3 results on Friday. See (Nasdaq:VIMC).  

Small Cap Losers:

• Dryships Inc. treads 2.85% lower in pre-market; shares have dropped about 90% within the last 52 weeks. See (Nasdaq:DRYS).
• United Therapeutics down 30% in pre-market after oral PAH drug fails trial. See (Nasdaq:UTHR).  
• Retalix Ltd. tumbled 28% as the retail software distributor reported earnings. See (Nasdaq:RLTX).  
• A-Power Energy Generation Systems down 12% in pre-market on very light volume. See (Nasdaq:APWR).
• Canadian Solar down nearly 7% in pre-market after Collins Stewart downgraded the solar cell manufacturer to "hold" on Friday. See (Nasdaq:CSIQ).  

Small-cap stocks opened higher, briefly slipped into negative territory, then climbed back to flat levels in the first 30 minutes of trading. Some pressure was linked to disappointment over the lack of a big stimulus announcement out of the G-20 meeting, a decline in worldwide stocks overnight, and a mild rise in Libor rates. However, a better than expected result on industrial production helped limit the initial damage. At 9:58 a.m. ET, the Russell 2000 (NYSE:IWM) was up 0.66, or 0.15%, at 457.19.

The market tumbled to the lowest weekly close on Friday in more than five years, and global equities were modestly lower overnight, keeping the bearish frame of mind intact to start today’s action. Japan said that their economy slipped into an official recession, joining a similar designation out of the eurozone from late last week. This marks the first recession for Japan since 2001. Despite the news, Japan’s stock market was actually up overnight, rising by about 0.7%.

Stock index futures bounced off the lows right before the opening when the industrial production report came in at plus 1.3%, which was better than the forecast for a more tame rise of 0.2%. However, there were downward revisions to the history, which took some of the edge off the good news on production. Earlier this morning, the New York Manufacturing Survey also slightly beat the forecast, but was still at the lowest point in seven years. The big economic news now will be Tuesday’s inflation data on producer prices.

Crude oil prices rallied back into positive territory after being down about $1 a barrel earlier this morning. Energy and commodity stocks have been a big drag on the market in recent weeks, but are oversold. On the individual company front on energy, Warren Buffett increased his stake in ConocoPhillips (NYSE:COP), which could be a supportive psychological factor for not just COP, but other energy names if it stirs “copycat” action. So far, the Buffett fans weren’t that moved by the news; COP was down . . .

China East Air (Nasdaq:CEA), TechTarget Inc. (Nasdaq:TTGT) and Reddy Ice Holdings Inc. (Nasdaq:FRZ) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.   

Also included among the results: China Cablecom Holdings (Nasdaq:CABL), Gilat Satellite Networks Ltd. (Nasdaq:GILT), Nashua Corp. (Nasdaq:NSHA), China Southern Airlines (Nasdaq:ZNH), CFS Bancorp Inc. (Nasdaq:CITZ) and Global Partners LP (Nasdaq:GLP).   

Here are the new 52-week lows among small caps:   

Comverge Inc (Nasdaq:COMV), China East Air Depository Receipt (Nasdaq:CEA) and China Southern Airlines ADR Each representing 50 H Ord Shs (Nasdaq:ZNH) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.           

Also included among the results: Horsehead Holding Corp (Nasdaq:ZINC), CryptoLogic Ltd (Nasdaq:CRYP), Physicians Formula Holdings Inc (Nasdaq:FACE), Jeffersonville Bancorp (Nasdaq:JFBC), Strattec Security Corp (Nasdaq:STRT) and Greater China Fund Inc (Nasdaq:GCH).  

Here are the new 52-week lows among small caps:     

China East Air Depository Receipt (Nasdaq:CEA), Britannia Bulk Holdings Inc (Nasdaq:DWT) and China Southern Airlines (Nasdaq:ZNH) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.      

Also included among the results: Guidance Software Inc. (Nasdaq:GUID), FPB Bancorp Inc. (Nasdaq:FPBI), LNB Bancorp Inc. (Nasdaq:LNBB), First Keystone Financial Inc. (Nasdaq:FKFS), CryptoLogic Ltd. (Nasdaq:CRYP) and Strattec Security Corp. (Nasdaq:STRT).         

Here are the new 52-week lows among small caps: