Tag - CTS

Superior Well Services Inc. (Nasdaq:SWSI), Petroleum Development Corp.(Nasdaq:PETD) and WNS Holdings Ltd. (Nasdaq:WNS) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: ATP Oil & Gas Corporation (Nasdaq:ATPG), Smith & Wesson Holding Corp.(Nasdaq:SWHC), Dycom Industries Inc.(Nasdaq:DY), BPZ Resources Inc.(Nasdaq:BPZ), Layne Christensen Co.(Nasdaq:LAYN) and CTS Corp.(Nasdaq:CTS).

POZEN Inc. (Nasdaq:POZN), OSI Systems Inc. (Nasdaq:OSIS) and CTS Corp. (Nasdaq:CTS) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: BroadVision Inc. (Nasdaq:BVSN), Virtusa Corp. (Nasdaq:VRTU), Synta Pharmaceuticals Corp. (Nasdaq:SNTA), Old Dominion Freight Line Inc. (Nasdaq:ODFL), United Community Bancorp (Nasdaq:UCBA) and Clinical Data Inc. (Nasdaq:CLDA).

Just when it looked like the Russell 2000 (NYSE:IWM) would close out Monday with a small gain, the index tipped into the red ahead of the bell on slumping financial stocks and concerns about the economy. Today’s small-cap gainers are Targanta Therapeutics (Nasdaq:TARG), CTS Corp. (NYSE:CTS) and PHH Corp. (NYSE:PHH).

Other Market Watch highlights today included:

• The NY Manufacturing Survey came in at -25.4, better than the forecast for -26.1. Still, it was the worst showing on record.
• Libor rates edged slightly higher overnight and have been correcting up slightly after going down every day for a month.
• 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.
• Crude oil prices had an up and down day, but eventually succumbed to the economic fears and shed $2.09 a barrel, or 3.6% on the day. 
• Philly Fed says U.S. has been in a recession since spring, it will last 14 months, making it the most prolonged growth drought since the Great Depression.

Small Cap Gainers:

• Targanta Therapeutics Corp. (Nasdaq:TARG) rallied 36% on unusually heavy volume on news that the FDA will review an application for a skin infection drug made by the firm.
• CTS Corp. (NYSE:CTS) rose 18% as the electronics manufacturing supplier continued to rally off 52-week lows forged last week.
• PHH Corp. (NYSE:PHH) rose 17% as the financial services firm also tries to . . .

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 . . .

CTS Corp. (Nasdaq:CTS), Theravance Inc. (Nasdaq:THRX) and Texas Industries Inc. (Nasdaq:TXI) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Commonwealth Bankshares Inc. (Nasdaq:CWBS), ATA Inc. (Nasdaq:ATAI), China East Air Depository Receipt (Nasdaq:CEA), Blyth Inc. (Nasdaq:BTH), Mentor Corp. (Nasdaq:MNT) and PHH Corp. (Nasdaq:PHH).

Small caps closed up nearly 2%, embracing the Fed’s rate cut, a thaw in credit markets and a bounce in commodity-tied stocks. Today’s small-cap gainers are Savient Pharmaceuticals (Nasdaq:SVNT), Savvis (Nasdaq:SVVS) and Hercules Offshore (Nasdaq:HERO).

Other Market Watch highlights today included:

• The rate cut by the Fed coincides with global easing; just last night, central bank officials in China cut rates by 0.27% and European leaders hinted that further rate cuts are possible. 
• It’s possible that the bulls were corralled a little bit today, leery to take a big bullish stand ahead of Thursday’s GDP report.
• Commodities were a key part of the story today, which may explain some of the relative strength in small caps, which have shown a tendency to more closely track commodity trends in recent weeks.
• Crude oil prices jumped some 9%, or more than $5 a barrel, bolstered by oversold conditions and a slide in the U.S. dollar, which tumbled some 1.4% against the euro.
• Copper has soared some 14%, which is particularly interesting because copper is often seen as a proxy for economic activity around the globe. Copper has collapsed in recent weeks, but a stabilization in that market would be a positive sign for the global economy.

Small Cap Gainers:

• BioMimetic Therapeutics reports promising clinical results using injectable bone graft. Shares close up 21%. See (Nasdaq:BMTI).  
• Tessera Technologies shares surged 30% after arbitration ruling. See (Nasdaq:TSRA).  
• Savient Pharmaceuticals announces data in treatment-failure gout . . .

Atlas Pipeline Holdings L. P (Nasdaq:AHD), VistaPrint Ltd. (Nasdaq:VPRT) and CTS Corp. (Nasdaq:CTS) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Clean Energy Fuels Corp. (Nasdaq:CLNE), ECB Bancorp Inc. (Nasdaq:ECBE), Wright Express Corp. (Nasdaq:WXS), Williams-Sonoma Inc. (Nasdaq:WSM), Bruker Corp. (Nasdaq:BRKR) and Oceanfreight Inc. (Nasdaq:OCNF).

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

Small caps continue to trade sideways ahead of the Federal Reserve’s decision due out at 2:15 p.m. Today’s small-cap gainers are Spectra Pharma (Nasdaq:SPPI), Denny's (Nasdaq:DENN) and  Arena Resources (NYSE:ARD).

Other Market Watch highlights today included:

• Part of the rally in commodities was tied to a pullback in the U.S. dollar, as higher dollar values can hinder demand for goods priced in dollar terms.  
• Also on the commodities front, copper was sharply higher, sugar and coffee were up, grains were called sharply higher, and gold and silver were up overnight.
• Energy shares were a big part of Wednesday’s epic stock market rally and could be a firm element in play again today.  
• Crude oil futures were in rally mode this morning, climbing some $4 a barrel on hopes that all these global rate cuts would bolster demand and put a foundation on sinking prices.  
• Small-cap stocks chopped back and forth near steady levels in a relatively calm open, in anticipation of the upcoming FOMC news.

Small Cap Gainers:

• Spectrum Pharma soars after announcing collaboration with Allergan on drug for non-muscle invasive bladder cancer. See (Nasdaq:SPPI). 
• Denny's has vaulted 32% after being upgraded by a Merriman Curhan Ford to buy from neutral on good cost management in Q3  (Nasdaq:DENN) 
• Arena Resources gains after stating it will cut its cap-EX budget by 23% in 2008. See (NYSE:ARD).
• State Bancorp misses on Q3 earnings, yet shares are marginally higher. See (Nasdaq:STBC).


Small Cap Losers:

• Wright Express substantially lowers Q4 and full year guidance below the Street on fuel-price-related derivatives. See (NYSE:WXS).  
• CTS Corp. posts lower Q3 EPS, but EPS still beat the Street. Revenues declined from last year and missed estimates. See (NYSE:CTS).  
• KeyBanc Capital and Needham downgrade Ultimate Software to hold from buy. See (Nasdaq:ULTI).  
• VistaPrint plunges after cutting 2009 outlook, ThinkPanmure cuts rating to accumulate from buy. See (Nasdaq:VPRT).  

CTS Corp. (Nasdaq:CTS), Wright Express Corp. (Nasdaq:WXS) and VistaPrint Ltd. (Nasdaq:VPRT) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Williams-Sonoma Inc. (Nasdaq:WSM), Atlas Pipeline Holdings L P (Nasdaq:AHD), Clean Energy Fuels Corp. (Nasdaq:CLNE), Ultimate Software Group Inc. (Nasdaq:ULTI), Vocus Inc. (Nasdaq:VOCS) and Stewart Information Services Corp. (Nasdaq:STC).

Here are the biggest percentage losers among small caps:

Small caps are trading in a narrow range between positive and negative territory following a 50 basis point cut in the fed funds rate. At 2:33 p.m. ET, the Russell 2000 (NYSE:IWM) was up 1.64, or 0.34%, at 484.38.

The Federal Reserve concluded its two day federal open market committee meeting today with a widely expected 50-basis-point cut in the federal funds rate.

The Fed’s cut comes on the heels of a 0.27% rate cut in China. In Europe, the European Central Bank hinted that rate cuts are possible in the near-term. Rate cuts globally would help thaw the still tight credit markets around the world, easing the flow of credit.

Libor slipped for the 13th consecutive trading day, and commercial paper activity picked up dramatically following the Fed’s new program to purchase commercial paper. Evidence that the credit markets are showing signs of marginally loosening boosted the U.S. markets Tuesday and pushed overseas markets higher today.

In economic news, durable goods orders clocked in above expectations, with a gain of 0.8%, compared with the forecast for a drop of 1.1%. However, the favorable surprise couldn’t boost the market, as traders remain cautious on the dreary economic outlook...

Small-cap stocks chopped back and forth near steady levels in a relatively calm open, as support from gains in equity markets around the world were countered by mild profit-taking from short-term traders who caught the rally from Tuesday afternoon and weren’t willing to hold that risk through the big FOMC event later today. Today’s small-cap gainers are Silicon Labs (Nasdaq:SLAB), Savvis Inc. (Nasdaq:SVVS) and Odyessey HealthCare Inc. (Nasdaq:ODSY).

Other Market Watch highlights today included:

• Part of the rally in commodities was tied to a pullback in the U.S. dollar, as higher dollar values can hinder demand for goods priced in dollar terms.  
• Also on the commodities front, copper was sharply higher, sugar and coffee were up, grains were called sharply higher, and gold and silver were up overnight.
• Energy shares were a big part of Wednesday’s epic stock market rally and could be a firm element in play again today.  
• Crude oil futures were in rally mode this morning, climbing some $4 a barrel on hopes that all these global rate cuts would bolster demand and put a foundation on sinking prices.  
• Small-cap stocks chopped back and forth near steady levels in a relatively calm open, in anticipation of the upcoming FOMC news.

Small Cap Gainers:

• Silicon Labs said Q3 revenue rose 29%, but was a shade lower than the Street. EPS jumped 50% and clocked in above Street. (Nasdaq:SLAB).  
• SAVVIS Inc. jumped 26% as the IT infrastructure services provider reported a 15% rise in revenue and a net loss of $0.01 a share. See (Nasdaq:SVVS).  
• Odyessey HealthCare Inc. is up 24% as net patient service revenue jumped 65%. See (Nasdaq:ODSY).
• ClickSoftware reports global reseller agreement with SAP, up 10%. See (Nasdaq:CKSW).

Small Cap Losers:

• Wright Express substantially lowers Q4 and full year guidance below the Street on fuel-price-related derivatives. See (NYSE:WXS).  
• CTS Corp. posts lower Q3 EPS, but EPS still beat the Street. Revenues declined from last year and missed estimates. See (NYSE:CTS).  
• KeyBanc Capital and Needham downgrade Ultimate Software to hold from buy. See (Nasdaq:ULTI).  
• VistaPrint plunges after cutting 2009 outlook, ThinkPanmure cuts rating to accumulate from buy. See (Nasdaq:VPRT).  

CTS Corp. (NYSE:CTS) is down in after-hours trading after the maker of electronic components reported second-quarter earnings of $10 million, or $0.27 per share, up 69% from $5.9 million, or $0.15 per share, a year earlier. Wall Street analysts expected earnings of $0.20 per share.

The Elkhart, Ind.-based company’s net sales jumped to $186.1 million versus $169.6 million a year ago. The sales results also beat Wall Street’s estimate, which was $180.8 million.

The Russell 2000 small cap index has lost more than 1% as investors worry that a rise in home sales dims the outlook for future interest rate cuts.  At 14:36 p.m. ET the Russell 2000 had dropped 11.62 points, or 1.39%, to 824.92.  The Dow Jones Industrial Average was down 47.06 points, or 0.35%, to 13,478.59.

These are the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million: