Tag - SFLY

Bare Escentuals Inc. (Nasdaq:BARE), Diedrich Coffee Inc. (Nasdaq:DDRX) and Skechers USA Inc. (Nasdaq:SKX) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Clearwater Paper Corp. (Nasdaq:CLW), OfficeMax Inc. (Nasdaq:OMX), Interface Inc. (Nasdaq:IFSIA), HUGHES Telematics Inc. (Nasdaq:HTC), American Commercial Lines Inc. (Nasdaq:ACLI) and Shutterfly Inc. (Nasdaq:SFLY).

The Russell 2000 (NYSE:IWM) pushed higher Thursday, boosted by talk that the Obama stimulus plan . . .

Small-cap stocks pushed higher Thursday, boosted by talk that the Obama stimulus plan and his measures to help banks could include a provision to suspend the “mark-to-market” accounting provision that many say hurts financial balance sheets. In addition, tech stocks and retailer shares showed surprising strength that allowed the market to look past sobering economic data on the employment and factory orders front. The tech-laden Nasdaq 100 Index rose 2.4% on the day, while the Russell 2000 (NYSE:IWM) closed up 6.60, or 1.47%, at 455.08 and is now down 8.8% for the year. Meanwhile, the Dow is off 8.1% for the 2009, while the S&P 500 is down 6.3%.

Critics of the mark-to-market accounting procedure say that it forces firms to write-down losses on unrealized assets, which in turn bloodies the bottom line prematurely. However, proponents of the accounting process say it helps avert disasters like the Enron debacle. President Obama is slated to hold a press conference Monday evening to rollout his stimulus plan to the world in an effort to build momentum to get the $800 billion package pushed through a divided political landscape.

It was encouraging to see the stock market grind out a positive session today, especially in the face of disheartening data on weekly unemployment claims and slumping factory orders. The claims report came in at 626,000, which was way above the projected figure and also at 26-year highs. What’s more, the number of Americans forced to file for continuing unemployment benefits rose to 4.78 million, the highest number in history. Having a record number of people on the unemployment rolls the day before the monthly Labor Department employment report seemed quite daunting this morning, but the market quickly embraced the accounting talk and looked past the data.

Also on the economic front, the factory orders report tumbled 3.9%, . . .

Dynamics Research Corp. (Nasdaq:DRCO), Badger Meter Inc. (Nasdaq:BMI) and Citi Trends Inc. (Nasdaq:CTRN) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: RightNow Technologies Inc. (Nasdaq:RNOW), Cubic Corp (Nasdaq:CUB), EnerSys (Nasdaq:ENS), Horace Mann Educators Corp. (Nasdaq:HMN), MedCath Corp. (Nasdaq:MDTH) and Shutterfly Inc. (Nasdaq:SFLY).

Complete Production Services Inc. (Nasdaq:CPX), Gladstone Commercial (Nasdaq:GOODO) and Shutterfly Inc. (Nasdaq:SFLY) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: SI Financial Group Inc. (Nasdaq:SIFI), Oritani Financial Corp. (Nasdaq:ORIT), Evercore Partners Inc. (Nasdaq:EVR), First Defiance Financial Corp. (Nasdaq:FDEF), Green Bankshares Inc. (Nasdaq:GRNB) and Cytec Industries Inc. (Nasdaq:CYT).

Harris Stratex Networks Inc (Nasdaq:HSTX), Deluxe Corp (Nasdaq:DLX) and CryptoLogic Ltd (Nasdaq:CRYP) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: AuthenTec Inc (Nasdaq:AUTH), Shutterfly Inc (Nasdaq:SFLY), Stratasys Inc (Nasdaq:SSYS), Rubicon Technology Inc (Nasdaq:RBCN), Online Resources Corp (Nasdaq:ORCC) and Ohio Valley Banc Corp (Nasdaq:OVBC).

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

Kosan Biosciences Inc (Nasdaq:KOSN), Ultralife Batteries Inc (Nasdaq:ULBI) and Community Central Bank Corp (Nasdaq:CCBD) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.

Elizabeth Arden Inc (Nasdaq:RDEN), Shutterfly Inc (Nasdaq:SFLY) and Medifast Inc (Nasdaq:MED) are also among the biggest percentage gainers.

Here are the biggest percentage gainers among small caps:

Small-cap stocks shot higher Thursday, lifted by a strong performance for the U.S. dollar, sinking energy prices and renewed enthusiasm for technology and retail shares. At the close, the Russell 2000 (NYSE:IWM) rose 13.57, or 1.89%, to 729.75, the highest daily close since Feb. 3, the second-highest close since Jan. 3, and the fourth-highest close of the year.

The greenback climbed to the highest point against the euro since March 25, and was flirting with the highest daily close versus the yen since late February. A recovery in the dollar would suggest that the U.S. economy may have endured the worst of the slowdown, and would also increase purchasing power of foreign goods. There is also some thought that a resurgence in the dollar could trigger a massive unwinding of short dollar/long energy plays that could ignite a wave of buyers back into equities.

Clearly, the energy market was a source of enthusiasm for stock market bulls Thursday, as crude oil prices slumped to 112.55, down nearly 6% from the peak seen earlier this week as rising inventory and a strong dollar take a toll on crude values. Within the energy sector, investors were chilly to earnings from group leader Exxon Mobil Corp. (NYSE:XON), whose shares slipped about 3.4%.

Within broad market sectors, pretty much anything tied to energy or commodities was soft; with gas, oil and gold shares all down. Big losses were also seen in metals and mining stocks, which were off almost 5%. On the plus side, education services . . .

Pharmanet Dev Group (Nasdaq:PDGI), FGX International Holdings Ltd. (Nasdaq:FGXI) and Gentiva Health Services (Nasdaq:GTIV) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $750 million.

Elizabeth Arden (Nasdaq:RDEN), Faro Technologies Inc. (Nasdaq:FARO) and ShutterFly, Inc. (Nasdaq:SFLY) are also among the top small-cap percentage losers.

Here are Thursday's biggest percentage losers among small caps:

Small-cap shares pushed higher after a soft opening, lifted by a firm U.S. dollar and ideas that Wednesday afternoon’s dramatic downturn after the rate cut announcement may have been overdone. At 10:02 a.m. ET, the Russell 2000 (NYSE:IWM) was up 2.82, or 0.39%, at 719.00.

The ISM Manufacturing Survey — released at 10:00 a.m. ET — came in at 48.6%, which was up just slightly from the forecast at 48.0% . The market was little changed immediately after the report. The Construction Spending report also came out in tandem with ISM, and was down 1.1%, which was below the forecast for a loss of 0.6%.

Weekly Claims data this morning came out before the opening, and showed a jump to 380,000, which was above the forecast. The rise in jobless claims keeps concern about the economy and the employment picture on the front burner ahead of Friday’s big monthly jobs report. Given relatively soft price action since FOMC, investors appear to be in the mood to either book profits on winning longs ahead of that jobs event risk, or else sit on the sidelines and wait for the number before diving back into the fray.

The dollar was on a charge this morning, jumping well over 100 bps, or nearly 0.9%, versus the euro to the highest point since late March. Crude oil was down . . .

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

• Volcom, Inc. (Nasdaq:VLCM), up 17% after the clothing retailer reported unexpectedly strong first-quarter results after Wednesday’s close that beat the consensus on Wall Street and raised its full year guidance.
• O2Micro International Ltd. (Nasdaq:OIIM), up 13% after the supplier of power management and security components posted first-quarter earnings after Wednesday’s close that beat the Street by 200%.
• Converted Organics Inc. (Nasdaq:COIN) up 10%.

Biggest percentage losers:

• PharmaNet Development Group, Inc. (Nasdaq: PDGI), down 30% after reporting ghastly first-quarter results and lowering its full year guidance. The firm swung to a net loss, while Wall Street was expecting a net profit of $0.30 per share.
• Shutterfly, Inc. (Nasdaq:SFLY), down 18%, after lowering second-quarter and full year guidance.
• ICT Group, Inc. (Nasdaq:ICTG), down 16%, after reporting a first-quarter net loss this morning that was a penny wider than analysts forecasted. The firm also issued second-quarter earnings guidance and full year guidance below the consensus on Wall Street. 

PharmaNet Development Group Inc. (Nasdaq:PDGI), Salix Pharmaceuticals, Ltd. (Nasdaq:SLXP) and Shutterfly, Inc. (Nasdaq:SFLY) are among the most actively traded companies in Thursday's pre-market trading among those with market capitalizations under $750 million.

Jos. A. Bank Clothiers, Inc. (Nasdaq:JOSB), CV Therapeutics, Inc. (Nasdaq:CVTX) and InterMune, Inc. (Nasdaq:ITMN) are also among the most actively traded small-cap companies in pre-market trading.

Here are the most actively traded small-cap companies in Thursday's pre-market trading:

The Russell 2000 (NYSE: IWM) slipped into negative territory while most of the other major U.S. indices remain in the green. At 2:32 p.m. ET, the small-cap index had lost 3.60 points, or 0.48%, to 749.95. The Dow Jones Industrial Average (INDU) was up 38.45 points, or 0.25%, to 13,082.41.

Small-cap stocks fell at about 1 p.m. ET, defying the modestly bullish mood that set over Wall Street following the release of jobs data.

A report by the Automatic Data Processing, Inc. (NYSE: ADP), a provider of business outsourcing solutions, showed that nonfarm private employment increased a more-than-expected 40,000 in December.

But there is still cause for concern, as the figure is about three times smaller than the monthly averages for the months of September through November.

Separately, the U.S. Labor Department reported that jobless claims for the week ended Dec. 29 fell 21,000 to 336,000 from the previous week’s upwardly revised total of 357,000.

The more stable four-week moving average was 343,750, a decrease of 750 from the previous week’s revised average of 344,500.

The Russell 2000 and the Dow snapped a three day losing streak, despite a rough start on news of a decline in orders for durable goods. The Russell 2000 added 12.33 points, or 1.49%, to finish at 838.46. The Dow Jones Industrial Average gained 90.07 points, or 0.68%, to 13,427.73.

Trading got off to a sour start on news that orders for durable goods fell 2.8% to $213.02 billion in May, according to the U.S. Commerce Department. Economists were forecasting a drop of 1.1%. Durable goods are goods intended to last at least three years.

However, investors became bullish in the early afternoon, as the yield on the U.S. government’s 10-year Treasury fell.

Wall Street is bullish this morning amid reports Microsoft Corp. is looking to acquire Yahoo! Inc. and despite news of slow U.S. job growth.  In small cap action, shares of Shutterfly, Inc. (Nasdaq: SFLY) got a lift on news of a narrowed quarterly loss, while Voxware, Inc. (Nasdaq: VOXW) regained listing compliance.

At 11:14 a.m. ET the Russell 2000 had added 2.60 points, or 0.31 percent, to 831.47.  The Dow Jones Industrial Average was up 30.06 points, or 0.23 percent, to 13,271.44.

Avanex Corp.’s (Nasdaq: AVNX) stock rose by $0.04, or 2.4%, to $1.69 in heavy trading today despite the Fremont, Calif.-based fiber-optic networking company predicting fiscal fourth-quarter revenue below analysts’ estimates. For the quarter ended March 31, Avenex reported a non-GAAP net loss of $3 million, or $0.01 per share, on revenue of $55.1 million. Looking ahead, Avanex estimated that it would see revenue in the range of $47 million and $52 million in the fourth quarter. Six analysts had estimated a net loss of $0.01 on revenue of $56 million for the fiscal third quarter, and earnings per share of $0.00 on revenue of $56.3 million for the fiscal fourth quarter.

Shares of Jones Soda Co. (Nasdaq: JSDA) plunged by $3.40, or 13.8%, to $21.72 in after-hours trading after the company posted disappointing first-quarter earnings and revenue. For the three-months ended March 31, Jones Soda posted earnings of $58,312, or $0.00 per share, on revenue of $9.2 million, compared with $2,542, or $0.00 per share, on revenue of $8.8 million in the prior-year quarter. Five analysts polled by Thomson First Call had estimated earnings per share of $0.03 on revenue of $13.2 million. The Seattle-based beverage distributor said it spent a lot of money during the quarter on investments in its infrastructure, primarily sales personnel, and increased compliance costs to support its aggressive expansion plans and several new promotional programs.