Tag - SWKS

Small-cap stocks took flight Friday, as investors gambled that a terrible report on employment would be just the tonic needed to ignite a decisive push forward on a bank bailout plan and an aggressive fiscal stimulus package. Some of today’s small-cap gainers were Omniture, Inc. (Nasdaq:OMTR), Skyworks Solutions (Nasdaq:SWKS) and TeleCommunication Systems Inc. (Nasdaq:TSYS).

Other Market Watch highlights today included:

• However, there were some thoughts that the dismal reading will simply prod lawmakers to be more aggressive in agreeing to a big stimulus package.  
• By any measure, the jobs report presented a bleak picture of the U.S. economy.  
• Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment.  
• The chart structure for the Russell 2000 has eased into a mini-trading range within the elongated extended trading range.

Small Cap Gainers:

• Business optimization software provider Omniture, Inc. is up 17% after reporting big revenue jumps in Q4 earnings Thursday. (See Nasdaq:OMTR)  
• Chip maker Skyworks Solutions is up 17% to $5.88 on stronger-than-expected Q1 earnings released after Thursday's close. (See Nasdaq:SWKS)  
• Wireless communications technology company TeleCommunication Systems Inc. is up 17.2% to $8.50 after reporting positive Q4 earnings late Thursday.(See Nasdaq:TSYS)
• Air freight company Atlas Air Worldwide Holdings Inc. is up nearly 13% to $15.04 after this morning announcing it will trim freighter fleet and cut staff. (See Nasdaq:AAWW)  

Small Cap Losers:

• Skechers USA Inc. is down 27% to $7.37 after an analyst downgrade. (See NYSE:SKX)
• Liquidity Services, Inc. is down 21.3% to $5.88 after a downgrade this morning by Oppenheimer. Liquidity operates an online auction marketplace for wholesale, surplus, and salvage assets. (See Nasdaq:LQDT)  
• Consultant SRA International Inc. is down 20% to $13.40 after issuing lowered guidance late Thursday. (See NYSE:SRX)  
• Convention- and event-marketing group Viad Corp. is down 14.8% to $18.12 after announcing before the opening that it swing to a Q4 loss. (See NYSE:VVI)

Small-cap stocks took flight Friday, as investors gambled that a terrible report on employment would be just the tonic needed to ignite a decisive push forward on a bank bailout plan and an aggressive fiscal stimulus package. The Russell 2000 (NYSE:IWM) gained 15.63, or 3.43% to 470.70, generating the third-best daily gain of the year. For 2009, the Russell is now down 5.8%, while the Dow is off 5.6% and the S&P 500 down 3.7%.

Although it might seem peculiar for the stock market to stage one of the best rallies of the year on a day in which the unemployment rate climbed to 16-year highs and amid news that January saw the largest amount of job losses in 34 years, investors decided that the worrisome news on the job front would light a fire under lawmakers to set aside partisan politics and quickly deliver a powerful stimulus package to jump-start the ailing economy. In addition, the market was already hoping for a bank bailout plan to be unveiled Monday, and now the need to help banks and spur lending seems even more pressing.

Treasury Secretary Timothy Geithner is slated to hold a press conference Monday at noon to discuss details on the plan to stabilize the financial system and President Obama named an advisory panel on Friday led by former Federal Reserve Chairman Paul Volcker to guide the rescue effort for the economy. Obama today said it was “inexcusable and irresponsible” for lawmakers to get bogged down, distracted or delay while millions of Americans were being put out of work...

Small-cap stocks extended the morning rally into mid-session, with battered bank and financial stocks leading the way amid hope for a bank bailout plan to be rolled out early next week. Some of today’s small-cap gainers were Omniture, Inc. (Nasdaq:OMTR), Skyworks Solutions (Nasdaq:SWKS) and TeleCommunication Systems Inc. (Nasdaq:TSYS).

Other Market Watch highlights today included:

• However, there were some thoughts that the dismal reading will simply prod lawmakers to be more aggressive in agreeing to a big stimulus package.  
• By any measure, the jobs report presented a bleak picture of the U.S. economy.  
• Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment.  
• The chart structure for the Russell 2000 has eased into a mini-trading range within the elongated extended trading range.

Small Cap Gainers:

• Business optimization software provider Omniture, Inc. is up 17% after reporting big revenue jumps in Q4 earnings Thursday. (See Nasdaq:OMTR)  
• Chip maker Skyworks Solutions is up 17% to $5.88 on stronger-than-expected Q1 earnings released after Thursday's close. (See Nasdaq:SWKS)  
• Wireless communications technology company TeleCommunication Systems Inc. is up 17.2% to $8.50 after reporting positive Q4 earnings late Thursday.(See Nasdaq:TSYS)
• Air freight company Atlas Air Worldwide Holdings Inc. is up nearly 13% to $15.04 after this morning announcing it will trim freighter fleet and cut staff. (See Nasdaq:AAWW)  

Small Cap Losers:

• Skechers USA Inc. is down 27% to $7.37 after an analyst downgrade. (See NYSE:SKX)
• Liquidity Services, Inc. is down 21.3% to $5.88 after a downgrade this morning by Oppenheimer. Liquidity operates an online auction marketplace for wholesale, surplus, and salvage assets. (See Nasdaq:LQDT)  
• Consultant SRA International Inc. is down 20% to $13.40 after issuing lowered guidance late Thursday. (See NYSE:SRX)  
• Convention- and event-marketing group Viad Corp. is down 14.8% to $18.12 after announcing before the opening that it swing to a Q4 loss. (See NYSE:VVI)  

Small-cap stocks extended the morning rally into mid-session, with battered bank and financial stocks leading the way amid hope for a bank bailout plan to be rolled out early next week. At 12:36 p.m. ET, the Russell 2000 (NYSE:IWM) was up 9.21, or 2.02% at 464.29.

Looking at S&P group activity so far today, the best performers were regional banks, homebuilders, diversified banks, diverse financial services firms, auto parts companies and broadcasters. On the banking front, the KBW Banking Index jumped 9.4%, with Bank of America Corp. (NYSE:BAC) soaring 22% after getting a “buy” recommendation from analysts, and also being swept up in the bailout euphoria today.

In an interesting twist, the market decided to embrace today’s “bad” news on the employment picture as a “good” news event for the market. The argument has already been made many months ago that economic data will lag the actual market bottom and today’s sobering glimpse of a receding labor market was interpreted as just another cattle prod that can be applied to lawmakers to get things rolling on both a bank bailout and on a fiscal stimulus package.

For the record, the Labor Department said that a jolting 598,000 Americans lost their jobs in January, the largest one-month decline in 34 years. In addition, the unemployment rate climbed to 7.6%, the highest level in more than 16 years. Canada also saw the worst job loss today in more than a generation, but it hasn’t stopped their stock market from gaining 2% so far today, either...

Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment data, hoping that the bad news will push lawmakers to move quickly next week to bolster the economy. Some of today’s small-cap gainers were Omniture, Inc. (Nasdaq:OMTR), Skyworks Solutions (Nasdaq:SWKS) and TeleCommunication Systems Inc. (Nasdaq:TSYS).

Other Market Watch highlights today included:

• However, there were some thoughts that the dismal reading will simply prod lawmakers to be more aggressive in agreeing to a big stimulus package.  
• By any measure, the jobs report presented a bleak picture of the U.S. economy.  
• Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment.  
• The chart structure for the Russell 2000 has eased into a mini-trading range within the elongated extended trading range.

Small Cap Gainers:

• Business optimization software provider Omniture, Inc. is up 17% after reporting big revenue jumps in Q4 earnings Thursday. (See Nasdaq:OMTR)  
• Chip maker Skyworks Solutions is up 17% to $5.88 on stronger-than-expected Q1 earnings released after Thursday's close. (See Nasdaq:SWKS)  
• Wireless communications technology company TeleCommunication Systems Inc. is up 17.2% to $8.50 after reporting positive Q4 earnings late Thursday.(See Nasdaq:TSYS)
• Air freight company Atlas Air Worldwide Holdings Inc. is up nearly 13% to $15.04 after this morning announcing it will trim freighter fleet and cut staff. (See Nasdaq:AAWW)  

Small Cap Losers:

• Consumer finance website operator Bankrate was down 13% in premarket after reporting weaker-than-expected Q4 profits late Thursday. (See Nasdaq:RATE)  
• Disease-management program administrator Healthways Inc. is down 23% in pre-market after announcing late Thursday that a loss of contracts and the overall weak economy will hurt revenue in 2009. (See Nasdaq:HWAY)

DryShips Inc (Nasdaq:DRYS), Geron Corp (Nasdaq:GERN) and Skyworks Solutions Inc (Nasdaq:SWKS) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Idenix Pharmaceuticals Inc (Nasdaq:IDIX), Paragon Shipping Inc (Nasdaq:PRGN), Palm Inc (Nasdaq:PALM), Indevus Pharmaceuticals Inc (Nasdaq:IDEV), Eagle Bulk Shipping Inc (Nasdaq:EGLE) and Phase Forward Inc (Nasdaq:PFWD).

Optimism for a $25 billion aid package for embattled U.S. carmakers may have played a supportive role in the rally action today, with the Russell 2000 (NYSE:IWM) closing up nearly 6%. Some of today’s small-cap gainers are Future Canada China Environment (OBB:FCCE), Newstar Financial (Nasdaq:NEWS) and Standard Register (NYSE:SR).

Other Market Watch highlights today included:

• Commodity markets stabilized Tuesday morning, which was a big relief after crude oil collapsed 9% Monday.
• Optimism for a $25 billion aid package for embattled U.S. carmakers may have played a supportive role in the action today.
• Financial stocks were among the top performers today, with the Financial Select Sector SPDR Fund up 5%. 
• Homebuilder shares were surprisingly stout, with the ISE Homebuilder Index climbing 7.5%. 
• Drug stocks, banks, airlines and insurance companies also were strong performers today.
• Crude oil prices fell $2.32 a barrel, or 4.7% to $46.96. 

Small Cap Gainers:

• Future Canada China Environment Inc. (OBB:FCCE) jumped 50%, but the move took place on very light volume; this unknown entity has suddenly stormed to $15 a share after debuting in mid-October as a nickel stock.
• NewStar Financial (Nasdaq:NEWS) closed up 24% as small financial firms dominated gainers on Tuesday.
• Standard Register (NYSE:SR) jumped 28% as the document services . . .

Small-cap stocks extended the rally into midday trading, boosted by a bounce in financial and energy shares after those sectors were drummed during Monday’s massive rout. Oversold conditions, bargain hunting and optimism about a bailout for beleaguered automakers fueled the upside pop.  Some of today’s small-cap gainers are Colonial Properties Trust (NYSE:CLP), Deltek Inc. (Nasdaq:PROJ) and Williams-Sonoma Inc.  (NYSE:WSM).

Other Market Watch highlights today included:

• Automaker remained higher into midday as investors waited word on progress for an aid package to stave off potential failure for the Big 3.  
• Airline stocks were up 5.5%, outperforming the broad market.
• The ISE Homebuilders Index was up 7% also a sign of relief after all of the economy worries pounded stocks Monday.  
• Among S&P sectors, REITS, wireless telecoms, broadcasting firms and diverse financial services companies were the best performers.


Small Cap Gainers:

• Colonial Properties Trust jumped 38% after the multifamily real estate investment trust announced dividends. See (NYSE:CLP).
• Deltek Inc. rose 34% as the software designer generated a big outside bullish reversal on daily charts following Monday’s swoon. See (Nasdaq:PROJ). 
• Williams-Sonoma Inc. jumped nearly 25% as the retailer operator of Pottery Barn received analyst upgrades. See (NYSE:WSM).  
• Advanced Medical Optics Inc. rose 22%, reversing a sizable decline from Monday. See (NYSE:EYE).  
• US Airways Group Inc. and Alaska Air Group Inc. were both up about 8%, as airline stocks are flying high today. See (NYSE:LCC) and (NYSE:ALK).

Small Cap Losers:

• Palm Inc. tumbled 34% as the smart phone maker lowered quarterly projections. See (Nasdaq:PALM).
• Clearwire Corp. tumbled 20% on reports that the firm may slow its high-speed WiMax wireless network progress because of the tight credit market situation. See (Nasdaq:CLWRD).  
• Skyworks Solutions Inc. gapped lower and slumped 13% after the analog semiconductor firm lowered guidance. See (Nasdaq:SWKS).

Small-cap stocks jumped higher on the opening, a welcome sign after the Russell 2000 (NYSE:IWM) suffered the largest one-day loss of the year on Monday. Buying interest was stirred by optimism for a bail-out of beleaguered U.S. automakers, anticipation for another round of global rate cuts and just a plain old oversold bounce after Mondays’s rout. At 9:57 a.m. ET, the Russell 2000 was up 5.14, or 1.23%, at 422.21.

Investor eyes will be on our nation’s capital today as auto industry executives gather in Washington with hands held out begging for a rescue package to avert potential failure. In a turnabout from last month’s embarrassment when the executives showed up on their chartered jets asking for taxpayer money, this time around the top dog at General Motors Corp. (NYSE:GM) said he was willing to work for just $1. CEOs from the Big 3 also were either flying commercial or driving to Capital Hill. The general perception is that after some browbeating, lawmakers will come up with an aid package for automakers in the $25 billion range. Shortly after the open, GM stock was up 6%, while Ford was up 5%.

Today’s meetings in Washington will coincide with monthly figures for vehicle sales, which are expected to be among the worst in a quarter-century. Overnight, news on the auto front was bad around the world, with new vehicle registrations in Germany down 17% for the month of November and down 28% in South Africa. Toyota and Tata (India’s top carmaker) announced plans to slash annual production to avoid building up inventory of unsold vehicles.

Financial shares were in bounce mode this morning after getting absolutely hammered Monday. Investors were hopeful for another round of global rate cuts to stimulate the world out of recession. The Reserve Bank of Australia slashed 100 basis points off their benchmark rate last night, which was much more aggressive than expected. In addition, the Bank of Japan expanded lending, and rate cuts are expected out of the United Kingdom, eurozone and New Zealand soon, and out of Sweden . . .

Small-cap stocks jumped higher on the opening, a welcome sign after the Russell 2000 (NYSE:IWM) suffered the largest one-day loss of the year on Monday. Buying interest was stirred by optimism for a bail-out of beleaguered U.S. automakers, anticipation for another round of global rate cuts and just a plain old oversold bounce after Mondays’s rout. Some of today’s small-cap gainers are Medicis Pharmaceutical Corp. (NYSE:MRX), Wright Express Corp. (NYSE:WXS) and Clinical Data Inc.  (Nasdaq:CLDA).

Other Market Watch highlights today included:

• New data out: retail sales down 0.4% on a year-over-year basis for the week, down 0.9% in Nov. from last year, while off 1.1% from Oct.  
• On the open, crude oil prices were up about $0.40 a barrel, and energy stocks were up about 2.4%.  
• Commodity markets stabilized this morning, which was a big relief after crude oil collapsed 9% Monday.  
• The Reserve Bank of Australia slashed 100 basis points off their benchmark rate last night, which was much more aggressive than expected.
• Investors were hopeful for another round of global rate cuts to stimulate the world out of recession.

Small Cap Gainers:

• Medicis Pharmaceutical Corp. gapped higher and was up about 17% as the skin treatment firm resolved a patent dispute to license a generic version of it’s acne drug. See (NYSE:MRX).  
• Wright Express Corp. rose 13% as the payment processing firm basically recovered Monday’s big slide. See (NYSE:WXS).
• Clinical Data Inc. rose 11% as the biotech company bounce off Monday’s severe decline amid a dearth of fresh news. See (Nasdaq:CLDA).
• America's Car-Mart Q2 earnings rise; shares climb 6.3% in pre-market. See (Nasdaq:CRMT).


Small Cap Losers:

• Palm Inc. tumbled 34% as the smart phone maker lowered quarterly projections. See (Nasdaq:PALM).
• Enzon scraps spinoff of biotech division; shares tumble 16% in pre-market. See (Nasdaq:ENZN).
• Solarfun Power swings to Q3 loss; shares drop nearly 13% in pre-market. See (Nasdaq:SOLF).  
• Skyworks Solutions Inc. gapped lower and slumped 13% after the analog semiconductor firm lowered guidance. See (Nasdaq:SWKS).  

XenoPort Inc. (Nasdaq:XNPT), Tessera Technologies (Nasdaq:TSRA) and Franklin Electric Co Inc. (Nasdaq:FELE) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Central European Media Enterprises Ltd. (Nasdaq:CETV), Skyworks Solutions Inc. (Nasdaq:SWKS), PowerShares FTSE (Nasdaq:PRFZ), James River Coal Co. (Nasdaq:JRCC), Beacon Roofing Supply Inc. (Nasdaq:BECN) and Umpqua Holdings Corp. (Nasdaq:UMPQ).

DryShips Inc. (Nasdaq:DRYS), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) and (Nasdaq:SWKS) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: A Power Energy Generation Systems Ltd. (Nasdaq:APWR), Canadian Solar Inc. (Nasdaq:CSIQ), James River Coal Co. (Nasdaq:JRCC), Blackbaud Inc. (Nasdaq:BLKB), OmniVision Technologies Inc. (Nasdaq:OVTI) and Gibraltar Industries Inc. (Nasdaq:ROCK).

Here are the most actively traded companies among small caps: