Tag - TECUA

Integrated Electrical Services Inc. (Nasdaq:IESC), Arbitron Inc. (Nasdaq:ARB) and Superior Well Services Inc. (Nasdaq:SWSI) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Matrixx Initiatives (Nasdaq:MTXX), Black Box Corp. (Nasdaq:BBOX), Tecumseh Products Co. (Nasdaq:TECUA), Monarch Casino & Resort Inc. (Nasdaq:MCRI), Female Health Co. (Nasdaq:FHCO) and Landrys Restaurants Inc. (Nasdaq:LNY).

Tecumseh Products Co. (Nasdaq:TECUA), Cogdell Spencer Inc. (Nasdaq:CSA) and American Italian Pasta Co. (Nasdaq:AIPC) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Winnebago Industries Inc. (Nasdaq:WGO), Oriental Financial Group Inc. (Nasdaq:OFG), Manitowoc Co Inc. (Nasdaq:MTW), Webster Financial Corp. (Nasdaq:WBS), Gaylord Entertainment Co. (Nasdaq:GET) and Boyd Gaming Corp. (Nasdaq:BYD).

Encore Capital Group Inc. (Nasdaq:ECPG), SAVVIS Inc. (Nasdaq:SVVS) and ATC Technology Corp. (Nasdaq:ATAC) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Complete Production Services Inc. (Nasdaq:CPX), Medifast Inc. (Nasdaq:MED), Tecumseh Products Co. (Nasdaq:TECUA), W Holding Co Inc. (Nasdaq:WHI), B&G Foods Inc. (Nasdaq:BGS) and Phase Forward Inc. (Nasdaq:PFWD).

Elizabeth Arden Inc. (Nasdaq:RDEN), Belden Inc. (Nasdaq:BDC) and Webster Financial Corp. (Nasdaq:WBS) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Tecumseh Products Co. (Nasdaq:TECUA), LSI Industries Inc. (Nasdaq:LYTS), BancTrust Financial Group Inc. (Nasdaq:BTFG), Communications Systems Inc. (Nasdaq:JCS), Kimball International Inc. (Nasdaq:KBALB) and Rochester Medical Corp.(Nasdaq:ROCM).

Small-cap stocks remained solidly lower into midday trading, as a sharp reduction in non-farm payrolls and the highest unemployment rate in 15 years took a toll on the investor psyche. Energy and commodity stocks were the primary bearish influence, although a pullback in homebuilder and retailer shares also weighed on the market.  Some of today’s small-cap gainers are W.R. Grace & Co. (NYSE:GRA), Thoratec Corp. (Nasdaq:THOR) and Jefferies (NYSE:JEF).

Other Market Watch highlights today included:

• Many experts are expecting the unemployment rate will continue to ratchet higher in December and January.   
• With plenty of somber news in the air today, it was interesting to see that financial stocks were holding up reasonably well.   
• Big losses were seen in oil exploration and oil production, broadcasting, gold stocks, oil and gas drillers, power products, metal and mining shares, forest products, coal and oil and gas storage.   
• The Commodity Research Bureau Index was down 2.3% this morning, setting fresh bear market lows while tumbling to the lowest point since August 2002.  

Small Cap Gainers:

• W.R. Grace & Co. will pay up to $140M over time into a fund for individuals injured by the company’s asbestos-containing Zonolite attic insulation. Shares climb 16%. See (NYSE:GRA).   
• Thoratec Corp. climbs 15% as the firm said its trial heart pump device was a noted improvement. See (Nasdaq:THOR).   
• Jefferies up 14% despite rumores that Moody's may downgrade the firm. See (NYSE:JEF).   
• Asbury Automotive Group up 10% on very light volume. See (NYSE:ABG).  

Small Cap Losers:

• Patriot Coal Corp. is off 15%, swayed not only by the commodities fall, but also by news that Bank of America Corp. (NYSE:BAC) would cut lending to coal mining companies in an environmental move. See (NYSE:PCX).   
• Exco Resources Inc. is off 17% as the oil and gas firm also was pulled under with the energy decline. See (NYSE:XCO).   
• Tecumseh announces share recapitalization plan; motion to remove directors fails. Stock is down 1.5%. See (Nasdaq:TECUA).  
• Orbitz Worldwide falls 13% as online travel sites slump on lower traffic. See (NYSE:OWW).

II VI Inc. (Nasdaq:IIVI), Gladstone Commercial (Nasdaq:GOODO) and Heritage Commerce Corp. (Nasdaq:HTBK) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Financial Institutions Inc. (Nasdaq:FISI), First Defiance Financial Corp. (Nasdaq:FDEF), Isramco Inc. (Nasdaq:ISRL), Tecumseh Products Co. (Nasdaq:TECUA), John Bean Technologies Corp. (Nasdaq:JBT) and First Financial Service Corp. (Nasdaq:FFKY).

Here are the biggest percentage losers among small caps:

Syniverse Hldg Inc. (Nasdaq:SVR), Warnaco Group Inc. (Nasdaq:WRC) and Brookdale Senior Living Inc. (Nasdaq:BKD) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: SRA International Inc. (Nasdaq:SRX), Willbros Group Inc. (Nasdaq:WG), AnnTaylor Stores Corp. (Nasdaq:ANN), Tecumseh Products Co. (Nasdaq:TECUA), TBS International Ltd. (Nasdaq:TBSI) and Delta Petroleum Corp. (Nasdaq:DPTR).

Here are the biggest percentage losers among small caps:

Small-cap stocks opened in the red and stayed there all day, as concerns about soaring crude oil prices, a sharp slump in the U.S. dollar, soft economic numbers and the credit crunch on financial institutions kept the sellers energized throughout the session and spurred safe haven flows away from equities toward credit markets. In the end, the Russell 2000 (NYSE:IWM) closed down 2.81, or 0.38%, at 735.64. It was the third-consecutive lower daily close for small caps, something that hasn’t happened since early April.

The tone for a gloomy session was established overnight when equity index markets around the world took it in the chin. European shares notched their largest one-day decline in two months, while China tumbled 5.1%, Hong Kong lost 2.2%, Taiwan was down 2.4%, Singapore down 1.2%, Bombay off 1.1% and Japan down 0.7%.

Money appeared to flow freely away from equities and into commodities and bonds. Speaking of commodities, the No. 1 physical market in the world — crude oil — shot to new record highs yet again, and is now on the doorstep of $130 dollars a barrel. Joining in the chorus of higher commodities was gold, which climbed 1.6%. Grains also pushed higher, benefiting from the slide in the U.S. dollar. As for the greenback, it was hammered against the euro, sinking about 150 basis points, or nearly 1%, all of which feeds into the short dollar/long commodities mindset.

A sobering reality of the seemingly never-ending rise in gasoline and food prices is that consumer discretionary spending funds dry up, which slows the U.S. economy and hurts corporations — especially those with hefty commodity price inputs. Even stepping outside of the food and energy sector, the news wasn’t good today. The Producer Price Index report was released this morning, and although the headline figure came in below the forecast, the “core” reading, which excludes food and energy prices, was well above the forecast, meaning businesses are facing rising . . .

First Bancshares Inc (Nasdaq:FBMS), China Techfaith Wireless Communication Technology Ltd (Nasdaq:CNTF) and SMART Modular Technologies Inc (Nasdaq:SMOD) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $750 million.

China Grentech Corp Ltd (Nasdaq:GRRF), Electro-Optical Sciences Inc (Nasdaq:MELA) and Tecumseh Products Co (Nasdaq:TECUA) are also among the biggest percentage losers.

Here are the biggest percentage losers among small caps:

Jinpan International Ltd. (AMEX:JST), Adept Technology, Inc. (Nasdaq:ADEP) and Natural Gas Services Group, Inc. (AMEX:NGS) were among the new 52-week highs established during Friday's trading among companies with market capitalizations or values under $750 million. 

Tecumseh Products Co. (Nasdaq:TECUA), Hawaiian Holdings, Inc. (AMEX:HA) and K-Tron International, Inc. (Nasdaq:KTII) were also among the 52-week small-cap highs.

Here are today's 52-week small-cap highs:

Tecumseh Products Co. (Nasdaq:TECUA), Clayton Williams Energy Inc. (Nasdaq:CWEI) and Stepan Co. (NYSE:SCL) were among the new 52-week highs established during Tuesday's trading among companies with market capitalizations or values under $750 million. 

Here are today's 52-week small-cap highs:

The Russell 2000 (NYSE: IWM) gained ground for the second day in a row as investors digested the latest financial news. The small-cap index advanced 2.07 points, or 0.27%, to 756.13. The Dow Jones Industrial Average (INDU) fell 25.20 points, or 0.19%, to 13,207.27.

On a year-to-date basis, the Russell 2000 is down 3.97%, while the Dow is up 5.87% and the S&P 500 has climbed 2.57%.

Small-cap stocks went on a rollercoaster ride today but eventually came out on top as investors were unsure what to make of the latest financial news.

The day began with news that Morgan Stanley (NYSE: MS) swung to a fourth-quarter loss due to $9.4 billion in mortgage-related write-downs. The New York-based company responded by saying that it will sell as much as 9.9% of itself to a Chinese sovereign fund for a cash infusion of $5 billion.

The move is similar to the one made by a number of financial heavyweights that posted losses on investments in securities that contain subprime home loans and then turned to foreign investors for a cash infusion to boost capital.

The difficulties stem from the slump in the U.S. housing sector, which began in the second half of 2006 when home prices started to fall. That led to a wave of foreclosures and delinquencies that hit borrowers with subprime loans particularly hard and damaged the financial institutions that had purchased securities backed by those same loans.

As a global credit squeeze took hold, the U.S. Federal Reserve responded by lowering the federal funds rate, the rate at which commercial banks make overnight loans to each other, and creating a Term Auction Facility (TAF) program to auction term funds to depository institutions against collateral that can be used to secure loans.

The first of those auctions was on Dec. 17, and today the Fed announced that it gave $20 billion at an interest rate of 4.65%. The auction attracted 93 bidders that asked for a total of $61.55 billion, a sign that banks are hungry for money to improve balance sheets and boost liquidity.

The Russell 2000 (NYSE: IWM) is just above the flat line as investors react to the latest financial news.
 
At 10:41 a.m. ET, the small-cap index had added 1.98 points, or 0.26%, to 756.04. The Dow Jones Industrial Average (INDU) was up 55.44 points, or 0.42%, to 13,287.91.

The futures were little changed this morning on news that Morgan Stanley (NYSE: MS) swung to a fourth-quarter loss due to $9.4 billion in mortgage-related write-downs. Quarterly net revenue was a negative $450 million, compared with a positive $7.85 billion a year ago.

The New York-based financial services giant responded by saying that it will sell as much as 9.9% of itself to a Chinese sovereign fund for $5 billion.

The move is similar to the one made by a number of financial heavyweights that posted losses on investments in securities that contain subprime home loans and then turned to foreign investors for a cash infusion to boost capital.

Today’s news once again highlights the wide reach of the contagion from the subprime mortgage crisis and its ability to infect the largest of financial actors. But the bulls will take solace in the fact that cash infusions will allow the wounded companies to continue their operations.

Elsewhere, a report by the Mortgage Bankers Association showed that mortgage applications for the week ended Dec. 14 decreased 19.5% on a seasonally adjusted basis.

The Market Composite Index was 653.8, compared with 811.8 a week earlier. The four week moving average, a more stable measure, is down 1%.

Stagnating home prices and tighter lending standards have made many Americans unwilling or unable to purchase homes, further contributing the slump in the U.S. housing sector. The ailing housing sector is one of the major factors dragging down U.S. economic growth.

The Russell 2000 (NYSE: IWM) futures are pointing up and the small-cap index could open higher on news of a profit rise at Wal-Mart.

The bulls are ready this morning following news that Wal-Mart Stores Inc. (NYSE: WMT) reported a 7.9% increase in third-quarter profit at its U.S. stores. The Bentonville, Ark.-based company, the world’s largest retailer, also reported that revenue rose 8.9%, outpacing Wall Street’s projections.

Wal-Mart also improved its fiscal 2008 earnings guidance.

Elsewhere, shares of Apple Inc. (Nasdaq: AAPL) are climbing on news the company is in talks with handset operator China Mobile to introduce its iPhone to the Chinese market. The iPhone was recently introduced in Europe but has yet to make its Asian debut.

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:

Biggest percentage gainers:

• Nektar Therapeutics (NKTR), up 19% on news it has resolved contractual issues with Pfizer Inc. (PFE).
• US BioEnergy Corp. (USBE), up 12% on news of a rise in third-quarter earnings.
• Tecumseh Products Company (TECUA), up 11%.

Biggest percentage losers:

• James River Coal Co. (JRCC), down 5%.
• JDA Software Group Inc. (JDAS) down 4% on news it has created an Alliance Connection program to expand demand for its product.
• Hansen Medical Inc. (HNSN) down 3%.

Restaurant chain Ruth's Chris Steak House, Inc. (Nasdaq: RUTH) expects revenue between $76.9 million and $77.1 million for the three months ended June 24 – below Wall Street expectations of $78.1 million.

After Thursday’s closing bell, Texas Attorney General Greg Abbott sued Mannatech, Inc. (Nasdaq: MTEX), accusing the nutritional supplements maker of an illegal marketing scheme. Abbott’s claim, which could cost Mannatech at least $20,000 for each violation, alleges that the Coppell, Texas-based company inflated claims about the therapeutic benefits of its products for people with cancer, Down syndrome, cystic fibrosis and other illnesses to boost profits.

The following are the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

These are the biggest percentage gainers among companies with market capitalizations under $500 million:

These are the biggest percentage gainers among companies with market capitalizations under $500 million: