Tag - TTGT

Indiana Community BanCorp. (Nasdaq:INCB), Techtarget (Nasdaq:TTGT) and Online Resource Corp. (Nasdaq:ORCC) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Innospec Inc. (Nasdaq:IOSP), State BanCorp Inc. NY (Nasdaq:STBC), Rome Bancorp Inc. (Nasdaq:ROME), Fisher Communications Inc. (Nasdaq:FSCI), Gaiam Inc. (Nasdaq:GIAI) and Continental Materials Corp. (Nasdaq:CUO).

World Heart Corp. (Nasdaq:WHRT), Accuray Inc. (Nasdaq:ARAY) and TechTarget Inc. (Nasdaq:TTGT) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: AAR Corp. (Nasdaq:AIR), RSC Holdings Inc. (Nasdaq:RRR), Winn Dixie Stores Inc. (Nasdaq:WINN), Kadant Inc. (Nasdaq:KAI), Exterran Partners L P (Nasdaq:EXLP) and Encore Bancshares Inc. (Nasdaq:EBTX).

TechTarget Inc. (Nasdaq:TTGT), Tower Bancorp Inc. (Nasdaq:TOBC) and Citi Trends Inc. (Nasdaq:CTRN) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Cardiovascular Systems Inc. (Nasdaq:CSII), Medicinova Inc. (Nasdaq:MNOV), C&F  Financial Corp. (Nasdaq:CFFI), Williams Controls Inc. (Nasdaq:WMCO), Cyberonics Inc. (Nasdaq:CYBX) and BankAtlantic Bancorp Inc. (Nasdaq:BBX).

Battered stocks limped to a dismal Monday close, with the Dow and S&P 500 falling to levels seen in 1997 as investors continue to pull money out on decreased confidence.

“People left and right are throwing in the towel," Keith Springer, president of Capital Financial Advisory Services, told the Associated Press.

The Russell 2000 (NYSE:IWM) closed down 16.38, or 3.99%, to $394.58, while the Dow fell 3.4% to close at a staggering 7,114.94, and the S&P 500 tumbled 3.47% to end the day at 743.33. For the year, the Russell is now down 21%, the Dow is down 18.93% and the S&P 500 is down 17.7%.

News out today that the Treasury Department would start a new, revamped bank bailout program that would include the option of allowing the government to increase its ownership in financial institutions did little to support investor confidence.

Although the Obama administration doused rumors last week of a potential plan to nationalize banks, the Treasury said today that beginning on Wednesday, the 20 largest U.S. banks will be required to undergo a new “stress test.” The government test will determine whether each institution has enough capital to survive any further economic spirals. More details surrounding the stress test will be released on Wednesday by the Treasury, though it did divulge today that if any . . .

Small-cap stocks pushed higher on the opening, maintaining an early gain on a jump in consumer confidence that helped counter absolutely dreadful reports on the housing market. Some of today’s small-cap gainers are Highland Steel & Vanadium Corp. Ltd. (Nasdaq:HSVLY), TechTarget Inc.(Nasdaq:TTGT) and Synchronoss Technologies (Nasdaq:SNCR).

Other Market Watch highlights today included:

• In overnight trading, European shares were slightly firm, but Asia stocks took a hit, with car makers still in the spotlight.  
• Despite the gloomy home news, consumer confidence as seen in the Michigan sentiment survey rose to 60.1, better than the forecast of 58.6.  
• The truly scary news came from the existing home sales data, which showed sales at an annual rate of 4.49M units, off the 4.93M forecast.  
• The new home sales report came in at an annualized rate of 407,000 units, which was below the forecast for 415,000. 

Small Cap Gainers:

• Highland Steel & Vanadium Corp. Ltd. jumped 12% and shows promising bottoming action on daily charts as the South African steel maker struggles to recover off the November lows. See (Nasdaq:HSVLY).  
• TechTarget Inc. was up nearly 10% as the IT media firm tries to sustain a nice rally off the November lows. See (Nasdaq:TTGT).  
• Synchronoss Technologies up 5% following a raised price target last week. See (Nasdaq:SNCR).
• Loral Space and Communications Inc. was up 2.8% trying to recoup some of the big slide Monday. See (Nasdaq:LORL).  

Small Cap Losers:

• American Greetings Corp. slumped 21% as the greeting card company took an earnings-related hit. See (NYSE:AM).  
• AgFeed Industries dips over 3% on very light volume. See (Nasdaq:FEED).  
• The Men's Wearhouse declines 3%, extending Monday's dramatic fall. See (NYSE:MW).
• Krispy Kreme Doughnuts dips on light volume, hovering near a 52-week low of $1.76. See (NYSE:KKD).  

 

 

Small-cap stocks pushed higher on the opening, maintaining an early gain on a jump in consumer confidence that helped counter absolutely dreadful reports on the housing market. At 10:04 a.m. ET, the Russell 2000 (NYSE:IWM) was up 4.04, or 0.85%, at 479.12.

The new home sales report came in at an annualized rate of 407,000 units, which was below the forecast for 415,000. But the truly scary news came from the existing home sales data, which showed sales at an annual rate of 4.49 million units, way off the 4.93 million forecast. The pace of home sales plunged a record 8.6% in November and the median home price dropped to $181,300, which was a 13.2% annual decline, the largest since records have been kept over the past 40 years.

Despite the gloomy home news, consumer confidence as seen in the Michigan sentiment survey rose to 60.1, which was better than the forecast of 58.6, and which helped counter the horrendous home sales report. Earlier this morning, the GDP report came in at minus 0.5%, which was in line with expectations. The GDP data marked the final revision for the third quarter and reflected the sharpest decline in GDP from the previous quarter since Q3 2001 right after the 9/11 attacks.

In overnight trading, European shares were slightly firm, but Asia stocks took a hit, with car makers still in the spotlight. As for U.S. automakers, credit ratings for both General Motors Corp. (NYSE:GM) and Ford Motor Co. (NYSE:F) were slashed. Shortly after the open, GM was down 11%, while Ford was down 12%. Both automaker stocks . . .

Versant Corp. (Nasdaq:VSNT), Indiana Community Bancorp (Nasdaq:INCB) and Young Innovations Inc. (Nasdaq:YDNT) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: DineEquity Inc. (Nasdaq:DIN), Capitol Bancorp Ltd (Nasdaq:CBC), TechTarget Inc. (Nasdaq:TTGT), Max Capital Group Ltd. (Nasdaq:MXGL), Zep Inc. (Nasdaq:ZEP) and Breeze Eastern Corporation (Nasdaq:BZC).

Small-cap stocks opened lower, quickly recouped the losses but then resumed the downdraft in whipsaw trading, as the market tried to shrug off overseas declines. A fresh batch of economic data on housing starts, consumer inflation and mortgage applications was predictably awful, but not a surprise. Today’s small-cap gainers are TechTarget (Nasdaq:TTGT), Senomyx Inc. (Nasdaq:SNMX) and Retalix Limited. (Nasdaq:RTLX). 

Other Market Watch highlights today included:

• Auto executives will be in Washington again today to lobby for aid, in an issue that has been contentious from a political standpoint.  
• The U.S. dollar was down 1% against the euro, which provided some support to the commodities sector.  
• Commodity markets began to rise off the overnight lows ahead of the stock market open, which helped limit initial losses for equities.  
• Single-family housing starts tumbled to the lowest level in 27 years.  

Small Cap Gainers:

• TechTarget climbing 16% following a rise in the company's Q3 online revenue reported last week. See (Nasdaq:TTGT).
• Senomyx Inc. up over 18% on lower-than-average volume. See (Nasdaq:SNMX).
• Retalix Limited up 12% on light volume this morning, following earnings results earlier this week that showed a decline in Q3 profit, prompting small cap to cut guidance. See (Nasdaq:RTLX).  
• Shares of Pan American Silver Corp. are up 10% analysts cut the company's price target to $19 from $36 on Monday. See (Nasdaq:PAAS).  

Small Cap Losers:

• General Motors says European Opel Brand not for sale; shares are down 15.2%. See (NYSE:GM).
• Genesco Inc. tumbled 11% as the specialty retailer reported earnings and revised guidance. See (NYSE:GCO).  
• Arbitron Inc. is down 10% as the media and marketing research firm tumbled to fresh 52-week lows. See (NYSE:ARB).  
• JA Solar down 3% in pre-market on very light volume. The small cap is hovering near its 52-week low of $2.01; its 52-week high is $27. See (Nasdaq:JASO).

The Russell staged a dramatic comeback today, closing up nearly 7% and rejecting an intraday slide to the second-lowest point in more than five years to notch the third-largest one-day gain of the year. The Russell is now off 30% for 2008, while the Dow is down 32% and the S&P 500 is off 35%. Today’s small-cap gainers are UAL Corp. (Nasdaq:UAUA), TechTarget (Nasdaq:TTGT) and Molecular Insight Pharmaceuticals (Nasdaq:MIPI). Other Market Watch highlights today included:

• The industrial production report released this morning pegged output down 2.8%; the forecast was for -0.8%.
• The CBOE Volatility Index (a good indicator of the level of fear in the markets) hits a record high.
• The market continues to slide after the Philly Fed diffusion index fell to -37.5 in Oct. from +3.8 in Sept., its largest 1-month decline ever. 
• Chartist Kevin Pendley: Today marked the most solid chart action we have seen since this whole collapse kicked into gear in late September. 
• Crude oil extended slide after inventory data, dipped below $70 at one point today.
• The best performing areas today are coal, education services, agriculture products, footwear companies, food retail firms, airlines, gas utilities and steel stocks. 
• On the downside, life health insurers, gold, paper products, . . .

Small-cap stocks climbed to an impressive rally Thursday, quickly putting aside any downward momentum from Wednesday’s historic collapse. Investors were picking through the rubble for bargains, and also appeared to be testing the waters for a potential bottom. Traders had to endure choppy waters as the market traded more than 3% on both sides of the ledger, buffeted about by mixed economic data. The Russell 2000 (NYSE:IWM) closed up 34.46, or 6.86%, at 536.57, rejecting an intraday slide to the second-lowest point in more than five years to notch the third-largest one-day gain of the year. The Russell is now off 30% for 2008, while the Dow is down 32% and the S&P 500 is off 35%.

One encouraging element of the recovery move today was that small caps paced the move over the Dow and S&P 500 – even when the market struggled in the midday time frame. In addition, today marked the most solid chart action that we have seen since this whole collapse kicked into gear in late September. The Russell had a decent test of the recent lows without violating the bottom, then closed strong, which is a positive signal. In addition, the market has now left twin long “wicks” on the major low testing days, which is a form of a double bottom. It should be noted that these signs are on daily charts, and it will take a more dynamic formation on weekly charts to support any bottoming theory at this stage of things.

Even investors playing for a bottom that don’t watch chart dynamics have their own story to hang a hat on right now. Some of those elements include: (a) signs that frozen credit markets are starting to thaw vis-à-vis the pullback in Libor rates; (b) various valuation tools suggest the market is a bargain; (c) a majority of market pundits believe that the market has either made the lows, or is close to the low, which means downside risk might not be that bad compared to upside gain; (d) governments around the world have poured hundreds of billions into financial systems, which will stabilize the market. And even though economic statistics are truly . . .

NB&T Financial Group Inc. (Nasdaq:NBTF), Elbit Imaging Ltd. (Nasdaq:EMITF) and Silicon Graphics Inc. (Nasdaq:SGIC) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: TechTarget Inc. (Nasdaq:TTGT), Cantel Medical Corp. (Nasdaq:CMN), Alliance Bancorp Inc. (Nasdaq:ALLB), Perfumania Holdings Inc. (Nasdaq:PERF), Superior Uniform Group Inc. (Nasdaq:SGC) and Targanta Therapeutics Corp. (Nasdaq:TARG).

Here are the biggest percentage gainers among small caps:

LIN TV Corp. (NYSE:TVL), China East Air (NYSE:CEA) and Yadkin Valley Financial Corp. (Nasdaq:YAVY) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.      

Also included among the results: Mid Penn Bancorp Inc. (AMEX:MPB), Endwave Corp. (Nasdaq:ENWV), TechTarget Inc. (Nasdaq:TTGT), Greenfield Online Inc. (Nasdaq:SRVY), NGAS Resources Inc. (Nasdaq:NGAS) and H&E Equipment Services Inc. (Nasdaq:HEES).       

Here are the biggest percentage gainers among small caps:           

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:   

Small-cap stocks went into a tailspin Thursday as soft economic data and uninspiring quarterly results took the teeth out of the buy-side mentality in equities. The Russell 2000 (NYSE:IWM) closed down 16.8, or 2.34% at 702.39, generating the largest daily loss since the market bottomed July 15.

Equity prices were vulnerable to a correction in here as short-term intraday momentum readings were overbought Wednesday and the market had already rallied some 12% off the lows in a short period of time. In addition, the chart structure after Wednesday’s session was top-heavy and the pattern paid immediate dividends with today’s sell-off.

Small caps were already on soggy footing ahead of the opening today when weekly unemployment claims came in above expectations, which painted a sour picture on the jobs front. The headline figure for weekly claims was at 406,000, which was well ahead of the forecast for a rise in the 380,000 range. However, airlines, automobile manufacturers and banks have been announcing layoffs lately, so the news wasn’t a complete stunner for stock market traders.

Although the market seemed willing to absorb the claims data without too much hand wringing, when the existing home sales report also came in worse than expected it started to raise concerns about the economic picture and kept equity bulls on the sideline. The home sales report showed a 2.6% decline to about 4.86 million units, which was below the forecast for 4.93 million. It marked the lowest level in 10 years and the median price for a home was down some 15% from last year.

Normally right now trading action in the stock market would be dominated by earnings results, and we are in a flood of quarterly figures but the investment public did not seem to latch onto a theme that could overcome the dour economic data. Instead of the latest batch of earnings suggesting a brighter story that would spread . . .

TechTarget Inc (Nasdaq:TTGT), Great Atlantic & Pacific Tea Co Inc (Nasdaq:GAP) and Gramercy Capital Corp (Nasdaq:GKK) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Sturm Ruger & Co Inc (Nasdaq:RGR), Sonic Solutions (Nasdaq:SNIC), Protherics PLC (Nasdaq:PTIL), FortuNet Inc (Nasdaq:FNET), Miller Industries Inc (Georgia) (Nasdaq:MLR) and Tortoise North American Energy Corp (Nasdaq:TYN).

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

Breaking a green streak this week, small caps are crumbling mid-session after weaker-than-expected existing home sales, higher weekly unemployment claims and a mixed batch of earnings zapped the market’s optimistic sentiment.

At 12:20 p.m. ET, the Russell 2000 (NYSE:IWM) was down 7.46, or 1.04%, at 711.73, while the Dow was down 133.2, or 1.15%, to 11,499.18.

The market got a dose of reality this morning when existing home sales for June reportedly fell 2.6% to an annual rate of 4.86 million units, below the forecast of 4.93 million. It marked the lowest level in 10 years and was down 15% from last year. In addition, the inventory of homes available for sale rose to 11.1 months, up from 10.8 months in the May report. The national median home price also tumbled 6.1% from last year.

Adding insult to injury, data on weekly claims came in much higher than expected, painting a somber picture on the employment front. The headline figure for weekly claims was at 406,000, far above the forecast of 380,000. Continuous claims dipped slightly, but the 4-week moving average rose. There was, however, some thought that the weekly claims report was at risk for an upside surprise amid layoffs in autos, airlines and banks.

In another negative chapter to the credit crisis saga, two units of UBS are being sued by New York Attorney General Andrew Cuomo, for allegedly misconstruing the risks associated with auction-rate securities to clients by painting such securities as safe and liquid investments.

TechTarget Inc (Nasdaq:TTGT), Sturm Ruger & Co Inc (Nasdaq:RGR) and Benchmark Electronics Inc (Nasdaq:BHE) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: FirstFed Financial Corp (Nasdaq:FED), iStar Financial (Nasdaq:SFI), Gencor Industries Inc (Nasdaq:GENC), MKS Instruments Inc (Nasdaq:MKSI), Chipotle Mexican Grill (Nasdaq:CMG) and Consolidated Graphics Inc (Nasdaq:CGX).

Here are the biggest percentage losers among small caps:

Small-cap stocks pushed lower, pulled down by soft economic data, mixed earnings news and a modest rise in crude oil prices. At 10:04 a.m. ET, the Russell 2000 (NYSE:IWM) was down 4.87, or 0.68%, at 714.32.

Tech stocks were strong relative to other index products, underpinned by strong earnings from Amazon.com (Nasdaq:AMZN), which rallied 9% early today after topping the Street’s forecast.

The stout results from AMZN were not a recurring theme this morning, however, with earnings from Dow Chemical (NYSE:DOW) and Ford Motor Co. (NYSE:F) both missing the forecast. DOW was off 0.4% and F down 3.2% on the opening.

Existing home sales for June fell 2.6% to an annual rate of 4.86 million units, which was below the forecast of 4.93 million. It marked the lowest level in 10 years and was down 15% from last year. In addition, the inventory of homes available for sale rose to 11.1 months, up from 10.8 months in the May report. The national median home price also tumbled 6.1% from last year.

Ahead of the open, data on weekly claims came in much higher than expected, painting a somber picture on the employment front. The headline figure for weekly claims was at 406,000, far above the forecast of 380,000. Continuous claims dipped slightly, but the 4-week moving average rose. The immediate response to the jobs data was a brief erosion in the U.S. dollar, a rise in Treasury markets and an extension of the dip in overnight stock derivatives. However, there was some thought that the weekly claims report was at risk for an upside surprise amid layoffs in autos, airlines and banks.

Crude oil prices were higher heading into the stock market open, climbing back above $125 dollars a barrel in a mild bounce after a steep $4 drop Wednesday that put an exclamation point on a recent $23 collapse. It’s interesting to see that open interest in crude oil futures is near 18-month lows, which suggests that . . .

Information technology product maker TechTarget Inc. (Nasdaq:TTGT) is down 22% today after announcing ahead of the open its lowering its full year guidance. The company now expects 2008 full-year revenue to be in the range of $108 million and $112 million, down from previous estimates of $118 million and $122 million. Earnings before interest, taxes, depreciation and amortization are now expected to be between $25 million and $27 million, down from $33 million and $35 million.

“We believe that we are continuing to gain market share, however, due to the macroeconomic weakness in the U.S. and its impact on advertising spending, we believe it is prudent to reduce our guidance to reflect the current market conditions,” said CEO Greg Strakosch in a statement.

In today’s trading, shares are at $8.18 at 10:06 a.m. ET, down $2.27 from Wednesday’s close. Shares of the Needham, Mass.-based company have ranged from today’s low of $8.18 to a high of $18.69 during the past year.

For detailed price information and recent news stories about TechTarget Inc., click TTGT.

The Russell 2000 (NYSE: IWM) survived a late-session scare to post a small gain on news of a profit rise at Wal-Mart. The small-cap index added 0.82 points, or 0.12%, to 702.34. The Dow Jones Industrial Average (INDU) fell 10.99 points, or 0.09%, to 12,337.22.

On a year-to-date basis, the Russell 2000 has declined 8.31%, while the Dow is down 6.99% and the S&P 500 has decreased 8.14%.

Trading got off to a bullish start today following news that Wal-Mart Stores, Inc. (NYSE: WMT) posted a 4% rise in net income for the fourth quarter ended Dec. 31, 2007.

The result was in line with analysts’ expectations and was largely attributed to strong overseas sales. However, the Bentonville, Ark.-based company warned that it could miss analysts’ expectations during the current quarter and forecasted U.S. same-store sales to be flat or rise no more than 2%.

The small-cap index roared out of the gate, soaring more than 1% to a level beyond 710 points. Small-cap stocks held on to gains of different magnitudes until they abruptly fell into negative territory at about 2:40 p.m. ET.

The reason: the price of oil rose to above $100 a barrel due to news of a refinery fire in Texas over the weekend and concerns about exports from producing countries Venezuela and Nigeria.

Worries that the Organization of the Petroleum Exporting Countries, which controls about 40% of global oil production, will keep production steady when it next meets in April also contributed to the rise in the price of oil.

The Russell 2000 languished in the red until minutes before the close, when the bulls returned to give it a boost.

The Russell 2000 (NYSE: IWM) and the Dow fell today on news of rising mortgage defaults and credit market losses. The small-cap index dropped 19.96 points, or 2.64%, to 735.07. The Dow Jones Industrial Average (INDU) let go 237.44 points, or 1.83%, to 12,743.44.

On a year-to-date basis, the Russell 2000 has shed 6.65%, while the Dow has added 2.16% and the S&P 500 is down 0.66%.

Stocks posted big losses today following news that HSBC Holdings PLC (NYSE: HBC) could face billions in losses and Citigroup Inc. (NYSE: C) is planning job cuts in a move to return to profitability.

London-based HSBC may have to absorb losses of up to $12 billion due to bets placed on securities backed by subprime mortgages, according to an analyst from Goldman Sachs Group, Inc. (NYSE: GS). HSBC, which is Europe’s largest bank, may also need to rescue two of its funds by putting $45 billion of their assets onto its balance sheet.

More bad news came from Citigroup, which announced that it is looking for ways to improve efficiency and cut costs in order to return to profitability after mortgage writedowns led it to report a loss in its most recent quarter

Although Citigroup, the largest U.S. bank, did not say how many of its over 300,000 employees will be getting pink slips, a news report from business news channel CNBC put the figure at between 17,000 and 45,000.

The fact that two of the world’s largest banks are in the crosshairs of the fallout from the subprime mortgage meltdown scared investors and put stocks on the downward trajectory.

The Russell 2000 opened in positive territory but reversed course within an hour after the start of trading, while the Dow stayed on both sides of the flat line until about 1 p.m. ET, when the bears established their dominance.

Simulations Plus, Inc. (AMEX: SLP), Santander BanCorp (NYSE: SBP) and Medivation, Inc. (Nasdaq: MDVN) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage losers:

The Russell 2000 (NYSE: IWM) opened with modest gains but later slipped into negative territory despite news of a successful Black Friday.

At 10:32 a.m. ET, the small-cap index had retreated 2.37 points, or 0.31%, to 752.66. The Dow Jones Industrial Average (INDU) was up 23.49 points, or 0.18%, to 13,004.37.

Separate news reports indicate that U.S. retailers had a successful Black Friday, a bullish sign for many investors. The day after Thanksgiving is referred to as Black Friday because it’s considered the day when retailers become profitable for the year.

Preliminary numbers show that sales rose 8.3% to $10.3 billion, according to ShopperTrak, a provider of shopper traffic counting information software.

“We anticipated that the 2007 trend would continue and consumers would be willing to spend despite all of the economic pressures we’ve been hearing about heading into the season,” said Bill Martin, co-founder of ShopperTrak, in a statement.

Meanwhile, the National Retail Federation announced that 147 million shoppers hit the stores over the Black Friday weekend, an increase of 4.8% from a year earlier.

However, spending per customer decreased 3.5% to $347.44.

The statistics tell us that retailers increased traffic by luring consumers with promotions and discounts, but the slump in the U.S. housing sector, high energy prices and a credit squeeze took their toll on individual spending.