Tag - Adct

Novavax Inc. (Nasdaq:NVAX), ADC Telecommunications Inc. (Nasdaq:ADCT) and Spectrum Pharmaceuticals Inc. (Nasdaq:SPPI) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Sequenom Inc. (Nasdaq:SQNM), ImmunoGen Inc. (Nasdaq:IMGN), Ticketmaster Entertainment Inc. (Nasdaq:TKTM), GeoResources Inc. (Nasdaq:GEOI), Zion Oild and Gas Inc. (Nasdaq:ZN) and Biocryst Pharmaceuticals Inc. (Nasdaq:BCRX).

GSI Commerce Inc. (Nasdaq:GSIC), Century Aluminum Co. (Nasdaq:CENX) and ADC Telecommunications Inc. (Nasdaq:ADCT) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Crocs Inc. (Nasdaq:CROX), Sequenom Inc. (Nasdaq:SQNM), Jazz Pharmaceuticals Inc. (Nasdaq:JAZZ), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), China Housing & Land Development Inc. (Nasdaq:CHLN) and Clean Energy Fuels Corp. (Nasdaq:CLNE).

ADC Telecommunications Inc. (Nasdaq:ADCT), WuXi PharmaTech Cayman Inc. (Nasdaq:WX) and Lydall Inc. (Nasdaq:LDL) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Brigham Exploration Co. (Nasdaq:BEXP), Jazz Pharmaceuticals Inc. (Nasdaq:JAZZ), Internet Initiative Japan Depository Receipt (Nasdaq:IIJI), ArvinMeritor Inc (Nasdaq:ARM), China TransInfo Technology Corp. (Nasdaq:CTFO) and E House China Holdings Ltd. (Nasdaq:EJ).

Petroleum Development Corp. (Nasdaq:PETD), Jazz Pharmaceuticals Inc. (Nasdaq:JAZZ) and Seattle Genetics (Nasdaq:SGEN) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: IMAX Corp. (Nasdaq:IMAX), ADC Telecommunications Inc. (Nasdaq:ADCT), Silver Standard Resources Inc. (Nasdaq:SSRI), Harbin Electric Inc. (Nasdaq:HRBN), China Housing & Land Development Inc. (Nasdaq:CHLN) and Clean Energy Fuels Corp. (Nasdaq:CLNE).

DryShips Inc. (Nasdaq:DRYS), AgFeed Industries Inc. (Nasdaq:FEED) and James River Coal Co. (Nasdaq:JRCC) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Electro-Optical Sciences Inc. (Nasdaq:MELA), A Power Energy Generation Systems Ltd. (Nasdaq:APWR), Canadian Solar Inc. (Nasdaq:CSIQ), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Smith & Wesson Holding Corp. (Nasdaq:SWHC) and ADC Telecommunications Inc. (Nasdaq:ADCT).

ADC Telecommunications Inc. (Nasdaq:ADCT), Energy Conversion Devices Inc. (Nasdaq:ENER) and Acorda Therapeutics Inc. (Nasdaq:ACOR) are among the most actively traded companies in Thurday's trading among companies with market capitalizations under $1 billion.

Also included among the results: CardioNet Inc. (Nasdaq:BEAT), Force Protection Inc. (Nasdaq:FRPT), Wind River Systems Inc. (Nasdaq:WIND), Spectrum Pharmaceuticals Inc. (Nasdaq:SPPI), Acura Pharmaceuticals Inc. (Nasdaq:ACUR) and Fuqi International Inc. (Nasdaq:FUQI).

Stocks reversed course mid-week and made solid gains today thanks to bargain-hunters who were on the prowl, and on rumors that China may release a new stimulus package. Some of today’s small-cap gainers were Toreador Resources (Nasdaq:TRGL), DryShips (Nasdaq:DRYS) and ADC Telecommunications (Nasdaq:ADCT).

Other Market Watch highlights today included:

• The Russell 2000 (NYSE:IWM) closed up 6.46, or 1.79%, to 367.47. The Dow closed up 2.09% to 6,866.44 and the S&P 500 closed up 2.38% to 712.87. 
• For the year, the Russell is now down 26.43%, the Dow is down 21.76% and the S&P 500 is down 21.08%.
• The Fed released a survey today that showed the U.S. economy has deteriorated in the past 2 months and that the outlook for a quick recovery is bleak.
• ADP Employer services reported this morning that private employers cut 697,000 jobs in February versus a revised 614,000 jobs lost in January. The January job cuts were originally reported at 522,000.
• Rumors that China may announce a huge stimulus bill lifted global stock markets higher overnight.
• The Obama administration released a foreclosure prevention program today that also helped buoy stocks higher.
• Oil prices climbed 9% to $45.38 after global stock markets rallied and the U.S. government reported that crude levels in storage unexpectedly shrank.

Small Cap Gainers:

• Toreador Resources Corporation climbed 25% today after completing its Black Sea assets sale. See (Nasdaq:TRGL).
• DryShips closed up 40% following an update of its sale and purchase activities released on Tuesday. See (Nasdaq:DRYS).
• ADC Telecommunications rose 29% after reporting Q1 results and . . .

Stocks are trading higher today on rumors that China may release a new economic stimulus package soon.

At 1:35 pm ET, the Russell 2000 (NYSE:IWM) is up 6.46, or 1.79%, at 367.47. The Dow is up 2.09% at 6,866.44, and the S&P 500 is up 2.03% at 710.45.

The Obama administration released a foreclosure prevention program today that also helped buoy stocks higher. The $75 billion plan targets 9 million borrowers, and aims to help more homeowners refinance into lower interest rates, and offers incentives to lenders to restructure mortgages to affordable levels.

ADP Employer services reported this morning that private employers cut 697,000 jobs in February versus a revised 614,000 jobs lost in January. The January job cuts were originally reported at 522,000.

Small caps on the move this afternoon include Toreador Resources Corporation (Nasdaq:TRGL), up nearly 30% after completing its Black Sea assets sale. DryShips (Nasdaq:DRYS) is 33% higher after announcing an update of its sale and purchase activities, and ADC Telecommunications (Nasdaq:ADCT) is flying 22% higher after reporting Q1 results and announcing it will cut 600 jobs.

Obama the Analyst

President Obama said stocks look like a good buy here, if you have a long-term perspective. Thanks for that, I feel much better now.

*****As much time as Fed Chief Bernanke spends before Congress, it's amazing he gets any work done. 
I have to say, I'm starting to like Bernanke. His forthright talk is certainly a refreshing change from Greenspan's garbled speech. Yesterday, he expressed his feelings about all the bailouts. From Bloomberg:

"If there is a single episode in this entire 18 months that has made me more angry, I can't think of one other than AIG," Bernanke said. "AIG exploited a huge gap in the regulatory system, there was no oversight of the financial-products division, this was a hedge fund basically that was attached to a large and stable . . .

The Russell 2000 (NYSE:IWM) rose higher at closing, outpacing many large-cap indices that slumped on weak financial and energy stocks. Some of today’s small-cap gainers were Integrated Electrical Services (Nasdaq:IESC), Blyth (NYSE:BTH) and Volt Information (NYSE:VOL).

Other Market Watch highlights today included:

• The personal income data came in at minus 0.2%, which was slightly below the forecast for a decline of 0.3%.
• For the year, personal income was up 3.7%, which marked the smallest rise since 2003. 
• The ISM Manufacturing Survey came in at 35.6, which was a little better than the projection of 33, but still historically low.
• For the year, the Russell is down 9.9%, while the Dow is off 9.5% and the S&P 500 is down 8.6%.
• The tech-laden Nasdaq 100 advanced 1.3% on the day, with semiconductor stocks, systems software manufacturers and telecoms leading the way.
• It was interesting to see small caps diverge away from energy stocks today, as the Energy Select Sector SPDR Fund fell 1.6%.
• More often than not, small caps tend to track energy trends fairly closely, partly because of all the small-cap energy firms in play.
• The U.S. dollar started out the day higher against the euro, but gave back those gains by the close. 

Small Cap Gainers:

• Integrated Electrical Services Inc. jumped 26% ahead of earnings news slated to come after Monday’s close. See (Nasdaq:IESC).
• Blyth Inc. staged an impressive bullish key reversal by making new lows for the move then storming higher on unusually brisk volume. The home fragrance . . .

Small-cap stocks started out the week on the same bearish trajectory that was in play late last week, and some of the same themes were blamed for this morning’s ugly start, including worries over corporate profits, the deepening recession and delays on various government stimulus programs. At 10:02 a.m. ET, the Russell 2000 (NYSE:IWM) was down 3.47, or 0.78%, at 440.05.

The ISM Manufacturing Survey came in at 35.6, which was a little better than the projection of 33, but still historically low. The stock market appeared to bounce mildly off the morning lows after the report came out.

Earlier this morning ahead of the opening, the personal income report showed a slight upside surprise in the headline income figure, which came in at minus 0.2%, just above the projection for a decline of 0.3%. However, the spending figure fell 1.0% after being down 0.8%, which shows consumers are retrenching their spending habits to brace for the recession.

Some of today’s early pullback was likely fueled by declines in overseas markets, with Europe off about 2% into the U.S. open, while Asian stocks fell 1.8%. Japan was down 1.5%, while Hong Kong was down 3.1%, Singapore off 2.3%, South Korea down 1.5% and India off 3.7%.

In Europe, bank and financial stocks were in retreat mode following credit agency downgrades for massive bank Barclays. Here in the United States, worries about the housing and credit crises continue to plague bank stocks, which were off . . .

DryShips Inc. (Nasdaq:DRYS), ADC Telecommunications Inc. (Nasdaq:ADCT) and GeoResources Inc. (Nasdaq:GEOI) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), TBS International Ltd. (Nasdaq:TBSI), ASM International NV (Nasdaq:ASMI), Tech Data Corp. (Nasdaq:TECD), Dime Community Bancshares Inc. (Nasdaq:DCOM) and TASER International Inc. (Nasdaq:TASR).

Small-cap stocks extended the morning rally into midday trading, boosted by surging commodity stocks, which more than offset sloppy action among financial shares. Some of today’s small-cap gainers are American Land Lease Inc (NYSE:ANL), Atlas Pipeline Holdings LP (NYSE:AHD) and Thermadyne Holdings Corp.  (Nasdaq:THMD).

Other Market Watch highlights today included:

• Copper, a key indicator of economic growth, mounted a bounce today, climbing nearly 4% in U.S. trading.  
• The bounce in crude oil prices helped lift energy stocks, with the Energy Select Sector SPDR Fund up 4.8%.  
• Crude oil prices jumped nearly $2.50 a barrel into mid-session despite a rise on weeKly inventory data.  
• The top-performing sectors were dominated by commodities: coal, gold, oil and gas drillers, aluminum, metal and mining shares are all up. 

Small Cap Gainers:

• American Land Lease Inc. is up 221% as the real estate investment trust agreed to a buyout for $14.20 a share, a 264% premium to Tuesday’s closing price. See (NYSE:ANL).
• Atlas Pipeline Holdings LP jumped 43% and appears set to close above the 20-day moving average for the first time since late September. See (NYSE:AHD).  
• Thermadyne Holdings Corp. surged 26% as the metal cutting and welding product maker benefited from the commodity rally. See (Nasdaq:THMD).  
• Brinker International Inc. rose 18% as the operator of Chili’s, Macaroni Grill and other restaurants continues to climb off the November lows. See (NYSE:EAT).  

Small Cap Losers:

• NOVA Chemicals Corp. is off 12%, setting fresh 52-week lows a day after the Canadian plastics manufacturer announced that the CEO would retire next spring. See (NYSE:NCX).
• ADC Telecommunications Inc. tumbled 15% after releasing quarterly results. See (Nasdaq:ADCT).  
• Arena down 12% in pre-market after insomnia drug candidate fails in study. See (Nasdaq:ARNA).  
• Metalico files shelf registration, shares down 2% in after hours. See (NYSE:MEA).

Small-cap stocks opened higher, bolstered by hope that a rescue package for embattled U.S. automakers is finally within reach. Still, Republican lawmakers have been threatening some type of filibuster, so tension about the proposed $15 billion bailout remains high. Worries about fresh corporate profit warnings could take some starch out of buying enthusiasm, but an early bounce in commodities should provide support to stocks with commodity themes.  Some of today’s small-cap gainers are DryShips (Nasdaq:DRYS), Excel Maritime (NYSE:EXM) and Eagle Bulk Shipping (Nasdaq:EGLE).

Other Market Watch highlights today included:
•    Crude oil prices were on the rebound this morning, climbing about $2 a barrel amid talk of OPEC production cuts.  
•    The wholesale inventory report came out at minus 1.1%, which was quite a bit worse than the forecast for a drop of 0.1%.  
•    Republican lawmakers have been threatening some type of filibuster, so tension about the proposed $15 billion bailout remains high.  
•    Today watch to see how miners react to news that Rio Tinto (3rd-largest mining co.) will slash 13% of its workforce, reduce capital spending.

Small Cap Gainers:

• Drybulk shippers are rallying again today with DryShips Inc. up 21%, Excel Maritime Carriers Ltd. up 17% and Eagle Bulk Shipping Inc. up 15%. See (Nasdaq:DRYS), (NYSE:EXM) and (Nasdaq:EGLE).  
• South African paper maker Sappi Ltd. jumped 16% with the overall commodities rise and as South African shares in general were in rally mode this morning. See (NYSE:SPP).  
• Arc Sight Inc. rallied 13% as the security solutions provider got an earnings-related lift. See (Nasdaq:ARST).  
• West Coast Bancorp to open new branch in Dundee, Oregon on Jan. 5; shares up 4% in after hours. See (Nasdaq:WCBO).

Small Cap Losers:

• ADC Telecommunications Inc. tumbled 15% after releasing quarterly results. See (Nasdaq:ADCT).  
• Arena down 12% in pre-market after insomnia drug candidate fails in study. See (Nasdaq:ARNA).  
• Metalico files shelf registration, shares down 2% in after hours. See (NYSE:MEA).

Small-cap stocks opened higher, bolstered by hope that a rescue package for embattled U.S. automakers is finally within reach. Still, Republican lawmakers have been threatening some type of filibuster, so tension about the proposed $15 billion bailout remains high. Worries about fresh corporate profit warnings could take some starch out of buying enthusiasm, but an early bounce in commodities should provide support to stocks with commodity themes. At 10:01 a.m. ET, the Russell 2000 (NYSE:IWM) was up 6.21, or 1.33%, at 471.92.

The wholesale inventory report came out at minus 1.1%, which was quite a bit worse than the forecast for a drop of 0.1%. Earlier this morning the weekly MBA Mortgage Application Index slipped 7.1% after a stunning 112% rise last week. That dramatic jump in mortgage applications last week sparked a three-day upside run for homebuilder stocks, but the move has cooled a bit in recent days. Mortgage rates are now at the lowest point since March 2004, but activity could be hindered a bit by the ongoing credit crisis, which has heightened lending standards and in some cases clamped down lending altogether.

All eyes today will be watching progress on the auto bridge loan package. Optimism that a deal was close sparked a rally in Asian carmaker stocks and the overall Asian equity market overnight. For instance, Honda shares were up 10.3%, Hyundai up 9.1%, Kia up 8.5% and Nissan up 5.2%, with Asian stocks overall up more than 3%.

Crude oil prices were on the rebound this morning, climbing about $2 a barrel amid talk of OPEC production cuts. Commodities in general were solid performers early on, especially the metals segment. Energy stocks were up 3.2% shortly after the open. Within the commodities realm, mining stocks were in the news overnight as Rio Tinto, the world’s third-largest miner, announced plans to eliminate 14,000 jobs, trim capital spending and sale assets to raise cash. Rio Tinto shares rallied sharply in Europe on the news and were up 17% in early U.S. trading.

Tuesday’s slide in U.S. equities appeared to be sparked by a spooky four-week bill auction, which came in at 0.000% with a 4.20 bid-to-cover ratio. When . . .

ADC Telecommunications Inc. (Nasdaq:ADCT) has sunk 22% in pre-market trading today after the company lowered its 2008 full-year guidance after Tuesday’s close. The company expects earnings per share between $0.18 and $0.26 per share, compared with previous estimates of $0.31 to $0.39 a share. Sales from continuing operations should be in the range of $1.5 billion and $1.52 billion versus previous estimates of $1.52 billion and $1.54 billion. ADC supplies products and services for broadband communications network infrastructure. The Eden Prairie, Minn.-based company said it lowered its guidance because of lower copper and fiber connectivity product sales.

Before today’s opening, shares are at $10.45, down $2.92 from Tuesday’s close.