Tag - Bgh

Small caps remained lower into midday trading, unable to draft off support from moderate gains in large caps as investors still have risk aversion on their mind. Energy stocks were providing a lift to large caps, but financial shares were struggling, pulling down lots of small banks in the small-cap universe. Today’s small-cap gainers are Silver Standard Resources Inc. (Nasdaq:SSRI), Exterran Partners (Nasdaq:EXLP) and Deltek (Nasdaq:PROJ).

Other Market Watch highlights today included:

• The Financial Select Sector SPDR was down 4.3% at midday.  
• Financial shares remain a big drag on the market, with Citigroup Inc. extending the freefall.  
• Small caps remained lower into midday trading, unable to draft off support from moderate gains in large caps.  
• Researchers at Goldman Sachs today said that the upcoming November employment report will be the worst yet for 2008. 

Small Cap Gainers:

• Gold and silver companies dominated the top percentage gainers on the Nasdaq; Silver Standard Resources Inc. is rising 18%. See (Nasdaq:SSRI).   
• Exterran Partners is up 18% on light volume as energy-related stocks are on the rise today. See (Nasdaq:EXLP).  
• Deltek up 15% today following SC&H Group's announcement earlier this week of a business partnership with the small cap. See (Nasdaq:PROJ).
• China Sky One Medical is up 7% on light volume following news this week that the small cap obtained production rights for nine new drugs. See (Nasdaq:CSKI). 

Small Cap Losers:

• Buckeye shares fall 26% after BGH terminates tender offer. See (NYSE:BGH).  
• Shares of Media General are down another 26% today following news Thursday that Harbinger Capital sold stock in the newspaper publisher. See (NYSE:MEG).
• Collective Brands Inc. is off 25% as the holding company for Payless Shoes and Stride Rite plunged to fresh 52-week lows See (NYSE:PSS).  
• Red Robin Gourmet Burgers Inc. is down 23% as the casual dining restaurant chain also made new move lows. See (Nasdaq:RRGB).  

Small caps dove 5.43% on Wednesday, marking the second-lowest close in five years (both of those closes have taken place within the last three weeks). Today’s small-cap gainers are Carter’s Inc. (NYSE:CRI), Vascular (Nasdaq:VASC) and BGH GP Holdings (NYSE:BGH).

Other Market Watch highlights today include:

• The Russell is now down 33.4% for 2008, while the Dow is off 36.36% and the S&P 500 is down 38%.
• Concerns that consumer spending and a global growth stall will pinch corporate profits even more in the months to come clearly had a negative impact on stocks.
• Commodity firms dominated the list of worst performing sectors today, paced by metal and mining shares, coal stocks, oil and gas drillers, aluminum and gold. 
• The headline news on the commodity front was clearly crude oil, which collapsed 7.5%, or more than $5 a barrel and is now back below $67 — down some 54% from the summer peak.
• Other sectors taking a body blow today included motorcycle manufacturers, restaurants, tobacco companies and internet retail stocks.
• The slide in commodities was reflected by a huge decline in the Commodity Research Bureau Index, which tumbled 4.5% to the lowest point since August 2004.

Small Cap Gainers:

• Children's apparel market Carter's Inc. raised to "buy" from "hold;" reports solid Q3 results. Shares closed up over 13%. See (NYSE:CRI).
• Vascular jumped 15% after Q3 EPS beat the Street by 57%, as the . . .

Small-cap stocks cascaded lower Wednesday as a spree of soft earnings reports and a dreary outlook as the economy veers into recession took a toll on the market. The Russell 2000 (NYSE:IWM) closed down 28.85, or 5.43% at 501.97. This was the second-lowest close in five years, and both of those closes have taken place within the last three weeks. This also marked the fifth-largest one-day decline of the year. The Russell is now down 33.4% for 2008, while the Dow is off 36.36% and the S&P 500 is down 38%. Although the Russell and Dow averted sinking to fresh closing lows for the bear market collapse, the S&P 500 and Nasdaq 100 did set new closing lows.

Although there were isolated upside earnings surprises as the market digests a flood of key reports this week, the overriding investor sentiment right now is that the results are relatively soft and were already watered down to begin with (from an expectation standpoint). What’s more, concerns that consumer spending and a global growth stall will pinch corporate profits even more in the months to come clearly had a negative impact on stocks. Even the companies with solid profits were wary of the operating environment heading into 2009. Even McDonald’s Corp. (NYSE:MCD) — which by most accounts posted impressive results — was unable to post a positive close for the day.

Another theme that remained at play was the wipeout in commodity valuation and the impact that had on stocks with commodity themes. Commodity firms dominated the list of worst performing sectors today, paced by metal and mining shares, coal stocks, oil and gas drillers, aluminum and gold. Other sectors taking a body blow today included motorcycle manufacturers, restaurants, tobacco companies and internet retail stocks. On a depressing side note, there wasn’t even one broad S&P sector group in the plus column late this afternoon.

The slide in commodities was reflected by a huge decline in the Commodity Research Bureau Index, which tumbled 4.5% to the lowest point since August . . .

Buckeye Gp Holdings LP (Nasdaq:BGH), Vascular Solutions Inc. (Nasdaq:VASC) and Cascade Financial Corp. (Nasdaq:CASB) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Hawaiian Holdings Inc. (Nasdaq:HA), Chemed Corp. (Nasdaq:CHE), US Airways Group Inc. (Nasdaq:LCC), Avocent Corp. (Nasdaq:AVCT), CSG Systems International Inc. (Nasdaq:CSGS) and Encore Bancshares Inc. (Nasdaq:EBTX).

Here are the biggest percentage gainers among small caps:

Small-cap stocks fell hard on the opening, pressured by a run of weak guidance projections on recession fears from the flood of quarterly earnings reports and by a steep slide in equity markets around the world overnight. Today’s small-cap gainers are BGH GP Holdings (Nasdaq:BGH), Carter's Inc (Nasdaq:CRI) and Compellent Technologies (Nasdaq:CML).

Other Market Watch highlights today included:

• The U.S. dollar continues to soar against the euro, climbing some 1.6% this morning to the highest point in about two years.  
• European and Asian equity markets were in a tailspin overnight, with Japan’s Nikkei sinking 6.8%, Singapore tumbling 5.2% to four-year lows and India shares off 4.8%.  
• A “V” shape would imply a relatively quick bounce out of the lull, while a “U” shape would imply a more prolonged slump.
• Debates are already underway in the economic analysis community about whether or not the U.S. economy will see a “V” or “U” shaped recovery out of the recession.

Small Cap Gainers:

• BGH GP Holdings up 17% after stating that it made a buyout offer for Buckeye GP’s remaining shares for $17 per share. See (NYSE:BGH). 
• Children's apparel market Carter's Inc. raised to "buy" from "hold;" reports solid Q3 results. Shares up over 15%.  See (NYSE:CRI).
• Compellent Technologies generates profit in Q3 2008. Shares up 10%. See (NYSE:CML).  
• United Airlines' parent company UAL Corp. recorded a $779 million 3Q loss on fuel Tuesday. Shares are up 12% today. See (Nasdaq:UAUA).  
• Cascade Bank posted a wider-than expected on government’s nationalization of Fannie and Freddie. See (Nasdaq:CASB). 

Small Cap Losers:

• Telecom Argentina skids 19% in the wake of Argentine government’s nationalization of pension plans. See (NYSE:TEO).  
• Hancock Holding Co. off 16% after posting lower earnings that missed the Street by 24%. See (Nasdaq:HBHC).  
• Foundation Coal Holdings Inc. is down 21% after releasing quarterly earnings. See (NYSE:FCL).  
• Kindred Healthcare slips 32% after lowering Q4 and 2008 guidance, reflecting softer hospital operating results. See (NYSE:KND).