Tag - Cri

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 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).