Tag - Ctcm

Macerich REIT (Nasdaq:MAC), CTC Media Inc. (Nasdaq:CTCM) and Isle of Capri Casinos Inc. (Nasdaq:ISLE) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Ashland Inc. (Nasdaq:ASH), Asset Acceptance Capital Corp. (Nasdaq:AACC), Canadian Solar Inc. (Nasdaq:CSIQ), C&F  Financial Corp. (Nasdaq:CFFI), Middleburg Financial Corp. (Nasdaq:MBRG) and M I Homes Inc. (Nasdaq:MHO).

 

After staying positive through most of Thursday’s trading, small caps eventually tumbled at closing. Some of today’s small-cap gainers were CTC Media (Nasdaq:CTCM), Cogent Communications (Nasdaq:CCOI) and Broadpoint Securities (Nasdaq:BPSG).

Other Market Watch highlights today included:

• The Russell 2000 (NYSE:IWM) closed down 8.49, or 2.11%, to 392.95. The Down closed down 1.22% to 7,182.08, while the S&P 500 tumbled 1.58% to 752.83.
• For the year, the Russell is now down 21.32%, the Dow is down 18.17% and the S&P 500 is down 16.65%. 
• President Obama's budget proposal was sent to Congress today and projects that the government's deficit for this year will jump to $1.75 trillion
• Today the Commerce Department reported that orders for big-ticket goods plunged by a bigger-than-expected 5.2% in January as global economic troubles cut into demand from U.S., global customers. The report shows that orders have fallen for six straight months.
• New-home sales numbers fell to a record low pace — 10.2% — in Jan. to 309,000. This is the worst number on record since 1963. Prior to the release, the all-time low had been set in Sept. 1981.
• In other data out this morning, the Labor Dept. said continuing jobless claims hit a new record in the second week of Feb., increasing 114,000 to 5.113M. The forecast was for 5M. 
• In overnight news, Swiss banking giant UBS AG has announced it will replace its chief executive.
• Health care stocks led the market lower Thursday after the White House mulls cutting payments to private insurance plans.
• The Federal Deposit Insurance Corp. said today that U.S. banks lost . . .

Small-cap stocks extended the opening slide after Treasury Secretary Henry Paulson suggested that the government’s initial plan to rescue our fragile financial system by scooping up bad debt off the books of financial firms wasn’t that great of an idea after all. A lack of confidence in the rescue plan simply added to existing jitters about the economy and the corporate profit outlook. Today’s small-cap gainers are Rex Energy (Nasdaq:REXX), CTC Media (Nasdaq:CTCM) and Ticketmaster (Nasdaq:TKTM).

Other Market Watch highlights today included:

• Anything currently linked to Russia is trouble; the Russian Stock Exchange closed for 2 days to stem massive selling in Russian equities.  
• The U.S. dollar was down mildly against the euro, but absolutely tanking against the Japanese yen, losing some 2.1%.  
• Treasury markets rallied as equity markets tumbled, reflecting flight toward “safe haven” outlets and away from stocks.  
• Small caps are down neaerly 4% after Paulson said the govt. would scrap the original “rescue” plan, in lieu of a better alternative.  

Small Cap Gainers:

• Rex Energy trading up over 10% after clocking a profit in Q3 on Nov. 7. See (Nasdaq:REXX).
• CTC Media reports inducement grant under NASDAQ marketplace rule 4350. Shares up 8.4%. See (Nasdaq:CTCM).  
• Ticketmaster Entertainment posts Q3 revenue increase, removes convenience fees for certain concerts. Shares trading up 6% this morning. See (Nasdaq:TKTM).  
• FalconStor Software, Inc. up 5% on higher-than-average volume. See (Nasdaq:FALC).  

Small Cap Losers:

• Wimm-Bill-Dann Foods OJSC tumbled 24% on news that ratings agency Moody’s downgraded the firm’s debt. See (NYSE:WBD).  
• Though crude prices are down, select airlines are struggling. UAL Corp. is down 23%, US Airways is off 20% and Alaska Air is down 7.5%. See (Nasdaq:UAUA), (NYSE:LCC) and (NYSE:ALK).  
• Central European Distribution Corp., the largest vodka producer in Poland, tumbled 21%. See (Nasdaq:CEDC).  
• Hadera Paper Ltd., an Israeli company that specializes in manufacturing and recycling of paper products, was off 20% after reporting earnings. See (NYSE:AIP).