Tag - Ctdc

China Technology Development Group Corp. (Nasdaq:CTDC) is up more than 8% today in pre-market trading after solar energy product producer announced it had signed an letter of intent with China Merchants Zhangzhou Development Zone to jointly develop the Xiamen Bay Solar City. According to the terms of the collaboration, 100 acres inside the China Merchants Zhangzhou Development Zone will be devoted to the construction of the solar city project, which will open next year, China Technology said.

Shares of China Technology Development Group Corp. are up $0.34 to $4.36 ahead of today’s opening.

China Precision Steel Inc (Nasdaq:CPSL), City Telecom Ltd (Nasdaq:CTEL) and Pyramid Oil Co (Nasdaq:PDO) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $750 million.

Royale Energy Inc (Nasdaq:ROYL), China Technology Development Group Corp (Nasdaq:CTDC) and Cheniere Energy Inc (Nasdaq:LNG) are also among the biggest percentage gainers.

Here are the biggest percentage gainers among small caps:

Synchronoss Technologies Inc (Nasdaq:SNCR), DrdGold ADR (Nasdaq:DROOY) and Ricks Cabaret International Inc (Nasdaq:RICK) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $750 million.

True Religion Apparel Inc (Nasdaq:TRLG), China Technology Development Group Corp (Nasdaq:CTDC) and EMCORE Corp (Nasdaq:EMKR) are also among the most actively traded companies.

Here are the most actively traded companies among small caps:

Central Garden & Pet Co. (Nasdaq:CENT), Gibraltar Industries Inc (Nasdaq:ROCK) and Overhill Farms Inc (Nasdaq:OFI) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $750 million.

RH Donnelley Corp (Nasdaq:RHD), China Technology Development Group Corp (Nasdaq:CTDC) and Colfax Corp (Nasdaq:CFX) are also among the biggest percentage gainers.

Here are the biggest percentage gainers among small caps:

Emcore Corp (Nasdaq:EMKR), Akeena Solar Inc (Nasdaq:AKNS) and China Direct Inc (Nasdaq:CDS) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $750 million.

Synchronoss Technologies Inc (Nasdaq:SNCR), Nighthawk Radiology Holdings Inc (Nasdaq:NHWK) and China Technology Development Group Corp (Nasdaq:CTDC) are also among the most actively traded companies.

Here are the most actively traded companies among small caps:

After declining in morning trading, small-cap stocks began a rally around 10 a.m. ET, surging to more than 729. Better-than-expected earnings from several small-cap companies helped to act as a catalyst for the market rally. At 1:24 p.m. ET, the Russell 2000 (NYSE:IWM) was up 5.60, or 0.77%, at 729.95.

Despite the rally, several bearish indicators gave investors pause early in the session. Federal Reserve Chairman Ben Bernanke said late Monday that increasing home foreclosures might harm the economy. Adding to investors’ concerns was mortgage firm Fannie Mae’s (NYSE:FNM) reported a $2.2 billion loss on credit-associated costs, which enabled the company to post a wider-than-expected quarterly loss of $2.5 billion. Swiss banking giant UBS AG (NYSE:UBS) reported early Tuesday that it will cut 5,500 employees and sell $15 billion in risky debt to BlackRock, Inc. (NYSE:BLK) at 25% off its face value.

Among sectors, the big losers include airlines, water utilities, fabricated plastic and rubber materials producers and personal services firms. On the flip side, companies associated with oil and gas operations, coal, motion picture services, gold and silver were gaining ground.

Some of the firms that have broken out in Tuesday’s trading include China Finance Online Co. (Nasdaq:JRJC), which broke through $23 resistance and is now up about 9% at $23.94. After experiencing a sell-off at $56.75, vacuum and . . .

RH Donnelley Corp (NYSE:RHD), Innophos Holdings Inc (Nasdaq:IPHS) and Dixie Group Inc (Nasdaq:DXYN) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $750 million.

Hudson Highland Group Inc (Nasdaq:HHGP), China Technology Development Group Corp (Nasdaq:CTDC) and Citizens Republic Bancorp Inc (Nasdaq:CRBC) are also among the biggest percentage gainers.

Here are the biggest percentage gainers among small caps:

Isramco, Inc. (Nasdaq:ISRL), USEC Inc. (NYSE:USU) and Graham Corp. (AMEX:GHM) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $750 million.

BioMimetic Therapeutics, Inc. (Nasdaq:BMTI), Rand Logistics Inc. (Nasdaq:RLOGU) and China Technology Development Group Corp. (Nasdaq:CTDC) are also among the top small-cap percentage gainers.

Here are Thursday's biggest percentage gainers among small caps:

The Russell 2000 (NYSE: IWM) and the other major U.S. indices are posting gains on news of a better-than-expected jobs report.
 
At 10:47 a.m. ET, the small-cap index had added 0.97 points, or 0.13%, to 754.52. The Dow Jones Industrial Average (INDU) was up 28.61 points, or 0.22%, to 13,072.57.

Stocks both small and large are in positive territory following the release of a report that showed higher-than-expected U.S. private sector job growth.

Nonfarm private employment increased 40,000 in December, according to Automatic Data Processing, Inc. (NYSE: ADP). The provider of business outsourcing solutions said that small- and medium-sized businesses more than accounted for the rise, adding 75,000 jobs. Meanwhile, larger companies cut 35,000 jobs.

ADP said that the gain was greater than forecasted, but warned that the numbers show a slowing of nonfarm private employment. The three-month period from September through November averaged 118,000 new jobs.

The data is consistent with a slowing economy.

The Russell 2000 (NYSE: IWM) futures are gaining ground on the second to last trading day of the year amid news of possible asset sales by big banks.

Citigroup Inc. (NYSE: C) and HSBC Holdings, are among U.S. and European banks that are considering major asset sales, The Wall Street Journal is reporting this morning. Citigroup could sell an 80%-held student loan, its North American auto-lending unit, its 24% stake in Brazil credit-card operation Redecard and the bank's Japanese consumer finance business. HSBC might liquidate its auto-finance business.

The Census Bureau is expected to report new home sales for the month of November at 10 a.m. ET. Economists are that forecasting new home sales slid to 715,000 from 728,000 in October.

Also due out at 10 a.m. ET, the Chicago arm of the National Association of Purchasing Managers will report Chicago-area manufacturing index. The index is forecasted to edge down to 52 from 52.9 the previous month. A reading above 50 signals factory-sector expansion, while a reading below 50 signals contraction.

In small-cap news, a judge ruled Thursday that The Finish Line, Inc. (Nasdaq: FINL) must complete its $1.5 billion acquisition of mall retailer Genesco Inc. (NYSE: GCO) because it and advisor UBS reportedly knew about risks to Genesco's earnings. Finish Line said it may appeal.

Stocks also advanced as investors increased odds that the Federal Reserve will cut interest rates, quelling concerns of a recession.

Biggest percentage gainers:

• Chordiant Software Inc. (CHRD), up 15.8% to $9.40 on news that it that it has entered into a Global Framework Agreement with a leading telecommunications company for $26.1 million.
• Telestone Technologies Corp. (TSTC), up 5.3% to $6.86.
• Allos Therapeutics, Inc. (ALTH), up 5.3% to $7.

Biggest percentage losers:

• Cirrus Logic Inc. (CRUS), down 4.9% to $5.
• American Dental Partners, Inc. (ADPI), down 2% to $10.
• China Technology Development Group Corporation (CTDC), down 1.7% to $9.76.

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are continuing to tumble on weaker-than-expected durable goods orders and lackluster financial firm news, magnifying investors’ already present concerns surrounding a possible economic slowdown.

News of the assassination of former Pakistani Prime Minister Benazir Bhutto only added to the unsettling economic data, shaking the markets.

At 1:36 p.m. ET, the small-cap index was down 15.14 points, or 1.9%, to 781.89. The Dow was down 151.28 points, or 1.12%, to 13,400.41.

Durable goods orders for the month of November edged up a less-than-forecasted 0.1% from October’s 0.4% decline. Economists were forecasting an increase of 2.5%.

In corporate news, Goldman Sachs issued a note late Wednesday speculating that financial juggernaut Citigroup Inc. (NYSE: C) might have to slash its dividend by 40% in light of now greater-than-forecasted write-downs for bad bets on collateralized debt obligations. Goldman is now projecting write-downs in the neighborhood of $18.7 billion, up from the investment bank’s previous estimate of $11 billion.

In related news surrounding the unfolding of the credit crisis, Fitch Ratings put 205 residential mortgage-backed securities backed by bond insurers, including MBIA and Ambac Financial Group, on review for a downgrade.

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are declining as news of the assassination of former Pakistani Prime Minister Benazir Bhutto and weak durable-goods data spooks the markets. Negative news overshadowed U.S. consumer confidence, which rose unexpectedly in December.

At 11:10 a.m. ET, the small-cap index was down 12.69 points, or 1.59%, to 784.34. The Dow was down 124.53 points, or 0.92%, to 13,427.16.

The slip in stocks followed on the heels of reports that Pakistani opposition leader Bhutto was assassinated in a suicide bombing while attending a political rally. Crude-oil futures rose on news of Bhutto’s murder, as energy traders are nervous about volatility in the Middle East.

Crude-oil futures are trading about $96 a barrel in morning trading. Energy traders are also anticipating the release of weekly data that are expected to show a decline in U.S. crude inventory.

The Labor Department reported this morning reported that initial jobless claims for the week ended Dec. 22 increased by 349,000, compared with an increase of 346,000 the previous week.

The Russell 2000 (NYSE: IWM) futures are treading flat this morning as traders digest a slew of economic news and dreary corporate news surrounding the credit crunch.

The Labor Department reported this morning reported that initial jobless claims for the week ended Dec. 22 increased by 349,000, compared with an increase of 346,000 the previous week.

Durable goods orders for the month of November edged up a less-than-forecasted 0.1% from October’s 0.4% decline. Economists were forecasting an increase of 2.5%.

The Mortgage Bankers Association released its weekly Mortgage Applications Survey — a survey that tracks mortgage applications volume for new homes purchased and for mortgage refinancing activity — for  the week ending Dec 21. Mortgage applications slid to 603.8 from last week’s 653.8.

In corporate news, Goldman Sachs issued a note late Wednesday speculating that financial juggernaut Citigroup Inc. (NYSE: C) might have to slash its dividend by 40% in light of now greater-than-forecasted write-downs for bad bets on collateralized debt obligations. Goldman is now projecting write-downs in the neighborhood of $18.7 billion, up from the investment bank’s previous estimate of $11 billion.

In related news surrounding the unfolding of the credit crisis, Fitch Ratings put 205 residential mortgage-backed securities backed by bond insurers, including MBIA and Ambac Financial Group, on review for a downgrade.

After dipping in morning and early-afternoon trading, the Russell 2000 (NYSE: IWM) rallied on strong gains from Chinese solar companies. The Dow Jones Industrial Average (INDU) fell throughout the trading day but ended up slightly despite news of weaker-than-expected holiday retail sales and a bleak report on housing prices.

At the close of trading, the small-cap index gained 2.64 points, or 0.33%, to 797.03. The Dow was up 2.36 points, or 0.02%, to 13,551.69.

As the holiday shopping season draws to a close, the latest retail sales suggest the housing debacle and continued high oil prices are claiming the consumer and roiling retailers. News out from Target Corporation (NYSE: TGT) and MasterCard Incorporated (NYSE: MA) in particular are weighing on the indices today.

Discount retailer Target warned on Tuesday that its sales may have declined in the month of December since the Thanksgiving holiday and lowered its same-store sales outlook for the month to a 1% decrease from a 1% increase. This compares with the retailer’s previous forecast of a gain of 3% to 5%.

MasterCard added to the glum retail report after it reported that holiday spending, which includes credit, cash and checks, only rose 2.4% due to softer sales of women's apparel.

The International Council of Shopping Centers-UBS added a broader gauge when it reported its Retail Chain Store Sales Index rose by 2.8% for the week of Dec. 22 from the previous week. The ICSC, however, warned that retail industry sales might not meet its original guidance. Actual December sales figures will not be disclosed until mid-January.

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are continuing to careen for the first session in four trading days after news of weaker-than-expected holiday retail sales and a bleak report on housing prices.

At 1:10 p.m. ET, the small-cap index had shed 0.36 points, or 0.05%, to 794.03. The Dow was down 17.07 points, or 0.13%, to 13,532.23.

As the holiday shopping season draws to a close, the latest retail sales suggest the housing debacle and continued high oil prices are claiming the consumer and roiling retailers. News out from Target Corporation (NYSE: TGT) and MasterCard Incorporated (NYSE: MA) in particular are weighing on the indices today.

Discount retailer Target warned on Tuesday that its sales may have declined in the month of December since the Thanksgiving holiday and lowered its same-store sales outlook for the month to a 1% decrease from a 1% increase. This compares with the retailers previous forecast of a gain of 3% to 5%.

MasterCard added to the glum retail report after it reported that holiday spending, which includes credit, cash and checks, only rose 2.4% due to softer sales of women's apparel.

The International Council of Shopping Centers-UBS added a broader gauge when it reported its Retail Chain Store Sales Index rose by 2.8% for the week of Dec. 22 from the previous week. The ICSC, however, warned that retail industry sales might not meet its original guidance. Actual December sales figures will not be disclosed until mid-January.

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are backpedaling after a poor report on housing prices and weaker-than-expected retail sales. Target Corp. (NYSE: TGT) warned after Monday’s close that December sales may decline and are running below expectations.

At 10:46 a.m. ET, the small-cap index was down 5.2 points, or 0.65%, to 789.19. The Dow was down 41.78 points, or 0.31%, to 13,507.55.

Holiday spending increased 3.6% compared with a year earlier, according to MasterCard Advisors LLC. The increase was less than economists expected. Because gas prices increased during the period, actual sales were less than the reported total.

In economic news, home prices in 20 large U.S. cities dropped 6.1% compared with a year ago, according to a report by Stand & Poor/Case-Shiller. The report said only three areas — Charlotte, N.C., Portland, Ore. and Seattle, Wash.  — showed positive annual growth in home prices.

Separately, Berkshire Hathaway Inc., billionaire investor Warren Buffett's holding company, said it will acquire a $4.5 billion stake, or 60%, of industrial company Marmon Holdings Inc. Berkshire is said to purchase the remainder of the company in stages by 2014.

The price of crude oil rose on worries that shipments from Iraq could be disrupted after the Turkish military attacked bases of Kurdish rebels in northern Iraq.

Biggest percentage gainers:

• Ohio Legacy Corp. (Nasdaq: OLCB), up 23.5% to $6.20
• Shiloh Industries, Inc. (Nasdaq: SHLO), up 20.9% to $10.49.
• China Technology Development Group Corp. (Nasdaq: CTDC), up 20.5% to $6.99.

Biggest percentage losers:

• Immtech Pharmaceuticals, Inc. (AMEX: IMM), down 12.8% to $5.10.
• Carrollton Bancorp (Nasdaq: CRRB), down 11.5% to $11.50.
• Prospect Capital Corp. (Nasdaq: PSEC), down 9.1% to $13.76.

CMGI, Inc. (Nasdaq: CMGI), American Electric Technologies, Inc. (Nasdaq: AETI) and Hoku Scientific, Inc. (Nasdaq: HOKU) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

Penwest Pharmaceuticals (Nasdaq: PPCO), Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) and BluePhoenix Solutions, Ltd. (Nasdaq: BPHX) are among the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $750 million:

Genesco Inc. (NYSE: GCO), HSW International, Inc. (Nasdaq: HSWI) and Hardinge Inc. (Nasdaq: HDNG) 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:

China Technology Development Group Corp. (Nasdaq: CTDC), which provides network security for solar energy businesses in China, said that it has created a strategic partnership with Terra Solar Global Inc., a U.S. photovoltaic technology research and development company.

Under the agreement, Terra Solar will provide support in research and development of solar energy technologies based products and applications and establish distribution channels of SnO2 base plate and solar products in North America. CTDC will manufacture solar products and applications and continuously identify market opportunities to introduce advanced solar energy technologies, products and systems to China.

The partnership is said to be driven by technological advantages of Terra Solar's status in the building integrated photovoltaic market place and the cost advantages that CTDC offers through product and applications offerings and market opportunities in China.

Shares of China Technology Development Group (CTDC) rose 3.99%, or $0.37, to $9.65 in pre-market trading. Shares of China Technology Development Group have been trading in the range of $2.60 to $11.98 for the past 52 weeks.

Hoku Scientific, Inc. (Nasdaq: HOKU), Yucheng Technologies Ltd. (Nasdaq: YTEC) and China Technology Development Group Corp. (Nasdaq: CTDC) are the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $750 million:

China Technology Development Group Corp. (Nasdaq: CTDC), Novatel Inc. (Nasdaq: NGPS) and AMREP Corp. (NYSE: AXR) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

Shares of China Technology Development Group Corp. (Nasdaq: CTDC) took off today after the provider of information technology and network security services in China filed unaudited financial results late Friday for the six month period ended June 30, reminding investors of the firm’s strong performance for the first half of the year.

For the six month period, the Chinese company recorded a net income of $796,000, compared with a net loss of $736,000 in the same period in 2006. The results exclude the company’s new solar energy business announced on Sept. 7.

“The company's interim results for the six months ended June 30, 2007 has been a good progress despite some keen competition in the existing businesses,” said Alan Li, China Technology’s CEO, in a statement. “We plan to focus on the new venture plans in the renewable energy business to pave the way for the company's longer-term growth and expansion.”

Shares of China Technology (CTDC) advanced 37.2%, or $3.11, to $11.47 at 1:05 p.m. ET. Shares of China Technology have been trading in the range of $2.60 to $11.87 for the past 52 weeks.

Xinhua Finance Media Ltd. (Nasdaq: XFML), China Technology Development Group Corp. (Nasdaq: CTDC) and China Techfaith Wireless Comm. Tech. Ltd (Nasdaq: CNTF) are the most actively traded companies in Monday pre-market trading among those with market capitalizations under $750 million:

KongZhong Corp. (Nasdaq: KONG), Cardica, Inc. (Nasdaq: CRDC) and POZEN Inc.  (Nasdaq: POZN) are the most actively traded companies in Friday pre-market trading among those with market capitalizations under $750 million:

eFuture Information Technology Inc. (Nasdaq: EFUT), China Sunergy Co., Ltd. (Nasdaq: CSUN) and China Technology Development Group Corp. (Nasdaq: CTDC) are the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $750 million:

Viacell, Inc. (Nasdaq: VIAC), China Natural Resources Inc. (Nasdaq: CHNR) and Tiens Biotech Group Inc. (AMEX: TBV) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

China BAK Battery Inc. (Nasdaq: CBAK), China Precision Steel, Inc. (Nasdaq: CPSL) and LJ International, Inc. (Nasdaq: JADE) are the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $500 million:

Superconductor Technologies, Inc. (Nasdaq: SCON), China Precision Steel, Inc. (Nasdaq: CPSL) and Local.com Corp. (Nasdaq: LOCM) are the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $500 million:

New Oriental Energy & Chemical Corp. (Nasdaq: NOEC), China Precision Steel, Inc.  (Nasdaq: CPSL) and Superconductor Technologies, Inc. (Nasdaq: SCON) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

China Technology Development Group Corp. (Nasdaq: CTDC), InfoSpace, Inc. (Nasdaq: INSP) and Local.com Corp. (Nasdaq: LOCM)  are among the most actively traded companies in Monday pre-market trading among those with market capitalizations under $500 million:

Cardica, Inc. (Nasdaq: CRDC), China Technology Development Group Corp. (Nasdaq: CTDC) and Chelsea Therapeutics International Ltd. (Nasdaq: CHTP) are among the most actively traded companies in Monday pre-market trading among those with market capitalizations under $500 million:

April 12 (SmallCapInvestor.com) –Stocks reversed their slow start to move into positive territory in midday trading.  Among small caps, shares of e-learning solutions provider Futuremedia PLC (Nasdaq: FMDA) are up on news the company has sold its subsidiary, while a decline in revenue lowered shares of Ocean Bio-Chem, Inc. (Nasdaq: OBCI).

At 1:41 PM the Russell 2000 had added 4.93 points, or 0.61 percent, to 813.17.  The Dow Jones Industrial Average was up 52.66 points, or 0.42 percent, to 12,537.28.