Tag - Ctv

CommScope Inc. (Nasdaq:CTV), athenahealth Inc. (Nasdaq:ATHN) and Deckers Outdoor Corp. (Nasdaq:DECK) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Kaman Corp. (Nasdaq:KAMN), Penford Corp. (Nasdaq:PENX), Scientific Games Corp. (Nasdaq:SGMS), Hurco Cos Inc. (Nasdaq:HURC), UAL Corp. (Nasdaq:UAUA) and Stantec Inc. (Nasdaq:STN).

Small-cap stocks finished off one of the worst months in history with a four-day rally fueled by improving credit conditions, month-end bargain hunting and a willingness by investors to look beyond current weak economic fundamentals. The Russell 2000 (NYSE:IWM) closed up 4.53%. Today’s small-cap gainers are SM&A (Nasdaq:WINS), MGIC Investment (NYSE:MTG) and Gramercy Capital (NYSE:GKK).

Other Market Watch highlights today included:

• The Russell is now down 30% for the year. The Dow is down 30% for 2008, while the S&P 500 is off 34%. 
• Financial stocks played a key role in the rally today, after lagging on some bounce attempts earlier in the week. The Financial Select Sector SPDR Fund rose 3.3%.
• Small- and mid-cap banks and financial institutions were noted all along the top percentage movers today on various exchanges. 
• Crude oil prices rallied in the final 30 minutes of trading today, but gains in the commodity arena were hampered by a firm tone in the U.S. dollar, which gained about 1.3% against the euro.

Small Cap Gainers:

• SM&A jumped 126% on news that the firm will be purchased by Odyssey Investment Partners for $6.25 a share. See (Nasdaq:WINS).
• Wisconsin Energy to replace MGIC Investment in S&P 500. MGIC shares closed up over 60%. See (NYSE:MTG).
• Gramercy Capital reported 34% Q3 rise in funds from operations, halts dividends. Shares closed up 79%. See (NYSE:GKK).  
• Sonic Automotive reported losses in Q3 but shares closed up a whopping 41%. See (NYSE:SAH).
• China Eastern Airlines Corp. Ltd. gapped higher and soared 27%. See (NYSE:CEA).

Small Cap Losers:

• Penson Worldwide Inc. closed down 40% on news that a subsidiary has incurred a $15.5M unsecured receivable from a firm that has ceased operations. See (Nasdaq:PNSN).
• Bare Escentuals Inc. gapped lower and shed some 40% on soft earnings news. See (Nasdaq:BARE).  
• Sunrise Senior Living announces transaction has been terminated. Shares . . .

Small-cap stocks staged an impressive rally into midday trading, bolstered by signs of thawing in the credit market freeze, month-end bargain hunting and a renewed appetite for riskier market bets amid hope that the October collapse in equities has already priced in the worst of the economic news. Today’s small-cap gainers are Delta Petroleum (Nasdaq:DPTR), US Airways Group Inc. (NYSE:LCC) and China Eastern Airlines Corp. Ltd. (NYSE:CEA).

Other Market Watch highlights today included:

• On the radar screen for this afternoon’s trading is an appearance by Federal Reserve Chairman Ben Bernanke, who will talk about the mortgage market and the economy.  
• Looking ahead to next week, the market will get a douse of several key economic indicators, including the big employment report a week from today. 
• Today's reports on personal income, the employment cost index and consumer sentiment were rather tame and clearly overshadowed by enthusiasm that October is coming to an end.  
• Inter-bank lending rates have tumbled to the 3% zone, down some 14 consecutive trading sessions, and well off the peak above 5% at the beginning of October.  
• The top-performing sector so far today has been casinos, followed up by homebuilders, semiconductor equipment, airlines, insurance brokers, construction materials and wireless telecoms.

Small Cap Gainers:

• Delta Petroleum up 10% on Kerkorian Plan to increase holdings. See (Nasdaq:DPTR).
• US Airways Group Inc. is rallying 11% and hit the highest price since March. See (NYSE:LCC).  
• China Eastern Airlines Corp. Ltd. gapped higher and soared 27%. See (NYSE:CEA).  
• United Stationers Q3 profit rises on higher sales, one-time gains. Shares are treading 17% higher. See (Nasdaq:USTR).  


Small Cap Losers:

• Protective Life Corp. down 20% on higher-than-average volume. See (NYSE:PL). 
• CommScope Q3 profit rises; sees Q4 revenue below consensus; cuts FY08 revenue outlook. Shares are slumping 26%. See (NYSE:CTV).  
• Flagstar Bancorp clocks a loss in 2008 Q3 results; shares dive 26%. See (NYSE:FBC).
• Sunrise Senior Living announces transaction has been terminated. Shares are down 34%. See (NYSE:SRZ).