Russell continues high into midday; IESC, TBSI, and JRCC lead gainers
Small-cap stocks remained solidly higher into mid-session activity, with industrial, commodity and energy stocks paving the way higher after President-elect Obama announced plans for a massive infrastructure project over the weekend. Some of today's small-cap gainers included Integrated Electrical Services Inc. (Nasdaq:IESC), TBS International Ltd. (Nasdaq:TBSI) and James River Coal Co. (Nasdaq:JRCC).
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Other Market Watch highlights included: • Commodities in general were in favor today, with crude oil prices climbing 7%, while energy stocks were up more than 4%. • On the downside, personal products firms, hypermarkets, food distributors, retail drug companies and restaurants were the primary losing sectors. • The best performers so far today have been industrial REITs, metal and mining stocks, automobile manufacturers, aluminum firms and steel companies. • Small-cap stocks remained solidly higher into mid-session activity, with industrial, commodity and energy stocks paving the way higher. • A big part of the early rise in stocks was tied to news this weekend that Obama was planning a massive infrastructure stimulus project. Small Cap Gainers: • Integrated Electrical Services Inc. jumped 34% presumably riding the wave of industrial and energy-related services companies higher. See (Nasdaq:IESC). • TBS International Ltd. jumped 30% as the ocean transportation services company got an earnings-related lift. See (Nasdaq:TBSI). • James River Coal Co. rallied 26%, receiving a lift with other beaten-down commodity names. See (Nasdaq:JRCC). • Cemex rallies as Deutsche Bank says it may gain from U.S. plan. See (NYSE:CX). Small Cap Losers: • The Talbots announces CFO retires, hires a new COO. Shares fall over 12%. See (NYSE:TLB). • Radian Group dips 10% on lower-than-average volume. See (NYSE:RDN). • Blyth cuts earnings outlook, down 4% in light after-hours trade. See (NYSE:BTH). • Allos Therapeutics slumping 21% in pre-market, reports Propel trial results. See (Nasdaq:ALTH). spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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