Russell creeps higher during morning opening; SAIA, CYBS, and DRIV lead gainers
Small-cap stocks edged higher on the opening, underpinned by a GDP report that wasn’t as bad as feared and by a smattering of decent earnings reports on the small-cap front that lifted the Russell relative to the large-cap indices. But those early gains were trimmed as the market remains concerned about the economy and corporate profits. Some of today’s small-cap gainers were Saia Inc. (Nasdaq:SAIA), CyberSource Corp. (Nasdaq:CYBS) and Digital River (Nasdaq:DRIV).
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Other Market Watch highlights today included: • In Asian trading, bank and tech stocks paced the declines, although shares in Hong Kong were up modestly hoping for rate cuts out of China. • In overseas trading last night, Asian stocks took a hit, breaking a string of four consecutive winning days. • The Goldman Sachs Analyst Index, a survey of Goldman’s equity analysts across a range of sectors, fell to an all-time low in January. • The Chicago headline figure came in at 33.3, which was below the forecast of 34.9. Small Cap Gainers: • Saia Inc. gapped higher after reporting quarterly profits, with the trucking firm climbing 18%. See (Nasdaq:SAIA). • CyberSource Corp. gapped higher and jumped 20% as the electronic payment provider posted solid earnings results. See (Nasdaq:CYBS). • Digital River announces Q4 and full-year 2008 financial results; shares pop 16%. See (Nasdaq:DRIV). • Overstock.com got an earnings lift today, with the online retailer climbing 15%. See (Nasdaq:OSTK). Small Cap Losers • Data Domain tops Q4 EPS by $0.06, issues mixed guidance; shares fall 16% in pre-market. See (DDUP).
Microsemi, USANA Health Sciences and OSI Systems biggest percentage losers
Microsemi Corp. (Nasdaq:MSCC), USANA Health Sciences Inc. (Nasdaq:USNA) and OSI Systems Inc. (Nasdaq:OSIS) are among the lead small-cap percentage losers in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: First Citizens Bancorp Cleveland (Nasdaq:FCZA), Celadon Group Inc. (Nasdaq:CLDN), China Biotics Inc. (Nasdaq:CHBT), Hiveld Steel Depository Receipt (Nasdaq:HSVLY), Digital River Inc. (Nasdaq:DRIV) and Fuqi International Inc. (Nasdaq:FUQI).
Atlas Air Worldwide Holdings, Callon Petroleum and Trina Solar among 52-week lows
Atlas Air Worldwide Holdings Inc. (Nasdaq:AAWW), Callon Petroleum Co. (Nasdaq:CPE) and Trina Solar Ltd. (Nasdaq:TSL) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: USG Corp. (Nasdaq:USG), Digital River Inc. (Nasdaq:DRIV), Zale Corp. (Nasdaq:ZLC), Danaos Corp. (Nasdaq:DAC), Emeritus Corp. (Nasdaq:ESC) and True Religion Apparel Inc. (Nasdaq:TRLG).
Taleo, Macerich REIT and Digital River lead small-cap percentage losers
Taleo Corp. (Nasdaq:TLEO), Macerich REIT (Nasdaq:MAC) and Digital River Inc. (Nasdaq:DRIV) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: True Religion Apparel Inc. (Nasdaq:TRLG), Trina Solar Ltd. (Nasdaq:TSL), Citizens Holdings Co. (Nasdaq:CIZN), QCR Holdings Inc. (Nasdaq:QCRH), Callon Petroleum Co. (Nasdaq:CPE) and iPCS Inc. (Nasdaq:IPCS). 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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