Tag - Ocnf

Palm Inc (Nasdaq:PALM), DryShips Inc (Nasdaq:DRYS) and A Power Energy Generation Systems Ltd (Nasdaq:APWR) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Human Genome Sciences Inc (Nasdaq:HGSI), Aladdin Knowledge Systems Ltd (Nasdaq:ALDN), Eagle Bulk Shipping Inc (Nasdaq:EGLE), YRC Worldwide Inc (Nasdaq:YRCW), TXCO Resources Inc (Nasdaq:TXCO) and Oceanfreight Inc (Nasdaq:OCNF).

Otelco Inc (Nasdaq:OTT), TBS International Ltd (Nasdaq:TBSI) and Zoran Corp (Nasdaq:ZRAN) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Oceanfreight Inc (Nasdaq:OCNF), II VI Inc (Nasdaq:IIVI), AEP Industries Inc (Nasdaq:AEPI), Fred's Inc (Nasdaq:FRED), Ares Capital Corp (Nasdaq:ARCC) and Pain Therapeutics Inc (Nasdaq:PTIE).

American Land Lease Inc. (Nasdaq:ANL), Oceanfreight Inc. (Nasdaq:OCNF) and ArcSight Inc. (Nasdaq:ARST) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Eagle Bulk Shipping Inc. (Nasdaq:EGLE), PC Connection, Inc. (Nasdaq:PCCC), Century Aluminum Co. (Nasdaq:CENX), AnnTaylor Stores Corp (Nasdaq:ANN), Safe Bulkers Inc. (Nasdaq:SB) and Capital Bank Corp . (Nasdaq:CBKN).

Atlas Pipeline Holdings L. P (Nasdaq:AHD), VistaPrint Ltd. (Nasdaq:VPRT) and CTS Corp. (Nasdaq:CTS) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Clean Energy Fuels Corp. (Nasdaq:CLNE), ECB Bancorp Inc. (Nasdaq:ECBE), Wright Express Corp. (Nasdaq:WXS), Williams-Sonoma Inc. (Nasdaq:WSM), Bruker Corp. (Nasdaq:BRKR) and Oceanfreight Inc. (Nasdaq:OCNF).

Here are the new 52-week lows among small caps:

Riverview Bancorp, Inc. (Nasdaq:RVSB), JDA Software Group Inc. (Nasdaq:JDAS) and Culp Inc. (Nasdaq:CFI) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Oceanfreight Inc. (Nasdaq:OCNF), optionsXpress Holdings Inc. (Nasdaq:OXPS), Adams Resources & Energy Inc. (Nasdaq:AE), Quest Energy Partners L P (Nasdaq:QELP), Aristotle Corp. (Nasdaq:ARTL) and Interval Leisure Group Inc. (Nasdaq:IILG).

Here are the biggest percentage gainers among small caps:

Small-cap stocks gave back a sizable chunk of Monday’s big rally early on today, pressured by concerns that corporate profits are already sloppy and will be further strained by a weak economy going forward. Today’s small-cap gainers are Hexcel (NYSE:HXL), Jakks Pacific (Nasdaq:JAKK) and Drybulk (NYSE:OCNF).

Other Market Watch highlights today included:

• Pharma could be one of the better-performing sectors to watch today, and has seen a few strong performers in the small-cap arena in recent days as well.  
• Commodities in general were likely to be on the defensive as the U.S. dollar was soaring against the euro, climbing 1.25%.  
• The lift small caps enjoyed Monday from the energy sector appeared on the wane today, with crude oil prices slipping on concerns about demand
• With no economic reports on tap today, the market will focus on the wave of quarterly earnings coming in.  

Small Cap Gainers:

• Hexcel reported third-quarter profit that surged 91% on sales for defense programs and wind turbine blades. See (NYSE:HXL).  
• Jakks Pacific reports 14% increase in Q3 bottom-line on tax benefit and higher sales, reaffirmed full-year guidance. See (Nasdaq:JAKK).  
• OptionsXpress posts Q3 net income that beat the Street, but edged down from a year-ago.  See (Nasdaq:OXPS).  
• JDA Software Group posts third-quarter results that handily beat the Street. See (Nasdaq:JDAS).  
• Drybulk shipper OceanFreight declares $0.77 dividend for Q3, shares jump 21%. See (Nasdaq:OCNF).

Small Cap Losers:

• Highveld Steel & Vanadium Corporation Ltd. is down 15% to fresh move lows. See (Nasdaq:HSVLY).  
• Avigen plunges 70% after intermediate trial for treatment of spasticity associated with multiple sclerosis failed. See (Nasdaq:AVGN).
• Net Servicos de Comunicacao saw the top-line increase on lower subscription rates, operating costs jumped 26%, SG&A increased 37%. (Nasdaq:NETC).  
• ENGlobal expects to report Q3 results below the consensus on Wall Street. See (NYSE:ENG).
• Twin Disc said fiscal Q1 earnings plunged due to lower volumes, unfavorable product mix and higher material costs. See (Nasdaq:TWIN).  

A Power Energy Generation Systems Ltd (Nasdaq:APWR), Canadian Solar Inc. (Nasdaq:CSIQ) and JDA Software Group Inc. (Nasdaq:JDAS) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Oceanfreight Inc. (Nasdaq:OCNF), Hiveld Steel Depository Receipt (Nasdaq:HSVLY), Cavium Networks Inc. (Nasdaq:CAVM), Solarfun Power Holdings Co Ltd (Nasdaq:SOLF), Allscripts Misys Healthcare Solutions Inc. (Nasdaq:MDRX) and TBS International Ltd (Nasdaq:TBSI).

Here are the most actively traded companies among small caps:

Small-cap stocks started the week where they left off late Friday, with the market on a steep upward thrust. The Russell 2000 (NYSE:IWM) soared 11.5% off the lows in the final hour of trading Friday afternoon, and was up another 3.4% at 10:14 a.m. ET, rising 18.02 to 540.50.

The market appeared to emphatically embrace the latest batch of emergency measures from governments around the world, geared to re-instill confidence in frozen credit markets and help avert an even deeper recession. It’s interesting to see that the big rally this morning — supposedly tied to hopes for credit markets to improve — was taking place on a day when the U.S. credit markets were closed for the Columbus Day holiday.

Over the weekend, G7 finance chiefs said that they would use “all available tools” to address the credit crisis, which has erupted into a full-blown global financial contagion. While the G7 statement probably wouldn’t have inspired this much relief for stock market investors, there were plenty of other measures, including an announcement by the Treasury Department that they were developing plans to purchase equity in financial institutions. Also, the United Kingdom said it would pour some 37 billion pounds (about $64 billion) into big banks, a move that German and French officials also said they would take. This morning, the leader of the new $700 billion bail out provided more details about how the program will work, which will help give a sense that a comprehensive plan is underway instead of the government simply hopping about willy-nilly, trying to stomp out fires when they occur. French President Nicolas Sarkozy said this morning that money was available for any bank that needs it and that the government will guarantee bank lending. The market is hopeful . . .

Global provider of seaborne transportation OceanFreight Inc. (Nasdaq:OCNF) announced ahead of the opening today it inked a time charter deal for Panamax dry bulk carrier, M/V Augusta, at a gross rate of $42,100 day for three years. The contract should amount to $46 million in gross revenues, and the charter is expected to start in January 2009.

In today’s pre-market trading, shares of Greece-based OceanFreight are mostly flat, up just $0.06 at $20. During the past 52 weeks, the stock has ranged from $14.10 to $30.48.

Greek drybulk shipping company OceanFreight Inc. (Nasdaq:OCNF) posted first-quarter results after the close Tuesday that trumped the consensus on Wall Street.

Net Income for the first quarter included a non cash charge associated with the valuation of the company's interest rate swaps as well as a one time non cash charge related to the settlement agreement with the company’s former chief executive officer. Excluding these charges, the small cap clocked earnings of $0.88 per share, while the Street was forecasting $0.66 per share.

The company also declared a dividend of $0.77 per share.

Shares gained 5%, or $1.11, to $25.02 in pre-market trading. For detailed price information and recent news stories about OceanFreight, click OCNF.

The Russell 2000 (NYSE: IWM) is soaring on news of surprisingly strong January U.S. retail sales.

At 1:02 p.m. ET, the small-cap index had added 10.33 points, or 1.46%, to 715.81. The Dow Jones Industrial Average (INDU) was up 97.38 points, or 0.79%, to 12,470.79.

Wall Street is enjoying a lift as news of better-than-expected U.S. retail sales in January relaxes fears of a recession.

Retail sales rose 0.3% to $382.9 billion in January, the U.S. Commerce Department reported before the start of trading. The results beat economists’ forecast of a 0.2% decline and represent an improvement over December’s 0.4% drop.

Sales excluding autos also increased 0.3%, more than the projected 0.2%. Sales excluding gasoline rose just 0.1%.

The numbers are good news for those worried that a pullback in consumption that will send the economy into recession. Consumer spending is about 70% of U.S. gross domestic product.

Breaking down the data, furniture sales fell, as did sales of electronics. Department store sales also declined, while sales of motor vehicles and parts increased.

A report by the Commerce Department after the opening bell said that business inventories climbed by a greater-than-expected 0.6% in December, while business sales fell 0.5%.

The Russell 2000 (NYSE: IWM) futures are higher and the small-cap index is ready to rise on news of January U.S. retail sales.

Small-cap stocks are set for a bullish opening following news that retail sales unexpectedly rose 0.3% in January. That beats economists’ forecast of a decline of 0.2% and is an improvement over December’s 0.4% drop.

Sales excluding autos also increased 0.3%, more than the projected 0.2%.

The numbers are good news for those worried that there is a pullback in consumption that will send the economy into recession.

Although the retail sales report represents the biggest calendar event risk of the week, the 10:00 a.m. ET business inventory data might generate a minor ripple in trading later in the morning.

Daily support and resistance levels remain static after Tuesday’s range-bound action: look for support today at 688, 680 and 674, with resistance at 710 and 721.

BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX), Immersion Corp. (Nasdaq: IMMR) and DayStar Technologies Inc. (Nasdaq: DSTI) are among the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $500 million:

Neurochem Inc. (Nasdaq: NRMX), The Topps Company, Inc. (Nasdaq: TOPP) and Ultra Clean Holdings, Inc. (Nasdaq: UCTT) are among the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million: