Tag - Oplk

SearchMedia Holdings LTD (Nasdaq:IDI), Oplink Communications Inc (Nasdaq:OPLK), McClatchy Co (Nasdaq:MNI) and Horizon Lines Inc (Nasdaq:HRZ) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Comm Bancorp Inc (Nasdaq:CCBP), Pacific Booker Minerals Inc (Nasdaq:PBM), Bancorp New Jersey Inc (Nasdaq:BKJ), Richardson Electritians LTD (Nasdaq:RELL) and Journal Communicatiosn Inc (Nasdaq:JRN).

USG Corp. (Nasdaq:USG), Live Nation Inc. (Nasdaq:LYV) and Veeco Instruments Inc. (Nasdaq:VECO) are among the  among 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Hadera Paper Ltd. (Nasdaq:AIP), Crosstex Energy Inc. (Nasdaq:XTXI), Oplink Communications Inc. (Nasdaq:OPLK), Patriot Coal Corp. (Nasdaq:PCX), Rockwood Holdings Inc. (Nasdaq:ROC) and J Crew Group Inc. (Nasdaq:JCG).

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

Penson Worldwide Inc. (Nasdaq:PNSN), Buckle Inc. (Nasdaq:BKE) and Protective Life Corp. (Nasdaq:PL) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Crosstex Energy Inc. (Nasdaq:XTXI), VisionChina Media Inc. (Nasdaq:VISN), Crosstex Energy L.P (Nasdaq:XTEX), Chart Industries Inc. (Nasdaq:GTLS), AMN Healthcare Services Inc. (Nasdaq:AHS) and Oplink Communications Inc. (Nasdaq:OPLK).

Here are the biggest percentage losers among small caps:

Delta Apparel Inc. (Nasdaq:DLA), Champion Enterprises Inc. (Nasdaq:CHB) and Staar Surgical Co. (Nasdaq:STAA) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.    

Also included among the results: Lithia Motors Inc. (Nasdaq:LAD), QCR Holdings Inc. (Nasdaq:QCRH), Tween Brands Inc. (Nasdaq:TWB), Deltek Inc. (Nasdaq:PROJ), Oplink Communications Inc. (Nasdaq:OPLK) and Ricks Cabaret International Inc. (Nasdaq:RICK).        

Here are the biggest percentage gainers among small caps:     

Small-cap stocks pushed higher in morning trade, carried on the wings of a renewed rally in the U.S. dollar and a slide in global commodities — particularly crude oil. At 9:59 a.m. ET, the Russell 2000 (NYSE:IWM) was up 5.24, or 0.69%, at 759.62; the morning peak in the Russell marked the highest intraday price since Jan. 2.

Small-cap stocks are on the verge of posting the highest weekly close of 2008, a remarkable achievement considering the Dow and S&P 500 are still suffering losses in the 11% range so far this year. Any close today above 747.38 would do the trick. If the Russell were to really catch fire today and push above 766.03, then small caps would actually be in positive territory for the year. The reason it takes a big leap from current yearly high weekly closing levels to positive territory is because the market got hammered the very first trading day of the year and also fell hard when staking the June peak.

Back to the big news today — the U.S. dollar stormed to fresh move highs overnight against both the euro and the Japanese yen, climbing about 0.6% versus both currency markets. The strong upside push in the greenback clearly had a bearish impact on commodities, most notably the crude oil market. Crude oil tumbled some $2 dollars a barrel back below $113 and was hovering just above three-month lows early this morning. The story in commodities wasn’t just an energy tale, however; palladium was down 5% this morning, cocoa was off 2.5%, sugar was down 2.2%, copper tumbled 2.7% in London trading and aluminum prices hit a six-month low. The recent collapse in commodities markets (the Commodity Research Bureau Index has tumbled 17% from the July high) has provided some relief on the inflation front and bolstered investor psychology that consumer spending won’t be crushed by higher gasoline and food prices.

In addition to the dollar/commodities theme, the market also got some bright news this morning on the manufacturing front. The NY Manufacturing Survey came out at plus 2.77, which was much stronger than the forecast for minus 4.4, and marked the first positive reading since April. This survey is for August and marks one of the earliest manufacturing reports of the month, setting a positive tone going forward. When the NY report came out ahead of the opening, stock index futures and the . . .

The Russell 2000 (NYSE:IWM) is moving higher after a volatile start following news of a larger-than-expected rise in personal income.

At 10:09 a.m. ET, the small-cap index was up 2.36 points, or 0.34%, to 694.75. The Dow Jones Industrial Average was up 71.88 points, or 0.58%, to 12,374.34.

The futures were pointing up on news before the start of trading that personal income rose a more-than-expected 0.5% in February, according to the U.S. Commerce Department. Economists were expecting an improvement of 0.3%.

The same report also showed that personal spending increased 0.1%, in line with projections but the worst performance in more than a year. A key measure of core inflation climbed just 0.1%, putting 12-month inflation within the U.S. Federal Reserve’s target range.

The bullish pre-market sentiment was in part due to news that Citigroup Inc. (NYSE:C) recommended buying shares of financial services company Lehman Brothers Holdings Inc. (NYSE:LEH).

Small-cap stocks opened in the green, quickly surrendered those gains, then sharply rose.

Among the losers is small-cap Oplink Communications, Inc. (Nasdaq:OPLK). The Fremont, Calif.-based provider of optical manufacturing solutions . . .

The Russell 2000 (NYSE:IWM) futures are higher and the small-cap index will likely open in the green.

Personal income rose a more-than-expected 0.5% in February, the U.S. Commerce Department reported this morning. Economists were expecting an increase of 0.3%. The same report also showed that personal spending increased 0.1%, in line with projections.

The bullish pre-market sentiment is in part in reaction to news that Citigroup Inc. (NYSE:C) recommended buying shares of financial services company Lehman Brothers Holdings Inc. (NYSE:LEH).

The Russell 2000 ended the day Thursday with a thud, closing out near the lows at 692.39, down 9.73, or 1.39%, for the day. The 10:00 a.m. ET sentiment figures could also stir some reaction in the market.

It would provide a lift for the index to close out the week above 685, to help validate the recent upward draft off the lows. In addition, a close on Monday above 686.05 would provide the first monthly close above opening levels since October, which is an astoundingly long time for any market. For short-term traders, support comes in Friday at 686, 680 and 674. Meanwhile, resistance is pegged at 700, 706 and 714.

Shares of Oplink Communications, Inc. (Nasdaq:OPLK) sunk to a 52-week low mid-session after the photonic components and intelligent modules provider said after Thursday's close that it expects to record a third-quarter loss and lowered its sales guidance due to softer than expected demand from customers in Europe.

The company also said it expects continued softness in its business in the fourth-quarter as a result of continued weakness in Europe, reduced ROADM sales and lower product sales during the transfer of its OCP manufacturing lines to China.

Shares of Oplink Communications sunk 28%, or $3.31, to a 52-week low of $8.71 at 2:15 p.m. ET on the news. Shares of Oplink Communications have been trading in the range of $10.57 to $18.10 for the past 52 weeks. 

For the three months ending March 31, 2008, the Fremont, Calif.-based company said it expects revenues in the range of $39 million to $40 million, down from the previously issued revenue range of $41 million to $45 million. Six analysts surveyed by Thomson Financial were on average forecasting revenues of $43.36 million.

On account of the expected lower revenues and an expected substantial charge on excess and obsolete inventory, Oplink said it expects to report a loss in the third-quarter. This compares with initial guidance for earnings of $0.12 to $0.16 per share.  The consensus of six analysts surveyed by Thomson Financial was $0.15 per share.

Piper Jaffray downgraded the stock to “sell” from “neutral” this morning, while Needham & Co downgraded the stock to “hold” from “strong buy.” Neither could be reached for comment.

American Biltrite Inc. (AMEX: ABL), Oplink Communications Inc. (Nasdaq: OPLK) and Birks & Mayors Inc. (AMEX: BMJ) were among the new 52-week lows established Tuesday among companies with market capitalizations or values under $500 million.

Here are today's 52-week small-cap lows: 

Retalix Ltd. (Nasdaq: RTLX), Oplink Communications Inc. (Nasdaq: OPLK) and Protherics plc (Nasdaq: PTIL) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $500 million. 

Here are today's biggest percentage losers:

Shares of Oplink Communications, Inc. (Nasdaq:OPLK) are falling in pre-market trading this morning after the provider of photonic components, intelligent modules, and subsystems solutions reported fiscal fourth quarter results below analyst expectations and guided for lower than expected earnings for its fiscal first quarter after the close Monday.

For the three months ended July 1, the Fremont, Calif.-based company recorded net income of $5.4 million, or $0.23 per diluted share, while the Street was expecting earnings of $0.25 per share.

Oplink recorded total revenue of $37.2 million, compared with revenue of 16.9 million for the fourth quarter of 2006. Analysts were expecting revenues of $31.3 million.

The company also gave guidance for its fiscal first quarter. For the quarter ending September 30, 2007, Oplink said it expects to report revenues of between $46.0 and $50.0 million. Three analysts polled by Thomson Financial are expecting revenues of $32.53 million. Oplink said it expects earnings of approximately $0.10 to $0.12 for the first quarter, while four polled by Thomson Financial are expecting earnings of $0.26 per share on average.

Shares of Oplink fell 6.73%, or $1.03, to $14.27 in pre-market trading.

Accredited Home Lenders Holding Co. (Nasdaq: LEND), IncrediMail, Ltd. (Nasdaq: MAIL) and Oplink Communications Inc. (Nasdaq: OPLK) are among the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million: