American Commercial Lines, RCN and Savient Pharmaceuticals lead small cap in pre-market
American Commercial Lines Inc. (Nasdaq:ACLI), RCN Corp. (Nasdaq:RCNI) and Savient Pharmaceuticals Inc. (Nasdaq:SVNT) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Legacy Reserves Units (Nasdaq:LGCY), FuelCell Energy Inc. (Nasdaq:FCEL), Ciena Corp. (Nasdaq:CIEN), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), China Sunergy Co Ltd. (Nasdaq:CSUN) and Secure Computing Corp. (Nasdaq:SCUR). Here are the most actively traded companies among small caps::
Evergreen Solar, China Information Security Technology and James River Coal lead small-cap volume in pre-market
Evergreen Solar Inc. (Nasdaq:ESLR), China Information Security Technology Inc. (Nasdaq:CPBY) and James River Coal Co. (Nasdaq:JRCC) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), China Sunergy Co Ltd. (Nasdaq:CSUN), Canadian Solar Inc. (Nasdaq:CSIQ), Ciena Corp. (Nasdaq:CIEN), A Power Energy Generation Systems Ltd. (Nasdaq:APWR) and Secure Computing Corp. (Nasdaq:SCUR). Here are the most actively traded companies among small caps:
Community Valley Bancorp, Monarch Financial Holdings and Nobel Learning Communities lead small-cap percentage gainers
Community Valley Bancorp (Nasdaq:CVLL), Monarch Financial Holdings Inc. (Nasdaq:MNRK) and Nobel Learning Communities Inc. (Nasdaq:NLCI) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Secure Computing Corp. (Nasdaq:SCUR), Minefinders Corporation Ltd. (Nasdaq:MFN), Diamond Management & Technology Consultants Inc. (Nasdaq:DTPI), Stillwater Mining Co. (Nasdaq:SWC), United Bancorp Inc. (Nasdaq:UBCP) and Elbit Imaging Ltd. (Nasdaq:EMITF). Here are the biggest percentage gainers among small caps:
Asta Funding, INVESTools and Magma Design Automation among 52-week lowsAsta Funding, Inc. (Nasdaq:ASFI), INVESTools Inc. (Nasdaq:SWIM) and Magma Design Automation, Inc. (Nasdaq:LAVA) were among the new 52-week lows established during Friday's trading among companies with market capitalizations or values under $750 million. Secure Computing Corp. (Nasdaq:SCUR), General Finance Corp. (AMEX:GFN) and Protection One, Inc. (Nasdaq:PONE) were also among the 52-week small-cap lows. Here are Friday's 52-week small-cap lows:
Small caps fall on poor earningsThe Russell 2000 (NYSE:IWM) is falling as investors fear that corporate earnings will weaken in the face of economic problems. At 10:08 a.m. ET, the small-cap index was down 3.73 points, or 0.52%, to 708.95. The Dow Jones Industrial Average had declined 65.87 points, or 0.52%, to 12,546.56. The bears are in control on news after the close on Monday that New York-based aluminum producer Alcoa Inc. (NYSE:AA) saw its first-quarter profit decline more than expected due to higher energy costs and lower metal prices. “Upstream margins were squeezed by higher energy costs and a weaker U.S. dollar, but the global market remains tight and prices are near historic highs, primarily . . .
Secure Computing lowers Q1 guidance below the StreetEnterprise gateway security company Secure Computing Corp. (Nasdaq:SCUR) this morning lowered its first-quarter guidance below the consensus on Wall Street and said billings are expected to clock in below original forecasts. Shares slid 7%, or $0.46, to $6.04 in pre-market trading. For detailed price information and recent news stories about Secure Computing, click SCUR.
Russell 2000 futures lower
The Russell 2000 (NYSE:IWM) futures are down and the small-cap index will open in negative territory.
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Small-cap stocks are poised for a bearish opening on news that aluminum producer Alcoa Inc. (NYSE:AA) saw its first-quarter profit decline more than expected. Investors are fearful that the economic slowdown will negatively affect corporate earnings. The Russell 2000 had another oddly quiet, rangebound session Monday, but again stalled on the 720 area, setting up that point as important short-term resistance. The index dipped 1.05, or 0.15%, to 712.68. Today, key resistance lurks at the aforementioned 720, then again near 725 and 731. Meanwhile, support is pegged at 705.50, then at 700 and 694. The release this afternoon of the FOMC minutes could serve up some volatility. Normally, the minutes alone wouldn’t justify expectations for a big stock market move, but the release takes on a little more significance this week because the data slate is tame.
Russell 2000 futures edging higher
The Russell 2000 (NYSE:IWM) futures are slightly higher but have been narrowing as investors make sense of a new plan to regulate financial markets.
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The Bush administration is proposing sweeping changes to the system of financial regulation that will give additional powers to the U.S. Federal Reserve. The plan will be formally outlined by Treasury Secretary Henry Paulson at 10 a.m. ET. Bears took control of the Russell 2000 late Friday, with small caps losing 9.20, or 1.33%, to 683.18. The market struggled all week to attract buyers along the 705 zone, and that remains the critical upside point to watch early this week. Even before there, look for resistance on our old swingline at 700 Monday. Meanwhile, support comes into play at 680, 674 and 667. The Chicago Purchasing Managers Survey comes out this morning at 10:00 a.m. ET, and could set the early tone for stocks. Potential volatility from economic releases will be a recurring theme this week, highlighted by Friday’s employment data.
Thursday after hoursShares of Rackable Systems Inc. (Nasdaq: RACK) dipped $0.56, or 4.5%, to $12.02 in after-hours trading today after the Milipitas, Calif.-based provider of servers and storage products missed analysts’ estimates for the first quarter. Rackable Systems posted a non-GAAP net loss of $3.6 million, or $0.13 per share, on revenue of $72 million for the first quarter ended March 31. Eight analysts polled by Thomson First Call were expecting a net loss of $0.05 per share on revenue of $73.5 million. CEO Tom Barton said the quarter was challenging because of aggressive pricing from competitors for orders at the firm’s top three accounts. Synchronoss Technologies Inc. (Nasdaq: SNCR) soared $2.54, or 13.6%, to $21.20 in after-hours trading today after the company beat analysts’ earnings estimates for the first quarter. The Bridgewater, N.J.-based transaction management software firm reported non-GAAP earnings $4 million, or $0.12 a share, on revenue of $21.3 million for the three months ended March 31. Four analysts polled by Thomson First Call were expecting earnings per share of $0.10 on revenue of $21 million. Synchronoss cited the shift toward converged services as being partly responsible for the results. The company also said business from its largest customer, AT&T (NYSE: T), grew by 30% when compared with last year’s first quarter. After closing up 8% on the heels of an analyst upgrade, Secure Computing Corp. (Nasdaq: SCUR) slid $0.33, or 3.8%, to $8.31 in after-hours trading today after reporting first quarter results. The San Jose, Calif.-based security software firm reported non-GAAP net income of $3.4 million, or $0.05 per share, on revenue of $60.5 million for the first quarter. Twelve analysts polled by Thomson First Call were expecting earnings per share of $0.03 on revenue of $60.4 million. Earlier in the day, Goldman Sachs upgraded the stock from “sell” to “neutral.” 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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