Russell closes Friday's session in the green; OMTR, SWKS, and TSYS lead gainers
Small-cap stocks took flight Friday, as investors gambled that a terrible report on employment would be just the tonic needed to ignite a decisive push forward on a bank bailout plan and an aggressive fiscal stimulus package. Some of today’s small-cap gainers were Omniture, Inc. (Nasdaq:OMTR), Skyworks Solutions (Nasdaq:SWKS) and TeleCommunication Systems Inc. (Nasdaq:TSYS).
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Other Market Watch highlights today included: • However, there were some thoughts that the dismal reading will simply prod lawmakers to be more aggressive in agreeing to a big stimulus package. • By any measure, the jobs report presented a bleak picture of the U.S. economy. • Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment. • The chart structure for the Russell 2000 has eased into a mini-trading range within the elongated extended trading range. Small Cap Gainers: • Business optimization software provider Omniture, Inc. is up 17% after reporting big revenue jumps in Q4 earnings Thursday. (See Nasdaq:OMTR) • Chip maker Skyworks Solutions is up 17% to $5.88 on stronger-than-expected Q1 earnings released after Thursday's close. (See Nasdaq:SWKS) • Wireless communications technology company TeleCommunication Systems Inc. is up 17.2% to $8.50 after reporting positive Q4 earnings late Thursday.(See Nasdaq:TSYS) • Air freight company Atlas Air Worldwide Holdings Inc. is up nearly 13% to $15.04 after this morning announcing it will trim freighter fleet and cut staff. (See Nasdaq:AAWW) Small Cap Losers: • Skechers USA Inc. is down 27% to $7.37 after an analyst downgrade. (See NYSE:SKX) • Liquidity Services, Inc. is down 21.3% to $5.88 after a downgrade this morning by Oppenheimer. Liquidity operates an online auction marketplace for wholesale, surplus, and salvage assets. (See Nasdaq:LQDT) • Consultant SRA International Inc. is down 20% to $13.40 after issuing lowered guidance late Thursday. (See NYSE:SRX) • Convention- and event-marketing group Viad Corp. is down 14.8% to $18.12 after announcing before the opening that it swing to a Q4 loss. (See NYSE:VVI)
Russell remains high into mid-day trading; OMTR, SWKS, and TSYS lead gainers
Small-cap stocks extended the morning rally into mid-session, with battered bank and financial stocks leading the way amid hope for a bank bailout plan to be rolled out early next week. Some of today’s small-cap gainers were Omniture, Inc. (Nasdaq:OMTR), Skyworks Solutions (Nasdaq:SWKS) and TeleCommunication Systems Inc. (Nasdaq:TSYS).
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Other Market Watch highlights today included: • However, there were some thoughts that the dismal reading will simply prod lawmakers to be more aggressive in agreeing to a big stimulus package. • By any measure, the jobs report presented a bleak picture of the U.S. economy. • Small-cap stocks pushed higher early Friday as investors chose a “glass half full” approach to this morning’s dreary employment. • The chart structure for the Russell 2000 has eased into a mini-trading range within the elongated extended trading range. Small Cap Gainers: • Business optimization software provider Omniture, Inc. is up 17% after reporting big revenue jumps in Q4 earnings Thursday. (See Nasdaq:OMTR) • Chip maker Skyworks Solutions is up 17% to $5.88 on stronger-than-expected Q1 earnings released after Thursday's close. (See Nasdaq:SWKS) • Wireless communications technology company TeleCommunication Systems Inc. is up 17.2% to $8.50 after reporting positive Q4 earnings late Thursday.(See Nasdaq:TSYS) • Air freight company Atlas Air Worldwide Holdings Inc. is up nearly 13% to $15.04 after this morning announcing it will trim freighter fleet and cut staff. (See Nasdaq:AAWW) Small Cap Losers: • Skechers USA Inc. is down 27% to $7.37 after an analyst downgrade. (See NYSE:SKX) • Liquidity Services, Inc. is down 21.3% to $5.88 after a downgrade this morning by Oppenheimer. Liquidity operates an online auction marketplace for wholesale, surplus, and salvage assets. (See Nasdaq:LQDT) • Consultant SRA International Inc. is down 20% to $13.40 after issuing lowered guidance late Thursday. (See NYSE:SRX) • Convention- and event-marketing group Viad Corp. is down 14.8% to $18.12 after announcing before the opening that it swing to a Q4 loss. (See NYSE:VVI)
Skechers USA, SRA International and Healthways lead small-cap percentage losers
Skechers USA Inc. (Nasdaq:SKX), SRA International Inc. (Nasdaq:SRX) and Healthways Inc. (Nasdaq:HWAY) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Liquidity Services Inc. (Nasdaq:LQDT), Apartment Investment and Management Co. (Nasdaq:AIV), American Pacific Corp. (Nasdaq:APFC), Viad Corp. (Nasdaq:VVI), Intermec Inc. (Nasdaq:IN) and Knightsbridge Tankers Ltd. (Nasdaq:VLCCF).
Syniverse Hldg, AnnTaylor Stores and Warnaco Group among 52-week lows
Syniverse Hldg Inc. (Nasdaq:SVR), AnnTaylor Stores Corp. (Nasdaq:ANN) and Warnaco Group Inc. (Nasdaq:WRC) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: SRA International Inc. (Nasdaq:SRX), Merrill Lynch Canada Canadian Pacific (Nasdaq:HCH), Crosstex Energy Inc. (Nasdaq:XTXI), i2 Technologies Inc. (Nasdaq:ITWO), Obagi Medical Products Inc. (Nasdaq:OMPI) and NACCO Industries Inc. (Nasdaq:NC).
Small-cap stocks extend the morning slide; LL, GCA, and AEL lead gainers
Small-cap stocks extended the morning slide into midday trading, as pressure from a weak economy continues to take a toll on commodity, retail and financial stocks, overshadowing even aggressive rate cuts out of Europe overnight. Today’s small-cap gainers are Lumber Liquidators' (NYSE:LL), Global Cash Access (NYSE:GCA) and American Equity's (NYSE:AEL).
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Other Market Watch highlights today included: • Thomson-Reuters October same-store sales index was off 0.7%, and they pegged today’s retail returns as the worst monthly results in a decade. • Energy exporters that depend on demand from big consumers were taking a beating, with the Energy Select Sector SPDR Fund down 5.5%. • The IMF said that developed economies were on track for a full-year contraction for the first time since World War II. • The malaise continued to bruise commodity markets, with crude oil prices tumbling toward $60 a barrel, or the lowest prices since March. • The Russell 2000 is down 2% in midday trading. Small Cap Gainers: • Lumber Liquidators' income up 48% in Q3; shares soar 18%. See (NYSE:LL). • Global Cash Access Holdings reports successful Q3 results; shares climb 25%. See (NYSE:GCA). • American Equity's Q3 2008 operating income increases 41%; shares pop over 33%. See (NYSE:AEL). • Global Crossing Ltd. rallied 19% as the IP solutions provider also got an earnings-related lift. See (Nasdaq:GLBC). • Simcere Pharmaceutical Group reports rise in Q3 profit, reaffirms FY08guidance. Shares up 18%. See (NYSE:SCR). Small Cap Losers: • LandAmerica dives 33% on delayed third-quarter earnings. See (NYSE:LFG). • Georgia Gulf Corporation slips to loss in Q3; shares down 28%. See (NYSE:GGC). • SRA International down 26% on Cowen & Co. downgrade. See (NYSE:SRX). • Playboy Enterprises sees sharp ad sales drop, shares tumble 22%. See (NYSE:PLA).
Syniverse Hldg, Warnaco Group and Brookdale Senior Living lead small-cap percentage losers
Syniverse Hldg Inc. (Nasdaq:SVR), Warnaco Group Inc. (Nasdaq:WRC) and Brookdale Senior Living Inc. (Nasdaq:BKD) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: SRA International Inc. (Nasdaq:SRX), Willbros Group Inc. (Nasdaq:WG), AnnTaylor Stores Corp. (Nasdaq:ANN), Tecumseh Products Co. (Nasdaq:TECUA), TBS International Ltd. (Nasdaq:TBSI) and Delta Petroleum Corp. (Nasdaq:DPTR). Here are the biggest percentage losers among small caps: 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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