Tag - Tgh

Chiquita Brands International Inc. (Nasdaq:CQB), Williams Partners LP (Nasdaq:WPZ) and Oritani Financial Corp. (Nasdaq:ORIT) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: MainSource Financial Group Inc. (Nasdaq:MSFG), Textainer Group Holdings Ltd. (Nasdaq:TGH), Copano Energy LLC (Nasdaq:CPNO), Colfax Corp. (Nasdaq:CFX), RC2 Corp. (Nasdaq:RCRC) and Associated Estates Realty Corp. (Nasdaq:AEC).

DryShips Inc (Nasdaq:DRYS), Hallwood Group Inc (Nasdaq:HWG) and TBS International Ltd (Nasdaq:TBSI) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Polypore International Inc (Nasdaq:PPO), James River Coal Co (Nasdaq:JRCC), Gencor Industries Inc (Nasdaq:GENC), Textainer Group Holdings Ltd (Nasdaq:TGH), 012 Smile Communications Ltd (Nasdaq:SMLC) and Genco Shipping & Trading Ltd (Nasdaq:GNK).

Williams-Sonoma Inc. (Nasdaq:WSM), Medicis Pharmaceutical Corp. (Nasdaq:MRX) and Agree Realty Corp. (Nasdaq:ADC) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Standard Register Co. (Nasdaq:SR), SuccessFactors Inc. (Nasdaq:SFSF), CPI International Inc. (Nasdaq:CPII), Advanced Medical Optics Inc. (Nasdaq:EYE), Textainer Group Holdings Ltd. (Nasdaq:TGH) and Forest City Enterprises (Nasdaq:FCE.A).

The Russell 2000 (NYSE:IWM) closed down 11.85% today, snapping a string of five consecutive winning sessions with the worst daily loss of the year. Some of today’s small-cap gainers are Mentor Corp. (NYSE:MNT), Premiere Global Services (NYSE:PGI) and Telvent (Nasdaq:TLVT).

Other Market Watch highlights today included:

• The Russell is now down 46% for 2008, while the Dow is down 39% and the S&P 500 is down 44%.
• Credit market safe havens were the preferred outlet of choice today, as investors fled stocks and sought refuge in Treasuries.
• The market got off on the wrong foot today when manufacturing data out of China reflected a big drop in new orders.
• The ISM Manufacturing Survey came in at 36.2, which was below the 38 forecast, and which was also the lowest reading in 26 years.
• Sub-index data on prices paid was the lowest in 59 years and the new orders sub-index was the lowest since 1980.
• Energy, commodity stocks were major decliners today. Crude prices plunged 9.4% to $49.28/barrel, pulling down energy shares in the wash.
• Industrial, precious metals took a beating, platinum was down 7%, palladium down nearly 10%, silver off more than 8% and gold down some 5%.

Small Cap Gainers:

• The biggest mover today was Mentor Corp. (NYSE:MNT), as the maker of breast implants shot some 90% higher on news that the firm would be purchased by Johnson & Johnson (NYSE:JNJ) for $31 a share.
• Premiere Global Services Inc. (NYSE:PGI) rallied 29% as the on-demand . . .

Small-cap stocks may have finished out November like a lamb, but they started out December like a lion, sinking hard and fast today in an abrupt about-face from last week’s strong upward surge. Slumping manufacturing reports around the world triggered today’s rout and the only safe place to park money was in credit instruments as financial, industrial, retail and commodity markets were in retreat mode. The Russell 2000 (NYSE:IWM) closed down 56.05, or 11.85%, at 417.09, snapping a string of five consecutive winning sessions with the worst daily loss of the year. The Russell is now down 46% for 2008, while the Dow is down 39% and the S&P 500 is down 44%.

Credit market safe havens were the preferred outlet of choice today, as investors fled stocks and sought refuge in Treasuries – especially after Federal Reserve Chairman Ben Bernanke said that the Fed could buy long-dated Treasuries and that the economy remained under considerable stress. He also said that the Fed’s scope for reducing rates to stimulate growth was limited at this point, but that the U.S. economy was now better equipped to deal with the credit crisis. Yields on benchmark 10-year notes went wild, sinking more than 7% at one point during the day to about 2.7% as strong demand for notes lifted the price and slashed yields. Treasury Secretary Henry Paulson said that recent bailout moves were making progress, that banks should increase lending habits and that he has more programs developing to boost lending. He also said that mortgage rates have not come down as much as hoped and that Americans know the economy is in recession. The market extended the afternoon sell-off as he spoke.

The market got off on the wrong foot today when manufacturing data out of China reflected a big drop in new orders. China is the world’s hub for labor, with widgets assembled there and shipped out around the globe. Then, manufacturing reports out of Europe were dour, setting the stage for a startlingly bad report on manufacturing activity here in the United States. The ISM Manufacturing Survey came in at 36.2, which was below the 38 forecast, and which was also the lowest reading in 26 years. What’s more, sub-index data on prices paid was the lowest in 59 years and the new orders sub-index was the lowest since 1980. This is a heavy week for economic data, and today’s numbers clearly sent an icy shudder through the market. As the week progresses, we’ll see data on vehicle sales, services sector activity, factory orders and weekly claims as we head toward Friday’s big monthly employment release. What’s more, we’ll also have weekly and monthly retail sales numbers to pour over, . . .

CPI International Inc. (Nasdaq:CPII), Janus Capital Group Inc. (Nasdaq:JNS) and Gulf Island Fabrication Inc. (Nasdaq:GIFI) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: BancTrust Financial Group Inc. (Nasdaq:BTFG), Willbros Group Inc. (Nasdaq:WG), Textainer Group Holdings Ltd (Nasdaq:TGH), James River Coal Co. (Nasdaq:JRCC), Walter Industries Inc. (Nasdaq:WLT) and 1st Source Corp. (Nasdaq:SRCE).

While a weak dollar is bad news to some, it creates profitable possibilities for others. Case in point: shipping container fleet owners CAI International (NYSE:CAP) and Textainer Group Holdings Limited (NYSE:TGH) are both benefiting from greatly improved container leasing rates and rising fleet utilization.

The weak dollar has led to a surge in U.S. exports, and as a result, U.S. exporters are facing a shortage of shipping containers, which are the freight-car-sized boxes used to transport goods abroad. On April 10, 2008, a Wall Street Journal story noted that much of the United States (particularly the Midwest) lacks a sufficient supply of shipping containers because ones shipped overseas are not returned due to rising fuel costs.

The cost of sending a 40-foot container from California to China is already up 20% this year to around $1,500. In most cases, boxes that do come back and would have previously moved inland now never leave the coast. The container shortage is not likely to improve anytime soon since containerized trade is forecasted to rise 9% to 10% in 2008 and 2009. It is not only containers that are in short supply; there is also a shortage of chassis, which are sets of wheels and frames on container-carrying trucks. Without chassis, containers can’t be moved by truck.

CAI International is among the world’s leading managers and lessors of intermodal freight containers. At year-end 2007, the company operated a worldwide fleet consisting of 754,000 TEU (twenty-foot equivalent units) of containers. CAI International offers its customers long-term, short-term and finance . . .