Tag - Tnc

American Greetings Corp. (Nasdaq:AM), Central Pacific Financial Corp. (Nasdaq:CPF) and Chart Industries Inc. (Nasdaq:GTLS) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Tennant Co. (Nasdaq:TNC), Trex Co Inc. (Nasdaq:TWP), PDL BioPharma Inc. (Nasdaq:PDLI), Epoch Holding Corp. (Nasdaq:EPHC), Elbit Imaging Ltd. (Nasdaq:EMITF) and Meritage Homes Corp. (Nasdaq:MTH).

Microsemi Corp. (Nasdaq:MSCC), Primeenergy Corp. (Nasdaq:PNRG) and Flushing Financial Corp. (Nasdaq:FFIC) are among the new 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Princeton National Bancorp Inc. (Nasdaq:PNBC), Center Bancorp Inc. (Nasdaq:CNBC), Albany International Corp. (Nasdaq:AIN), First South Bancorp Inc. (Nasdaq:FSBK), Universal Electronics Inc. (Nasdaq:UEIC) and Tennant Co.(Nasdaq:TNC).

Hansen Medical Inc (Nasdaq:HNSN), Green Bankshares Inc (Nasdaq:GRNB) and Tennant Co (Nasdaq:TNC) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: IPG Photonics Corp (Nasdaq:IPGP), Flushing Financial Corp (Nasdaq:FFIC), Zep Inc (Nasdaq:ZEP), Facet Biotech Corp (Nasdaq:FACT), Schawk Inc (Nasdaq:SGK) and Cepheid (Nasdaq:CPHD).

Savannah Bancorp Inc. (Nasdaq:SAVB), Take Two Interactive Software Inc. (Nasdaq:TTWO) and MarkWest Energy Partners L P (Nasdaq:MWE) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Tennant Co. (Nasdaq:TNC), Radware Ltd. (Nasdaq:RDWR), Avid Technology Inc. (Nasdaq:AVID), Swift Energy Co. (Nasdaq:SFY), K-Fed Bancorp (Nasdaq:KFED) and Bancorp Rhode Island Inc. (Nasdaq:BARI).

Arthrocare Corp (Nasdaq:ARTC), WNS Holdings Ltd (Nasdaq:WNS) and CFS Bancorp Inc (Nasdaq:CITZ) are among the new 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: PDL BioPharma Inc. (Nasdaq:PDLI), Take Two Interactive Software Inc. (Nasdaq:TTWO), Approach Resources Inc .(Nasdaq:AREX), Gladstone Commerical REIT (Nasdaq:GOOD), Bancorp Rhode Island Inc. (Nasdaq:BARI) and Tennant Co. (Nasdaq:TNC).

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

Small-cap stocks remained higher into the midday time frame, but the market did pull back well off the morning highs. A White House lifeline to automakers lifted market sentiment, and tech stocks were solid performers, helping to counter declines in retail and some commodity names, but the morning rise appeared to be on precarious footing heading into afternoon trading. Some of today’s small-cap gainers are MAP Pharmaceuticals (Nasdaq:MAPP), AbitibiBowater (NYSE:ABH) and China Eastern Airlines Corp.  (NYSE:CEA).

Other Market Watch highlights today included:

• The poorest performers so far included forest products, steel companies, home improvement retailers, footwear manufacturers and dept stores 
• The market could be vulnerable to a “buy-the-rumor, sell-the-fact” response to the automaker bailout now that the package is a known event.
• Energy stocks are up about 1% even though crude oil prices are down about $0.70 a barrel and tumbled to fresh 4 ½-year lows earlier today.  
• The best performers are industrial REITs, automobile manufacturers, IT consulting firms, gas utilities companies, managed healthcare firms.  
• Small-cap stocks remained higher into the midday time frame, but the market did pull back well off the morning highs. 

Small Cap Gainers:

• Midas Inc. jumped 24% as the Canadian life sciences company appears to be breaking out to the upside after an extended bottoming process. See (NYSE:MDS).  
• Alamo Group Inc. jumped 22% as the snow removal and tractor equipment product maker has seen unusually wide price swings this week. See (NYSE:ALG).  
• Bottomline Technologies rises 18% after announcing a partnership with QAD earlier this week. See (Nasdaq:EPAY)


Small Cap Losers:

• W Holding Company down 28% on lower-than-average volume. See (NYSE:WHI).
• FirstFed Financial is down 15% on heavy short interest. See (NYSE:FED).  
• Gushan Environmental Energy down 12% as energy stocks are on the slide today. See (NYSE:GU).  
• Gabelli & Co. downgrades Tennant to "sell;" shares fall 10%. See (NYSE:TNC). 

The market tried to stand tall through another batch of dreary economic data, but came up empty in the afternoon, with the Russell 2000 (NYSE:IWM) closing down 1.53%. Some of today’s small-cap gainers are G III Apparel Group (Nasdaq:GIII), Emeritus Corporation (NYSE:ESC) and BioSpecifics Technologies (Nasdaq:BSTC).

Other Market Watch highlights today included:

• The weekly claims report came in at 554,000, which was down from 575,000 last week, but basically in line with market expectations.
• The four-week moving average on claims rose to 543,750, which is the highest point since December 1982.
• The Philly Fed report came in at 39.3, which was up from last month’s reading, but still slightly below the consensus forecast.
• The overall employment picture in the U.S. is expected to get worse over the next couple of months.
• This morning, analysts at UBS lowered their forecast for 2009 profit estimates for the S&P 500. 
• Financial shares were on the mend today, and there were plenty of small banks near the top of the percentage movers list.
• Crude oil prices tumbled 9%, or $3.84 a barrel today, slipping to fresh four-year lows during the session
• Energy stocks paced the market’s afternoon slide, losing some 5%.

Small Cap Gainers:

• G III Apparel Group Ltd. (Nasdaq:GIII) closed 26% higher as the outerwear and sportswear manufacturer shot above the 20-day moving average for the first time since late October on solid volume.
• Emeritus Corporation (NYSE:ESC) rose 22% as the assisted-living . . .

Small-cap stocks finished off an up and down session with a jolting afternoon decline, as pressure from tumbling commodity stocks, weak profit reports and money flow away from equities toward credit instruments offset support from airlines and insurance companies. The Russell 2000 (NYSE:IWM) closed down 7.42, or 1.53% at 479.17 and is now down 37% for the year. Meanwhile, the Dow is off 35% for 2008, and the S&P 500 down 40%.

The market tried to stand tall through another batch of dreary economic data, but came up empty in the afternoon. The weekly unemployment claims report showed that 554,000 Americans filed for unemployment insurance last week, which might have been a drop from last week’s 26-year high, but was still a gloomy number in its own right. The four-week moving average for claims rose to 543,750, which itself ranks as the highest level in more than a quarter of a century. Data on mid-east manufacturing and leading economic indicators was predictably sour, but not a surprise.

Speaking of the economy, Federal Reserve Bank of Dallas President Richard Fisher said that the Fed “will not shy from pursuing every practicable means of supporting the functioning of financial markets and stimulating the economy back to a steady state by employing new techniques that fit the current circumstances.” What that means is that the Fed isn’t necessarily out of bullets just because interest rates are now effectively zero. Fisher said that the Fed would expand purchases of mortgage backed securities if that seems like a productive path. He also predicted that GDP would shrink 4% to 5% in the fourth quarter and that contraction was possible through the first half of 2009, with unemployment possibly rising beyond 8%. Fisher said that recent moves are starting to gain traction in credit markets but intimated that operations are still far from normal.

The yield on benchmark 10-year notes approached 2% today, reaching the lowest point in 50 years as investors continue to gobble up credit products as a safe-haven in a difficult environment for stocks. The 10-year yield (which moves inverse . . .

Small-cap stocks edged modestly higher into midday, with support from financial, insurance, airline and homebuilder stocks countered by sinking energy and commodity shares.  Some of today’s small-cap gainers are BioSpecifics Technologies Corp. (Nasdaq:BSTC), G III Apparel Group Ltd. (Nasdaq:GIII) and Emeritus Corporation (NYSE:ESC).

Other Market Watch highlights today included:

• Financial shares were on the mend today, and there were plenty of small banks near the top of the percentage movers list.  
• One immediate beneficiary of the energy price slide should be the airline group; sure enough airlines were among the best performers today.  
• The Commodity Research Bureau Index of 19 physical markets was down 1.7% at midday, clearly one of the weakest asset classes in the mix.  
• The U.S. dollar staged a big comeback against the euro today, not only wiping out overnight losses, but rising 0.9%.  
• Oil and gas drillers & oil equipment services firms are among the worst performers today; the Energy Select Sector SPDR Fund is down 2.6%.

Small Cap Gainers:

• BioSpecifics Technologies Corp. jumped 41% as the biopharma firm announced a licensing agreement with Pfizer Inc. See (Nasdaq:BSTC). 
• G III Apparel Group Ltd. jumped 21%, rising above the 20-day moving average for the first time since the third week of October. See (Nasdaq:GIII).  
• Emeritus Corporation rose 20%, as the senior facilities living operator climbed above $10 for the first time since early November. See (NYSE:ESC).  
• Chindex International Inc. rose 19% as the provider of health care products in China announced an executive pay freeze for 2009. See (Nasdaq:CHDX).  

Small Cap Losers:

• Tennant Co. slumped 19% as the safety solutions firm announced restructuring plans amid slower sales. See (NYSE:TNC).
• Central European Media Enterprises Ltd. tumbled 17% as the eastern European network gave back impressive gains from Wednesday in quick fashion. See (Nasdaq:CETV).  
• Actuant earnings slashed in first quarter, shares tumble 7%. See (NYSE:ATU).

Take Two Interactive Software Inc. (Nasdaq:TTWO), Tennant Co (Nasdaq:TNC) and Integral System Inc. (Nasdaq:ISYS) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Scholastic Corp. (Nasdaq:SCHL), Citizens Holdings Co. (Nasdaq:CIZN), Ensign Group Inc. (Nasdaq:ENSG), Stone Energy Corp. (Nasdaq:SGY), MDS Inc. (Nasdaq:MDZ) and Stewardship Financial Corp. (Nasdaq:SSFN).

Small-cap stocks were slightly lower early this morning, pulled down by a rash of weak profit reports and gloomy outlooks amid ongoing concerns about the economic environment. Energy stocks were a soft spot for the market as crude oil tumbled to fresh four-year lows. Some of today’s small-cap gainers are BioSpecifics Technologies Corp. (Nasdaq:BSTC), Apogee Enterprises Inc. (Nasdaq:APOG) and TTM Tech Inc. (Nasdaq:TTMI).

Other Market Watch highlights today included:

• The dollar rallied into positive territory against the euro after taking a hit overnight, which could weigh on various commodity markets.  
• Crude oil prices tumbled to four-year lows Wednesday and extended that slide today, off some $1.50 a barrel this morning.  
• The energy market was on the mend overnight, but started sinking fast into the stock market open.  
• This morning, analysts at UBS lowered their forecast for 2009 profit estimates for the S&P 500

Small Cap Gainers:

• BioSpecifics Technologies Corp. jumped 41% as the biopharma firm announced a licensing agreement with Pfizer Inc. See (Nasdaq:BSTC).  
• Apogee Enterprises Inc. rose 12% as the glass maker received an earnings-related lift. See (Nasdaq:APOG).  
• TTM Tech Inc. rose 8% as the circuit board manufacturer continues to climb off the November lows. See (Nasdaq:TTMI).  
• FedEx Corp. met the current forecast, but warned that 2009 looked quite weak and said they would cut costs to prepare. See (NYSE:FDX). 

Small Cap Losers:

• Tennant Co. slumped 19% as the safety solutions firm announced restructuring plans amid slower sales. See (NYSE:TNC).  
• Atheros Communications falls 9.3% in pre-market after being cut to "hold" by Deutsche Bank. See (Nasdaq:ATHR).  
• Actuant earnings slashed in first quarter, shares tumble 7%. See (NYSE:ATU). 
• JP Morgan cuts Bucyrus to "neutral;" shares down 4% in pre-market. See (Nasdaq:BUCY).  

Small-cap stocks were slightly lower early this morning, pulled down by a rash of weak profit reports and gloomy outlooks amid ongoing concerns about the economic environment. Energy stocks were a soft spot for the market as crude oil tumbled to fresh four-year lows. At 10:05 a.m. ET, the Russell 2000 (NYSE:IWM) was down 1.24, or 0.20%, at 485.35.

The Philly Fed report came in at 39.3, which was up from last month’s reading, but still slightly below the consensus forecast. The leading indicators report was down 0.4%, which was in line with projections.

Earlier this morning ahead of the opening, the weekly claims report came in at 554,000, which was in line with market projections, but still awful historically. The four-week moving average on claims rose to 543,750, which is the highest level since December 1982. Continuing claims edged down 4.384 million, down from 4.431, which is a mildly positive development – but again, these numbers are still among the highest in a generation and the overall employment picture in the United States is expected to get worse over the next couple of months.

Bullish traders will say that all the dreadful economic news is a known factor and is already priced into the market. What’s more, most of the profit news has been awful as well, but is also subject to the “been there, done that” market response. This morning, analysts at UBS lowered their forecast for 2009 profit estimates for the . . .

Atlantic Coast Federal Corp (Nasdaq:ACFC), Community Bankers Trust Units (Nasdaq:BTC.U) and Chimera Investment Corp (Nasdaq:CIM) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Boyd Gaming Corp (Nasdaq:BYD), QCR Holdings Inc (Nasdaq:QCRH), Tennant Co (Nasdaq:TNC), Photronics Inc (Nasdaq:PLAB), Wainwright Bank & Trust Co (Nasdaq:WAIN) and Zoran Corp (Nasdaq:ZRAN).

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