Tag - Ttec

Rambus Inc. (Nasdaq:RMBS), Euronet Worldwide Inc. (Nasdaq:EEFT) and Catapult Communications Corp. (Nasdaq:CATT) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: United Natural Foods Inc. (Nasdaq:UNFI), Taleo Corp. (Nasdaq:TLEO), TeleTech Holdings Inc. (Nasdaq:TTEC), IXYS Corp. (Nasdaq:IXYS), Zion Oil and Gas Inc. (Nasdaq:ZN) and NutriSystem Inc. (Nasdaq:NTRI).

TeleTech Holdings Inc. (Nasdaq:TTEC), Axsys Technologies Inc. (Nasdaq:AXYS) and One Liberty Properties Inc. (Nasdaq:OLP) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Molina Healthcare Inc. (Nasdaq:MOH), Williams Controls Inc. (Nasdaq:WMCO), American River Bankshares (Nasdaq:AMRB), A.O. Smith Corp. (Nasdaq:AOS), Doral Financial Corp (Nasdaq:DRL) and Movado Group Inc. (Nasdaq:MOV).

TeleTech Holdings Inc. (Nasdaq:TTEC) shares are edging higher today after the company announced ahead of the opening its second-quarter results had beat Wall Street forecasts. For the quarter ended June 30, net income for the Englewood, Colo.-based company was $20.4 million, or $0.28 per share, compared with $8.7 million, or $0.12 per share, for the same quarter a year ago. Revenues grew to $357 million, up from $330 million. Analysts were expecting earnings per share of $0.25 on revenues of $353 million. TeleTech provides business process outsourcing solutions.

In today’s trading, shares are at $14.73 at 9:37 a.m. ET, up $0.68 from Friday’s close. During the past year, shares have ranged from $10.02 to $35.24.

SemGroup Energy Partners LP (Nasdaq:SGLP), TeleTech Holdings Inc (Nasdaq:TTEC) and ValueClick Inc (Nasdaq:VCLK) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Courier Corp (Nasdaq:CRRC), Northern States Financial Corp (Nasdaq:NSFC), Hawthorn Bancshares Inc (Nasdaq:HWBK), Cornerstone Progressive (Nasdaq:CFP), China Nepstar Chain Drugstore Ltd (Nasdaq:NPD) and C&F  Financial Corp (Nasdaq:CFFI).

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

Small-cap stocks generated another solid rally Thursday, boosted by decent earnings from key bellwether stocks and a downward spiral in crude oil prices. The Russell 2000 (NYSE:IWM) closed up 9.88, or 1.44%, at 696.63.

For the second consecutive session, investors were willing to dip their toes back into what had been chilly water surrounding the financial arena. The Financial Select Sector SPDR Fund rose 5.3% and pushed through the 20-day moving average for the first time since mid-May. Within the financial sphere, JP Morgan (NYSE:JPM) was the big catalyst for the bulls today, jumping 10% after reporting solid quarterly earnings that topped the forecast. Once again, embattled government-sponsored mortgage giants Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) produced a stout rally, which calmed investor fears about the banking system and lent a supportive tone as well.

Crude oil prices tanked again today, crumbling some $5 dollars a barrel to slip through $130 dollars as options expirations heightened a selling mentality that was already in play amid concerns about softer demand from the higher price structure. Lower energy costs would be a welcome sign not only to consumers already pinched from higher food and gasoline prices, but also from many businesses that have seen margins sliced away by higher input fuel costs. Elsewhere on the commodities inflation front, soybeans, corn, wheat, sugar and cocoa all were sharply lower, and the iPath GSCI Total Return commodities index tumbled 3.0%.

While JP Morgan’s strong results appeared to be a driving force behind today’s stock market rally, there was a raft of big name companies that had surprisingly stout quarterly earnings on display. For example, United Technologies Corp. (NYSE:UTX), the world’s largest maker of elevators and air conditioners, climbed a cool 5.8% after beating the Street’s forecast. Within the capital-goods industry, UTX . . .

Outsourcing firm TeleTech Holdings Inc. (Nasdaq:TTEC) is down more than 21% today after the company on Wednesday restated 12 years of financials to show it had under-reported the value of stock-based compensation by $59.7 million. TeleTech submitted amended financial reports to the U.S. Securities and Exchange Commission. The filings were the result of a voluntary and independent review, the Englewood, Colo.-based company said.

“The review did identify, among other things, certain mistakes that were made in TeleTech's accounting for equity-based compensation from the Company's IPO in 1996 through August 2007 that required restatement of historic financial statement,” the company said in a statement. “The cumulative, non-cash expense recorded as part of the restatement for equity-based compensation expense was $59.7 million on a pre-tax basis. The majority of these adjustments affected periods prior to 2001.”

TeleTech also lowered its full-year outlook based on a weak global economy.  

In today’s trading, shares of TeleTech are at $14.11 at 1:21 p.m. ET, down $3.79 from Wednesday’s close. Trading volume is more than 17 times the average at about 9.8 million shares.

SemGroup Energy Partners LP (Nasdaq:SGLP), TeleTech Holdings Inc (Nasdaq:TTEC) and Insteel Industries Inc (Nasdaq:IIIN) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: ValueClick Inc (Nasdaq:VCLK), Courier Corp (Nasdaq:CRRC), Citizens Holdings Co (Nasdaq:CIZN), Texas Capital Bancshares Inc (Nasdaq:TCBI), Meridian Bioscience Inc (Nasdaq:VIVO) and Lakeland Bancorp Inc (Nasdaq:LBAI).

Here are the biggest percentage losers among small caps:

Small-cap stocks pushed higher on the opening, lifted by solid earnings results from key names in the large-cap arena, which spilled over into the overall market psyche. In addition, economic reports have been a mild upside surprise this morning and stock markets overseas were higher overnight, which helped set up a platform to extend Wednesday’s big rally. At 10:03 a.m. ET, the Russell 2000 (NYSE:IWM) was up 3.35, or 0.49%, at 690.10.

In overseas trading, European shares were up about 2%, Japan was up 1%, Hong Kong rallied 2.4%, Taiwan surged 3.9%, India was up 4.2%, South Korea up 1.2%, Singapore up 1% and Australia up 0.6%.

Crude oil futures drifted higher after the stock market open, which drained away some of the morning gains in equities. Crude oil prices were lower overnight, and are down some $10 dollars a barrel off the recent highs, but traders remain sensitive to the volatile nature of energy markets, especially when recent declines have been short-lived.

Headline figures from economic data this morning have been much improved over the sobering inflation reports seen Tuesday and Wednesday. Weekly claims rose to 366,000 this week, but were below expectations for a rise to 380,000. Also, housing starts jumped 9.1%, which was far better than the forecast for a 1.5% dip. However, the housing starts report was boosted by data quirk adjustments and it will take more evidence in future reports to suggest that the housing market is anywhere near the recovery road.

The final piece of today’s data puzzle came in at 10:00 a.m. ET, with the July Philly Fed Survey, which came in softer than expected at minus 16.3 and appeared to pull stock index products off the morning highs.

The market is now deep into Q2 earnings season, and some of the “big” . . .