Tag - Uam

ArcSight Inc. (Nasdaq:ARST), Steinway Musical Instruments Inc. (Nasdaq:LVB) and PHI Inc. (Nasdaq:PHIIK) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Clearwater Paper Corp. (Nasdaq:CLW), ExlService Holdings Inc. (Nasdaq:EXLS), Rex Stores Corp. (Nasdaq:RSC), Nymagic Inc. (Nasdaq:NYM), Universal American Corp. (Nasdaq:UAM) and Vocus Inc. (Nasdaq:VOCS).

FCStone Group, Inc. (Nasdaq:FCSX), Polypore International Inc. (Nasdaq:PPO) and Amicus Therapeutics Inc. (Nasdaq:FOLD) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Northwest Pipe Co. (Nasdaq:NWPX), Universal American Corp. (Nasdaq:UAM), Calgon Carbon Corp. (Nasdaq:CCC), Medicines Co. (Nasdaq:MDCO), Hutchinson Technology Inc. (Nasdaq:HTCH) and Hungarian Telephone and Cable Corp. (Nasdaq:HTC).

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

Universal American Corporation (NYSE:UAM) shares have soared 20% today after the company posted a rise in its second-quarter earnings and revenues. For the quarter ended June 30, net income was $28.4 million, or $0.32 per share, compared with $22.3 million, or $0.35 a share, for the same period a year earlier. Wall Street was expecting earnings per share of $0.18. Revenues grew to $1.3 billion, up 77% from a year ago. The Rye Brook, N.Y.-based company offers health insurance and managed care products and services.

At 1:16 p.m. ET, shares are at $12.65, up $2.16 from Thursday’s close. During the past year, shares have ranged from $8.12 to $26.50.

Astronics (Nasdaq:ATRO), Innophos Holdings Inc (Nasdaq:IPHS) and USA Mobility Inc (Nasdaq:USMO) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Peet's Coffee & Tea Inc (Nasdaq:PEET), Nautilus Inc (Nasdaq:NLS), thinkorswim Group Inc (Nasdaq:SWIM), Universal American Corp (Nasdaq:UAM), Innovative Solutions and Support Inc (Nasdaq:ISSC) and RehabCare Group, Inc (Nasdaq:RHB).

Here are the biggest percentage gainers among small caps:

Small-cap stocks pushed higher in morning trade, overcoming ongoing fears about the credit crunch, particularly as they relate to slumping home financing providers Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE). At 10:02 a.m. ET, the Russell 2000 (NYSE:IWM) was up 4.84, or 0.70%, at 668.39. Shortly after the open, FNM shares collapsed 16%, while FRE was down 18%.

Buyers in the stock market seemed to gain some confidence on news that Federal Reserve Chairman Ben Bernanke’s congressional testimony today will show that the central bank remains focused on financial market turmoil. Wire service reports said that Bernanke would push to let the government “liquidate” any major firm on the cusp of bankruptcy.

The morning seemed full of promise just one hour before the regular opening, with stock index futures charging higher on M&A news, an improved outlook from consumer barometer Wal-Mart (NYSE:WMT) and a bullish surprise on the headline weekly claims report. However, the market turned south about 30 minutes ahead of the open as the credit crunch jitters overtook investor psychology amid talk that FNM and FRE were approaching insolvency. Spreads traded on the firms in the debt market widened substantially after former Federal Reserve official William Poole said the firms may need to be bailed out.

Stock index futures made the overnight high when the weekly claims report came out at 346,000, which was much better than the forecast for 395,000, and which should have alleviated some of the recession fears fanned by last week’s stunning 404,000 claims report. However, continuing claims remained above 3 million, which underscores a difficult labor market picture.

Wal-Mart’s June same-store sales jumped 5.8%, which surpassed analyst expectations for a rise of 3.8%. The retailer followed up the strong sales news by raising their second-quarter outlook, which sparked a rally in overnight trading in WMT, but the stock was basically flat early on today after the open. There is some concern that the bump in WMT June sales may have been bolstered artificially by the fiscal . . .

Small-cap stocks charged higher Friday, giving beleaguered bulls a happy weekend sendoff. The Russell 2000 (NYSE:IWM) rose 13.07, or 1.85% to 721.07, the highest daily close since mid-February as investors embraced the latest batch of earnings numbers with open arms.

In a sense, it was a perfect storm of broad-based earnings reactions Friday, with Citigroup Inc. (NYSE:C) lifting financials, Google Inc. (Nasdaq:GOOG) fueling technology issues, and Caterpillar Inc. (NYSE:CAT) sparking buying interest in the manufacturing sector.

It perhaps took a little creativity on the part of investors to “spin” the Citigroup story into a positive one, as the company still reported massive debt write-downs and missed the earnings estimate. In essence, investors looked through the headline numbers and decided the story on Citigroup was headed toward happier times.

However, no such rose-colored glasses were needed for Google or Caterpillar. Google shot 20% — or about $90 bucks a share — as earnings topped estimates, and Caterpillar, which climbed about 8%, also beat their forecast despite sluggish economic conditions in the manufacturing sector in recent months. Just to add a little extra good vibes into the mix, another manufacturing giant, Honeywell International Inc. (NYSE:HON) also reported strong earnings and rose nearly 6% on the day.

April options expirations came into play today, and the market appeared to be out of position on the short side, which likely fueled the rally, said Nick Kalivas, vice president of financial research with MF Global, in a phone interview. In addition, “there . . .

TomoTherapy Inc. (Nasdaq:TOMO), Pharmaxis Ltd. (Nasdaq:PXSL) and Universal American Corp. (NYSE:UAM) were among the new 52-week lows established during Friday's trading among companies with market capitalizations or values under $750 million.

Calumet Specialty Products Partners, L.P (Nasdaq:CLMT), Mac-Gray Corp. (NYSE:TUC) and Ladish Co., Inc. (Nasdaq:LDSH) were also among the 52-week small-cap lows.

Here are today's 52-week small-cap lows: