Wednesday's Small-Cap Winners & Losers
Small-cap stocks put up strong numbers Wednesday, though they generally trailed behind the major indices.
Canadian Solar (CSIQ) powered up on unusually high volume. The China-based provider of solar technology vaulted 30% to $14.53 after posting third-quarter earnings of 2 cents a share, or $522,000, up a penny a share from a year ago. Analysts polled by Thomson Financial expected a loss of 2 cents a share.
Also flying high was Reno, Nev.-based Altair Nanotech (ALTI). The company announced that a recently signed U.S. defense bill would allocate $7 million in federal funding to its sensor and energy-efficient battery projects. Shares rocketed 6.7% to $4.14.
Shares of China Direct (CDS) lifted 10.5% to $9.55 thanks to solid third-quarter earnings. The Boca Raton, Fla.-based company, which provides management and consulting services to Chinese businesses, swung to a profit on revenue that skyrocketed to $44 million. The revenue explosion yielded EPS of 16 cents, or $3 million, up from a loss of 2 cents a share in the year-ago quarter.Meanwhile, Hackensack, N.J., outsourcing-services provider Innodata Isogen (INOD) saw shares vault 45% to $5.78 on third-quarter earnings and raised guidance for the fourth quarter. Revenue growth of 74% fueled earnings of 8 cents a share, or $2.1 million, compared with a loss of 9 cents a share in third quarter 2006.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV