This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monday's Small-Cap Winners & Losers

Small-cap stocks swung back and forth along with the major indices Monday, and both the Russell 2000 and Dow Jones SmallCap 600 were recently down about 1%.

One of the big losers for the day, Franklin Bank (FBTX), increased by $20 million its allowance for credit losses in response to pressure on the housing market and the homebuilding sector. Shares of the Houston banking company crumbled 24% to $4.25.

Meanwhile, Simulations Plus (SLP - Get Report) took a 17% dive to $5.40 on fourth-quarter earnings. The Lancaster, Calif., pharmaceutical software company registered a loss of $57,000, or zero cents a share, compared with a year-ago profit of $249,000, or 1.5 cents a share. The company blamed an accounting error that led to an increase in its income tax rate from 24% in 2006 to 44% in 2007. One analyst polled by Thomson financial was expecting income of 3 cents a share.

In the up-and-down action, several stocks made bullish moves. One big gainer was Kapolei, Hawaii's Hoku Scientific (HOKU). Shares rose 44% to $8.51 as the provider of clean energy products inked a $306 million, eight-year supply deal with Solarfun (SOLF). Hoku will deliver polysilicon to Solarfun, which produces photovoltaic cells and modules in China. Solarfun shares were up 4% to $11.36.

Another China-related deal lifted China Fire & Security (CFSG) 13% to $12.81 after it announced it won a $31 million contract with fellow Beijing company Shougang Jingtang Steel to build the steel producer's fire-protection system.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
SLP $5.80 -1.69%
AAPL $132.65 1.82%
FB $81.91 0.47%
GOOG $555.37 -1.71%
TSLA $231.55 6.01%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs