This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Thursday's Small-Cap Winners & Losers

Small-cap stocks fared much the same as the major indices Thursday, hopping back and forth across the baseline.

Shares of Valence Tech (VLNC), an Austin, Texas-based maker of battery technology, shot up 54% to $2.30. For the third quarter of its fiscal 2008, the company announced a net loss of $5.7 million, or 5 cents a share, vs. a loss of $6 million, or 6 cents a share, a year ago, on a 48% revenue increase to $3.4 million. Valence also announced a $70 million deal with Tanfield Group to supply batteries for Tanfield's Smith Electric Vehicles.

Meanwhile, shares of San Jose, Calif., integrated circuit maker Power Integrations (POWI - Get Report) jumped 30% to $27.90. The company announced last night that it had acquired Potentia Semiconductor for $5.5 million in cash and followed the announcement with strong earnings results. For the fourth quarter, Power Integrations posted non-GAAP income of $12.4 million, or 38 cents a share, vs. $5.8 million, or 19 cents a share, in 2006. The Street was looking for EPS of 35 cents. This morning, Needham & Co. upgraded the stock to strong buy from buy.

Also gaining was clothing retailer Children's Place (PLCE - Get Report). The Secaucus, N.J.-based company reported a 6% year-over-year increase in January same-store sales, or sales from stores open at least a year. Children's Place also announced that the Nasdaq had threatened to delist it for failing to hold its fiscal 2006 stockholder meeting thanks to a delay in its annual earnings report. The same morning, former CEO Ezra Dabah said he may buy the company for $24 a share. The stock climbed 18% to $20.91.

On the losing side, Select Comfort (SCSS - Get Report), an adjustable-firmness bed manufacturer based in Minneapolis, last night reported fourth-quarter earnings of $2.2 million, or 5 cents a share, compared with $10.8 million, or 20 cents a share, in 2006. Analysts were looking for 13 cents a share. Morgan Keegan downgraded the company to underperform from market perform. Shares sank to a five-year low, and were recently down 28% to $5.17.

Spectrum Brands (SPC) shares slipped 19% to $3.70. The Atlanta maker of consumer batteries and pet grooming products announced first-quarter adjusted EPS of 6 cents, compared with 12 cents a year ago. Analysts were expecting 9 cents a share. Revenue was also down to $560.5 million from $564.6 million.

More broadly, the Russell 2000 was up 1.1% at 700.10, and the S&P SmallCap 600 was up 1.1% at 369.32.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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
VLNC $0.65 0.00%
POWI $56.10 2.30%
PLCE $58.01 1.80%
SCSS $32.24 0.45%
AAPL $129.09 0.49%

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs