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
TheStreet Open House

Wednesday's Small-Cap Winners & Losers

Small-cap stocks lost their footing early Wednesday along with the broader market as a weak durable-goods number dented investor confidence.

Airlines suffered on increasing oil prices and concerns about waning consumer demand. Shares of Denver-based Frontier Airlines (FRNT) lost 8.5% to $2.43, while Houston's ExpressJet (XJT), which operates as Continental Express, lost 8.7% to $2.53.

San Diego-based women's retailer Charlotte Russe (CHIC) fell 14.4% to $17.20. The company forecast third-quarter earnings per share between 27 cents and 30 cents. Analysts polled by Thomson Financial are looking for EPS of 41 cents.

Corus Bankshares (CORS), the Chicago-based holding company for Corus Bank, sank on a Wall Street Journal report that the company's exposure to commercial real estate development loans brings extensive risk to its portfolio. Shares slipped 3.8% to $11.20.

Cooper Tire & Rubber (CTB - Get Report), a Findlay, Ohio, maker and vendor of replacement tires, lost 10% to $15.53 on a KeyBanc Capital Markets downgrade to hold from aggressive buy.

On the winning side, Capital Product Partners (CPLP - Get Report), a Piraeus, Greece-based operator of double-hull product tankers, jumped 11% to $18.70. JPMorgan initiated coverage of the company with an overweight rating.

Ascent Solar (ASTI - Get Report) shares climbed 10% to $11.70. The Littleton, Colo., maker of thin-film photovoltaic modules announced it may replace troubled broker Bear Stearns (BSC) as lead underwriter or seek additional backers for its $80 million equity offering announced March 14.

More broadly, the Russell 2000 gave up 0.6% to 700.95, and the S&P SmallCap 600 ticked down 0.7% to 371.63.

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
ASTI $1.18 -2.10%
CPLP $9.27 -3.30%
CTB $41.27 0.27%
AAPL $123.25 -0.80%
FB $83.30 0.35%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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