Winners & Losers

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Small-Cap Winners & Losers: Pilgrim's Pride

06/16/08 - 04:22 PM EDT

TSC Staff

Updated from 2:09 p.m. EDT with new stock prices

Small-cap stocks posted gains Monday, trading ahead of floundering blue-chip stocks and in line with the tech sector. Bullish trading in semiconductor companies prompted many of the large gains, and companies in the food space incurred heavy losses. The Russell 2000 climbed 0.9% to 740.34, and the S&P SmallCap 600 added 1.1% to 391.34.

Amkor Technology (AMKR - Cramer's Take - Stockpickr), a Chandler, Ariz., semiconductor and test services company, rocketed 9.6% to $11.66. AmTech Research upgraded the stock to buy from neutral.

ASM International (ASMI - Cramer's Take - Stockpickr), another semiconductor firm based in the Netherlands, shot up 9.2% to $29.61 as chipmaker Applied Materials(AMAT - Cramer's Take - Stockpickr) announced its continued interest in buying part of ASM's business. ASM had on Friday rejected previous Applied Materials overtures, saying the segments Applied offered to buy for up to $500 million were central to its strategy.

Landry's Restaurants (LNY - Cramer's Take - Stockpickr) soared 17.4% to $19.71. The Houston-based operator of Rainforest Café and other franchises announced it had agreed to a buyout by its CEO, Tilman Fertitta, for $21 a share.

On the losing side, chicken purveyor Pilgrim's Pride (PPC - Cramer's Take - Stockpickr), based in Pittsburg, Texas, sank to new lows on a Credit Suisse downgrade to neutral from outperform. The analyst noted that chicken prices have not increased fast enough to cover rising feed costs due to recent increases in the price of corn. The firm cut is target price for the stock to $19 from $33. The stock was down 8.4% at $16.85.

Shares of Cayman Islands' fresh fruit producer Fresh Del Monte (FDP - Cramer's Take - Stockpickr) dwindled 15.1% to $27.07. Rival Chiquita forecast a "significant" third-quarter loss and announced that banana volumes have slumped in April and May.

This article was written by a staff member of TheStreet.com.

TheStreet Picks

Winners & Losers

Go To Section Home


06/13/08
Small-Cap Winners & Losers: Finisar

The data communication systems company suffered on a Piper Jaffray downgrade.


06/12/08
Small-Cap Winners & Losers: Palm

The maker of mobile phones saw shares rise on a deal with Verizon Wireless.


06/11/08
Small-Cap Winners & Losers: Xerium

The supplier of products for paper production climbed on a Citigroup upgrade.


08/05/08
Three Internet Stocks That Could Double

These forgotten Internet stocks are being accumulated by hedge funds.


08/15/08
The Five Dumbest Things on Wall Street

Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...


08/15/08
McCain Fund-Raising Picks Up

The GOP presidential candidate raised $27 million in July.


08/15/08
Cash-Back Cards Aren't Money in the Bank

Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!