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!

AK Steel: Small-Cap Winner

NEW YORK ( TheStreet) -- AK Steel (AKS - Get Report) was a notable gainer among small-caps Tuesday, jumping 4% to $16.27 after Steve Cohen-managed hedge fund SAC Capital Advisors disclosed a 4.8% stake in the company. The deal makes Cohen one of the largest shareholders in the company, the Associated Press noted.

Chinese small-cap companies were also in play. Shares of Gulf Resources (GFRE) were up by 24% to $6.85. The manufacturer of specialty chemical products such as Bromide and crude salt issued a strong forecast for revenue and profit growth for 2011 after the bell on Monday.

The company projects revenue of $195 million to $198 million, up 23.2% to 25.1% from last year. Net income is forecast to jump to $64 million to $66 million, more than 25% higher than 2010 profit. Brean Murray also initiated coverage on the stock with a buy.

China Shen Zhou Mining & Resources (SHZ - Get Report) saw its shares soar 15% to $4.86 after it reported a four-fold jump in revenues in the fourth quarter of 2010. The gains were driven by higher commodity prices, particularly fluorite, and higher processing of a larger amount of fluorite ore in the fourth quarter to develop greater tonnage of fluorite lumps and powder.

Shares of China Gengsheng Minerals (CHGS), a supplier of industrial material products, are rising more than 13% to $3.33. The company announced that it has signed a definitive agreement with a local affiliate in Gongyi, Henan Province to manufacture 30,000 metric tons of its fracture proppants, a material used in the hydraulic fracturing process in the natural gas industry, through the end of 2011.

With this addition, China GengShen's total annual fracture proppant capacity will increase by 20% to 90,000 metric tons.

FuelCell Energy (FCEL - Get Report) announced the appointment of longtime director John Rolls as chairman, replacing former CEO Dan Brdar. Shares were up 4% at $2.13.

TransSwitch (TXCC - Get Report) saw a 11% jump on unusual volumes. The company announced on Monday that it will be rolling out high-speed integrated circuits that will support both HDMI and Display Port standards.

Mortgage insurers PMI (PMI) and MGIC Investment (MTG) were rising 2.5% and 3% respectively.

--Written by Shanthi Bharatwaj in New York



>To contact the writer of this article, click here: Shanthi Bharatwaj.

>To follow the writer on Twitter, go to http://twitter.com/shavenk.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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
SHZ $0.10 0.00%
TXCC $0.00 0.00%
CHGS $0.00 0.00%
AKS $4.42 0.00%
FCEL $1.31 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

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