Small cap technology stocks might gain some investor attention
this week because of two events that are likely to generate
First up is Apple's rollout at its World Wide Developers
Conference (WWDC) of iCloud, the next generation of its music
service that will keep its users' songs on servers. Then there's
E3, the Entertainment Electronic Expo in Los Angeles, where all
things video games take center stage.
On Friday June 3
, both the Russell 2000 Index and the Standard & Poor's Small
Cap 600 Index lost about 1.5 percent for the day, a performance
similar to the Nasdaq Stock Market. Both the Dow Jones Industrial
Average and the Standard & Poor's 500 closed less than 1
For the week, the Russell 2000 shed 3.4 percent, while the
S&P Small Cap 600 lost 3.2 percent. Despite the decline, the
Russell 2000 is still up 3.6 percent for the year, while the
S&P Small Cap 600 has gained 4 percent year to date.
June 3rd: Top Performing Small Cap Stocks (Data provided
by Capital IQ)
Air Methods (Nasdaq: AIRM): The Denver-based provider of air
medical emergency services across the U.S. hit a 52-week high after
announcing plans to acquire competitor OF Air Holdings for $200
): The maker of lift truck and construction equipment shot up
following a stellar quarter in which earnings beat analysts'
estimates by 77 percent.
): The sports apparel maker's second-quarter earnings also beat
analyst estimates and Piper Jaffray lifted the stock to overweight
from buy, and raised the 12-month price target to $5.50.
GT Solar International (Nasdaq: SOLR): The solar equipment maker
reached its highest level since 2008 after announcing a $460.4
million order from China for advanced sapphire crystallization
furnaces, in the company's largest single contract ever.
Imperial Sugar (Nasdaq: IPSU): Shares of the processor and
marketer of refined sugar in North America reached a 52-week high
after it received a buy upgrade from Janney Capital Markets
analysts. The dividend-paying stock is up 61 percent
Read more about trending stocks on our
Small Cap Investor Blog