I've said it many, many times: every day there is an opportunity
to make big returns in the market on a percentage basis. This is
the lure of investing in stocks generally, and in small caps
specifically. Buy the right stock and you might make 20%, 50% or
100% in just a couple of days.
I'll gloss over the reality that this is extremely hard to do on
a repeat basis and instead go straight to the results from
yesterday's trading session. These are the stocks that made some
people extremely happy on Monday - the top performing small caps in
the Russell 2000 and S&P 600 Small Cap Indices:
Monday's Top Performing Small Cap Stocks (Data provided
by Capital IQ)
%Change (1 Day)
PRIMEDIA (NYSE: PRM): The consumer directories publisher's stock
rallied 60.3% on news that private equity group TPG Capital would
take it over for $7.10 per share.
Orthovita (Nasdaq: VITA): The $300 million market cap
company, which makes products to fuse human bones, and other
biosurgery products, soared 40.3% on news that Stryker Corp. (NYSE:
SYK) struck a deal to buy it for around $316 million.
EnerNOC (Nasdaq: ENOC): Credit Suisse upgraded the stock with a
$23 price target. The company provides energy efficiency services.
Read more at
Dynavox (Nasdaq: DVOX): The company makes speech and language
related software. Shares popped 13.7% when it announced earnings
per share of $0.07, a penny above the consensus analyst estimate.
SuperMedia (Nasdaq: SPMD): The media advertising company
publishes the Yellow Pages Directories. Its stock jumped 11.5% on
what I interpret as spillover from traders bidding up publishing
stock PRIMEDIA. The stock is still languishing - it hit a 52-week
low on May 13th at $3.31.