Technology was the driving force behind a rise in both small and
mid-cap stocks on Tuesday.
The Standard & Poor's small-cap technology index rose 3
percent. Bank of America Merrill Lynch analysts are impressed with
the balance sheets of small-cap technology stocks, noting that they
should outshine their large cap brethren.
The Russell 2000 Small Cap Index and the Standard & Poor's
Small Cap 600 both gained 2.3 percent in value on Tuesday. The
technology-heavy Nasdaq Stock Market gained a similar 2.2 percent,
while two other major U.S. stock indexes also held their ground -
both the Dow Jones Industrial Average and the Standard & Poor's
500 closed 1.6 percent higher.
July 19th: Top Performing Small Cap Stocks (Data provided by Google
InterDigital (Nasdaq: IDCC)
: The wireless technology company said it's exploring its options,
including a possible sale, following last month's successful
auction of Nortel Networks intellectual property which brought in
$4.5 billion. IDCC owns about 1,300 patents related to mobile phone
PetroQuest Energy (
: Shares traded sharply higher after the oil and gas explorer
issued an operational update that revealed details of a discovery
at its La Cantera site in Louisiana. Raymond James analysts bumped
the stock rating to market perform based on the new findings and an
improving balance sheet.
Voyager Oil & Gas (
: Shares of this explorer, which has operations in the Western
U.S., crossed back above $3 and have risen 40 percent in the past
month, amid increasing investor interest in companies drilling in
the Bakken region.
Abraxas Petroleum (Nasdaq: AXAS)
: The oil and gas company has far-flung operations across North
America, including in the hot Bakken region. Shares have popped 60
percent in the past month, regaining some ground lost earlier this
FuelCell Energy (Nasdaq: FCEL)
: The developer of stationary fuel cells used by commercial and
government customers might be headed for a rebound from a pullback
that began this spring - which has left the stock down 39 percent