Small cap stock indices climbed higher on Thursday, thanks to
news including an acquisition and better-than-expected results from
retailers and a rising star tech company.
But the holiday-shortened week is headed towards a rocky finish, as
Friday morning's report on the June employment data was
discouraging about the pace of the U.S. economic recovery.
The two leading small cap indices easily outperformed the large
caps again on Thursday. The Russell 2000 Index closed the day up
1.52 percent, while the Standard & Poor's Small Cap 600 Index
finished with a 1.39 percent increase. By comparison, the Dow Jones
Industrial Average ended the day 0.74 percent higher, the S&P
500 was up 1.05 percent, and the Nasdaq Stock Market finished with
a 1.36 percent gain.
Thursday's Top Performing Small Cap Stocks (Data provided by
APAC Customers Services (Nasdaq: APAC)
: The provider of customer care services agreed to a $470 million
acquisition offer from OneEquity Partners, an investment unit of
OCZ Technology Group (Nasdaq: OCZ)
: The maker of solid state drives for computers reported revenue
more than doubled and posted adjusted net income of 1 cent per
share. It predicted a full-year revenue rise of at least 65
percent. The share price has jumped 210 percent in the past year.
Bebe Stores (Nasdaq: BEBE)
: The women's apparel retailer reported fiscal fourth-quarter sales
and same-store sales both rose 7 percent. The stock is up 30
Achillion Pharmaceuticals (Nasdaq: ACHN)
: The developer of treatments for infectious diseases has seen its
shares rise 280 percent in the past year, and last month had a
successful sale of 1.44 million more shares that raised $60.9
Hot Topic (Nasdaq: HOTT)
: The teen retailer reported its same-store sales rose 0.4 percent,
with same-store sales at its Torrid chain for overweight teens
rising 7 percent. Analysts were expecting a decline.