Small Cap Top Weekly Gainers In The Services Sector – (CKP, ANN, FRAN, OMX, MWW)
Investors appear to have been disappointed with the latest earnings reports and outlooks for the coming months of several companies engaged in providing online travel services. Issues related to macroeconomic instability and weakness in Europe seem to be weighing on the industry, as do concerns of increased rivalry as Google Inc (NASDAQ:GOOG) may be set to enter the market.
Increased marketing costs could hurt the second quarter earnings of Orbitz Worldwide, Inc.(NYSE:OWW), which reduced by 48 percent. Sales declined by 0.4 percent. The company has since adjusted its forecast for complete fiscal year revenue growth in a range of 2 to 4 percent from earlier outlook between 4 and 8 percent.
On the other hand, Priceline.com Inc (NASDAQ:PCLN) reported second quarter profit growth of 37 percent and revenue growth of 20.3 percent as compared to last year. However, Priceline’s guidance for the current quarter was also down from what some anticipated, coming in at $11.10 to $12.10 per share with predicted revenue growth in a range of 9 to 15 percent.
Last week, Checkpoint Systems, Inc (NYSE:CKP) was among the upbeat performers in the services sector with a performance of +22.03%. So far in 2012, the company has a year-to-date performance of -21.02%. The stock, as of last close, traded 29.15% up from its 52 week low and was 45.21% behind its 52 week high. Its latest closing price was -14.30% below the SMA200 while the distance from SMA 50 and SMA 20 was +9.51% and +17.93% respectively.
CKP manufactures and markets identification, tracking, security, and merchandising solutions for the retail and apparel industry worldwide.
Another positive stock in the industry, Ann Inc (NYSE:ANN) together with its subsidiaries, operates as a retailer of women’s apparel, shoes, and accessories in the United States. Ann Inc has YTD performance up at +36.76% and moved up 2.22% in the last week. Its price, as of the latest close, was up 78.37% compared with the 52 week low.
The stock’s latest closing price was up +31.06% from the average-price of 200 days while it kept its distance from the SMA 50 at +29.70% and +23.81% compared with the SMA 20.
Francesca’s Holdings Corp (NASDAQ:FRAN) has shown an uptrend of +10.96% in the last week with YTD performance of +98.38% and 3-month performance up +57.29%. Its latest closing price was +36.95% up from an average-price of 200 days while it maintained a distance from the SMA 50 at +18.81% and +11.88% compared with the SMA 20.
The stock was up 125.49% from the 52 week low. FRAN, through its subsidiary, Francescas Collections, Inc., operates a chain of retail boutiques under the Francescas collections brand in the United States.
OfficeMax Incorporated (NYSE:OMX) together with its subsidiaries, distributes business-to-business and retail office products. The year-to-date performance of OfficeMax Incorporated stands at +24.78% with an advance of +9.73% in the last week and +19.24% in the previous three months.
Its price, as of the latest close, was 45.23% up from the 52 week low and was 12.28% below the 52 week high. Its latest closing price was +12.91% up from an average-price of 200 days while it kept its distance from the SMA 50 at +19.03% and +18.04% compared with the SMA 20.
Monster Worldwide, Inc (NYSE:MWW) so far this year moved down -8.58% and for last week its performance stands at +8.86%. The stock was up 26.75% from the 52 week low and was 30.29% below the 52 week high. Its latest closing price was -10.38% down from an average-price of 200 days while it kept its distance from the SMA 50 at -5.25% and +6.00% compared with the SMA 20.
MWW together with its subsidiaries, provides online employment solutions worldwide.
Disclosure: Opinions expressed in this article are those of the authors alone who have no stake in any stocks mentioned, and did not plan to acquire any stake within the next 72 hours.
