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Three Winners: More Big Moves from Little Companies
Andrew Snyder (August 19th, 2009) Writes:
The global markets are getting volatile. While Asian markets are dropping, a handful of American small caps are surging ahead. These three are leading the charge.
The American equities market is not letting some worries in Asia drive down its valuations. Although China’s Hang Seng was deep in the red again overnight, the folks on the Street have managed to pull all three major indices into positive territory today.
The big question we are waiting to get answered is if the 1,000 level will be a spot of resistance or support for the S&P 500.
For a handful of companies, the action on the broad market has no relevance. They are surging today whether their trading brethren come along for the ride or not.
One of the biggest movers so far this week has been American Axle (NYSE:AXL). For the second day in a row, the drivetrain manufacturer has watched its
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