EXPD Expeditors International of Washington Inc

Q4 Earnings Estimates Are Coming Down

The bulk of the Q3 earnings season is now behind us, with results from 367 S&P 500 members, or 73.4% of the index’s total membership, already known. We have a busy reporting docket this week as well, the last busy week of the Q3 earnings season, with more than 635 companies releasing results, including 72 S&P 500 members. This week’s reporting line-up has heavy representation from the oil & gas and utility industries, though a number of major media companies like CBS Corp (CBS) and Disney (DIS) are also reporting results.

Our overall verdict on the Q3 earnings season is favorable, particularly relative to the last few quarters. That actual results have been better relative to lowered pre-season expectations is no surprise given management team’s impressive track record in under-promising and over-delivering. There is still not much growth and most companies are still guiding lower, prompting estimates for Q4 to come down. But whatever little growth we have in Q3 thus far is better than we have seen in recent quarters. And for those keeping records, the Q3 earnings season appears on track a new quarterly record for total earnings, surpassing the level achieved in Q2.

Q3 Earnings Scorecard (as of Friday, 11/1/2013)

Total earnings for the 367 S&P 500 companies that have reported results are up +4.3% with 67% beating earnings expectations, while total revenues for these companies are up +2.8% and 52.6% are beating top-line expectations. The table below shows the current earnings scorecard.
 

This is better performance than what this same group of 367 companies reported in Q2, and the 4-quarter average. As you can see in the chart below, the earnings and revenue growth rates for these companies is a notable improvement on what we saw from this same group of companies in Q2 and the 4-quarter average.

   
Unlike recent quarters, The Finance sector isn’t driving growth in Q3. Total earnings growth outside of Finance of +2.8% compares to earnings decline of -4.3% in Q2 and the average -1.5% decline in the preceding four quarters. Improved growth at the Technology, Basic Materials, and Transportation sectors accounts for the positive ex-Finance variance in Q3 relative to the recent past.

Total earnings for the 81.4% of the Technology sector’s market capitalization, that have reported results already, are up +5.1% from the same period last year, which compares to earnings declines of -11.6% in Q2 and the 4-quarter average of -3.4%.

At the medium industry level (or M level), we have 7 industries in the Technology sector, of which only Telecom Services hasn’t reported any results as of yet. The growth picture has improved for each of the other six industries, with the improvement particularly notable for the Software & Services and Semiconductor industries. These two industries combined, account for 41% of the sector’s total earnings.

Strong earnings growth at Google (GOOG) and Microsoft (MSFT) accounts for the positive growth profile of the Software & Services industry and account for a big part of the Tech sector’s positive growth picture. Excluding both these companies form the Tech sector’s tally, the sector’s Q3 total earnings growth drops from +5.1% to +1.6%.   

Total earnings for the Computer & Office Equipment industry, the biggest industry in the sector accounting for almost 44% of the sector’s total earnings, are down -4.3% from the same period last year, primarily driven by tough comparisons for Apple (AAPL). But this still better performance than what the industry was able to achieve in recent quarters. Apple’s negative year-over-year comparison has been a big drag on the sector’s growth picture. Excluding Apple, total earnings for the Tech sector would be up +9.6% (up +5.1% including the company).

Total earnings for the Basic Materials sector are up +10.2% on +2% higher revenues. The improvement in the sector’s growth numbers is primarily a function of easy comparisons, particularly in the sector’s dominant chemicals industry (69% of total sector earnings come from the Chemicals & Fertilizer industry). The Chemicals industry earnings are up +11.3% at this stage, largely due to easy comparisons at Dow Chemicals (DOW). Dow missed and guided lower, but its Q3 total earnings were up year over year.

The Composite Growth Picture

Total earnings for the S&P 500 as a whole, combining the results from the 367 that have reported with estimates for the remaining for the 133, is for growth of +4% on +2.5% higher revenues. This compares to +3.4% earnings growth in Q2 on flat revenues.

Only five of the 16 Zacks sectors are expected to have double-digit earnings growth in Q3 – Finance (+10.7%), Construction (+30.7%), Transportation (+13.5%), Autos (+32.1%) and Aerospace (+13.1%). Excluding Finance, total earnings for the S&P 500 are expected to be up +2.5% on +3.1% higher revenues, which is up from a decline of -2.3% in total earnings on +1.1% higher revenues in Q2.

Given the trend we have seen thus far, actual earnings growth in Q3, when all reports are in, will most likely be better than what saw in the first two quarters of the year – likely in the +4.5% to +5% range. As modest as this growth rate is, it will still be the best quarterly earnings growth rate of 2013 thus far.  

Q4 Estimates Coming Down

Estimates for Q4 have started coming down, though they still have plenty of room to go before reaching ‘reasonable’ levels. The chart below shows consensus earnings growth rates for the next two quarters, the composite estimate for Q3 and the actual growth rates for the first two quarters of the year.
 

The chart below shows the evolution of Q4 growth rate over the last few weeks.
 

Part of the strong Q4 growth is a function of easier comparisons, as 2012 Q4 represents the lowest quarterly earnings total for the S&P 500 in the last six quarters, with the comps particularly easy for the Finance sector. But it’s not all due to easy comparisons, as the expected earnings totals for Q4 represent a new all-time quarterly record.

Total earnings for the S&P 500 are on track to reach a new all-time record at $260.2 billion in Q3, surpassing the preceding quarter’s $258.5 billion record. But they are expected to reach a new record of $265.8 billion in 2013 Q4 and an even higher level in the first quarter of 2014.

Investors seem to be fine with the current record level of earnings as providing enough justification for the stock market’s all-time record level. We will have wait to see if this justification would work once the Fed starts getting out of the QE, which some suspect could happen as early as this December. But irrespective of when the Fed starts tapering, the stock market needs stronger earnings growth in the coming quarters than we have seen in the recent past to maintain its recent momentum.   

For a more detailed look at the overall earnings picture, please check out our weekly Earnings Trends report. Click here.

Monday-11/4

• We will get the September Industrial Production numbers, with expectations of +0.5% growth after August’s +0.4% gain.
• Anadarko Petroleum (APC), Kellogg (K), Marathon Oil (MRO) and the CME Group (CME) are the key Q3 earnings reports in the morning, while Anadarko Petroleum (APC) and CF Industries (CF) will report after the close.
• Zacks Earnings ESP or Expected Surprise Prediction, our proprietary leading indicator of earnings surprises, is showing Kellogg beating EPS estimates. Kellogg has Zacks Rank #3 (Hold) and Earnings ESP of +2.3%.
• To understand more about Zacks Earnings ESP, click here.

Tuesday -11/5

• We will get the October non-manufacturing ISM index, with consensus expectations of slight improvement from September’s 54.4 reading.
• CVS Caremark (CVS), Expeditors International (EXPD), and Emerson Electric (EMR) are the notable reports in the morning, while Tesla Motors (TSLA), Michael Kors (KORS), and OpenTable (OPEN) will report after the close.  
• Earnings ESP is showing Michael Kors and Expeditors International coming out with positive earnings surprises.  

Wednesday-11/6

• We don’t have much on the economic calendar, but Devon Energy (DVN), Humana (HUM), Ralph Lauren (RL) and Chesapeake Energy (CHK) will report before the market open. After the market’s close, we have a long list of companies reporting, with notable ones being CBS (CBS), Whole Foods Market (WFM), and Tesoro Corp (TSO).
• Devon and Chesapeake are both expected to beat EPS expectations, as both have positive ESPs and Zacks Rank #3 (Hold).

Thursday -11/7

• We will get the first read on Q3 GDP, with consensus expectations of +2% growth in the quarter after the +2.5% gain in Q2. We will also get weekly Jobless Claims numbers in the morning, though those numbers still carry limited informational value given the shutdown effects.
• Apache (APA) and EOG Resources (EOG) are the only notable reports in the morning, while Disney (DIS), Priceline (PCLN) and Groupon (GRPN) will report after the close.
• With a Zacks Rank #2 (Buy) and Earnings ESP of +2.5%, EOG Resources remains well placed to beat earnings expectations.

Friday-11/8

• A busy day on the economic calendar, with the October non-farm payrolls, September Personal Income & Outlays, the preliminary University of Michigan Consumer Sentiment survey coming out.
• Non-farm payrolls will be distorted by the government shutdown, with consensus expectations of headline gains of 130K after the 148K reading in September.
• Cablevision (CVC) and Tesoro Logistics (TLLP) are the only notable reports this day.

Here is a list of the 637 companies reporting this week, including 72 S&P 500 members:

 

Company	Ticker	Current Qtr	Year-Ago Qtr	Last EPS Surprise %	Report Day	Time
Anadarko Petrol	APC	$1.18	$0.84	16.67	Monday	AMC
Cf Indus Hldgs	CF	$3.84	$5.85	9.37	Monday	AMC
Cme Group Inc	CME	$0.73	$0.70	3.33	Monday	BTO
Dun &Bradst-New	DNB	$1.88	$1.76	2	Monday	AMC
Kellogg Co	K	$0.90	$0.86	3.09	Monday	BTO
Marathon Oil Cp	MRO	$0.78	$0.64	-5.63	Monday	AMC
Pioneer Nat Res	PXD	$1.34	$0.82	-1.79	Monday	AMC
Spectra Energy	SE	$0.35	$0.27	-6.25	Monday	BTO
Sysco Corp	SYY	$0.48	$0.58	7.27	Monday	BTO
Tenet Health	THC	$0.46	$0.28	-4.35	Monday	AMC
Unum Group	UNM	$0.82	$0.80	2.5	Monday	AMC
Vulcan Matls Co	VMC	$0.25	$0.14	-7.14	Monday	BTO
Vornado Rlty Tr	VNO	$1.16	$1.14	0.81	Monday	AMC
Advisory Board	ABCO	$0.23	$0.25	-4.17	Monday	AMC
Adv Energy Inds	AEIS	$0.34	$0.20	70.59	Monday	AMC
Amer Equity Inv	AEL	$0.45	$0.35	-4.44	Monday	AMC
Aercap Hldgs Nv	AER	$0.61	$0.47	13.73	Monday	BTO
Atlas Finl Hldg	AFH	$0.19	$0.14	14.29	Monday	AMC
Argo Group Intl	AGII	$0.68	$0.54	4.23	Monday	AMC
Albany Intl A	AIN	$0.38	$0.39	-23.08	Monday	AMC
Anadigics Corp	ANAD	($0.14)	($0.23)	-6.25	Monday	AMC
Atlas Pipln Ptr	APL	$0.28	$0.25	-58.54	Monday	N/A
Apollo Commercl	ARI	$0.33	$0.37	33.33	Monday	AMC
Black Diamond	BDE	$0.13	$0.09	100	Monday	AMC
Genl Cable Corp	BGC	$0.55	$0.60	23.21	Monday	AMC
Black Hills Cor	BKH	$0.44	$0.42	-2.38	Monday	AMC
Bre Properties	BRE	$0.64	$0.62	5	Monday	AMC
Broadsoft Inc	BSFT	($0.08)	$0.23	-133.33	Monday	AMC
Cardtronics Inc	CATM	$0.44	$0.43	12.82	Monday	AMC
Century Alum Co	CENX	($0.33)	($0.14)	-131.25	Monday	AMC
Chemtura Corp	CHMT	$0.22	$0.35	8.11	Monday	AMC
Chatham Lodging	CLDT	$0.46	$0.46	0	Monday	AMC
Cardica Inc	CRDC	($0.07)	($0.11)	11.11	Monday	AMC
Capital Sr Livg	CSU	$0.05	$0.07	-69.23	Monday	AMC
Cutera Inc	CUTR	($0.02)	($0.06)	-500	Monday	AMC
Ddr Corp	DDR	$0.28	$0.27	0	Monday	AMC
Earthlink Inc	ELNK	($0.11)	$0.02	0	Monday	AMC
Endurance Splty	ENH	$1.02	$0.60	34.57	Monday	AMC
Fabrinet	FN	$0.30	$0.33	29.63	Monday	AMC
Forest Oil Corp	FST	$0.08	$0.10	500	Monday	AMC
Goodrich Petrol	GDP	($0.69)	($0.23)	3.08	Monday	AMC
Gladstone Comml	GOOD	$0.40	$0.38	-5.26	Monday	AMC
Golden Star Res	GSS	($0.06)	$0.00	-100	Monday	BTO
Gt Adv Tech Inc	GTAT	($0.11)	($0.03)	80	Monday	AMC
Granite Constru	GVA	$0.78	$0.94	-78.13	Monday	BTO
Hill Intl Inc	HIL	$0.05	$0.03	-60	Monday	AMC
Halcon Resourcs	HK	$0.06	($0.01)	-33.33	Monday	AMC
Hudson Pac Ppty	HPP	$0.21	$0.21	4.35	Monday	AMC
Hickory Tech	HTCO	$0.15	$0.13	13.33	Monday	AMC
Impax Laboratrs	IPXL	($0.06)	$0.48	475	Monday	AMC
Jamba Inc	JMBA	$0.18	$0.21	-2.7	Monday	AMC
Leapfrog Entrps	LF	$0.32	$0.51	50	Monday	AMC
Legacy Reserves	LGCY	$0.34	$0.36	3.33	Monday	AMC
Luminex Corp	LMNX	$0.12	$0.04	10	Monday	AMC
Mindray Medical	MR	$0.45	$0.39	0	Monday	AMC
Targa Resources	NGLS	$0.32	$0.25	-62.5	Monday	AMC
Natl Health Inv	NHI	$0.90	$0.80	-1.14	Monday	AMC
Owens & Minor	OMI	$0.49	$0.49	0	Monday	AMC
Plains All Amer	PAA	$0.44	$0.71	-3.77	Monday	AMC
Procera Netwrks	PKT	($0.20)	$0.14	66.67	Monday	AMC
Parkway Ppty	PKY	$0.26	$0.36	0	Monday	AMC
Douglas Dynamic	PLOW	$0.22	$0.10	-10.34	Monday	AMC
Paa Natural Gas	PNG	$0.17	$0.23	15.79	Monday	AMC
Polypore Intl	PPO	$0.27	$0.27	-15.15	Monday	AMC
Pros Holdings	PRO	$0.01	$0.05	100	Monday	AMC
Us Auto Parts	PRTS	($0.12)	($0.08)	-22.22	Monday	AMC
Qualys Inc	QLYS	$0.02	$0.06	100	Monday	AMC
Rock-Tenn Co	RKT	$2.48	$1.39	30.12	Monday	AMC
Realogy Holding	RLGY	$0.87	($4.08)	14.86	Monday	BTO
Red Lion Hotels	RLH	($0.16)	$0.08	-21.43	Monday	AMC
Rignet Inc	RNET	$0.28	$0.19	7.69	Monday	AMC
Rudolph Tech	RTEC	$0.01	$0.22	100	Monday	AMC
Incontact Inc	SAAS	($0.05)	($0.02)	25	Monday	AMC
Safe Bulkers	SB	$0.13	$0.30	5.56	Monday	AMC
Sba Comm Corp	SBAC	($0.10)	($0.20)	-211.11	Monday	AMC
Spectra Egy Ptr	SEP	$0.39	$0.48	-5.26	Monday	BTO
Skilled Hlthcr	SKH	$0.10	$0.21	-43.75	Monday	AMC
Synchronoss Tec	SNCR	$0.24	$0.19	-4.76	Monday	AMC
Sun Hydraulics	SNHY	$0.34	$0.34	7.14	Monday	AMC
Stag Industrial	STAG	$0.34	$0.29	3.13	Monday	AMC
Sykes Entrp Inc	SYKE	$0.28	$0.31	10	Monday	AMC
Thl Credit Inc	TCRD	$0.32	$0.41	28.95	Monday	AMC
Tidewater Inc	TDW	$0.86	$0.83	-10.53	Monday	AMC
Tesco Corp	TESO	$0.23	$0.23	36.84	Monday	BTO
Targa Resources	TRGP	$0.44	$0.21	28.57	Monday	AMC
Uil Holdings Cp	UIL	$0.29	$0.31	25	Monday	AMC
Volcano Corp	VOLC	($0.02)	$0.04	400	Monday	AMC
Virtusa Corp	VRTU	$0.30	$0.23	3.57	Monday	AMC
Wright Medical	WMGI	($0.18)	($0.02)	0	Monday	AMC
Whitestone Reit	WSR	$0.28	$0.22	0	Monday	AMC
Xpo Logistics	XPO	($0.44)	($0.38)	-66.67	Monday	AMC
Becton Dickinso	BDX	$1.47	$1.42	7.48	Tuesday	BTO
Ch Robinson Wwd	CHRW	$0.73	$0.72	-4.11	Tuesday	AMC
Cognizant Tech	CTSH	$1.01	$0.91	3.09	Tuesday	BTO
Cvs Caremark Cp	CVS	$1.02	$0.85	1.04	Tuesday	BTO
Dominion Res Va	D	$0.91	$0.92	-4.62	Tuesday	BTO
Delphi Auto Plc	DLPH	$0.94	$0.85	8.77	Tuesday	BTO
Denbury Res Inc	DNR	$0.42	$0.33	20.59	Tuesday	BTO
Directv	DTV	$1.01	$0.90	-8.53	Tuesday	BTO
Davita Healthcr	DVA	$0.96	$0.75	-1.08	Tuesday	AMC
Emerson Elec Co	EMR	$1.11	$1.11	-2.02	Tuesday	BTO
Expeditors Intl	EXPD	$0.49	$0.42	4.65	Tuesday	BTO
Firstenergy Cp	FE	$0.92	$1.10	13.46	Tuesday	BTO
Fossil Grp Inc	FOSL	$1.38	$1.28	17.02	Tuesday	BTO
Twenty-Fst Cf-A	FOXA	$0.35	$0.43	-8.82	Tuesday	AMC
Frontier Commun	FTR	$0.06	$0.07	0	Tuesday	AMC
Health Cr Reit	HCN	$0.96	$0.91	1.09	Tuesday	BTO
Host Hotel&Rsrt	HST	$0.26	$0.21	7.14	Tuesday	BTO
Intercontinentl	ICE	$1.82	$1.79	0.92	Tuesday	BTO
Intl F & F	IFF	$1.18	$1.08	-3.39	Tuesday	BTO
Mosaic Co/The	MOS	$0.57	$0.98	-0.88	Tuesday	BTO
Newfield Expl	NFX	$0.49	$0.48	0	Tuesday	BTO
Oneok Inc	OKE	$0.29	$0.31	25.93	Tuesday	AMC
Qep Resources	QEP	$0.40	$0.19	-2.86	Tuesday	AMC
Rowan Cos Plc	RDC	$0.43	$0.39	3.64	Tuesday	BTO
Regeneron Pharm	REGN	$0.99	$1.77	58.14	Tuesday	BTO
Sempra Energy	SRE	$1.24	$1.33	-23.53	Tuesday	BTO
Zoetis Inc	ZTS	$0.35	$0.33	0	Tuesday	BTO
Amer Assets Tr	AAT	$0.38	$0.36	2.78	Tuesday	AMC
Amer Cap Ltd	ACAS	$0.23	$0.22	-36	Tuesday	AMC
Acelrx Pharmact	ACRX	($0.18)	($0.38)	12	Tuesday	AMC
Amtrust Fin Svc	AFSI	$0.74	$0.66	13.16	Tuesday	BTO
Agrium Inc	AGU	$0.59	$1.11	2.83	Tuesday	AMC
Akorn Inc	AKRX	$0.13	$0.14	18.18	Tuesday	BTO
Alexanders Inc	ALX	$4.29	$5.38	-2.56	Tuesday	BTO
Amreit Inc	AMRE	$0.22	$0.23	8.7	Tuesday	AMC
Aol Inc	AOL	$0.36	$0.20	18.18	Tuesday	BTO
Amer Pub Educat	APEI	$0.55	$0.60	3.45	Tuesday	AMC
Ares Cap Cp	ARCC	$0.39	$0.42	-2.56	Tuesday	BTO
Ashland Inc	ASH	$1.56	$1.87	-8.29	Tuesday	BTO
Bravo Brio Rstr	BBRG	$0.14	$0.14	-18.52	Tuesday	AMC
Blucora Inc	BCOR	$0.07	$0.20	116.67	Tuesday	AMC
Balchem Cp Cl-B	BCPC	$0.40	$0.36	-2.56	Tuesday	BTO
Biocryst Pharma	BCRX	($0.13)	($0.19)	-91.67	Tuesday	BTO
Actuate Corp	BIRT	$0.07	$0.04	0	Tuesday	AMC
Bloomin Brands	BLMN	$0.10	$0.08	8.7	Tuesday	AMC
Biomed Rlty Tr	BMR	$0.33	$0.34	2.5	Tuesday	AMC
Bofi Hldg Inc	BOFI	$0.85	$0.67	2.63	Tuesday	AMC
Brookfield Res	BRP	$0.29	$0.15	-43.24	Tuesday	AMC
Cbl&Assoc Pptys	CBL	$0.54	$0.54	3.77	Tuesday	AMC
Calgon Carbon	CCC	$0.22	$0.06	14.29	Tuesday	BTO
Charter Comm-A	CHTR	$0.21	($0.87)	-47.22	Tuesday	BTO
Carmike Cinema	CKEC	$0.26	$0.13	-2.56	Tuesday	AMC
Corinthian Col	COCO	($0.07)	$0.04	66.67	Tuesday	BTO
Coca Cola Bottl	COKE	$0.18	$1.06	77.78	Tuesday	AMC
Cole Rl Est Inv	COLE	$0.20	$0.14	N/A	Tuesday	BTO
Comstock Resour	CRK	($0.30)	($0.50)	-6.67	Tuesday	BTO
Carriage Svcs-A	CSV	$0.21	$0.16	4.17	Tuesday	AMC
Ctrip.Com Intl	CTRP	$0.27	$0.22	41.18	Tuesday	AMC
Comml Vehicle	CVGI	$0.07	$0.45	-128.57	Tuesday	BTO
Cpi Aerostructr	CVU	$0.20	$0.33	-8.7	Tuesday	BTO
Calif Water Svc	CWT	$0.52	$0.71	0	Tuesday	AMC
Douglas Emmett	DEI	$0.37	$0.33	2.78	Tuesday	AMC
Delek Logistics	DKL	$0.50	N/A	2.17	Tuesday	AMC
Amdocs Ltd	DOX	$0.59	$0.66	13.24	Tuesday	AMC
Dcp Midstream	DPM	$0.30	$0.22	-5.26	Tuesday	AMC
Dynex Cap Inc	DX	$0.28	$0.34	3.03	Tuesday	BTO
Dex Media Inc	DXM	($2.10)	($1.25)	-66.67	Tuesday	BTO
Endocyte Inc	ECYT	($0.19)	($0.03)	-25	Tuesday	AMC
Enphase Energy	ENPH	($0.11)	($0.22)	6.25	Tuesday	AMC
Energizer Hldgs	ENR	$1.32	$1.76	17.16	Tuesday	BTO
Epr Properties	EPR	$0.99	$0.94	2.08	Tuesday	AMC
Emeritus Corp	ESC	($0.44)	($0.30)	-40.43	Tuesday	AMC
Essex Rental	ESSX	($0.06)	($0.08)	-33.33	Tuesday	AMC
Energy Tran Eqt	ETE	$0.64	$0.66	-32.69	Tuesday	AMC
Entercom Commun	ETM	$0.17	$0.24	-8	Tuesday	AMC
Energy Tran Ptr	ETP	$0.60	$0.26	-6.12	Tuesday	AMC
Fresenius Med	FMS	$0.45	$0.44	-6.52	Tuesday	N/A
Financial Engin	FNGN	$0.14	$0.10	-7.69	Tuesday	AMC
Fiesta Restrnt	FRGI	$0.19	$0.16	5	Tuesday	AMC
Furiex Pharmact	FURX	($1.33)	($0.33)	-43.21	Tuesday	AMC
Global Cash Acs	GCA	$0.21	$0.20	-5	Tuesday	AMC
Gevo Inc	GEVO	($0.35)	($0.70)	0	Tuesday	AMC
Given Imaging	GIVN	$0.19	$0.20	29.41	Tuesday	AMC
Great Lakes Drg	GLDD	$0.06	($0.04)	466.67	Tuesday	BTO
Gsi Group Inc	GSIG	$0.12	$0.13	366.67	Tuesday	AMC
Compressco Ptnr	GSJK	$0.24	$0.32	-34.78	Tuesday	BTO
Getty Realty Cp	GTY	$0.55	$0.21	36	Tuesday	AMC
Guidance Softwr	GUID	($0.19)	$0.10	0	Tuesday	AMC
Hain Celestial	HAIN	$0.51	$0.40	4.84	Tuesday	AMC
Hci Group Inc	HCI	$0.67	$0.27	14.75	Tuesday	AMC
Hackett Group	HCKT	$0.09	$0.07	28.57	Tuesday	AMC
Hecla Mining	HL	($0.02)	$0.01	-66.67	Tuesday	BTO
Hospitality Prp	HPT	$0.76	$0.74	1.3	Tuesday	BTO
Horizon Technol	HRZN	$0.35	$0.33	8.57	Tuesday	AMC
Henry Schein In	HSIC	$1.21	$1.08	0.82	Tuesday	BTO
Healthcare Trst	HTA	$0.17	$0.16	0	Tuesday	BTO
Iamgold Corp	IAG	$0.05	$0.16	-11.11	Tuesday	AMC
Icf Intl Inc	ICFI	$0.52	$0.48	1.96	Tuesday	AMC
Idacorp Inc	IDA	$1.60	$1.84	33.82	Tuesday	BTO
Immunomedics	IMMU	($0.10)	($0.10)	10	Tuesday	BTO
Imperva Inc	IMPV	($0.19)	($0.08)	-41.18	Tuesday	AMC
Interact Intell	ININ	($0.10)	$0.01	214.29	Tuesday	AMC
Insmed Inc	INSM	($0.39)	($0.38)	15.15	Tuesday	BTO
Innospec Inc	IOSP	$0.81	$0.65	5.88	Tuesday	AMC
Jazz Pharmaceut	JAZZ	$1.52	$1.19	-8.03	Tuesday	AMC
J2 Global Inc	JCOM	$0.56	$0.61	9.72	Tuesday	AMC
Jack Henry Assc	JKHY	$0.57	$0.49	7.84	Tuesday	AMC
Kimball Intl B	KBALB	$0.13	$0.13	72.73	Tuesday	BTO
Michael Kors	KORS	$0.68	$0.49	24.49	Tuesday	BTO
Kosmos Energy	KOS	($0.05)	($0.10)	40	Tuesday	BTO
Kennedy-Wilson	KW	($0.14)	($0.11)	78.57	Tuesday	AMC
Quicksilver Res	KWK	($0.05)	($0.04)	-100	Tuesday	BTO
Multi-Color	LABL	$0.54	$0.49	-12.73	Tuesday	BTO
Lincoln Educatl	LINC	($0.15)	$0.00	-15.63	Tuesday	BTO
Liberty M Int-A	LINTA	$0.18	$0.20	-22.22	Tuesday	AMC
Limelight Netwk	LLNW	($0.10)	($0.10)	-25	Tuesday	AMC
Liberty Media-A	LMCA	$0.68	$1.80	92.68	Tuesday	AMC
Liposcience Inc	LPDX	($0.21)	($0.28)	0	Tuesday	AMC
Louisiana Pac	LPX	$0.16	$0.20	32.26	Tuesday	BTO
Lake Shore Gold	LSG	($0.02)	($0.02)	100	Tuesday	AMC
Liberty Ventr-A	LVNTA	$1.25	($1.60)	76	Tuesday	AMC
Lexington Ppty	LXP	$0.26	$0.25	4.17	Tuesday	BTO
Live Nation Ent	LYV	$0.38	$0.32	36.36	Tuesday	AMC
Medifast Inc	MED	$0.42	$0.42	2	Tuesday	AMC
Meadowbrook Ins	MIG	$0.13	($0.55)	-307.69	Tuesday	AMC
Ag Mortgage Inv	MITT	$0.55	$1.03	1.22	Tuesday	BTO
Responsys Inc	MKTG	($0.02)	$0.05	0	Tuesday	AMC
Momenta Pharma	MNTA	($0.49)	($0.51)	-21.28	Tuesday	BTO
Melco Crown Ent	MPEL	$0.31	$0.20	29.63	Tuesday	BTO
Mindspeed Tech	MSPD	($0.09)	($0.17)	27.27	Tuesday	AMC
Myriad Genetics	MYGN	$0.46	$0.36	20.45	Tuesday	AMC
North Amer Egy	NOA	($0.04)	$0.10	-166.67	Tuesday	AMC
Natural Rsrc Lp	NRP	$0.37	$0.48	-9.76	Tuesday	AMC
Nexstar Brdcstg	NXST	$0.23	$0.31	-31.03	Tuesday	BTO
Office Depot	ODP	$0.06	$0.06	0	Tuesday	BTO
Oneok Partners	OKS	$0.64	$0.78	14.81	Tuesday	AMC
Officemax Inc	OMX	$0.22	$0.27	-33.33	Tuesday	BTO
Opentable Inc	OPEN	$0.29	$0.29	14.29	Tuesday	AMC
Ormat Tech Inc	ORA	$0.32	$0.23	21.05	Tuesday	AMC
Orbitz Worldwid	OWW	$0.14	$0.15	11.11	Tuesday	BTO
Och-Ziff Captl	OZM	$0.20	$0.14	14.29	Tuesday	BTO
Pike Electric	PIKE	$0.13	$0.26	-30.77	Tuesday	AMC
Pharmerica Corp	PMC	$0.29	$0.33	32.26	Tuesday	BTO
Petroquest Engy	PQ	$0.08	($0.05)	-25	Tuesday	BTO
Pulse Electronc	PULS	($1.00)	($1.20)	-20	Tuesday	AMC
Qep Midstrm Ptr	QEPM	$0.23	N/A	N/A	Tuesday	AMC
Quinstreet Inc	QNST	$0.07	$0.08	-41.67	Tuesday	AMC
Ritchie Bros	RBA	$0.11	$0.09	0	Tuesday	BTO
Renewable Energ	REGI	$0.62	($0.24)	-6.06	Tuesday	AMC
Resolute Energy	REN	$0.06	$0.02	33.33	Tuesday	BTO
Rex Energy Corp	REXX	$0.16	$0.08	0	Tuesday	AMC
Sturm Ruger&Co	RGR	$1.21	$0.88	38.14	Tuesday	AMC
Regis Corp/Mn	RGS	($0.04)	$0.08	-40	Tuesday	BTO
Reachlocal Inc	RLOC	($0.01)	$0.05	100	Tuesday	AMC
Renaissancere	RNR	$2.32	$2.07	-9.96	Tuesday	AMC
Red Robin Gourm	RRGB	$0.27	$0.24	16.67	Tuesday	BTO
Resource Capitl	RSO	$0.16	$0.20	-5.88	Tuesday	AMC
Salem Comm	SALM	$0.13	$0.14	176.92	Tuesday	AMC
Sucampo Pharmac	SCMP	($0.03)	($0.14)	27.27	Tuesday	AMC
Sandridge Enrgy	SD	$0.02	$0.05	366.67	Tuesday	AMC
Saga Comms-Cl A	SGA	$0.76	$0.77	5	Tuesday	N/A
Seattle Genetic	SGEN	($0.22)	($0.12)	66.67	Tuesday	AMC
Sagent Pharma	SGNT	($0.03)	($0.10)	3500	Tuesday	BTO
Stone Energy Cp	SGY	$0.78	$0.50	14.71	Tuesday	BTO
Sotherly Hotels	SOHO	$0.34	$0.15	8.82	Tuesday	BTO
Sciquest Inc	SQI	$0.04	$0.00	0	Tuesday	AMC
Servicesource	SREV	($0.05)	($0.05)	0	Tuesday	AMC
Silver Std Res	SSRI	($0.13)	($0.03)	-223.08	Tuesday	AMC
Sovran Slf Stor	SSS	$0.97	$0.85	4.44	Tuesday	AMC
Sunopta Inc	STKL	$0.11	$0.09	0	Tuesday	AMC
Sunoco Logistic	SXL	$0.88	$1.09	22.73	Tuesday	AMC
Synacor Inc	SYNC	($0.05)	$0.02	0	Tuesday	AMC
Synergy Res Cp	SYRG	$0.05	$0.04	-14.29	Tuesday	BTO
Solazyme Inc	SZYM	($0.36)	($0.37)	5	Tuesday	AMC
Carrols Restrnt	TAST	($0.08)	($0.09)	-125	Tuesday	BTO
Textainer Group	TGH	$0.88	$0.97	-15.79	Tuesday	BTO
Team Health Hld	TMH	$0.47	$0.44	-23.91	Tuesday	AMC
T-Mobile Us Inc	TMUS	$0.05	$0.76	-57.14	Tuesday	BTO
Tangoe Inc	TNGO	$0.10	$0.06	-44.44	Tuesday	AMC
Dealertrack Hld	TRAK	$0.29	$0.20	23.08	Tuesday	AMC
Tornier Nv	TRNX	($0.13)	($0.13)	6.67	Tuesday	AMC
Transcda Corp	TRP	$0.55	$0.51	-5.66	Tuesday	BTO
Tesla Motors	TSLA	$0.00	($1.04)	27.78	Tuesday	AMC
Two Harbors Inv	TWO	$0.24	$0.31	-32.26	Tuesday	AMC
Ternium Sa-Adr	TX	$0.56	$0.62	-20	Tuesday	AMC
United Fire Grp	UFCS	$0.54	$0.31	100	Tuesday	BTO
Unit Corp	UNT	$0.98	$0.97	10.99	Tuesday	BTO
Urs Corp	URS	$1.20	$1.28	-6.19	Tuesday	AMC
Valueclick Inc	VCLK	$0.36	$0.27	-51.43	Tuesday	AMC
Verisk Analytic	VRSK	$0.60	$0.54	3.77	Tuesday	AMC
Vitamin Shoppe	VSI	$0.51	$0.54	0	Tuesday	BTO
Wageworks Inc	WAGE	$0.15	$0.11	21.43	Tuesday	AMC
Weatherford Int	WFT	$0.21	$0.09	0	Tuesday	N/A
Wp Carey Inc	WPC	$0.75	$0.82	8.45	Tuesday	BTO
Web.Com Group	WWWW	$0.46	$0.38	0	Tuesday	AMC
Zillow Inc	Z	($0.18)	$0.07	23.08	Tuesday	AMC
Zagg Inc	ZAGG	$0.09	$0.23	183.33	Tuesday	AMC
Horsehead Hldg	ZINC	$0.02	($0.20)	-100	Tuesday	BTO
Cbs Corp	CBS	$0.76	$0.65	5.56	Wednesday	AMC
Chesapeake Engy	CHK	$0.42	$0.10	30.77	Wednesday	BTO
Centerpoint Egy	CNP	$0.36	$0.40	11.11	Wednesday	BTO
Centurylink Inc	CTL	$0.63	$0.66	2.99	Wednesday	AMC
Duke Energy Cp	DUK	$1.51	$1.47	-6.45	Wednesday	BTO
Devon Energy	DVN	$1.19	$0.88	28.72	Wednesday	BTO
Hospira Inc	HSP	$0.45	$0.47	7.84	Wednesday	BTO
Humana Inc New	HUM	$2.16	$2.41	6.91	Wednesday	BTO
Mondelez Intl	MDLZ	$0.41	$0.39	5.71	Wednesday	AMC
Marsh &Mclennan	MMC	$0.46	$0.39	2.94	Wednesday	BTO
Pepco Hldgs	POM	$0.44	$0.47	-8.33	Wednesday	BTO
Prudential Finl	PRU	$2.10	$1.53	16.16	Wednesday	AMC
Qualcomm Inc	QCOM	$0.96	$0.76	1.1	Wednesday	AMC
Ralph Lauren Cp	RL	$2.20	$2.29	0	Wednesday	BTO
Molson Coors-B	TAP	$1.36	$1.37	8.63	Wednesday	BTO
Integrys Energy	TEG	$0.46	$0.55	40.63	Wednesday	AMC
Tesoro Corp	TSO	$0.50	$2.05	9.09	Wednesday	AMC
Time Warner Inc	TWX	$0.89	$0.86	10.67	Wednesday	BTO
Whole Foods Mkt	WFM	$0.31	$0.30	2.7	Wednesday	AMC
Abiomed Inc	ABMD	$0.03	$0.13	16.67	Wednesday	BTO
Alon Usa Ptnrs	ALDW	$0.12	N/A	-23.96	Wednesday	AMC
Alaska Comm Sys	ALSK	$0.00	$0.17	1042.86	Wednesday	AMC
Alexza Pharmact	ALXA	($0.41)	($0.52)	58	Wednesday	AMC
Albany Mol Rsch	AMRI	$0.11	$0.00	20	Wednesday	BTO
Apollo Res Mtge	AMTG	$0.64	$3.51	14.06	Wednesday	AMC
Andersons Inc	ANDE	$0.61	$0.90	3.29	Wednesday	AMC
Arc Doc Solut	ARC	$0.02	($0.04)	33.33	Wednesday	AMC
Ariad Pharma	ARIA	($0.44)	($0.32)	7.5	Wednesday	BTO
Atmos Energy Cp	ATO	$0.11	$0.14	13.51	Wednesday	AMC
Activision Blzd	ATVI	$0.01	$0.12	0	Wednesday	AMC
Avista Corp	AVA	$0.16	$0.10	10.26	Wednesday	BTO
Homeaway Inc	AWAY	$0.10	$0.05	0	Wednesday	AMC
Amer Water Work	AWK	$0.85	$0.86	-5	Wednesday	AMC
Abraxas Pete/Nv	AXAS	$0.04	($0.01)	0	Wednesday	BTO
Bright Horzn Fs	BFAM	$0.27	($3.05)	6.25	Wednesday	AMC
Bioscrip Inc	BIOS	$0.01	$0.04	-166.67	Wednesday	AMC
Brookfield Infr	BIP	$0.76	$0.35	8.64	Wednesday	BTO
Cbeyond Inc	CBEY	($0.08)	$0.06	100	Wednesday	BTO
Cross Country	CCRN	($0.01)	($0.02)	-100	Wednesday	AMC
Career Edu Corp	CECO	($0.50)	($0.47)	8.16	Wednesday	AMC
Carlyle Group	CG	$0.64	$0.40	-31.58	Wednesday	BTO
Chesapeake Lodg	CHSP	$0.59	$0.51	3.7	Wednesday	AMC
Citizens Inc A	CIA	$0.02	$0.04	0	Wednesday	N/A
Clean Harbors	CLH	$0.66	$0.54	-25	Wednesday	BTO
Calumet Speclty	CLMT	$0.18	$0.94	-85.53	Wednesday	BTO
Contl Resources	CLR	$1.47	$0.87	5.56	Wednesday	AMC
Compass Diversf	CODI	$0.37	$0.36	-20	Wednesday	AMC
Callon Pete-Del	CPE	($0.02)	$0.00	66.67	Wednesday	AMC
Chambers St Ppt	CSG	$0.17	$0.08	N/A	Wednesday	AMC
Caesar Stone Sd	CSTE	$0.48	$0.36	37.84	Wednesday	BTO
Cytosorbents Cp	CTSO	($0.01)	($0.01)	N/A	Wednesday	AMC
Concho Resourcs	CXO	$1.04	$0.96	-2.97	Wednesday	AMC
Delcath Sys Inc	DCTH	($0.08)	($0.18)	-10	Wednesday	AMC
Digital Genertn	DGIT	$0.05	($0.39)	120	Wednesday	AMC
Delek Us Hldgs	DK	$0.10	$1.67	-11.25	Wednesday	AMC
Physicians Rlty	DOC	$0.03	N/A	N/A	Wednesday	BTO
Dts Inc	DTSI	($0.07)	($0.70)	85.71	Wednesday	AMC
Cal Dive Intl	DVR	$0.04	($0.01)	-20	Wednesday	AMC
Dexcom Inc	DXCM	($0.13)	($0.25)	12.5	Wednesday	AMC
El Paso Elec Co	EE	$1.29	$1.29	1.41	Wednesday	BTO
Enbridge Inc	ENB	$0.36	$0.34	-5.13	Wednesday	BTO
Endeavor Intl	END	($0.26)	($0.29)	-36.84	Wednesday	BTO
Envestnet Inc	ENV	$0.09	$0.07	0	Wednesday	AMC
Energy Recovery	ERII	($0.01)	($0.04)	50	Wednesday	AMC
Entravision Com	EVC	$0.10	$0.08	50	Wednesday	AMC
Endeavour Silvr	EXK	$0.00	$0.02	-200	Wednesday	N/A
Excel Trust Inc	EXL	$0.21	$0.21	10	Wednesday	AMC
Ezchip Semi Ltd	EZCH	$0.18	$0.00	5.88	Wednesday	BTO
Fleetmatics Grp	FLTX	$0.19	$0.17	18.75	Wednesday	AMC
Forestar Group	FOR	$0.19	$0.12	-75	Wednesday	BTO
Fed Signal Cp	FSS	$0.16	$0.10	64.29	Wednesday	BTO
Genpact Ltd	G	$0.22	$0.16	33.33	Wednesday	AMC
Giant Interactv	GA	$0.23	$0.20	9.09	Wednesday	AMC
Glowpoint Inc	GLOW	$0.01	$0.00	-100	Wednesday	AMC
Genl Comms Inc	GNCMA	$0.10	$0.09	25	Wednesday	AMC
Genie Energy-B	GNE	$0.04	($0.13)	-33.33	Wednesday	BTO
Triple-S Mgmt-B	GTS	$0.39	$0.41	17.78	Wednesday	BTO
Hollyfrontier	HFC	$0.65	$2.94	0	Wednesday	BTO
Hsn Inc	HSNI	$0.64	$0.61	9.72	Wednesday	BTO
Hersha Hosptly	HT	$0.13	$0.11	-6.67	Wednesday	AMC
Huron Conslt Gp	HURN	$0.69	$0.93	22.95	Wednesday	AMC
Ing Groep-Adr	ING	N/A	$0.17	N/A	Wednesday	N/A
Innerworkings	INWK	$0.15	$0.09	-20	Wednesday	AMC
Interxion Hldg	INXN	($0.05)	$0.15	-13.33	Wednesday	BTO
Image Sense Sys	ISNS	($0.08)	$0.17	-266.67	Wednesday	AMC
51Jobs Inc-Adr	JOBS	$0.68	$0.61	-7.14	Wednesday	AMC
Jones Energy-A	JONE	$0.35	N/A	N/A	Wednesday	AMC
Kelly Svcs A	KELYA	$0.34	$0.43	26.92	Wednesday	BTO
Kelly Svcs B	KELYB	N/A	$0.43	N/A	Wednesday	BTO
Lamar Adver Co	LAMR	$0.18	$0.13	4.76	Wednesday	BTO
Lhc Group Llc	LHCG	$0.31	$0.38	17.24	Wednesday	AMC
Lin Media Llc	LIN	$0.17	$0.41	-30	Wednesday	BTO
Liveperson Inc	LPSN	($0.02)	$0.03	0	Wednesday	AMC
Matson Inc	MATX	$0.48	($0.07)	6.82	Wednesday	AMC
Mela Sciences	MELA	($0.17)	($0.17)	0	Wednesday	AMC
Maiden Holdings	MHLD	$0.29	$0.28	11.54	Wednesday	AMC
Markel Corp	MKL	$6.55	$4.99	7.46	Wednesday	AMC
Marin Software	MRIN	($0.31)	($0.31)	14.29	Wednesday	AMC
Matador Resourc	MTDR	$0.30	$0.11	166.67	Wednesday	AMC
Noodles & Co	NDLS	$0.11	N/A	18.18	Wednesday	AMC
Newstar Fin Inc	NEWS	$0.13	$0.11	-8.33	Wednesday	BTO
Newtek Bus Svcs	NEWT	$0.05	$0.04	25	Wednesday	AMC
Numerex Cp-Cl A	NMRX	$0.02	$0.06	0	Wednesday	AMC
Nn Inc	NNBR	$0.28	$0.18	21.74	Wednesday	BTO
Novatel Wireles	NVTL	($0.15)	($0.32)	-37.5	Wednesday	AMC
Oasis Petroleum	OAS	$0.74	$0.38	8.33	Wednesday	AMC
Orion Energy Sy	OESX	$0.01	($0.09)	200	Wednesday	AMC
Oge Energy Corp	OGE	$0.92	$0.94	-2.13	Wednesday	BTO
Oiltanking Ptnr	OILT	$0.64	$0.38	29.79	Wednesday	AMC
Omega Protein	OME	$0.35	$0.21	26.67	Wednesday	AMC
Orasure Tech	OSUR	($0.10)	($0.04)	73.33	Wednesday	AMC
Pacific Drillng	PACD	$0.08	($0.01)	100	Wednesday	AMC
Points Intl Ltd	PCOM	$0.10	$0.05	0	Wednesday	AMC
Photomedex Inc	PHMD	$0.35	$0.35	-10.53	Wednesday	BTO
Parker Drilling	PKD	$0.09	$0.10	100	Wednesday	BTO
Ptc Inc	PMTC	$0.46	$0.40	5.71	Wednesday	AMC
Pinnacle Entrtn	PNK	$0.32	$0.10	-12.5	Wednesday	BTO
Powersecure Int	POWR	$0.16	$0.08	20	Wednesday	BTO
Pozen Inc	POZN	$0.11	($0.19)	38.1	Wednesday	BTO
Primero Mining	PPP	$0.02	$0.12	33.33	Wednesday	BTO
Proassurance Cp	PRA	$0.82	$0.86	-20	Wednesday	AMC
Primerica Inc	PRI	$0.76	$0.72	-1.39	Wednesday	AMC
Providence Svc	PRSC	$0.24	$0.28	26.47	Wednesday	AMC
Cafepress Inc	PRSS	($0.15)	($0.07)	16.67	Wednesday	AMC
Qr Energy Lp	QRE	$0.32	$0.29	10.71	Wednesday	BTO
Transocean Ltd	RIG	$1.07	$1.37	0	Wednesday	AMC
Rockwood Hldgs	ROC	$0.48	$0.95	-3.95	Wednesday	BTO
Real Goods Solr	RSOL	($0.05)	($0.09)	-80	Wednesday	AMC
Sinclair Broadc	SBGI	$0.23	$0.33	100	Wednesday	BTO
Skywest Inc	SKYW	$0.45	$0.40	14.71	Wednesday	BTO
Us Silica Holdi	SLCA	$0.42	$0.36	-2.56	Wednesday	AMC
Speed Commerce	SPDC	$0.01	$0.01	0	Wednesday	BTO
Standard Pkg Cp	STAN	$0.24	$0.29	35.29	Wednesday	AMC
Starz-Lib Cap-A	STRZA	$0.44	$0.34	23.81	Wednesday	BTO
Susser Petrleum	SUSP	$0.47	$0.03	2.33	Wednesday	BTO
Susser Hldgs Cp	SUSS	$0.75	$0.49	-29.76	Wednesday	BTO
Sws Group Inc	SWS	($0.06)	($0.01)	6.67	Wednesday	BTO
Tecumseh Pdts-A	TECUA	$0.45	($0.20)	-11.11	Wednesday	BTO
Tellabs Inc	TLAB	$0.01	$0.00	50	Wednesday	N/A
Talisman Energy	TLM	$0.03	($0.09)	-175	Wednesday	BTO
Tempur Sealy	TPX	$0.69	$0.70	-10	Wednesday	AMC
Tronox Ltd	TROX	($0.14)	$0.21	-62.5	Wednesday	AMC
Tenaris Sa-Adr	TS	$0.66	$0.74	-2.74	Wednesday	AMC
Tower Semicond	TSEM	$0.48	$0.62	25	Wednesday	BTO
Tessera Tec Inc	TSRA	($0.18)	$0.05	-7.41	Wednesday	BTO
Ultrapar Pa-Adr	UGP	$0.29	$0.26	-11.54	Wednesday	N/A
Vale Sa	VALE	$0.62	$0.32	29.17	Wednesday	AMC
Vonage Holdings	VG	$0.08	$0.09	25	Wednesday	BTO
Vimpelcom Ltd	VIP	N/A	$0.33	N/A	Wednesday	BTO
Vitacost.Com	VITC	($0.11)	($0.15)	-85.71	Wednesday	BTO
Ing Us Inc	VOYA	$0.66	$0.76	14.52	Wednesday	BTO
Vishay Precisn	VPG	$0.13	$0.14	15.38	Wednesday	BTO
Western Gas Ptr	WES	$0.40	$0.33	0	Wednesday	AMC
W&T Offshore	WTI	$0.23	$0.19	-9.09	Wednesday	AMC
Cimarex Energy	XEC	$1.51	$0.97	7.87	Wednesday	BTO
Xerium Tech Inc	XRM	$0.26	$0.08	-92.31	Wednesday	AMC
Yy Inc-Adr	YY	$0.27	$0.11	-44.44	Wednesday	BTO
Aes Corp	AES	$0.35	$0.36	23.08	Thursday	BTO
Apache Corp	APA	$2.17	$2.16	-0.5	Thursday	BTO
Carefusion Corp	CFN	$0.39	$0.43	-1.79	Thursday	AMC
Disney Walt	DIS	$0.76	$0.68	0	Thursday	AMC
Eog Res Inc	EOG	$2.02	$1.73	19.32	Thursday	BTO
Nvidia Corp	NVDA	$0.20	$0.20	23.08	Thursday	AMC
Priceline.Com	PCLN	$15.64	$12.13	0.56	Thursday	AMC
Rockwell Automt	ROK	$1.52	$1.38	10	Thursday	BTO
Scripps Netwrks	SNI	$0.84	$0.78	1.89	Thursday	BTO
Windstream Hldg	WIN	$0.09	$0.12	-22.22	Thursday	BTO
Wpx Energy Inc	WPX	($0.18)	($0.23)	-22.22	Thursday	BTO
Aci Worldwide	ACIW	$0.41	$0.29	-50	Thursday	BTO
Adv Emissions	ADES	($0.11)	($0.34)	-328.57	Thursday	AMC
Addus Homecare	ADUS	$0.23	$0.19	15	Thursday	AMC
Agilysys Inc	AGYS	$0.05	$0.04	40	Thursday	BTO
Air Lease Corp	AL	$0.43	$0.36	7.32	Thursday	AMC
Alon Usa Energy	ALJ	($0.26)	$0.84	-3.57	Thursday	AMC
Amc Networks- A	AMCX	$0.87	$0.51	-13.92	Thursday	BTO
Ansys Inc	ANSS	$0.69	$0.65	7.58	Thursday	BTO
Apollo Global-A	APO	$0.70	$0.98	0	Thursday	BTO
Accuray Inc	ARAY	($0.19)	($0.23)	4.76	Thursday	AMC
Amer Realty Cap	ARCP	$0.19	$0.24	0	Thursday	BTO
Approach Resrcs	AREX	$0.06	$0.01	85.71	Thursday	AMC
Atlas Res Ptnrs	ARP	($0.14)	$0.05	-275	Thursday	AMC
Aeroflex Holdng	ARX	$0.05	$0.03	23.81	Thursday	BTO
Atlantic Pwr Cp	AT	($0.23)	($0.06)	-5	Thursday	AMC
Alphatec Hldgs	ATEC	($0.02)	$0.01	50	Thursday	AMC
Alliant Techsys	ATK	$2.34	$1.86	16.67	Thursday	BTO
Atlas Energy Lp	ATLS	$0.34	$0.30	-122.22	Thursday	AMC
Aurico Gold Inc	AUQ	$0.01	$0.06	0	Thursday	AMC
Avg Technologs	AVG	$0.43	$0.38	45.71	Thursday	AMC
Braskem Sa	BAK	$0.50	($0.17)	-150	Thursday	N/A
Bce Inc	BCE	$0.77	$0.76	-2.67	Thursday	BTO
Bonanza Creek	BCEI	$0.52	$0.33	-46.51	Thursday	AMC
Boulder Brands	BDBD	$0.07	$0.02	50	Thursday	BTO
Bebe Stores Inc	BEBE	($0.15)	($0.03)	0	Thursday	AMC
Bio-Rad Labs -A	BIO	$0.66	$1.18	7.14	Thursday	AMC
Bitauto Holdngs	BITA	$0.25	$0.13	10	Thursday	BTO
Blackrock Kelso	BKCC	$0.24	$0.32	0	Thursday	BTO
Annies Inc	BNNY	$0.29	$0.24	-7.14	Thursday	AMC
Bacterin Intl	BONE	($0.05)	($0.06)	-50	Thursday	AMC
Broadridge Finl	BR	$0.20	$0.18	6.48	Thursday	BTO
Bristow Group	BRS	$1.04	$0.80	1.01	Thursday	AMC
Beazer Homes	BZH	$0.26	($0.70)	37.14	Thursday	BTO
Columbia Labs	CBRX	$0.16	$0.08	50	Thursday	BTO
Coleman Cable	CCIX	$0.41	$0.35	7.69	Thursday	AMC
Cedar Shopn Ctr	CDR	$0.13	$0.11	0	Thursday	AMC
Cgg	CGG	$0.48	$0.29	6.25	Thursday	N/A
Clean Egy Fuels	CLNE	($0.25)	($0.26)	43.48	Thursday	AMC
Colony Finl Inc	CLNY	$0.35	$0.30	-6.06	Thursday	AMC
Cdn Ntrl Rsrcs	CNQ	$0.95	$0.40	5.13	Thursday	BTO
Consol Comm Il	CNSL	$0.20	$0.27	25	Thursday	BTO
Chesapeake Util	CPK	$0.37	$0.33	-7.02	Thursday	BTO
Calpine Corp	CPN	$0.66	$0.46	-200	Thursday	BTO
Cubesmart	CUBE	$0.24	$0.19	9.52	Thursday	AMC
Convergys Corp	CVG	$0.27	$0.26	4.17	Thursday	BTO
Darling Intl	DAR	$0.34	$0.31	-18.52	Thursday	AMC
Delhaize-Le	DEG	$1.34	$2.41	-0.75	Thursday	N/A
Emergent Biosol	EBS	$0.21	$0.18	31.82	Thursday	AMC
Nic Inc	EGOV	$0.11	$0.09	45.45	Thursday	AMC
Echelon Corp	ELON	($0.11)	($0.10)	83.33	Thursday	AMC
Emc Insurance	EMCI	$0.50	$0.65	370	Thursday	BTO
Enernoc Inc	ENOC	$3.54	$2.21	4.88	Thursday	AMC
Enersys Inc	ENS	$0.84	$0.92	3.75	Thursday	BTO
Fti Consulting	FCN	$0.48	$0.60	-4.92	Thursday	BTO
Fly Leasing Ltd	FLY	$0.01	$0.14	171.43	Thursday	BTO
Fuel System Sol	FSYS	$0.04	$0.06	85.71	Thursday	BTO
Cedar Fair	FUN	$2.84	$2.51	2.41	Thursday	BTO
Winthrop Realty	FUR	$0.28	$0.58	-48.15	Thursday	BTO
Foster Whelr Ag	FWLT	$0.42	$0.56	63.64	Thursday	BTO
Fairway Group	FWM	($0.13)	($1.29)	-16.67	Thursday	BTO
Global Partners	GLP	$0.39	$0.24	-63.75	Thursday	BTO
Global Power Eq	GLPW	$0.19	$0.08	44.44	Thursday	AMC
Randgold Rsrcs	GOLD	$0.54	$1.11	6.38	Thursday	BTO
Groupon Inc	GRPN	($0.02)	$0.00	66.67	Thursday	AMC
Gray Televsn	GTN	$0.12	$0.26	12.5	Thursday	BTO
Great Plains En	GXP	$0.92	$0.95	5.13	Thursday	AMC
Hardinge Inc	HDNG	$0.23	$0.34	86.96	Thursday	BTO
Hawaiian Elec	HE	$0.48	$0.49	7.89	Thursday	N/A
Huntington Ingl	HII	$0.80	$0.74	21.74	Thursday	BTO
Health Net Inc	HNT	$0.59	$0.35	0	Thursday	BTO
Harsco Corp	HSC	$0.21	$0.39	-11.76	Thursday	BTO
Hercules Tech	HTGC	$0.29	$0.23	11.54	Thursday	AMC
Hydrogenics Cp	HYGS	($0.26)	($0.40)	-112	Thursday	BTO
Information Svc	III	$0.03	$0.03	100	Thursday	AMC
Intralinks Hldg	IL	$0.01	$0.04	200	Thursday	AMC
Infinity Pharma	INFI	($0.74)	($0.80)	-11.48	Thursday	AMC
Infinity Ppty	IPCC	$0.70	$0.27	-14.49	Thursday	BTO
Inland Re Corp	IRC	$0.22	$0.22	13.64	Thursday	BTO
Gartner Inc -A	IT	$0.39	$0.35	-1.96	Thursday	BTO
Kior Inc-A	KIOR	($0.34)	($0.26)	-2.86	Thursday	BTO
Kulicke & Soffa	KLIC	$0.41	$0.93	78.57	Thursday	BTO
Koppers Holdngs	KOP	$0.80	$0.82	4.48	Thursday	BTO
Kronos Worldwd	KRO	($0.01)	$0.30	-93.33	Thursday	AMC
Kratos Defense	KTOS	$0.01	$0.18	0	Thursday	AMC
Lehigh Gas Ptnr	LGP	$0.30	$0.25	2.86	Thursday	AMC
Snyders-Lance	LNCE	$0.31	$0.28	-14.29	Thursday	BTO
Alliant Engy Cp	LNT	$1.32	$1.34	7.27	Thursday	BTO
Local Corp	LOCM	($0.03)	($0.02)	20	Thursday	AMC
Laredo Petrolm	LPI	$0.14	$0.10	0	Thursday	BTO
Main Street Cap	MAIN	$0.50	$0.49	2	Thursday	AMC
Molycorp Inc	MCP	($0.29)	($0.06)	-37.04	Thursday	AMC
Allscripts Hlth	MDRX	$0.04	$0.19	-85.71	Thursday	AMC
Memorial Produc	MEMP	$0.47	$0.20	-16.67	Thursday	BTO
Manulife Finl	MFC	$0.35	$0.29	-3.12	Thursday	BTO
Microsemi Corp	MSCC	$0.43	$0.47	10.53	Thursday	AMC
Arcelor Mittal	MT	($0.07)	($0.31)	-455.56	Thursday	BTO
Mettler-Toledo	MTD	$2.59	$2.40	0.43	Thursday	AMC
Matrix Service	MTRX	$0.25	$0.18	3.7	Thursday	AMC
Navigators Grp	NAVG	$0.76	$0.69	7.89	Thursday	AMC
Nuverra Env Sol	NES	($0.02)	($0.06)	-50	Thursday	AMC
Natl Fuel Gas	NFG	$0.58	$0.43	6.15	Thursday	AMC
Northrn Oil&Gas	NOG	$0.31	$0.27	-14.81	Thursday	AMC
Northwest Nat G	NWN	($0.31)	($0.29)	-11.11	Thursday	BTO
Nxstage Medical	NXTM	($0.06)	($0.04)	0	Thursday	BTO
Univl Display	OLED	($0.03)	($0.12)	17.86	Thursday	AMC
Higher One Hldg	ONE	$0.11	$0.15	-50	Thursday	BTO
Prestige Brands	PBH	$0.43	$0.42	0	Thursday	BTO
Performant Finl	PFMT	$0.22	$0.15	30	Thursday	AMC
Pengrowth Egy	PGH	$0.04	($0.04)	-900	Thursday	AMC
Insulet Corp	PODD	($0.17)	($0.26)	-11.11	Thursday	AMC
Perficient Inc	PRFT	$0.29	$0.21	-29.17	Thursday	BTO
Pixelworks Inc	PXLW	$0.07	($0.01)	-38.89	Thursday	AMC
Radian Grp Inc	RDN	($0.03)	($0.22)	40	Thursday	BTO
Rentrak Corp	RENT	($0.12)	($1.55)	-50	Thursday	AMC
Repligen	RGEN	$0.07	$0.07	342.86	Thursday	BTO
Royal Gold Inc	RGLD	$0.23	$0.41	-40.74	Thursday	BTO
Rand Logistics	RLOG	$0.31	$0.24	-47.37	Thursday	BTO
Roundys Inc	RNDY	$0.13	$0.20	-9.09	Thursday	AMC
Rentech Nitrogn	RNF	$0.22	$0.75	-17.2	Thursday	AMC
Wireless Ronin	RNIN	($0.30)	($0.25)	16.67	Thursday	AMC
Rosetta Resrcs	ROSE	$0.92	$0.76	-9.28	Thursday	BTO
Raptor Pharmact	RPTP	($0.28)	($0.20)	-3.45	Thursday	AMC
Rofin-Sinar	RSTI	$0.30	$0.35	10.71	Thursday	BTO
Rentech Inc	RTK	($0.01)	$0.02	0	Thursday	AMC
Sun Life Finl	SLF	$0.63	$0.68	-9.6	Thursday	BTO
Salix Pharm-Ltd	SLXP	$0.95	$0.95	-10.59	Thursday	AMC
Scotts Mircl-Gr	SMG	($0.38)	($0.59)	2.07	Thursday	BTO
Summit Midstrm	SMLP	$0.31	N/A	-38.46	Thursday	AMC
Sanchez Energy	SN	$0.36	$0.10	-87.5	Thursday	N/A
Sequenom Inc	SQNM	($0.24)	($0.26)	-22.73	Thursday	AMC
Shutterstock	SSTK	$0.15	$0.31	25	Thursday	AMC
Stratasys Ltd	SSYS	($0.15)	$0.40	820	Thursday	BTO
Stonemor Ptnrs	STON	($0.10)	$0.05	45.45	Thursday	BTO
Starwood Proprt	STWD	$0.53	$0.46	7.89	Thursday	BTO
Sierra Wireless	SWIR	$0.01	$0.23	125	Thursday	AMC
Triangle Cap Cp	TCAP	$0.53	$0.58	3.51	Thursday	BTO
Tcp Capital Cp	TCPC	$0.39	$0.44	19.51	Thursday	BTO
Tim Hortons Inc	THI	$0.75	$0.72	4	Thursday	BTO
Thermon Group	THR	$0.27	$0.26	4.55	Thursday	BTO
Treehouse Foods	THS	$0.77	$0.70	1.56	Thursday	BTO
Tesaro Inc	TSRO	($0.72)	($0.52)	-9.84	Thursday	AMC
Techtarget	TTGT	$0.00	$0.02	-100	Thursday	AMC
Tetra Tech Del	TTI	$0.25	$0.18	-23.81	Thursday	BTO
Towers Watson	TW	$1.36	$1.07	8	Thursday	BTO
Ubiquiti Netwrk	UBNT	$0.39	$0.14	18.52	Thursday	AMC
Univl Electrs	UEIC	$0.56	$0.54	7.32	Thursday	AMC
Net 1 Ueps Tech	UEPS	$0.26	$0.23	62.5	Thursday	AMC
Uni-Pixel Inc	UNXL	($0.18)	($0.24)	-33.33	Thursday	BTO
Us Physical Thr	USPH	$0.38	$0.38	-2.38	Thursday	BTO
Visteon Corp	VC	$1.19	$0.42	34.29	Thursday	BTO
Vanda Pharmact	VNDA	($0.37)	($0.19)	16.67	Thursday	BTO
Vectren Corp	VVC	$0.48	$0.48	6.45	Thursday	AMC
Walker & Dunlop	WD	$0.28	$0.56	-21.43	Thursday	BTO
Wendys Co/The	WEN	$0.06	$0.03	33.33	Thursday	BTO
Boingo Wireless	WIFI	$0.02	$0.07	50	Thursday	AMC
Westlake Chem	WLK	$2.21	$1.47	11.28	Thursday	BTO
Westar Energy	WR	$0.99	$1.10	18.18	Thursday	AMC
Westell Tech-A	WSTL	$0.00	($0.03)	33.33	Thursday	BTO
Whitewave Foods	WWAV	$0.18	$0.16	0	Thursday	BTO
Covidien Plc	COV	$0.90	$1.02	1.11	Friday	BTO
Cablevision Sys	CVC	$0.11	$0.17	80	Friday	BTO
Apollo Inv Cp	AINV	$0.21	$0.22	25	Friday	BTO
Brookfield Asst	BAM	$0.66	$0.49	70	Friday	N/A
Cogent Comm Grp	CCOI	$0.07	$0.00	-25	Friday	BTO
Diamondrock Hos	DRH	$0.19	$0.18	4.76	Friday	BTO
Eldorado Gold	EGO	$0.06	$0.11	-14.29	Friday	BTO
Vaalco Energy	EGY	$0.27	$0.13	-171.43	Friday	BTO
Copel-Adr Pr B	ELP	$0.41	$0.57	17.65	Friday	N/A
Geeknet Inc	GKNT	($0.35)	($0.31)	61.11	Friday	BTO
Hms Hldgs Cp	HMSY	$0.20	$0.18	-5.26	Friday	BTO
Harmony Gold	HMY	$0.26	$0.12	-119.23	Friday	N/A
Leap Wireless	LEAP	($1.14)	$0.32	-16.16	Friday	BTO
Magnum Hunter	MHR	($0.16)	($0.10)	-111.11	Friday	BTO
Mobile Mini Inc	MINI	$0.32	$0.29	-7.41	Friday	BTO
Telefonica S.A.	TEF	$0.33	$0.40	0	Friday	BTO
Tesoro Logistic	TLLP	$0.46	$0.54	-15.56	Friday	AMC
Telef Brasil Sa	VIV	$0.39	$0.41	-20	Friday	BTO
Aqua Amer Inc	WTR	$0.35	$0.29	5.56	Friday	BTO
Crosstex Egy Lp	XTEX	($0.16)	($0.34)	-43.75	Friday	BTO
Crosstex Energy	XTXI	($0.15)	($0.09)	0	Friday	BTO

 
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