HEADLINE STOCKS-U.S. small/midcap stocks to watch on May 20

Thu May 20, 2010 9:16am EDT

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(For large-cap stocks to watch, click on [WATCH/US])

May 20 (Reuters) - Some small and midcap stocks to watch on Thursday:

ALLIANCE FIBER OPTIC PRODUCTS INC (AFOP.O), $1.58, up 15 pct

Shares of Alliance Fiber rose in premarket trading on Thursday after the company raised its second-quarter and full-year revenue outlook.

CHINA TECHFAITH WIRELESS COMMUNICATION TECHNOLOGY (CNTF.O), $2.61, up 15.5 pct

Shares of the company jumped in premarket trade after the company posted first-quarter results. [ID:nWNAB2288]

NETEASE.COMU (NTES.O), $27.60, down 11 pct

The China's No. 3 game operator, which posted a softer-than-expected quarterly profit rise of 8.5 percent, is looking at more weakness in the months ahead due to maturing game titles and fewer holidays in the period. [ID:nSGE64I0O7]

WABASH NATIONAL CORP (WNC.N), $7.97, down 10 pct

The semi-trailer maker said it intends to publicly offer 11 million shares, about 35 percent of its common shares outstanding, and expects to use a portion of the net proceeds to repay debt. [ID:nSGE64I0Q3]

RESOURCE CAPITAL CORP (RSO.N), $5.15, down 9 pct

Shares of the company were down in premarket trade after it priced a public common stock follow-on offering. [ID:nWEN4943]

HOT TOPIC INC HOTT.O, $6.00, down 8 pct

The teen apparel retailer swung to a quarterly loss, hurt by a decline in sales at its namesake division, and forecast a second-quarter loss that would at best meet Street expectation Wednesday. [ID:nSGE64I0OX]

ARUBA NETWORKS INC (ARUN.O), $12.20, up 5.4 pct

At least one brokerage raised its rating on the company's shares after it posted a strong third-quarter profit and forecast fourth-quarter results above estimates Wednesday.[ID:nSGE64I0PZ]

(Reporting by Archana Shankar in Bangalore)

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