Monday Market Glance – Jobs, Commodities, and 5 Small-Cap Stocks Deutsche Bank Says Deserve a Buy

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Major indices are drifting between marginal gains and losses in Monday’s morning session, slowing the pace from Friday’s rally on good but not great jobs figures. The Labor Department showed the economy added 175,000 jobs in May, beating analyst expectations for 158,000 – however, the unemployment rate nudged higher to 7.6%. Without any major corporate news or economic reports on tap, investors have more time to digest the jobs report and ongoing stimulus measures.

Gold is down $4.50, or 0.33%, at $1,378.50, below the psychological comfort mark of $1,400 – silver is up $0.042, or 0.19%, in electronic trade at $21.78. Oil is down $0.53, or 0.55% at $95.50.

In the small cap sector, stocks swayed between slight gains and losses, mimicking large-cap counterparts. Deutsche Bank A.G. added weight to five stocks this morning when the firm issued a list of small caps making its Buy list, as initially reported by 247WallSt.

Ciena Corp. (CIEN) this morning climbed more than 1% to $19.99 as Deutsche highlighted the telecom equipment company’s recent Q2 earnings, which topped analyst estimates in EPS and sales, in addition to favorable guidance. Shares of CIEN surged 17.4% following its earnings release Thursday. Deutsche has a price target of $22 on the stock.

Gambling supplier SHFL entertainment (SHFL) is up nearly 2% at $18.05 mid-morning. Deutsche noted the 16% increase in the company’s electronic gaming machine sales as well as revenue from table games, proprietary games, shufflers and other products, which generated smaller contribution to sales. Deutsche raised its price target on the stock to $22 from $20.

Isle of Capri Casinos (ISLE) also made the Buy list. Deutsche has a price target of $8 on the casino gaming owner and operator. Shares are down 0.4% at $7.76 in mid-morning trade.

Deutsche has a price target of $40 on the stock of Alnylam Pharmaceuticals (ANLY), which also made the Buy list on the account of growth potential stemming from its IP rights to a Nobel Prize winning technology. The firm’s price target widely tops consensus estimate of $31. Shares of ANLY are firm at $4.13.

Next up is Achillion Pharmaceuticals (ACHN), up 0.8% at $8.34, pulling off an early morning dive. Deutsche points out that the company makes up 0.2% of the iShares Russell Microcap (IWC) and slapped shares with a price target of $17 (current trade is $8.34 per share).

Cyber security company Proofpoint (PFPT) is up 1.6% at $22.15. Deutsche pointed to the results of a survey the company conducted in May, which revealed the continuous “serious threat” of e-mail attacks at specific organizations. Deutsche raised its price target on the stock to $26 from $24.

The Russell 2000 (^RUT) is up 0.2% at 989.63 while iShares Russell Microcap (IWC) is up 0.4% at 62.10.

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