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MARKET CURRENTS

  • 9:15 AM SABMiller (SBMRY.PK) CEO Alan Clarke says most of the brewer's markets are growing, although North America remains sluggish. In Q1, revenue for SABMiller grew 10% to $34.5B while profit came in at $3.27B. The company notes MillerCoors sales were weak but higher-margin Tenth & Blake craft beer sold well. Latin America is a concern as growth slowed to 3% from a 9% pace a year ago. Comment! [Global & FX, Consumer]
  • 9:14 AM An upward revision to Q1 GDP did little for stocks in Singapore (EWS) as the Straits Times tumbles 1.77% to its lowest level in in two weeks amid global selling. Across the region: Thai equities (THD) fall 1.5%, amid "caution" before next week's central bank meeting (on down days it's "rate cut caution" on up days its "rate cut speculation"), Malaysian shares (EWM) drop 0.61% in Kuala Lumpur, and Philippine stocks (EPHE) sink 0.96% in Manila, erasing three quarters of a two-day rally. Comment! [Global & FX]
  • 9:13 AM OFG Bancorp (OFG) declares $0.06/share quarterly dividend, in line with previous. Forward yield 1.40%. For shareholders of record June 28. Payable July 15. Ex-div date June 26. (PR) Comment! [Dividends]
  • 9:12 AM Premarket gainers: RUE +24%. PSUN +11%. HPQ +10%. VVTV +7%.
    Losers: STP -12%. CLNT -11%. NMR -9%. JRCC -9%. MTU -8%. SAAS -8%. DRYS -8%. SOL -8%. SMFG -7%. NBG -7%. SNE -6%. TSL -6%. RSOL -6%. WETF -5%. Comment! [On the Move]
  • 9:10 AM ING. U.S. (VOYA): Q1 operating EPS of $0.73 vs. $0.68 a year ago and within the range the company announced prior to its IPO earlier this month. (PR) Comment! [Earnings, Financials]
  • 9:05 AM Unum Group (UNM) declares $0.145/share quarterly dividend, 11.5% increase from prior dividend of $0.13. Forward yield 2.10%.The dividend is expected to be paid in 3Q. (PR) Comment! [Dividends]
  • 9:03 AM Sanmina (SANM) -3.6% premarket after Deutsche Bank downgrades shares to Sell from Hold after rising 23% YTD "without a change in fundamentals or an improvement in profitability or revenue growth." The firm also is more conservative on a back-half recovery in the telecom and networking markets, which comprise ~50% of SANM's sales. Comment! [Tech, On the Move]
  • 9:02 AM US May PMI Manufacturing fell to 51.9 vs consensus of 50.8, 52.0 in Apr. Comment!
  • 9:00 AM Lincoln National Corporation (LNC) declares $0.12/share quarterly dividend, in line with previous. Forward yield 1.38%. For shareholders of record July 10. Payable August 1. Ex-div date June 6. (PR) Comment! [Dividends]
  • 9:00 AM On the hour: S&P -0.96%. 10-yr +0.13%. Euro +0.32% vs. dollar. Crude -1.53% to $92.84. Gold +1.26% to $1384.65. Comment!
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TOP ARTICLES9:17 AM ET THURSDAY MAY 23
DIA -0.53%
SPY -0.85%
QQQ -1.00%
GLD -0.64%
ETF Movers
GLCB WisdomTree Global Corporate Bond ETF 0.57%
TRSY PIMCO Broad U.S. Treasury Index ETF 0.00%

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