Market Currents

• Tuesday, December 1, 2009

• 10:56 AM Chipmakers are up strongly after Altera's (ALTR +4.8%) upgraded guidance late yesterday, and a bullish note from Baird this morning. "Our Asia meetings so far this week point to somewhat above-seasonal trends for Q4," firm says. "Foundry utilization rates have come down but remain well above seasonal. These trends remain constructive for semiconductor stocks into Q1." 1 Comment
• 09:00 AM Premarket gainers: GSIT +14%. GES +9%. MBT +8%. SOMX +8%. CPST +6%. AIG +6%. TGB +6%. SPWRA +5%. CTIC +5%. ALTR +5%. NVAX +4%. SEED +4%. MPEL +4%. ABK +4%. AU +4%. LPL +4%. HL +4%. RTP +4%.
  Losers: OVTI -10%. PLX -9%. SD -6%. AGO -5%. AIB -4%. LYG -4%. Comment!
• 08:49 AM Altera (ALTR) +4.4% premarket after boosting its Q4 sales growth outlook to 15-18% over Q3, from previous guidance of 6-10%. Company cites a strong new product cycle and improving endmarket trends and customer desire for appropriate inventory to support sales levels. Comment!

• Wednesday, October 14, 2009

• 09:00 AM Premarket gainers: CNO +22%. BMTI +12%. UEC +11%. ACAS +10%. PLUG +7%. FAS +6%. RTP +5%. CIEN +5%. BCS +5%. AMR +5%. AMD +5%. CRH +5%. CATY +5%. INTC +4%. ACLS +4%. CY +4%. HGSI +4%. ONNN +4%. TSFG +4%. MT +4%. GNW +4%. JPM +4%. UBS +4%. RBS +4%. ALTR +4%. NVDA +4%. STD +4%. HIG +4%. LYG +4%. GNW +4%. CTIC +4%. STM +4%. PIR +4%.
  Losers: UCBH -11%. 2 Comments

• Tuesday, October 13, 2009

• 16:23 PM Altera (ALTR): Q3 EPS of $0.19 in-line. Revenue of $287M (+2.7%) in-line. Sees Q4 revenue of $303-314M vs. $291M. Shares +1.7% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: ALTR, CSX, INTC, LLTC Comment!

• Tuesday, July 14, 2009

• 16:25 PM Altera (ALTR): FQ2 EPS of $0.16 in-line. Revenue of $280M (-22%) vs. $278M. Sees Q3 sequential sales down 1%-5%. Shares +4.4% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: ALTR, INTC, YUM Comment!

• Tuesday, April 21, 2009

• 16:43 PM Altera (ALTR): Q1 EPS of $0.17 beats by $0.01. Revenue of $265M (-21.3%) vs. $258M. Sees revenue up 2-7% in Q2 vs. Q1. "Q1 business environment was better than we originally anticipated yet overall remains quite challenging." Shares -3.8% AH. (PR) Comment!
• 15:10 PM Notable earnings after Tuesday's close: ALTR, AMD, AMP, BRCM, CBST, CENX, CHRW, COF, CREE, FULT, GILD, HCBK, ILMN, MOLX, NBR, NSC, PPDI, SNDK, STX, TEX, WMS, YHOO Comment!
• 00:10 AM Notable earnings after Tuesday's close: ALTR, AMD, AMP, BRCM, CBST, CENX, CHRW, COF, CREE, FULT, GILD, HCBK, ILMN, MOLX, NBR, NSC, PPDI, SNDK, STX, TEX, WMS, YHOO Comment!

• Tuesday, January 27, 2009

• 16:30 PM Altera (ALTR): Q4 EPS of $0.28 beats by $0.01. Revenue of $315M (-2.7%) vs. $319M. Sees Q1 revenue down 15-25% sequentially (this quarters fell 12% sequentially). (PR) Comment!
• 15:10 PM Notable earnings after Tuesday's close: ALTR, AMLN, CHRW, CNB, DV, ETFC, GILD, JAVA, MOLX, NSC, PMTC, RFMD, STM, STSA, SYK, TSS, YHOO Comment!
• 00:10 AM Notable earnings after Tuesday's close: ALTR, AMLN, CHRW, CNB, DV, ETFC, GILD, JAVA, MOLX, NSC, PMTC, RFMD, STM, STSA, SYK, TSS, YHOO Comment!

• Thursday, January 15, 2009

• 10:43 AM Taiwan Semi (TSM -0.3%) receives rush orders for low-power and entry-level CPUs from Altera (ALTR), Nvidia (NVDA), OmniVision (OVTI) and Qualcomm (QCOM), market watchers say, which could boost TSM's capacity utilization to 50% from 35-40%. Comment!

• Wednesday, December 31, 2008

• 13:47 PM Raymond James' top picks for 2009: ALTR, ABC, AZO, CNX, CPA, CVD, DLR, FLIR, HPQ, HD, NYB, NE, PXP, RGA and RSG. Comment!