Market Currents

• Monday, November 16, 2009

• 11:49 AM Apollo Group (APOL) up 8.1% as its University of Phoenix was recertified to participate in financial aid programs - which wasn't a sure thing after news broke of an SEC probe into its revenue booking methods. 4 Comments

• Thursday, October 29, 2009

• 11:30 AM The prolonged recession is straining balance sheets as an increasing number of accounting irregularities are showing up in U.S. firms - including recent issues emerging at Apollo Group (APOL), Overstock.com (OSTK), Town Sports International Holdings (CLUB) and Zale (ZLC). 3 Comments

• Wednesday, October 28, 2009

• 10:52 AM Apollo Group (APOL) down 16.6% as details emerge on an SEC investigation into its revenue recognition. The education company, which runs the online University of Phoenix, had to restate earnings in 2007 because of incorrectly dated stock options. 3 Comments
• 09:00 AM Premarket gainers: QTM +12%. RFMD +6%. PNRA +5%.
  Losers: ILMN -18%. AIB -15%. APOL -15%. VCLK -14%. IRE -14%. AIXG -9%. CVM -8%. SAP -7%. PVTB -6%. TKS -6%. ALU -5%. DAI -5%. PUK -5%. LVLT -6%. MEE -4%. FRE -4%. Comment!

• Tuesday, October 27, 2009

• 16:29 PM Apollo Group (APOL): FQ4 EPS of $1.06 beats by $0.02. Revenue of $1.08B (+30%) vs. $1.03B. Announces an informal SEC inquiry into revenue recognition practices. Shares -19.8% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: ACE, AMKR, APOL, BXP, CBI, CENX, CEPH, DWA, ERTS, ETFC, FISV, HRS, IDTI, ILMN, MCK, MEE, MOLX, NLC, NSC, PNRA, PPDI, RFMD, V, VCLK Comment!

• Monday, September 21, 2009

• 15:55 PM Education stocks are rallying after President Obama talked up plans to stabilize the economy by investing in education for high-tech industries, including a new "innovation strategy" that builds on $100B of stimulus funds to support entrepreneurship, education, infrastructure and other investments. ESI +12%. APOL +8.2%. DV +8.2%. STRA +8.7%. Comment!

• Tuesday, June 30, 2009

• 08:59 AM Premarket gainers: VICL +23%. GERN +18%. XCO +15%. STEM +11%. AEZS +9%. APOL +7%. RAD +6%. AIB +5%.
  Losers: CNA -4%. ELX -3%. Comment!

• Monday, June 29, 2009

• 16:07 PM Apollo Group (APOL): FQ3 EPS of $1.26 beats by $0.14. Revenue of $1B (+26%) in-line. Shares +3% AH. (PR) Comment!
• 00:05 AM Notable earnings after Monday's close: APOL, HRB Comment!

• Wednesday, May 13, 2009

• 13:20 PM Nasdaq leaders: APOL +2%. DTV +1%. Laggards: LINTA -11%. STLD -11%. FLEX -10%. WYNN -9%. LAMR -9%. EXPE -8%. LVLT -8%. SHLD -7%. NVDA -7%. UAUA -7%. DISH -7%. LBTYA -6%. LOGI -6%. AMAT -6%. VMED -5%. AMLN -5%. PCAR -5%. GRMN -5%. JOYG -5%. FAST -5%. WFMI -5%. MICC -5%. EBAY -5%. FWLT -5%. Comment!

• Tuesday, April 21, 2009

• 09:00 AM Premarket gainers: ELX +43%. THC +23%. COH +8%. HOGS +7%. GM +5%. UNH +4%.
  Losers: ZION -24%. HBAN -23%. FITB -16%. NTRS -14%. KEY -12%. BJS -12%. RF -12%. MGM -11%. ETFC -11%. IFX -11%. BAC -10%. BRCM -9%. BK -9%. C -8%. DT -8%. STT -8%. LVS -7%. DOW -6%. APOL -6%. STI -6%. COF -5%. PUK -5%. HIG -5%. CAT -5%. PNC -5%. Comment!

• Wednesday, April 1, 2009

• 09:00 AM Premarket gainers: ZZ +24%. AIB +14%. CNB +12%. IRE +11%. MV +9%. SAY +8%. FCS +7%. LVS +6%. JKHY +5%. FITB +5%. VMW +5%. GFI +5%. TM +4%. VOD +4%. HBC +4%. MGM +3%.
  Losers: CELG -13%. URBN -8%. APOL -8%. IDTI -7%. TSM -7%. SOL -5%. FIS -5%. BAC -5%. TER -4%. AXE -4%. DRYS -4%. WLT -4%. LSI -4%. CIT -4%. JPM -3%. MS -3%. WFC -3%. X -3%. C -3%. S -3%. F -3%. Comment!

• Tuesday, March 31, 2009

• 16:28 PM Apollo Group (APOL): FQ2 EPS of $0.77 beats by $0.12. Revenue of $876M (+2.5%) vs. $865M. University of Phoenix total Degreed Enrollment rose 20.4% to 397,700. Shares -4.9% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: APOL Comment!

• Wednesday, March 4, 2009

• 10:49 AM CitronResearch isn't done with Apollo Group (APOL), out this morning with yet another expose. (previously I, II, III) Shares -1.3%. Comment!