Market Currents

• Tuesday, October 20, 2009

• 09:00 AM Premarket gainers: MPS +22%. BPAX +11%. LXK +9%. IRE +8%. AAPL +6%. NVAX +5%. CAT +6%. UAUA +6%. MGM +5%. HGSI +5%. UNH +4%. BK +5%. PH +5%. AIB +4%. PSO +4%. BTU +4%.
  Losers: MI -8%. FRE -7%. BSX -7%. Comment!
• 08:57 AM Peabody (BTU): Q3 EPS of $0.49 beats by $0.26. Revenue of $1.67B (+24.6%) vs. $1.42B. Shares +4.2% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ALV, BK, BIIB, BLK, BTU, CAT, CMA, COH, DGX, DRH, DD, EAT, FRX, GAP, ITW, JEF, JRN, KO, LXK, LMT, MTB, PCP, PH, PFE, RF, SHW, STT, SVU, UAUA, UNH, UTX, WU Comment!

• Thursday, August 13, 2009

• 07:53 AM Three energy giants (BHP Billiton (BHP), Peabody (BTU), and Chevron (CVX)) are embroiled in a lobbying scandal that aimed to defeat the U.S. climate change bill by sending forged letters to members of Congress. Comment!

• Tuesday, July 21, 2009

• 08:12 AM Peabody Energy (BTU): Q2 EPS of $0.49 in-line. Revenue of $1.3B (-12.2%) vs. $1.4B. Shares -2.4% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AKS, ALV, AMTD, BJS, BTU, CAL, CAT, CMA, DD, DGX, ELN, FCX, FRX, HCBK, JEF, KO, LMT, LUV, LXK, MRK, PCP, RF, SGP, SHW, STT, UAUA, UNH, UTX, WU Comment!

• Wednesday, April 15, 2009

• 08:24 AM Peabody Energy (BTU) Q1 EPS of 63 cents misses by 30 cents. Revenue $1.46B misses by $160M. [PR] Comment!

• Tuesday, January 27, 2009

• 09:00 AM Premarket gainers: CVTX +50%. AIB +21%. RBS +14%. LYG +14%. SLG +10%. NFLX +9%. ENR +9%. X +8%. AFL +7%. BTU +7%. ARMH +6%. FAS +6%. SAY +6%. SI +6%. MT +6%. AXP +6%. AU +5%. BCS +5%. F +5%. NOK +5%. STLD +5%. RTP +5%. BAC +5%. TXN +5%. Comment!
• 08:31 AM Peabody (BTU): Q4 EPS of $1.11 beats by $0.37. Revenue of $1.88B (+61%) vs. $1.71B. "While the world faces significant near-term economic challenges, Peabody's middle- to long-term outlook remains positive." Shares +7% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: AKS, ASH, AVY, BJS, BMS, BMY, BTU, CBE, CHKP, CP, CVG, DAL, DD, EMC, ENR, FMER, FPL, GLW, HSY, KCI, LXK, MHP, NUE, NYB, RYN, SI, STE, STJ, TIN, TLAB, TRV, VLO, VZ, WAT, WDR, X Comment!

• Thursday, October 16, 2008

• 08:16 AM Peabody Energy (BTU): Q3 EPS of $1.38 beats by $0.51. Revenue of $1.91B (+59%) vs. $1.68B. Sees 2008 EPS of $3.00-3.25 vs. $2.86. "Supply challenges around the world and lack of capital to respond to market shortages will continue to drive a tight global supply-demand balance for coal... Long-term coal demand profile is very strong and will continue to be led by emerging economies." Shares +7.7%. (PR) Comment!

• Wednesday, July 23, 2008

• 00:05 AM Notable earnings before Wednesday's open: ABFS, APD, ARW, ATI, ATMI, BA, BTU, COP, CVG, DOV, EMC, EXC, GD, GENZ, GSK, HSY, MCD, NIHD, NWA, NYB, NYT, PEP, PFE, PM, PX, R, SEIC, SLM, SOV, SY, T, TCB, TNB, TRV, UIS, WHR, WLP, WYE Comment!

• Thursday, July 3, 2008

• 09:53 AM Analysts come to coal's defense following yesterday's sell-off. (ACI +3.5%. ANR -3.5%. BTU -0.7%. CLF +2.1%. KOL -6.7%) Comment!

• Wednesday, July 2, 2008

• 11:47 AM Coal prices plunged by $20 (about 10%) Wednesday due to a "a long-awaited correction." Red-hot coal stocks are down sharply: JRCC -11.65%. ACI -11.4%. MEE -10.5%. ANR -9.5%. CNX -9.3%. FCL -8.1%. ICO -6.6%. FDG -6.1%. BTU -6%. Comment!

• Tuesday, July 1, 2008

• 12:15 PM Even as markets flounder, Market Vectors Coal ETF (KOL) remains one of the hottest ETFs - up 43.1% in Q2. Will the trend continue? (Top holdings: BTU, CNX, ACI, MEE) Comment!