Market Currents

• Wednesday, December 16, 2009

• 11:28 AM Housing starts were only slightly above expectations, but homebuilders are trading higher, with Beazer Homes (BZH) up 10.3% and Hovnanian (HOV) up 8.4%. (ETF: XHB +1.7%) Comment!

• Monday, November 16, 2009

• 13:56 PM Beazer Homes (BZH -5.3%) chief Ian McCarthy received a Wells notice, meaning the SEC may sue to claw back compensation under Sarbanes-Oxley. In September 2008 Beazer settled an SEC case alleging fraud; this summer Floyd Norris wondered if McCarthy might pay for presiding over a "crime wave." Comment!
• 09:00 AM Premarket gainers: NABI +33%. IBKC +23%. NLST +16%. S +8%. ABK +6%. STP +6%. SOL +6%. FRO +5%. RTP +4%. QTWW +4%. C +4%. MT +4%. HL +4%. RFMD +4%. RCL +4%. SNV +4%. MGM +4%.
  Losers: TBV -22%. ADY -19%. PWRD -5%. AIB -5%. BZH -5%. TRW -4%. IRE -4%. Comment!

• Tuesday, November 10, 2009

• 09:00 AM Premarket gainers: PCLN +11%. AVNR +10%. JASO +8%. AIG +8%. RAX +8%. BZH +7%. ALV +4%. QGEN +4%. RTK +4%.
  Losers: MBI -13%. ABK -7%. CPST -7%. FLR -6%. BCS -5%. NS -5%. AIB -5%. ALU -4%. VOD -4%. S -4%. Comment!
• 07:35 AM Beazer (BZH): FQ4 EPS of $0.87 vs. consensus of -$1.24. Revenue of $376M (-42.1%) vs. $338M. Cancellation rate of 34.7% vs. 46.3% a year ago. "We experienced some moderation in negative market trends, with attractive interest rates, historically high housing affordability and the federal tax credit attracting more prospective buyers to purchase a new home. Nonetheless, elevated unemployment and rising foreclosure activity make it difficult to predict when and to what extent the housing market will sustainably recover." Shares +10.5% premarket. (PR) 1 Comment
• 00:05 AM Notable premarket earnings: ARM, BZH, DSX, JASO, TYC Comment!

• Monday, August 17, 2009

• 09:00 AM Premarket gainers: ARIA +7%.
  Losers: IDCC -27%. RST -16%. RAS -13%. LOW -10%. ABK -10%. AXL -10%. TGB -10%. AIB -9%. FRE -9%. FNM -9%. BZH -8%. RTP -8%. YRCW -7%. CENX -7%. HL -6%. LVS -7%. NXG -7%. TCK -7%. GNW -7%. CPST -6%. FIG -6%. HD -6%. YGE -6%. HIG -6%. BCS -6%. RF -6%. LYG -6%. FCX -5%. SOL -5%. AIG -5%. MT -5%. NVAX -5%. ETFC -5%. AEG -5%. FITB -5%. HBAN -5%. ESLR -5%. RTK -5%. X -5%. CNO -5%. CS -5%. Comment!

• Wednesday, August 12, 2009

• 09:00 AM Premarket gainers: EJ +21%. JAZZ +195. TSEM +14%. ADCT +12%. TOL +9%. CRY +8%. BZH +5%. RBS +4%.
  Losers: JASO -10%. LIZ -9%. YRCW -7%. IMAX -6%. Comment!

• Thursday, August 6, 2009

• 16:12 PM Beazer (BZH): FQ3 EPS of -$0.72 beats by $0.81. Revenue of $225M (-51%) vs. $226M. Shares +4.5% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: AGO, ALKS, BZH, CBS, CROX, CSC, DCT, ELX, EOG, HANS, HURN, IPI, LEAP, MCHP, ME, MXIM, NVDA, POM, PSA, ROVI, SAPE, SD, SQNM, VRSN, WR Comment!

• Tuesday, June 16, 2009

• 09:00 AM Premarket gainers: EMKR +28%. ALVR +13%. HOV +11%. BZH +9%. LEA +9%. ACAS +8%. SAY +8%. SATC +8%. ESLR +6%. FRPT +6% BCS +5%. LYG +5%. HL +5%. RCL +4%. SQNM +4%. SOL +4%. EGLE +4%. S +4%.
  Losers: CPST -10%. APWR -9%. GENZ -6%. PCX -5%. CHU -4%. CTIC -4%. ACGY -4%. JAZZ -4%. Comment!
• 08:54 AM Strength in homebuilder stocks premarket after May building starts come in stronger than anticipated, while permits of 518K also overshoot consensus of 508K. HOV +13%. BZH +8.4%. KBH +3.8%. TOL +2.7%. 1 Comment

• Friday, May 8, 2009

• 07:30 AM Beazer (BZH): FQ2 EPS of -$2.97 misses by $1.37. Revenue of $188M vs. $213M. (PR) Comment!
• 00:10 AM Notable earnings after Friday's close: BZH, PCLN Comment!

• Wednesday, May 6, 2009

• 09:00 AM Premarket gainers: APAC +38%. ARM +23%. CKSW +22%. ACOR +21%. CROX +17%. AIB +17%. CTIC +16%. SUMT +17%. FIG +14%. LNC +14%. BEE +13%. ABK +11%. DAN +11%. PLT +11%. BYD +11%. HOV +9%. SRZ +9%. GNW +10%. ANR +8%. DIS +7%. CLF +7%. KFN +7%. BZH +7%. BAC +7%. HBC +6%. FITB +6%. BRCD +6%. BX +6%. DRYS +6%. HIG +5%. WFC +5%. EXM +5%. HMY +5%. ALU +5%. MGM +5%. COF +5%. AU +5%. CRXL +5%. GFI +5%. GERN +5%. Comment!

• Tuesday, May 5, 2009

• 09:00 AM Premarket gainers: ACAD +24%. MGM 16%. LVS +13%. XTXI +12%. AIG +11%. THC +10%. TKLC +9%. GERN +9%. EGLE +8%. ALKS +7%. FIG +6%. DRYS +6%. VRX +6%. AMLN +6%. YGE +6%. KFT +5%. CENX +5%. CTSH +5%. PCX +6%. CSIQ +5%. BZH +5%. NM +4%. EXM +4%. CDE +4%.
  Losers: BZ -21%. HOLX -20%. HLIT -15%. MYGN -14%. LM -11%. NMM -10%. PQ -10%. AXA -9%. PNX -8%. HEP -8%. ADM -7%. CHK -6%. DHI -5%. FITB -4%. RDN -5%. AKS -4%. AIB -4%. UL -4%. IRE -4%. KFN -4%. Comment!