Market Currents

• Tuesday, November 17, 2009

• 10:30 AM According to CNBC, Developers Diversified Realty's (DDR) $400M CMBS issue - the first commercial mortgage backed deal in almost a year and a half - is being done with overwhelmingly private money. The Fed committed to lend up to $250M to make the deal happen, but may have to cough up only a small fraction of that. 2 Comments

• Monday, November 16, 2009

• 16:39 PM Developers Diversified Realty (DDR +6.7%) sells $400M of shopping-center-backed debt in the first such offering through TALF since the Fed opened the program to commercial-mortgage debt in June. Strong demand allowed the company to reduce spreads to 140 basis points from as much as 175 bp. Comment!

• Monday, November 9, 2009

• 12:12 PM Asset manager Kent Born on Developers Diversified Realty's (DDR +5.8%) $400M MBS sale, the first of its type since June 2008: "It would be good for the market psyche to actually see a new deal done. But as a practical matter it's not going to get us back to the type of deals that were the bread and butter of the market merely two years ago." Comment!
• 09:44 AM The first commercial mortgage deal of 2009: Developers Diversified Realty (DDR) comes to the market with a much-anticipated $400M commercial mortgage-backed bond. The bond, dubbed 2009-DDR1, is eligible for financing under TALF. Comment!

• Thursday, October 22, 2009

• 17:15 PM Developers Diversified Realty (DDR): Q3 FFO of $0.44 beats by $0.01. Revenue of $202M (-9%) vs. $194M. (PR) Comment!
• 00:10 AM Notable post-market earnings: AMZN, AXP, BNI, BRCM, BUCY, CA, CAKE, CB, COF, CPWR, DDR, ELX, EMN, INFA, JNPR, LEG, LSCC, NFLX, PMCS, RMBS, RVBD, SNV, SPWRA, SYNA, WDC, WFR Comment!

• Thursday, July 23, 2009

• 18:39 PM Developers Diversified Realty (DDR): Q2 FFO of $0.51 beats by $0.01. Revenue of $204M (-8%) vs. $202M. Shares closed +12.9%. (PR) 2 Comments
• 00:10 AM Notable earnings after Thursday's close: AMP, AMZN, AXP, BIDU, BLUD, BNI, BRCM, BUCY, CA, CAKE, CB, CENX, CNW, COF, COG, CPWR, DDR, DDUP, EMN, FII, INFA, JNPR, KLAC, LEG, MSFT, NFLX, PMCS, RFMD, RMBS, RVBD, SNV, SPWRA, STAR, TCO, WFR, WRE Comment!

• Wednesday, May 13, 2009

• 13:15 PM S&P leaders: GM +7%. MRK +3%. PFE +3%. FHN +3%. JEC +3%. Laggards: GNW -24%. LIZ -23%. ODP -18%. MTG -16%. FITB -15%. DDR -15%. HBAN -14%. AKS -14%. HIG -13%. ATI -12%. GT -12%. ACAS -12%. IP -12%. MI -12%. MTW -12%. AIG -12%. RF -11%. JNY -11%. UIS -11%. PLD -11%. DOW -10%. CBG -10%. GCI -11%. MEE -10%. ZION -10%. TEL -9%. TIE -9%. LUK -9%. HAR -9%. MWV -9%. AA -9%. NUE -9%. XL -9%. WYN -9%. AIV -9%. MAS -9%. Comment!

• Thursday, May 7, 2009

• 09:03 AM Premarket gainers: VNDA +808%. VG +65%. VICL +33%. COF +18%. CNO +17%. HBAN +17%. GNW +16%. BAC +15%. FITB +14%. C +14%. AIG +14%. KFN +13%. CIT +12%. CDNS +11%. GTE +12%. KNDL +11%. CSUN +11%. DFS +9%. IRE +10%. ANF +10%. UL +10%. LNC +10%. DDR +10%. MFG +9%. HIG +8%. CNB +9%. UCBH +9%. SIG +8%. STT +8%. PRU +8%. CPSL +8%. GCI +7%. ETFC +7%. ONNN +7%. ACAS +7%. ERX +7%. CVC +6%. PRGN +6%. ZION +6%. DRYS +6%. BK +6%. Comment!

• Friday, April 24, 2009

• 09:02 AM Premarket gainers: DDR +34%. F +24%. RVBD +13%. CAKE +13%. RAD +12%. INFA +11%. STAR +10%. AXP +9%. JNPR +8%. HMY +7%. TS +6%. GFI +6%. SLB +6%. LVS +5%. FIG +4%. FIG +4%. MSFT +4%. TOT +4%.
  Losers: UCBH -19%. IBKR -15%. CPN -9%. CYBS -8%. MAR -4%. ACI -4%. NFLX -3%. VOD -3%. SD -3%. Comment!

• Thursday, April 23, 2009

• 15:10 PM Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW Comment!
• 00:10 AM Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW Comment!

• Thursday, March 19, 2009

• 09:01 AM Premarket losers: ARE -9%. GGP -8%. DDR -7%. NKE -4%. FDX -4%. JAVA -3%. UPS -3%.AU -3%. Comment!

• Tuesday, February 24, 2009

• 10:23 AM Shares of troubled REIT Developers Diversified Realty (DDR) +23.6% after it agrees to sell 30M shares to German developers the Otto family. The $112.5M deal could help alleviate some of DDR's debt burden. Comment!
• 09:00 AM Premarket gainers: RMBS +27%. DDR +19%. ONXX +12%. HOGS +9%. RBS +8%. YHOO +6%. JPM +6%. PHG +5%. RCL +5%. QGEN +5%. MHS +4%. BCS +4%. M +4%. DB +4%. ESI +4%. Comment!