Market Currents

• Monday, November 2, 2009

• 09:00 AM Premarket gainers: HGSI +33%. EAC +24%. TRA +12%. VRTX +11%. F +9%. AMLN +7%. DNDN +5%. AXL +5%. MOT +5%. CTIC +5%. PGR +5%. PRGO +5%. ALU +4%. MI +4%. JWN +4%. GNW +4%. THC +4%.
  Losers: CTXI -34%. AIB -10%. LDK -9%. NTES -5%. DSCO -4%. Comment!
• 07:59 AM Denbury Resources (DNR) agrees to acquire Encore Acquisition Co. (EAC) in a transaction worth $4.5B, including the assumption of $1.25B in debt. Denbury will pay $50 for each share of EAC - $15 in cash and $35 in stock - a 35% premium to Friday's close. The combo will have one of the largest reserves of crude among independents. JPMorgan (JPM) to provide Denbury with a new $1.6B line of credit and another $1.25B in bridge financing. Comment!

• Monday, January 5, 2009

• 09:36 AM The recent rally in crude oil has given battered energy stocks a much-needed boost. Oil service stocks are up 22% since Dec. 5; E&P stocks have gained 33% since Nov. 21. Top picks for 2009, from Pritchard: HP, NOV, TTES, RIG, EAC, HWK and RRC. Comment!

• Tuesday, October 28, 2008

• 15:10 PM Notable earnings after the close: ACE, ALGN, AMX, APOL, ARRS, BMRN, BXP, CBI, CEPH, CPHD, CTX, DRIV, DWA, EAC, FISV, FLS, FMC, LNC, MCK, MOLX, MTW, NLC, PMTC, RFMD, STM, WLT, WRB, XRAY Comment!
• 00:10 AM Notable earnings after Tuesday's close: ACE, ALGN, AMX, APOL, ARRS, BMRN, BXP, CBI, CEPH, CPHD, CTX, DRIV, DWA, EAC, FISV, FLS, FMC, LNC, MCK, MOLX, MTW, NLC, PMTC, RFMD, STM, WLT, WRB, XRAY Comment!

• Wednesday, August 6, 2008

• 15:10 PM Notable earnings after Wednesday's close: AAP, ACF, AHT, AIG, BEE, CAR, CECO, EAC, FBN, GDP, GGB, NHP, NKTR, RIO, SCI, SINA, SUN, SVNT, TS, URS, UTSI, VRSN Comment!
• 00:10 AM Notable earnings after Wednesday's close: AAP, ACF, AHT, AIG, BEE, CAR, CECO, EAC, FBN, GDP, GGB, NHP, NKTR, RIO, SCI, SINA, SUN, SVNT, TS, URS, UTSI, VRSN Comment!

• Tuesday, July 29, 2008

• 15:10 PM Notable post-close earnings: ACE, AMMD, CBG, CBI, CEPH, CTV, CTX, DWA, EAC, EOG, EQ, ERTS, EXR, FISV, GNW, HBI, IDTI, LNC, LRCX, MET, OMX, RFMD, URI, VIA, XRAY Comment!

• Wednesday, July 9, 2008

• 14:29 PM Independent oil and gas companies, including Anadarko (APC) and Apache (APA), should beat Street consensus thanks to high oil and gas prices, StarMine says. Also: PXP, NFX, EOG, CHK, CPE, EAC, SM and ULP. Comment!