Market Currents

• Friday, December 4, 2009

• 09:48 AM Eastman Kodak (EK +6%) ends a long dispute with LG Electronics, by selling its thin-screen Organic LED development arm to LG and agreeing to share patents. The move is in line with Kodak's cutting costs by trimming spending for cutting-edge technologies. 1 Comment

• Thursday, October 29, 2009

• 07:10 AM Eastman Kodak (EK): Q3 EPS of -$0.23 misses by $0.04. Revenue of $1.78B (-25.9%) vs. $1.89B. Sees revenue decline at high-end of previous 12-18% range. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ABX, AEP, AET, AGN, AN, APA, AVP, AYE, AZN, BC, BCRX, BKC, BPO, CL, CLI, CME, CMS, COCO, COT, DLR, EK, EXPE, FNFG, GTI, K, KBR, MCO, MOT, MPS, MWW, MYL, NBL, NEM, NRG, ODP, OMX, PCG, PDE, PG, PPL, PTEN, RDS.A, S, SII, TSM, VTR, WMB, XEL, XOM Comment!

• Saturday, October 10, 2009

• 16:17 PM In aggregate, short interest in U.S. stocks continues to decline. But that doesn't mean shorts have gone away altogether. Current favorites: Eastman Kodak (EK), Rite Aid (RAD), Baker Hughes (BHI), Starbucks (SBUX) and JetBlue Airways (JBLU). 1 Comment

• Wednesday, September 16, 2009

• 16:31 PM Eastman Kodak (EK) seeks a balance-sheet boost as Kohlberg Kravis Roberts will purchase up to $400M in senior secured notes and take warrants for 53M shares of stock - all of which could mean raising $700M for core Kodak investments. Shares down 5.5% AH. 1 Comment

• Thursday, July 30, 2009

• 07:34 AM Eastman Kodak (EK): Q2 EPS of -$0.71 misses by $0.34. Revenue of $1.77B (-28.9%) vs. $1.83B. Sees loss from continuing ops at the low end of its previous $200-400M range. Shares -2.7% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, ADP, ALU, AOC, APA, ARTG, AVP, AVY, AZN, BC, BCRX, BDX, BEN, CI, CINF, CL, CLI, CMI, CMS, CNX, COL, COV, CVC, DLR, DOW, EK, ENDP, EXPE, FAF, GT, GTI, HP, INCY, IP, IRM, K, KBR, KIM, KSU, LVLT, MA, MOT, MYL, NBL, NRG, NWL, NYX, OCR, OMX, OSK, PCZ, PH, PTEN, RDS.A, RGC, RYN, SBH, SNE, SPR, TEN, TRV, TSM, TYC, VTR, WMI, WYNN, XEL, XOM Comment!

• Wednesday, July 8, 2009

• 08:20 AM After halting its dividend and slashing jobs, Eastman Kodak (EK) says it can generate enough cash to survive and is betting on printers to spur profits. Still, despite signals of improved business conditions, CEO Antonio Perez thinks "growth won't return until 2011." 1 Comment

• Thursday, April 30, 2009

• 07:11 AM Eastman Kodak (EK): Q1 EPS of -$1.34 misses by $1.01. Revenue of $1.5B (-29.4%) vs. $1.6B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APA, ASH, AZN, BC, BWA, CAH, CELG, CI, CINF, CL, CLI, CMCSA, CMS, COCO, COV, CTL, D, DLR, DOW, EK, ENTG, EQT, ERIC, EXPE, FAF, GTI, HOT, HP, IP, IRM, K, KBR, KIM, KSU, LKQX, LNT, MRO, MOT, MYL, NBL, NEM, NRG, NWL, NYX, OC, OCR, OMX, OSK, PDE, PEI, PG, PTEN, RGC, RYN, SEPR, SPR, SWY, TRV, TSM, TYC, VIA.B, WMB, WPI, XEL, XOM Comment!

• Monday, March 30, 2009

• 11:11 AM Kodak (EK) rolls out a new, more aggressive ad campaign targeting consumers' frustration with the high price of printer ink. The company hopes the ad campaign will help jump-start its ink-jet-printer business. Comment!

• Tuesday, March 24, 2009

• 15:50 PM As its core cellphone business slumps, Sprint (S) wants to rent out excess network capacity to consumer gadget makers. Sprint already handles wireless downloads for Kindle (AMZN), and is in talks with Garmin (GRMN), Kodak (EK) and SanDisk (SNDK). Comment!

• Tuesday, March 10, 2009

• 07:46 AM Moody's unveils its Bottom Rung, a list of companies it believes are most likely to default on their debts in the next year. The list will updated monthly. This month's losers include Kodak (EK), GM (GM), Chrysler, Ford (F) and MGM Mirage (MGM). Comment!

• Thursday, March 5, 2009

• 15:06 PM S&P leaders: CIEN +13.5%. FDO +13%. ADBE +4.5%. NEM +4%. MO +4%. Laggards: HIG -25%. MI -23%. MET -22%. USB -20%. LNC -19%. LIZ -18%. GM -18%. PRU -18%. PFG -17%. EK -17%. STT -17%. AA -17%. WFC -17%. COF -16%. SLM -16%. Comment!

• Wednesday, February 4, 2009

• 15:27 PM Eastman Kodak (EK -1.1%) anticipates a very small recovery in digital sales in 2010, and will seek "alliances or other business-model changes to reduce risk and enhance revenue and margins," it tells investors at a conference. Sees 2009 revenue down 12-18%, but says it's comfortable with its cash position. Comment!

• Thursday, January 29, 2009

• 09:02 AM Premarket losers: DRYS -26%. LYG -19%. ALL -17%. AIB -16%. ZMH -12%. BDK -11%. UBS -11%. FO -10%. EK -9%. RBS -9%. DRE -9%. BCS -9%. CTXS -9%. FAS -8%. QCOM -8%. NM -8%. DB -8%. GNW -6%. GNK -6%. MT -6%. AZN -5%. ITW -5%. HIG -5%. PSSI -5%. FITB -5%. C -5%. JAVA -5%. Comment!