Market Currents

• Friday, November 6, 2009

• 09:00 AM Premarket gainers: GSI +10%. KFN +8%. FAZ +5%. RBS +5%. NVDA +4%. SWKS +4%.
  Losers: CVI -13%. FRE -12%. FNM -12%. AIG -11%. CROX -10%. IRE -7%. FIG -6%. SD -6%. ABK -4%. CRH -4%. BCRX -4%. CNO -4%. CTIC -4%. CBS -4%. ING -4%. RCL -4%. MT -4%. 1 Comment
• 07:12 AM Fortress Investment Group LLC (FIG): Q3 EPS of $0.11 beats by $0.02. Revenue of $144M (-22.4%) vs. $123M. (PR) 1 Comment
• 00:05 AM Notable premarket earnings: AIG, BAM, BEXP, BX, EIX, FIG, MIR, NVAX, SNI, SU 1 Comment

• Tuesday, October 13, 2009

• 09:21 AM RailAmerica's (RA) IPO of 11.5M shares priced at $15, shy of the target range of $16-18. Parent Fortress Investment Group LLC (FIG) still owns 55.8% of RailAmerica. Shares will return to the NYSE this morning following a two-year absence after being taken private by Fortress in Feb. 2007. Comment!

• Friday, October 2, 2009

• 09:00 AM Premarket gainers: CIT +8%. HEB +4%.
  Losers: AEG -8%. PCX -7%. HOV -7%. PGH -7%. ING -6%. AIB -6%. FIG -6%. MGM -6%. CVM -6%. LVS -5%. LYG -5%. RTP -5%. FRE -5%. ALU -5%. CNO -4%. SYN -4%. F -4%. FNM -4%. AMD -4%. RF -4%. ABK -4%. HIG -4%. SVA -4%. MU -4%. NOK -4%. Comment!

• Wednesday, September 9, 2009

• 09:00 AM Premarket gainers: ENCO +333%. VVUS +54%. HITK +17%. TLB +11%. TITN +10%. FIG +7%. ATPG +8%. SRZ +7%. ARNA +6%. HL +4%. ETFC +4%. ABB +4%. OREX +4%.
  Losers: PBY -8%. PALM -6%. MYL -5%. LAZ -4%. 1 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!

• Thursday, August 13, 2009

• 09:00 AM Premarket gainers: HRS +16%. ANW +10%. TSEM +7%. URBN +7%. ING +6%. CIT +6%. RF +6%. FNM +6%. AGO +6%. AU +5%. GFI +5%. ALU +4%. OCNF +4%. FRE +5%. UBS +5%. EGO +4%. HMY +4%. BAC +4%. DB +4%. ONNN +4%. FIG +4%.
  Losers: LDK -13%. AEG -8%. MWE -6%. AAP -5%. CNB -4%. Comment!

• Thursday, August 6, 2009

• 09:00 AM Premarket gainers: RTK +161%. SXCI +27%. MBI +20%. CSIQ +19%. ABK +18%. FNM +18%. AIG +15%. AIB +14%. THOR +11%. GNW +11%. CIT +9%. CBEY +9%. CRIS +9%. UDR +9%. CYTR +8%. M +9%. BZ +7%. UN +7%. LYG +7%. PMI +6%. ETFC +6%. WEN +5%. FIG +5%. BCS +5%. KFN +5%. HIG +5%. BEAT +4%. SOL +4%. GPS +4%. DRL +4%. YGE +4%. CHK +4%. CETV +4%. TLAB +4%. BCE +4%. C +5%. ONNN +4%. LDK +4%. HBAN +4%. Comment!

• Wednesday, August 5, 2009

• 09:00 AM Premarket gainers: INO +42%. RDN +37%. GRMN +20%. PMI +18%. WFMI +16%. USU +14%. BZ +11. TRA +11%. LYG +11%. FWLT +10%. OWW +10%. AIB +8%. RBS +7%. FIG +6%. BCS +5%. CNO +6%. HW +5%. SATC +5%. SAY +4%. ABAT +4%. DVN +4%.
  Losers: ACAS -21%. ISPH -9%. PWR -6%. AXL -6%. HCP -5%. BMC -5%. RIG -4%. Comment!
• 07:17 AM Fortress Investment (FIG): Q2 EPS of -$0.41 vs. consensus $0.07 (may not be comparable). Revenue of $117M (-29%) vs. $108M. Daniel Mudd becomes CEO effective August 11, 2009. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AGU, AVT, AXL, BHI, BYD, CNP, DF, DVN, EXM, FIG, FWLT, GRMN, MMC, OC, OSG, PCG, PG, PQ, PWR, RDN, RIG, RL, RRD, XTO Comment!

• Monday, August 3, 2009

• 09:00 AM Premarket gainers: AXL +15%. INO +12%. ONTY +11%. VHC +11%. BIF +9%. SVA +9%. DAN +9%. KFN +9%. VICL +8%. RBS +7%. F +7%. HUM +7%. NVAX +6%. BCS +6%. SOL +6%. HBC +6%. ERX +6%. ZQK +6%. RCL +5%. TGB +5%. FRO +5%. NXG +5%. WEN +5%. UBS +5%. EBAY +5%. FIG +5%. AKS +5%. FITB +5%. ALU +4%. TSN +4%. YGE +4%. AIB +4%. MT +4%. KEY +4%. STP +4%. FCX +4%. ELN +4%.
  Losers: HURN -73%. SVNT -25%. Comment!

• Friday, July 17, 2009

• 16:47 PM Fortress Investment Group (FIG -3.9%) has reportedly tapped ex-Fannie Mae chief Daniel Mudd to be CEO, to replace co-founder and top stockholder Wesley Edens. Mudd was forced out of Fannie during the government's fall takeover. Comment!

• Tuesday, July 14, 2009

• 07:38 AM Fortress Investment (FIG) is in talks with lenders to refinance a key $1.6B loan but, strangely, is also one of the lenders. Fortress, which must refinance by July 27, is taking a backseat in lenders' negotiations so as to speed the process and limit potential conflicts. 1 Comment

• Friday, June 26, 2009

• 09:57 AM Will Fortress Investment Group (FIG), which owns a 50% stake in the Sony/ATV music catalog that controls Michael Jackson's music, see a spike in the value of its investment? More on the after-death sales jump. Comment!