Market Currents

• Monday, December 28, 2009

• 10:53 AM An ominous glut of oil tankers signals a 25% decline in freight rates next year. A 25% drop would drop supertanker rates to about $30K/day, below what giant ship operator Frontline (FRO) says it needs to break even. Comment!

• Friday, December 11, 2009

• 09:00 AM Premarket gainers: ING +4%. NOK +4%. FRO +4%.
  Losers: DEER -26%. USEG -6%. KGS -6%. Comment!

• Friday, November 27, 2009

• 03:28 AM Frontline (FRO): Q3 EPS of -$0.07 beats by $0.05. Revenue of $233M (-59.6%) vs. $196M. (PR) Comment!
• 00:05 AM Notable premarket earnings: FRO, SFL Comment!

• Monday, November 16, 2009

• 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!

• Friday, September 4, 2009

• 09:50 AM Supertanker owners may simply idle their ships unless rates return to a profitable level, Frontline (FRO) - the world's biggest independent oil tanker - said this morning. Ship owners' income is currently negative $703/day. "We are subsidizing oil companies," Frontline says. Meanwhile, Frontline denied reports of a $180M charter contract. Comment!

• Friday, August 28, 2009

• 08:04 AM Frontline (FRO): Q2 EPS of $0.36 vs. consensus of $0.00 (may not be comparable). Revenue of $281M (-48.6%) vs. $229M. Shares +1.4% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: FRO, TIF
    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!

• Monday, June 22, 2009

• 09:00 AM Premarket gainers: MEDX +22%. AVII +12%. NSU +10%. EMKR +6%. AAUK +6%. LSI +5%.
  Losers: ALU -9%. RTP -6%. DB -5%. FRO -5%. HMY -5%. WAG -5%. STSI -5%. MT -5%. AIB -4%. AU -4%. GFI -4%. AXA -4%. HBAN -4%. FCX -4%. Comment!

• Friday, June 19, 2009

• 09:00 AM Premarket gainers: ZZ +33%. SWHC +18%. ARM +10%. STSI +8%. KMX +7%. CCL +7%. FRO +7%. RCL +6%. HIG +5%. MDCO +5%. CTIC +5%. C +4%. CENX +4%. INSM +4%. AIG +4%. LIZ +4%. AAUK +4%. MPEL +4%. FEED +4%. SOA +4%. GOLD +4%. ESLR +4%.
  Losers: ETFC -15%. TSFG -12%. TNK -11%. HPT -4%. Comment!

• Wednesday, June 10, 2009

• 09:09 AM Premarket gainers: PPHM +21%. AXL +13%. SAY +12%. ESLR +10%. ISLE +10%. LEA +10%. FRO +8%. ETFC +8%. DAN +7%. OMC +7%. SOL +8%. DPTR +6%. CENX +6%. NVAX +6%. RTP +6%. BQI +5%. XL +5%. UBS +5%. JASO +5%. CSUN +5%. OPWV +5%. HBC +4%. RCL +4%. LDK +4%.
  Losers: CNB -26%. SINA -7%. LHO -6%. SQNM -4%. 1 Comment

• Tuesday, June 9, 2009

• 09:11 AM Premarket gainers: MRNA +102%. FCEL +28%. SAY +18%. TXN +7%. CSUN +7%. VVUS +6%. SOL +6%. RFMD +6%. FRO +6%. ADCT +6%. TC + 6%. CSUN +5%. STP +5%. ETFC +5%.
  Losers: ZQK -15%. NAV -10%. ANPI -5%. Comment!

• Friday, June 5, 2009

• 09:00 AM Premarket gainers: GNBT +21%. HEB +16%. SOL +10%. XOMA +9%. RTP +9%. FLIR +9%. RAD +8%. AIB +8%. CSUN +8%. BHP +7%. CENX +7%. CRBC +7%. ING +7%. JASO +6%. CLF +6%. PMI +6%. GES +6%. SOLF +6%. CIT +5%. VALE +5%. KEY +5%. GNW +4%. FRO +4%. AIG +4%. DPTR +4%. FEED +4%. LDK +4%. CNB +4%. YGE +4%. AMD +4%. PCX +4%. Comment!

• Thursday, May 28, 2009

• 09:02 AM Premarket gainers: EXEL +26%. PPHM +23%. ANPI +23%. PARD +14%. SANM +6%. BIG +6%. DRYS +5%. XOMA +5%. TSL +5%. FRO +5%. RYAAY +5%. CIT +4%. ABK +4%. FIG +4%. SOLF +4%.
  Losers: BCSI -9%. TEX -9%. LEAP -6%. GM -6%. TWO -5%. SBLK -4%. Comment!
• 05:53 AM Frontline (FRO): Q1 EPS of $0.97 beats by $0.27. Revenue of $356.6M (-32.4%) vs. $300M. (PR) Comment!