Market Currents

• Tuesday, December 22, 2009

• 11:16 AM Downgrades from S&P for five mortgage insurers, bringing two of them to the brink of junk. The firm had put seven insurers on downgrade watch in October. Lowered today: Old Republic International (ORI), Radian Group (RDN), Genworth Financial (GNW), PMI Group (PMI) and United Guaranty Residential Insurance. 1 Comment

• Tuesday, December 15, 2009

• 10:54 AM Genworth Financial (GNW -2.5%) now says it doesn't expect its mortgage insurance unit to turn an operating profit until mid-2011. In the third quarter, the insurer's mortgage business had an operating loss of $116M vs. a year-prior loss of $121M. Comment!

• 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!

• Friday, October 30, 2009

• 09:00 AM Premarket gainers: GNW +13%.% RVSN +11%. EL +8%. LVS +8%. VVUS +8%. AIXG +7%. YRCW +5%. MGM +5%. CMI +4%. SHPGY +4%.
  Losers: NVTL -19%. SMP -12%. ALU -8%. MTW -7%. CIT -6%. CBEH -7%. Comment!

• Thursday, October 29, 2009

• 16:47 PM Genworth Financial (GNW): Q3 net income available to common shareholders of $0.04 beats by $0.06. Revenue of $2.4B (+10%) vs. $2.5B. Shares +15.9% AH. (PR) Comment!
• 09:00 AM Premarket gainers: AMSC +15%. AIXG +12%. RBS +12%. PQ +11%. LYG +10%. AKAM +10%. MITI +10%. ING +9%. FNM +8%. ABK +8%. CTIC +8%. DB +8%. FITB +7%. FRE +7%. SWSI +7%. BCS +6%. MOT +6%. IRE +6%. ALU +6%. TCK +5%. RCL +5%. RTP +5%. CS +5%. HL +5%. ACGY +5%. MT +5%. GNW +5%. HGSI +5%. FAS +5%. GOLD +5%. LVS +5%. HIG +5%. MGM +4%. CNO +4%. ASML +4%. NCS +4%. LCC +4%. VALE +4%. PG +4%.
  Losers: FSLR -15%. BCRX +4%. FLS -4%. Comment!
• 00:10 AM Notable post-market earnings: AB, BMC, BYI, CLF, DTE, ELY, GNW, HTZ, IM, KLAC, LVS, MET, MFE, MHK, MTW, MXIM, PKI, POM, RGC, RNWK, SBAC, SPF, STAR, SWN, VAR Comment!

• Friday, October 16, 2009

• 09:00 AM Premarket gainers: TRGT +23%. SPPI +7%. FAZ +6%.
  Losers: MTG -14%. MEA -7%. AMD -6%. FAS -6%. BAC -6%. SHO -5%. AIB -5%. CIT -5%. ING -4%. PMI -5%. IBM -5%. SNY -4%. AEG -4%. MT -4%. GNW -4%. SYMC -4%. Comment!

• Wednesday, October 14, 2009

• 09:00 AM Premarket gainers: CNO +22%. BMTI +12%. UEC +11%. ACAS +10%. PLUG +7%. FAS +6%. RTP +5%. CIEN +5%. BCS +5%. AMR +5%. AMD +5%. CRH +5%. CATY +5%. INTC +4%. ACLS +4%. CY +4%. HGSI +4%. ONNN +4%. TSFG +4%. MT +4%. GNW +4%. JPM +4%. UBS +4%. RBS +4%. ALTR +4%. NVDA +4%. STD +4%. HIG +4%. LYG +4%. GNW +4%. CTIC +4%. STM +4%. PIR +4%.
  Losers: UCBH -11%. 2 Comments

• Tuesday, September 15, 2009

• 09:00 AM Premarket gainers: MSO +9%. TER +8%. RCL +5%. MGM +4%. LVS +4%. GNW +4%. NXG +4%.
  Losers: KR -6%. ING -3%. Comment!

• Monday, September 14, 2009

• 16:24 PM Genworth Financial (GNW) - up 298% year-to-date - opens a secondary offering of $500M in stock; shares down 3.5% AH. Comment!

• Thursday, September 3, 2009

• 09:00 AM Premarket gainers: CRIS +20%. SVA +20%. HCLS +16%. FNM +12%. VICL +12%. DLM +11%. FRE +11%. CIT +7%. AIG +7%. AIB +6%. INO +6%. ABK +6%. ING +6%. ASX +6%. LYG +5%. AEO +5%. COST +5%. GPS +5%. RCL +5%. SOL +5%. NOK +5%. GNW +4%. RBY +4%. ANO +4%. HGSI +4%. DB +4%. ESLR +4%. MT +4%. SPPI +4%. DHT +4%.
  Losers: HOV -10%. FDO -8%. TSEM -7%. VG -5%. ANF -4%. 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!

• Friday, August 14, 2009

• 09:00 AM Premarket gainers: AIB +7%. THC +6%. ANF +5%. YSI +5%. ADSK +4%.
  Losers: KOG -5%. GNW -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!

• Thursday, July 30, 2009

• 17:08 PM Genworth Financial (GNW): Q2 EPS of -$0.11 misses by $0.27. Revenue of $2.5B (+4%) vs. $2.6B. Shares -6.5% AH. (PR) Comment!