Market Currents

• Wednesday, August 19, 2009

• 20:20 PM Harman International Industries (HAR): FQ4 EPS of -$0.45 beats by $0.15. Revenue of $668M (-37%) vs. $669M. (PR) Comment!
• 00:10 AM Notable earnings after Wednesday's close: HAR, HOTT, JDSU, LTD, NTAP, PETM, SNPS Comment!

• Thursday, July 23, 2009

• 12:52 PM The SEC brings charges against the CEO of Al-Raya Investment Co. over suspicious trading profits of more than $5M in Harman International (HAR), in connection with the "Fake Sheik" false-takeover story, and in Textron (TXT). 1 Comment

• Monday, July 20, 2009

• 12:54 PM Fake Sheik strikes again? Car-stereo maker Harman International (HAR) - already up 38% in the past couple of weeks - jumped 3.3% at the open after a faxed news release said an Arabian wealth manager planned a near-100% premium hostile bid. But Harman hasn't heard of the investor, and neither has anyone else; HAR now down 6.8%. Comment!
• 09:00 AM Premarket gainers: HGSI +247%. CIT +84%. HAR +17%. HEB +8%. CTIC +8%. RHT +7%. LYG +7%. ABK +5%. LVS +5%. HL +4%. NXG +4%. CAT +4%. HAL +4%. TGB +4%. AUY +4%. INFY +4%. HAS +4%. HMY +4%. HBC +4%. ERX +4%. GSK +4%.
  Losers: RT -9%. WFT -8%. FXP -7%. 1 Comment

• Wednesday, May 13, 2009

• 13:15 PM S&P leaders: GM +7%. MRK +3%. PFE +3%. FHN +3%. JEC +3%. Laggards: GNW -24%. LIZ -23%. ODP -18%. MTG -16%. FITB -15%. DDR -15%. HBAN -14%. AKS -14%. HIG -13%. ATI -12%. GT -12%. ACAS -12%. IP -12%. MI -12%. MTW -12%. AIG -12%. RF -11%. JNY -11%. UIS -11%. PLD -11%. DOW -10%. CBG -10%. GCI -11%. MEE -10%. ZION -10%. TEL -9%. TIE -9%. LUK -9%. HAR -9%. MWV -9%. AA -9%. NUE -9%. XL -9%. WYN -9%. AIV -9%. MAS -9%. Comment!

• Tuesday, May 5, 2009

• 13:28 PM David Einhorn's Greenlight Capital continued to add to its holdings of Ford (F) debt in Q1, snapping up high-yield loans at $0.37 on the dollar. "It does not appear that Ford will need a government loan any time soon, if ever," he told investors in a letter. Greenlight also added “significant long positions” in EMC and Harman (HAR). Comment!

• Wednesday, April 29, 2009

• 16:41 PM Harman International (HAR): FQ3 EPS of -$0.84 misses by $0.40. Revenue of $598M (-42.1%) vs. $668M. Suspends dividend. Shares -4.6% AH. (PR) Comment!
• 15:10 PM Notable earnings after Wednesday's close: AEM, AFL, AIZ, AKAM, AMKR, ANH, ARRS, AVB, BDN, BMR, BXP, CBG, CBL, CCI, CDNS, CLF, CNQR, CTXS, CVD, DRC, DRE, DTE, EQR, ERJ, ESRX, ESS, FLEX, FLS, FSLR, GERN, GNK, HAR, HGSI, HIW, ICO, JDSU, LSI, O, OI, OII, OKE, ORLY, OSIP, PLD, STR, RYL, SBUX, STM, TCO, TER, TRN, UNM, URI, V, VAR, WLL, WLT, WSH Comment!
• 00:10 AM Notable earnings after Wednesday's close: AEM, AFL, AIZ, AKAM, AMKR, ANH, ARRS, AVB, BDN, BMR, BXP, CBG, CBL, CCI, CDNS, CLF, CNQR, CTXS, CVD, DRC, DRE, DTE, EQR, ERJ, ESRX, ESS, FLEX, FLS, FSLR, GERN, GNK, HAR, HGSI, HIW, ICO, JDSU, LSI, O, OI, OII, OKE, ORLY, OSIP, PLD, STR, RYL, SBUX, STM, TCO, TER, TRN, UNM, URI, V, VAR, WLL, WLT, WSH Comment!

• Wednesday, February 4, 2009

• 16:16 PM Harman (HAR): FQ2 EPS of $0.18 misses by $0.35. Revenue of $756M (-29.1%) vs. $798M. Plans to shave another 1,100 bringing total to 2,000. Shares -19.3% AH. (PR) Comment!
• 15:10 PM Notable earnings after Wednesday's close: AIZ, AKAM, ATML, ATW, AVB, BMC, CBL, CNQR, CSCO, EFX, EOG, EQR, FMC, HAR, HRS, NDN, NVLS, ONNN, PHM, PRU, REG, SUN, THQI, TMK, V, XRAY Comment!
• 00:10 AM Notable earnings after Wednesday's close: AIZ, AKAM, ATML, ATW, AVB, BMC, CBL, CNQR, CSCO, EFX, EOG, EQR, FMC, HAR, HRS, NDN, NVLS, ONNN, PHM, PRU, REG, SUN, THQI, TMK, V, XRAY Comment!

• Wednesday, October 29, 2008

• 15:10 PM Notable earnings after the close: AAP, ACAS, AEM, AMKR, AMP, ATML, AW, BGC, BMR, CA, CLF, CME, COG, CYH, DTE, EQ, EQR, FR, FRT, FSLR, GNK, HAR, HBI, HIG, HIW, HLX, HRS, ICO, JDSU, MET, MUR, OI, OIS, ORLY, PRU, RNWK, SANM, SIRF, SPF, STR, SYMC, TRN, V, VCLK, WLL Comment!
• 00:10 AM Notable earnings after Wednesday's close: AAP, ACAS, AEM, AMKR, AMP, ATML, AW, BGC, BMR, CA, CLF, CME, COG, CYH, DTE, EQ, EQR, FR, FRT, FSLR, GNK, HAR, HBI, HIG, HIW, HLX, HRS, ICO, JDSU, MET, MUR, OI, OIS, ORLY, PRU, RNWK, SANM, SIRF, SPF, STR, SYMC, TRN, V, VCLK, WLL Comment!