Market Currents

• Thursday, April 23, 2009

• 09:00 AM Premarket gainers: NUVA +18%. ACOR +18%. RCL +15%. PTV +14%. FITB +13%. JBLU +12%. CS +10%. HBAN +10%. SLM +10%. ETFC +10%. BCS +10%. FIG +9%. LVS +7%. HIG +7%. IFX +7%. LCC +7%. EBAY +7%. DAI +5%. PNC +5%. RF 5%. AAPL +5%. GM +5%. KEY +5%. SHY +5%. MGM +5%.
  Losers: VMW -16%. LOGI -11%. BG -9%. CIT -9%. TMO -8%. PKY -8%. TRH -5%. EMC -5%. 1 Comment

• Tuesday, April 21, 2009

• 09:00 AM Premarket gainers: ELX +43%. THC +23%. COH +8%. HOGS +7%. GM +5%. UNH +4%.
  Losers: ZION -24%. HBAN -23%. FITB -16%. NTRS -14%. KEY -12%. BJS -12%. RF -12%. MGM -11%. ETFC -11%. IFX -11%. BAC -10%. BRCM -9%. BK -9%. C -8%. DT -8%. STT -8%. LVS -7%. DOW -6%. APOL -6%. STI -6%. COF -5%. PUK -5%. HIG -5%. CAT -5%. PNC -5%. Comment!

• Monday, April 20, 2009

• 09:00 AM Premarket gainers: JAVA +37%. PPHM +23%. PBG +18%. QTM +10%. LVS +6%. CDE +5%. HMY +5%. PALM +4%. AIB +4%. DNDN +4%. AUY +4%.
  Losers: BBEP -30%. MT -9%. ING -9%. BCS -8%. CSE -8%. DB -8%. BAC -8%. HBC -8%. C -8%. MGM -7%. IAG -7%. RTP -7%. ETFC -7%. COF -6%. ALU -6%. WFC -6%. RF -6%. ACAS -6%. CCL -6%. HBAN -6%. ERIC -5%. ORCL -5%. IFX -5%. TCK -5%. SOL -5%. NVDA -5%. PHG -5%. Comment!

• Tuesday, April 14, 2009

• 09:01 AM Premarket losers: AIB -11%. QGEN -8%. ABK -8%. RBS -7%. SXL -6%. MT -4%. AXA -5%. TS -4%. MS -4%. AXP -3%. GS -3%. IFX -4%. CS -3%. TOT -3%. USB -3%. BP -3%. UN -3%. AAUK -3%. RDS.A -3%. Comment!

• Wednesday, April 8, 2009

• 09:00 AM Premarket gainers: CTX +31%. LNC +27%. HIG +26%. GNW +24%. PFG +24%. SPF +29%. PNX +21%. CNO +17%. BBBY +14%. HOV +14%. PRU +12%. GT +10%. MTG +11%. JNPR +9%. MET +9%. LEN +8%. IFX +8%. MGM +7%. AU +6%. PLD +7%. KG +6%. ETFC +6%. CENX +6%. S +5%. DRYS +4%. ACAS +4%. F +4%. LVS +4%.
  Losers: AIB -11%. SAY -8%. MOS -4%. AAUK -3%. Comment!

• Monday, April 6, 2009

• 09:09 AM UBS upgrades Infineon (IFX) to Buy, citing the likelihood of government-backed debt financing. Firm doesn't think Germany will allow its car industry's primary chip supplier to collapse. IFX +15% premarket to $1.47. Comment!
• 09:00 AM Premarket gainers: IFX +15%. SAY +13%. DNDN +12%. SLM +8%. RFMD +6%. MGM +5%. CNO +5%. LVLT +5%. GM +5%. CENX +5%.
  Losers: JAVA -22%. RTP -10%. CBST -6%. UBS -7%. HL -6%. USB -6%. CDE -5%. BCS -5%. DB -5%. MT -4%. ETFC -4%. FITB -4%. BHP -4%. WFC -4%. STI -4%. GNW -4%. HIG -4%. BAC -4%. RDS.A -4%. MTL -4%. 1 Comment

• Thursday, March 26, 2009

• 09:00 AM Premarket gainers: LVLT +17%. BCS +17%. LMC +12.5%. ACAS +12%. LYG +11%. RHT +11%. GM +10%. BBY +10%. AIG +8%. HOV +8%. TMS +7%. CNO +7%. HBAN +7%. RTP +6%. FIG +6%. DRYS +6%. FITB +5%. STM +5%. IFX +5%. AEG +5%. STX +5%. MU +5%. Comment!

• Monday, March 23, 2009

• 09:00 AM Banks and asset managers - beneficiaries of the Treasury's plan - are spiking in premarket trade: CNB +37%. GGP +36%. DPTR +35%. LYG +34%. FNM +33%. FRE +30%. ABK +25%. C +21%. BCS +20%. ING +20%. AIB +18%. BAC +16%. CENX +15%. HBAN +15%. IFX +13%. FITB +12%. RTP +12%. STI +11%. USB +11%. ETFC +10%. GNW +10%. BX +10%. RF +9%. WFC +10%. 3 Comments

• Thursday, February 12, 2009

• 11:08 AM "It is not easy for me to get up in front of you today... I can well understand that some of you are angry... and even furious," Infineon (IFX) CEO tells shareholders at annual meeting today. From $11 in May 2008, IFX is now a penny stock, -5.3% to $0.90. Comment!

• Friday, February 6, 2009

• 04:41 AM Infineon (IFX): FQ1 loss of €404M ($516M), better than the €547M loss analysts predicted. Sales fell 24% to €830M. Sees revenue down 10% sequentially. “Despite extremely challenging market conditions, our first quarter results held up reasonably well.” Shares +9.6% in Frankfurt. (PR) Comment!

• Friday, January 23, 2009

• 08:52 AM Nary a month after securing €325M in emergency loans, Qimonda (QI) files for bankruptcy. "The insolvency petition is the result of the massive drop in prices in the DRAM industry and dramatically decreased access to financing on the capital markets." 77.5% stakeholder Infineon (IFX) -5.6% in Frankfurt. 1 Comment

• Thursday, January 8, 2009

• 12:33 PM A raid was conducted several months ago against STMicroelectronics (STM), Infineon Technologies (IFX) and Renesas, says the European Commission, on suspicions the firms were colluding with each other on microchips. Comment!

• Sunday, December 21, 2008

• 10:45 AM After warning it could run out of cash, German memory chip maker Qimonda (QI) gets a €325M cash infusion from its biggest shareholders, including a €75M loan from 77.5% stakeholder Infineon (IFX). Last week the world’s #2 memory chipmaker, Hynix, sliced production, which may help clear out a worldwide glut. Comment!

• Friday, November 28, 2008

• 09:13 AM Premarket losers: IFX -14.5%. CHK -13%. FRO -12.5%. PBR -8.5%. MT -8%. BTI -7%. RIO -6%. UBS -6%. TOT -5%. SAP -5%. Comment!

• Wednesday, November 26, 2008

• 09:06 AM Premarket losers: BCE -39.5%. RTP -15%. YGE -13%. JASO -12%. TIF -11%. LCC -11%. DE -9%. ING -8%. IFX -7%. UBS -6%. AAUK -5%. ALU -5%. Comment!