Market Currents

• Thursday, October 22, 2009

• 14:07 PM Janus Capital (JNS) down 10.5% after a conference call noting "pretty significant" outflows - $2.5B a quarter - from its quantitative-manager Intech unit. Interim Janus CEO Tim Armour blamed the outflow on large-cap underperformance and rebalancing into fixed-income portfolios. Earnings earlier missed estimates on 17% lower revenue. Comment!
• 08:52 AM Janus Capital Group (JNS): Q3 EPS of $0.05 misses by $0.10. Revenue of $228M (-17.4%) vs. $225M. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AUO, BDK, BG, BMY, CBE, CELG, CHKP, CIT, CNX, DAL, DHR, DO, DOW, EMC, ERIC, ESV, ETR, FITB, GR, HBAN, HOT, HSY, JBLU, JNS, KMB, LCC, LH, LM, MCD, MJN, MMM, MRK, NCR, NIHD, NUE, NVS, NYT, ORI, OXY, PDS, PLD, PM, PNC, POT, R, RAI, RGC, RS, RTN, RX, SGP, STI, SY, T, TASR, TIN, TMO, TRA, TRV, UNP, UPS, XRX, ZMH Comment!

• Wednesday, July 15, 2009

• 09:01 AM Premarket gainers: GCI +20%. ALU +12%. AMD +8%. INTC +7%. AIB +6%. MT +6%. ING +6%. TGB +6%. AXA +5%. PMI +5%. TSM +5%. HMY +5%. MI +5%. HBC +5%. GNK +5%. HL +4%. BCS +4%. TIE +4%. AKS +4%. NOK +4%. RCL +4%. YGE +4%. VALE +4%. IGT +4%. AUY +4%. COF +4%. EXM +4%. FCX +4%. X +4%. MU +4%. ABX +4%. UBS +4%. DB +4%. Whoa!
  Losers: PAR -22%. JNS -8%. YUM -4% 1 Comment

• Tuesday, July 14, 2009

• 17:49 PM Janus Capital Group (JNS) down 9.2% AH after announcing that CEO Gary Black has resigned and reporting Q2 EPS of $0.10, beating by $0.03, on revenue of $200M (-34%) vs. $180M. (PR) Comment!

• Thursday, April 23, 2009

• 00:05 AM Notable earnings before Thursday's open: ABC, ALXN, AN, AVT, BDK, BG, BLL, CBE, CIT, CLS, CME, CNX, COP, CP, DHR, DO, EMC, ESI, ESV, EXC, FITB, GMT, GR, HSY, IGT, IVZ, JNS, LCC, LLL, MAR, MI, NCR, NCX, NIHD, NOV, NUE, OMTR, OXY, PENN, PM, PNC, POT, RCL, RS, RSH, RTN, RX, SCG, SEIC, SIAL, STI, SU, SVU, TCB, TMO, UNP, UPS, ZMH 1 Comment

• Monday, February 23, 2009

• 14:03 PM S&P 500 laggards: HUM -22%. UNH -14%. HBAN -13%. GNW -13%. GGP -13%. JNS -11.5%. X -11.5%. AKS -11%. CVH -11%. MBI -11%. DYN -11%. MEE -11%. GT -10%. TIE -10%. Comment!
• 12:20 PM S&P downgrades Janus (JNS) to junk (BB+), sending shares reeling. "Janus has been harder hit than most other rated asset managers during the global plunge in stock prices, because it is primarily an equity shop," S&P says. JNS recently -12% to $3.94. Comment!

• Thursday, January 22, 2009

• 08:24 AM Janus Capital Group (JNS): Q4 EPS of $0.05 beats by $0.02. Revenue of $177.1M vs. $202.65M. Shares (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, AUO, AVT, BAX, BBT, BEN, CIT, CMA, CY, EAT, ESI, EXC, FITB, HBAN, IGT, JNS, KEY, LMT, LUV, MTB, NITE, NOC, NOK, ORI, POT, SHW, STI, TCB, TSM, UNH, UNP, UST Comment!

• Tuesday, December 9, 2008

• 14:51 PM Despite being among the worst-performing asset-manager stocks year-to-date, there's little upside to Janus Capital (JNS -3%), Sandler O'Neill says, downgrading. Less than 30% of JNS's funds are beating peer-group averages, yet shares trade at a 35% premium to its rivals. Comment!

• Thursday, December 4, 2008

• 14:54 PM Stocks of asset managers (TROW, AB, FII, JNS) were among the first to signal the end of the bull. Today, they're outperforming to the upside. "Mr. Market tends to tell a story," Doug Kass says. Comment!

• Thursday, October 30, 2008

• 13:06 PM Money manager Janus Capital (JNS +7.1%) may emerge as an attractive acquisition target as credit markets improve, JP Morgan says, citing its franchise value and brand recognition. It notes investors are aware of short-term performance weakness, and says the risks are now largely priced into the stock. Comment!

• Thursday, October 23, 2008

• 08:36 AM Janus Capital Group (JNS): Q3 EPS of $0.24 in-line. Revenue of $275M (-9.5%) vs. $280M. Shares +0.1%. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AAI, ALK, ALXN, AMTD, AUO, AVT, BC, BEN, BG, BMY, CBE, CCE, CELG, CNX, DO, DOW, ECA, ECL, ELN, EME, EPD, EQT, ESI, ESV, F, FLIR, GR, HOT, JBLU, JCI, JNS, LCC, LH, LLL, LLY, LTM, LVLT, MO, NIHD, NOV, NYT, ORI, PCZ, PDS, PLD, POT, RGC, RHD, RSH, RTN, RX, SO, STI, TMO, TRA, UNP, UPS, XEL, XRX, ZMH Comment!

• Thursday, July 24, 2008

• 00:02 AM Notable earnings before Thursday's open I: ABC, ABI, AN, ASH, AUO, BBI, BBW, BC, BDX, BEN, BG, BMY, BNI, CACH, CBE, CELG, CPS, DAI, DO, DOW, ECA, ECL, ELN, ESI, ESV, EVR, F, FCL, FLIR, FRZ, GR, HOT, HTV, IMCL, IVGN, IVZ, JNS, KCI, KMB Comment!