Market Currents

• Wednesday, December 23, 2009

• 13:12 PM Dow leaders: MCD +0.7%. KFT +0.5%. TRV +0.4%. AA +0.4%. VZ +0.4%.
  Dow laggards: MRK -1.5%. HD -1.4%. JPM -0.9%. BAC -0.9%. Comment!
• 10:30 AM Dow leaders after one hour: BA +0.7%. CAT +0.6%. PFE +0.5%.
  Laggards: HD -1.6%. MRK -0.8%. JPM -0.8%. DIS -0.7%. PG -0.7%. AA -0.7%. Comment!

• Monday, December 21, 2009

• 13:28 PM Dow leaders: AA +8.2%. PFE +2.8%. INTC +2.7%. JPM +2.3%.
  Dow laggard: PG -0.3%. Comment!
• 10:02 AM Dow leaders early on: AA +6.6%. JPM +2.7%. INTC +2.6%. BAC +2.1%. PFE +1.9%. MRK +1.8%. TRV +1.3%.
  Laggards: PG -0.3%. Comment!

• Friday, December 18, 2009

• 13:32 PM Dow leaders: INTC +3.1%. HPQ +1.8%. MSFT +1.5%. JPM +1.4%. BAC +1.4%.
  Dow laggards: BA -2%. PG -1.1%. CAT -0.6%. TRV -0.5%. AXP -0.5%. Comment!

• Thursday, December 17, 2009

• 13:25 PM Dow leaders: GE +1.3%. VZ +0.4%. XOM +0.4%.
  Dow laggards: JPM -2.6%. AXP -2.1%. DIS -2.1%. KO -2%. Comment!

• Wednesday, December 16, 2009

• 14:08 PM Dow leaders: AA +1.9%. JPM +1.7%. DD +1.7%. KFT +1.4%. AXP +1.3%.
  Dow laggards: INTC -1.9%. TRV -1.5%. BA -1.2%. MMM -0.8%. Comment!
• 08:53 AM Washington Mutual wants a federal court to grill the Fed, the Treasury and a dozen others over its seizure and fire sale to JPMorgan (JPM) a year ago. WaMu accuses JPM of disclosing confidential information to government officials and others in an effort to harm WaMu's credit rating and stock price. 2 Comments

• Tuesday, December 15, 2009

• 15:53 PM More credit-card default and late-payment reports: JPMorgan Chase (JPM -2.2%): defaults up to 8.8%, delinquencies fall to 4.9%; BofA (BAC -2.9%): defaults down to 13%, delinquencies up to 7.69%; Citigroup (C -3.8%): defaults up to 10.29%, delinquencies up to 5.81%. Discover (DFS -2.7%): defaults up to 8.98%; delinquencies down to 5.65%. 3 Comments
• 11:15 AM Dow leaders: HD +1%. DD +0.9%. DIS +0.7%. MMM +0.7%. HPQ +0.6%.
  Dow laggards: BAC -2.1%. JPM -1.6%. PG -1.2%. T -1.2%. Comment!

• Monday, December 14, 2009

• 15:18 PM Dow leaders: JPM +2.2%. HD +1.8%. MRK +1.6%. DD +1.6%. CAT +1.6%.
  Dow laggards: XOM -4.7%. WMT -1.2%. CVX -0.8%. VZ -0.4%. PFE -0.3%. Comment!

• Saturday, December 12, 2009

• 08:00 AM ProPublica does the heavy lifting in digging up details of the mortgage modifications, breaking down the slow-moving program with a detailed chart that highlights the difficulties (especially at the big four - [[BAC]], [[JPM]], [[WFC]], [[C]]). 1 Comment

• Friday, December 11, 2009

• 15:15 PM Dow leaders: AA +7.3%. BAC +2.3%. GE +2.2%. UTX +2.1%.
  Dow laggards: INTC -1.2%. JPM -1%. CSCO -1%. HPQ -0.2%. Comment!
• 10:38 AM Dow leaders after one hour: AA +6.1%. UTX +1.8%. MCD +1.3%. HD +1.1%.
  Dow laggards: JPM -0.6%. INTC -0.6%. CSCO -0.3%. Comment!
• 09:27 AM Treasury's TARP-related warrants to buy JPMorgan Chase (JPM) shares were reportedly priced at $10.75, meaning the agency expects proceeds of $936M from the sale, which should be reported today and close on Wednesday. 1 Comment
• 08:53 AM JPMorgan (JPM) was back in the market with a $500M mortgage-backed securities offering, the third such issue of commercial MBS it has launched in the past month following a year's absence, sources say. Real estate companies are taking advantage of investor appetite for the securities to pay down maturing debt. The JPM issue is backed by debt on 55 retail properties. Comment!