Market Currents

• Monday, November 9, 2009

• 10:51 AM Car parts maker Lear (LEA) emerges from bankruptcy protection with less than $1B in debt, down from about $3.8B. Shares to begin trading on a "when issued" basis today, and regularly within several days. CEO Bob Rossiter says he's committed to "maintaining a disciplined financial profile" that will allow Lear to "continue investing in new products and technologies globally, as well as growth in emerging markets." Comment!

• Wednesday, July 1, 2009

• 16:58 PM As expected last week, auto-seat maker Lear (LEA) files for Chapter 11 bankruptcy, the eighth major auto-part supplier to do so since 2005. Shares dropped 27% AH to $0.35. Comment!

• Friday, June 26, 2009

• 08:53 AM Lear (LEA), the world's largest maker of auto seats, is preparing to file for bankruptcy as soon as next week. Shares are -17% premarket after falling 39% Thursday. 2 Comments

• Tuesday, June 16, 2009

• 09:00 AM Premarket gainers: EMKR +28%. ALVR +13%. HOV +11%. BZH +9%. LEA +9%. ACAS +8%. SAY +8%. SATC +8%. ESLR +6%. FRPT +6% BCS +5%. LYG +5%. HL +5%. RCL +4%. SQNM +4%. SOL +4%. EGLE +4%. S +4%.
  Losers: CPST -10%. APWR -9%. GENZ -6%. PCX -5%. CHU -4%. CTIC -4%. ACGY -4%. JAZZ -4%. Comment!

• Monday, June 15, 2009

• 09:00 AM Premarket gainers: BDSI +24%. HBAN +13%. CTIC +9%. IMMU +7%. HEB +4%. TQNT +4%.
  Losers: GNBT -11%. IRE -9%. LNC -8%. AAV -7%. AIB -7%. LEA -7%. CENX -6%. RTP -6%. STM -6%. TGB -6%. SAY -5%. ESLR -5%. CIT -5%. MT -4%. JASO -4%. Comment!

• Thursday, June 11, 2009

• 09:01 AM Premarket gainers: HGSI +23%. CPST +20%. EMKR +10%. DLM +10%. ESLR +7%. NMR +6%. RBS +6%. AIB +4%. BCS +4%. SAY +4%. RF +4%. LEA +4%.
  Losers: AGEN -9%. LULU -8%. UNH -7%. EVEP -6%. CTIC -7%. MI -7%. FNB -5%. SQNM -5%. LVLT -4%. JASO -4% Comment!

• Wednesday, June 10, 2009

• 09:09 AM Premarket gainers: PPHM +21%. AXL +13%. SAY +12%. ESLR +10%. ISLE +10%. LEA +10%. FRO +8%. ETFC +8%. DAN +7%. OMC +7%. SOL +8%. DPTR +6%. CENX +6%. NVAX +6%. RTP +6%. BQI +5%. XL +5%. UBS +5%. JASO +5%. CSUN +5%. OPWV +5%. HBC +4%. RCL +4%. LDK +4%.
  Losers: CNB -26%. SINA -7%. LHO -6%. SQNM -4%. 1 Comment

• Friday, May 22, 2009

• 09:00 AM Premarket gainers: SHLD +21%. ARUN +19%. AIB +17%. CGRB +15%. EXM +16%. ADSK +15%. ASAY +12%. LEA +10%. FBC +9%. QGEN +8%. CNB +5%. EGLE +5%. KFN +4%. BCS +4%. HEB +4%. AAUK +4%. PBI +4%.
  Losers: RRGB -12%. CRM -9%. LDK -6%. AIG -6%. Comment!

• Thursday, May 21, 2009

• 09:00 AM Premarket gainers: SMRT +36%. DDUP +33%. TSRA +29%. VICL +20%. BPI +14%. BRCD +10%. CSIQ +8%. GM +7%. PLAB +7%. THC +6%. NCS +4%. HEB +4%.
  Losers: ZZ -36%. ESLR -19%. RF -17%. MF -12%. HOTT -12%. GME -11%. PETM -7%. LEA -9%. STP -7%. FITB -6%. HBAN -6%. HTZ -6%. OCNF -5%. DPTR -4%. PCX -4% Comment!

• Thursday, May 14, 2009

• 07:08 AM Lear (LEA): Q1 EPS of -$3.42 misses by $1.69. Revenue of $2.17B (-43.8%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AMSC, AEG, GIL, IAG, KSS, LEA, PBH, SNE, URBN, WMT Comment!

• Tuesday, May 12, 2009

• 09:00 AM Premarket gainers: CNB +38%. FCL +36%. STEC +32%. FTBK +19%. CTRP +18%. ICO +16%. WINN +16%. BCON +14%. MBI +11%. HUN +11%. PMI +10%. JRCC +10%. MEE +8%. INCY +8%. DPTR +8%. PCX +8%. ACI +7%. UCBH +7%. ABK +7%. LEA +6%. CNO +6%. KOG +6%. BQI +6%. TXT +6%. AMD +5%. DRYS +5%. HBAN +5%. FLR +5%. ARMH +5%. Comment!

• Friday, March 20, 2009

• 08:58 AM Premarket gainers: LEA +23%. AIB +11%. C +8%. UBS +6%. ETFC +7%. AAUK +5%. F +4%. E +3%. Comment!

• Thursday, January 29, 2009

• 07:25 AM Lear (LEA): Q4 EPS of -$8.91 including goodwill impairment of $530M and restructuring costs of $194M vs. consensus of -$1.21. Revenue of $2.6B (-32.6%) vs. $2.8B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AEP, AMB, AN, AZN, BC, BDK, BLL, CAL, CELG, CL, CNX, D, EK, EQT, ERIC, F, FCS, FO, GNTX, HOT, HP, IP, ITW, JBLU, LCC, LEA, LLL, LLY, MMM, MO, MPW, NWL, OSK, OXY, PCZ, RCL, RDS.A, RTN, SEIC, SII, SNE, TKR, TROW, TXT, XEL, YRCW, ZMH Comment!

• Tuesday, December 23, 2008

• 16:13 PM U.S. auto-part suppliers (VS, AXL, TEN, LEA) will take unusual steps in the coming weeks - including cash-on-delivery, price hikes, and telling workers to telecommute on Fridays - as they look to survive a brutal Q1. Comment!