Market Currents

• Wednesday, October 28, 2009

• 16:29 PM Lincoln National (LNC): Q3 EPS of $0.84 beats by $0.08. Revenue of $2.1B (-8%) vs. $2.4B. Shares +4.7% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: AEM, AFL, AKAM, AVB, BDN, CBG, CDNS, CERN, DRE, EQR, ESRX, FSLR, GNK, HGSI, HLX, LNC, LSI, NLY, O, OI, ORLY, RYL, STR, SYMC, TER, TRN, XL Comment!

• Wednesday, August 19, 2009

• 07:45 AM Continuing an industry trend of consolidation, Australian I-bank Macquarie Group will buy U.S. asset manager Delaware Investments from Lincoln National (LNC) for $428M. The deal will raise Macquarie's total assets under management to over $300B. Comment!

• Wednesday, July 29, 2009

• 16:30 PM Lincoln National (LNC): Q2 EPS of $0.81 misses by $0.02. Revenue of $2B (-22%) vs. $2.5B. Shares -0.6% AH. (PR) Comment!
• 00:10 AM Notable earnings after Wednesday's close: AEM, AFL, AIZ, AKAM, AMKR, AVB, BARE, BMR, CBG, CCI, CDNS, CERN, CLF, CTV, DRE, ELY, EQR, ESRX, FISV, FLEX, FLS, FMC, GG, GMCR, GNK, HBI, HIG, HIW, HLX, LNC, LRCX, LSI, MTZ, O, OI, ORLY, RYL, SYMC, TER, TRN, TSO, URI, V, VAR, WLL, XRAY Comment!

• Monday, June 22, 2009

• 14:56 PM In the wake of Manulife's (MFC -14.3%) warning by Canadian regulators about insufficient disclosure of risks, other variable-annuity providers are tumbling: Hartford Financial (HIG -9.7%), Prudential (PRU -7.1%) and Lincoln Financial (LNC -5.8%) are on the decline. Comment!

• Wednesday, June 17, 2009

• 14:48 PM Similar caution advised for Lincoln National (LNC +0.2%), who - along with Hartford Financial (HIG) - is one of only two insurers to accept TARP loans. Invoking this comment: "If they are hurting this bad with credit spreads having come in as much as they have, then they were really on the verge of failure." 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!
• 07:45 AM Lincoln Financial (LNC) will accept federal bailout money and sell $600M of common stock as part of a plan to raise $2B. Shares -5.9% premarket. Comment!

• Friday, May 15, 2009

• 09:15 AM Premarket gainers: XOMA +35%. EXEL +24%. WX +14%. HIG +14%. LNC +13%. PL +11%. EEE +11%. FUQI +11%. NVAX +10%. ZLC +10%. YGE +9%. ENTU +8%. CNO +7%. LVS +7%. PRU +6%. PFG +6%. CNB +5%. STEM +5%. DRYS +4%.
  Losers: BBI -25%. GU -18%. FE -14%. IRE -8%. YRCW -9%. FIG -6%. IOC -6%. ANF -5%. VNDA -5%. JCP -4%. Comment!
• 07:21 AM After waiting a half-year, six insurers were cleared to receive up to $22B in TARP funds late Thursday. Hartford Financial (HIG) was approved for $3.4B; Lincoln National (LNC) said it may receive $2.5B; also approved were Allstate (ALL), Prudential Financial (PRU), Principal Financial Group (PFG), and Ameriprise Financial (AMP). 2 Comments

• Thursday, May 7, 2009

• 09:03 AM Premarket gainers: VNDA +808%. VG +65%. VICL +33%. COF +18%. CNO +17%. HBAN +17%. GNW +16%. BAC +15%. FITB +14%. C +14%. AIG +14%. KFN +13%. CIT +12%. CDNS +11%. GTE +12%. KNDL +11%. CSUN +11%. DFS +9%. IRE +10%. ANF +10%. UL +10%. LNC +10%. DDR +10%. MFG +9%. HIG +8%. CNB +9%. UCBH +9%. SIG +8%. STT +8%. PRU +8%. CPSL +8%. GCI +7%. ETFC +7%. ONNN +7%. ACAS +7%. ERX +7%. CVC +6%. PRGN +6%. ZION +6%. DRYS +6%. BK +6%. Comment!

• Wednesday, May 6, 2009

• 09:00 AM Premarket gainers: APAC +38%. ARM +23%. CKSW +22%. ACOR +21%. CROX +17%. AIB +17%. CTIC +16%. SUMT +17%. FIG +14%. LNC +14%. BEE +13%. ABK +11%. DAN +11%. PLT +11%. BYD +11%. HOV +9%. SRZ +9%. GNW +10%. ANR +8%. DIS +7%. CLF +7%. KFN +7%. BZH +7%. BAC +7%. HBC +6%. FITB +6%. BRCD +6%. BX +6%. DRYS +6%. HIG +5%. WFC +5%. EXM +5%. HMY +5%. ALU +5%. MGM +5%. COF +5%. AU +5%. CRXL +5%. GFI +5%. GERN +5%. Comment!

• Tuesday, May 5, 2009

• 16:33 PM Lincoln National (LNC): Q1 EPS of $0.66 misses by $0.05. Revenue of $2.25B (-13.4%) vs. $2.54B. Shares +7.8% AH. (PR) Comment!
• 15:10 PM Notable earnings after Tuesday's close: ARM, ATML, BRE, CEDC, CEPH, CRL, CTX, CUZ, DEI, DIS, ERTS, HLX, HRS, KGC, LNC, LVS, ONNN, PHM, PXD, UDR, UPL, VCLK, XCO Comment!
• 00:10 AM Notable earnings after Tuesday's close: ARM, ATML, BRE, CEDC, CEPH, CRL, CTX, CUZ, DEI, DIS, ERTS, HLX, HRS, KGC, LNC, LVS, ONNN, PHM, PXD, UDR, UPL, VCLK, XCO Comment!