Market Currents

• Thursday, December 24, 2009

• 09:50 AM Industry tracker DRAMeXchange says computer memory chips are likely to face a serious shortage in H2 2010 as consumers demand more capacity and companies embark on a delayed drive to replace PCs. Fir sees PC shipments up 13%, driven by notebooks and netbooks. Micron Technology (MU) +1.7%. Comment!

• Tuesday, December 22, 2009

• 16:08 PM Micron Technology (MU): FQ1 EPS of $0.23 beats by $0.16. Revenue of $1.74B (+24%) vs. $1.6B. Shares +3.6% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: CTAS, MU, RHT, TIBX Comment!

• Tuesday, November 3, 2009

• 09:00 AM Premarket gainers: BNI +29%. BDK +24%. KSU +11%. XOMA +7%. CSX +7%. UNP +7%. NSC +7%. SPPI +7%. BZ +6%. CTSH +5%. SWK +5%. BEXP +4%.
  Losers: HEB -17%. AIB -16%. RBS -10%. UBS -7%. HEP -6%. WYN -5%. RCL -5%. FOE -5%. CTIC -4%. VALE -4%. AEG -4%. F -4%. HGSI -4%. MGM -4%. STD -4%. MU -4%. Comment!

• Friday, October 2, 2009

• 09:00 AM Premarket gainers: CIT +8%. HEB +4%.
  Losers: AEG -8%. PCX -7%. HOV -7%. PGH -7%. ING -6%. AIB -6%. FIG -6%. MGM -6%. CVM -6%. LVS -5%. LYG -5%. RTP -5%. FRE -5%. ALU -5%. CNO -4%. SYN -4%. F -4%. FNM -4%. AMD -4%. RF -4%. ABK -4%. HIG -4%. SVA -4%. MU -4%. NOK -4%. Comment!

• Tuesday, September 29, 2009

• 16:12 PM Micron Technology (MU): FQ4 EPS of -$0.10 beats by $0.09. Revenue of $1.3B (-10%) in-line. DRAM sales up 28% sequentially due to 19% increase in volume and 8% increase in average price. NAND flash sales up 10% sequentially. Shares +1.9% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: DRI, JBL, MDRX, MU, NKE, WOR, ZZ Comment!

• Tuesday, September 8, 2009

• 09:00 AM Premarket gainers: CBY +42%. ORH +25%. HMY +9%. NG +8%. STM +7%. GFI +7%. LTXC +7%. SLT +6%. AUO +6%. NXG +6%. HL +6%. VICL +6%. LYG +6%. CCL +6%. STP +6%. ALV +6%. EGO +6%. NGD +5%. LVS +5%. PAL +5%. PHG +5%. AUG +5%. NOK +5%. MT +5%. MPEL +5%. BHP +5%. GE +5%. ING +4%. GBG +4%. YGE +4%. MU +4%. RMBS +4%. GSS +4%. FNM +4%. ALU +4%. JASO +4%. FCX +4%. NVAX +4%.
  Losers: OSIR -40%. KFT -5%. MCO -5%. AIG -4%. Comment!

• Friday, August 14, 2009

• 15:00 PM Rambus (RMBS +11.8%) can continue pursuing antitrust claims against memory-chip makers, after an appeals court denies Micron Technology's (MU -4.6%) petition to block them. Micron is named in the claims along with Samsung and Hynix Semiconductor. Comment!

• Wednesday, July 15, 2009

• 11:41 AM Intel's (INTC +7.5%) blowout Q2 has lifted the entire chip universe. AMD +9.3%. STM +8.7%. MU +4.9%. ATML +4.4%. NVDA +4.1%. ETFs: SMH +4.7%. IGW +4.3%. 2 Comments
• 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

• Thursday, June 25, 2009

• 16:19 PM Micron Technology (MU): FQ3 EPS of -$0.36 beats by $0.07. Revenue of $1B (-26%) in-line. Shares -5% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: ACN, MU, PALM, TIBX Comment!

• Tuesday, June 2, 2009

• 08:09 AM Micron Technology (MU) agrees to spin-off its imaging unit to two private-equity firms. The struggling company lost nearly $3B in the last two years and has had to fire thousands of employees. Comment!

• Friday, April 3, 2009

• 09:00 AM Premarket gainers: IRE +43%. AIB +41%. RIMM +26%. BBI +20%. RBS +13%. ING +8%. GILD +7%. BCS +7%. KIM +6%. AAUK +5%. RAD +4%. S +4%. LVS +4%. SI +4%. JASO +4%. UBS +4%. MGM +4%.
  Losers: NVO -8%. IIJI -8%. AU -8%. FITB -5%. MU -5%. ASX -4%. CDE -4%. MOT -4%. HMY -4%. Comment!

• Thursday, April 2, 2009

• 16:10 PM Micron Technology (MU): FQ2 EPS of -$0.97 misses by $0.33. Revenue of $1B vs. $1.14B. Shares -9.1% AH. (8-K) 1 Comment