Market Currents

• Thursday, December 17, 2009

• 09:00 AM Premarket gainers: FUN +24%. APWR +7%. DPTR +5%. PIR +4%.
  Losers; YONG -10%. C -9%. HOV -8%. SQNM -7%. LYG -7%. BQI -6%. EZCH -6%. FRE -6%. PCS -5%. AIB -5%. BCS -5%. FNM -5%. HOG -5%. LDK -4%. AEM -4%. CNO -4%. AU -4%. FDX -4%. DB -4%. Comment!

• Tuesday, December 15, 2009

• 09:45 AM Bernstein sends some positive waves to Leap Wireless (LEAP +2.8%) and MetroPCS (PCS +5.1%), saying the recent selloff over concerns of heightened competition in pre-paid wireless is overdone, although it concedes the market is "structurally unstable." Firm says that by focusing on densely populated areas, LEAP and PCS will achieve profitability comparable to the major carriers even at much lower prices. Comment!

• Friday, November 20, 2009

• 08:20 AM Deutsche Telekom (DT) is reportedly seeking a partner for T-Mobile, one that could help it finance investments in networks with fast data transfers. MetroPCS (PCS), Clearwire (CLWR) and AT&T (T) are all potential candidates, but the company might also look for a purely financial investor from outside the sector. 1 Comment

• Thursday, November 5, 2009

• 09:00 AM Premarket gainers: LAMR +16%. R +16%. ONNN +8%. DYN +7%. DIRI +7%. IRE +5%. BCRX +5%. NVAX +5%. MGM +5%. PCS +5%. CTIC +4%. CVM +4%. ING +4%. TRA +4%. QCOM +4%. AIB +4%. FNM +4%. CSCO +4%. CNO +4%. AMMD +4%.
  Losers: CVS -10%. AEO -10%. ARO -10%. WFMI -10%. DPTR -9%. BEE -8%. CF -7%. ATPG -7%. ABK -6%. Comment!
• 08:41 AM MetroPCS Communications (PCS): Q3 EPS of $0.21 beats by $0.12. Revenue of $895M (+30.4%) vs. $869M. (PR) Comment!
• 00:05 AM Notable premarket earnings: ALD, BVF, CAH, CDE, CI, CNQ, CTL, CVS, DNR, DPS, DPTR, DTV, DYN, FTO, GNA, HK, KG, KIM, LAMR, MAC, MF, MGM, NDAQ, OCR, PCS, PXP, RRI, SE, SIRI, SLE, TDC, TWC, WEN, WW Comment!

• Saturday, October 31, 2009

• 08:00 AM MetroPCS (PCS) CEO Roger Linquist thinks it's time to shake up the cozy oligopoly of mobile phone providers with a nice price war, and envisions the $10 phone bill. As the local and long distance markets have withdrawn, the Big Four wireless networks take in more money than ever on carrying more calls than ever and own 90% of the market. Comment!

• Thursday, October 1, 2009

• 13:25 PM Leap Wireless (LEAP -10.3%) and MetroPCS (PCS -7.2%) are downgraded to Neutral by J.P. Morgan on worries about saturation and competition in the discount wireless market. Both stocks have shed about half their value in four months. 2 Comments

• Monday, September 21, 2009

• 13:31 PM After earlier rumors that MetroPCS (PCS +1.6%) might merge with Leap Wireless (LEAP), new reports from Financial Times bloggers on a potential $5B hookup with T-Mobile USA (DT) have bullish PCS options surging. (previously) Comment!

• Friday, September 11, 2009

• 15:03 PM MetroPCS (PCS) spikes 12% amid rumors of merger talks with Leap Wireless (LEAP +4.2%) and reports from Reuters that MetroPCS is talking not to Leap but to banking advisers about potential deals. [[PCS]] now up 7.6%. Comment!

• Monday, August 24, 2009

• 14:52 PM Few rallies have been as broad-based as the one that started after the March 9 low, Floyd Norris writes - which shines a light on the five S&P 500 stocks that are down 4% since then, led by MetroPCS (PCS) and Cephalon (CEPH). 2 Comments

• Thursday, August 6, 2009

• 09:00 AM Premarket losers: OCNF -17%. EAT -14%. PCS -11%. BKE -11%. EXM -11%. ANPI -10%. KLIC -9%. DPTR -8%. IO -7%. DCP -7%. INO -5%. OSK -5%. STEC -5%. ACAD -5%. CNQR -4%. TKC -4%. EGLE -4%. ARO -4%. Comment!
• 07:18 AM MetroPCS Communications (PCS): Q2 EPS of $0.07 misses by $0.07. Revenue of $860M (+27%) vs. $862M. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AEE, ARE, BVF, BX, CLR, CMCSA, CNQ, CSE, CSIQ, CTL, DPTR, DSX, DTV, EAT, EP, FTO, FUQI, GLG, GNA, HPT, HUN, IAG, KG, LAMR, LINE, LXP, MF, MPEL, NDAQ, PCS, PXP, SIRI, TDC, TTI, WEN, WIN, WMB, WNR Comment!

• Tuesday, June 23, 2009

• 09:00 AM Premarket gainers: ALVR +15%. PCS +9%. BSX +8%. ETFC +7%. UBS +6%. MTL +5%. OCNF +5%. AAUK +5%. STJ +4%. CENX +4%. CF +4%. ACAS +4%.
  Losers: RMBS -10%. HALO -9%. CTIC -5%. Comment!

• Thursday, May 7, 2009

• 06:46 AM MetroPCS Communications (PCS): Q1 EPS of $0.12 beats by $0.03. Revenue of $795M (+20.1%) vs. $818M. (PR) Comment!