Market Currents

• Monday, November 2, 2009

• 16:08 PM Principal Financial Group (PFG): Q3 EPS of $0.74 beats by $0.09. Revenue of $2.3B (-9%) vs. $2.5B. Shares +0.4% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: APC, AXS, CAR, CHK, FST, HL, KGC, MNKD, PFG, RSG, SM, VMC Comment!

• Monday, August 3, 2009

• 16:08 PM Principal Financial Group (PFG): Q2 EPS of $0.69 beats by $0.06. Revenue of $2.2B (-19%) vs. $2.5B. (PR) 1 Comment
• 00:10 AM Notable earnings after Monday's close: APC, ARNA, ATML, AXS, CHK, CRK, CTX, EXR, FST, HOLX, PFG, PHM, STEC, VMC, WMS 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

• Monday, May 11, 2009

• 08:40 AM Capital One (COF), U.S. Bancorp (USB), BB&T (BBT) and Principal Financial Group (PFG) announce plans to raise capital and hope to pay back TARP loans. COF to sell 56M shares. USB to offer $2.5B in common stock. BB&T to sell $1.5B in shares. PFG to raise $1B in stock sales. Premarket: COF -8.2%. USB -4.9%. BBT -3.8%. PFG -7.2%. Comment!

• Monday, May 4, 2009

• 18:05 PM Principal Financial Group (PFG): Q1 EPS of $0.63 misses by $0.03. Revenue of $2.18B vs. $2.51B. Assets under management down 22% from a year ago to $237B. Shares +1.6% AH. (PR) Comment!
• 15:10 PM Notable earnings after Monday's close: AFG, CHK, CRK, DHI, EOG, EXR, FST, HCN, HLS, HOLX, MCK, MYGN, PFG, PPS, QGEN, SBAC, SM, TXRH, VMC Comment!
• 00:10 AM Notable earnings after Monday's close: AFG, CHK, CRK, DHI, EOG, EXR, FST, HCN, HLS, HOLX, MCK, MYGN, PFG, PPS, QGEN, SBAC, SM, TXRH, VMC Comment!

• Sunday, April 19, 2009

• 01:09 AM Battered along with the rest of the life insurance sector, Barron's says Principal Financial Group (PFG) has been unduly punished. Investors could see shares rise 50% within a year. 1 Comment

• Wednesday, April 8, 2009

• 09:00 AM Premarket gainers: CTX +31%. LNC +27%. HIG +26%. GNW +24%. PFG +24%. SPF +29%. PNX +21%. CNO +17%. BBBY +14%. HOV +14%. PRU +12%. GT +10%. MTG +11%. JNPR +9%. MET +9%. LEN +8%. IFX +8%. MGM +7%. AU +6%. PLD +7%. KG +6%. ETFC +6%. CENX +6%. S +5%. DRYS +4%. ACAS +4%. F +4%. LVS +4%.
  Losers: AIB -11%. SAY -8%. MOS -4%. AAUK -3%. Comment!
• 08:36 AM Insurance stocks are higher premarket after reports the Treasury will extend bailout funds to struggling life-insurance companies: LNC +25%. GNW +24%. HIG +23%. PFG +23%. PRU +12%. MET +10%. XL +8%. Comment!

• Thursday, April 2, 2009

• 14:20 PM Four months after asking for bailout funds, Hartford Financial (HIG), Protective Life Corp. (PL) and Principal Financial Group (PFG) are among a dozen insurers still waiting for an answer. 2 Comments

• Tuesday, March 24, 2009

• 13:15 PM S&P leaders at midday: ACAS +32.5%. IP +12.7%. AGN +10.9%. MTG +10.3%. HSP +8.4%. PFG +7.7%. MS +8%. X +7.8%. ASH +8.1%. JDSU +7.1%. Laggards: DYN -11.8%. HBAN -8.6%. MKC -8%. CME -6.7%. NWL -6.8%. MTB -6.2% Comment!

• Thursday, March 5, 2009

• 15:06 PM S&P leaders: CIEN +13.5%. FDO +13%. ADBE +4.5%. NEM +4%. MO +4%. Laggards: HIG -25%. MI -23%. MET -22%. USB -20%. LNC -19%. LIZ -18%. GM -18%. PRU -18%. PFG -17%. EK -17%. STT -17%. AA -17%. WFC -17%. COF -16%. SLM -16%. Comment!