Market Currents

• Monday, November 2, 2009

• 09:00 AM Premarket gainers: HGSI +33%. EAC +24%. TRA +12%. VRTX +11%. F +9%. AMLN +7%. DNDN +5%. AXL +5%. MOT +5%. CTIC +5%. PGR +5%. PRGO +5%. ALU +4%. MI +4%. JWN +4%. GNW +4%. THC +4%.
  Losers: CTXI -34%. AIB -10%. LDK -9%. NTES -5%. DSCO -4%. Comment!

• Wednesday, October 14, 2009

• 08:46 AM Progressive (PGR): Q3 EPS of $0.40 beats by $0.07. Revenue of $3.55B (+1.2%) in-line. Shares +3.6% premarket. (PR) Comment!

• Friday, September 11, 2009

• 09:52 AM Pricing in personal auto insurance "appears to be on the cusp of increasing," Goldman says, lifting shares of Progressive (PGR +1.3%) to Buy from Sell. "As rates harden, Progressive should benefit from both rate and volume increases." But firm downgrades Allstate (ALL -2%) to Sell, saying it could continue to shed market share in auto. 1 Comment

• Friday, July 10, 2009

• 00:05 AM Notable earnings before Friday's open: PGR Comment!

• Wednesday, April 15, 2009

• 09:40 AM Progressive Corp. (PGR) Q1 EPS 35 cents misses by 7 cents. Revenue $3.47B misses consensus by $10 million. [PR] Comment!

• Friday, October 10, 2008

• 00:05 AM Notable earnings before Friday's open: GE, HST, PGR Comment!

• Thursday, July 24, 2008

• 15:26 PM Auto insurers (ALL, PGR, MCY, STFC, TRV) are among the few financials cheering high gas prices. Parked cars = fewer fender benders. Comment!

• Thursday, July 10, 2008

• 06:31 AM Notable pre-market earnings: CHTT, FCSX, MAR, PGR Comment!