Market Currents

• Tuesday, December 22, 2009

• 11:16 AM Downgrades from S&P for five mortgage insurers, bringing two of them to the brink of junk. The firm had put seven insurers on downgrade watch in October. Lowered today: Old Republic International (ORI), Radian Group (RDN), Genworth Financial (GNW), PMI Group (PMI) and United Guaranty Residential Insurance. 1 Comment

• Friday, December 4, 2009

• 09:00 AM Premarket gainers: BIG +13%. SNV +10%. LDK +10%. MRVL +9%. RDN +6%. GT +6%. JAVA +6%. AKAM +5%. RMBS +5%. SEED +5%. STEM +5%. PMI +4%. SOLF +4%. ID +4%. MTG +4%. RF +4%.
  Losers: TTWO -31%. SWHC -14%. GSS -8%. REG -5%. WES -5%. NG -4%. Comment!

• Tuesday, December 1, 2009

• 11:47 AM Radian Group (RDN) up 13% after the mortgage insurer's CFO Bob Quint says loan delinquencies are less than expected. New business has the lowest default rate in Radian's history. Other insurers climbing: [[MTG]] +7.5%, [[PMI]] +7.1%, [[AIG]] +9.9%. 2 Comments

• Wednesday, November 4, 2009

• 09:00 AM Premarket gainers: GNVC +36%. ABK +26%. PACR +25%. IRE +20%. ACAS +18%. AIB +11%. MBI +9%. PMI +8%. ARNA +7%. HIG +7%. RDN +6%. EXM +6%. ALU +6%. MPEL +6%. XOMA +5%. IBN +5%. MGM +5%. GRMN +5%. DRIV +4%. FAS +4%. FRE +4%. RCL +4%. ING +4%. VGZ +4%.
  Losers: STEC -31%. VG -8%. CVM -6%. CCI -6%. BHI -4%. Comment!
• 00:05 AM Notable premarket earnings: ABK, ADP, AGU, BDX, BHI, CMCSA, DVN, FWLT, GRMN, HUN, IAG, LIZ, MFA, MMC, PHM, PWR, RDN, RIG, RRD, TAP, TEL, TOT, TRW, TWX, WTR, XTO 1 Comment

• Wednesday, August 5, 2009

• 09:00 AM Premarket gainers: INO +42%. RDN +37%. GRMN +20%. PMI +18%. WFMI +16%. USU +14%. BZ +11. TRA +11%. LYG +11%. FWLT +10%. OWW +10%. AIB +8%. RBS +7%. FIG +6%. BCS +5%. CNO +6%. HW +5%. SATC +5%. SAY +4%. ABAT +4%. DVN +4%.
  Losers: ACAS -21%. ISPH -9%. PWR -6%. AXL -6%. HCP -5%. BMC -5%. RIG -4%. Comment!
• 08:20 AM Radian Group (RDN): Q2 EPS of $2.82 vs. consensus of -$1.58 (may not be comparable). Revenue of $577M (58%) vs. $284M. Shares +22% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AGU, AVT, AXL, BHI, BYD, CNP, DF, DVN, EXM, FIG, FWLT, GRMN, MMC, OC, OSG, PCG, PG, PQ, PWR, RDN, RIG, RL, RRD, XTO Comment!

• Tuesday, May 5, 2009

• 09:00 AM Premarket gainers: ACAD +24%. MGM 16%. LVS +13%. XTXI +12%. AIG +11%. THC +10%. TKLC +9%. GERN +9%. EGLE +8%. ALKS +7%. FIG +6%. DRYS +6%. VRX +6%. AMLN +6%. YGE +6%. KFT +5%. CENX +5%. CTSH +5%. PCX +6%. CSIQ +5%. BZH +5%. NM +4%. EXM +4%. CDE +4%.
  Losers: BZ -21%. HOLX -20%. HLIT -15%. MYGN -14%. LM -11%. NMM -10%. PQ -10%. AXA -9%. PNX -8%. HEP -8%. ADM -7%. CHK -6%. DHI -5%. FITB -4%. RDN -5%. AKS -4%. AIB -4%. UL -4%. IRE -4%. KFN -4%. Comment!
• 08:13 AM Radian Group (RDN): Q1 EPS of -$2.69 misses by $1.03. Net loss is "primarily attributable to unrealized mark to market losses on derivatives and the continued increase in mortgage insurance defaults." (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, ADP, ALU, AVP, AYE, BAM, CBB, CEG, CTSH, CVS, DNR, DRH, DUK, EMR, FCL, FE, HEW, HNT, ICE, JOE, KFT, LM, LPX, MAC, MVL, PAG, PCP, PGN, PNW, PQ, RDN, SE, SRE, TAP, TEVA, UNT, VRX, VTR, WEC, WTI, WY, WYNN, XEC
    Comment!

• Tuesday, February 24, 2009

• 00:05 AM Notable earnings before Tuesday's open: FE, FWLT, GTI, HD, HNZ, M, MGA, MHS, ODP, PCG, PKD, PWR, RDN, RSH, SRE, TGT, THC, VPHM, VRX Comment!

• Wednesday, February 18, 2009

• 09:00 AM Premarket gainers: MBI +35%. EGLE +8.5%. DRYS +6.5%. STI +5.5%. S +5%. CIT +5%. MT +5%. AEG +5%. FAS +5%. RTP +5%. LVS +5%. GM +4%. C +4%. BAC +4%. COF +4%. RDN +5%. Comment!

• Thursday, November 6, 2008

• 09:16 AM Premarket gainers: CVI +22%. CVTX +13%. WEN +11%. ATVI +10%. WFMI +9%. YHOO +7%. SLW +6%. RDN +5%. TKC +4%. AUY +4% Comment!

• Wednesday, November 5, 2008

• 08:30 AM Premarket gainers: RDN +18%. AGU +8%. S +7%. DRYS +4%. GM +2.5%. Comment!
• 08:11 AM Radian Group (RDN): Q3 EPS of $0.46 vs. consensus of -$1.93. (PR) Comment!