Market Currents

• Wednesday, November 4, 2009

• 07:33 AM Transocean (RIG): Q3 EPS of $2.65 misses by $0.02. Revenue of $2.82B (-11.6%) in-line. (PR) 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

• Tuesday, September 29, 2009

• 17:55 PM With markets up almost 50% since March, fund managers are generally treading carefully. Here are some stocks the group says may still have some juice: Commodities (RIG, STLD), healthcare (ABT, GILD), business spending (AMD, ASML), and top fliers that were left behind (BMY, VZ, WMT). 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!
• 07:55 AM Transocean (RIG): Q2 EPS of $2.79 misses by $0.24. Revenue of $2.9B (-8%) in-line. Shares -5.4% 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!

• Wednesday, May 6, 2009

• 07:48 AM Transocean (RIG): Q1 EPS of $3.75 beats by $0.24. Revenue of $3.1B (+0.3%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ACAS, AGU, ANR, BX, BYD, DSX, DVN, FIG, FWLT, GRMN, HK, HPT, KWK, MGA, MMC, PCG, PWR, RIG, RRD, SNH, TTI, WNR, WTR, XTO Comment!

• Sunday, March 29, 2009

• 05:46 AM As oil supplies get tighter and prices rise, Barron's says deepwater drillers Transocean (RIG), Diamond Offshore Drilling (DO) and Noble Corp. (NE) stand to profit nicely. Over the next 12-18 months, their shares could rise 25-100%. 1 Comment

• Thursday, February 19, 2009

• 09:28 AM Time to go overweight on energy, Bernstein says, suggesting investors focus on high beta stocks. "With the outlook for the energy space now being as grim as it can be... we believe there is limited downside to the beta energy names," firm says, upping CHK, TLM and RIG while downgrading XOM and OXY. Comment!

• Tuesday, February 17, 2009

• 07:56 AM Transocean (RIG): Q4 EPS of $3.69 misses by $0.01. Revenue of $3.3B (+57.4%) in-line. Shares -3.6% premarket.(PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: GPC, HOC, HSP, LPX, MDT, RIG, TEVA, WMT Comment!

• Monday, January 26, 2009

• 08:28 AM Offshore drillers get some love from Goldman. Raises price targets on Transocean (RIG), Noble (NE), Pride International (PDE), Atwood Oceanics (ATW) and Diamond Offshore Drilling (DO). Comment!

• Monday, January 5, 2009

• 09:36 AM The recent rally in crude oil has given battered energy stocks a much-needed boost. Oil service stocks are up 22% since Dec. 5; E&P stocks have gained 33% since Nov. 21. Top picks for 2009, from Pritchard: HP, NOV, TTES, RIG, EAC, HWK and RRC. Comment!

• Monday, December 29, 2008

• 09:00 AM Premarket gainers: LINE +12%. SAY +10%. HL +6%. UBS +6%. MT +6%. F +5%. AUY +5%. SI +5%. SLW +4%. MTL +4%. PBR +4%. AAUK +4%. RIG +4%. AMD +4%. Comment!

• Saturday, December 20, 2008

• 13:52 PM Noble (NE), the #3 U.S. offshore oil driller, plans to re-incorporate in Switzerland for its tax advantages (8-K). Transocean (RIG), the world's #1 offshore driller, and Weatherford International (WFT), are planning similar moves. Comment!