Market Currents

• Thursday, November 5, 2009

• 07:56 AM Sirius XM Radio (SIRI): Q3 EPS of $0.00 beats by $0.02. Revenue of $630M (+2.8%) vs. $609M. Ends quarter with 18,515,730 subscribers, +102,295 from Q2. Shares +3.9% premarket. (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!

• Monday, October 19, 2009

• 09:00 AM Premarket gainers: IPCS +34%. ALLI +19%. CIT +7%. AAI +5%. CEO +5%. IMMU +4%. SIRI +4%. IMMU +4%.
  Losers: IDCC -9%. BEXP -6%. BBT -4%. Comment!

• Monday, August 24, 2009

• 09:00 AM Premarket gainers: MELA +18%. FNM +16%. SBGI +11%. FRE +9%. SIRI +6%. RTK +6%. AIB +6%. AMD +5%. ABK +5%. LYG +5%. AIG +4%. C +4%. CTIC +4%. LVS +4%.
  Losers: SHLD -4%. Comment!

• Friday, August 21, 2009

• 09:00 AM Premarket gainers: CRM +9%. SIRI +7%. RTK +7%. CZZ +7%. MPEL +6%. PMI +6%. FNM +5%. AIG +5%. KFN +5%. ABK +4%. HL +4%. FRE +4%. UBS +4%. LVS +4%. ING +4%. SOL +4%.
  Losers: BRCD -7%. ANN -6%. NGD -5%. Comment!

• Thursday, August 6, 2009

• 07:56 AM Sirius XM Radio (SIRI): Q2 EPS of -$0.01 in-line. Revenue of $608M (+1.2%) in-line. Says cash operating expenses are 28% lower since the merger. Increases full-year income from operations guidance to $400M from $350M. (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

• 08:37 AM Sirius XM (SIRI) teams up with Volkswagen (VLKAY.PK) to provide three-month trial satellite radio packages to buyers of certified used cars in the U.S. Sirius is hoping the deal will help it develop a much-needed new source of growth. Comment!

• Thursday, May 7, 2009

• 08:36 AM Sirius XM Radio (SIRI): Q1 EPS of -$0.07 misses by $0.05. Revenue of $605M vs. $646M. Sees full-year adjusted income of $350M vs. $300M previously. Churn 2.2% vs. 2.1% and 1.8% for Sirius and XM a year ago. Shares -1% premarket. (PR) Comment!

• Friday, May 1, 2009

• 13:31 PM Sirius XM Radio (SIRI): For sale? Comment!

• Wednesday, April 15, 2009

• 11:15 AM Sirius XM (SIRI) receives a credit rating boost from S&P - from CCC to CCC+. Comment!

• Friday, March 20, 2009

• 09:01 AM Premarket losers: ERIC -9%. SPG -8%. AIG -6%. NOK -5%. HBC -5%. DRYS -5%. BBI -6%. FRE -5%. HBC -5%. SIRI -6%. AU -4%. HOT -3%. FNM -3%. Comment!

• Thursday, March 19, 2009

• 09:00 AM Premarket gainers (hold on tight): FRE +51%. FNM +49%. AIG +33%. CNO +38%. DRYS +28%. ABK +23%. MRX +20%. LYG +19%. AEG +17%. NM +15%. EGLE +13%. ETFC +14%. HBAN +12%. LVS +12%. DB +12%. EXM +11%. ING +11%. LVLT +10%. ORCL +10%. GNW +10%. FITB +10%. MTG +9%. GNK +9%. F +8%. BAC +8%. BCS +8%. UBS +7%. RTP +7%. DFS +7%. HBC +7%. CS +7%. C +7%. SIRI +7%. Comment!

• Wednesday, March 18, 2009

• 15:34 PM Sirius XM Radio (SIRI) is up 14% to $0.38. No mention of a much-discussed reverse-stock split on its earnings call (transcript), but Mel Karmazin does explain SIRI's sharp Q4 sales decline: "There was so much being written about our company going bankrupt and all of those doom and gloom stories... that had a tremendous impact on the consumer and their interest in buying the product." Comment!
• 09:01 AM Premarket gainers: JAVA +68%. SIRI +25%. ETFC +11%. IVAN +10%. DRI +10%. FITB +8%. STEM +6%. AIG +6%. MET +5%. C +4%. Comment!

• Tuesday, March 17, 2009

• 09:03 AM Premarket gainers: FRE +12%. IVAN +11%. SIRI +11%. CLNE +9%. AIG +7%. GGP +8%. FNM +7%. C +6%. LEN +5%. HIG +5%. DRYS +4%. NU +4%. CEPH +4%. UBS +4%. Comment!