Market Currents

• Wednesday, October 21, 2009

• 09:00 AM Premarket gainers: SLM +11%. SNDK +5%. YHOO +5%. ELN +4%.
  Losers: AGEN -41%. TSFG -23%. PLCM -13%. ATI -7%. KEY -4%. GNBT -4%. STM -4%. BEE -4%. 1 Comment

• Tuesday, October 20, 2009

• 16:36 PM SLM (SLM): Q3 EPS of $0.26 beats by $0.22. Net interest income after provision for loan losses of $204M (-29%). Shares +1.7% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: AMLN, CHRW, CNI, CREE, GILD, INFN, ISRG, NBR, PLCM, SNDK, SLM, STX, STM, SYK, TUP, WLT, YHOO Comment!

• Tuesday, September 1, 2009

• 11:51 AM Sallie Mae (SLM -3.8%) starts a tender offer for $1B in outstanding notes. The offer, to be done as a modified Dutch auction, will expire Sept. 29. Comment!

• Wednesday, July 22, 2009

• 09:00 AM Premarket gainers: ONXX +32%. ATHR +11%. AAI +9%. SBUX +9%. BDSI +8%. CKSW +6%. AKRX +4%. AAPL +4%. STX +4%. HGSI +4%.
  Losers: AMD -14%. PPDI -13%. AAN -12%. CIT -8%. RSH -7%. KEY -6%. WFC -6%. HEB -6%. SAY -6%. MS -5%. ERX -4%. SLM -4%. YHOO -4%. CVBF -4%. RCL -4%. GILD -4%. BK -4%. CHU -4%. SQNM -4%. Comment!

• Tuesday, July 21, 2009

• 17:29 PM SLM (SLM): Q2 adjusted EPS of $0.31 vs. consensus of $0.06. Results included $325M ($0.44/share) gains on debt repurchases, $362M provision for private credit losses, $105M ($0.13/share) reduction caused by commercial paper market dislocation. Shares -2.9% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: AAPL, AMD, AMLN, ATHR, BXP, CHRW, FULT, GILD, ILMN, LLTC, NBR, PPDI, PTV, QLGC, RHI, SBUX, SLM, STX, SYK, VFC, YHOO Comment!

• Monday, June 29, 2009

• 11:51 AM Sallie Mae (SLM) shares +10.6% to $10.25 after FBR lifts its price target to $16. Shares had also rallied on Thursday after J.P. Morgan upgraded the stock to "overweight" and are up 76% since June 3. Comment!

• Thursday, June 25, 2009

• 09:00 AM Premarket gainers: JAZZ +47%. TWB +20%. HTZ +10%. BBBY +5%. LEN +4%. SLM +4%. JEF +4%.
  Losers: INSM -48%. RHT -6%. HEB -5%. PAYX -5%. NVLS -5%. NKE -5%. MTL -5%. CTIC -4%. FSLR -4%. AIB -4%. Comment!

• Thursday, June 18, 2009

• 09:00 AM Premarket gainers: PIR +19%. SLM +15%. ARM +15%. LVLT +12%. IRE +11%. VICL +9%. DFS +7%. YRCW +7%. MPEL +6%. APWR +6%. ATHR +5%. AA +4%.
  Losers: CTIC -12%. RTP -6%. HMY -4%. Comment!

• Wednesday, June 17, 2009

• 17:15 PM SLM Corp. (SLM) +10% AH after being chosen by Dept. of Ed. for its Federal Student Aid Title IV Student Loan Management/Servicing procurement. SLM says it has the scale to immediately add more than $100B in new loan volume, depending on government's allocation. (PR) Comment!

• Monday, June 8, 2009

• 09:21 AM Premarket gainers: PKT +102%. ANPI +56%. MITI +30%. DYAX +18%. SLM +14%. SVA +13%. ARNA +12%. XOMA +9%.
  Losers: AIB -13%. LYG -11%. SAY -7%. MT -6%. Comment!

• Thursday, May 14, 2009

• 14:15 PM Outspoken Sallie Mae (SLM +2.2%) CEO Albert Lord takes a swing at Moody's after seeing its debt downgraded to junk: "Moody's conclusion rests mostly on its predictions of the political process surrounding the Federal Student Loan program. This seems to us inappropriately speculative and very premature..." The dispute has been broiling since February, when Moody's first SLM on review. Comment!

• Thursday, April 23, 2009

• 09:00 AM Premarket gainers: NUVA +18%. ACOR +18%. RCL +15%. PTV +14%. FITB +13%. JBLU +12%. CS +10%. HBAN +10%. SLM +10%. ETFC +10%. BCS +10%. FIG +9%. LVS +7%. HIG +7%. IFX +7%. LCC +7%. EBAY +7%. DAI +5%. PNC +5%. RF 5%. AAPL +5%. GM +5%. KEY +5%. SHY +5%. MGM +5%.
  Losers: VMW -16%. LOGI -11%. BG -9%. CIT -9%. TMO -8%. PKY -8%. TRH -5%. EMC -5%. 1 Comment

• Wednesday, April 22, 2009

• 18:11 PM SLM Corp. (SLM): Q1 EPS of -$0.03 vs. consensus of $0.12. Loss was partly the result of ongoing dislocation in the commercial paper market. Shares -3.3% AH. (PR) Comment!
• 15:10 PM Notable earnings after Wednesday's close: AAPL, ADS, AF, AFFX, BCR, CVA, DOX, EBAY, EFX, EQIX, FFIV, FR, ISIL, KNX, LEG, LHO, LOGI, LRCX, NE, NFX, NVLS, PTV, QCOM, RHI, RJF, SLM, STLD, TMK, TQNT, VMW, XLNX, YUM Comment!