Market Currents

• Tuesday, December 8, 2009

• 10:46 AM While the big banks go to battle to unshackle themselves from TARP's chains, regional lenders (SNV, ZION, RF) choking on real-estate loans are unlikely to be exiting TARP any time soon. Regional banks are almost four times more concentrated in CRE loans than the biggest lenders. 2 Comments
• 09:00 AM Premarket gainers: YONG +7%. GERN +5%. ARIA +4%.
  Losers: EBS -15%. KR -12%. RSO -9%. NBG -9%. AIB -9%. RBS -7%. IRE -7%. CELG -5%. BCS -4%. HBC -4%. SNV -4%. FTR -4%. Comment!

• Monday, December 7, 2009

• 09:00 AM Premarket gainers: ROY +47%. NVDA +11%. NYB +9%. TRA +9%. ASIA +9%. SNTS +6%. CTIC +6%. KERX +6%. SNV +5%. AKAM +5%. S +5%. SEED +5%. VG +4%. AMD +4%. SPWRA +4%.
  Losers: ALTH -11%. RBS -5%. CAL -5%. 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!

• Friday, November 27, 2009

• 09:00 AM Premarket gainers: Short ETFs (EDZ, DTO, SCO, TZA, FXP, EEV, FAZ, SPXU BGZ, VXX, TWM, SMN...)
  Losers: ING -18%. LYG -11%. CBAK -8%. MGM -8%. NG -8%. SQNM -8%. MBI -7%. AIB -7%. HBC -7%. BCS -7%. RBS -7%. TS -7%. HL -7%. APWR -7%. RTK -7%. SNV -7%. MPEL -7%. CHLN -6%. PMI -6%. AEG -6%. DB -6%. KGC -6%. IAG -6%. NBG -6%. EGO -6%. ESLR -6%. AU -6%. NLST -6%. EGLE -6%. JASO -6%. EXM -6%. SOLF -6%. AUG -6%. 1 Comment

• Monday, November 16, 2009

• 09:00 AM Premarket gainers: NABI +33%. IBKC +23%. NLST +16%. S +8%. ABK +6%. STP +6%. SOL +6%. FRO +5%. RTP +4%. QTWW +4%. C +4%. MT +4%. HL +4%. RFMD +4%. RCL +4%. SNV +4%. MGM +4%.
  Losers: TBV -22%. ADY -19%. PWRD -5%. AIB -5%. BZH -5%. TRW -4%. IRE -4%. Comment!

• Friday, October 23, 2009

• 09:00 AM Premarket gainers: AMZN +18%. SYNA +13%. CIT +10%. MSFT +9%. COF +9%. BQI +6%. BUCY +5%. ALU +5%. FBCM +5%. RFMD +4%. CEO +4%.
  Losers: SPWRA -10%. ELN -10%. IBKR -9%. SNV -9%. BRCM -7%. BIIB -5%. AGU -4%. AIB -4%. Comment!

• Thursday, October 22, 2009

• 16:28 PM Synovus Financial (SNV): Q3 EPS of -$1.27 misses by $0.60. Net interest income of $758M (-8%). Shares -2.8% AH. (PR) 1 Comment
• 00:10 AM Notable post-market earnings: AMZN, AXP, BNI, BRCM, BUCY, CA, CAKE, CB, COF, CPWR, DDR, ELX, EMN, INFA, JNPR, LEG, LSCC, NFLX, PMCS, RMBS, RVBD, SNV, SPWRA, SYNA, WDC, WFR Comment!

• Thursday, September 17, 2009

• 09:00 AM Premarket gainers: AMR +20%. YMI +19%. BBI +8%. PIR +7%. RZ +5%. DFS +4%. LCC +4%. MGM +4%. CVM +4%.
  Losers: SNV -7%. EXK -6%. AIB -4%. Comment!

• Thursday, July 23, 2009

• 16:20 PM Synovus Financial (SNV): Q2 EPS of -$1.82 misses by $1.28. Pretax income of $145M. Shares -2.1% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: AMP, AMZN, AXP, BIDU, BLUD, BNI, BRCM, BUCY, CA, CAKE, CB, CENX, CNW, COF, COG, CPWR, DDR, DDUP, EMN, FII, INFA, JNPR, KLAC, LEG, MSFT, NFLX, PMCS, RFMD, RMBS, RVBD, SNV, SPWRA, STAR, TCO, WFR, WRE Comment!

• Tuesday, May 5, 2009

• 09:13 AM S&P puts 23 regional and national banks on CreditWatch Negative, meaning a 50% chance their ratings will drop in the coming quarter. The group is seen as underperforming compared to peers. Here are the publicly-traded banks under watch: ASBC, AF, BBT, BAC, COF, C, CRBC, CMA, FITB, HBAC, KEY, MTB, PNC, RF, SUSQ, SNV, USB, WBS, WFC, WTNY, WL. Comment!

• Wednesday, April 22, 2009

• 16:45 PM Synovus Financial (SNV): Q1 EPS of -$0.46 misses by $0.09. Mortgage loan originations were $687M, up 162% from Q4 and 103% from Q1 2008. Ratio of non-performing assets to loans up to 6.25% from 4.16% in Q4. Shares -0.5% AH. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AAI, APD, ATI, BA, CAL, CFR, DOV, ECA, ELN, FCX, GENZ, GNTX, IR, KMB, MCD, MO, MS, NITE, NOC, PBG, PDS, R, SNV, STJ, SY, T, TIN, WFC, WLP Comment!

• Thursday, January 22, 2009

• 15:10 PM Notable earnings after Thursday's close: AMD, CBST, CNI, COF, ED, FII, GOOG, ISRG, MSCC, PBCT, SNV, SYNA, TPX, WERN, WFR Comment!