Market Currents

• Wednesday, November 11, 2009

• 08:52 AM United Technologies (UTX) is nearing a purchase of GE's fire alarm and security systems unit for at least $1.8B, and a deal could be announced as early as Thursday, sources say. The Edwards Systems Technology, which GE bought for $1.4B from SPX Corp. (SPW) in 2005, would take United "beyond just perimeter and access security," one analyst says. Comment!

• Wednesday, October 28, 2009

• 07:40 AM SPX Corp. (SPW): Q3 EPS of $ beats by $. Revenue of $1.17B (-20.8%) in line. Sees full-year EPS of $3.80-4.00 vs. $3.96 consensus. "The global economic environment remains difficult and continues to impact our performance. Although some macroeconomic trends appear to be pointing toward a recovery, we expect our recovery to lag the broader economy." (PR) 1 Comment
• 00:05 AM Notable pre-market earnings: ASH, BWA, CCE, CHINA, CNP, COP, EPD, GD, GT, HES, IP, IPG, JNY, LAZ, LVLT, MWV, NWL, NXY, NYB, OC, PEG, PX, Q, SAP, SEPR, SO, SPIL, SPW, UMC, WLP, WYN Comment!

• Wednesday, April 29, 2009

• 06:58 AM SPX (SPW): Q1 EPS of $0.81 beats by $0.06. Revenue of $1.2B (-13.9%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABX, AET, AMG, AMT, ARW, BHI, BKC, CNP, ENDP, FCN, GD, GT, HES, IACI, JNY, MCO, MHS, MT, MTG, MWV, NYB, PX, Q, RAI, RDS.A, ROK, SAP, SEE, SI, SO, SPIL, SPW, TEL, TLM, TWC, TWX, UMC, VPHM, WMI, WYE, WYN Comment!

• Wednesday, February 25, 2009

• 09:00 AM Premarket gainers: KWK +12%. CQB +9%. KBR +7%. F +6%. SPW +5%. C +5%. MYL +4%. GFI +4%. ARMH +4%. GM +4% Comment!
• 06:59 AM SPX (SPW): Q4 EPS of $2.06 beats by $0.19. Revenue of $1.5B (+17.1%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABK, CMS, CNP, DISCA, DLM, DLTR, DNR, FTR, HK, KBR, KWK, LXP, PEI, RRD, SJM, SKS, SPW, TJX, ZLC Comment!

• Wednesday, January 21, 2009

• 09:20 AM SPX Corp. (SPW): Sees 2009 EPS of $5.40-5.80 vs. consensus of $5.36. Announces $65M restructuring. Shares +12% premarket. (PR) Comment!
• 09:00 AM Premarket gainers: ERIC +15%. WGOV +14%. NTRS +12%. UBS +10.5%. C +11%. STT +11%. CS +10%. DRYS +9.5%. BK +9%. DB +8%. EXM +9%. ALU +9%. MT +7%. PNC +7%. HBCK +7%. RCL +6%. BAC +6%. GM +6%. GNW +5%. HIG +6%. JEF +6%. SPW +5%. AMD +5%. IBM +5%. Comment!

• Wednesday, October 29, 2008

• 12:34 PM Trading lower on weak earnings: SEE -22%. SPW -11%. BWA -9%. GLW -8%. Q -5%. MWV -5%. AET -7%. CMCSA -5%. SNE -5%. BPO -5%. Comment!
• 06:37 AM SPX Corp. (SPW): Q3 EPS of $1.66 beats by $0.01. Revenue of $1.51B (+28.8%) vs. $1.6B. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: AET, AG, AGN, ALO, ANR, BPO, BWA, CINF, CMCSA, GLW, GRMN, GW, HERO, HES, IMA, IVZ, JNY, K, KEM, KFT, LAZ, LM, MCO, MGM, MWV, NBL, NEM, NXY, NYB, OC, ODP, PG, PX, Q, SEE, SHPGY, SLAB, SNE, SPR, SPW, SU, TSO, VPHM, WEC, WPI Comment!

• Monday, August 4, 2008

• 18:16 PM Neil Hennessey's 3 top picks: Oil States International (OIS), W.R. Grace (GRA) and SPX (SPW). His Focus 30 fund is up 7.9% YTD. Comment!

• Wednesday, July 30, 2008

• 08:13 AM SPX Corp. (SPW): Q2 EPS of $1.70 beats by $0.13. Revenue of $1.56B (+28.8%) in-line. [PR] Comment!