Market Currents

• Tuesday, October 20, 2009

• 16:15 PM Seagate Technology (STX): FQ1 EPS of $0.58 beats by $0.11. Revenue of $2.66B (-12%) vs. $2.62B. Shares +0.5% 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!

• Wednesday, September 23, 2009

• 09:25 AM Seagate's (STX) raised fiscal 1Q outlook bodes well for the hard-disk drive industry, Thomas Weisel says, lifting shares to Overweight. Despite a 330% gain YTD, firm maintains shares are undervalued, and says STX is “taking progressive steps” to regain the technology leadership lost to Western Digital in 2007. STX +3.4% premarket. Comment!

• Tuesday, September 22, 2009

• 16:22 PM Seagate (STX) expects first-quarter revenue at or above the high end of its forecast range of $2.4B-2.6B, vs. $2.5B, on industry demand for hard drives that continues to strengthen. Shares -1% AH. Comment!

• Wednesday, July 29, 2009

• 09:00 AM Premarket gainers: CNO +26%. THPW +21%. MCK +8.5%. JNY +8%. MEE +5%. ABC +4%.
  Losers: YHOO -8%. RCL -7%. MT -6%. ABK -6%. TGB -6%. PX -5%. CCL -5%. S -5%. WLP -4%. BPSG -4%. CHU -4%. MFA -4%. STX -4%. MGM -4%. 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

• 16:29 PM Seagate Technology (STX): Q4 EPS of -$0.16 misses by $0.06. Revenue of $2.4B (-19%) vs. $2.3B. Shares -1.8% 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!

• Tuesday, July 7, 2009

• 17:20 PM Stocks Chris Retzler, who manages Needham's Small Cap Growth Fund, likes: IPG Photonics (IPGP), MKS Instruments (MKSI), STEC (STEC), Seagate (STX), and Xyratex (XRTX). Doesn't like: industries that have high union exposures, significant leverage and large pension obligations. Comment!

• Wednesday, June 24, 2009

• 17:00 PM Seagate (STX) raises its revenue forecast for FQ4 to $2.2B-$2.3B, up from $1.9B-$2.2B. Shares +0.5% AH. Comment!

• Tuesday, April 21, 2009

• 16:23 PM Seagate Technology (STX): FQ3 EPS of -$0.45 in-line. Revenue of $2.15B (-30.7%) vs. $2.01B. Sees FQ4 EPS of -$0.29 to -$0.39 vs. -$0.30 consensus. "Believes opportunities exist to reduce operating costs in product development, marketing/administrative and manufacturing areas to target a cost structure that generates positive cash flow and earnings within its F2010." Shares flat AH. (PR) Comment!
• 15:10 PM Notable earnings after Tuesday's close: ALTR, AMD, AMP, BRCM, CBST, CENX, CHRW, COF, CREE, FULT, GILD, HCBK, ILMN, MOLX, NBR, NSC, PPDI, SNDK, STX, TEX, WMS, YHOO Comment!
• 00:10 AM Notable earnings after Tuesday's close: ALTR, AMD, AMP, BRCM, CBST, CENX, CHRW, COF, CREE, FULT, GILD, HCBK, ILMN, MOLX, NBR, NSC, PPDI, SNDK, STX, TEX, WMS, YHOO Comment!

• Monday, April 13, 2009

• 09:00 AM Premarket gainers: DNDN +27%. MGM +17%. TCK +9%. WLP +9%. ENTU +8%. IIJI +8%. LVS +6%. HL +6%. YHOO +6%. AKS +5%. C +5%. APWR +5%. TTWO +5%. ESRX +5%. BRCD +4%. CDE +4%.
  Losers: GNW -24%. TRE -22%. GM -12%. WFR -10%. ACAS -5%. TXT -4%. STX -3%. RF -3%. Comment!
• 08:05 AM Seagate Technology (STX): Sees FQ3 revenue of $2.1B, vs. $1.88B consensus and its previous outlook of $1.6-2B. Sees Q4 revenue of $1,9-2.2B vs. $1.86B consensus. Shares +8.3% premarket. (PR) Comment!

• Thursday, March 26, 2009

• 09:00 AM Premarket gainers: LVLT +17%. BCS +17%. LMC +12.5%. ACAS +12%. LYG +11%. RHT +11%. GM +10%. BBY +10%. AIG +8%. HOV +8%. TMS +7%. CNO +7%. HBAN +7%. RTP +6%. FIG +6%. DRYS +6%. FITB +5%. STM +5%. IFX +5%. AEG +5%. STX +5%. MU +5%. Comment!