Market Currents

• Tuesday, November 24, 2009

• 15:08 PM Dow leaders: VZ +1.9%. T +1.5%. GE +1%. JNJ +1%.
  Laggards: JPM -1.9%. HPQ -1.3%. AA -1%. BA -0.9%. DIS -0.7%. BAC -0.7%. UTX -0.7%. 1 Comment
• 13:32 PM Dow leaders: VZ +1.8%. T +1.4%. GE +0.9%. JNJ +0.6%. INTC +0.3%.
  Dow laggards: JPM -2.1%. HPQ -1.8%. BA -1.6%. AA -1.5%. MRK -1.3%. 1 Comment
• 10:30 AM Dow leaders after one hour: VZ +1.4%. T +0.5%.
  Laggards: HPQ -2.1%. JPM -2.1%. AA -1.9%. PFE -1.9%. BAC -1.7%. BA -1.6%. KFT -1.4%. 1 Comment

• Monday, November 23, 2009

• 13:59 PM Dow leaders: VZ +2.8%. CVX +2.6%. T +2.1%. GE +2%. XOM +1.8%.
  Dow laggards: MRK -0.3%. AA -0.2%. 1 Comment

• Friday, November 20, 2009

• 08:20 AM Deutsche Telekom (DT) is reportedly seeking a partner for T-Mobile, one that could help it finance investments in networks with fast data transfers. MetroPCS (PCS), Clearwire (CLWR) and AT&T (T) are all potential candidates, but the company might also look for a purely financial investor from outside the sector. 1 Comment

• Friday, November 6, 2009

• 10:58 AM AT&T (T) completes its planned $945M purchase of Centennial Communications, following yesterday's FCC approval with conditions (.pdf) including limiting contact with competitor America Movil. The deal expands AT&T coverage in the Midwest, Southeast and Puerto Rico. 1 Comment

• Wednesday, November 4, 2009

• 10:23 AM DealReporter cites industry bankers who say DirecTV Group (DTV +2.6%) is a takeover target of AT&T (T). 1 Comment

• Tuesday, November 3, 2009

• 15:33 PM AT&T (T) sues Verizon Wireless (VZ, VOD) over its recent "There's A Map For That" ad campaign, claiming the commercials falsely suggest AT&T has huge gaps in its wireless coverage, and not just its 3G coverage. AT&T, the sole U.S. iPhone carrier, has been widely criticized for its spotty 3G. 2 Comments

• Thursday, October 29, 2009

• 10:10 AM Dow leaders early on: AA +6.7%.% PG +4%. CAT +3.1%. AXP +2.7%. GE +2.3%. DD +2.2%. BAC +1.7%.. BA +1.6%.
  Laggards: XOM -1.9%. MRK -1.7%. T -0.4%. Comment!

• Wednesday, October 28, 2009

• 10:03 AM Dow leaders early on: T +1%. VZ +1%. DD +0.9%. PG +0.6%.
  Laggards: AA -2.6%. JPM -1.4%. BAC -1.3%. DIS -1.1%. GE -1.1%. AXP -0.9%. HD -0.8%. BA -0.7%. Comment!

• Thursday, October 22, 2009

• 13:01 PM On a unanimous vote, the FCC kicks off months of rulemaking on Net neutrality with proposals barring big network operators like AT&T (T) and Comcast (CMCSA) from blocking or slowing access to any site. (previously) 1 Comment
• 11:12 AM Dow leaders: TRV +6%. MCD +3.5%. MMM +2.8%. T +2.4%.
  Dow laggards: GE -1.9%. MSFT -1.4%. KFT -1.3%. MRK -1.1%. 1 Comment
• 07:43 AM AT&T (T): Q3 EPS of $0.54 beats by $0.04. Revenue of $30.9B (-1.3%) in-line. Wireless subscribers +2M to 81.6M. Shares +2% premarket. (PR) 1 Comment
• 00:05 AM Notable pre-market earnings: AUO, BDK, BG, BMY, CBE, CELG, CHKP, CIT, CNX, DAL, DHR, DO, DOW, EMC, ERIC, ESV, ETR, FITB, GR, HBAN, HOT, HSY, JBLU, JNS, KMB, LCC, LH, LM, MCD, MJN, MMM, MRK, NCR, NIHD, NUE, NVS, NYT, ORI, OXY, PDS, PLD, PM, PNC, POT, R, RAI, RGC, RS, RTN, RX, SGP, STI, SY, T, TASR, TIN, TMO, TRA, TRV, UNP, UPS, XRX, ZMH Comment!

• Wednesday, October 21, 2009

• 17:36 PM The war of words between AT&T (T) and Google (GOOG) heats up ahead of tomorrow's first FCC vote on Net neutrality rules, with AT&T officials accusing Google of backing "extreme regulatory standards," and Google's calling AT&T's campaign "almost laughable." Issues include whether big carriers could favor their own services, such as video, over those of competitors. Comment!

• Tuesday, October 13, 2009

• 13:50 PM Dow leaders: HD +1.6%. WMT +1.5%. T +1.3%. MCD +0.7%.
  Dow laggards: JNJ -2.2%. JPM -1.7%. PFE -1.6%. BAC -1.6%. Comment!