Market Currents

• Thursday, July 30, 2009

• 09:06 AM Tenneco (TEN): Q2 EPS of -$0.22 beats by $0.29. Revenue of $1.1B (-33%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, ADP, ALU, AOC, APA, ARTG, AVP, AVY, AZN, BC, BCRX, BDX, BEN, CI, CINF, CL, CLI, CMI, CMS, CNX, COL, COV, CVC, DLR, DOW, EK, ENDP, EXPE, FAF, GT, GTI, HP, INCY, IP, IRM, K, KBR, KIM, KSU, LVLT, MA, MOT, MYL, NBL, NRG, NWL, NYX, OCR, OMX, OSK, PCZ, PH, PTEN, RDS.A, RGC, RYN, SBH, SNE, SPR, TEN, TRV, TSM, TYC, VTR, WMI, WYNN, XEL, XOM Comment!

• Tuesday, December 23, 2008

• 16:13 PM U.S. auto-part suppliers (VS, AXL, TEN, LEA) will take unusual steps in the coming weeks - including cash-on-delivery, price hikes, and telling workers to telecommute on Fridays - as they look to survive a brutal Q1. Comment!

• Monday, December 22, 2008

• 16:48 PM Fitch downgrades three auto-parts makers - Tenneco (TEN), ArvinMeritor (ARM) and American Axle (AXL), on their exposure to GM (GM). While Friday's aid package is "a positive for the entire supply chain," it's only "a temporary measure that does not materially improve the companies' potential for long-term viability." Comment!

• Tuesday, November 4, 2008

• 08:08 AM Tenneco (TEN): Q3 EPS of $0.01 misses by $0.22. Revenue of $1.5B (-3.8%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Tuesday's open: ADM, AEE, AMSC, DF, DNR, EMR, ENTG, EXPD, FE, GTI, HCP, HL, HNT, HOC, JEC, JOE, LPX, MAC, MGA, MYGN, NI, NNN, NXG, PPL, PQ, RDC, TDC, TEN, THC, TLM, VNO, WTI, XEC Comment!

• Thursday, June 26, 2008

• 09:10 AM GM (GM) is down 8% on the Fitch downgrade, and after Goldman moved it to Sell, adding it to its Americas Sell list. It too sees GM needing capital next year. F, LEA and TEN were also downgraded. Comment!