Market Currents

• Thursday, October 29, 2009

• 04:03 AM Taiwan Semi (TSM): Q3 EPS of $0.18 in-line. Revenue of $2.74B (-8.1%) in-line. Gross margin +1.5 points from Q2 to 47.7%. Sees Q4 revenue of NT$90-92B vs. consensus of NT$85.8B. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ABX, AEP, AET, AGN, AN, APA, AVP, AYE, AZN, BC, BCRX, BKC, BPO, CL, CLI, CME, CMS, COCO, COT, DLR, EK, EXPE, FNFG, GTI, K, KBR, MCO, MOT, MPS, MWW, MYL, NBL, NEM, NRG, ODP, OMX, PCG, PDE, PG, PPL, PTEN, RDS.A, S, SII, TSM, VTR, WMB, XEL, XOM Comment!

• Tuesday, September 8, 2009

• 07:34 AM Yesterday's announcement (.pdf) that Abu Dhabi's ATIC will buy Chartered Semiconductor (CHRT) for $1.8B could spell trouble for Taiwan's leading chip manufacturers, including Taiwan Semiconductor (TSM) and United Microelectronics (UMC). Comment!

• Thursday, July 30, 2009

• 09:00 AM Premarket gainers: CIT +19%. EMKR +12%. CVC +11%. BT +11%. ARIA +11%. IRE +10%. HIG +10%. MOT +8%. NWL +8%. AKRX +7%. MA +7%. AIB +7%. ALU +7%. GE +6%. RTP +6%. ELY +5%. ARMH +5%. GNW +5%. AXL +7%. RCL +5%. TSM +5%. EGLE +5%. LVS +5%. YGE +5%. BCS +5%. MGM +4%. BHP +4%. SOL +4%. MT +4%. CLF +5%. CNO +4%. USU +4%.
  Losers: PCBC -17%. AKAM -16%. INO -12%. GMR -9%. TOO -9%. SYMC -9%. CATY -7%. GHL -6%. CTV -6%. Comment!
• 03:42 AM Taiwan Semiconductor (TSM): Q2 EPS of $0.14 beats by $0.01. Revenue of $2.2B (-23%) 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!

• Wednesday, July 15, 2009

• 09:01 AM Premarket gainers: GCI +20%. ALU +12%. AMD +8%. INTC +7%. AIB +6%. MT +6%. ING +6%. TGB +6%. AXA +5%. PMI +5%. TSM +5%. HMY +5%. MI +5%. HBC +5%. GNK +5%. HL +4%. BCS +4%. TIE +4%. AKS +4%. NOK +4%. RCL +4%. YGE +4%. VALE +4%. IGT +4%. AUY +4%. COF +4%. EXM +4%. FCX +4%. X +4%. MU +4%. ABX +4%. UBS +4%. DB +4%. Whoa!
  Losers: PAR -22%. JNS -8%. YUM -4% 1 Comment

• Thursday, July 9, 2009

• 12:19 PM An impressive rally in chip fab stocks after Bank of America/Merrill Lynch goes bullish on the group, saying inventory risks seem to be diminishing and demand prospects look stronger for H2 and next year. ASX +7.7%. UMC +5.4%. SPIL +5.3%. SMI +4.1%. TSM +3.5%. TSM +3.4%. 1 Comment

• Thursday, April 30, 2009

• 09:04 AM Premarket gainers: MGM +55%. HGSI +28%. PCX +22%. AEG +20%. LVS +19%. FSLR +15%. DOW +14%. MPEL +12%. ARRS +11%. ING +11%. IP +10%. ESLR +10%. DRYS +9%. BCS +9%. AKAM +9%. SRZ +9%. OMX +8%. CMCSA +8%. SOL 8%. SOLF +8%. ACAS +8%. JASO +8%. SPWRA +8%. LDK +7%. RFMD +7%. UBS +7%. TYC +6%. AIB +8%. HBAN +6%. FITB +6%. WYNN +6%. RAD +6%. HBC +6%. AZ +6%. TSM +6%. RF +6%. ETFC +6%. ORLY +5%. LSI +5%. GM +5%. BAC +5%. MTL +5%. CTXS +5%. C +5%. Comment!
• 08:01 AM Taiwan Semiconductor Manufacturing (TSM): Q1 EPS of $0.01 beats by $0.02. Revenue of $1.2B (-57.9%) vs. $1.1B. Shares +4.5% premarket (8:00 ET). (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APA, ASH, AZN, BC, BWA, CAH, CELG, CI, CINF, CL, CLI, CMCSA, CMS, COCO, COV, CTL, D, DLR, DOW, EK, ENTG, EQT, ERIC, EXPE, FAF, GTI, HOT, HP, IP, IRM, K, KBR, KIM, KSU, LKQX, LNT, MRO, MOT, MYL, NBL, NEM, NRG, NWL, NYX, OC, OCR, OMX, OSK, PDE, PEI, PG, PTEN, RGC, RYN, SEPR, SPR, SWY, TRV, TSM, TYC, VIA.B, WMB, WPI, XEL, XOM Comment!

• Wednesday, April 29, 2009

• 09:00 AM Premarket gainers: DNDN +135%. DWA +21%. UFS +14%. SLAB +12%. AMX +9%. ING +8%. BCS +8%. AAUK +8%. BZH +8%. SSW +7%. Q +6%. ELN +6%. FIG +6%. CIT +6%. MGM +6%. DAL +5%. HBAN +5%. TSM +5%. UBS +5%. C +5%. GM +4%. FITB +4% CDE +5%. CAL +5%. SNY +4%. ATVI +4%. MPEL +4%. GNA +4%. RF +4%. AMR +4%. ARMH +4%. OEH +4%. UAUA +4%. ODP +4%. TKC +4%. SPIL +4%. LVS +4%. DRYS +4%. 1 Comment

• Wednesday, April 1, 2009

• 09:00 AM Premarket gainers: ZZ +24%. AIB +14%. CNB +12%. IRE +11%. MV +9%. SAY +8%. FCS +7%. LVS +6%. JKHY +5%. FITB +5%. VMW +5%. GFI +5%. TM +4%. VOD +4%. HBC +4%. MGM +3%.
  Losers: CELG -13%. URBN -8%. APOL -8%. IDTI -7%. TSM -7%. SOL -5%. FIS -5%. BAC -5%. TER -4%. AXE -4%. DRYS -4%. WLT -4%. LSI -4%. CIT -4%. JPM -3%. MS -3%. WFC -3%. X -3%. C -3%. S -3%. F -3%. Comment!

• Tuesday, March 10, 2009

• 11:48 AM In an upbeat sign for the chip industry, Taiwan Semi (TSM) raises its revenue and margin guidance, citing "quick orders from customers, especially from the mainland Chinese market, and a stronger U.S. dollar." TSM +7.4%. Comment!

• Friday, February 20, 2009

• 14:34 PM Semiconductor industry hasn't hit its bottom yet, Taiwan Semi (TSM) chief Morris Chang says. He predicts it will take chipmakers until 2012 to reach its 2008 revenue level. Comment!

• Thursday, January 22, 2009

• 06:58 AM Taiwan Semi (TSM): Q4 EPS of $0.07 in-line. Revenue of $1.96B (-32.1%) vs. $1.95B. (PR) Comment!