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MARKET CURRENTS

  • 5:46 PM With Apple (AAPL) TV set rumors popping up every week, and Google (GOOG) doing whatever it can to make its TV platform a success, the TV industry is about to see a platform war commence that's similar to the mobile industry's fight, argues Forrester. And in that war, Microsoft (MSFT) currently has the pole position thanks to the Xbox and its long list of content deals. Microsoft recently boasted its 40M Xbox Live users spend over half their Xbox time consuming video/music. Comment! [Tech]
  • 5:35 PM Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU Comment! [Earnings]
  • 5:31 PM Shares of Dendreon (DNDN) are trading lower after hours on unconfirmed rumors that the SEC has opened a probe on the company's disclosures. While the company did disclose a formal SEC probe in its May 7th 10Q filing , details may be finally making the rounds. Shares -1.4% AH. Comment! [Healthcare, On the Move]
  • 5:30 PM Notable earnings before Thursday’s open: AAP, CSC, DLTR, GME, PCP, ROST, SHLD, WMT Comment! [Earnings]
  • 5:26 PM More on Limited Brands (LTD): Q1 beats on both revenue and EPS. Net profit actually slid 25% Y/Y however, masking slightly better margins and an overall improvement in same-store sales. The company boosts its FY12 outlook by $0.03, now expecting to earn between $2.63 - $2.83. Shares +3.1% AH. Comment! [Earnings]
  • 5:24 PM As Netflix (NFLX -4.2%) has another down day, CFO David Wells proclaims customers who cancelled their subscriptions last year due to displeasure with Netflix's price hike are rejoining the service, and that rejoining subscribers (those who left a year ago or less) amount to 1/3 of new subscriptions. Of course, that might also be a sign of slowing first-time subscriber adds. Separately, Netflix is rolling out a revamped web video player. Comment! [Tech]
  • 5:15 PM LSB Industries (LXU) shares slid another 7.9% a day after an explosion at one of its facilities shut down the plant indefinitely, but Tom Konrad estimates the potential one-time cost of the accident at less than $0.13/share. He sees "a great chance to get into a stock with a trailing P/E of about 9, no net debt and significant growth expected this year." 1 Comment [Quick Ideas]
  • 5:07 PM Sprint (S) CEO Dan Hesse says his company is open to a major M&A deal, but not until 2014, by which point Sprint's 4G LTE upgrade will be complete. However, Hesse, whose attempt to acquire MetroPCS was thwarted by Sprint's board, notes any deal could be complicated by Sprint's low stock price. Separately, Hesse continues to predict the iPhone will be a profit-maker by 2015; concerns have grown Sprint isn't selling enough of them to absorb its purchase commitment. (previous) Comment! [Tech, M&A]
  • 5:00 PM On the hour: S&P +0.05%. 10-yr -0.02%. Euro -0.01% vs. dollar. Crude +0.13% to $92.76. Gold +0.07% to $1539.35. Comment!
  • 4:56 PM Verizon Wireless' (VZ, VOD) shared data plans, due mid-summer, will be "very different, very innovative, something that really hasn’t been tried before in the industry," boasts Verizon CFO Fran Shammo. 3G/4G tablet makers, whose sales have been crippled by current mobile data plans, hope he isn't bluffing. As part of the move, Verizon will be eliminating unlimited data plans for 3G users who upgrade to 4G. 1 Comment [Tech]
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ANALYSIS FOR WEDNESDAY, MAY 16, 5:45PM ET

DIA -0.06%
SPY -0.32%
QQQ -0.68%
GLD -0.18%

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