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Stock Market & Financial Investment News

News Breaks
July 22, 2014
09:36 EDTTSLA, FB, AAPL, C, MCD, NFLX, CMG, KO, KNDIActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX FB KO MCD TSLA CMG KNDI TWTR C
News For AAPL;KNDI;NFLX;FB;KO;MCD;TSLA;CMG;C From The Last 14 Days
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July 16, 2015
08:04 EDTCCiti reports Q2 Citicorp revenue $17.8B, up 2% from a year ago
Reports Q2 Global Consumer Banking revenue $8.5B. ICG revenues increased 6% from the prior year period to $8.9B. Citi Holdings revenues of $1.7B in the second quarter 2015 included CVA/DVA of $9M, compared to negative $1M in the prior year period.
08:03 EDTCCiti reports book value per share of $68.27 at end Q2
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08:02 EDTCCiti CEO says Q2 results show 'very balanced performance' across business lines
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08:01 EDTCCiti reports Q2 common equity tier 1 capital ratio 11.4%
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08:00 EDTNFLXNetflix upgraded to Buy from Neutral at Rosenblatt
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08:00 EDTCCiti reports Q2 EPS ex-CVA/DVA $1.45, consensus $1.34
Reports Q2 revenue $19.5B, consensus $19.11B. CVA/DVA was $312M, or $196M, in the second quarter 2015, compared to negative $33M in the prior year period. Second quarter 2014 results also included the impact of a $3.8B charge, or $3.7 billion after-tax, to settle legacy RMBS and CDO-related claims.5 Excluding CVA/DVA, revenues were $19.2B, down 2% from the prior year period. Excluding CVA/DVA and the impact of the mortgage settlement in the prior year period, earnings were $1.45 per diluted share, up 17% from prior year earnings of $1.24 per diluted share. Including CVA/DVA, EPS was $1.51.
07:41 EDTNFLXNetflix long-term domestic subscriber target still unrealistic, says Bernstein
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07:39 EDTNFLXNetflix price target raised to $109 from $103 at Citi
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07:27 EDTNFLXNetflix price target raised to $125 from $83 at Cantor
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07:22 EDTAAPLiPhone average selling prices may be underestimated by Street, says UBS
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07:19 EDTAAPLApple Q3 iPhone estimates raised at Stifel
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07:10 EDTNFLXNetflix price target raised to $128 from $104 at Stifel
Stifel increased its price target on Netflix after the company reported higher than expected Q2 subscriber data and provided higher than expected Q3 subscriber guidance. The firm expects the company to continue to post strong subscriber data and execute well. It reiterates a Buy rating.
06:58 EDTAAPLApple applies for patent for wireless devices with solar cells
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06:46 EDTAAPLApple Watch to roll out in New Zealand July 31, AppleInsider reports
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06:34 EDTNFLXNetflix price target raised to $127 from $89 at JPMorgan
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06:10 EDTNFLXNetflix price target raised to $96 from $70 at Piper Jaffray
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05:56 EDTNFLXNetflix ruling irrelevant to Rovi contract renewals, says B. Riley
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05:52 EDTNFLXRuling in Netflix case a negative for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty says court filings released after yesterday's market close indicate Netflix (NFLX) was granted a motion of summary invalidating all five of the remaining Rovi (ROVI) patents that were being contested. Auty expects Rovi to sell off on the news as investors consider what the ruling may do to the company's upcoming contract renewals with Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and DISH (DISH). The "big 4" choosing to litigate against Rovi is "certainly a possibility," but the companies have bigger patent infringement exposures than an over-the-top vendor like Netflix, Auty writes in a research note. He keeps a Neutral rating on Rovi.
05:46 EDTNFLXStocks with implied volatility movement; NFLX MNKD
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05:16 EDTNFLXRovi provides update on litigation against Netflix
Rovi (ROVI) provided an update on ongoing litigation against Netflix (NFLX). Rovi has been engaged in litigation against Netflix with respect to five patents related to various features and functionality provided by the over-the-top, or OTT, video service. On July 15, Judge Phyllis Hamilton issued a ruling granting Netflix’s motion for summary judgment on the five patents at issue in the current litigation, finding the patents invalid on the grounds that they are not directed to patentable subject matter based upon the Supreme Court’s 2014 ruling in Alice Corp. Pty. Ltd. v. CLS Bank International. As a result, the Court has entered judgment in favor of Netflix in the case. As part of the decision, Judge Hamilton also issued a claim construction ruling in the case in which the Court construed the nine disputed claim terms in the case. The Court ruled in Rovi’s favor on nearly all of the disputed claim terms, only adopting Netflix’s proposed construction of a single term. Importantly, the Court rejected attempts by Netflix to limit the scope of the patents to the area of “broadcast television,” noting that the claims contain no such limitations and the patents refer to other types of media. Furthermore, the Court rejected attempts by Netflix to limit the scope of the patents to set-top box implementations.
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