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February 19, 2013
05:55 EDTSODA, SODA, SIX, SIX, OC, OC, NFX, NFX, MGM, MGM, GRMN, GRMN, DTE, DTE, DISH, DISH, DVN, DVN, XRAY, XRAY, AEE, AEECompanies reporting Before the Market Open on Wednesday, February 20
Notable companies reporting before the opening bell on Wednesday include Ameren (AEE), DENTSPLY International (XRAY), Devon Energy (DVN), DISH Network (DISH), DTE Energy (DTE), Garmin (GRMN), MGM Resorts International (MGM), Newfield Exploration (NFX), Owens Corning (OC), Six Flags Entertainment (SIX), and Sodastream (SODA).
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October 2, 2015
07:41 EDTMGMChina reported to mull new support for Macau, Bloomberg says
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07:35 EDTMGMMacau reports September casino revenue down 33% to 17.13B patacas
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October 1, 2015
19:23 EDTDISHDISH says FCC to retain certain licenses from AWS-3 spectrum auction
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15:53 EDTDISHTEGNA, DISH agree to eight day contract extension
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10:00 EDTDVNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMEC Foster Wheeler (AMFW) upgraded to Neutral from Underperform at Macquarie... Ares Capital (ARCC) upgraded to Outperform from Neutral at Macquarie... Celgene (CELG) upgraded to Overweight from Neutral at JPMorgan... Deutsche Boerse (DBOEY) upgraded to Overweight from Underweight at Barclays... Devon Energy (DVN) upgraded on valuation, catlysts at Bernstein... HeartWare (HTWR) upgraded to Market Perform from Underperform at Northland... IBERIABANK (IBKC) upgraded to Buy from Hold at Sandler O'Neill... (JD) upgraded to Buy from Hold at Deutsche Bank... Kirby (KEX) upgraded to Neutral from Underperform at Macquarie... Madison Square Garden (MSG) upgraded to Buy from Hold at Jefferies... Microsoft (MSFT) upgraded to Neutral from Underperform at BofA/Merrill... Newell Rubbermaid (NWL) upgraded to Buy from Neutral at B. Riley... Norfolk Southern (NSC) upgraded to Outperform from Peer Perform at Wolfe Research... Pernod Ricard (PDRDY) upgraded to Buy from Neutral at Goldman... RWE AG (RWEOY) upgraded to Sector Perform from Underperform at RBC Capital... SanDisk (SNDK) upgraded to Overweight from Equal Weight at Morgan Stanley... Steven Madden (SHOO) upgraded to Outperform ahead of earnings turn at Telsey Advisory... Trex Company (TREX) upgraded to Strong Buy from Buy at CL King... Universal Health (UHS) upgraded to Overweight from Sector Weight at KeyBanc... Western Digital (WDC) upgraded on transaction, valuation, momentum at Argus... Workday (WDAY) upgraded to Overweight from Equal Weight at Stephens.
08:30 EDTDVNDevon Energy upgraded on valuation, catlysts at Bernstein
As noted earlier, Bernstein upgraded Devon Energy to Outperform from Market Perform. The firm upgraded the stock on valuation, and what it sees as a number of positive catalysts, including improving well results in the Permian and Eagle Ford, and the ramp of the company's oil sands production project buy the end of this year. Target to $58 from $63.
07:43 EDTDVNDevon Energy upgraded to Outperform from Market Perform at Bernstein
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September 30, 2015
10:05 EDTSIXHigh option volume stocks
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10:01 EDTDISHTEGNA says company, DISH have agreed to 24-hour contract extension
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09:31 EDTMGMLas Vegas reports August gaming win down 1.4% to $908.24M
Las Vegas strip August gaming win fell 4.7% to $527.38M. Publicly traded companies in the casino space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
07:42 EDTMGMMacau casinos have new concern with junket embezzlement scandal, WSJ says
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September 29, 2015
13:09 EDTDISHGoogle to bring Showtime, NBA content to Chromecast
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10:00 EDTGRMNOn The Fly: Analyst Initiation Summary
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September 28, 2015
16:07 EDTGRMNGarmin initiated with a Neutral at Sterne Agee CRT
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15:37 EDTMGMLas Vegas Sands abandons plans for South Florida casino, LVRJ says
Las Vegas Sands' (LVS) senior vice president of government relations confirmed published reports that the company has abandoned its effort to build a casino-resort in South Florida, reported the Las Vegas Review Journal. The report, which noted that Wynn Resorts (WYNN), MGM Resorts (MGM), Boyd Gaming (BYD) and Genting Berhad were also involved in the Florida efforts, said that Sands will now focus its attention on a potential development in Georgia. Reference Link
07:50 EDTMGMUBS and Deutsche Bank to co-host a forum
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07:11 EDTDTEDTE Energy sees FY16 EPS $4.80-$5.05, consensus $4.96
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07:11 EDTDTEDTE Energy raises FY15 operating EPS to $4.65-$4.91 from $4.54-$4.90
Earnings given on slide presentation for Investor event.
September 27, 2015
16:21 EDTDISHDISH says TEGNA threatens to initiate channel blackout
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September 25, 2015
10:48 EDTDISHMorgan Stanley cautious on media, but sees several stocks punished too hard
Morgan Stanley cut its price targets on a number of media companies, citing the impact of cord cutting and skinny bundles. The firm also reduced its outlook for the pay-TV sector due to its belief that the adoption of skinny bundles will accelerate, while the outlook for cable TV ads has deteriorated slightly, given macro pressures. The firm kept a Cautious view on the media sector, but also identified several stocks in the space that it thinks have been punished too harshly by investors recently. WHAT'S NEW: TV networks in general, and cable networks in particular, have the highest margins in media and are encountering increased top and bottom line competitive pressures, Morgan Stanley analyst Benjamin Swinburne believes. On the top line, they are being hit by ratings and ad pressures as well as cord cutting and distribution consolidation, the analyst stated. Meanwhile, their profit is being hurt by the increased need to obtain new content and intensified competition for content from new sources like Netflix (NFLX) and Google's (GOOG) YouTube, Swinburne said. However, the analyst thinks that media stocks are "starting to get" cheap, given the leverage that many of the companies carry. Swinburne cuts his price target on 21st Century Fox (FOXA) to $31 from $37, on AMC Networks (AMCX) to $86 from $88, on CBS (CBS) to $46 from $56, on Time Warner (TWX) to $72 from $87 and on Viacom (VIAB) to $48 from $60. He kept Overweight ratings on Fox, AMC and CBS, an Equal Weight rating on Time Warner and an Underweight rating on Viacom. OVERDONE DECLINES: Swinburne believes that the declines in three media stocks - CBS, 21st Century Fox, and AMC Networks - have been overdone, while the decline in Comcast's (CMCSA) stock has also been excessive. CBS and 21st Century Fox are "best positioned for the skinny bundle" and have the cheapest valuations relative to their growth rates, Swinburne believes. Meanwhile, AMC Networks has "content momentum" and its EPS can exceed expectations, the analyst believes. Comcast is gaining share in the broadband Internet market, could take share in video soon, and has sufficient scale and offerings to benefit from the increased popularity of skinny bundles, according to the analyst, who kept an Overweight rating on the stock. The media sector could benefit from consolidation going forward, added Swinburne, who recommended that investors interested in buying potential takeover targets in the space focus on AMC Networks, MSG Networks (MSG) and Dreamworks Animation (DWA). He kept Overweight ratings on all three of those stocks. OTHERS TO WATCH: Besides Comcast, other pay TV companies include DISH Network (DISH) and Charter Communications (CHTR). PRICE ACTION: In early trading, Fox A shares lost 0.5% to $25.83, AMC fell 0.3% to $73.29, CBS added 0.2% to $41, Time Warner was little changed at $67.66 and Comcast A shares added 0.6% to $57.17.
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