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Stock Market & Financial Investment News

News Breaks
February 5, 2013
15:15 EDTZNGA, DIS, UNM, CHRW, GNW, CME, CERN, FISV, CMG, AFL, EXPECompanies reporting After the Market Close on Tuesday, February 5
Notable companies reporting after the closing bell on Tuesday include Aflac (AFL), Cerner (CERN), CH Robinson Worldwide (CHRW), Chipotle Mexican Grill (CMG), CME Group (CME), Expedia (EXPE), Fiserv (FISV), Genworth Financial (GNW), Unum Group (UNM), Walt Disney (DIS), and Zynga (ZNGA).
News For AFL;CERN;CHRW;CMG;CME;EXPE;FISV;GNW;UNM;DIS;ZNGA From The Last 14 Days
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August 20, 2015
06:36 EDTDISBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
06:24 EDTDISTime Warner downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Time Warner (TWX) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Time Warner to $90 from $101 and calls the downgrade a " very close call" with his new price target representing 15% upside from current levels. The analyst also downgraded shares of Disney (DIS) to Market Perform.
06:22 EDTDISDisney downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Disney (DIS) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Disney shares to $114 from $125. The analyst also downgraded shares of Time Warner (TWX) to Market Perform. Shares of Disney closed yesterday down 45c to $106.49. Wells Fargo on Tuesday also downgraded the stock to Market Perform.
August 19, 2015
16:08 EDTCERNLeidos awarded $4.3B DoD contract
Leidos (LDOS) was awarded a prime contract by the Department of Defense, or DoD, to provide an off-the-shelf electronic health record solution, integration activities and deployment across the Military Health System. The contract, known as the Defense Healthcare Management System Modernization, or DHMSM, program, is an initiative designed to modernize the military's healthcare system in a meaningful way, enabling patients and clinicians to capture and share health data that can improve the continuity and quality of care for 9.6M active military, their families, and their beneficiaries. As the prime contractor, Leidos established a team of proven innovators and industry leaders to form the Leidos Partnership for Defense Health. Cerner (CERN), Accenture Federal Services (ACN) and Henry Schein (HSIC) form the core team, complemented with a broad range of large and small business teammates, vendors and suppliers who bring proven experience and expertise specific to both the commercial and DoD healthcare markets.
10:00 EDTCMG, CHRWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Biocept (BIOC) initiated with a Buy at H.C. Wainwright... C.H. Robinson (CHRW) initiated with a Buy at Evercore ISI... Chipotle (CMG) initiated with a Hold at Maxim... Con-way (CNW) initiated with a Buy at Evercore ISI... Dermira (DERM) initiated with an Outperform at Cowen... Expeditors (EXPD) initiated with a Hold at Evercore ISI... Fleetmatics (FLTX) initiated with an In-Line at Imperial Capital... Frontier Communications (FTR) initiated with an Overweight at Stephens... Gevo (GEVO) initiated with a Buy at Rodman & Renshaw... International Game (IGT) initiated with a Sell at Goldman... Knight Transportation (KNX) initiated with a Buy at Evercore ISI... Logitech (LOGI) initiated with a Buy at Rosenblatt... Navistar (NAV) initiated with a Neutral at Macquarie... Panera Bread (PNRA) initiated with a Hold at Maxim... Scientific Games (SGMS) initiated with a Sell at Goldman... Swift Transport (SWFT) initiated with a Hold at Evercore ISI... Tribune Media (TRCO) initiated with an Equal Weight at Morgan Stanley... WEX Inc. (WEX) initiated with an Equal Weight at Barclays... Zoe's Kitchen (ZOES) initiated with a Buy at Maxim.
10:00 EDTAFLOn The Fly: Analyst Downgrade Summary
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07:25 EDTCMESandler O'Neill hosts a tour
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06:16 EDTAFLAflac downgraded to Underperform from Neutral at BofA/Merrill
August 18, 2015
18:52 EDTCMGChipotle initiated with a Hold at Maxim
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17:45 EDTCHRWC.H. Robinson initiated with a Buy at Evercore ISI
Target $81.
16:49 EDTDISOn The Fly: Top stock stories for Tuesday
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16:00 EDTDISOptions Update; August 18, 2015
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11:07 EDTDISDisney has a potential bearish pattern near the trigger point
There is a potential bearish pennant that is developing on the daily chart. A move below $106.50 would confirm that the pattern is active. Downside potential would be to the $92 to $91 area, if the pattern became active and completed. A sustained move above the pattern top at $109 or higher would void the pattern through time and price.
10:17 EDTDISDisney downgraded as Wells moves away from content providers
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10:00 EDTDISOn The Fly: Analyst Downgrade Summary
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07:12 EDTDISDisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
06:16 EDTCMGFast food chains making new push with more fresh ingredients, WSJ says
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August 17, 2015
16:53 EDTDISOn The Fly: Top stock stories for Monday
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07:59 EDTDISDisney plans for Star Wars should ease investor concern, says FBR Capital
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August 16, 2015
14:41 EDTDISDisney announces 'Star Wars' theme park expansion
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