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February 13, 2013
10:01 EDTMDU, PRO, PL, MOH, AHS, ZMH, WU, PM, GRPN, BPL, IRWD, UTIW, NNA, CMCSAOn the Fly: Analyst Upgrade Summary
Todays noteworthy upgrades include: AMN Healthcare (AHS) upgraded to Buy from Neutral at SunTrust... Avon Products (AVP) upgraded to Neutral from Sell at UBS... Comcast (CMCSA) upgraded to Outperform from Neutral at Credit Suisse... Groupon (GRPN) upgraded to Buy from Neutral at Sterne Agee... Molina Healthcare (MOH) upgraded to Buy from Neutral at BofA/Merrill... Navios Acquisition (NNA) upgraded to Outperform from Market Perform at Wells Fargo... Philip Morris (PM) upgraded to Neutral from Reduce at Nomura... Protective Life (PL) upgraded to Neutral from Underperform at BofA/Merrill... UTi Worldwide (UTIW) upgraded to Buy from Hold at Jefferies... Western Union (WU) upgraded to Underperform from Sell at CLSA... Avon Products (AVP) upgraded to Buy from Neutral at B. Riley Caris... PROS (PRO) upgraded to Buy from Hold at Craig-Hallum... Western Union (WU) upgraded to Neutral from Sell at Compass Point... Ironwood (IRWD) upgraded to Neutral from Underperform at Wedbush... Zimmer (ZMH) upgraded to Buy from Hold at Argus... Buckeye Partners (BPL) upgraded to Buy from Hold at Argus... MDU Resources (MDU) upgraded to Buy from Hold at Williams Capital.
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November 24, 2015
12:48 EDTCMCSAComcast role in 'spot' cable ad sales market probed by DoJ, Dow Jones says
The U.S. Justice Department is investigating whether Comcast hinders competition in cable ad sales, Dow Jones added.
10:06 EDTBPLHigh option volume stocks
High option volume stocks: BDBD UNXL NVS SEDG BLOX GPRE SIG BPL TIF DY
November 20, 2015
11:45 EDTCMCSABox Office Battle: 'Hunger Games' finale expected to top box office
Lions Gate's (LGF) "The Hunger Games: Mockingjay - Part 2," the final movie based on the dystopian young adult novels, is opening this weekend at 4,175 theaters and is expecting a domestic gross in the range of $120M-$127M. Piper Jaffray analyst James Marsh said in a note to investors on November 18 that he expects the film to open domestically in the $130M range, above where it is tracking, due to limited competition and the addition of IMAX (IMAX) screens. Piper maintained its Overweight rating and $45 price target on Lions Gate shares at that time. "The Hunger Games" main competition is "Spectre" and "The Peanuts Movie," both of which are in their third weekend of release. Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is expected to earn another $15.2M-$16.8M. Fox's (FOX, FOXA) G-rated family film, starring a 3D-animated Charlie Brown, is predicted to earn an additional $12.5M-$13.2M. In other box office news, the Wall Street Journal reported that Disney's (DIS) "Star Wars: The Force Awakens," which hits theaters on December 18, has had record-breaking pre-sales. Fandango said the film has already sold more tickets than any other movie before its release, which is still four weeks away, and IMAX said the movie has "doubled" its prior pre-sales record of about $9M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Time Warner (TWX), and Viacom (VIA, VIAB).
08:26 EDTMOHManaged Medicaid names unfairly punished yesterday, says Leerink
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07:38 EDTMOHMolina Healthcare weakness a buying opportunity, says UBS
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November 19, 2015
10:23 EDTMOHUnitedHealth selloff on guidance presents buying opportunity, says Leerink
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07:36 EDTPROPROS management to meet with Deutsche Bank
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November 18, 2015
20:01 EDTWUWestern Union confirms acquisition discussions with OzForex
The Western Union Company confirmed that it has submitted a non-binding, indicative proposal to potentially acquire online payments services provider OzForex Group Limited, which is listed on the Australian Stock Exchange. The discussions are at a preliminary stage, and the proposal is subject to detailed diligence and a number of conditions so there is no certainty that a transaction will occur. The company does not intend to provide any further comment on the potential transaction at this time.
19:08 EDTWUOzForex says receives acquisition proposal from Western Union
OzForex Group said it has received a preliminary, non-binding, indicative conditional proposal from Western Union to acquire 100% of the company's shares. The proposal contemplates an all cash consideration of $3.50-$3.70 per OzForex share and is subject to a number of conditions, said the company, including access to due diligence, retention of management, and relevant regulatory approvals. "The board of directors of OzForex intends to evaluate the indicative proposal... Irrespective of whether the indicative proposal proceeds, the board believes that OzForex has a very attractive independent future," remarked the company. Reference Link
17:51 EDTMOHMolina Healthcare subsidiary selected for Medicaid contract awards in Washington
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14:49 EDTWUEarnings Watch: Salesforce shares up 14% since last earnings report
Salesforce (CRM) is scheduled to report third quarter results after the market close on Wednesday, November 18, with a conference call scheduled for 5:00 pm ET. Salesforce is a provider of enterprise cloud computing solutions that include apps and platform services. EXPECTATIONS: Analysts are looking for earnings per share of 19c on revenue of $1.7B, according to First Call. The consensus range for EPS is 17c-20c on revenue of $1.68B-$1.72B. On its last earnings conference call, Salesforce gave Q3 EPS guidance of 18c-19c and revenue guidance of $1.69B-$1.7B. It also gave FY16 EPS guidance of 70c-72c and FY16 revenue of $6.6B-$6.63B. The company expects FY16 operating cash flow growth of approximately 34%-35%. Salesforce said it is now on pace to reach $7B run rate later this year. LAST QUARTER: On August 20, Salesforce reported second quarter EPS of 19c, beating the consensus analyst forecast of 18c. The company's revenue came in at $1.63B, topping the consensus estimate of $1.60B. It reported deferred revenue on balance of $3.03B as of July 31 and Q2 subscription and support revenue of $1.52B. Salesforce added that Q2 was the "best quarter ever" for the company due to momentum in Europe and growth in the adoption of its core platform. NEWS: Salesforce and Western Union (WU) announced an agreement for Western Union to use Sales Cloud, Community Cloud, Analytics Cloud and App Cloud to automate previously paper-based processes. Salesforce also announced plans to extend its strategic partnership with Microsoft (MSFT). The company said it would double its workforce in the Seattle area. STREET RESEARCH: Brean Capital said Salesforce should be a core holding due its new cloud targets, operating margin expansion and revenue growth in the 20%-30% range year over year. Jeffries said it was impressed with the company's DreamForce conference, but kept an Underperform rating on the stock because the net present value of new business may be negative for Salesforce at this time. In late September, Oppenheimer said that the company's checks were positive. It added that Salesforce's share of the market could be increasing and adds that Salesforce's platform strategy is becoming more popular with customers. PRICE ACTION: Salesforce shares are up over 14% since the company's Q2 report. In afternoon trading ahead of Thursday's report, Salesforce shares are up fractionally.
13:15 EDTPROPROS management to meet with William Blair
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10:38 EDTPMPhilip Morris sees FY15 international industry cigarette volume to decline 2.5%
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10:37 EDTPMPhilip Morris announces additional city launches of iQOS
PMI announces additional city launches in 2015 of its Reduced-Risk Product, iQOS, in Lisbon, Portugal, Bucharest, Romania and Moscow, Russia;
10:36 EDTPMPhilip Morris backs FY15 EPS $4.35-$4.40, consensus $4.44
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10:08 EDTGRPNGoPro sinks after analyst finds cameras on flash sales sites
The shares of action camera maker GoPro (GPRO) are sinking and hit a new 52-week low after research firm Piper Jaffray reported that the company has been offering significant discounts on its cameras. WHAT'S NEW: GoPro's cameras have been selling on flash sales websites such as Zulily (ZU) and Groupon (GRPN) at price discounts of 16%-34%, Piper analyst Erinn Murphy wrote in a note to investors today. As a result of these discounts and the 147% increase in GoPro's inventory at the end of the third quarter, the analyst is concerned that the company's gross margin could be pressured. In addition to the discounts GoPro is offering on the flash websites, the camera maker cut the price of its GoPro Session camera on Amazon to $299 from $399 in September and there has been "select downward price movement" on two more of its cameras on Amazon, Murphy reported. The analyst continues to expect GoPro's Q4 earnings per share to come in at 34c, versus analysts' consensus estimate of 41c. She slashed her fiscal 2016 EPS estimate for the company to $1.03 from $1.35, versus the consensus outlook of $1.37. Murphy reduced her price target on the stock to $15 from $20 and kept an Underweight rating on the name. WHAT'S NOTABLE: Ambarella (AMBA) makes chips used in GoPro's cameras. Best Buy (BBY), which is due to report its results tomorrow, sells GoPro's cameras. PRICE ACTION: In early trading, GoPro fell 8% to $19.19. Earlier today, it hit a new 52-week low of $19.04.
09:34 EDTGRPNActive equity options trading on open
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07:50 EDTPROPROS management to meet with Deutsche Bank
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06:39 EDTPME-cigarette sales slumping sharply, WSJ says
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06:16 EDTCMCSAComcast dumps YES Network, WSJ reports
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