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Stock Market & Financial Investment News

News For AHS;CMCSA;GRPN;MOH;NNA;PM;PL;UTIW;WU;PRO;IRWD;ZMH;MDU;BPL From The Last 14 Days
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March 2, 2015
12:40 EDTCMCSATime Warner's 'Focus' takes top box office spot with $19.1M, CBS News says
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12:00 EDTCMCSAFCC probing Comcast, Time Warner Cable, The Verge says
The FCC is investigating whether Comcast (CMCSA) or Time Warner Cable (TWC) limited or restricted companies' ability to access streaming video services, according to The Verge, which cited an FCC document. Disney (DIS), CBS (CBS), and Viacom (VIA) were among the companies approached by the FCC about the matter, The Verge stated. Reference Link
09:06 EDTPMUniversal Corporation announces agreement with Philip Morris
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07:41 EDTGRPNMorgan Stanley to hold a conference
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February 27, 2015
16:58 EDTCMCSAComcast in discussions to buy Visible World, WSJ reports
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09:43 EDTCMCSACongressional Internet Caucus to hold a discussion
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09:33 EDTCMCSATechFreedom and Int'l Center for Law & Economics holds a discussion
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06:07 EDTCMCSATiVo, RPX buy Aereo assets, WSJ says
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February 26, 2015
16:52 EDTCMCSAOn The Fly: Closing Wrap
Stocks on Wall Street moved in a narrow range for most of the session while remaining near record levels. The Nasdaq was the strongest of the indices, as it continues its march towards 5,000. Crude oil prices fell by over 5% during the regular trading session, but recovered a bit in after-hours trading. The market is on pace to complete its fourth consecutive week of gains and close out the month of February with gains after suffering losses in January. ECONOMIC EVENTS: In the U.S., the Consumer Price Index fell 0.7% in January, with the core rate rising 0.2%, versus expectations for the headline CPI to be down 0.6% and the core rate to rise 0.1%. Initial jobless claims rose 31K to 313K in the week ended February 21, versus expectations for 290K first-time claims. Durable goods orders rose 2.8% in January, versus expectations for a 1.6% increase. The FHFA home price index rose 0.8% to 218.6 in December, versus expectations for an increase of 0.5%. COMPANY NEWS: The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including Verizon (VZ), AT&T (T), and Comcast (CMCSA), have opposed the rules, while Netflix (NFLX) has been a strong and vocal supporter of open Internet provisions... Shares of International Business Machines (IBM) slipped $1.94, or 1.19%, to $160.87 after Big Blue held its investor day meeting in NYC. At the meeting, IBM backed its fiscal year profit view but also said that the company now expects currency to impact revenue growth by over 6 points for the full year, which is greater than the impact previously provided based on January 16 spot rates. IBM also said it was shifting $4B into "strategic initiatives," including Big Data, the Cloud, mobile, social and security... Barnes & Noble (BKS) rose $1.67, or 6.89%, to $25.92 after announcing plans to split its Education business from its Retail and NOOK Digital businesses. The separation into two independent, publicly traded companies is anticipated to be completed by the end of August and is intended to be a tax-free distribution to shareholders, B&N noted. MAJOR MOVERS: Among the notable gainers was Emulex (ELX), which jumped $1.57, or 24.69%, to $7.93 after the company agreed to be acquired by Avago Technologies (AVGO) for $606M, or $8 per share in cash. Avago also rose $16.57, or 14.71%, to $129.25 after announcing the deal and reporting "beat and raise" quarterly results. Also higher was UIL Holdings (UIL), which gained $9.74, or 23.01%, to $52.07 after the company agreed to be acquired by Iberdrola USA to create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL shareholders of $52.75, including $10.50 per share paid in the form of cash, the companies said. Among the noteworthy losers was Clayton Williams (CWEI), which fell $11.41, or 17.77%, to $52.79 after the company suspended drilling operations in both of its core resource plays, citing low oil prices, and its shares were downgraded at Wunderlich. Also lower following their earnings reports were network solutions provider Inteliquent (IQNT), which dropped $3.05, or 17.33%, to $14.55, and electric weapons maker TASER (TASR), which slid $4.36, or 16.14%, to $22.68. INDEXES: The Dow fell 10.15, or -0.06%, to 18,214.42, the Nasdaq gained 20.75, or 0.42%, to 4,987.89, and the S&P 500 declined 3.12, or 0.15%, to 2,110.74.
13:00 EDTCMCSAFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTCMCSAFCC Chair says open Internet proposals not a plan to control the Internet
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10:00 EDTGRPNOn The Fly: Analyst Initiation Summary
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08:59 EDTPMAltria Group backs FY15 adjusted EPS $2.75-$2.80, consensus $2.80
Altria (MO) expects to record a one-time, pre-tax charge against reported earnings in Q1, reflecting the loss on early extinguishment of debt related to the tender offer. The final pre-tax charge will depend upon the pricing and amount of notes purchased in the tender offer. EPS guidance excludes the Charge as well as an approximate 2c per share provision that will be recorded by Philip Morris USA (PM) in Q1.
05:43 EDTCMCSACablevision downgraded to Sell from Hold at Brean Capital
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February 25, 2015
16:11 EDTGRPNGroupon initiated with an Equal Weight at Morgan Stanley
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12:48 EDTCMCSAAnalysts upbeat on Comcast despite mixed results
After Comcast (CMCSA) yesterday reported lower than expected fourth quarter profits and higher than expected revenue, analysts remained upbeat on cable giantís outlook. WHAT'S NEW: Weak revenue from NBC Universal, along with lower than expected TV and Internet subscriber totals, weighed on Comcast's results in Q4, Pacific Crest analyst Andy Hargreaves wrote in a note to investors today. Meanwhile, Comcastís profits were hurt by $99M of expenses during the quarter related to its pending acquisition of Time Warner Cable (TWC), the analyst reported. However, the investments that Comcast is making in its broadband and video platform should make its offerings superior to its competitors in all parts of the country, causing its broadband subscriber base to continue to grow, the analyst stated. In a favorable scenario, Comcast's video subscriber totals could rise in 2016, added Hargreaves. Additionally, Comcast's acquisition of Time Warner Cable (TWC) will be approved, enabling it to benefit from synergies, predicted Hargreaves, who kept a $65 price target and Outperform rating on Comcast. Gregory Miller, an analyst at Canaccord, raised his price target on the shares to $70 from $62. The company's results indicate that its underlying operations are solid, Miller wrote. Moreover, Comcast's comments suggest that the growth of the company's cable business could accelerate this year, while NBC's broadcast and theme park businesses could stay strong, according to Miller. The analyst believes that the Time Warner Cable deal will probably be approved. He reiterated a Buy rating on Comcast. PRICE ACTION: In early afternoon trading, Comcast rose 1% to $60.
08:28 EDTCMCSAComcast shares still attractive, says Pacific Crest
After Comcast (CMCSA) reported lower than expected Q4 EPS, Pacific Crest continues to expect the company's acquisition of Time Warner Cable (TWC) to close, and continues to believe that Comcast's stock can rise, driven by synergies, broadband demand, and higher than expected 2016 video subscriptions. Pacific Crest keeps a $65 price target and Outperform rating on the shares.
07:25 EDTCMCSAComcast price target raised to $70 from $62 at Canaccord
Canaccord raised its price target on Comcast (CMCSA) to $70 from $62 despite weaker than expected Q4 results. The firm cited expectations for continued momentum with Cable Communications, Broadcast, and Theme Parks as well as its merger with Time Warner Cable (TWC). Canaccord maintained its Buy rating on Comcast shares.
February 24, 2015
11:53 EDTMDUMDU Resources to hold a seminar
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09:09 EDTCMCSAComcast confident Time Warner Cable transaction to close in early 2015
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08:58 EDTCMCSAComcast sees 2015 program expenses similar to levels of 2014
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08:41 EDTCMCSAComcast confirms support for free and open Internet
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08:12 EDTCMCSAComcast reports Q4 Cable Communications revenue $10.66B
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07:05 EDTCMCSAComcast reports Q4 customer relationships increased 178,000
Consolidated Operating Cash Flow increased 4.1% to $5.9B. Excluding $99M of Time Warner Cable (TWC) and Charter (CHTR) transaction-related costs in Q4, consolidated operating cash flow increased 5.9%. Consolidated Operating Income increased 3.8% to $3.8B. Free Cash Flow increased 18.0% to $1.7B in Q4 compared to $1.4B in the fourth quarter of 2013, reflecting improvements in working capital and growth in consolidated operating cash flow, partially offset by increased capital expenditures and cash taxes on operating items. Customer relationships increased by 178,000 to 27.0 million during the fourth quarter of 2014, a 47% improvement compared to an increase of 121,000 in the fourth quarter of 2013. At the end of the fourth quarter, our triple product customers increased to 37% of total customer relationships compared to 35% in the fourth quarter of 2013. In addition, video, high-speed Internet and voice customers increased in the fourth quarter of 2014.
07:02 EDTCMCSAComcast increases dividend, share repurchases
Comcast Corporation (CMCSA) announced that it increased its dividend by 11.1% to $1.00 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of 25c a share on the companyís common stock, payable on April 22 to shareholders of record as of the close of business on April 1.In addition, Comcast announced that its Board of Directors has increased its stock repurchase program authorization to $10B. At this time, Comcast plans to repurchase $4.25B during 2015, subject to market conditions. Additional stock repurchases will be determined after the closing of the Time Warner Cable (TWC) merger and the subsequent divestiture transactions.
07:02 EDTCMCSAComcast reports Q4 adjusted EPS 77c, consensus 78c
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February 23, 2015
19:40 EDTMOHLeerink healthcare services analyst holds an analyst/industry conference call
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18:20 EDTCMCSAComcast, Time Warner Cable face $20B racial discrimination suit, Reuters reports
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16:17 EDTBPLBuckeye Partners reduces FY14 revenue by $40M due to settlement discussions
Buckeye Partners (BPL) announced revisions to its financial results for Q4 and FY14 due to a recent development. As has been previously disclosed, commencing in September 2012, Delta Air Lines (DAL), JetBlue (JBLU), United/Continental Air Lines (UAL), US Airways, and American Airlines (AAL) filed complaints with the Federal Energy Regulatory Commission challenging rates for transportation of jet fuel from New Jersey to three New York City area airports charged by Buckeye Pipe Line Company, an operating subsidiary of Buckeye. The Airlines are seeking payments for alleged past excessive charges and prospective tariff rate reductions. As the litigation has progressed, BPLC and the Airlines have continued to pursue settlement discussions. Due to positive developments in those settlement discussions subsequent to Buckeye's issuance of its 2014 earnings on Friday, February 6, Buckeye has recorded a reduction in revenue in the amount of $40M for the year ended December 31, 2014 in accordance with applicable accounting guidance regarding contingencies. This reduction in revenue is a one-time charge; therefore, Adjusted EBITDA and distributable cash flow for 2014 remain as reported on February 6th. The $40M is based upon a settlement offer made by BPLC to satisfy the claims for alleged past excessive charges through December 31, 2014, which offer has not been accepted by the Airlines. "While we continue to pursue settlement of this matter, we are not able to predict with certainty the final outcome of the proceeding, should it be carried through to its conclusion, or whether we can reach a satisfactory settlement and, if so, whether or not it will be on more or less favorable terms," the company said.
15:23 EDTCMCSANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
15:10 EDTCMCSAComcast $CMCSA Feb weekly 58 straddle priced for 2.7% movement into Q4
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12:21 EDTMOHOn The Fly: Midday Wrap
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11:10 EDTMOHHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
08:33 EDTCMCSA'Fifty Shades' ticket sales retain top spot at box office, Reuters says
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08:05 EDTMOHCMS releases preliminary Medicare Advantage rates for 2016
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07:38 EDTCMCSAComcast, AT&T deals could be delayed by document access case, WSJ says
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February 20, 2015
12:02 EDTCMCSAComcast management to meet with Jefferies
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10:30 EDTGRPNOptions with decreasing implied volatility
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10:01 EDTNNAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Drainage (WMS) initiated with an Outperform at Boenning & Scattergood... Arctic Cat (ACAT) initiated with a Hold at BB&T... Ardmore Shipping (ASC) initiated with an Accumulate at Global Hunter... Baltic Trading (BALT) initiated with a Speculative Buy at Global Hunter... Cash America (CSH) initiated with a Buy at Jefferies... Costamare (CMRE) initiated with an Accumulate at Global Hunter... DHT Holdings (DHT) initiated with a Buy at Global Hunter... Danaos (DAC) initiated with a Neutral at Global Hunter... Diana Containerships (DCIX) initiated with a Neutral at Global Hunter... Diana Shipping (DSX) initiated with a Neutral at Global Hunter... Euronav NV (EURN) initiated with a Buy at Global Hunter... Forest City (FCE.A) initiated with a Neutral at Citigroup... Fox Factory (FOXF) initiated with a Hold at BB&T... Frontline (FRO) initiated with an Accumulate at Global Hunter... Global Ship Lease (GSL) initiated with a Neutral at Global Hunter... GrubHub (GRUB) initiated with an Overweight at Barclays... Jazz Pharmaceuticals (JAZZ) initiated with an Outperform at BMO Capital... Kinder Morgan (KMI) reinstated with an Overweight at Barclays... Liberty Broadband (LBRDA) initiated with an Outperform at FBN Securities... Liberty Interactive (QVCA) initiated with a Sector Perform at FBN Securities... Liberty Media (LMCA) initiated with an Outperform at FBN Securities... MEI Pharma (MEIP) initiated with a Buy at BofA/Merrill... Navios Acquisition (NNA) initiated with a Buy at Global Hunter... Polaris Industries (PII) initiated with a Buy at BB&T... Raven (RAVN) initiated with an Equal Weight at Stephens... Scorpio Bulkers (SALT) initiated with a Speculative Buy at Global Hunter... Scorpio Tankers (STNG) initiated with an Accumulate at Global Hunter... Seaspan (SSW) initiated with a Neutral at Global Hunter... Star Bulk Carriers (SBLK) initiated with a Speculative Buy at Global Hunter... Tsakos Energy (TNP) initiated with a Buy at Global Hunter... U.S. Concrete (USCR) initiated with an Overweight at Stephens.
08:51 EDTMOHMolina Healthcare estimates raised above Street at Sterne Agee
Sterne Agee raised its 2015 EPS estimate for Molina to $3 from $2.13 and increased its 2016 EPS estimate for the company to $4 from $2.95. The firm thinks the company's medical cost results will be better than its current guidance.
07:29 EDTNNANavios Acquisition initiated with a Buy at Global Hunter
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07:18 EDTCMCSAComcast volatility elevated into Q4 and outlook
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06:49 EDTCMCSAMSNBC cancels two talk shows, Politico says
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February 19, 2015
16:24 EDTAHSAMN Healthcare sees Q1 revenue $310M-$314M, consensus $275.11M
Sees Q1 gross margin is expected to be approximately 30.5%. SG&A expenses as a percentage of revenue are expected to be approximately 22.5%. Adjusted EBITDA margin is expected to be 8.5%-9.0%.
16:23 EDTAHSAMN Healthcare reports Q4 adjusted EPS 21c, consensus 18c
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10:44 EDTGRPNOptions with decreasing implied volatility
Options with decreasing implied volatility: VDSI KING ZU AVP GRPN SKX TRIP YPF UPL CYBR
07:30 EDTCMCSANBC 'Nightly News' sees drop in ratings post-Brian Williams, WSJ says
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February 18, 2015
13:38 EDTPMPhilip Morris reaffirms FY15 EPS view $4.27-$4.37, consensus $4.32
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10:32 EDTWU, GRPNOptions with decreasing implied volatility
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09:36 EDTPMAltria Group sees shipping e-vapor products for international market in Q1
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07:13 EDTCMCSANational Association of Regulatory Utility Commission to hold a meeting
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06:56 EDTMOHObamacare enrollment exceeded goal, Politico reports
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06:33 EDTCMCSAJAKKS Pacific signs licensing agreement for Universal Pictures franchise
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February 17, 2015
13:18 EDTGRPNOmega Advisors gives quarterly update on stakes
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12:56 EDTCMCSADecline of TV viewing accelerated, NY Post reports
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10:51 EDTGRPNOptions with decreasing implied volatility
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07:15 EDTCMCSA'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
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