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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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April 20, 2015
09:52 EDTCMCSARovi deal with Charter a 'material' positive, says Piper Jaffray
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08:37 EDTGRPNKKR, Anchor Equity to acquire controlling stake in Groupon's Ticket Monster
Private equity investor Anchor Equity Partners and global investment firm KKR (KKR) have signed a definitive agreement to acquire a controlling stake in leading South Korean mobile commerce company Ticket Monster from Groupon (GRPN). Anchor and KKR, in conjunction with TMONís management, will jointly acquire a controlling stake in TMON and will inject new capital into the company to help fund its future growth opportunities. Anchor and KKR will hold equal stakes in the company. Some of the worldís largest pension, sovereign wealth funds and institutional investors, including the Canada Pension Plan Investment Board and Pavilion Capital, will also be participating as investors in this transaction. Groupon, which acquired TMON in January 2014, will retain a fully diluted 41% minority stake in the company. The investment is based on a $782M fully diluted valuation of TMON. KKR and Anchor will work closely with TMONís co-founder and CEO Dan Shin and the management team to grow the business. The transaction is expected to close in the second quarter of 2015, subject to regulatory and customary closing conditions.
08:35 EDTGRPNGroupon continues to see FY15 adjusted EBITDA greater than $315M
08:35 EDTGRPNGroupon raises Q1 adjusted EPS view to 1c-3c from 0c-2c
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08:33 EDTGRPNGroupon board approves new $300M share repurchase program
Groupon announced its Board of Directors has approved a new $300M share repurchase program, subject to the closing of the TMON sale. The authorization includes the flexibility for accelerated repurchases and purchases over time in the open market in accordance with our current practice. The new plan is expected to commence with the closing of the TMON sale and will run through August of 2017. Groupon expects to continue repurchases under its existing $300M share repurchase program approved in 2013. That program had $83M of authorized repurchases remaining as of March 31, 2015, and is set to expire in August of 2015. Share repurchases are subject to market conditions and other factors.
08:33 EDTGRPNGroupon agees to sell 46% stake in Ticket Monster to KKR for $360M
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07:56 EDTCMCSACharter would pursue Time Warner if Comcast deal blocked, says UBS
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06:39 EDTCMCSADOJ lawyers leaning towards recommending block of Comcast deal, NY Times says
The Justice Department's staff lawyers are leaning towards recommending that Comcast's (CMCSA) takeover of Time Warner Cable (TWC) be blocked, according to The New York Times, which cited an unnamed source. Reference Link
05:55 EDTCMCSAStocks with implied volatility movement; RSX CMCSA
Stocks with implied volatility movement; Market Vectors Russia ETF (RSX) 40, Comcast (CMCSA) 25 according to iVolatility.
April 19, 2015
15:24 EDTCMCSAComcast's 'Furious 7' leads U.S. weekend box office with $29.1M
For the weekend of April 19, Universal's (CMCSA, CMCSK) "Furious 7" topped domestic box office charts at $29.1M. Sony's (SNE) "Paul Blart: Mall Cop 2" landed in second place with $24M for the weekend while Universal's "Unfriended" came in third with $16M. Fox's (FOX, FOXA) "Home" and "The Longest Ride" took fourth and fifth place at $10.3M and $6.8M, respectively. Data gathered by Rentrak.
12:23 EDTCMCSATime Warner Cable, Comcast set to meet with DoJ, WSJ says
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April 17, 2015
16:31 EDTCMCSAStocks end week lower amid earnings reports, fear about Greece, China
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16:24 EDTCMCSAOn The Fly: Top stock stories for Friday
Stocks on Wall Street began the session deep in negative territory and remained there throughout the day. The losses were broad based, with the S&P 500 losing 1% and the Dow and Nasdaq each sliding about 1.5%. There was little in the way of buying, as the number of declining stocks dwarfed the number of advancing stocks. Fears about Greece exiting the euro, steps taken by securities regulators in China and inflation data here at home were all pointed to as potential contributors to the down day in the market. The slide also coincided with the expiration of options, which can lead to volatility and heavy volume. ECONOMIC EVENTS: In the U.S., the headline Consumer Price Index rose 0.2% in March, versus expectations for it to be up 0.3%. The "core" rate, excluding food and energy prices, rose 0.2%, as expected. The leading economic index rose 0.2% to 121.4 in March, versus expectations for it to be up 0.3%. The University of Michigan consumer sentiment index jumped 2.9 points to 95.9 in the preliminary print for April, topping expectations for a 94.0 reading. In China, announcements by Chinese securities regulators, the Shanghai and Shenzhen stock exchanges, and related bodies raised fears of a selloff in China. The China Securities Regulatory Commission imposed sanctions to try to control margin buying of stocks with borrowed money and the Securities Association of China said it will allow fund managers to lend stocks for short selling to increase the supply of shares. In Europe, strategists reportedly said a lack of progress in negotiations between Greece and its creditors had substantially increased the risk of Greece defaulting on its debt and even exiting the euro. COMPANY NEWS: Shares of both Comcast (CMCSA) and Time Warner Cable (TWC) dropped after Bloomberg, citing sources, reported that lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block the companies' proposed merger. Spokespeople for Comcast and TWC reportedly told Bloomberg they see "no basis" for a lawsuit to block the transaction. Comcast ended the day down $1.25, or 2.09%, to $58.42, while Time Warner Cable shares slid $8.59, or 5.43%, to $149.61... First the Wall Street Journal, then Bloomberg, reported that Teva Pharmaceutical (TEVA) is internally discussing a potential takeover bid for Mylan (MYL). Shares of both moved higher following the reports, which Mylan responded to by stating that it is fully committed to its stand-alone strategy, including its proposal to acquire Perrigo (PRGO). Mylan Chairman Robert Coury said that rumors of potential interest from Teva have been "circulating for some time," but that such a combination is "without sound industrial logic or cultural fit" and would be unlikely to receive antitrust regulatory clearances. Coury added that Mylan's board would "carefully consider" a bid if any party makes an "actual offer" to acquire the company. Shares of General Electric (GE) reported a loss of $1.35 per share due to large charges related to its planned exit from the majority of its GE Capital business. Adjusting for special items, GE's operating earnings per share of 31c topped the consensus forecast by 1c. Additionally, GE said it has received "strong inbound interest" in its GE Capital assets following the company's April 10 investor update. MAJOR MOVERS: Among the notable gainers following their earnings reports were Celanese (CE), which rose $9.04, or 15.55%, to $67.18, and Mattel (MAT), which advanced $1.48, or 5.84%, to $26.75. Among the noteworthy losers after their quarterly reports were SerivceNow (NOW), which fell $9.55, or 11.53%, to $73.29, and Advanced Micro Devices (AMD), which dropped 29c, or 10.28%, to $2.58. INDEXES: The Dow declined 279.47, or 1.54%, to 17,826.30, the Nasdaq fell 75.98, or 1.52%, to 4,931.81, and the S&P 500 dropped 23.81, or 1.13%, to 2,081.18.
15:28 EDTCMCSACable stocks should be bought on weakness, says FBN Securities
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14:46 EDTCMCSATime Warner Cable says no indication from DOJ that lawyer leaning against deal
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14:37 EDTCMCSAComcast announces 2 Gigabit residential service In California
Comcast announced it will launch Extreme 250, a new 250 Mbps Internet speed tier for California customers. The company also will increase its Performance tier from 50 Mbps to 75 Mbps and its Blast tier from 105 Mbps to 150 Mbps, both at no additional cost to customers. These changes will all go into effect starting in May and continue throughout the year. Gigabit Pro will be available to homes within close proximity of Comcast's fiber network and will require installation of professional-grade equipment. Comcast first announced Gigabit Pro in Atlanta earlier this month.
14:09 EDTCMCSATime Warner Cable options active on report says DOJ leaning toward lawsuit
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14:06 EDTCMCSADOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block Comcastís (CMCSA) proposed purchase of Time Warner Cable (TWC), according to Bloomberg, citing people familiar with the matter. Staff attorneys could submit their review to Renata Hesse, a deputy assistant attorney general for antitrust, as soon as next week, the report added. John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter Communications (CHTR) would look to buy Time Warner Cable if its deal with Comcast falls through. Shares of Comcast are down 2.6% to $58.11 in afternoon trading after Bloomberg's report, while Time Warner Cable shares are down 5.6% to $149.30. Reference Link
14:00 EDTCMCSATime Warner Cable drops 5.5% after Bloomberg says DOJ leaning toward lawsuit
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13:57 EDTCMCSADOJ close to recommending suit to block Comcast-TWC deal, Bloomberg says
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07:46 EDTPMPhilip Morris price target raised to $94-$96 from $87-$89 at Wells Fargo
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06:36 EDTPMTeenagers' use of e-cigarettes tripled last year, NY Times says
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06:17 EDTCMCSAVerizon to offer monthly custom TV plans, Reuters reports
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April 16, 2015
19:00 EDTPROOn The Fly: After Hours Movers
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16:21 EDTPMOn The Fly: Top stock stories for Thursday
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16:08 EDTPROPROS reports Q1 preliminary non-GAAP EPS (10c)-(9c), consensus (5c)
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13:21 EDTPMPhilip Morris upgraded to Outperform from Market Perform at Cowen
12:37 EDTPMOn The Fly: Top stock stories at midday
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12:12 EDTPMPhilip Morris trades higher post-earnings, levels to watch
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10:04 EDTPMHigh option volume stocks
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09:36 EDTPMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
09:18 EDTPMOn The Fly: Pre-market Movers
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08:33 EDTNNANavios Acquisition chartered out one VLCC, two MR2 product tankers
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07:07 EDTPMPhilip Morris raises FY15 reported EPS view to $4.32-$4.42 from $4.27-$4.37
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07:04 EDTPMPhilip Morris reports Q1 adjusted EPS $1.16, consensus $1.01
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April 15, 2015
18:36 EDTCMCSANetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
14:32 EDTPMPhilip Morris technical comments before earnings
The shares have been in a downtrend since a recent peak in price back in early November of last year. If the news is more bullish than traders appear to expect, the first level of significant resistance would be at $79.95 which is the 50-day moving average. A move back above that resistance line would see next upside at $81.08 and then at $82.57. Such moves would reverse the shorter-term trend to bullish. If the news continues to disappoint, the 52-week low at $75.27 would be first significant support. Looking at a 5-year chart, the important of the $75 area becomes clear. It was previously a pivot high in January 2012, and then support in early February of last year. A breakdown below this level would therefore have strongly bearish implications, setting a long-term topping process into motion. Support below $75 would be at $72.85.
09:47 EDTCMCSAComcast price target raised to $84 from $70 at BofA/Merrill
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08:07 EDTPMPhilip Morris April volatility elevated into Q1 and outlook
Philip Morris April call option implied volatility is at 49, May is at 16, June is at 15, September is at 14; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into its expected release of Q1 results on April 16.
April 14, 2015
14:48 EDTZMHZimmer, Stryker have mixed read through from J&J results, says Wells Fargo
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12:36 EDTPMTobacco companies file suit against FDA over labeling guidance, Reuters says
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12:19 EDTPMTobacco companies file suit against FDA over labeling guidance, Reuters says
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10:00 EDTGRPNGroupon core business still key to valuation, says Piper Jaffray
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07:00 EDTGRPNKKR investor consortium close to deal to buy stake in Ticket Monster, WSJ says
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05:51 EDTCMCSANBCUniversal teams with Germany, France broadcasters to create shows, WSJ says
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April 13, 2015
17:07 EDTZMHZimmer announces extension of outside date for pending Biomet merger
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10:58 EDTMOHCigna, Humana seen as potential takeover targets in Managed Care space
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10:00 EDTPMOn The Fly: Analyst Downgrade Summary
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09:04 EDTPMPhilip Morris downgraded to Hold from Buy at Argus
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08:56 EDTCMCSACPUC Commissioner asking for Comcast deal to be rejected, CT Financial News says
California Public Utilities Commissioner Mike Florio filed an alternate proposed decision on the planned merger of Comcast (CMCSA) and Time Warner Cable (TWC) that, in effect, asks the other four commissioners to reject a preliminary approval of the merger issued by a CPUC administrative law that included 25 conditions that Comcast must agree to in order to secure the pact, said CT Financial News. Reference Link
08:02 EDTPMPhilip Morris shares should be bought ahead of Q1 earnings, says Wells Fargo
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07:33 EDTMOHJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
07:22 EDTCMCSAWave of media M&A may be on the way, WSJ says
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07:13 EDTBPLWells Fargo to hold a conference
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April 12, 2015
15:58 EDTCMCSAComcast's 'Furious 7' maintains lead at weekend box office with $60.6M
Rentrak announced the official domestic weekend box office estimates for the weekend of April 12, as compiled by the company's theatrical measurement services. Universal's (CMCSA) "Furious 7" topped the domestic weekend box office with $60M; 21st Century Fox's (FOX, FOXA) "Home" came in second place at the box office with $19M; 21st Century Fox's (FOX, FOXA) "The Longest Ride" came in third place with with $13.5M; Warner Bros.' (TWX) "Get Hard" came in fourth place with with $8.6M and Disney's (DIS) "Cinderella" came in fifth place with $7.2M.
April 9, 2015
11:11 EDTGRPNOptions with increasing implied volatility
Options with increasing implied volatility: TLM WETF GRPN TRIP GMCR MYL AOL WB WFM EA
09:25 EDTZMHBiomet results positive for Zimmer deal accretion, says Wells Fargo
Wells Fargo says the key takeaway from Bioment's Q3 results this morning was the company's "significant" margin improvement. The results give Wells more confidence that Zimmer's earnings accretion estimate for the acquisition is attainable and could mean potential upside.
07:44 EDTCMCSAComcast risks overblown, shares offer attractive upside, says Jefferies
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April 8, 2015
11:29 EDTGRPNOptions with increasing implied volatility
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10:01 EDTPROOn The Fly: Analyst Initiation Summary
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07:11 EDTPROPROS initiated with a Buy at Deutsche Bank
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April 7, 2015
15:57 EDTGRPNGroupon considering sale of Breadcrumb business unit, Re/code says
Groupon executives have discussed the possibility of divesting some or all of its unit that makes checkout software for restaurants and bars, Breadcrumb, and even floated it to a competitor recently, according to Re/code, citing multiple sources. Reference Link
14:41 EDTCMCSASTX Entertainment, Universal Pictures Home Entertainment in partnership
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12:36 EDTGRPNOptions with increasing implied volatility
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09:03 EDTCMCSAEA, Illumination Entertainment, Universal Partnerships announce collaboration
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08:07 EDTCMCSAComcast expands fiber network throughout Denver metro area
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07:51 EDTUTIWUTi Worldwide management to meet with Stephens
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07:39 EDTMOHSome managed care stocks could be pressured by CMS decision, says Stifel
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05:48 EDTGRPN Stocks with implied volatility movement; GRPN GMCR
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