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October 8, 2015
10:15 EDTGRPNGroupon retreats after analyst starts coverage with sell rating
The shares of Groupon (GRPN) after falling after research firm Cowen initiated coverage of the stock with an Underperform rating, the firm's equivalent to a sell, warning that the company's operating margins are "low and trending down." WHAT'S NEW: Groupon's margins are "steadily deteriorating" as the company has lowered the amount it charges retailers who participate in its Services deals, Cowen analyst Kevin Kopelman reported. Moreover, Groupon has begun subsidizing the discounts that Services merchants offer, the analyst said. Meanwhile, the coupon company's Shopping business carries much lower margins than its Services unit and its efforts to raise Shopping's margins have yielded "choppy" progress, according to Kopelman. The year-over-year growth of Groupon's active North America customer base dropped to 10% in Q2, from 18% in the second quarter of 2014, indicating that its core market has peaked, the analyst stated. Noting that Groupon has identified food delivery as its next growth catalyst, Kopelman warned that the space is "hyper-competitive." Yelp (YELP), Amazon (AMZN) and Uber have all announced plans to enter the sector, noted the analyst, who believes that it will be difficult for Groupon to generate return on investment in the space. Kopelman set a $2.75 price target on Groupon. WHAT'S NOTABLE: Grubhub (GRUB) is a key player in the Internet food delivery space. PRICE ACTION: In early trading, Groupon fell 3.7% to $3.68, while GrubHub lost 1% to $28.18.
10:00 EDTGRPNOn The Fly: Analyst Initiation Summary
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09:27 EDTGRPNOn The Fly: Pre-market Movers
HIGHER: Novocure (NVCR), up 10.9% after FDA approves Optune... Neurocrine Biosciences (NBIX), up 15.9% after reporting positive results from its Phase III Kinect 3 study of NBI-98854... Biomed Realty Trust (BMR), up 8.7% after agreeing to be acquired by Blackstone (BX)... EMC (EMC), up 4% following reports that Dell is in talks to acquire the company. DOWN AFTER EARNINGS: Domino's Pizza (DPZ), down 5.1%. ALSO LOWER: Ocean Rig UDW (ORIG), down 16% after receiving notice of a material breach for the Ocean Rig Mylos contract... Shake Shack (SHAK), down 7% after filing to sell up to 26.16M shares of Class A common stock for holders... Groupon (GRPN), down 3.1% after being initiated with an Underperform at Cowen.
08:24 EDTMOHMolina Healthcare unlikely to lose Michigan contract, says Leerink
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07:50 EDTGRPNGroupon initiated with an Underperform at Cowen
Cowen initiated Groupon with an Underperform and $2.75 price target on shares. Cowen analyst Kevin Kopelman said recent growth figures suggest the voucher marketplace has peaked and notes the food delivery space is hyper-competitive, making ROI difficult to generate.
October 7, 2015
15:14 EDTCMCSAAmazon considering possible online service for live TV, Bloomberg says
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15:00 EDTCMCSAAmazon exploring potential online TV service, Bloomberg says
Amazon (AMZN) is said to have reached out to CBS (CBS) and Comcast's (CMCSA) NBCUniversal about online TV, according to Bloomberg.
08:02 EDTCMCSACiti, NBC's TODAY announce multi-year sponsorship
Citi (C) and NBC's (CMCSA) TODAY announced the Citi Concert Series on TODAY, to provide year-round opportunities for millions of Citi customers, TODAY viewers and fans to enjoy live performances by their favorite artists. This new multi-year sponsorship brings together Citi's and TODAY's decades of experience in live entertainment working with thousands of chart-topping artists.
07:52 EDTAHSAMN Healthcare weakness a buying opportunity, says Baird
Baird said the weakness in AMN Healthcare amid the pullback in the healthcare sector is a buying opportunity. The firm said its checks indicate no change in fundamentals and they believes AMN's outlook is excellent. Baird reiterated its Outperform rating and $35 price target on AMN Healthcare shares.
05:58 EDTCMCSAHulu renews, expands programming deal with Viacom, Deadline Hollywood says
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October 6, 2015
16:24 EDTPMUniversal Corporation in pact with Philip Morris to process Polish tobaccos
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October 5, 2015
07:19 EDTWUOpen Mobile Media to hold a summit
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October 1, 2015
07:03 EDTPMPhilip Morris says PT HM Sampoerna announces exercise price for rights issue
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September 30, 2015
17:53 EDTCMCSANBCUniversal reaches advertising deal with YouTube, WSJ says
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13:33 EDTCMCSAFCC review of Charter-TWC deal likely to extend into 1Q16, CTFN says
The FCC's review of Charter Communications' (CHTR) proposed merger with Time Warner Cable (TWC) and Bright House Networks will likely extend into the first quarter of 2016 and could take even longer, CTFN reports, citing an attorney who often deals with telecom issues before the FCC. "...It is virtually impossible for the FCC to complete its review and adopt an order approving the license transfer before 1Q16 and, in my opinion, even getting it done before April 1 is a stretch," Barbara Esbin, a partner at law firm Cinnamon Mueller, told CTFN in an email. Esbin also said that the merger "appears to have drawn none of the heavy flack that felled Comcast (CMCSA)-TWC," a proposal that was nixed by the FCC and DOJ earlier this year, the report says. California utility regulators are also preparing for their own review of the deal since it will particularly effect the southern half of the state, the report says. Reference Link
09:29 EDTBPLBuckeye Partners announces FERC approval of settlement with airlines
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09:21 EDTGRPNOrderUp updates iPhone app to include Apple Pay
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08:32 EDTWUWestern Union Bill Payment service available at Walgreens
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September 29, 2015
11:09 EDTCMCSAGoPro announces launch of channel on Comcast Watchable
GoPro (GPRO) announced it's bringing the GoPro Channel to Watchable, Comcast's (CMCSA, CMCSK) new, cross-platform video service. GoPro's first Multichannel Video Programming Distributor agreement will deliver GoPro content to users on iOS,, and X1. Launching in beta, all Watchable content is free, the company stated.
11:05 EDTCMCSAComcast launches video platform Watchable, Business Insider reports
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