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July 24, 2014
10:03 EDTXLNX, WNRL, VIP, WIBC, VZ, UIS, TSCO, PEP, MKTX, HBNC, CKEC, CIB, HNT, AVB, ANFGY, AKAMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akamai (AKAM) upgraded to Outperform from Neutral at Macquarie... Antofagasta (ANFGY) upgraded to Buy from Hold at Jefferies... AvalonBay (AVB) upgraded to Buy from Neutral at ISI Group... Bancolombia (CIB) upgraded to Buy from Neutral at Goldman... Carmike Cinemas (CKEC) upgraded at Topeka... Health Net (HNT) upgraded at BofA/Merrill... Horizon Bancorp (HBNC) upgraded to Buy from Hold at Sandler ONeill... MarketAxess (MKTX) upgraded to Outperform from Market Perform at Raymond James... PepsiCo (PEP) upgraded at Stifel... Tractor Supply (TSCO) upgraded to Buy from Hold at Feltl... Unisys (UIS) upgraded to Positive from Neutral at Susquehanna... Verizon (VZ) upgraded at FBR Capital... VimpelCom (VIP) upgraded to Buy from Neutral at BofA/Merrill... Western Refining Logistics (WNRL) upgraded to Buy from Neutral at Goldman... Wilshire Bancorp (WIBC) upgraded to Strong Buy from Outperform at Raymond James... Xilinx (XLNX) upgraded to Buy from Hold at Argus.
News For AKAM;ANFGY;AVB;CIB;CKEC;HNT;HBNC;MKTX;PEP;TSCO;UIS;VZ;VIP;WNRL;WIBC;XLNX From The Last 14 Days
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July 21, 2015
07:36 EDTVZVerizon says portion of AOL results immaterial to end of Q2
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07:35 EDTVZVerizon backs FY15 capex view of $17.5B-$18B
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07:32 EDTVZVerizon reports Q2 EPS $1.04, consensus $1.01
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07:23 EDTAKAMAkamai and Telecom Italia announce partnership agreement
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06:35 EDTWNRLWestern Refining Logistics initiated with a Hold at Deutsche Bank
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06:20 EDTHNTHealth Net downgraded to Neutral from Buy at Goldman
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July 20, 2015
16:39 EDTPEPPepsiCo initiated with a Buy at Sterne Agee CRT
Target $108.
16:28 EDTAVBAvalonBay initiated with a Buy at SunTrust
Target $191.
16:11 EDTWIBCWilshire Bancorp reports Q2 EPS 20c, consensus 21c
Reports Q2 revenue $48.8M, consensus $50.72M. Reports net interest margin of 3.59% for the second quarter, a decrease from 3.69% for the first quarter.
15:01 EDTVZNotable companies reporting before tomorrow's open
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14:49 EDTVZVerizon July weekly volatility increases into Q2 and outlook
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14:22 EDTVZEarnings Watch: Verizon to report Q2 results after AOL acquisition
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of $1.01 on revenue of $32.45B, according to First Call. The consensus range for EPS is 93c-$1.05 on revenue of $31.75B-$33.0B. LAST QUARTER: Verizon reported first quarter EPS of $1.02 against estimates for 95c on revenue of $32B against estimates for $32.27B. Verizon Wireless had 565,000 retail postpaid net additions in Q1, a 4.8% increase compared with first-quarter 2014. At the end of Q1, the company had 108.6M retail connections, a 5.1% year-over-year increase, and had 102.6M retail postpaid connections. The company added 621,000 4G smartphones to its customer base in Q1. In light of a net decline in 3G smartphones, overall smartphone growth totaled 247,000. The company also added 820,000 4G tablets and reported net declines of 385,000 basic phones and 188,000 prepaid devices in Q1. 4G devices now constitute approximately 70% of the retail postpaid connections base, up from 49% a year ago – with the 4G LTE network handling about 86% of total wireless data traffic in Q1. At 1.03% in Q1, retail postpaid churn improved both sequentially and year over year. Retail postpaid smartphone customer churn was less than 0.9%. Verizon added 133K net new FiOS Internet, and 90K net new FiOS Video connections in Q1. Verizon had totals of 6.7M FiOS Internet and 5.7M FiOS Video connections at the end of the first quarter, representing year-over-year increases of 9.4% and 7.9%, respectively. CEO Lowell McAdam said, “We are confident in our ability to maintain momentum and continue to add value for customers and shareholders.” On May 12, Verizon announced it would acquire AOL for $50 per share, or $4.4B. The transaction was completed on June 23. On May 19, speaking at the JPMorgan Global Technology, Media and Telecom Conference, CFO Fran Shammo said he expects net phone additions in Q2. ANALYST REACTION: Street research has been mostly mixed in the weeks leading up to Verizon’s Q2 earnings report. On May 12, Macquarie downgraded Verizon to Underperform from Neutral with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believed management has made a series of questionable strategic moves beginning with the Vodafone (VOD) deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates. Conversely, on July 9, Stifel resumed coverage of Verizon with a Buy rating and price target of $60 per share. PRICE ACTION: Verizon’s shares are down about 3% since the company's Q1 report. Over the past twelve months, they are down about 5.7%. In afternoon trading ahead of Tuesday's Q2 report, Verizon’s shares are up 0.6%.
July 17, 2015
10:05 EDTTSCOOn The Fly: Analyst Upgrade Summary
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08:34 EDTTSCORetailer survey suggests better Q2 backdrop for Tractor Supply, says Baird
Baird said they expect solid Q2 results from Tractor Supply, citing their retailer survey, which suggests a modestly better sector backdrop than Q1 highlighted by strength in big-ticket items. The firm feels the shares deserve their premium valuation as the company continues to stand out among large-cap peers. Baird reiterated its Outperform rating and $107 price target on Tractor Supply shares.
06:49 EDTTSCOTractor Supply upgraded to Overweight from Neutral at Piper Jaffray
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July 16, 2015
19:27 EDTVZFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
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19:17 EDTHNTAffordable Care Act plan prices to increase 11.2% in 2016, WSJ says
State regulators will begin approving plan price increases for insurance plans purchased on Care Act’s exchanges as early as this month, reports the Wall Street Journal. Nearly every state has plans with premiums increasing over 10%, with some as high as 30%-50%, the Journal adds. Publicly traded companies in the space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Reference Link
11:41 EDTXLNXTSMC slips after reporting Q2 results, cautious outlook
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10:04 EDTVZU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
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06:54 EDTVIPVimpelCom offers Telecel stake to Zimbabwe government, Reuters reports
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