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Stock Market & Financial Investment News

News Breaks
May 20, 2014
10:00 EDTNAVI, GLOP, ALLY, WBC, LUKOY, DLNG, NFLX, EVAR, CONEOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ally Financial (ALLY) initiated with a Buy at Citigroup... CyrusOne (CONE) initiated with a Buy at UBS... Dynagas LNG (DLNG) initiated with an Outperform at Clarkson Capital... GasLog Partners (GLOP) initiated with an Outperform at Clarkson Capital... Lombard Medical (EVAR) initiated with an Overweight at Barclays... Lukoil (LUKOY) initiated with an Outperform at Credit Suisse... Navient (NAVI) initiated with a Buy at Janney Capital... Netflix (NFLX) initiated with a Buy at Topeka... WABCO (WBC) initiated with a Hold at Stifel.
News For ALLY;CONE;DLNG;GLOP;EVAR;LUKOY;NAVI;NFLX;WBC From The Last 14 Days
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February 26, 2015
12:55 EDTNFLXFCC Chair says open Internet proposals not a plan to control the Internet
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09:35 EDTNFLXActive equity options trading on open
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08:39 EDTCONECyrusOne management to meet with UBS
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February 25, 2015
11:47 EDTNFLXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
11:19 EDTNFLXNetflix to premiere five new shows for kids
Netflix announced that it is adding five new animated and live-action comedy series to its selection of kids and family entertainment. These include Danger Mouse, planned for Spring 2016, Inspector Gadget in March 2015, Some Assembly Required in Summer 2015, Bottersnikes & Gumbles in Spring 2016 and SUPER 4, a new CGI animated series inspired by PLAYMOBIL, which makes its U.S. premiere in April exclusively on Netflix.
09:03 EDTNAVINavient acquires asset recovery firm Gila
Navient announced that it has acquired Gila, an Austin, Texas-based asset recovery and business process outsourcing firm focused on the state and local government market, serving more than 600 clients in 39 states. Commonly known as Municipal Services Bureau, or MSB, the firm provides receivables management services and account processing solutions for state governments, court systems and municipalities. The firm is expected to generate approximately $70M in revenue in 2015.
February 24, 2015
10:01 EDTNFLXNetflix teams up with Judd Apatow for 'Pee-wee's Big Holiday'
Netflix will premiere exclusively in all of its territories the new feature film, Pee-wee's Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman. Judd Apatow and Reubens, who worked together to bring the project to fruition, will produce the film. Production is slated to begin in early 2015.
07:15 EDTNFLXNetflix may enter Russia within two years, Hollywood Reporter says
Netflix' head of communications in Europe, Joris Evers, says the company hopes to make its entrance in Russia within the next two years, The Hollywood Reporter says. Reference Link
February 23, 2015
07:46 EDTNAVIJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
February 20, 2015
08:11 EDTALLYAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:04 EDTALLYAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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February 19, 2015
16:01 EDTNFLXOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
10:24 EDTWBCWABCO to host investor day
Investor day to be held in New York on February 26 at 8 am. Webcast Link
08:44 EDTCONECyrusOne Q4 results positive, guidance conservative, says Stifel
After CyrusOne reported stronger than expected Q4 results, Stifel views the results as evidence that the company's flexible and service-driven model continues to gain traction with enterprise customers. The firm thinks the company executed well in Q4, and it views the company's guidance as conservative. Stifel keeps a Buy rating on the shares.
February 18, 2015
16:00 EDTNFLXOptions Update; February 18, 2015
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09:37 EDTNFLXOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
07:25 EDTCONECyrusOne reports Q4 normalized FFO 48c, consensus 42c
Reports Q4 revenue $86.9M, consensus $85.6M.
07:25 EDTCONECyrusOne sees FY15 normalized FFO $1.90-$2.00, consensus $1.97
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07:08 EDTDLNGDynagas LNG reports Q4 adjusted EPS 44c, consensus 42c
Reports Q4 revenue $36.38M, consensus $35.31M.
February 17, 2015
08:54 EDTWBCWABCO remains top truck idea, says RW Baird
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