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Stock Market & Financial Investment News

News Breaks
December 6, 2012
10:09 EDTNFLX, MET, MMR, IHG, JDSU, SNI, CBL, PXP, GWW, AZO, WRI, FCX, ASNAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Ascena Retail (ASNA) downgraded to Hold from Buy at BB&T... AutoZone (AZO) downgraded to Perform from Outperform at Oppenheimer... CBL & Associates (CBL) downgraded to Sell from Neutral at UBS... Freeport McMoRan (FCX) downgraded to Hold from Buy at Deutsche Bank... Grainger (GWW) downgraded to Neutral from Buy at UBS... Scripps Networks (SNI) downgraded to Neutral from Buy at Goldman... Weingarten Realty (WRI) downgraded to Sell from Neutral at UBS... Plains Exploration (PXP)downgraded to Market Perform from Outperform at BMO Capital... JDSU (JDSU) downgraded to Market Perform from Outperform at Raymond James... Intercontinental Hotels (IHG) downgraded to Neutral from Outperform at Credit Suisse... MetLife (MET) downgraded to Equal Weight from Overweight at Barclays... Netflix (NFLX) downgraded to Below Average from Average at Caris... McMoRan Exploration (MMR) downgraded to Neutral from Add at Capital One.
News For ASNA;AZO;CBL;FCX;GWW;SNI;WRI;PXP;JDSU;IHG;MET;NFLX;MMR From The Last 14 Days
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April 15, 2015
13:53 EDTNFLXNetflix April volatility elevated into Q1 and outlook
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13:18 EDTNFLXNetflix technical commentary ahead of earnings
Ahead of results the stock is trading relatively close, on a percentage basis, to its 52-week high and life high at $489.28. The technical disposition of the stock has always been somewhat problematic given the large number of discontinuities, gaps, on the chart. Despite an extreme valuation, sentiment in the stock has not wavered from strongly bullish, leaving the more than 8.5% of shares short in the float vulnerable to squeezes. That in large measure has been the source of the discontinuities on the chart. In the past few months the stock has largely traded in a wide range of $400 at the low and $480 at the high. Breaks of either end of this range are likely to determine how shares trade post-earnings. On a move above $480 and the life high at $489.29 there is no resistance. If the upward trend from April 2013 until early March 2014 is projected forward in time, a price objective of $560 might be possible on very bullish news or outlook. But the move could be even stronger than that based on previous extreme reactions to earnings news. If the news disappoints with a bearish outlook relative to very high expectations in the name, the low at $400 could easily be tested. Below that support, the next downside objective could be at the $380 to $375 area. This has previously been a zone of support and resistance. A move to these levels would break the long-term uptrend which has paused for the last 13 months. A slow migration down to the $300 area might then be possible over time. That level has previously been important support for the stock. It along with the $480 level constitutes a large scale rectangle of a trading range from March 2014 onward which is best seen on a 5-year chart.
12:39 EDTNFLXEarnings Watch: Netflix shares trading up 35% since last earnings report
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10:36 EDTMETBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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10:00 EDTASNAOn The Fly: Analyst Initiation Summary
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09:35 EDTNFLXActive equity options trading on open
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09:03 EDTNFLXNetflix collaborates with Silverback Films and WWF for 'Our Planet'
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08:32 EDTSNIThe Detroit Economic Club to hold a meeting
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07:50 EDTSNIScripps Networks management to meet with UBS
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06:56 EDTASNAAscena Retail initiated with a Buy at Guggenheim
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April 14, 2015
16:00 EDTNFLXOptions Update; April 14, 2015
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11:55 EDTJDSUCommunication equipment stocks active after potential Nokia-Alcatel deal
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10:42 EDTMETWheeler retirement adds uncertainty to MetLife CEO succession, says Wells Fargo
Wells Fargo said the retirement of Metlife's President of the Americas Bill Wheeler was unexpected and adds uncertainty around the issue of CEO succession, since Wheeler was widely viewed as a possible successor to CEO Steve Kandarian. Wheeler's exit leaves the company with no clear front runner to next take up the CEO post, said the firm, which has an Outperform rating on Metlife shares.
10:01 EDTSNIOn The Fly: Analyst Downgrade Summary
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09:35 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:11 EDTNFLXDISH says Netflix now availble to Joey clients
DISH (DISH) announced that it began making Netflix (NFLX) available on Hopper’s accompanying Joey units for second, third and fourth-room viewing. With this update, DISH becomes the first major U.S. pay-TV provider to offer its customers a whole-home Netflix experience, the company said. The Joey launch follows the launch of the Netflix app on its second-generation Hopper DVR in December, DISH noted. DISH also said it became the first pay-TV provider to offer Vevo, which gives customers access to more than 140,000 music videos from their TV. The new Vevo app begins rolling out to DISH’s second-generation Hopper today.
08:57 EDTNFLXNetflix price target raised to $530 from $450 at Canaccord
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08:36 EDTMETMetLife announces retirement of president of Americas Bill Wheeler
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08:18 EDTNFLXNetflix April volatility elevated into Q1 and outlook
Netflix April call option implied volatility is at 106, May is at 51, June is at 40; compared to its 26-week average of 36 according to Track Data, suggesting larger price movement into the expected release of Q1 results on April 15.
06:06 EDTNFLXNetflix price target raised to $487 from $360 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Netflix shares to $487 from $360 after analyzing the company's total addressable market and potential penetration through 2020. Olson has a "relatively more positive bias" on Netflix after his analysis suggested the company's earnings growth from 2016-2020 will average around 50%. He keeps a Neutral rating on Netflix, however, encouraging investors to take advantage of entry points closer to $400. Olson slightly reduced his 2016 earnings estimates for the company to reflect its continued investments ahead of a "material" earnings growth phase. UBS yesterday upgraded Netflix to Buy from Neutral with a $565 price target. Shares of the streaming service closed yesterday up $20.11 to $474.68.
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