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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:13 EDTXLNX, THRX, VOLVY, Z, UEIC, TMUS, ZQK, IFNNY, SRLP, MCHP, BIG, TISI, STM, ESRX, BNPQYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BNP Paribas (BNPQY) downgraded to Neutral from Conviction Buy at Goldman... Big Lots (BIG) downgraded to Equalweight from Overweight at Barclays... Express Scripts (ESRX) downgraded at Cowen... Infineon (IFNNY) downgraded to Neutral from Buy at Citigroup... Microchip Technology (MCHP) downgraded to Neutral from Buy at Goldman... Quiksilver (ZQK) downgraded at B. Riley... STMicroelectronics (STM) downgraded to Sell from Neutral at Citigroup... Sprague Resources (SRLP) downgraded to Neutral from Overweight at JPMorgan... T-Mobile (TMUS) downgraded to Neutral from Outperform at Macquarie... Team (TISI) downgraded to Hold from Buy at BB&T... Theravance (THRX) downgraded at RW Baird... Universal Electronics (UEIC) downgraded to Neutral from Buy at B. Riley... Volvo (VOLVY) downgraded to Sell from Neutral at Goldman... Xilinx (XLNX) downgraded to Neutral from Buy at Goldman... Zillow (Z) downgraded at Pacific Crest.
News For BNPQY;BIG;IFNNY;ESRX;MCHP;ZQK;STM;SRLP;TMUS;TISI;THRX;UEIC;VOLVY;XLNX;Z From The Last 14 Days
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November 24, 2014
10:11 EDTTMUSVerizon slips after Citi downgrade on spectrum prices, rising competition
Shares of Verizon (VZ) are falling in early trading after Citigroup downgraded the stock to Neutral from Buy in a note to investors today. WHAT'S NEW: Citigroup analyst Michael Rollins downgraded Verizon, citing the higher than expected price the company will have to pay for wireless spectrum and the increased price competition it is facing. Prices for spectrum currently being auctioned by the FCC are running 36% above Rollins' estimates, the analyst wrote. The higher than expected cost of spectrum implies that the wireless carriers will have higher costs, the analyst explained. Meanwhile, increased competition over consumer prices among the carriers could prevent them from profiting from increased data consumption, Rollins believes. National wireless carriers' outlook for 2015 is unfavorable, warned the analyst, who trimmed his price target on Verizon to $51 from $53. WHAT'S NOTABLE: The total provision winning bids in the AWS-3 auction rose to about $33B after round 26, which was up 3.23% from the prior round, according to data posted to the FCC website on Friday. Companies believed to be bidding in the auction other than Verizon include AT&T (T), T-Mobile (TMUS) and U.S. Cellular (USM). This morning, RBC Capital raised its price target on DISH to $81 from $69, citing the current price points of a spectrum auction. The firm views the price points as a conservative valuation proxy for DISH's AWS-4 spectrum holdings. Analysts at Goldman also raised DISH's price target to $96 from $77 to reflect a higher value for the company's spectrum holdings. PRICE ACTION: In early trading, Verizon fell 2.2% to $49.12, while DISH Network shares rose 3% to $75.86.
09:21 EDTTMUST-Mobile expands Un-carrier 6.0 with addition of 14 streaming services
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November 21, 2014
16:00 EDTTMUSProvision winning bids in FCC AWS-3 auction hit $33B after round 26
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06:27 EDTBNPQYBNP Paribas cuts eight U.S. junk-bond salesmen, WSJ reports
According to sources, BNP Paribas has cut eight junk-bond salesmen in the U.S., The Wall Street Journal reports. The cuts, which were made on Thursday, are said to include team head Kevin Cook. The bank is expected to continue to sell and trade the securities. Reference Link
November 20, 2014
09:08 EDTTMUSDISH CEO looking to boost shares for T-Mobile bid, Fox Business reports
DISH (DISH) CEO Charles Ergen is buying more spectrum in an attempt to boost his company’s share price ahead of a potential T-Mobile (TMUS) takeover bid, Charles Gasparino of Fox Business reports, citing sources.
07:24 EDTZGoldman to hold a conference
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November 19, 2014
13:10 EDTTMUSDISH, Globalstar climb as wireless spectrum bids reportedly jump
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13:06 EDTTMUSDeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
12:40 EDTZZillow volatility low as shares rally on positive mention at Sohn London
Zillow December call option implied volatility is at 49, January is at 48; compared to its 26-week average of 55 according to Track Data, suggesting decreasing price movement after positive mention at Sohn London conference .
09:17 EDTZZillow jumps 5% after positive mention at Sohn London conference
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09:16 EDTZMessara says Zillow shares could reach $770, Bloomberg reports
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07:54 EDTTMUST-Mobile poised to deliver very strong Q4 results, says Oppenheimer
Oppenheimer believes that several trends, including a greatly improved network and higher service revenue from its gross phone adds, will boost T-Mobile in Q4.
07:19 EDTTMUSSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
07:05 EDTBNPQYBNP Paribas executives probed by French prosecutors, WSJ reports
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05:38 EDTVOLVYVolvo reports Oct. truck deliveries down 5% to 22,244 vehicles
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05:32 EDTBNPQYBNP Paribas upgraded to Hold from Underperform at Jefferies
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November 18, 2014
07:37 EDTTHRXStifel to hold a conference
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November 17, 2014
18:32 EDTXLNXOn The Fly: After Hours Movers
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16:21 EDTXLNXXilinx announces $800M share repurchase plan
Xilinx announced that its Board of Directors has granted an authorization for the company to repurchase up to $800M of its common stock, or approximately 7% of its outstanding shares at the current stock price. Since fiscal 2010, the company has repurchased approximately 50M shares for approximately $1.6B. Timing of repurchases and exact number of shares of common stock to be purchased will depend upon prevailing market conditions and other factors.
14:13 EDTZZillow's Agentfolio to shut down
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