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Stock Market & Financial Investment News

News Breaks
May 24, 2013
17:08 EDTSTRZA, BRK.A, LMCABerkshire Hathaway reports 5.03% passive stake in Starz
News For A;STRZA;LMCA From The Last 14 Days
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February 8, 2016
07:55 EDTSTRZALionsgate shares undervalued, says Stifel
Stifel says that Lionsgate's current equity price "somewhat overlooks" the evolution of the company's business model since the first "Hunger Games" movie was released. The firm notes that the company's EPS has risen since then, while its products have become more diversified. Stifel expects the company's merger with Starz (STRZA) to be delayed as a result of the sharp decline in its share price, but it believes that Lionsgate's stock is undervalued at current levels. Stifel cut its price target on the shares to $25 from $35 but keeps a Buy rating on the stock.
05:51 EDTSTRZALionsgate post-earnings selloff 'well overdone,' says JPMorgan
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February 5, 2016
16:12 EDTSTRZAOn The Fly: Top stock stories for Friday
Stocks began the session in negative territory and remained there throughout the day. The monthly jobs report showed job growth had slowed more that expected in January, along with indicating higher than expected wage inflation due to the minimum wage increases around the country. Also weighing on the market were the worse than expected forecasts from some companies with previously high-flying stocks, including professional social network operator LinkedIn (LNKD). The Nasdaq was the biggest decliner losing more than 3% of its value, though the S&P and Dow also finished with significant losses. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 151,000 in January, versus expectations for an increase of 190,000. The unemployment rate fell to 4.9%, versus expectations for it to stay at 5.0%. Average hourly earnings climbed 0.5% month-over-month, versus the consensus forecast for them to rise 0.3%. The trade deficit widened 2.7% to $43.4B in December, as exports dipped 0.3% and imports rose 0.3%. Consumer credit surged $21.3B in December, topping the $16B increase that was expected. COMPANY NEWS: LinkedIn plunged 43.68% to $108.49 after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock. "Big Data" software provider Tableau (DATA) similarly issued full-year guidance significantly below expectations and also fell sharply, tumbling 49.57% to $41.27. A number of companies that sell software to businesses fell in the wake of their reports, including Splunk (SPLK), Qlik Technologies (QLIK), NetSuite (N), Salesforce (CRM) and Workday (WDAY). MAJOR MOVERS: Among the notable gainers following their earnings reports were packaged foods maker Post Holdings (POST), which gained 11.14% to $63.83, and meat producer Tyson Foods (TSN), which advanced Among the noteworthy losers was Lionsgate (LGF), falling 27% to $18.57 after its third quarter revenue and earnings declined, which the company attributed to the performance of its theatrical film slate. Lionsgate's post-earnings pullback also weighed on Starz (STRZA), which fell 22.2%. Bloomberg reported earlier in the week, citing sources, that Lionsgate had restarted talks to possibly acquire Starz. Also lower following their earnings reports were shares of Redbox parent Outerwall (OUTR), which fell 17.28%, and Hanesbrands (HBI), which slid 15.1%. INDEXES: The Dow fell 211.75, or 1.29%, to 16,204.83, the Nasdaq lost 146.42, or 3.25%, to 4,363.14, and the S&P 500 declined 35.43, or 1.85%, to 1,880.02.
09:51 EDTSTRZALionsgate says cannot talk specifically about Starz
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February 4, 2016
15:59 EDTAOptions Update; February 4, 2016
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12:55 EDTAAgilent sues Twist, claiming trade secret theft, WSJ reports
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February 3, 2016
18:53 EDTSTRZALionsgate restarts talks to acquire Starz, Bloomberg says
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15:50 EDTSTRZALionsgate restarts talks with Starz on possible acquisition, Bloomberg reports
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