New User:

Forgot your password?

Stock Market & Financial Investment News

Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 >>
October 8, 2015
13:54 EDTNFLXNetflix spikes higher on price hike for standard streaming plan
The shares are up over 2% on the day to $110.35 after hitting as low as $102.62 earlier in the session. There is small bullish flag pattern on the intraday chart that has upside potential to the $116 area. The pattern would not be valid below $109.
13:25 EDTNFLXNetflix shares rise after price for standard plan bumped up to $9.99
Shares of streaming service provider Netflix (NFLX) have moved into positive territory in afternoon trading after the company raised the starting price for its most popular subscription to $9.99 per month. The $1 price increase for a "Standard" subscription, which was reported on by Bloomberg and CNBC, is now reflected on the company's U.S. website. The "Basic" plan, which allows viewing on one screen, is offered to new customers at $7.99 and a four screen "Premium" plan is offered to new U.S. customers for $11.99. Netflix, which was in negative ground prior to Bloomberg's report about the price increase, has turned positive. Shares are up 3% at time of writing near $111.50 per share.
13:11 EDTNFLXNetflix to raise price for two screen plan by $1 per month, Bloomberg reports
Netflix plans to raise the price of its two screen subscription by $1 per month to $9.99 in the U.S., Canada and parts of Latin America, according to Bloomberg, citing a person familiar with the matter. The price will rise first for new customers and existing users will be given some grace period before the increase, the report said, adding that prices for the less popular one screen and four screen plans will not be affected. Reference Link
13:06 EDTNFLXNetflix GoPro volatility at upper end of one-month range
Subscribe for More Information
13:02 EDTNFLXNetflix to raise price for two screen plan by $1 per month, Bloomberg report
The report, which cites a person familiar with the company's plans, said the prices for less popular one screen and four screen plans will not be affected.
11:04 EDTGOOGDirecTV launches Big Knockout Boxing virtual reality app
Subscribe for More Information
09:17 EDTGOOGChannelAdvisor says Amazon September SSS up 19.2%, eBay up 1.1%
Subscribe for More Information
08:04 EDTDISDisney shares a 'great' investment at current levels, says JPMorgan
JPMorgan analyst Alexia Quadrani says Disney remains her top pick in Media heading into the earnings reporting season. The owner of ABC and ESPN is seeing continued strength across all segments and is positioned for "strong" results, Quadrani tells investors in a research note. She continues to view the stock as a "great investment" at current levels. The analyst reiterates an Overweight rating on Disney with a $130 price target. The stock closed yesterday down 40c to $103.37.
07:47 EDTGOOGGoogle shares appear undervalued, says Baird
Subscribe for More Information
06:16 EDTGOOGFingerprint sensors to come on more Android phones in 2016, DigiTimes reports
Subscribe for More Information
05:50 EDTDISMulti Screen Media, ESPN announce agreement to create digital platform in India
Subscribe for More Information
October 7, 2015
17:09 EDTDISVice in talks to buy cable network, Bloomberg says
Subscribe for More Information
16:01 EDTNFLXOptions Update; October 7, 2015
Subscribe for More Information
15:14 EDTCMCSA, NFLX, CBSAmazon considering possible online service for live TV, Bloomberg says
Subscribe for More Information
15:00 EDTCBS, CMCSAAmazon exploring potential online TV service, Bloomberg says
Amazon (AMZN) is said to have reached out to CBS (CBS) and Comcast's (CMCSA) NBCUniversal about online TV, according to Bloomberg.
14:59 EDTGOOGTwitter, LinkedIn sign on to Google accelerated web project
Subscribe for More Information
11:33 EDTGOOGGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.
09:46 EDTCBS, VIABConflict grows at Viacom board around chairman's health, WSJ says
Drama in the boardroom at Viacom (VIA) is brewing amid questions about the health of executive chairman Sumner Redstone, the Wall Street Journal says. Redstone has roughly an 80% voting stake in the company, the report says. Redstone's daughter, Shari Redstone, and Viacom CEO Philippe Dauman both have claims to a major position in Viacom following the death of Sumner, the report says. Redstone said in an emailed statement Tuesday that he established a trust decades ago to ensure that his controlling stake in Viacom and CBS (CBS) would be "professionally managed for the benefit of all shareholders" after he is gone, the report says. Reference Link
08:50 EDTNFLXNetflix Q3 results to be at least in-line, says Pacific Crest
Pacific Crest expects Netflix's Q3 results to be at least in-line with expectations, and it says that Q4 consensus estimates for the company "appear conservative." Specifically, the firm thinks that the consensus Q4 outlook for the company's international business appears to be low. It believes that the company's international business is also well-positioned to exceed expectations in 2016, and it continues to have a positive view of the company's long-term risk/reward outlook. It keeps a $122 price target and Overweight rating on the shares.
08:02 EDTCMCSACiti, NBC's TODAY announce multi-year sponsorship
Citi (C) and NBC's (CMCSA) TODAY announced the Citi Concert Series on TODAY, to provide year-round opportunities for millions of Citi customers, TODAY viewers and fans to enjoy live performances by their favorite artists. This new multi-year sponsorship brings together Citi's and TODAY's decades of experience in live entertainment working with thousands of chart-topping artists.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use