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Stock Market & Financial Investment News

News For CBS;DIS;CMCSA;NWSA;VIAB;GOOG;NFLX;TWC;CVC From The Last 14 Days
Check below for free stories on CBS;DIS;CMCSA;NWSA;VIAB;GOOG;NFLX;TWC;CVC the last two weeks.
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July 25, 2014
19:13 EDTTWCTime Warner Cable seeking faster HBO growth with web-based plan, Bloomberg says
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16:49 EDTNFLXS&P ends week little changed amid earnings deluge
The S&P 500 finished little changed this week as mixed U.S. economic data and continued geopolitical uncertainty offset strong earnings from a number of major companies and upbeat overseas economic data. MACRO NEWS: U.S. economic data was mixed, as fewer than expected jobless claims were reported and durable goods orders for June were slightly higher than expected, but new home sales for June and a preliminary purchasing managers' index for July came in below expectations... Investors received some positive economic news from overseas, as HSBC's preliminary China purchasing managers' index for July reached an 18-month high. Meanwhile, a preliminary PMI for the euro zone for July came in at 54, versus 52.8 in June... Ongoing conflicts between Israel and Hamas and Russia and Ukraine kept investors on edge, with Friday reports indicating that no truce accord had been reached in Israel and that Russia was building up its troop presence along the Ukrainian border. COMPANY NEWS: Among the notable companies whose stocks rose after they reported quarterly results were Facebook (FB), Apple (AAPL), Allergan (AGN) and Chipotle Mexican Grill (CMG). Notable companies whose stocks sold off following their results included Netflix (NFLX), Harley-Davidson (HOG), General Motors (GM), Boeing (BA), McDonald's (MCD) and Pandora (P)... McDonald's was also hit this week by revelations that its restaurants in China had sold expired meat that was allegedly intentionally supplied by a China-based company. Yum! Brands (YUM) and a provider of products to Starbucks (SBUX) are also believed to have bought and sold expired meat from the supplier... In M&A news, Bloomberg reported that real estate website operator Zillow (Z) held talks about buying its rival, Trulia (TRLA). Both stocks surged. Shares of SodaStream (SODA) also rallied after Bloomberg reported that the company is in talks about selling itself to an investment firm that would take the beverage system maker private... On Monday, hedge fund manager Bill Ackman promised on CNBC that his presentation about Herbalife (HLF) would show why the company "is going to collapse." But the shares actually surged higher during and immediately after Ackman's presentation. Ackman has a large short position in the stock and notably alleged it is a pyramid scheme... BlackBerry's (BBRY) CEO told the Financial Times that his company was in early talks about partnering with companies to target the enterprise markets, in order to counter a recently announced partnership between Apple and IBM (IBM). INDEXES: For the week, the Dow fell 0.83% to 16,960.57, the Nasdaq rose 0.4% to 4,449.56, and the S&P was flat at 1,978.34.
16:02 EDTNFLX, GOOGOptions Update; July 25, 2014
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12:49 EDTGOOGYouTube could name music subscription service 'MusicKey,' GigaOM reports
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11:08 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: INO PBYI MLNX DECK INFN CMG QLIK LKX ANGI NFLX
09:37 EDTNFLXActive equity options trading on open
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08:53 EDTNFLXMark Cuban says Netflix 'more game changing' than Twitter right now
Mark Cuban is speaking on CNBC.
07:47 EDTGOOGGoogle X project to gather 'baseline' of healthy human, WSJ says
Google X, the search giant's research arm, is undertaking "Baseline Study," an ambitious project to collect genetic and molecular information first from 175 people, and later from thousands more, to amass a much larger and broader set of new data on what a healthy human being should be than is currently available or being gathered by other mass studies, said The Wall Street Journal. Reference Link
05:55 EDTGOOGGoogle to buy Twitch for $1B, VentureBeat reports
Google will acquire Twitch, a game livestreaming company, for around $1B, sources confirm to VentureBeat. It is unclear when the deal will be announced or what the exactly purchase price will be, but the sources say YouTube is heading the purchase. Reference Link
July 24, 2014
16:00 EDTNFLXiPath S&P 500 VIX Short-Term Futures down 10c to 28.08
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11:01 EDTDISCare.com names Caroline Sheu as Chief Marketing Officer
Care.com (CRCM) announced that it has named Caroline Sheu Chief Marketing Officer for the Company. Sheu joins Care.com from Disney Interactive (DIS) where she had served as Head of Global Marketing since July 2012.
09:36 EDTNFLXActive equity options trading on open
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06:38 EDTGOOGWatchdog says Google evokes memories meant to be omitted, Bloomberg says
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July 23, 2014
13:01 EDTGOOGSprint teams with Google to offer Google Apps for business
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12:27 EDTGOOGGoogle acquires drawElements
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10:02 EDTVIABOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Market Perform from Outperform at Cowen... Brinker (EAT) downgraded to Sector Perform from Outperform at RBC Capital... Cubist (CBST) downgraded to Market Perform from Outperform at JMP Securities... DiamondRock (DRH) downgraded to Neutral from Outperform at RW Baird... DuPont (DD) downgraded to Neutral from Overweight at JPMorgan... FirstMerit (FMER) downgraded to Neutral from Overweight at JPMorgan... Helmerich & Payne (HP) downgraded to Accumulate from Buy at Tudor Pickering... Hexcel (HXL) downgraded to Hold from Buy at Canaccord... Juniper (JNPR) downgraded to Neutral from Buy at BofA/Merrill... King Digital (KING) downgraded at BofA/Merrill... Lexmark (LXK) downgraded at Raymond James... McDonald's (MCD) downgraded at RW Baird... Mead Johnson (MJN) downgraded to Outperform from Buy at CLSA... National Oilwell (NOV) downgraded to Accumulate from Buy at Tudor Pickering... Nintendo (NTDOY) downgraded to Hold from Buy at Jefferies... Raytheon (RTN) downgraded to Market Perform from Outperform at Bernstein... Targa Resources (TRGP) downgraded to Accumulate from Buy at Global Hunter... Time Warner (TWX) downgraded to Market Perform from Outperform at Cowen... Timmins Gold (TGD) downgraded to Market Perform from Outperform at Cowen... United Technologies (UTX) downgraded to Market Perform from Outperform at Wells Fargo... Viacom (VIAB) downgraded to Market Perform from Outperform at Cowen... Xilinx (XLNX) downgraded at BMO Capital.
09:41 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX FB MSFT CELG TWTR TSLA VALE CNW
06:50 EDTGOOGGoogle, Spotify didn't talk about a deal, Re/code says
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06:45 EDTGOOGMicrosoft faces increased competition from MacBooks, Chromebooks, DigiTimes says
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06:36 EDTVIABViacom downgraded to Market Perform from Outperform at Cowen
06:26 EDTGOOGGoogle tried to buy Spotify last year, WSJ reports
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05:59 EDTGOOGYouTube's Chris LaRosa quits as music head, WSJ reports
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July 22, 2014
16:36 EDTNFLXOn The Fly: Closing Wrap
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16:00 EDTNFLXOptions Update; July 22, 2014
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14:06 EDTCMCSAComcast poised for further gains, Barron's reports
Comcast should continue to post gains as it currently trades for just 16.7 times forward earnings while its earnings per share are forecast to grow 18.2% this year and 12% in 2015, Barron's reports. Reference Link
12:30 EDTGOOGEU regulators to revisit Google antitrust settlement, WSJ reports
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12:29 EDTNFLXOn The Fly: Midday Wrap
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11:56 EDTGOOGEU may revise antitrust settlement with Google, Dow reports
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11:53 EDTNFLXStocks with call strike movement; NFLX DAL
Netflix (NFLX) December 510 call option implied volatility decreased 9% to 34, Delta Air Lines (DAL) January 44 call option implied volatility increased 2% to 44 according to IVolatility.
11:10 EDTNFLXNetflix EU expansion modestly positive for Equinix, InterXion, says Wells Fargo
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10:50 EDTNFLXNetflix retreats, analysts remain cautious as earnings miss estimate
Shares of Netflix (NFLX) are falling after several research firms reiterated their negative outlook on the stock following the company's second quarter results. WHAT'S NEW: Last night, Netflix reported Q2 earnings per share of $1.15, missing the consensus forecast of analysts by 1c, on revenue of $1.15B, which fell short of $1.33B consensus forecast. The company reported Q2 total streaming net additions of 1.69M, growing its total streaming members to just over 50M. The company guided to Q3 EPS of 89c and revenue of $1.22B, missing the consensus forecasts of $1.06 and $1.38B, respectively. The company said it expects Q3 net additions of 3.69M, to grow its membership to 53.74M. ANALYST OPINION: After Netflix reported slightly weaker than expected Q2 results and its Q3 guidance came in slightly below expectations, Jefferies analyst Brian Fitzgerald noted that the company indicated that it could lower its 2015 profit margin guidance. Netflix said its margin outlook will depend on the amount it spends on content, Fitzgerald added. The analyst believes that rising content costs pose a risk to the stock. He increased his price target on the shares to $350 from $300 but kept an Underperform rating on the stock. Also staying cautious on Netflix was research firm Bernstein. After Netflix suggested that its domestic margins may not rise as much as previously thought, the firm thinks the statement implies that either the company's subscriber growth could drop significantly or it may need to invest more in content. Additionally, Bernstein believes that the company's strong international guidance was based on the launch of new markets whose early results are difficult to predict. The outlook for the company's domestic subscription growth is still uncertain, but should become clearer in Q4 or the first quarter of 2015, added Bernstein, which kept a $260 price target and Underperform rating on the stock. Meanwhile, Citigroup continued to have an upbeat outlook on the company's fundamentals and its growth outlook, but kept a Neutral rating on the shares due to the stock's valuation. WHAT'S NOTABLE: A number of firms remained upbeat on Netflix, as Cantor said that the company has several positive catalysts, while JPMorgan called its results solid. Cantor kept a Buy rating on the stock, while JPMorgan reiterated its Overweight rating. PRICE ACTION: In early trading, Netflix fell $19.78, or 4.3% to $432.17.
10:48 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: IGT YHOO LYK ATHN CMG SWKS NFLX SHPG SNDK MTG
10:16 EDTGOOGAmazon quietly debuts mobile wallet app, TechCrunch says
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09:36 EDTNFLXActive equity options trading on open
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09:09 EDTCMCSAComcast says does not need to 'bulk up' in content
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09:01 EDTTWC, CMCSAComcast says FCC started 180 day review clock for merger as of July 10
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09:00 EDTNFLXNetflix price target raised to $500 from $425 at Cantor
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08:56 EDTCMCSA, TWCComcast results reinforce positive view, says Brean Capital
Brean Capital said the Q2 operating results from Comcast (CMCSA) reinforced their positive view of the shares. Brean also believe the acquisition of Time Warner Cable (TWC) will create far greater synergies than what has been discussed publicly and keeps a Buy rating with a $65 price target on Comcast.
08:26 EDTCMCSAComcast still sees FY14 Cable CapEx rising to about 14% of Cable revenue
Comcast continues to expect 2014 Cable capital expenditures to increase to about 14% of Cable revenue and for 2014 NBCUniversal capital expenditures to be relatively stable.
08:25 EDTCMCSAComcast reports Q2 cable programming expense up 6.7%
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08:25 EDTTWC, CMCSAComcast reports Q2 operating cash flow up 7% to $5.8B
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07:57 EDTNFLXNetflix price target raised to $550 from $500 at JPMorgan
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07:17 EDTNFLXNetflix outlook still uncertain, says Bernstein
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07:06 EDTCMCSAComcast reports Q2 voice customer net adds 137K
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07:04 EDTCMCSAComcast Q2 high-speed internet customers increased 203K
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07:01 EDTCMCSAComcast reports Q1 EPS 75c, consensus 72c
Reports Q2 revenue $16.84B, consensus $16.95B.
06:49 EDTNFLXNetflix price target raised to $453 from $410 at Citigroup
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06:31 EDTNFLXNetflix reported solid Q2 results, says Piper Jaffray
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06:30 EDTGOOGItaly grants Google 18 months to modify data use habits, Reuters says
Italy's data protection regulator granted Google 18 months to modify the manner in which it treats and stores user information, ending a probe that is part of a European target to change the company's privacy practices, according to Reuters, citing a statement from the Italian watchdog. A Google spokesman said the firm had always complied with the regulator and would continue to do so. Reference Link
06:21 EDTGOOGWitsView: Acer surpasses Samsung in Chromebook shipments in Q2, DigiTimes says
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06:20 EDTVIABViacom's music group and Spotify form music streaming partnership, WSJ reports
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06:18 EDTNFLXNetflix price target raised to $350 from $300 at Jefferies
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July 21, 2014
18:40 EDTNFLXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Netflix (NFLX), up marginally after reporting Q2 results... Sanmina (SANM), up 13.2% after reporting third quarter results and fourth quarter guidance above analyst estimates... Chipotle (CMG), up 10.1%... Helix (HLX), up 5.2%... Canadian National (CNI), up 1.13%... CYS Investments (CYS), up 1.7%. ALSO HIGHER: Apache (APA), up 5% after Bloomberg says JANA discloses $1B position... Johnson & Johnson (JNJ), up 1% after announcing a $5B share repurchase program... TG Therapeutics (TGTX), up 4.3% after reporting second quarter results and preliminary clinical results from TG-1101 Phase I study... DOWN AFTER EARNINGS: Rambus (RMBS), down 3.6% after reporting second quarter results... Ultra Clean (UCTT), down 4% after reporting quarterly results. ALSO LOWER: Tallgrass Energy (TEP), down 5% after filing to sell 7M common units representing limited partners.
17:39 EDTNFLXNetflix says can achieve U.S-like margins in international business
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17:32 EDTNFLXNetflix says very excited for 'ambitious' Marco Polo project
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17:29 EDTNFLXNetflix sees producing original content for Europe expansion
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17:20 EDTNFLXNetflix sees dip in Q4,Q1 free cash flow as company expands 'originals'
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16:52 EDTGOOGGoogle ranked as top U.S. search marketplace in June
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16:18 EDTNFLX, CMCSA, TWCNetflix says policy goal is for DOJ/FCC to block Comcast, TWC deal
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16:07 EDTNFLXNetflix rallies 1% to $456.53 following Q2 results
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16:07 EDTNFLXNetflix says international approaching contribution profitability
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16:06 EDTNFLXNetflix to launch in Germany, France, others in September
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16:05 EDTNFLXNetflix sees Q3 net additions 3.69M to 53.74M members
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16:02 EDTNFLXNetflix reports Q2 total streaming net additions 1.69M
Netflix reports Q2 total streaming members 50.05M. The company reports international streaming net additions of 1.12M to 13.8M.
16:01 EDTNFLXNetflix sees Q3 EPS 89c, consensus $1.06
Sees Q3 revenue $1.22B, consensus $1.38B.
16:00 EDTNFLXNetflix reports Q2 EPS $1.15, consensus $1.16
Reports Q2 revenue $1.15B, consensus $1.33B.
15:30 EDTCMCSANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
15:30 EDTNFLXNotable companies reporting after market close
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15:21 EDTNFLXNetflix July weekly 452 straddle priced for 8.1% move into Q2
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14:38 EDTNFLXEarnings Preview: Analysts bullish on Netflix international expansion
Netflix (NFLX) is expected to report second quarter earnings after the market close on Monday, July 21 with a conference call scheduled for 5:00 pm ET. Netflix is an Internet subscription service that allows members to watch TV shows and movies through DVD and on-demand streaming. EXPECTATIONS: Analysts are looking for earnings per share of $1.16 on revenue of $1.33B. The consensus range is 93c-$1.42 for EPS, and $1.26B-$1.34B for revenue, according to First Call. LAST QUARTER: Netflix reported first quarter EPS of 86c against estimates of 83c, on revenue of $1.27B against estimates of $1.27B. It reported Q1 domestic net additions of 2.25M with total domestic members at Q1-end of 35.67M. Netflix also reported Q1 net international subscriber additions of 1.75M. The company gave Q2 guidance at that time of $1.12. It expects to add 520,000 domestic subscribers in Q2, 940,000 international subscribers in Q2, and total members to reach 49.81 at Q2-end. The company projects 60M-90M U.S. subscribers in the long-term. NEWS: Netflix raised its membership rate in early May by $1.00 to $8.99 for new subscribers while existing subscriber rates will be frozen for two years. A couple of weeks into the rate increase, Netflix said that it has seen "small customer reaction." Netflix said that it would significant expand internationally and specifically in Europe for 2H14. It plans to expand its content breath in upcoming quarters with "meaningful" originals in each market that could compete with "the top end of cable." Speaking on CNBC, CEO Reed Hastings added that he does not expect Netflix to introduce advertising now or in the near future. STREET RESEARCH: Several analyst firms, including Pacific Crest, RW Baird, JPMorgan and Topeka, are bullish on the company due to optimism for Netflix's international expansion that appears to be accelerating. Pacific Crest added that the company's international subscribers will likely surpass expectations. Citigroup, meanwhile, lowered 2014-2017 estimates to reflect the costs of the launch of service in the European market. Ahead of the Q2 earnings report, RW Baird expects solid Q2 results and Q3 forecast to reflect new market dilution. MKM Partners also believes that the company's Q2 results will likely beat expectations, adding that the stock could double or triple in the next four or five years. PRICE ACTION: Netflix shares have risen more than to 29% since the first day of trading following the company's Q1 report. In Monday mid-day trading ahead of Q2 report, Netflix shares are trading up 1.8%.
13:15 EDTGOOGGoogle ranked as top online video content property in June
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11:13 EDTNFLXNetflix technical commentary ahead of earnings
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10:45 EDTGOOGAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
09:38 EDTGOOG, NFLXActive equity options trading on open
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07:15 EDTGOOGO'Reilly to hold a conference
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July 18, 2014
18:47 EDTGOOGGoogle considers transforming NYC pay phones to Wi-Fi hot spots, Bloomberg says
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16:47 EDTGOOGMarket ends week higher as earnings, M&A offset geopolitical tensions
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16:20 EDTGOOGOn The Fly: Closing Wrap
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13:39 EDTDISYahoo News hires Golodryga to head up news and finance properties, Variety says
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12:42 EDTGOOGOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory and have remained there throughout the morning. The averages moved in a narrow range for most of the opening hour of the session but spurted to higher levels during the second hour. Investors appear to be using yesterday’s sell-off as a buying opportunity, despite the ongoing events in Russia and Israel that largely contributed to yesterday’s action. ECONOMIC EVENTS: The first release of the University of Michigan consumer sentiment index for July fell to 81.3 after ending June with an 82.5 reading. The leading economic indicator index rose 0.3% to 102.2, which was a bit below the forecast for an increase of 0.5%. COMPANY NEWS: Class A shares of Google (GOOGL) advanced over 3% after the search giant reported quarterly revenue that beat expectations last night. Following its report, at least three Wall Street research firms raised their price targets on the stock, while noted tech analyst Collin Gillis of BGC Financial upgraded the stock to Buy from Hold... Dow component General Electric (GE) reported second quarter EPS of 39c, matching the consensus forecast, and revenue that just missed the consensus view of analysts. The company also reported that it is targeting the initial public offering of IPO of Synchrony Financial (SYF), its North American Retail Finance business, for July. In the IPO, Synchrony is offering 125M shares of its common stock, which will be listed on the New York Stock Exchange under the symbol “SYF,” and anticipates that the IPO price of the shares will be between $23.00 and $26.00 per share... Another Dow member, IBM (IBM), fell 0.4% after reporting adjusted Q2 earnings per share and revenue that beat expectations. Afterward, Cantor said it thinks the worst is over for the company and reiterated its Buy rating on the shares, though Societe Generale downgraded IBM to Sell from Hold and Credit Suisse said IBM continues to be driven by less revenue growth and kept its Underperform rating and $160 price target on Big Blue's stock. MAJOR MOVERS: Among the notable gainers was Skyworks (SWKS), which gained 14% after reporting third quarter results and fourth quarter guidance above analyst estimates and seeing no less than five analyst firms raise their price targets on its stock. Also higher was Gentiva Health (GTIV), which rose 14% after it announced that its board unanimously determined to reject the partial tender offer from Kindred Healthcare (KND) to acquire 14.9% of the outstanding shares of Gentiva for a price of $16.00 per share in cash and disclosed that it has received a $17.25 per share, all-cash takeover proposal from a "recognized owner, operator and investor in the sector." After the announcement, shares of Kindred fell 2%. Also lower following their earnings reports were RealPage (RP), which fell over 21%, and Advanced Micro Devices (AMD), which dropped nearly 18%. INDEXES: Near midday, the Dow was up 107.05, or 0.63%, to 17,083.86, the Nasdaq was up 57.98, or 1.33%, to 4,421.43, and the S&P 500 was up 17.04, or 0.87%, to 1,975.16.
12:21 EDTGOOG, VIAB, CBS, CMCSA, DISCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
11:04 EDTCMCSA, DISComcast, ESPN reach agreement on carriage of SEC Network, Reuters says
11:03 EDTGOOGEU says Google adding 'in-app' purchase protections, Apple yet to commit
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10:41 EDTGOOGGoogle upgraded to Buy from Hold at BGC Financial
09:48 EDTGOOGActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NQ GOOG GOOGL TSLA KGC TWTR AMZN ELNK AMGN FB
09:24 EDTGOOGOn The Fly: Pre-market Movers
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09:18 EDTGOOGSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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08:21 EDTCMCSA, CBS, DISTime Warner merger could change Warner Bros. spot in tv landscape, WSJ says
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08:14 EDTGOOGGoogle price target raised to $690 from $675 at RW Baird
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07:57 EDTGOOGGoogle price target raised to $715 from $700 at Canaccord
Canaccord raised its price target on Google to $715 from $700 following its strong Q2 results. The firm cited valuation, potential for margin expansion, and undiscounted potential from Youtube, mobile ad pricing and other adjacent businesses. Canaccord maintains its Buy rating on Google.
07:55 EDTGOOGGoogle results positive, says Wells Fargo
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07:13 EDTGOOGGoogle looks to expand Google Fiber to Britain, Telegraph reports
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07:05 EDTCBSCBS CEO says will examine CNN if Time Warner puts up for sale, Reuters says
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06:57 EDTGOOGGoogle price target raised to $670 from $645 at JPMorgan
JPMorgan raised its price target for Google shares to $670 citing accelerating growth and mobile monetization improvements following the company's "strong" Q2 results. The firm reiterates an Overweight rating on the stock.
06:23 EDTGOOGYouTube making new content push with video-makers, WSJ reports
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05:57 EDTNFLXLevel 3 says Verizon 'deliberately' causing Netflix congestion
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05:31 EDTGOOGGoogle reported solid Q2 results, says Piper Jaffray
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July 17, 2014
18:31 EDTGOOGOn The Fly: After Hours Movers
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16:15 EDTGOOGGoogle reports Chief Business Officer Nikesh Arora leaving to join Softbank
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16:13 EDTGOOGGoogle reports Q2 average cost-per-click down 6%
Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our Network members, decreased approximately 6% over prior year and remained constant from Q1. Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our Network members, increased approximately 25% over prior year increased approximately 2% over Q1.
16:12 EDTGOOGGoogle reports Q2 sites revenue up 23% to $10.94B
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16:11 EDTGOOGGoogle reports Q2 EPS $6.08, consensus $6.24
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16:01 EDTGOOGOptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.
15:26 EDTGOOGNotable companies reporting after market close
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15:26 EDTGOOGRaymond James remains positive on Google ahead of tonight's results
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14:52 EDTCMCSAYahoo Sports, NBC Sports announce expanded fantasy football coverage
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13:33 EDTGOOGAmazon.com reportedly deveoping Android app for Prime content, Cnet says
Amazon (AMZN) may soon release an app that would enable users of Google's (GOOG) Android operating system to stream content from Amazon's Prime Instant Video, PC Advisor reported, according to Cnet. Currently Amazon's Kindle Fire tablets and Apple's (AAPL) iPads are the only mobile devices that can access content from Prime, Cnet stated. Reference Link
12:52 EDTGOOGEarnings Preview: Google shares up 4.5% since last earnings report
Google (GOOG, GOOGL) is expected to report second quarter earnings after the market close on Thursday, July 17 with a conference call scheduled for 4:30 pm ET. Google is a global technology company that focuses on Internet search, cloud computing, and advertising technologies. EXPECTATIONS: Analysts are looking for earnings per share of $6.24 on revenue of $15.62B. The consensus range is $5.73-$6.64 for EPS, and $15.36B-$15.94B for revenue, according to First Call. LAST QUARTER: Google reported first quarter EPS of $6.27 against estimates of $16.40 on revenue of $15.42B against estimates of $15.52B. Google reported Q1 paid clicks up 26% and average cost-per-click decreased 9%. The company also reported Q1 Sites revenue $10.47B and Q1 Network revenue $3.4B. Google said it expects to continue to make "significant capital expenditures" and reported free cash flow in Q1 of $2.05B. NEWS: Google announced several acquisitions in the past quarter, most notably for music streaming service Songza, live video-streaming service Twitch, and high-res imaging satellite maker Skybox Imaging. The company also expanded Shopping Express to New York and other parts of California, including Los Angeles. There were also reports that Google has set aside $500M to expand the service worldwide. Bloomberg reported the company intends to spend a "significant portion" of its offshore cash to make acquisitions with nearly $20B-$30B on foreign companies and foreign technology rights. Google also entered the domain registration business through an invite-only beta website, may likely overhaul Google+ in the near future, and is said to be developing a 7-inch tablet that can capture 3D images. At Google's I/O opening keynote in June, the company said Android had over 1B users, Chrome for Mobile had 300M active users and Google Drive has over 190M active users. STREET RESEARCH: Cantor said the company's revenue growth relative to CapEx has declined in the past several years as it has spent less efficiently on growth than its peers. Susquehanna, on the other hand, said Google's recent underperformance has created a buying opportunity due to favorite mix shift and strong core growth at Google.com and YouTube. Ahead of the Q2 earnings report, Google's price target was also raised at Citigroup after channel checks with search marketing companies suggested the business accelerated slightly in Q2. PRICE ACTION: Google shares have risen 4.5% since the first day of trading following the company's Q1 report. In Wednesday afternoon trading ahead of Q2 report, Google shares are down a little over 1.5%.
09:31 EDTDIS, NFLXNetflix, Disney announce multi-year pay TV window agreement in Canada
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09:31 EDTDISMattel says 'Frozen' brand continuing to grow
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09:22 EDTTWC, CMCSAComcast price target raised to $66 from $62 at Maxim
Maxim raised its price target for Comcast (CMCSA) shares to $66 citing synergies from the Time Warner Cable (TWC), Charter deal. The firm says it values NBC Universal on a 10 times 2015 EBITDA, which it notes is a 14% discount to Fox's (FOXA) proposed bid for Time Warner (TWX), which values Time Warner at 11.6 times. Maxim keeps a Buy rating on Comcast shares.
09:09 EDTGOOGSenate Commerce, Science & Transportation Committee holds a hearing
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08:42 EDTCBSCBS, Yahoo among potential CNN buyers if Time Warner divests, WSJ says
If Time Warner (TWX) were to divest CNN, which has been raised as a possiblity given the interest in Time Warner expressed by Fox News owner 21st Century Fox (FOXA), the "long list of potential buyers" would include CBS (CBS), Yahoo (YHOO) and Bloomberg LP, said The Wall Street Journal, citing media analysts and executives. Reference Link
08:39 EDTGOOGMicrosoft shifting some Nokia X designs to Lumia products running Windows
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07:31 EDTNFLXNetflix Q2 results likely to beat expectations, says MKM Partners
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07:20 EDTNFLXNetflix July weekly volatility elevated into Q2 and outlook
Netflix July weekly call option implied volatility is at 77, August is at 49, September is at 40; compared to its 26-week average of 44 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
06:50 EDTGOOGAirbus considering partnering with high tech companies, NY Times says
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06:47 EDTGOOGGoogle plans big push in India for Android One initiative, The Informations says
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06:37 EDTDISFox purchase of Time Warner would challenge ESPN, Reuters says
If 21st Century Fox (FOXA) buys Time Warner (TWX), Fox would mount a significant challenge to Disney's (DIS) ESPN, according to Reuters. An acquisition of Time Warner would add March Madness, prime-time NBA games, and more Major League Baseball games to Fox's already significant arsenal of popular sports events, the news service explained. Reference Link
July 16, 2014
17:39 EDTGOOGeBay says Google search algorithm change slowed traffic in June
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16:34 EDTCBSCBS Outdoor completes separation from CBS and REIT conversion
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16:00 EDTGOOGOptions Update; July 16, 2014
iPath S&P 500 VIX Short-Term Futures down 70c to 27.25. Option volume leaders: AAPL FB GOOG AMZN TWTR TSLA C HPQ TWX INTC AMZN according to Track Data.
15:17 EDTNFLXNetflix quietly ends Saturday DVD deliveries to lower costs, LAT says
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14:03 EDTTWC, CMCSA, NFLXNetflix submits FCC comments on proposed Net Neutrality rules
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13:05 EDTCMCSAVerizon, Comcast, AT&T viwed as 'logical' Time Warner bidders, Bloomberg says
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12:47 EDTGOOGYahoo falls after results disappoint, details additional plans for Alibaba stake
Shares of media and search engine company Yahoo (YHOO) are falling after the company's second quarter results fell short of analysts' consensus estimates. The company also said it will lower the amount of stock it will sell in Alibaba's initial public offering to 140M shares and that it plans to return "at least half" of its after-tax proceeds from the stake sale to its shareholders. WHAT'S NEW: Last night, Yahoo reported Q2 earnings per share of 37c and revenue ex-tac of $1.04B, narrowly missing analysts' consensus estimates of 38c and $1.08B, respectively. The company's Q2 display ad revenue fell 7% to $394M, while Q2 price per ad fell 24% versus last year. Q2 search revenue ex-tac increased 6% to $428M. Yahoo said that in Q2, the number of ads sold increased approximately 24% compared to last year, while the number of paid clicks increased approximately 3%. Price-per-click increased 15% compared to last year. Marissa Mayer, Yahoo's Chief Executive Officer, said that as the company's top priority is revenue growth, it is "not satisfied" with Q2 results. Mayer noted that several areas showed strength in the quarter, including Yahoo Search, which grew 6% year-over-year on a revenue ex-tac basis, but their growth was offset by declines. Meyer says the company needs to "work faster to ameliorate" negative trends in display. Mayer says the company "can and will do better" going forward. WHAT'S NOTABLE: Looking ahead, Yahoo forecast third quarter revenue ex-tac of $1.02B-$1.06B, below the consensus of $1.1B. The company also guided Q3 adjusted earnings before interest, taxes, depreciation and amortization, or EBTIDA, at $220M-$260M and non-GAAP operating income of $70M-$110M. Yahoo also noted that it will lower the number of shares it sells in the Alibaba IPO to 140M from 208M, and is committed to return at least half of the after-tax IPO proceeds to shareholders. Mayer noted on the company's earnings conference call that "A transformation of this size will take several years," adding that "it will take a little longer than originally forecasted." ANALYST REACTION: This morning, research firm CRT Capital downgraded Yahoo to Fair Value from Buy, citing mixed Q2 earnings and weak guidance. The firm sees pressure on ad pricing continuing for at at least two to three quarters. Another firm, Bernstein, lowered their price target on Yahoo to $40 from $43 following the company's weaker than expected results and said that it would return 50% of its proceeds from the Alibaba IPO to shareholders. The firm thinks there is an increased risk that Yahoo will use the other 50% on M&A, and Bernstein sees high risk that the M&A will destroy value. Bernstein kept an Outperform rating on the stock. Piper Jaffray said Yahoo should be owned ahead of the Alibaba IPO, noting its agreement with Alibaba to reduce the number of shares it will sell at the IPO should outweigh the "unsurprising" challenges in the company's core business. The firm, which kept an Overweight rating on the stock, expects the stock to react positively on the Q2 earnings report. PRICE ACTION: In early afternoon trading, Yahoo fell $1.66, or about 4.7%, to $33.95 on heavy trading volume. Despite today's pull back, the stock is up approximately 25% over the past 12 months. OTHERS TO WATCH: Yahoo peer AOL (AOL) is down over 4.% to $38.98. Jackie Reses, Yahoo's chief of mergers and acquisitions, said at the Fortune Brainstorm Tech Conference that the company is not planning to buy AOL, Re/code reported this morning. Mayer previously told a number of people that she does not "get" the merger.
12:42 EDTCMCSATime Warner said to see Verizon,Comcast, AT&T as logical bidders, Bloomberg says
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12:26 EDTVIAB, DIS, CBSOn The Fly: Midday Wrap
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11:45 EDTVIAB, CBSMedia stocks rally after Time Warner rejects Fox bid
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10:58 EDTGOOGSamsung in talks to buy SmartThings for about $200M, TechCrunch reports
Samsung is in talks to acquire SmartThings, a company in the home automation space that allows users to connect devices like lights and doorlocks to a system controlled by their mobile phone, TechCrunch reports. The purchase price is said to be around $200M. Reference Link
09:37 EDTNFLXActive equity options trading on open
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07:43 EDTCMCSASenate Commerce, Science & Transportation Committee holds a hearing
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07:40 EDTCMCSA, TWCComcast to see better than expected accretion from TWC deal, says Brean Capital
Brean Capital raised its price target on Comcast (CMCSA) to $65 from $60 to reflect the potential for significant value creation and better than expected accretion from its acquisition of Time Warner Cable (TWC) including multi-billion opportunities leveraging both companies. The firm, which keeps Buy ratings on both stocks, also raised its price target on Time Warner Cable to $186 from $165.
07:30 EDTDIS, CBSTime Warner turned down $80B offer from 21st Century Fox, NYT says
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07:24 EDTDISSiemer & Associates to hold a summit
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06:14 EDTGOOGABI Research: More than 2B smartphones to ship in 2018, DigiTimes says
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05:58 EDTCMCSA, DIS, CBSCBS CEO says 'willing to talk' to Aereo, VentureBeat reports
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July 15, 2014
18:23 EDTGOOGGoogle hires cyber-security researchers to improve internet security, WSJ says
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18:02 EDTGOOGAdobe, Google announce digital type breakthrough
Adobe (ADBE) announced the release of Source Han Sans, an open source typeface supporting Japanese, Chinese and Korean, as well as Latin, Greek and Cyrillic alphabets. It was developed in collaboration with Adobe’s key partner Google (GOOG) and contracted foundry partners across East Asia. Source Han Sans marks a record-breaking typeface in terms of size, scale, complexity and support for Japanese, Chinese and Korean all within the same font family. It provides designers and developers creating content for international audiences one uniform font to use in print and Web files no matter the language - eliminating the need to license multiple fonts.
17:35 EDTGOOGGoogle confirms Alan Mulally appointment to board
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16:15 EDTGOOGGoogle appoints ex Ford CEO Alan Mulally to board, CNBC says
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16:00 EDTGOOGOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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08:03 EDTCBSCBS reports results of CBS Outdoor exchange offer
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08:03 EDTCMCSA, NFLX, CVC, TWCPublic speak out on FCC 'net-neutrality' plan, WSJ says
The Federal Communications Commission's has received more than 677K comments so far from the public on its proposed 'net-neutrality' rules for how broadband providers can treat content traveling over their networks and a random sampling of the input suggests that the agency will have work to do to sell the plan, according to The Wall Street Journal. Companies that provide broadband Internet service include Comcast (CMCSA), AT&T (T), Verizon (VZ) Time Warner Cable (TWC), and Cablevision (CVC). Netflix (NFLX) sends a great deal of content over the Internet and strongly supports net neutrality. Reference Link
07:20 EDTCBSCBS resumed with an Overweight at JPMorgan
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07:15 EDTGOOGIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:43 EDTDISTime Warner looks for NBA programming deal renewal, Bloomberg says
Time Warner (TWC) and Disney's (DIS) ESPN are looking to renew the last big U.S. sports agreement with the National Basketball Association that’s up for grabs until 2021, according Reuters, citing people familiar with the talks. Time Warner and Disney, which divvy-up airing the games, pay the league an average total of $930M annually. Reference Link
06:36 EDTDISNBA seeks to double TV-rights fees from Disney, Time Warner, WSJ reports
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06:15 EDTGOOGGoogle Fit may benefit remote medical care industry, DigiTimes Research says
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06:02 EDTGOOGSamsung, Nest, ARM team up for Thread wireless networking protocol
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05:44 EDTGOOGNovartis to license Google 'smart lens' technology
Novartis (NVS) announced that its eye care division Alcon has entered into an agreement with a division of Google (GOOG) to in-license its "smart lens" technology for all ocular medical uses. The agreement with Google[x], a team within Google that is devoted to finding new solutions to big global problems, provides Alcon with the opportunity to develop and commercialize Google's "smart lens" technology with the potential to transform eye care and further enhance Alcon's pipeline and global leadership in contact lenses and intraocular lenses. The transaction remains subject to anti-trust approvals. The agreement between Google and Alcon represents an important step for Novartis, across all of its divisions, to leverage technology to manage human diseases and conditions. Google's key advances in the miniaturization of electronics complement Novartis's deep pharmaceuticals and medical device expertise. Novartis aims to enhance the ways in which diseases are mapped within the body and ultimately prevented.
July 14, 2014
18:49 EDTGOOGGoogle initiated with an Outperform at FBR Capital
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16:00 EDTGOOG, NFLXOptions Update; July 14, 2014
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12:18 EDTCMCSAComcast acquired PowerCloud Systems for under $50M, TechCrunch reports
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10:15 EDTGOOGAmazon hires Google Glass creator Babak Parviz, TechCrunch reports
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09:25 EDTGOOGGoogle looked to Page, Brin to woo Facebook workers, WSJ says
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08:10 EDTGOOGEndurance announces extension of partnership with Google
Endurance International Group (EIGI) announced the extension of its partnership with Google (GOOG) for the Get Your Business Online initiative. The partnership will allow more businesses to benefit from the overall web presence solutions the program provides. The Get Your Business Online program has already provided web presence services and support to bring hundreds of thousands of American businesses online for the first time.
07:42 EDTCMCSAComcast reportedly acquires PowerCloud Systems, TechCrunch reports
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06:56 EDTDIS, CBS, TWC, CMCSADisney, CBS, Discovery questioned over Comcast merger, Bloomberg says
Disney (DIS), Discovery (DISCA) and CBS (CBS) are being questioned by U.S. antitrust officials who are investigating Comcast's (CMCSA) planned purchase of Time Warner Cable (TWC), according to Bloomberg, citing three people familiar with the matter. Reference Link
06:10 EDTGOOGTaiwan touch panel makers see more orders from handset vendors, DigiTimes says
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July 13, 2014
17:00 EDTGOOGYouTube mulls funding production to add premium content, Reuters says
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11:23 EDTVIAB, CMCSA, DISHulu and South Park announce exclusive multi-year content licensing deal
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July 12, 2014
15:59 EDTGOOGGoogle expands in San Francisco, San Jose Mercury News says
Google is building out its presence in San Francisco by leasing space in one location and buying an office tower on the Embarcadero, says San Jose Mercury News. Reference Link
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