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Stock Market & Financial Investment News

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July 10, 2014
11:00 EDTEXK, CBSO, AG, TTS, MEMP, MEOH, DRWI, CBSHigh option volume stocks
High option volume stocks: CBS MEMP EWT CBSO DRWI TRW TTS EXK MEOH AG
News For CBS;MEMP;CBSO;DRWI;TTS;EXK;MEOH;AG From The Last 14 Days
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November 20, 2014
07:42 EDTCBSStudios looking abroad for opportunity in TV licensing, WSJ reports
For U.S. television studios, such as Time Warner’s (TWX) Warner Bros., licensing shows abroad, which was once a small side business, has become a much-needed source of growth and is increasingly needed to make shows profitable, reported The Wall Street Journal. In addition to Time Warner, CBS Corp. (CBS), Sony (SNE) and 21st Century Fox (FOXA) also see huge promise from international TV distribution, the report noted. Reference Link
06:37 EDTCBSCBS, DISH share downside limited with blackout, says Citigroup
Citigroup sees limited share downside for both CBS (CBS) and DISH (DISH) should a blackout result in the companies not renewing their carriage agreement, which expires today. Citi notes shares of CBS are down 3% since the press started reporting about the tenuous negotiations. It estimates CBS' equity value could fall 2% with a blackout, thus it believes the impact is already priced in. Further, Citi sees a minimal impact to DISH from a potential CBS blackout. The firm keeps Buy ratings on both stocks.
November 18, 2014
09:56 EDTCBSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
08:46 EDTCBSCBS downgraded at Atlantic Equities
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06:04 EDTCBSCBS downgraded to Neutral from Overweight at Atlantic Equities
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November 14, 2014
17:27 EDTCBSPaulson & Co. gives quarterly update on stakes
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17:13 EDTCBSAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
09:38 EDTCBSJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 13, 2014
13:12 EDTCBSGruss Capital reports 5.02% passive stake in CBS
12:26 EDTMEOHKoch Industries reports new Colfax stake in quarterly filing
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10:47 EDTCBSLionsgate and CBS Films announce multi-year film distribution partnership
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06:17 EDTCBSSony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
10:43 EDTCBSBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
07:48 EDTCBSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
07:13 EDTAGFirst Majestic reports Q3 adjusted EPS (4c), consensus 3c
Reports Q3 revenue $40.8M, consensus $61.27M.
November 11, 2014
18:19 EDTCBSCBS, Disney look to block FCC Comcast merger disclosures, Bloomberg says
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November 10, 2014
18:01 EDTMEOHMethanex warns of mini tender offer by TRC Capital, recommends holders reject
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07:34 EDTEXKEndeavour Silver reports Q3 EPS (11c), consensus (7c)
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07:11 EDTCBSOpen Mobile Media to hold a summit
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November 7, 2014
07:58 EDTMEMPMemorial Production likely to rebound quickly, says RBC Capital
After Memorial reported weaker than expected Q3 results, RBC Capital says most of the issues that caused the miss were one-time events. The firm expects the company to rebound from "this short-term stumble." It trimmed its price target on the name to $23 from $25 but keeps an Outperform rating on the shares.
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