New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:00 EDTMEOH, DRWI, CBS, EXK, CBSO, AG, TTS, MEMPHigh 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 25, 2015
10:01 EDTCBSCablevision, CBS reach new comprehensive content carriage agreement
Cablevision Systems Corporation (CVC) and CBS Corporation (CBS) announced a broad-based multi-year content carriage agreement. The new deal covers retransmission consent for CBS-owned stations, and the continued carriage of SHOWTIME(R), CBS Sports Network and Smithsonian Channel. Financial terms were not disclosed. As part of the new agreement, Cablevision is the first cable or satellite provider to announce plans to distribute CBS All Access and SHOWTIME Internet services to its Optimum Online customers. Pricing plans, timing and other particulars will be provided at a later time.
August 21, 2015
08:53 EDTCBSAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
August 20, 2015
09:17 EDTCBSDisney hit with another downgrade on TV concerns
Subscribe for More Information
06:36 EDTCBSBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
05:36 EDTMEMPLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).
August 19, 2015
10:00 EDTMEOHOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:38 EDTMEOHMethanex downgraded to Outperform from Strong Buy at Raymond James
Subscribe for More Information
August 18, 2015
10:17 EDTCBSDisney downgraded as Wells moves away from content providers
Subscribe for More Information
10:00 EDTCBSOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:13 EDTCBSCBS downgraded to Market Perform from Outperform at Wells Fargo
Subscribe for More Information
07:12 EDTCBSDisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
August 17, 2015
07:31 EDTEXKEndeavour Silver intersects high grade gold-silver mineralizations on Bolanitos
Subscribe for More Information
August 14, 2015
14:42 EDTCBSLumber Liquidators rallies ahead of CBS rerun on new Tiger stake
Subscribe for More Information
13:46 EDTCBS'60 Minutes' to rerun with updates Lumber Liquidators piece, Bloomberg says
Subscribe for More Information
10:00 EDTCBSCBS management to meet with Topeka
Subscribe for More Information
August 13, 2015
17:12 EDTCBSApple delays live TV service until 2016 as licensing talks drag, Bloomberg says
Apple (AAPL) is now targeting a 2016 launch date for its live TV streaming service, reports Bloomberg, citing people familiar with the plans. Licensing discussions with network owners such as CBS (CBS), 21st Century Fox (FOX, FOXA), and Comcast's (CMCSA, CMCSK) NBC are progressing slowly, said the sources, adding that Apple is also lacking in computer network capacity. The tech giant is pursuing a $40 per month price point for the internet TV package, a goal which is encountering pushback from TV programmers, according to the sources. Reference Link
11:40 EDTCBSCBS COO says 'not all content is created equal'
Says "not all content is created equal: There's going to be winners and losers." Says has lessened dependency on advertising, but says advertising still key part of strategy and is lucrative. Says doesn't need to do M&A, says company "strategically complete." Says looks at "every [potential] acquisition," but won't lose financial discipline. Says focus has been on buybacks. Comments made by COO Joseph Ianniello at the Nomura 2015 Media & Telecom Conference.
10:00 EDTMEMPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:47 EDTMEMPMemorial Production downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information
06:45 EDTCBSFCC proposes review of 'totality of circumstances test' for retransmission talks
Subscribe for More Information
1 | 2 >>

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