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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:46 EDTTWC, AAPL, INTC, MGM, WMT, NOK, BAYRY, DIS, LVS, NYT, BAESY, MRK, BBRY, NWSA, WYNN, AMX, JNPR, NVS, CMCSA, CBSOn the Fly: Periodicals Wrap
WSJ: Broadcasters (CBS, NWSA, DIS, CMCSA) get first victory over Aereo in Utah federal court...BlackBerry's (BBRY) BBM app gets renewed attention...REUTERS: Bayer (BAYRY), Novartis (NVS) explore bids for Merck's (MRK) consumer unit...Nokia (NOK) reportedly considering buying Juniper (JNPR), combining it with NSN... BAE Systems (BAESY): U.S. unit close to 'bottoming out' this year...BLOOMBERG: Wal-Mart (WMT) weighs support for minimum wage increase...Slim (AMX) to exercise NY Times Co. (NYT) warrants this year...OTHER NEWS: Macau casino license renewals (MGM, WYNN, LVS) seen going smoothly, South China Morning Post reports... Intel (INTC) CEO says relationship with Apple (AAPL) getting 'closer,' Apple Insider reports...Comcast (CMCSA) confident of Time Warner Cable (TWC) acquisition approval, FT reports.
News For CBS;NWSA;DIS;CMCSA;BBRY;BAYRY;NVS;MRK;NOK;JNPR;BAESY;WMT;AMX;NYT;MGM;WYNN;LVS;INTC;AAPL;TWC From The Last 14 Days
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January 20, 2015
17:18 EDTMRKDana Holding to replace Cubist in S&P 400 as of 1/22 close
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16:38 EDTBAESYBAE Systems upgraded to Buy from Neutral at Goldman
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16:00 EDTAAPL, MGMOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
14:00 EDTDIS, CMCSAFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
11:15 EDTINTCIntel slips after JMP cuts to sell, Canaccord says upgrade not yet warranted
Following Intel's (INTC) fourth quarter results last week, two research firms issued cautious notes on the stock today. JMP Securities downgraded the stock to Underperform, which is the firm's "Sell" equivalent rating, while Canaccord kept a Hold rating on the shares, though the latter firm said its outlook on the company's fundamentals is continuing to become more positive and raised its price target on the name. WHAT'S NEW: Intel's Q4 results were "mixed," but the company's fundamentals appear to have improved, Canaccord analyst Matt Ramsay wrote in a note to investors today. The company's data center group and Internet of Things group should generate sustained 15%+ and 20%+ growth, respectively, over the next several years, the analyst stated. Meanwhile, Intel's PC client group should be able to cut costs further, Ramsay believes. The analyst said he had "intended to upgrade the stock" after the results, given his long-term upbeat view of the company, but was unable to do so. Ramsay explained that he changed his mind because he does not think the company's profits will increase at all this year, while the stock largely already reflects his expectations for solid profit growth in 2016. The analyst increased his price target on the shares to $40 from $36 but kept a Hold rating on the stock. More bearish was JMP Securities analyst Alex Gauna. Gauna downgraded the stock to Underperform from Market Perform and set a $30 price target on Intel. After speaking with a source who sells server components, the analyst reported that the source's business has been weak this month. Weak server component sales are likely to pull down Intel's stock, given its relatively high valuation, the analyst stated. Meanwhile, Intel's gross margins have probably peaked, Gauna believes. PRICE ACTION: In morning trading, Intel fell 1.7% to $35.82.
09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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09:38 EDTAAPLActive equity options trading
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08:07 EDTINTCIntel downgraded at JMP Securities
As noted earlier, JMP Securities downgraded Intel to Underperform from Market Perform. The firm reports that industry sources said there has been a sharp downturn in server activity going into 2015.
07:59 EDTINTCIntel upgrade not warranted due to lack of EPS growth, says Canaccord
Canaccord said it intended to upgrade Intel following its mixed Q4 results, but with estimates for essentially no earnings growth in 2015, the firm could not justify it. As a result, Canaccord raised its price target to $40 from $35 on Intel shares and maintained its Hold rating, but noted it stands ready to upgrade the stock on a pullback.
07:23 EDTMRKMerck funding testing of lower dosages of Zilmax, Reuters reports
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06:48 EDTBAESYGE financing A350 jet with Rolls-Royce engine, Reuters reports
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06:38 EDTAAPLApple stops developers in Crimea from creating App Store apps, TechCrunch says
Apple has sent out emails to app developers in Crimea telling them that they can no longer develop iPhone apps, TechCrunch reports. The move is based on new U.S. sanctions against Crimea, the Russian-annexed area of Ukraine. Reference Link
06:12 EDTINTCIntel downgraded to Underperform from Market Perform at JMP Securities
06:08 EDTBBRYStocks with implied volatility below IV index mean; BBRY ARNA
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January 19, 2015
11:08 EDTBAESYBAE Systems awarded U.S. Navy contract with total value approximately $120M
The U.S. Navy has awarded BAE Systems a five-year contract to provide critical system engineering, integration, and testing expertise for the Aegis Combat System on board surface ships. The initial award is valued at $23M with the total value of the five-year contract estimated at $120M.
07:45 EDTBBRYSamsung wants BlackBerry partnership, not takeover, WSJ reports
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January 18, 2015
16:07 EDTWYNN, LVS, MGMMacau junket operator reduces operations, Bloomberg says
As China’s anti-graft drive reduces customer traffic in Macau, David Group, a junket operator that serves higher-spending casino customers, is closing some rooms in the city, says Bloomberg. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link
13:45 EDTAAPLGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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13:25 EDTCBSNFL, CBS renew agreement for Thursday Night Football
The National Football League will continue its partnership with CBS to produce and televise Thursday Night Football for the 2015 season, it was announced by NFL Commissioner Roger Goodell and Leslie Moonves, president and CEO of CBS Corp., and Sean McManus, Chairman, CBS Sports. CBS will broadcast the first eight Thursday Night Football games which also will be simulcast on NFL Network. NFL Network will also exclusively televise eight games in the run-up to the playoffs. The mix of games will include 14 on Thursday nights and two late-season games on Saturday. The full slate of 16 regular-season games will be produced by CBS with its lead broadcasters and production team on all Thursday night games. The pregame, halftime and postgame shows will continue to feature NFL Network and CBS Sports hosts and analysts. The agreement is for the 2015 season with an additional year at the NFL’s option. “We are pleased to extend our partnership with CBS for Thursday Night Football,” said Goodell. “The promotion and production by CBS and NFL Network last season made Thursday night a night for NFL football. We look forward to working again next season with CBS. ”The programming relationship between the NFL and CBS will expand to include, among other elements, the development of new programming initiatives across the various CBS and NFL platforms. In addition to Thursday Night Football in 2015, CBS will conclude its 56th year broadcasting the NFL with its exclusive presentation of Super Bowl 50 from Levi's Stadium in Santa Clara, Calif. on Feb. 7, 2016. Reference Link
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