New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 23, 2012
07:55 EDTCBS, CBS, CBSCBS management to meet with RBC Capital
Meeting to be held in the New York/Mid-Atlantic area on March 28 hosted by RBC Capital.
News For CBS From The Last 14 Days
Check below for free stories on CBS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2014
06:25 EDTCBSJustices seem conflicted over Aereo, NY Times says
Subscribe for More Information
06:06 EDTCBSCBS implied volatility of 36 at upper end of index mean range
Subscribe for More Information
April 22, 2014
18:30 EDTCBSDISH to launch internet-TV service this summer, Bloomberg says
Subscribe for More Information
18:01 EDTCBSDISH aims for late Summer to roll-out U.S. Internet TV service, Bloomberg says
Subscribe for More Information
12:12 EDTCBSCBS May volatility elevated at 34 into Q1
CBS May call option implied volatility is at 34, June is at 30, September is at 26; compared to its 26-week average of 28 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on May 8 and Supreme Court Aereo decision this summer.
08:50 EDTCBSCBS reiterated as a Best Idea at Morgan Stanley
Morgan Stanley reiterated CBS as a Best Idea and remains Overweight rated given strong long-term earnings growth driven by content memorization and balance sheet leverage. Price target is $73.
07:25 EDTCBSNatural E Creative Group to hold a summit
Subscribe for More Information
06:10 EDTCBSCBS implied volatility of 34 at upper end of index mean range
April 17, 2014
07:37 EDTCBSIron Mountain could be valued above $40/share with REIT, says William Blair
William Blair continues to believe the odds of REIT conversion for Iron Mountain (IRM) remain about 50/50 after shares rallied on CBS' (CBS) favorable REIT ruling. The firm thinks the rationale for the CBS ruling are likely unrelated to issues under consideration for Iron Mountain. It estimates shares of Iron Mountain could be valued above $40 with REIT approval. The firm finds the risk/reward into the decision as favorable and keeps an Outperform rating on the stock.
April 16, 2014
16:40 EDTCBSOn The Fly: Closing Wrap
Stocks on Wall Street were higher after Fed Chair Janet Yellen struck a dovish tone in comments to the Economic Club of New York, which was in step with the minutes of the last FOMC meeting released last week. The Fed also released its latest Beige Book report, which indicated that economic activity increased in most regions after the severe winter weather that gripped much of the country to start the year had let up. Corporate earnings season continues to pick up steam, with Dow members IBM (IBM) and American Express (AXP), as well as Google (GOOG), reporting after the market close. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fed's Beige Book report indicated that economic activity rebounded and strengthened in most regions over the last six week. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Bank of America (BAC) fell 26c, or 1.59%, to $16.13 after the bank reported a first quarter loss of 5c per share, largely due to $6B in legal charges. Excluding the impact of this litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and other legacy mortgage-related matters, the banking major reported earnings that appeared to beat estimates... Yahoo (YHOO) gained $2.14, or 6.26%, to $36.35 after its quarterly report, with investors reacting most positively to the 66% year-over-year revenue growth reported by Chinese e-commerce company Alibaba, in which Yahoo holds a 24% stake. Yahoo's quarterly profit and revenue also beat expectations and the company's CEO Marissa Mayer said during its earnings webcast that the search giant's core business has moved from declining growth to stable to modest growth. MAJOR MOVERS: Among the notable gainers was CBS Outdoor (CBSO), which jumped $1.94, or 6.69%, to $30.96 after the IRS approved a plan for the company, which was just last week spun-off from its parent CBS (CBS), to convert into a real estate investment trust, or REIT. Other companies seeking REIT status, including Equinix (EQIX), Iron Mountain (IRM) and Lamar Advertising (LAMR), also rose following CBS' announcement. Also higher was drugmaker Zogenix (ZGNX), up 48c, or 20.51%, to $2.82 after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers were U.S.-listed shares of Credit Suisse (CS), which fell 54c, or 1.7%, to $31.22 after the Swiss bank reported net income and revenue that fell when compared to the prior year. Also lower were Agnico Eagle Mines (AEM) and Yamana Gold (AUY) after agreeing to jointly acquire Osisko Mining. Angico shares fell $2.61, or 8.56%, to $27.88, while Yamana was down 36c, or 4.3%, to $8.02. INDEXES: The Dow was up 162.29, or 1.0%, to 16,424.85, the Nasdaq was up 52.06, or 1.29%, to 4,086.23, and the S&P 500 was up 19.33, or 1.05%, to 1,862.31.
16:17 EDTCBSCBS favorable PLR a positive for Equinix, says Wells Fargo
Subscribe for More Information
15:10 EDTCBSCBS Outdoor, other REIT seekers rise after IRS ruling
Subscribe for More Information
14:47 EDTCBSIron Mountain, Lamar Advertising higher after IRS ruling on CBS Outdoor
Shares of Iron Mountain (IRM), up 3%, and Lamar Advertising (LAMR), up 4%, are higher after the IRS approved CBS Outdoor's (CBSO) plan to convert to a REIT. Iron Mountain and Lamar have both been seeking to gain REIT status with the IRS. Shares of CBS Outdoor are also higher, up more than 5%, following the announcement, as are shares of its parent company, CBS (CBS), up more than 2%.
14:43 EDTCBSCBS gets favorable REIT ruling from IRS
Subscribe for More Information
April 14, 2014
11:09 EDTCBSOptions with increasing implied volatility: HZNP VJET YOKU CTRX CBS
April 11, 2014
10:59 EDTCBSOptions with increasing implied volatility: EXPE PBI CROX CBS ADSK
Subscribe for More Information
April 10, 2014
12:03 EDTCBSCBS says Stephen Colbert to be next 'Late Show' host
Subscribe for More Information

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