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Stock Market & Financial Investment News

News Breaks
February 24, 2014
10:18 EDTCCOI, CMCSA, NFLX, AAPL, EBAY, YHOO, MSFT, VZ, LVLTCogent drops after customer Netflix inks deal with Comcast
Shares of Cogent Communications (CCOI) are sinking after one of the company's customers, Netflix (NFLX), announced yesterday that it had made an Internet connection deal with Comcast (CMCSA). Cogent provides Internet communications services. WHAT'S NEW: Under the deal between Netflix and Comcast, the movie rental service will stream its content to the cable giant's customers using Comcast's servers, according to The Wall Street Journal. ANALYST REACTION: In a note to investors earlier today, FBR Capital analyst David Dixon responded to the news by downgrading Cogent to Underperform from Market Perform. Under the deal with Comcast, Netflix will "progressively migrate traffic away from Cogent," the analyst stated. Cogent could lose additional revenue if the company's other major content partners - including Apple (AAPL), eBay (EBAY), Yahoo (YHOO) and Microsoft (MSFT) - follow in Netflix's footsteps and reach their own deals with end-user networks such as Comcast, wrote Dixon. Other access providers, including Verizon (VZ), are likely to make similar deals with content providers, leaving companies like Cogent on the sidelines unless they agree to pay the access providers, the analyst contended. Moreover, Cogent's prices continue to decline, Dixon reported. He has a $23 price target on the stock. PRICE ACTION: In early trading, Cogent sank 9%, or $3.67, to $36.56. Cogent peer Level 3 Communications (LVLT) is down 1% to $37.80.
News For CCOI;CMCSA;NFLX;AAPL;EBAY;YHOO;MSFT;VZ;LVLT From The Last 14 Days
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July 12, 2014
18:33 EDTAAPLIntel looks to Chinese unbranded makers to boost tablet presence, WSJ says
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16:27 EDTAAPLApple wins live streaming case brought by Emblaze, Bloomberg says
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July 11, 2014
18:18 EDTYHOOAlibaba may expand board to 11 after IPO
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16:46 EDTVZStocks end week lower on European, Fed concerns
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15:59 EDTAAPLOptions Update; July 11, 2014
iPath S&P 500 VIX Short-Term Futures down 33c to 28.25. Option volume leaders: AAPL C GILD X FB GOOG AMZN TWTR TSLA according to Track Data.
11:57 EDTMSFTMicrosoft acquires InMage, terms not disclosed
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11:45 EDTYHOOStocks with call strike movement; YHOO WFM
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11:16 EDTYHOOAOL, Yahoo CEOs have late-night talk, WSJ reports
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10:49 EDTEBAYeBay breaks out of downtrend, levels to watch
There has been a distinct downtrend in the name from the highs of March down to the lows of June. After a brief period of basing the shares are breaking out from that downtrend resistance line. At the current price of $51.59, next resistance is at $52.33 which was a recent pivot high on a closing basis. Support is at $50.94.
10:17 EDTAAPLFirm raises Apple price target on iPhone 6 optimism
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09:37 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFC C SUNE FB AMZN TSLA TWTR
09:14 EDTAAPLSanDisk has several positive catalysts, says Sterne Agee
Sterne Agee expects SanDisk (SNDK) to benefit from several developments, including a strengthening high margin retail market and new Apple (AAPL) products that will include embedded MCP and SSDs. The firm expects SanDisk to report solid June quarter results and guide to a stronger September quarter. It keeps a Buy rating.
08:59 EDTNFLXNetflix price target to $500 on international opportunity at Raymond James
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08:49 EDTAAPLJune CIO survey indicates strong 2H, says Morgan Stanley
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08:25 EDTAAPLApple price target raised to $112 from $102 at Canaccord
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07:26 EDTAAPLApple, Coke on board with Obama 'SupplierPay' initiative, WSJ says
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07:21 EDTVZVerizon Q2 postpaid net adds better than expected, says JPMorgan
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07:04 EDTAAPLAnalyst Ming-Chi Kuo: iWatch to enter mass production in November, 9to5Mac says
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06:23 EDTEBAYChannelAdvisor reports Amazon June SSS up 34.4%, eBay up 12.3%
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06:10 EDTNFLXJPMorgan expects solid Q2 results in Internet space
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