New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 23, 2014
07:48 EDTTWX, CMCSA, CHTRCharter price target raised to $200 from $148 at UBS
UBS raised its price target on Charter (CHTR) to $200 from $148 citing underlying fundamentals and expected free cash flow accretion from its plan to acquire and swap customers with Comcast (CMCSA) as part of the Time Warner (TWX) deal. Shares of Charter are Buy rated.
News For CHTR;CMCSA;TWX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
September 2, 2015
12:54 EDTCMCSAComcast received 11,887 criminal requests from Jan. 1-June 30
Subscribe for More Information
11:22 EDTCMCSAHulu announces commercial-free option to subscribers
Subscribe for More Information
September 1, 2015
13:06 EDTTWXNetflix dives as Apple reportedly explores original programming
Shares of streaming video giant Netflix (NFLX) are underperforming a down market today after a Variety report that said Apple (AAPL) is exploring an entry into the original programming business. Amazon (AMZN) also said it expanded Prime Video downloads to the iOS and Android platforms. WHAT'S NEW: According to the Variety report, Apple recently held preliminary discussions with Hollywood executives to measure their interest in "spearheading" a move into entertainment content. Exclusive content has been an integral part of Netflix's success with programming such as House of Cards and Orange Is the New Black. Amazon and Time Warner's (TWX) HBO, which recently launched a streaming-only version of its service, are also counting on exclusive content. According to Variety, the extent of Apple's ambitions vary, according to sources, with some saying the plan is to create long-form content and compete directly with Netflix while other sources say that Apple's efforts are more of a "flirtation." WHAT'S NOTABLE: Netflix announced this week that it will not renew its agreement with Epix, which allowed Netflix to stream movies released on the cable movie channel. Netflix noted that the Epix movies are widely available on cable and other subscription platforms at the same time as they are on Netflix. The streaming video giant said in a blog post that it knows some subscribers will be disappointed by the end of Epix movies but added that its goal "is to provide great movies and TV series for all tastes, that are only available on Netflix." Also noteworthy was the announcement by Amazon today that it will now allow Prime members to download movies and TV episodes, including Amazon Original Series, to iPhones, iPads and Android phones and tablets for offline viewing, at no additional charge. The company noted that Amazon Video is the only online subscription streaming video service that enables downloads of titles, meaning unlike other subscription streaming services such as Netflix, Prime members can enjoy movies and TV shows as part of their membership even when they don't have an internet connection. ANALYST TAKE: In a note to investors this morning, BofA/Merrill analyst Nat Schindler raised his price target on Netflix shares to $133 from $121 following reports the company will officially launch in Japan on September 2 and recently raised prices in Europe. The analyst, which maintains his Buy rating on shares, also pointed out that Netflix is in an agreement with Softbank (SFTBF), a leader in Japan's telecom and internet space. The Softbank partnership will bolster subscriber growth through pre-installed Netflix apps on Softbank phones, automatic subscription payments through Softbank's payment system, and in-store signups and marketing. PRICE ACTION: Shares of Netflix are underperforming a weak market and are down 8.15% to $105.65, while Apple and Amazon are both down over 2%.
August 31, 2015
13:01 EDTCMCSAComcast promotes Myrna Soto to SVP and Global Chief Information Security Officer
Comcast announced that Myrna Soto has been promoted to Senior Vice President, Global Chief Information Security Officer. Prior to this appointment, Ms. Soto served as Senior Vice President, Chief Infrastructure and Information Security Officer within Engineering & Platform Services for Comcast Cable.
08:44 EDTCMCSANetflix confirms that it will not renew agreement with Epix
Subscribe for More Information
05:37 EDTCMCSAHulu, Epix announce extensive multi-year agreement
Subscribe for More Information
August 30, 2015
18:51 EDTCMCSANetflix to lose access to certain high profile movies, Re/code says
Subscribe for More Information
17:13 EDTTWX, CMCSA'Compton' leads again as 'We Are Your Friends' stumbles at box office
Hip hop biopic "Straight Outta Compton" continued its domestic box office dominance while Christian drama "War Room" outpaced analyst estimates and electronic dance flick "We Are Your Friends" fizzled. U.S. WEEKEND LEADER: Comcast (CMCSA, CMCSK) subsidiary Universal's "Straight Outta Compton" grossed $13.2M domestically for the weekend of August 30, securing the top box office spot for a third consecutive week. In a record-breaking performance for musical biopics, the gangster rap film has earned $134.1M in the U.S. since opening earlier this month. Though Warner Bros.' (TWX) "We Are Your Friends" was predicted to challenge "Compton" with sales ranging $8M-$10M, the Zac Efron-led electronic music film flopped at just $1.8M. BOX OFFICE RUNNERS-UP: Produced with an estimated budget of $3M, Sony's (SNE) faith-based drama "War Room" debuted at $11M against expectations for $5M-$8.5M after leading in advance ticket sales. Viacom (VIA, VIAB) subsidiary Paramount's "Mission: Impossible Rogue Nation" relinquished its grip on second place with an $8.3M gross for the weekend, while Weinstein Company's action thriller "No Escape" opened in fourth place at $8.29M. "Sinister 2" from Comcast subsidiary Focus Features rounded out this weekend's Top 5 at $4.7M.
August 28, 2015
10:43 EDTCMCSA, TWXFly Watch: 'Straight Outta Compton' expected to lead box office for third week
Subscribe for More Information
August 27, 2015
06:40 EDTCMCSANielsen to start tracking for online streaming shows, WSJ reports
Subscribe for More Information
August 26, 2015
10:01 EDTCMCSAComcast Cable accepting proposals for two Hispanic-American owned networks
Subscribe for More Information
August 25, 2015
19:16 EDTCMCSATV service Hulu to feature programmatic ads powered by Facebook, Oracle
Subscribe for More Information
13:59 EDTCMCSAHouzz acquires GardenWeb from NBCUniversal
Houzz, a start-up that operates a platform for home remodeling and design, announced on its corporate blog that it has completed the acquisition of the GardenWeb home and gardening community from Comcast's NBCUniversal. Reference Link
10:57 EDTTWXHilliard Lyons upgrades Disney after recent pullback
Subscribe for More Information
08:33 EDTCMCSAComcast expands advanced fiber network to Meyers Business Park
Subscribe for More Information
07:07 EDTCMCSAComcast to increase speeds for Xfinity Twin Cities area customers
Subscribe for More Information
06:07 EDTTWXWarner Bros. in talks with China Media Capital to form film JV, WSJ reports
Subscribe for More Information
August 23, 2015
16:22 EDTTWX, CMCSA'Straight Outta Compton' finds little contention for No. 1 box office spot
Subscribe for More Information
August 21, 2015
13:11 EDTCMCSAFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
Subscribe for More Information
08:53 EDTTWXAfter 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%.
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