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Stock Market & Financial Investment News

News Breaks
May 19, 2014
11:11 EDTSYMC, AKAM, NFLX, CMCSA, LVLTComcast preparing new content delivery service, The Information says
Comcast (CMCSA) Chief Network Officer John Schanz said in an interview that the company is currently testing a new content delivery service and expects to roll it out broadly if all goes well, according to The Information. Content delivery network operators, such as Akamai (AKAM) and Level 3 Communications (LVLT), could be pressured by Comcast's new service, which could also have big implications for streaming video providers like Netflix (NFLX) and security software providers like Symantec (SYMC), according to the report. Reference Link
News For CMCSA;AKAM;LVLT;NFLX;SYMC From The Last 14 Days
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May 19, 2015
06:38 EDTAKAMAkamai downgraded to Perform from Outperform at Oppenheimer
06:29 EDTCMCSA21st Century Fox expects to continue investing in TV, Deadline reports
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May 18, 2015
12:42 EDTSYMCSymantec to receive Veritas bids in 'next few weeks,' dealReporter says
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10:24 EDTCMCSAComcast EVP and GM, Video Services Strauss says in 'golden age' of TV
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10:10 EDTLVLTHigh option volume stocks
High option volume stocks: ASNA LAZ GTI CBRL ANN ISSI ANET HTS URBN LVLT
08:06 EDTCMCSAComcast shares attractive at current levels, says Wells Fargo
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07:27 EDTCMCSAJPMorgan to hold a conference
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May 17, 2015
15:37 EDTCMCSAUniversal's 'Pitch Perfect 2' leads U.S. weekend box office with $70.3M
For the weekend of May 17, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pitch Perfect 2" topped domestic box office charts at $70.3M. Time Warner (TWX) subsidiary Warner Bros.' "Mad Max: Fury Road" landed in second place with $44.4M, while Disney's (DIS) "Avengers: Age Of Ultron" came in third with $38.8M. Warner Bros.' "Hot Pursuit" and Universal's "Furious 7" took fourth and fifth place at $5.8M and $3.6M, respectively. Data gathered by Rentrak.
12:35 EDTLVLTLevel 3 shares may rise 20% to $66 in a year, Barron's says
Shares of Level 3 could see a 20% upside over the next 12 months and may advance towards $98, Barron's contends in a feature article. Barron's notes that the company has valuable, unused fiberoptic assets that should allow for continued growth as demand trends upwards. Reference Link
May 15, 2015
16:21 EDTNFLXStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
16:17 EDTNFLXOn The Fly: Top stock stories for Friday
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16:01 EDTNFLXOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
13:01 EDTNFLXOn The Fly: Top stock stories at midday
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10:31 EDTNFLXNetflix volatility at low end of historic range as shares at all-time high
Netflix May weekly call option implied volatility is at 25, June is at 28, July is at 37; compared to its 90-day average of 36; suggesting decreasing near term price movement on reports of talks to enter China's online video market.
09:37 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL TWTR TSLA NFLX FB
09:11 EDTNFLXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
09:04 EDTNFLXNetflix poised to open at all-time high above $600 per share
Shares of Netflix (NFLX) are up more than 3% in pre-market trading to trade near $606 per share after Bloomberg reported that the company is in talks with Wasu Media Holding, a Chinese media company backed by Alibaba (BABA) Executive Chairman Jack Ma, and other Chinese companies about forming a partnership to bring its content to China.
07:26 EDTSYMCSymantec outlook still positive despite earnings miss, says JMP Securities
After Symantec reported lower than expected Q4 EPS, JMP Securities says that after adjusting for foreign currency fluctuations and a true-up of defined-benefit plans, the EPS would have beat expectations by 1c. The firm says the company's headline Q1 EPS guidance also missed expectations but would have beaten after adjusting for currency and an extra selling week in last year's Q1. The firm thinks that the company's profitability is improving ,and it keeps a $30 price target and Outperform rating on the shares.
06:49 EDTCMCSAComcast giving NBCUniversal access to viewer data, NY Post says
Comcast is going to share viewer data collected by set-top boxes to NBCUniversal, which will be added to NBCUniversal's Audience Targeting Platform, reports the NY Post, citing NBCUniversal's head of advertising sales and client partnerships, Linda Yaccarino. Reference Link
05:55 EDTNFLXNetflix in talks to enter China's online video market, Bloomberg reports
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