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Stock Market & Financial Investment News

News Breaks
January 27, 2014
14:21 EDTCMCSK, CHTR, CMCSA, TWCEarnings Preview: Comcast, Charter deal in focus ahead of Q4 report
Comcast (CMCSA, CMCSK) is set to report fourth quarter earnings before the market open on Tuesday, January 28, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. EXPECTATIONS: Analysts are looking for EPS of 68c on revenue of $16.62B, according to First Call. The consensus range for EPS is 62c-79c on revenue of $16.32B-$16.84B. LAST QUARTER: Comcast reported Q3 EPS of 65c against estimates for 61c, on revenue of $16.2B against estimates for $16.25B. Comcast reported free cash flow rose 30% in Q3 to $1.97B. COMPANY NEWS: During the quarter, a number of reports linked Comcast to a possible bid for Time Warner Cable (TWC). The most recent report from Bloomberg suggested that Comcast and Charter Communications (CHTR) are near a bid for Time Warner Cable assets. A number of reports suggested Comcast and Charter could execute a joint bid for Time Warner Cable, with the possibility of Comcast launching a solo bid for Time Warner Cable largely dismissed. A report earlier today said that Comcast’s NBC is seen as a lead bidder for the NFL’s package of Thursday night games, which would add to the network’s Sunday night NFL broadcast, which has rated as the top program among 18-49 year olds for six consecutive fall TV seasons. STREET RESEARCH: Wall Street research on Comcast has been generally positive during the quarter. After Comcast’s Q3 report, analysts at Brean Capital said investors should sell Time Warner Cable and buy Comcast, which the firm maintains a Buy rating on. In early December, shares of Comcast were initiated with an Outperform rating and $61 price target at Northland Securities. Later in December, Buckingham initiated coverage of Comcast with a Buy rating and $60 target, and Jefferies assumed coverage of the stock with a Buy rating at $60 price target. Earlier this month, Morgan Stanley raised its rating on Comcast to Overweight from Equal Weight, putting a $63 price target on the stock. PRICE ACTION: Shares of Comcast have gained 10% since its Q3 report, and for the 52-week period ending January 24, Comcast has gained 30%, outpacing the benchmark S&P 500’s 20% gain over the same period. In afternoon trade ahead of its Q4 report, Comcast is up 1.5%.
News For CMCSA;CMCSK;TWC;CHTR From The Last 14 Days
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November 11, 2014
06:36 EDTCMCSANBC exec 'very satisfied' with pace of Super Bowl ad sales, NY Times says
NBC, the broadcast home of Super Bowl XLIX in 2015, is "very satisfied" with the pace of sales of commercial time during the game, reports the New York Times. Seth Winter, the Executive VP for Sales of NBC Sports and NBCUniversal News Groups at NBCUniversal, said "I'm never 'extremely satisfied' until we're sold out... I'm very satisfied with what we see." Winter added that NBC is approaching 90% of the commercial time in the game's being sold to advertisers. Reference Link
05:51 EDTCMCSAStocks with implied volatility movement; HLF CMCSA
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November 10, 2014
16:44 EDTTWC, CMCSAOn The Fly: Closing Wrap
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14:09 EDTTWC, CMCSABoehner strongly opposes net neutrality
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13:52 EDTCHTRCharter issues statement regarding White House Title II announcement
Charter Communications released the following statement in response to the White House Title II Announcement: "Charter Communications unambiguously supports an open Internet, which is vital for consumers and central to our continued success. The extraordinary growth of broadband service in the United States, which now reaches more than 70 million households, has largely been the result of the current regulatory environment. For these reasons, we strongly oppose the reclassification of broadband as a Title II service under the Telecommunications Act. Efforts to reclassify broadband ignore the fact that the current rules have encouraged billions of dollars of investment in our broadband infrastructure and Americans' access to open, fast, and reliable service has never been greater. Applying 1930's-era, rotary telephone legislation to a 21st century computer technology comes with significant risks to consumers. It is a solution in search of a problem and threatens to undermine continued investment to improve and expand our nation's broadband infrastructure."
13:26 EDTCMCSA, TWCCable providers fall after Obama weighs in on net neutrality
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12:25 EDTTWCTime Warner Cable issues statement on White House Title II announcement
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12:24 EDTCHTR, TWC, CMCSAOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the market’s drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internet’s success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributor’s third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analysts’ consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:42 EDTCMCSAComcast falls after Obama urges internet reclassification under Title II
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10:09 EDTCMCSA, TWCOptions with increasing implied volatility: CZR IGT CMCSA TWC
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10:06 EDTCHTR, TWC, CMCSAVerizon says utility Internet regulation would 'threaten great harm'
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10:01 EDTCHTR, CMCSA, TWCTWC, Charter, Comcast drop after Obama calls for Internet regulation
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09:45 EDTCMCSA, CHTR, TWCObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTCHTR, TWC, CMCSAObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:12 EDTCMCSACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
November 7, 2014
11:46 EDTTWCTime Warner Cable drops 2% to $142.94
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10:00 EDTCHTROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Overweight from Equalweight at Capital One... CA Technologies (CA) upgraded at Evercore ISI... CGG SA (CGG) upgraded to Hold from Sell at Canaccord... Cavium (CAVM) upgraded to Strong Buy from Outperform at Raymond James... Charter (CHTR) upgraded to Outperform from Market Perform at Raymond James... Chesapeake (CHK) upgraded to Overweight from Equal Weight at Johnson Rice... Container Store (TCS) upgraded at BofA/Merrill... Delhaize (DEG) upgraded to Neutral from Underperform at BofA/Merrill... Devon Energy (DVN) upgraded to Accumulate from Hold at Tudor Pickering... Dynegy (DYN) upgraded to Accumulate from Hold at Tudor Pickering... EOG Resources (EOG) upgraded to Buy from Accumulate at Tudor Pickering... Envestnet (ENV) upgraded at Raymond James... GNC Holdings (GNC) upgraded to Buy from Neutral at Goldman... Hospira (HSP) upgraded at Raymond James... Kinross Gold (KGC) upgraded to Buy from Neutral at UBS... Kosmos (KOS) upgraded at RBC Capital... Nationstar (NSM) upgraded to Market Perform from Underperform at Wells Fargo... Northern Oil and Gas (NOG) upgraded at Raymond James... Perrigo (PRGO) upgraded to Overweight from Equal Weight at Morgan Stanley... PetSmart (PETM) upgraded to Hold from Sell at Deutsche Bank... Plains GP Holdings (PAGP) upgraded at Credit Suisse... Rosetta Resources (ROSE) upgraded to Accumulate from Hold at Tudor Pickering... Splunk (SPLK) upgraded to Buy from Hold at Evercore ISI... Sunoco Logistics (SXL) upgraded to Buy from Neutral at UBS... Target (TGT) upgraded to Buy from Neutral at Cleveland Research... Walker & Dunlop (WD) upgraded to Outperform from Market Perform at Wells Fargo... XO Group (XOXO) upgraded to Buy from Neutral at B. Riley... Zynga (ZNGA) upgraded to Buy from Hold at Needham.
09:54 EDTCHTRFollow-up: Charter upgraded to Outperform at Raymond James
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08:46 EDTCHTR, CMCSA, TWCCord cutting accelerates as pay-TV loses 179K customers in Q3, WSJ reports
The pay-TV industry lost about 179K customers in Q3, which is steeper than the decline of 83K in the same quarter of last year, reported The Wall Street Journal, citing company reports and estimates from research firm MoffettNathanson. Companies that provide television service include AT&T (T), Verizon (VZ), DISH (DISH), Charter (CHTR), DirecTV (DTV), Cablevision (CVC), Comcast (CMCSA) and Time Warner Cable (TWC). Netflix (NFLX) and Amazon (AMZN) provide television and movie streaming services that compete with broadcast and cable television network offerings. Reference Link
06:49 EDTCHTRCharter upgraded to Outperform from Market Perform at Raymond James
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