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Stock Market & Financial Investment News

News Breaks
January 27, 2014
14:21 EDTCMCSA, CMCSK, TWC, CHTREarnings 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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July 25, 2014
19:13 EDTTWCTime Warner Cable seeking faster HBO growth with web-based plan, Bloomberg says
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July 22, 2014
14:06 EDTCMCSAComcast poised for further gains, Barron's reports
Comcast should continue to post gains as it currently trades for just 16.7 times forward earnings while its earnings per share are forecast to grow 18.2% this year and 12% in 2015, Barron's reports. Reference Link
09:09 EDTCMCSAComcast says does not need to 'bulk up' in content
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09:01 EDTCMCSA, TWCComcast says FCC started 180 day review clock for merger as of July 10
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08:56 EDTTWC, CMCSAComcast results reinforce positive view, says Brean Capital
Brean Capital said the Q2 operating results from Comcast (CMCSA) reinforced their positive view of the shares. Brean also believe the acquisition of Time Warner Cable (TWC) will create far greater synergies than what has been discussed publicly and keeps a Buy rating with a $65 price target on Comcast.
08:26 EDTCMCSAComcast still sees FY14 Cable CapEx rising to about 14% of Cable revenue
Comcast continues to expect 2014 Cable capital expenditures to increase to about 14% of Cable revenue and for 2014 NBCUniversal capital expenditures to be relatively stable.
08:25 EDTCMCSAComcast reports Q2 cable programming expense up 6.7%
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08:25 EDTCMCSA, CHTR, TWCComcast reports Q2 operating cash flow up 7% to $5.8B
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07:06 EDTCMCSAComcast reports Q2 voice customer net adds 137K
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07:04 EDTCMCSAComcast Q2 high-speed internet customers increased 203K
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07:01 EDTCMCSAComcast reports Q1 EPS 75c, consensus 72c
Reports Q2 revenue $16.84B, consensus $16.95B.
July 21, 2014
16:18 EDTTWC, CMCSANetflix says policy goal is for DOJ/FCC to block Comcast, TWC deal
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15:30 EDTCMCSANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
July 18, 2014
12:21 EDTCMCSACable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
11:04 EDTCMCSA, CMCSKComcast, ESPN reach agreement on carriage of SEC Network, Reuters says
08:21 EDTCMCSATime Warner merger could change Warner Bros. spot in tv landscape, WSJ says
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July 17, 2014
14:52 EDTCMCSAYahoo Sports, NBC Sports announce expanded fantasy football coverage
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10:00 EDTCHTROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Strong Buy at ISI Group... Charter (CHTR) downgraded to Hold from Buy at Jefferies... Covidien (COV) downgraded to Hold from Buy at Needham... Diageo (DEO) downgraded to Underweight from Neutral at JPMorgan... GNC Holdings (GNC) downgraded to Hold from Buy at Jefferies... International Game (IGT) downgraded to Market Perform from Outperform at BMO Capital... JAVELIN Mortgage (JMI) downgraded to Market Perform from Outperform at JMP Securities... Macquarie Group (MQBKY) downgraded to Underweight from Neutral at JPMorgan... PNC Financial (PNC) downgraded to Neutral from Buy at Compass Point... PetSmart (PETM) downgraded to Sector Perform from Outperform at RBC Capital... Rexam (REXMY) downgraded to Hold from Buy at Deutsche Bank.
09:22 EDTCMCSA, CHTR, TWCComcast price target raised to $66 from $62 at Maxim
Maxim raised its price target for Comcast (CMCSA) shares to $66 citing synergies from the Time Warner Cable (TWC), Charter deal. The firm says it values NBC Universal on a 10 times 2015 EBITDA, which it notes is a 14% discount to Fox's (FOXA) proposed bid for Time Warner (TWX), which values Time Warner at 11.6 times. Maxim keeps a Buy rating on Comcast shares.
05:30 EDTCHTRCharter downgraded to Hold from Buy at Jefferies
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