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Stock Market & Financial Investment News

News Breaks
January 27, 2014
14:21 EDTCHTR, CMCSA, TWC, CMCSKEarnings 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 23, 2015
18:59 EDTCMCSK, CMCSAComcast pursuing deals with multiple 'new media' companies, WSJ says
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18:21 EDTCMCSA, CMCSKOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
17:07 EDTTWCSoroban Capital Partners reports 5% passive stake in Time Warner Cable
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12:32 EDTCMCSAOn The Fly: Top stock stories at midday
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09:58 EDTCMCSAComcast slips after earnings, levels to watch
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07:20 EDTCMCSAComcast reports Q2 NBCUniversal revenue of $7.2B
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07:11 EDTCMCSAComcast reports Cable customer relationships increased by 31,000
Revenue for Cable Communications increased 6.3% to $11.7B in Q2 compared to $11.0B in the second quarter of 2014, driven by increases of 10.0% in high-speed Internet, 20.4% in business services and 3.7% in video. Customer Relationships increased by 31,000 to 27.3M in Q2, a 56,000 improvement compared to the second quarter of 2014 and driven by increases in double and triple product relationships. At the end of Q2, double and triple product customers increased to 69% of total customer relationships compared to 68% in the second quarter of 2014. Video net losses improved 52% year-over-year to 69,000 and were the best result for a second quarter in nine years, while High-Speed Internet customers grew by 180,000 and Voice net additions were 49,000.
07:02 EDTCMCSAComcast reports Q2 EPS 84c, consensus 84c
Reports Q2 revenue $18.7B, consensus $18.14B. Consolidated Operating Cash Flow increased 8.0% to $6.3B. Excluding $79M of Time Warner Cable (TWC) and Charter (CHTR) transaction-related costs in the second quarter of 2015 and $44M in the second quarter of 2014, consolidated operating cash flow increased 8.5%
05:59 EDTCMCSA, CMCSKEU sends Statement of Objections to Sky, U.S. film studios
The European Commission has sent a Statement of Objections to Sky UK (SKYAY) and six major U.S. film studios: Disney (DIS), NBCUniversal (CMCSA), Paramount Pictures (VIA), Sony (SNE), Twentieth Century Fox (FOXA) and Warner Bros (TWX). The Commission takes the preliminary view that each of the six studios and Sky UK have bilaterally agreed to put in place contractual restrictions that prevent Sky UK from allowing EU consumers located elsewhere to access, via satellite or online, pay-TV services available in the UK and Ireland. Without these restrictions, Sky UK would be free to decide on commercial grounds whether to sell its pay-TV services to such consumers requesting access to its services, taking into account the regulatory framework including, as regards online pay-TV services, the relevant national copyright laws. If the Commission's preliminary position were to be confirmed, each of the companies would have breached EU competition rules prohibiting anti-competitive agreements. The sending of a Statement of Objections does not prejudge the outcome of the investigation. These antitrust investigations focus on contractual restrictions on passive sales outside the licensed territory in agreements between studios and broadcasters.
July 22, 2015
15:26 EDTCMCSA, CMCSKNotable companies reporting before tomorrow's open
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07:45 EDTCMCSAComcast July weekly volatility elevated into Q2 and outlook
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July 19, 2015
15:43 EDTCMCSA, CMCSKDisney's 'Ant-Man' leads U.S. weekend box office with $58M
For the weekend of July 19, Disney's (DIS) "Ant-Man" topped domestic box office charts at $58M. Comcast (CMCSA, CMCSK) subsidiary Universal's "Minions" landed in second place with $50.2M, while Universal's "Trainwreck" came in third with $30.2M. Disney's "Inside Out" and Universal's "Jurassic World" took fourth and fifth place at $11.7M and $11.4M, respectively. Data gathered by Rentrak.
July 17, 2015
07:41 EDTCHTR, TWCRovi ruling in Netflix suit may 'embolden' pay TV providers, says Stephens
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07:30 EDTCHTRCablevision downgraded to Hold from Buy at Jefferies
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06:13 EDTCMCSK, CMCSAHulu considering ad-free option, WSJ reports
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July 16, 2015
16:22 EDTCHTRLone Pine Capital reports 5.7% passive stake in Charter
10:45 EDTTWC, CMCSA, CMCSKNetflix price targets soar as Bernstein stays bearish
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09:55 EDTCMCSA, CHTRRovi trial loss immaterial to estimates, says Piper Jaffray
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05:56 EDTCMCSA, TWCNetflix ruling irrelevant to Rovi contract renewals, says B. Riley
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05:52 EDTCMCSA, TWCRuling in Netflix case a negative for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty says court filings released after yesterday's market close indicate Netflix (NFLX) was granted a motion of summary invalidating all five of the remaining Rovi (ROVI) patents that were being contested. Auty expects Rovi to sell off on the news as investors consider what the ruling may do to the company's upcoming contract renewals with Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and DISH (DISH). The "big 4" choosing to litigate against Rovi is "certainly a possibility," but the companies have bigger patent infringement exposures than an over-the-top vendor like Netflix, Auty writes in a research note. He keeps a Neutral rating on Rovi.
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