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News Breaks | | | | February 13, 2013 | | 16:43 EDT |  | CUK, CMCSA, GE, DDD, TRLA, GRPN, RATE, CLF, CCL | On The Fly: Closing Wrap
Stocks on Wall Street were mixed following last night's State of the Union address and January retail sales that were in-line with expectations, but down from December's reading... ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in January, which was in-line with expectations though down from a 0.5% gain in December. Import prices rose 0.6% during the month, versus expectations for an increase of 0.8%, while Export prices were up 0.3% in January, matching the consensus forecast. Business inventories grew 0.1% in December, versus expectations for a 0.2% increase. Additionally, in his State of the Union address last night, President Obama outlined a mix of old and new proposals intended to jump-start the domestic economy as well as urging Congress to raise the minimum wage to $9 an hour from the existing $7.25... COMPANY NEWS: Comcast (CMCSA) gained $1.16, or 2.98%, to $40.13 after reporting its Q4 results earlier than expected. It also announced it will buy General Electric’s (GE) remaining 49% equity stake in NBCUniversal for $16.7B and would acquire $1.4B in real estate assets from GE. Comcast increased its annual dividend by 20% to 78c per share and said it plans to buy back $2B of its stock in 2013. After the earlier than expected sale of the NBCU interest, GE shares gained 81c, or 3.59%, to $23.39 as the company said it was raising its share repurchase plan to $35B and accelerating its 2013 share buybacks to about $10B... MAJOR MOVERS: Among the notable gainers were shares of 3D printer maker 3D Systems (DDD), up $2.54, or 4.03%, to $65.61 following comments made by President Obama during last night's State of the Union address. Also higher were shares of Trulia (TRLA), up $5.21, or 21.9%, to $29.00 following better than expected Q4 results, and Groupon (GRPN), up 28c, or 5.39%, to $5.57 after the stock was upgraded to Buy from Neutral at Sterne Agee. Among the noteworthy losers was Cliffs Natural (CLF), down $7.32, or 19.99%, to $29.29, after the company reported Q4 results, cut its dividend 76% to 15c per share, and the stock was downgraded by at least three analyst firms. Also lower were shares of Bankrate (RATE), down $1.93, or 15.59%, to $10.45, after its Q4 results missed street estimates and the stock was downgraded to Neutral at Citigroup. Also sliding was Carnival (CCL), down $1.56, or 4%, to $37.46 as the company's Triumph cruise ship, which has been stranded in the Gulf of Mexico, was towed ashore and the company detailed the impact of voyage disruptions and repair costs on its results in the first half of the year... INDICES: The Dow was down 35.79, or 0.26%, to 13,982.91; the Nasdaq was up 10.39, or 0.33%, to 3,196.88; and the S&P 500 was up 0.90, or 0.06%, to 1,520.33. | |
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News For CMCSA;GE;DDD;TRLA;GRPN;RATE;CLF;CCL;CUK From The Last 14 Days Check below for free stories on CMCSA;GE;DDD;TRLA;GRPN;RATE;CLF;CCL;CUK the last two weeks. |
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| May 17, 2013 | | 15:51 EDT |  | CMCSA | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT |  | CMCSA | DirecTV considering acquisition of Hulu, Dow Jones reports
 Subscribe for More Information | | | 12:10 EDT |  | CLF | Stocks with call strike movement; AMD CLF
Subscribe for More Information | | | May 16, 2013 | | 10:09 EDT | | GRPN | Groupon co-CEO thinks revenue can grow to $100B annually, BI reports
Groupon co-CEO Ted Leonsis told Business Insider he believes the company can eventually generate $100B of revenue per year, according to an interview published last night. Reference Link | | | 10:03 EDT |  | DDD | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 10:02 EDT | | DDD | William Blair gets cautious on 3D printer stocks after rally
Subscribe for More Information | | | 09:24 EDT | | CMCSA | Amazon.com expands content licensing agreement with NBCUniversal
Subscribe for More Information | | | 06:07 EDT | | DDD | Stratasys downgraded to Underperform from Market Perform at William Blair
William Blair downgraded both 3D Systems (DDD) and Stratasys (SSYS) to Underperform citing valuations and unreasonable growth expectations. | | | 06:06 EDT | | DDD | 3D Systems downgraded to Underperform from Market Perform at William Blair
Subscribe for More Information | | | 05:51 EDT | | CMCSA | NBCUniversal says winter Olympic Games ad sales strong, WSJ reports
Comcast's (CMCSA) NBCUniversal unit is projecting advertising sales over $800M for the Olympic Games next year in Russia, which would be a record for the Winter Games, despite the decision by Anheuser-Busch InBev (BUD) and Hilton Worldwide not to advertise on the event in Sochi, reports the Wall Street Journal. The company said it has sold 75%-80% of its TV inventory.Reference Link | | | | May 15, 2013 | | 19:59 EDT | | CMCSA | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | | 17:30 EDT | | GE | GE, Boeing warn of defective engine parts, WSJ reports
General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link | | | 17:03 EDT | | GE | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 11:55 EDT | | CLF | Stocks with call strike movement; FSLR CLF
RT Options Scanner shows First Solar (FSLR) June 60 call option implied volatility decreased 3% to 57, Cliffs Natural (CLF) June 24 call option implied volatility increased 3% to 55 according to IVolatility. | | | 11:48 EDT | | CMCSA | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | | 11:24 EDT | | CMCSA | David Tepper's Appaloosa reports new stake in Comcast
| | | 11:13 EDT | | GRPN | Options with decreasing implied volatility: MM GMCR GRPN THRX SGMO
Subscribe for More Information | | | 10:49 EDT | | CMCSA | Senator questions TV broadcasters' free spectrum rights, The Hill says
Democratic Senator Mark Warner questioned whether broadcast stations that pull their programming off the air should be able to keep using spectrum for free, The Hill reported yesterday. A number of TV networks have threatened to broadcast only on cable and satellite in response to the launch of Aereo. The latter service uses stations' over the air signals to send programming to consumers' Internet devices. Reference Link | | | 10:35 EDT | | GRPN | Groupon, Zynga advance after hedge fund reports new stakes
Subscribe for More Information | | | 10:07 EDT | | DDD | ExOne tumbles after reporting weaker than expected results
Shares of 3D printer maker ExOne (XONE) are sinking after the company reported weaker than expected results last night. WHAT'S NEW: ExOne's first quarter earnings per share loss was higher than expected, and its revenue was lower than expected. Weakness in Europe slowed purchasing decisions by ExOne's customers in that region, the company's CEO S. Kent Rockwell said in a statement. However, the company reiterated its fiscal 2013 revenue guidance of $48M-$52M, and noted that it has continued to grow its customer base for product parts made by 3D printers. ANALYST REACTION: In a note to investors, Canaccord analyst Bobby Burleson recommended that investors use any weakness in 3D printer makers 3D Systems (DDD) and Stratasys (SSYS) as buying opportunities. ExOne is focused on selling very expensive machines, and its customer base is much less diversified than those of Stratsys and 3D Systems, Burleson wrote. Its results are more volatile than those of Stratasys and 3D systems, according to the analyst, who kept Buy ratings on both 3D Systems and Stratasys. TODAY'S PRICE ACTION: In early trading, Stratasys rose 1.3% to $91.40, 3D Systems gained 1.6% to $49.65, and ExOne tumbled 10% to $43.55. Another company in the sector, Proto Labs (PRLB), gave back 3.15% to $55. | | |
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