New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2014
17:03 EDTVFC, CVS, TWC, CSCO, CBS, CMCSA, PEP, OWW, CHTRMarkets log gains after Yellen affirms Fed strategy
Stocks ended the week higher after comments from Federal Reserve Chair Janet Yellen reassured investors of the central bank's strategy, with the Dow and S&P 500 climbing back within 1% of their all-time highs. MACRO NEWS: In testimony before a Congressional panel, newly appointed Federal Reserve Chair Janet Yellen said she expected "a great deal of continuity" in the central bank's policies as she begins her tenure. Yellen said she would likely support further tapering of the Fed's asset purchases, and backs its policy of keeping interest rates low "well past" the point when the unemployment rate drops below 6.5%... An index of retail sales in January showed that sales fell 0.4% during the month, which was below December's 0.2% gain and economists' expectations for flat sales... Earlier today, the EU reported that eurozone GDP grew 0.3% last quarter, surpassing consensus estimates for a 0.2% gain. COMPANY NEWS: Cable majors Comcast (CMCSA) and Time Warner Cable (TWC), agreed to merge in a $45.2 billion deal all-stock deal. The announcement followed a months-long pursuit of TWC by Charter Communications (CHTR), which earlier in the week had nominated a full slate of directors to TWC's board... Corporate earnings season is beginning to wind down, but a slew of companies were out this week with their quarterly reports. Among the companies that gained after reporting results were CBS (CBS), CVS Caremark (CVS), and online travel agency Orbitz Worldwide (OWW). Companies that fell following their quarter reports included tech giant Cisco (CSCO) and apparel company VFC Corp. (VFC). Soft drink maker Pepsi (PEP) also reported quarterly results and saw its shares slip after deciding against spinning-off its domestic beverage business. INDEXES: The Dow finished the week up 2.2% to 16,154.39; the S&P 500 gained 2.3% to 1,838.63; the Nasdaq gained 2.8% to 4,244.02.
News For CMCSA;TWC;CHTR;CBS;CVS;OWW;CSCO;VFC;PEP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
November 12, 2014
16:12 EDTCSCOCisco says Q1 was "strongest ever" in terms of revenue, non-GAAP EPS
Subscribe for More Information
16:10 EDTCSCOCisco announces CFO transition, Frank Calderoni to step down
Frank Calderoni recently notified Cisco of his decision to step down as executive vice president and CFO of Cisco, effective January 1, 2015. Cisco plans to appoint Kelly A. Kramer to succeed Calderoni. She is currently senior vice president, Business Technology and Operations Finance of Cisco.
16:07 EDTCSCOCisco repurchased approximately 41M shares of common stock in Q1
Subscribe for More Information
16:06 EDTCSCOCisco reports Q1 cash flow from operations $2.5B
Cash flows from operations were $2.5B for the first quarter of fiscal 2015, compared with $3.6B for the fourth quarter of fiscal 2014, and compared with $2.6B for the first quarter of fiscal 2014.
16:05 EDTCSCOCisco reports Q1 adjusted EPS 54c, consensus 53c
Subscribe for More Information
15:29 EDTCSCONotable companies reporting after market close
Subscribe for More Information
15:08 EDTCSCOEarnings Preview: Cisco reports amid analyst debate on break-up potential
Subscribe for More Information
13:07 EDTCSCOPacific Crest remains cautious on Cisco
Subscribe for More Information
12:56 EDTCMCSA, TWCFCC chairman disagrees with Obama on Internet rules, Washington Post says
FCC Chairman Tom Wheeler told the executives of major Internet companies that he favors a more nuanced solution for regulating the Internet than the one suggested by President Obama, according to The Washington Post. Wheeler said he would "try to split the baby" between the president's proposal and the agenda of Internet executives who don't want the rules to affect their business, the newspaper stated, citing four unnamed sources who attended a meeting with Wheeler. Comcast (CMCSA), Time Warner Cable (TWC), Verizon (VZ), Cablevision (CVC) ,and AT&T (T) are major Internet Service Providers. Executives from Google (GOOG) and Yahoo (YHOO) were at the meeting with Wheeler, the newspaper said. . Reference Link
11:55 EDTCSCOCisco November weekly 25 straddle priced for 4.4% move into Q1
11:51 EDTCSCOCisco technical comments before earnings
The stock has underperformed the broader averages in the past three months, falling over 1%. That lower performance would have been far worse if not for the recent uptrend off the mid-October lows. That rally helped to overcome the otherwise bearish head and shoulders that had developed on the daily chart and had completed at mid-October. In a long view, the current price action appears to put the shares either at a double top, or poised for a breakout that would results in four-year highs or more. The key level is at $26, not far from where the stock is currently trading. On better news or guidance, a move above $26 would seem highly probable and that would constitute a technical bullish breakout. Next resistance would be at $27.74 and then at $28.40. If the news is not as bullish as current price action suggests, the recent uptrend would probably be broken. It would only take a move below $24.50 for that to happen. Additional downside objectives might be at the following supports at $23.76, $22.43 and $21.94. A move down to or below $22 would confirm a major top was in place, which would have long-term bearish implications for price.
10:43 EDTCBSBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:13 EDTCSCOEZchip expects revenue from Cisco to grow YoY in 2014
Comments taken from Q3 earnings conference call.
10:00 EDTCMCSAOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:58 EDTCSCOCisco November volatility increases into Q1 and outlook
Cisco November weekly call option implied volatility is at 77, November is at 34, December is at 23, January is at 19, February is at 20; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on November 12.
09:28 EDTCMCSAComcast weakness on Title II pullback a buying opportunity, says Goldman
Goldman recommends buying Comcast on Title II weakness. The firm said Comcast's business practices are largely in-line with the proposed rules, suggesting minimal impact to operations. The firm reiterates its Buy rating and $65 price target.
08:19 EDTCMCSAComcast downgraded to Hold from Buy at Maxim
Maxim downgraded Comcast to Hold saying the company's Internet pricing power could be negatively impacted from potential net neutrality legislation. The firm prefers to wait on the sidelines pending greater clarity into potential Title II legislation.
07:48 EDTCBSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
07:45 EDTCMCSA, TWCARRIS should be bought on weakness, says RBC Capital
Subscribe for More Information
07:10 EDTCMCSAComcast downgraded to Hold from Buy at Maxim
Subscribe for More Information
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use