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Stock Market & Financial Investment News

News Breaks
February 11, 2013
15:16 EDTMAS, DNB, LGF, CNO, UNIS, FULLCompanies reporting After the Market Close on Monday, February 11
Notable companies reporting after the closing bell on Monday include CNO Financial Group (CNO), Dun & Bradstreet (DNB), Full Circle Capital (FULL), Lions Gate Entertainment (LGF), Masco (MAS), and Unilife (UNIS).
News For CNO;DNB;FULL;LGF;MAS;UNIS From The Last 14 Days
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February 8, 2016
05:51 EDTLGFLionsgate post-earnings selloff 'well overdone,' says JPMorgan
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February 7, 2016
17:27 EDTLGF'Kung Fu Panda' defends top spot as undead Jane Austen misses
"Kung Fu Panda 3" missed analyst forecasts for its second week at the box office but still staved off newcomers "Hail, Caesar!" and "Pride And Prejudice And Zombies," with the latter coming in sharply below estimates. WEEKEND LEADER: "Kung Fu Panda 3," produced by DreamWorks (DWA) and distributed by Fox (FOX, FOXA), grossed $21M domestically for the weekend of February 7. The film dipped roughly 49% from its $41M debut, missing expectations for $23M-$24.7M. BOX OFFICE RUNNERS-UP: Universal's (CMCSA, CMCSK) "Hail, Caesar!" debuted at $11.4M versus expectations for $10M-$11M. Directed by the Coen brothers, the comedy film features an ensemble cast of Josh Brolin, George Clooney, Ralph Fiennes, Jonah Hill, Scarlett Johansson, Tilda Swinton and Channing Tatum. Meanwhile, Fox's "The Revenant" took in another $7.1M for a U.S. total of $149.7M, while Disney's (DIS) "Star Wars: The Force Awakens" added $6.9M to its domestic tally. Rounding out the top five was Lionsgate's (LGF) "The Choice" with $6.1M against a reported budget of $10M. "Pride And Prejudice And Zombies," Sony's (SNE) undead take on the Jane Austen classic, shambled to just $5.2M despite predictions of a possible $10M-$11M open.
February 5, 2016
16:12 EDTLGFOn The Fly: Top stock stories for Friday
Stocks began the session in negative territory and remained there throughout the day. The monthly jobs report showed job growth had slowed more that expected in January, along with indicating higher than expected wage inflation due to the minimum wage increases around the country. Also weighing on the market were the worse than expected forecasts from some companies with previously high-flying stocks, including professional social network operator LinkedIn (LNKD). The Nasdaq was the biggest decliner losing more than 3% of its value, though the S&P and Dow also finished with significant losses. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 151,000 in January, versus expectations for an increase of 190,000. The unemployment rate fell to 4.9%, versus expectations for it to stay at 5.0%. Average hourly earnings climbed 0.5% month-over-month, versus the consensus forecast for them to rise 0.3%. The trade deficit widened 2.7% to $43.4B in December, as exports dipped 0.3% and imports rose 0.3%. Consumer credit surged $21.3B in December, topping the $16B increase that was expected. COMPANY NEWS: LinkedIn plunged 43.68% to $108.49 after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock. "Big Data" software provider Tableau (DATA) similarly issued full-year guidance significantly below expectations and also fell sharply, tumbling 49.57% to $41.27. A number of companies that sell software to businesses fell in the wake of their reports, including Splunk (SPLK), Qlik Technologies (QLIK), NetSuite (N), Salesforce (CRM) and Workday (WDAY). MAJOR MOVERS: Among the notable gainers following their earnings reports were packaged foods maker Post Holdings (POST), which gained 11.14% to $63.83, and meat producer Tyson Foods (TSN), which advanced Among the noteworthy losers was Lionsgate (LGF), falling 27% to $18.57 after its third quarter revenue and earnings declined, which the company attributed to the performance of its theatrical film slate. Lionsgate's post-earnings pullback also weighed on Starz (STRZA), which fell 22.2%. Bloomberg reported earlier in the week, citing sources, that Lionsgate had restarted talks to possibly acquire Starz. Also lower following their earnings reports were shares of Redbox parent Outerwall (OUTR), which fell 17.28%, and Hanesbrands (HBI), which slid 15.1%. INDEXES: The Dow fell 211.75, or 1.29%, to 16,204.83, the Nasdaq lost 146.42, or 3.25%, to 4,363.14, and the S&P 500 declined 35.43, or 1.85%, to 1,880.02.
13:46 EDTLGFBox Office Battle: 'Kung Fu Panda 3' expected to remain on top
DreamWorks Animation's (DWA) "Kung Fu Panda 3," starring Jack Black, is expected to retain the top spot at the box office in its second weekend of release, with an estimated domestic gross of $23M-$24.7M. Second place is likely to be a toss-up between Comcast (CMCSA, CMCSK) subsidiary Universal's "Hail, Caesar!," directed by the Coen brothers and starring George Clooney, and Lionsgate's (LGF) Jane Austen parody "Pride and Prejudice and Zombies," which are both predicted to open in the $10M-$11M range. Expected to round out the top five are Fox's (FOX, FOXA) survival story and Oscar contender "The Revenant," which is expected to earn an additional $8M-$9M, and Disney's (DIS) "Star Wars: The Force Awakens," which is expected to gross another $7M in its eighth weekend at theaters -- pushing it past the $900M mark domestically and the $2B mark globally. Other publicly traded companies involved in filmmaking include Sony (SNE), Time Warner (TWX), and Viacom (VIA, VIAB).
12:26 EDTLGFOptions with increasing implied volatility
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12:12 EDTLGFOn The Fly: Top stock stories at midday
Stocks began the day lower and have seen little in the way of buying since the open. As the market digested the monthly jobs data and watched the price of oil turn negative, the selling that had taken a two day break was renewed. The Nasdaq is the biggest loser, falling over 2%, while the Dow is down about 1%. ECONOMIC EVENTS: In the U.S., nonfarm payrolls rose 151,000 in January, versus expectations for an increase of 190,000. The unemployment rate fell to 4.9%, versus expectations for it to stay at 5.0%. Average hourly earnings climbed 0.5% month-over-month, versus the consensus forecast for them to rise 0.3%. The trade deficit widened 2.7% to $43.4B in December, as exports dipped 0.3% and imports rose 0.3%. A report on Consumer Credit growth in December is due out at 3 pm ET. COMPANY NEWS: The shares of LinkedIn (LNKD) plunged 40% after the professional network reported stronger than expected fourth quarter results, but its 2016 guidance came in significantly below expectations. At least nine Wall Street research firms responded to the guidance miss by downgrading the stock... Also tumbling in the wake of its quarterly report was "Big Data" software provider Tableau (DATA), which fell 47% after its full-year guidance came in significantly below expectations. Tableau blamed its guidance miss on weaker IT spending trends, as well as competition, and a number of other companies that sell software to businesses also fell following its report, including peer Splunk (SPLK), NetSuite (N), Salesforce (CRM) and Workday (WDAY). MAJOR MOVERS: Among the notable gainers was Cempra (CEMP), which gained about 5% after it said that its solithromycin drug met primary and secondary objectives in its Phase 3 study. Also higher were Tyson Foods (TSN) and Post Holdings (POST), which gained 10% and 11.5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Vertex (VRTX), which fell 5% after the FDA said that it cannot currently approve a label expansion for Kalydeco in children with residual function mutations. Also lower were Lion's Gate (LGF), YRC Worldwide (YRCW), and Redbox-parent Outerwall (OUTR), which were down 33%, 30%, and 17%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 171.21, or 1.04%, to 16,245.37, the Nasdaq was down 110.39, or 2.45%, to 4,399.17, and the S&P 500 was down 27.10, or 1.41%, to 1,888.35.
11:06 EDTLGFAmid selloff, Piper still bullish on Lionsgate shares
Piper Jaffray analyst James Marsh says he remains bullish on shares of Lionsgate with the stock down 29% after the company reported Q3 results. Lionsgate missed expectations as Mockingjay 2's production budget pushed margins below expectations and the timing of TV deliveries in the quarter impacted results, Marsh tells investors in a post-earnings research note. However, management continues to build out its TV segment at an accelerated pace, the analyst contends. He reiterates an Overweight rating on the name.
09:51 EDTLGFLionsgate says cannot talk specifically about Starz
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08:59 EDTLGFLionsgate hits new 52-week low after earnings miss estimates
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February 4, 2016
16:08 EDTLGFLionsgate down 5.7% after reporting Q3 results
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16:06 EDTLGFLionsgate CEO sees strong, sustainable financial trajectory in FY17
"While the performance of our theatrical film slate resulted in softer than anticipated results, our other businesses performed strongly in the quarter," said Lionsgate CEO Jon Feltheimer. "With our television business continuing its robust topline and margin growth, a deeper and more diversified film slate with lower costs and contributions anticipated from recently launched businesses, we have a clear path to resume our strong and sustainable financial trajectory in FY17."
16:02 EDTLGFLionsgate: Q3 revenue, EPS declined due to performance of theatrical film slate
Revenue, adjusted EBITDA and EPS in Q3 declined from the prior year quarter due to the performance of the theatrical film slate. Although The Hunger Games: Mockingjay 2 grossed over $650M at the global box office, ranking it among the highest-grossing films of the year, its box office performance declined from Mockingjay 1 with higher Mockingjay 2 production costs also impacting its profitability.
16:01 EDTLGFLionsgate reports Q3 adjusted EPS 45c, consensus 49c
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14:35 EDTLGFNotable companies reporting after market close
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12:01 EDTLGFLionsgate acquires rights to Magic Tree House book series
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February 3, 2016
18:53 EDTLGFLionsgate restarts talks to acquire Starz, Bloomberg says
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15:50 EDTLGFLionsgate restarts talks with Starz on possible acquisition, Bloomberg reports
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11:37 EDTMASOptions with increasing put volume; PSX CDNS DF WDR MELI MAS NOV WSM DB
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February 2, 2016
08:06 EDTLGFLionsgate risk/reward attractive, says Bernstein
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January 29, 2016
12:53 EDTLGFBox Office Battle: 'Kung Fu Panda 3' expected to kick 'Revenant' from top spot
DreamWorks Animation's (DWA) "Kung Fu Panda 3" featuring Jack Black is expected to break the record for the largest January opening for an animated feature, topping the opening of "The Nut Job" in 2014. The first two films in the "Kung Fu Panda" franchise took in $60.2M and $47.6M, respectively, in their opening weekends and grossed a total of nearly $1.3B worldwide. With a strong base of Po the Panda fans and the popularity of a recent TV show, conservative early estimates say "Panda 3" is expected to bring in $35M-$50M. Also opening this weekend are Disney's (DIS) "The Finest Hours," starring Chris Pine, and Open Road Films' "Fifty Shades of Black," starring Marlon Wayans. "The Finest Hours" may disappoint, with expectations topping out at $10M in its opening weekend. "Fifty Shades of Black," meanwhile, is the latest spoof movie from the team of Wayans and Michael Tiddes from "Haunted House" fame. The last film from Wayans had an opening weekend of $8.8M, and this one is currently expected to take in a similar amount. Both films will battle with Fox's (FOX, FOXA) survival story and Oscar contender "The Revenant," starring Leonardo Dicaprio, and Disney's (DIS) "Star Wars: The Force Awakens" for spots in the top five. "The Revenant" and "Star Wars" should each take in $9M-$12M even as they continue to lose theaters this coming weekend. Other publicly traded companies involved in filmmaking include Lionsgate (LGF), Comcast (CMCSA, CMCSK), and Sony (SNE).
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