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Stock Market & Financial Investment News

News Breaks
December 12, 2012
08:31 EDTCSTR, VZ, VIA, VIAB, LGF, MGMRedbox Instant by Verizon releases details of disc and digital movie service
Redbox Instant by Verizon, a joint venture between two market leaders, Redbox, a subsidiary of Coinstar (CSTR), and Verizon Communications (VZ), unveiled further details of its soon-to-launch service and announced agreements with Hollywood studios and device manufacturers that will bring thousands of popular movies to consumers at home and on the go. Later this month, the Redbox Instant by Verizon beta product will launch to consumers. Priced at $8.00 per month, Redbox Instant by Verizon offers a subscription package that combines unlimited streaming of thousands of popular movies, including titles from premium network EPIX, with four one-night credits per month for the latest movie releases on DVD at Redbox kiosks. For $1.00 more, or $9.00 per month, customers can opt to redeem their four credits for rentals on Blu-ray Disc at the kiosk. Through the agreement with EPIX, Redbox Instant by Verizon's subscription customers will be able to instantly stream new releases such as Mission Impossible: Ghost Protocol and The Hunger Games from EPIX's studio partners, Viacom's Paramount Pictures (VIA, VIA.B), Lionsgate (LGF), and MGM (MGM) 90 days after they premiere in the traditional premium window.
News For CSTR;VZ;VIA;VIAB;LGF;MGM From The Last 14 Days
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October 21, 2014
07:34 EDTVZVerizon sees FY14 capital spending near $17B
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07:33 EDTVZVerizon CEO says seeing continued, healthy demand for wireless, broadband
Verizon Communications Chairman and CEO Lowell McAdam said: "We have great confidence heading into the fourth quarter, as Verizon continues to deliver consistently strong operating and financial results. We see continued, healthy customer demand for wireless and broadband services, and we are encouraged by the growth we are starting to see in the areas of video delivery and machine-to-machine. Our cash generation remains strong, and last month we were pleased to announce board approval of a quarterly dividend increase for the eighth consecutive year."
07:32 EDTVZVerizon reports Q3 EPS 89c, consensus 90c
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October 20, 2014
15:36 EDTVZNotable companies reporting before tomorrow's open
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15:19 EDTVZVerizon technical commentary before earnings
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13:53 EDTVZEarnings Preview: Verizon sentiment mixed ahead of Q3 report
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11:07 EDTLGFLionsgate and Tribeca Enterprises partner to launch SVOD service
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07:17 EDTVZVerizon weekly volatility elevated into Q3 and outlook
Verizon October weekly call option implied volatility is at 25, November and January is at 16; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 21.
October 16, 2014
10:01 EDTVIABOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
08:21 EDTVIABViacom oversold on affiliate fee and ad fears, says Goldman
Goldman lowered Viacom estimates on a lower ad outlook but believes shares are oversold on affiliate fee and advertising fears. The firm views valuation as compelling against all metrics and expects comps to moderate in Q4 and ratings declines to moderate with new original programing and the current TV season. Shares are Buy rated with a $82 price target. Note BofA/Merrill and Guggenheim downgraded Viacom this morning.
07:56 EDTVIABViacom downgraded at BofA/Merrill
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07:45 EDTVIABViacom downgraded at Guggenheim
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07:17 EDTVIABViacom downgraded to Neutral from Buy at Guggenheim
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06:32 EDTVIABViacom downgraded to Underperform from Neutral at BofA/Merrill
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October 15, 2014
14:10 EDTMGMPennsylvania reports September gaming revenue down 2.2% to $239.5M
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14:06 EDTMGMAtlantic City reports September gaming win down 12.8% to $209.4M
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05:39 EDTMGMBell Media signs content deal with United Artists, Highway Entertainment
Bell Media, part of BCE (BCE), announced from MIPCOM a multi-faceted partnership with United Artists Media Group, a newly formed joint venture among MGM (MGM), Mark Burnett, Roma Downey, and Hearst Entertainment, and Omnicom Canada's (OMC) Highway Entertainment to create new television formats for Canadian and international audiences. As a result of the partnership, pilots for several new formats are currently in development and pre-production at Bell Media, parent company of conventional broadcaster CTV. Terms of the deal were not released.
October 14, 2014
09:37 EDTVZActive equity options trading on open
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08:13 EDTVZCorvex says Crown Castle, Verizon deal would 'diversify' revenues
Corvex said, "A Verizon (VZ) tower deal would diversify Crown Castle's (CCI) revenues and deepen the company's relationship with arguably the U.S.'s strongest wireless company and operator of the country's most robust network. As the largest and most-focused U.S. tower operator and the largest operator of legacy carrier portfolios, Crown Castle could be the best strategic acquirer of Verizon's tower assets. That does not mean the company will be best positioned financially to provide the highest and best bid though. Based on recent press articles, the potential sale price for the Verizon towers could be approximately $6B. However, we strongly believe that the company should not issue any equity at recent prices, and certainly not to acquire more tower assets at premium prices when Crown Castle continues to trade at a material discount to both transaction multiples and publicly traded peers."
October 13, 2014
06:25 EDTMGMMGM Resorts win in Japan could add $11 per share, says Citigroup
Citigroup estimates shares of MGM Resorts could rally $11 should the company win a gaming license in Osaka, Japan. Citi expects the gaming bill in Japan to be passed in November, and notes MGM is a major candidate in Osaka. The firm says the Macau slowdown has the least impact on MGM. It lowered its price target for shares to $31 from $32 and keeps a Buy rating on the name.
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