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Stock Market & Financial Investment News

News Breaks
December 12, 2012
16:45 EDTACMP, PC, DD, CRL, SPW, CHK, NFLX, GDIOn The Fly: Closing Wrap
Stocks on Wall Street were mixed, with only the S&P eking out a gain, after the Federal Reserve announced new quantitative easing plans and set fiscal policy thresholds. The Federal Reserve released the minutes from its December meeting just after noon, and the averages climbed higher on the news, though a broad market sell-off took hold as Fed chairman Ben Bernanke spoke during the last 90 minutes of the trading session. Following the late day selling, the averages went into the close well off their highs, with the Nasdaq serving as the laggard of the group... ECONOMIC EVENTS: In the U.S., import prices fell more than expected and recorded their biggest drop in five months in November, dropping 0.9%. The Federal Reserve announced it would buy $45B of "longer term" Treasury securities per month after its initial program of buying such securities expires along with continuing to reinvest principal payments from its current holdings into agency mortgage-backed securities. Also, the central bank adopted monetary policy thresholds, saying it expects to keep interest rates exceptionally low "at least as long as" unemployment remains above 6.5% and inflation is projected to be no more than 2.5% in about a two-year time frame... COMPANY NEWS: DuPont (DD) shares rose 61c, or 1.4%, to $44.30 after the company said it expects its adjusted EPS to come in at the high end of its previous forecast and also authorized a repurchase program of $1B... Reuters said SPX Corp. (SPW) has offered more than $4B in a takeover bid for Gardner Denver (GDI), which was "well above" rival offers. Shares of Gardner Denver traded sharply higher following the news, rising $3.49, or 5.02%, to $72.98. Shares of SPX lost 78c, or 1.26%, to close at $61.29... MAJOR MOVERS: Among the notable gainers was Panasonic (PC), up 37c, or 7.31%, to $5.43 following an upgrade to Overweight at Barclays. Also higher were shares of Netflix (NFLX), up $4.65, or 5.40%, to $90.73 after Morgan Stanley raised its price target on the stock to $105 from $80. Among the noteworthy losers were shares of Charles River Labs (CRL), down $3.65, or 9.29%, to $35.65 after the company reaffirmed its 2012 guidance and provided guidance for 2013 below Street expectations. Also lower was Access Midstream Partners (ACMP), down $1.88, or 5.52%, to $32.15 after announcing a deal to acquire the midstream assets of Chesapeake Energy (CHK) for $2.16B... INDICES: The Dow was down 2.99, or 0.02%, to 13,245.45; the Nasdaq was down 8.49, or 0.28%, to 3,013.81; and the S&P 500 was up 0.64, or 0.04%, to 1,428.48.
News For DD;GDI;SPW;PC;NFLX;CRL;ACMP;CHK From The Last 14 Days
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August 19, 2015
16:00 EDTNFLX, CHKOptions Update; August 19, 2015
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13:30 EDTDDOptions with increasing put volume;
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10:57 EDTNFLXT-Mobile promotion gives Netflix analyst greater confidence
UBS raised its price target on Netflix (NFLX) to $143 from $116, saying that its confidence in the company's outlook has improved following a promotion undertaken by T-Mobile (TMUS). WHAT'S NEW: T-Mobile recently began offering one free year of Netflix to consumers who switch to its wireless service, UBS analyst Doug Mitchelson wrote in a note to investors today. Mitchelson said that the promotion increases his confidence in the outlook for Netflix's U.S. business. Moreover, he believes that Netflix could "become a standard promotional tool" for wired and wireless broadband providers going forward. Although Netflix's stock "looks very expensive" in the near-term, the company's long-term opportunity is "extraordinary," given the potential size of the global streaming market, the analyst stated. Mitchelson's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. He raised his price target on the name to $143 from $116 and kept a Buy rating on the shares. WHAT'S NOTABLE: On August 10, research firm Stifel raised its price target on Netflix to $143 from $128, saying that the company's U.S. subscriber base can reach 80M by 2024, above the midpoint of its guidance. PRICE ACTION: In mid-morning trading, Netflix fell 1% to $122.
09:33 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
06:01 EDTNFLXNetflix price target raised to $143 from $116 at UBS
UBS analyst Doug Mitchelson raised his price target for Netflix (NFLX) shares to $143 after increasing his longer term revenue assumptions. The streaming service closed yesterday down $1.31 to $124.05. Mitchelson upped his 2020-2026 revenue estimates to reflect his belief that Netflix will successfully monetize its streaming platform beyond just monthly subscription fees, such as bundling and promoting third party services. He has increased confidence in the company's U.S. growth outlook after T-Mobile (TMUS) just launched a promotion for its wireless service that included one free year of Netflix. As competition among broadband providers intensifies, Netflix's inexpensive monthly streaming service could become one of the standard promotional tools, Mitchelson tells investors in a research note. The analyst's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. Mitchelson keeps a Buy rating on Netflix.
August 18, 2015
16:00 EDTNFLX, CHKOptions Update; August 18, 2015
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11:14 EDTNFLXStocks with call strike movement; NFLX VALE
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09:39 EDTNFLXActive equity options trading on open
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August 17, 2015
12:23 EDTNFLXStocks with call strike movement; Netflix J.C. Penney
Netflix (NFLX) January 150 call option implied volatility increased 2% to 48, J.C. Penney (JCP) January 10 call option implied volatility increased 1% to 40 according to IVolatility.
09:45 EDTSPWSPX Corp. announces board members for SPX Corp, SPX FLOW
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09:38 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
August 14, 2015
17:37 EDTSPWRelational Investors gives quarterly update on stakes
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16:51 EDTNFLXIcahn gives quarterly update on stakes, confirms liquidation of Netflix position
NEW STAKES: Gannett (GCI), and Cheniere Energy (LNG). INCREASED STAKES: Icahn Enterprises (IEP). DECREASED STAKES: None. LIQUIDATED STAKES: Netflix (NFLX).
16:00 EDTNFLXOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
10:02 EDTDDOn The Fly: Analyst Upgrade Summary
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09:37 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL TWTR FB NFLX TSLA QIHU JCP BABA BP
07:06 EDTNFLXNetflix price target raised to $140 from $120 at Raymond James
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07:03 EDTCHKCrude price slide has oil firms turning to private equity, Reuters reports
Another drop in crude oil prices has oil companies returning calls from potential buyers, Reuters reports. Oil firms may start relying on capital markets investors betting on a quick recovery in prices, the report says. "It didn't solve people's problems, so now when you roll to 2016 ...there will be an opportunity for private equity-backed companies with plenty of capital in place to go out and start buying," said Carl Tricolo, managing partner at private equity fund Denham Capital, in the report. Publicly traded companies in the space include Chesapeake Energy (CHK), American Electric Power Company (AEP), and Linn Energy (LINE). Reference Link
06:23 EDTNFLXNetflix to close final data center, WSJ reports
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05:35 EDTDDDuPont upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded DuPont to Overweight citing a positive risk/reward with the stock down 24% year-to-date versus a 1% rise for the S&P 500 Index. The shares at current levels offer a free cash flow yield of about 7% for 2016, Zekauskas tells investors in a research note. The chemical company also plans to repurchase $4B in shares over the coming 18 months, which could help move the stock higher, or at a minimum provide stability, the analyst argues. He raised his price target for the stock to $60 from $58. DuPont closed yesterday down 25c to $53.03.
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