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Stock Market & Financial Investment News

News For DELL;ADNC;MRK;TSN;CTRP;GDOT;VVUS;NFLX;MCK;MAT;LTM;ALKS;ELN From The Last 14 Days
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January 30, 2015
16:02 EDTNFLXOptions Update; January 30, 2015
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14:52 EDTNFLXSony Pictures, Warner Bros, Singtel partner to deliver OTT video to Asia
Singtel, Sony Pictures Television (SNE) and Warner Bros. Entertainment, a subsidiary of Time Warner (TWX), have established HOOQ, a joint venture start-up, to offer a regional over-the-top, or OTT, video service in Asia. HOOQ will deliver both Hollywood blockbusters and television series, as well as popular local movies and programs to customers anytime, anywhere by enabling them to stream and download their favorite shows on their device or platform of choice. HOOQ will be rolled out progressively in the Singtel Group’s Asian footprint, including Indonesia, the Philippines, India and Thailand, from Q1. The venture is designed to compete directly with Netflix (NFLX) as the company has been preparing to launch in Australia and New Zealand this year and into broader Asian market in the near future.
11:37 EDTMRKMerck weekly volatility elevated into Q4 and outlook
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10:13 EDTMATOptions with decreasing implied volatility
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09:35 EDTNFLXActive equity options trading
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09:26 EDTTSNOn The Fly: Pre-market Movers
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09:13 EDTTSNTyson sees 2Q15 better than 2Q14, still seasonally lower than other quarters
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09:11 EDTTSNTyson Foods sees FY15 EPS $3.30-$3.40, consensus $3.40
09:10 EDTTSNTyson Foods says food services could continue to improve with lower fuel costs
09:07 EDTTSNTyson Foods to continue to 'hold' in China until demand improves
Comments made during Q1 earnings conference call.
08:43 EDTMATMattel says not providing guidance for 2015
08:42 EDTMATMattel says POS exiting 2014 'not where we need it to be'
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08:41 EDTMATMattel interim CEO says board to evaluate internal, external candidates for CEO
Interim CEO Chris Sinclair says will work with board to evaluate internal, external candidates for permanent CEO. Says no timeline on search for permanent CEO. Says making "good progress" in terms of new innovations, developments, partnerships. Says every aspect of business will be reviewed, says doesn't see a fundamental shift in strategy. Says Q4, FY results "unacceptable." Comments made on the Q4 earnings conference call.
08:23 EDTMATMattel says long-term gross margin target of 50% is 'reasonable'
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07:43 EDTTSNTyson Foods sees FY15 revenue about $42B, consensus $42.29B
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07:41 EDTTSNTyson Foods sees FY15 chicken feed costs lower than FY14
Tyson Foods provided the following guidance: "Current USDA data shows an increase in chicken production of 3% in FY15. More recent data indicates a greater increase in supply; however, we believe demand will more than keep pace with the supply change. Based on current futures prices, we expect lower feed costs in FY15 compared to FY14 of approximately $400M. Many of our sales contracts are formula based or shorter-term in nature, but there may be a lag time for price changes to take effect. Based on the strong demand forecast and anticipated favorable pricing environment, we now believe our Chicken segment's operating margin will be above 11% for the remainder of FY15. We expect to see a reduction of industry fed cattle supplies of 4%-5% in FY15 as compared to FY14. Although we generally expect adequate supplies in regions we operate our plants, there may be periods of imbalance of fed cattle supply and demand. For FY15, we believe our Beef segment's profitability will be slightly below FY14. We expect industry hog supplies to increase around 2%-3% in FY15 compared to FY14. For FY15, we believe our Pork segment's operating margin will be in its normalized range of 6%-8%."
07:36 EDTTSNTyson Foods sees FY15 domestic protein production up 1%
Tyson Foods stated, "In FY15, we expect overall domestic protein production to increase approximately 1% from FY14 levels. Grain supplies are expected to increase in FY15, which should result in lower input costs as well as decreased costs for cattle and hog producers. The following is a summary outlook for each of our segments, as well as an outlook on sales, capital expenditures, net interest expense, liquidity and share repurchases. Our accounting cycle results in a 53-week year in fiscal 2015 as compared to a 52-week year in FY14. Accordingly, the outlook is based on a 52-week year."
07:35 EDTTSNTyson Foods reports Q1 chicken sales $2.78B vs. $2.66B last year
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07:32 EDTTSNTyson Foods reports Q1 adjusted EPS 77c, consensus 73c
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06:34 EDTMRKObama to propose $215M for major medical program, CNBC says
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06:03 EDTMATMattel reports Q4 Girls & Boys Brands down 9% to $1.23B
Reports Q4 Fisher-Price Brands down 11% to $578.9M; Reports Q4 American Girl Brands down 4% to $318.3M; Reports Q4 Construction and Arts & Crafts Brands $130M.
06:02 EDTMATMattel reports Q4 EPS 44c, consensus $1.07 a year ago
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06:00 EDTNFLXStocks with implied volatility below IV index mean; MSFT NFLX
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January 29, 2015
16:27 EDTGDOTGreen Dot sees 2015 EPS $1.24-$1.47, consensus $1.34
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16:26 EDTGDOTGreen Dot reports Q4 EPS 16c, consensus 17c
Reports Q4 revenue $153M, consensus $154.29M.
16:00 EDTNFLXOptions Update; January 29, 2015
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15:37 EDTMAT, TSNNotable companies reporting before tomorrow's open
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09:37 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL FB KO NFLX PFMT GILD YHOO TSLA MCD
09:07 EDTMRKHead researchers of Vertex, Regeneron, Merck invited to White House, CNBC says
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07:16 EDTVVUSVIVUS reports EC approval of SPEDRA
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06:00 EDTNFLXStocks with implied volatility below IV index mean; ORCL NFLX
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January 28, 2015
12:51 EDTNFLXIcahn says net neutrality 'cloud' went away for Netflix
Carl Icahn on CNBC said he agrees completely with his portfolio managers in regards to Netflix. Icahn believes the net neutrality "cloud" has went away for the streaming movie service. Icahn Capital portfolio manager David Schechter in the same interview said he believes Netflix shares are "significantly undervalued" and that the company's market capitalization will be multiples higher in five years.
09:35 EDTNFLXActive equity options trading
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09:19 EDTNFLXNetflix volatility decreases on sharp rally
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07:44 EDTTSNTyson Foods volatility elevated into Q1 and outlook
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06:19 EDTALKSAlkermes depression drug has significant upside potential, says Citigroup
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05:57 EDTNFLXStocks with implied volatility below IV index mean; ORCL NPSP
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January 27, 2015
14:34 EDTNFLXNetflix, Amazon saw increase of 15%-20% in streams during blizzard, CNBC says
Netflix (NFLX) saw an increase of 15% in streaming video, and Amazon (AMZN) saw a rise of 20% in Amazon Prime video in some New England markets during winter storm Juno, CNBC reports, citing Procera Networks. Numbers do not include mobile streaming or New York City market.
10:35 EDTNFLXOptions with decreasing implied volatility
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10:00 EDTLTMOn the Fly: Analyst Downgrade Summary
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09:36 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL MSFT TWTR TSLA GILD NFLX C AA HPQ X
08:07 EDTLTMStifel downgraded Life Time Fitness based on valuation
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07:29 EDTMATMattel may look outside company, industry for new CEO, WSJ says
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07:07 EDTTSNTyson Foods to invest over $110M in Vienna, GA operations
Tyson Foods is making major improvements to its Vienna, Georgia poultry plant as part of an ongoing plan to maximize efficiencies and meet growing demand for its products. The capital improvement project, valued at more than $110M, will bolster the future of the operation and create more than 500 jobs in Vienna. The project will upgrade parts of the plant and add about 100,000 square feet. Improvements will include new equipment and production lines, as well as processes and technology designed to benefit food safety, quality and workplace safety.
05:37 EDTLTMLife Time Fitness downgraded to Hold from Buy at Stifel
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January 26, 2015
16:01 EDTNFLXOptions Update; January 26, 2015
iPath S&P 500 VIX Short-Term Futures down 1.47 to 30.63. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX X MSFT BP GILD according to Track Data.
11:15 EDTMATMattel cash should be sufficient to cover dividend, says Wells Fargo
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10:30 EDTNFLXOptions with decreasing implied volatility
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10:19 EDTMATHigh option volume stocks
High option volume stocks: OIL NFX ABB FXCM SANM EL MAT AGO NPSP SSTK
09:47 EDTMATMattel falls, levels to watch
Shares are trading lower by over 5% at time of writing, last at $26.56. That price is off the earlier low of the session at $24.88 which is now support. Resistance is at $28.04, the prior session closing price.
09:23 EDTMATMattel drops after CEO resigns, Q4 results miss expectations
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09:07 EDTMATMattel sees FY14 EPS with items $1.45, consensus $1.92
For FY14, the company reported preliminary EPS $1.45, which includes a negative impact of 16c per share from MEGA Brands acquisition and integration costs and a tax benefit of 13c per share. Reports preliminary FY14 worldwide net sales $6.02B, down 7%, including an unfavorable impact from changes in currency exchange rates of 2 percentage points.
09:05 EDTMATMattel reports preliminary Q4 EPS with items 44c, consensus 92c
Q4 preliminary results includes a negative impact of 5c per share from MEGA Brands integration costs and a negative tax impact of 3c per share. Reports preliminary Q4 worldwide net sales $1.99B, down 6%, including an unfavorable impact from changes in currency exchange rates of 3 percentage points. Consensus $2.12B. Q4 gross margin decreased by 410 basis points of net sales to 50.4%, which was partially due to the acquisition of MEGA Brands.
09:03 EDTMATMattel announces resignation of chairman and CEO Bryan Stockton
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09:02 EDTMATMattel names Christopher Sinclair as chairman, interim CEO
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08:31 EDTMRKMerck says CHMP issues positive opinion for Sivextro
Merck announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has adopted a positive opinion recommending approval of the investigational antibiotic SIVEXTRO for the treatment of acute bacterial skin and skin structure infections in adults. Merck acquired SIVEXTRO as a part of its purchase, through a subsidiary, of Cubist Pharmaceuticals, Inc. The CHMP positive opinion will be reviewed by the European Commission. If the European Commission affirms the CHMP opinion, it will grant a centralized marketing authorization with unified labeling that is valid in the 28 countries that are members of the European Union, as well as European Economic Area members, Iceland, Liechtenstein and Norway. SIVEXTRO is a once-daily oxazolidinone antibiotic developed for both intravenous and oral administration for the treatment of serious infections caused by certain Gram-positive bacteria.
07:05 EDTMCKNovaBay signs Avenova distribution agreement with Cardinal Health
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06:09 EDTNFLXStocks with implied volatility below IV index mean; ORCL NFLX
Stocks with implied volatility below IV index mean; Oracle (ORCL) 17, Netflix (NFLX) 31 according to iVolatility.
January 23, 2015
16:55 EDTNFLXMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
10:15 EDTNFLXOptions with decreasing implied volatility
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10:02 EDTVVUSOn the Fly: Analyst Initiation Summary
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09:36 EDTNFLXActive equity options trading
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09:21 EDTVVUSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
06:39 EDTMRKNIH, GlaxoSmithKline, Merck launch joint Ebola vaccine test in Liberia, WSJ says
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January 22, 2015
18:28 EDTVVUSOn The Fly: After Hours Movers
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16:15 EDTVVUSVIVUS initiated with an Outperform at RBC Capital
13:55 EDTNFLXNetflix initiated with a Buy at Societe Generale
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10:35 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
10:03 EDTNFLXOn the Fly: Analyst Initiation Summary
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07:20 EDTNFLXNetflix initiated with a Buy at Pivotal Research
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January 21, 2015
16:35 EDTNFLXOn The Fly: Closing Wrap
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16:00 EDTNFLXOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
12:24 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as details of a reported bond buying program planned by the ECB offset weakness in the Dow after IBM's (IBM) earnings report. ECONOMIC EVENTS: In the U.S., housing starts rose 4.4% in December to a 1.89M rate, versus expectations for an increase of 1.2%, while building permits fell 1.9% to a rate of 1.03M, versus expectations of an increase of 0.8%. The Bank of Canada lowered its target for the overnight rate by one-quarter of one percentage point to 0.75% in response to the recent sharp drop in oil prices, which it said will be negative for growth and underlying inflation in Canada. Reports indicated that a proposal from the European Central Bank’s executive board is calling for it to begin making bond purchases of about EUR 50B per month and continue that easing program for at least one year. In Asia, the Bank of Japan refrained from expanding its stimulus program, although it expanded and extended its loan programs aimed at boosting bank lending. Also, the BoJ cut next fiscal year's CPI forecast to 1.0% from the 1.7% it had projected three months ago. COMPANY NEWS: Last night, IBM reported better than expected Q4 earnings, though its revenue and FY15 profit outlook trailed estimates, sending the stock down over 3% this morning. Citigroup cut its price target for IBM shares to $170 from $180 after reducing its sales and earnings estimates following the tech giant's Q4 results. Citi reiterated a Neutral rating on IBM, saying it wants to see stability in fundamentals and free cash flow growth before getting more positive on the name. Meanwhile, Jefferies said IBM's cash flow guidance for 2015 is "very weak" and that the company has yet to reach a bottom. The firm continues to believe the risk/reward for shares is skewed negatively and it kept an Underperform on IBM with a $130 price target following the company's Q4 results... Netflix (NFLX) jumped 17% to trade near $409 per share after the company reported stronger than expected fourth quarter results and a number of research firms raised their price targets for the stock while pointing out the company's global subscriber growth had exceeded expectations. Bucking the trend, FBR Capital analyst Barton Crockett said Netflix's EPS would only have been in-line with the consensus outlook if non-operating items were excluded. He said he is less impressed with Netflix following its report and trimmed his price target on the stock to $400 from $425 while keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers following their earnings reports were Northern Trust (NTRS), which rose 6%, and U.S. Bancorp (USB), which gained 3.5%. Among the noteworthy losers was Eldorado Gold (EGO), which dropped 19% after the company reported on its 2014 gold production, gave guidance on production in 2015, and its shares were downgraded at Credit Suisse, TD Securities and Canccord. Also lower was Acacia Research (ACTG), which fell more than 14% after a court granted a motion finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. INDEXES: Near midday, the Dow was up 42.03, or 0.24%, to 17,557.26, the Nasdaq was up 27.36, or 0.59%, to 4,682.21, and the S&P 500 was up 12.25, or 0.61%, to 2,034.80.
10:47 EDTNFLXOptions with decreasing implied volatility
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10:32 EDTNFLXNetflix rallies amid slew of target raises, but one analyst bucks trend
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10:16 EDTMRKLeerink biopharma analysts hold an analyst/industry conference call
Analyst Fernandez, along with Dr. Paul Gurbel and Dr. Richard Becker, discuss AstraZeneca's PEGASUS trial and the current use of Brilinta and dual antiplatelet therapy for prevention of CV disease and implications of the recently completed DAPT trial on an Analyst/Industry conference call to be held on January 21 at 1:30 pm.
10:01 EDTNFLXOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
09:47 EDTNFLXNetflix fades from initial gap high, levels to watch
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09:17 EDTNFLXNetflix gaps up sharply following earnings surprise, levels to watch
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09:16 EDTNFLXOn The Fly: Pre-market Movers
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08:32 EDTNFLXNetflix earnings only in-line when excluding items, says FBR Capital
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08:15 EDTNFLXNetflix price target raised to $465 from $382 at Cowen
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08:02 EDTMRKMerck completes tender offer to acquire Cubist
Merck (MRK) announced the successful completion of the tender offer for all of the outstanding shares of common stock of Cubist Pharmaceuticals (CBST) at a purchase price of $102.00 per share. As of the tender offer expiration yesterday, 58,039,667 shares of common stock of Cubist were validly tendered and not properly withdrawn from the tender offer, representing approximately 75.7% of the outstanding common stock of Cubist on a fully diluted basis. All of such shares have been accepted for payment in accordance with the terms of the tender offer, and Merck expects to promptly pay for all such shares. Following consummation of the tender offer, Merck expects to complete the acquisition of Cubist later today through a merger of Merck’s wholly owned subsidiary with and into Cubist without stockholder approval. Upon completion of the merger, all outstanding shares of common stock of Cubist, other than shares held by Cubist in treasury or shares held by Cubist’s stockholders who are entitled to and properly exercise appraisal rights under Delaware law, will be canceled and converted into the right to receive cash equal to the $102.00 offer price per share without interest, less any applicable withholding taxes. In addition, upon completion of the merger, Cubist will become a wholly owned subsidiary of Merck and the common stock of Cubist will cease to be traded on the NASDAQ Stock Market.
07:59 EDTNFLXNetflix price target raised to $511 from $450 at JPMorgan
JPMorgan raised its price target for Netflix shares to $511 saying the company reported strong Q4 results last night. The firm believes Netflix's stronger than expected international subscriber growth and increased efficiency at expanding into new markets provides better profit visibility. It reiterates an Overweight rating on the stock. Shares of Netflix are rallying $61.20 to $410.00 in pre-market trading.
07:53 EDTNFLXNetflix price target raised to $500 from $380 at Stifel
Stifel raised its price target on Netflix after the company reported stronger than expected Q4 results, and Q1 guidance that the firm views as solid. The firm thinks the company is successfully carrying out its plan to become the leading global Internet TV network. Stifel keeps a Buy rating on the shares.
07:34 EDTNFLXNetflix CEO sees room for competition in video streaming market, CNet says
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07:33 EDTNFLXNetflix price target raised to $483 from $431 at Oppenheimer
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07:00 EDTNFLXNetflix price target raised to $450 from $415 at Cantor
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06:44 EDTNFLXNetflix upgraded at Nomura
As previously reported, Nomura upgraded Netflix to Buy from Neutral. The firm upgraded shares based on more reasonable subscriber expectations, price elasticity, a strong 2015 content cycle, global cost efficiencies, and funding likely from corporate debt and not a capital raise. Price target is $500.
06:30 EDTNFLXNetflix suggested FY15 operating income will decline, says Piper Jaffray
Piper Jaffray attributes the upside Netflix reported in Q4 to international momentum. The firm notes, however, that Netflix suggested FY15 operating income will decline year-over-year given continued international expansion into other new countries later in the year. Piper raised its price target for shares to $360 from $345 but keeps a Neutral rating on the name.
06:21 EDTNFLXNetflix price target raised to $409 from $364 at Citigroup
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06:21 EDTNFLXNetflix upgraded to Buy from Neutral at Nomura
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06:17 EDTNFLXOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
06:13 EDTCTRPeHi Car Services, Ctrip.com announce next phase of strategic partnership
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January 20, 2015
18:30 EDTNFLXOn The Fly: After Hours Movers
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17:46 EDTNFLXNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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17:22 EDTNFLXNetflix to begin streaming 'The Interview' in U.S., Canada on Saturday, Jan. 24
Netflix stated in its Q4 investor letter, "We are thrilled to offer exclusively the controversial comedy, The Interview, to our U.S. and Canadian members beginning this Saturday, Jan. 24 - just thirty days after it debuted in theaters and pay-per-view."
17:18 EDTMRKDana Holding to replace Cubist in S&P 400 as of 1/22 close
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16:16 EDTNFLXNetflix sees FY15 operating income down from FY14
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16:16 EDTNFLXNetflix sees continuning to grow spending dedicated to originals
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16:15 EDTNFLXNetflix trades sharply higher after earnings, first look
The stock is up over 12% at time of writing to $393.76 following results in the extended session. At that price resistance is at $395.52. Support is at $386.68.
16:13 EDTNFLXNetflix sees completing global expansion over next two years
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16:10 EDTNFLXNetflix reports Q4 EPS 72c, consensus 45c
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16:08 EDTNFLXNetflix up 11% after reporting better than expected Q4 earnings
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16:07 EDTNFLXNetflix sees Q1 net streaming additions of 4.05M
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16:06 EDTNFLXNetflix sees Q1 EPS 60c, consensus 77c
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16:06 EDTNFLXNetflix reports 4.33M members added in Q4
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16:00 EDTNFLXOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
15:21 EDTNFLXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.
14:29 EDTTSNTyson Foods settles Missouri chemical spill suit for $540K
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14:17 EDTNFLXNetflix technical commentary ahead of earnings
The stock has been in a sideways consolidation pattern since a sharp downtrend began in October of last year. The approximate range has been a high at $350 and a low at $320. Breaks of either end of this range will be important determinants of the trend following earnings. A breakout above $350 would potentially reverse the current dominant downtrend. With over 8.5% of the trading float short, there could be substantial buy-to-cover pressure in the event of a positive surprise. Upside levels to watch above $350 would be at $357.95, $366.51, and $375.83. On an extreme positive surprise, the $380 area could be tested. If the news is negative, a break below the $320 area would likely lead to a resumption of the dominant downtrend. Support levels to watch would be at $310.25, $299.50, and $290.28. A breakdown below $300 would be long-term bearish for price, confirming a major top.
14:04 EDTNFLXNetflix January weekly 345 straddle priced for 11% movement into Q4
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13:01 EDTGDOTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
08:11 EDTNFLXNetflix volatility increases into Q4 and outlook
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07:23 EDTMRKMerck funding testing of lower dosages of Zilmax, Reuters reports
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