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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:26 EDTT, TWX, DIS, CMCSA, LGF, DTV, TWC, AMCX, SNI, DISCAConsolidation in focus as media conference kicks off, WSJ says
As Allen & Co.'s annual media and technology conference in Sun Valley kicks off Tuesday against the backdrop of mega-deals like Comcast's (CMCSA) pending merger with Time Warner Cable (TWC) and AT&T's (T) proposed acquisition of DirecTV (DTV), attendees and industry watchers are wondering which content companies might be in play in the coming months, according to The Wall Street Journal. Analysts and bankers say Discovery Communications (DISCA) could be a target or a buyer in a consolidation wave, the report adds, noting the the company considered buying Scripps (SNI) last year and that analysts have pointed out the benefits of pairing Discovery with Disney (DIS). Other potential M&A targets discussed in the article include AMC Networks (AMCX), Lions Gate Entertainment (LGF) and Time Warner (TWX). Reference Link
News For DISCA;SNI;DIS;AMCX;LGF;TWX;TWC;CMCSA;T;DTV From The Last 14 Days
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August 20, 2015
09:17 EDTTWX, AMCX, SNI, DIS, DISCADisney hit with another downgrade on TV concerns
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08:02 EDTTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
06:36 EDTSNI, AMCX, TWX, DISCA, DISBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
06:24 EDTTWX, DISTime Warner downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Time Warner (TWX) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Time Warner to $90 from $101 and calls the downgrade a " very close call" with his new price target representing 15% upside from current levels. The analyst also downgraded shares of Disney (DIS) to Market Perform.
06:22 EDTDIS, TWXDisney downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Disney (DIS) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Disney shares to $114 from $125. The analyst also downgraded shares of Time Warner (TWX) to Market Perform. Shares of Disney closed yesterday down 45c to $106.49. Wells Fargo on Tuesday also downgraded the stock to Market Perform.
06:10 EDTCMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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05:41 EDTAMCXAMC Networks selloff provides 'great' entry point, says Piper Jaffray
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August 19, 2015
10:20 EDTT, CMCSA, TWCBig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCMCSAOn The Fly: Analyst Upgrade Summary
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09:13 EDTCMCSAComcast upgraded to Buy from Neutral at MoffettNathanson
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08:22 EDTTSprint traffic levels increasing, says Pacific Crest
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06:14 EDTTWXIntel to launch contest show on Turner Broadcasting, WSJ reports
Intel (INTC) is making a foray into reality television by developing a contest show with Mark Burnett and Time Warner's (TWX) Turner Broadcasting unit, the Wall Street Journal reports. The program will be called "America's Greatest Makers" and will engage "do-it-yourselfers" who turn microchips and other components into devices and gadgets, competing for a $1M prize, the report says. The show is scheduled to appear on TV and other media channels in 2016, the report adds. Reference Link
August 18, 2015
16:49 EDTCMCSA, DISOn The Fly: Top stock stories for Tuesday
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16:00 EDTDISOptions Update; August 18, 2015
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11:34 EDTTSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
11:07 EDTDISDisney has a potential bearish pattern near the trigger point
There is a potential bearish pennant that is developing on the daily chart. A move below $106.50 would confirm that the pattern is active. Downside potential would be to the $92 to $91 area, if the pattern became active and completed. A sustained move above the pattern top at $109 or higher would void the pattern through time and price.
10:17 EDTCMCSA, DIS, TWCDisney downgraded as Wells moves away from content providers
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10:00 EDTDISOn The Fly: Analyst Downgrade Summary
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08:04 EDTCMCSABuzzFeed says NBCUniversal to make $200M equity investment in company
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07:12 EDTTWX, DISDisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
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