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Stock Market & Financial Investment News

News Breaks
April 18, 2012
14:06 EDTDISH, CLWR, VZ, T, VODDISH retreats after Verizon announces plans to sell spectrum
Verizon Wireless (VZ, VOD) announced this morning plans to conduct an open sale process for all of its 700 MHz A and B spectrum licenses in an attempt to rationalize its spectrum holdings. The licenses cover dozens of major cities across the country, as well as a number of smaller and rural markets, the company stated. In a note to investors this afternoon, Goldman Sachs said Verizon's decision is likely an attempt to appease regulators, making it less likely that AT&T (T) or Verizon (VZ) will look to buy spectrum in the future. As a result, Verizon's decision is negative for companies looking to sell spectrum, including DISH Network (DISH), argued Goldman, which maintains a Sell rating on shares of DISH. Meanwhile, research firm Jefferies called Verizon's move surprising, and added that the spectrum which Verizon is looking to sell is arguably the best spectrum available. Verizon's decision may cause the sale of spectrum by Clearwire (CLWR) to be delayed, Jefferies added. As a result, Clearwire's stock could have difficulty gaining momentum until more details about Verizon's spectrum deal become known, the firm predicted. In mid-afternoon trading, DISH shares dropped $1.36, or 4.27%, to $30.47, while Clearwire shares fell 10.05% to $1.70.
News For DISH;CLWR;VZ;T;VOD From The Last 14 Days
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July 23, 2014
15:10 EDTTAT&T jv near purchase of majority stake in Fullscreen, Re/code reports
Otter Media, the joint venture between AT&T and the Chernin Group, is near a deal to buy a majority stake in YouTube network Fullscreen that will value the company at between $200M-$300M, according to Re/code, citing sources. Reference Link
13:48 EDTTEarnings Preview: AT&T sentiment mixed ahead of Q2 report
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08:41 EDTVZNQ Mobile and A Wireless partner for device security solution
NQ Mobile (NQ) and A Wireless, one of the largest Verizon (VZ) Wireless Premium Retailers, announced the availability of a comprehensive, bundled security solution that ensures the safety of subscribers' devices and the valuable data they hold. The solution is available at over 200 A Wireless stores across the US. The new package combines physical device insurance with NQ Mobile's security protection for both iOS and Android.
08:40 EDTVZVerizon reported good results, says BMO Capital
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July 22, 2014
16:36 EDTVZOn The Fly: Closing Wrap
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12:29 EDTVZOn The Fly: Midday Wrap
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07:28 EDTTAT&T volatility elevated into Q2 and outlook
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07:25 EDTVZVerizon down 1.4% after reporting Q2 results
06:37 EDTVZVerizon backs FY14 investments of $16.5B-$17B
Verizon continues to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline.
06:35 EDTVZVerizon reports Q2 adjusted EPS 91c, consensus 90c
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July 21, 2014
15:30 EDTVZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
14:30 EDTVZEarnings Preview: Verizon CEO says 1.4M postpaid subscribers added in Q2
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 22, with a conference call scheduled for 7:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 90c on revenue of $31.12B, according to First Call. The consensus range for EPS is 86c-93c on revenue of $30.84B-$31.35B. LAST QUARTER: Verizon reported first quarter adjusted EPS of 84c against estimates for 87c on revenue of $30.8B against estimates for $30.7B. For Q1, the company reported adding 549,000 net retail connections, including 539,000 net retail postpaid connections. It reported retail postpaid churn of 1.07%, 103.3M total retail connections, and 97.3M total retail postpaid connections. Consumer ARPU was up 11.3% year over year. It reported 98,000 FiOS Internet and 57,000 FiOS Video net additions in the quarter. Verizon said it continued to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline. On July 10, during an interview on CNBC, CEO Lowell McAdam said the company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. McAdam added that Q2 churn was "very good" with margins consistent with the past several quarters. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q2 earnings report. On May 22, Verizon was initiated with an Outperform at Bernstein with a price target of $57. On July 1, Verizon was initiated with a Buy at BTIG and a price target of $60. On July 18, Oppenheimer added Verizon to its Triple Play list. The firm said its Triple Play stocks are rated Outperform, screen positively based on trends in earnings revisions, and have an attractive technical profile. PRICE ACTION: Verizon shares have gained approximately 10% following the company's Q1 report. However, over the past twelve months, they are up only about 1%. In afternoon trading ahead of Tuesday's Q2 report, Verizonís shares are flat.
12:56 EDTVZVerizon launches rewards program for wireless customers
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09:38 EDTVZActive equity options trading on open
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08:08 EDTTAT&T awarded $275M contract U.S. Department of State
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July 18, 2014
15:42 EDTVZVerizon July weekly volatility elevated into Q2
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08:38 EDTVZVerizon added to Triple Play list at Oppenheimer
Oppenheimer added Verizon (VZ) to its Triple Play list. The firm says its triple play stocks are rated Outperform, screen positively based on trends in earnings revisions and have an attractive technical profile. The firm removed Riverbed (RVBD) from the list after it downgraded that stock.
05:57 EDTVZLevel 3 says Verizon 'deliberately' causing Netflix congestion
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July 17, 2014
11:01 EDTVZVerizon Wireless, ControlTec announce partnership
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09:06 EDTTAT&T and town of Carrboro sign agreement for 1 Gigabit network
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