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Stock Market & Financial Investment News

News For DISH;DIS;CMCSA From The Last 14 Days
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November 23, 2014
17:18 EDTDISHDISH could bring more gains, Barron's says
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12:26 EDTDISHWireless carriers bid up prices at U.S. spectrum auction, WSJ
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November 21, 2014
12:22 EDTDISHTurner, DISH restore channel service, extend carriage
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11:54 EDTCMCSAFCC order on contracts in Comcast merger review blocked by court, Bloomberg says
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08:06 EDTCMCSAComcast Time Warner Cable outlook positive, says Wells Fargo
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06:18 EDTDISHDISH price target raised to $94 from $79 at Citigroup
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05:44 EDTDISHCBS has upper-hand in dispute with DISH, says Piper Jaffray
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05:15 EDTDISDisney, Shanghai Media Group expand strategic entertainment alliance
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November 20, 2014
18:21 EDTDISHCBS consents to short term extension on DISH negotiations, Bloomberg says
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09:08 EDTDISHDISH CEO looking to boost shares for T-Mobile bid, Fox Business reports
DISH (DISH) CEO Charles Ergen is buying more spectrum in an attempt to boost his company’s share price ahead of a potential T-Mobile (TMUS) takeover bid, Charles Gasparino of Fox Business reports, citing sources.
07:16 EDTCMCSACharter could look to buy Time Warner Cable if Comcast deal fails, WSJ says
John Malone, the chairman of Liberty Media (LMCA), said Charter Communications (CHTR) would look to buy Time Warner Cable (TWC) if TWC's deal with Comcast (CMCSA) falls through, The Wall Street Journal reports. Malone told shareholders at Liberty's investor day that he would pursue "an outright purchase" of Time Warner Cable if regulators don't approve the Comcast deal. Reference Link
06:37 EDTDISHCBS, DISH share downside limited with blackout, says Citigroup
Citigroup sees limited share downside for both CBS (CBS) and DISH (DISH) should a blackout result in the companies not renewing their carriage agreement, which expires today. Citi notes shares of CBS are down 3% since the press started reporting about the tenuous negotiations. It estimates CBS' equity value could fall 2% with a blackout, thus it believes the impact is already priced in. Further, Citi sees a minimal impact to DISH from a potential CBS blackout. The firm keeps Buy ratings on both stocks.
06:18 EDTDISHStocks with implied volatility movement; DISH GDX
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November 19, 2014
16:31 EDTDISHOn The Fly: Closing Wrap
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13:29 EDTCMCSACharter CEO sees Comcast, Time Warner Cable deal getting done
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13:10 EDTDISHDISH, Globalstar climb as wireless spectrum bids reportedly jump
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13:06 EDTDISH, CMCSADeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
07:19 EDTDISHSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
November 18, 2014
05:26 EDTDISDisney Movies Anywhere now available through Walmart VUDU service
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November 17, 2014
10:10 EDTDISDreamWorks sinks, Hasbro rebounds after takeover talks reportedly end
Shares of movie maker DreamWorks (DWA) are tumbling after multiple media outlets reported that talks about a takeover of the company by Hasbro (HAS) had ended. WHAT'S NEW: Talks about an acquisition of DreamWorks by Hasbro have ended, multiple news outlets including The Wall Street Journal and Deadline reported over the weekend. However, Deadline, citing unnamed sources, reported that there's "still a slight chance" that the talks will resume. Hasbro's CEO and board visited DreamWorks' campus recently and a potential name for the combined entity - DreamWorks-Hasbro - was discussed, Deadline stated. Hasbro halted the talks because it became concerned about the negative reaction of its stock to reports about the discussions, Deadline added. Barron's weighed in on the issue over the weekend, writing that the deal "doesn't make sense economically." Partnering with DreamWorks would be logical for Habro, but buying DreamWorks would not be a good move for the toy maker, Barron's stated. DreamWorks' recent inability to create big hits or generate free cash makes it a poor takeover target for Hasbro, Barron's indicated. WHAT'S NOTABLE: In a note to investors on Thursday, Sterne Agee analyst Vasily Karasyov wrote that there is "no industrial logic" whatsoever to a combination of DreamWorks and Hasbro. Karasyov said there was no good reason for Hasbro to buy DreamWorks for $35 per share, the price that the movie maker was seeking, according to some reports. Karasyov predicted that the deal would not occur and kept a $17 price target and Underperform rating on the shares. Additionally, Piper Jaffray said the possible acquisition of DreamWorks Animation by Hasbro could have impacted the latter company's partnership with Disney (DIS). Piper thought buying a competing animation company could alter Disney's view of Hasbro as a partner. PRICE ACTION: In early trading, DreamWorks fell 15% to $22.08, while Hasbro gained 4.3% to $56.33.
06:35 EDTDIS, CMCSA'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link
November 14, 2014
17:13 EDTDISAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
14:46 EDTDISDisney movies service partnering with Wal-Mart's Vudu, Reuters reports
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06:37 EDTDISDreamWorks competes with key Hasbro partner Disney, NY Times says
After multiple news outlets reported that Hasbro (HAS) was in talks about buying DreamWorks (DWA), The New York Times says that the toy maker holds very lucrative contracts with Disney (DIS), which views DreamWorks as a key competitor. Hasbro gets up to 30% of its revenue from products linked to Disney, the newspaper quoted some analysts as saying. Reference Link
November 13, 2014
09:06 EDTCMCSAComcast and Boys & Girls Clubs of America launch My Future Technology initiative
Comcast NBCUniversal and Boys & Girls Clubs of America have entered into a five-year national partnership valued at tens of millions of dollars in cash and in-kind support. The partnership includes the launch of My.Future, a new technology initiative designed to teach Club members about our digital world and ignite their passion for technology.
07:01 EDTDISHasbro deal with Disney could be impacted with merger, says Piper Jaffray
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06:17 EDTCMCSASony unveils PlayStation Vue, a cloud-based TV service
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06:02 EDTCMCSAComcast moving ahead with $45B acquisition of Time Warner Cable, AP reports
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November 12, 2014
12:56 EDTCMCSAFCC chairman disagrees with Obama on Internet rules, Washington Post says
FCC Chairman Tom Wheeler told the executives of major Internet companies that he favors a more nuanced solution for regulating the Internet than the one suggested by President Obama, according to The Washington Post. Wheeler said he would "try to split the baby" between the president's proposal and the agenda of Internet executives who don't want the rules to affect their business, the newspaper stated, citing four unnamed sources who attended a meeting with Wheeler. Comcast (CMCSA), Time Warner Cable (TWC), Verizon (VZ), Cablevision (CVC) ,and AT&T (T) are major Internet Service Providers. Executives from Google (GOOG) and Yahoo (YHOO) were at the meeting with Wheeler, the newspaper said. . Reference Link
11:44 EDTDISSeaWorld sinks to 52-week low after Q3 profit, attendance fall
Shares of theme park and entertainment company SeaWorld (SEAS) are plunging after the company’s profit, attendance and adjusted EBITDA all fell significantly on a year over year basis. The also forecast fiscal year 2014 revenue and adjusted EBITDA to be down from last year. WHAT'S NEW: This morning, SeaWorld reported Q3 adjusted earnings per share of $1.01, missing analysts' $1.13 consensus by 12 cents. Revenue for the quarter was $495.84M, compared to analysts' consensus estimates of $495.4M. Adjusted EBITDA in the quarter was $209.1M, a decrease of $45.3M, or 18%, compared to the third quarter of 2013. Attendance in Q3 ws 8.4M, down from 8.9M a year ago. The company believes the decline in attendance results from a combination of factors including negative media attention in California along with a challenging competitive environment, particularly in Florida. The competitive challenges in Florida relate to significant new attraction offerings at competitor destination parks, along with a delay in the scheduled opening of one of the company's new rides at its Busch Gardens Tampa park. The decrease in total revenue in the third quarter was primarily driven by a 5.2% decline in attendance, along with a 2.9% decline in total revenue per capita from $60.74 in the third quarter of 2013 to $58.99. WHAT’S NOTABLE: Looking ahead, SeaWorld forecast FY14 revenue and adjusted EBITDA to be down 6%-7% and 14%-16%, respectively. The FY14 revenue consensus ahead of the company's report was $1.37B. The company also said it expects to take a restructuring charge of up to $13M in Q4 related to its cost reduction initiatives. The company sees FY14 capital expenditures to be in the range of $155M-$165M and fiscal year 2015 CapEx to be in the range of $185M-$195M. Jim Atchison, the company's Chief Executive Officer, noted that the attendance trends the company experienced in the latter part of the second quarter continued into Q3. He called 2014 a “challenging year,” and said the company was executing a cost savings plan that is expected to deliver approximately $50M of annual cost savings by the end of 2015. He also said the company was adjusting its attraction and marketing plans to address immediate top-line concerns. PRICE ACTION: In late morning trading, SeaWorld fell $2.24, or 12.04%, to $16.36 on more than twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $16.53. Including today's pull back, the shares have lost approximately 48% over the past 12 months. OTHERS TO WATCH: Other companies in the theme park space include Disney (DIS), up 0.03%, Six Flags (SIX), down 0.16%, and Cedar Fair (FUN), up 0.76%.
10:43 EDTDISBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:00 EDTCMCSAOn The Fly: Analyst Downgrade Summary
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09:28 EDTCMCSAComcast weakness on Title II pullback a buying opportunity, says Goldman
Goldman recommends buying Comcast on Title II weakness. The firm said Comcast's business practices are largely in-line with the proposed rules, suggesting minimal impact to operations. The firm reiterates its Buy rating and $65 price target.
08:19 EDTCMCSAComcast downgraded to Hold from Buy at Maxim
Maxim downgraded Comcast to Hold saying the company's Internet pricing power could be negatively impacted from potential net neutrality legislation. The firm prefers to wait on the sidelines pending greater clarity into potential Title II legislation.
07:51 EDTDISDisney trades at a premium despite low forward growth, says Cowen
Cowen raised its price target on Disney shares to $83 from $75, but reiterated its Market Perform rating on Disney shares, citing the stock's premium trading valuation despite the lowest forward earnings growth of its peer group. The firm also cited higher sports programming costs, as well as difficulty envisioning outperformance to current estimates.
07:45 EDTCMCSAARRIS should be bought on weakness, says RBC Capital
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07:10 EDTCMCSAComcast downgraded to Hold from Buy at Maxim
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November 11, 2014
18:19 EDTDIS, CMCSACBS, Disney look to block FCC Comcast merger disclosures, Bloomberg says
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13:36 EDTCMCSATime Warner Cable and Comcast mentioned positively at Evercore ISI
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11:17 EDTCMCSAComcast volatility up after Obama called for Internet providers to be regulated
Comcast November weekly call option implied volatility is at 28, November and December is at 21, April is at 22; compared to its 26-week average of 19 according to Track Data, suggesting large near term price movement after President Obama called for Internet providers to be regulated.
07:44 EDTCMCSAComcast deal would only be derailed by Title II concessions, says Wells Fargo
After President Obama called for Internet providers to be regulated under Title II, Wells Fargo thinks that Comcast (CMCSA) will only walk away from the Time Warner Cable (TWC) deal if there are significant Title II concessions specifically attached to the deal. The firm suggests, however, that the deal could be restructured if the companies' stock prices continue to fall in reaction to Obama's statement.
07:06 EDTCMCSAObama's call for regulation worries investors in Comcast-TWC deal, WSJ says
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06:36 EDTCMCSANBC exec 'very satisfied' with pace of Super Bowl ad sales, NY Times says
NBC, the broadcast home of Super Bowl XLIX in 2015, is "very satisfied" with the pace of sales of commercial time during the game, reports the New York Times. Seth Winter, the Executive VP for Sales of NBC Sports and NBCUniversal News Groups at NBCUniversal, said "I'm never 'extremely satisfied' until we're sold out... I'm very satisfied with what we see." Winter added that NBC is approaching 90% of the commercial time in the game's being sold to advertisers. Reference Link
05:51 EDTCMCSAStocks with implied volatility movement; HLF CMCSA
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November 10, 2014
16:44 EDTCMCSAOn The Fly: Closing Wrap
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15:57 EDTDISWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
14:09 EDTCMCSABoehner strongly opposes net neutrality
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13:26 EDTCMCSACable providers fall after Obama weighs in on net neutrality
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12:24 EDTCMCSAOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the market’s drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internet’s success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributor’s third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analysts’ consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:42 EDTCMCSAComcast falls after Obama urges internet reclassification under Title II
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10:09 EDTCMCSAOptions with increasing implied volatility: CZR IGT CMCSA TWC
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10:06 EDTCMCSAVerizon says utility Internet regulation would 'threaten great harm'
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10:01 EDTCMCSATWC, Charter, Comcast drop after Obama calls for Internet regulation
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09:45 EDTCMCSAObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTCMCSAObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:12 EDTCMCSACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
November 9, 2014
16:36 EDTDISDisney's 'Big Hero 6' comes out on top at box office, Bloomberg says
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