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Stock Market & Financial Investment News

News Breaks
July 7, 2014
11:03 EDTVZ, DTV, S, DISHBarron's, analyst see further upside in DISH shares
Weekly publication Barron's and research firm Macquarie are upbeat on the outlook of satellite TV provider DISH (DISH). WHAT'S NEW: Analysts say that DISH's spectrum alone could be worth $25B after taxes in a sale, and the company is trading at a market valuation of $30B, Barron's wrote in an article published on Saturday. At that valuation, investors are giving the company little credit for its satellite TV business which is "highly profitable" but "slow growing," according to Barron's. The stock could rise 20% as investors gain a better understanding of the value of the company's spectrum, the publication stated. Meanwhile, Macquarie analyst Amy Yong raised her price target on DISH to $100 from $85 in a note to investors earlier today. In May, DISH Chairman Charlie Ergen rejected a merger with DirecTV (DTV) that would have valued DISH at $100, an SEC document showed, the analyst wrote. Ergen decided to terminate discussions about a merger because he believes the company is worth more than $100 per share, Yong believes. She thinks DISH could benefit by partnering with a telecom company such as Verizon (VZ) or Sprint (S), and predicted that the value of its spectrum could reach $80 per share later this fall. DISH shares offer the most opportunity in the pay TV space, according to Yong, who kept an Outperform rating on the shares. PRICE ACTION: In mid-morning trading, DISH lost 1% to $66.
News For DISH;DTV;VZ;S From The Last 14 Days
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August 26, 2015
06:07 EDTVZVerizon confirms availability of hum to create connected driving experience
Verizon Telematics confirmed the commercial availability of hum, an aftermarket vehicle technology and subscription service that enables drivers on the road to make their car smarter through a simple solution regardless of their wireless service provider. First announced in January at the North American International Auto Show as Verizon Vehicle, hum provides subscribers with a self-installed solution that helps predict potential issues, prevents breakdowns and offers protection when problems do arise. At the simple press of a button, drivers receive diagnostic information, pinpoint roadside assistance and live consultation with ASE-certified mechanics and emergency personnel on-demand. Through GPS-based technology, hum helps accurately dispatch advanced roadside assistance, alerts emergency personnel of a car's location if a crash is detected, and assists authorities in locating a vehicle that has been reported stolen. Two year subscription plans start at $14.99 per month plus taxes, fees and equipment for the first vehicle with the option to add other vehicles for less.
06:02 EDTVZVerizon to announce Hum to connect older cars, The Verge reports
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05:30 EDTDISHDISH renews formal complaint with FCC against Sinclair Broadcast
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05:17 EDTDISHDISH says Sinclair Broadcast chooses to initiate channel blackout
Despite reaching an agreement on rates and all other terms for the carriage of the Sinclair local stations, DISH (DISH) said that this afternoon Sinclair Broadcast Group (SBGI) chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets across 36 states and the District of Columbia, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today. Warren Schlichting, DISH senior vice president of programming, said, "Sinclair rejected our extension offer and has chosen to use innocent consumers as pawns to gain leverage for the economic benefit of Sinclair, while causing substantial harm and disruption to the lives of consumers." DISH and Sinclair had been making steady progress in their recent negotiations, and DISH was hopeful that they would come to a mutual agreement to renew carriage of the Sinclair local stations. In that spirit, DISH offered another short-term contract extension to Sinclair that would include a retroactive "true-up" when new rates were agreed upon, and would preserve the ability of DISH customers to access the Sinclair local stations while our negotiations continued. The "true-up" would ensure that Sinclair was made whole at the new rates for the period of any contract extension. Rather than accept DISH's good faith offer, Sinclair Broadcast Group chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today.
August 25, 2015
06:06 EDTSStocks with implied volatility below IV index mean; S GOOG
Stocks with implied volatility below IV index mean; Sprint (S) 77, Google (GOOG) 41 according to iVolatility.
05:59 EDTVZStocks with implied volatility movement; WMB VZ
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August 23, 2015
19:13 EDTVZBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 20, 2015
08:02 EDTVZ, SFCC 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
August 19, 2015
13:30 EDTSOptions with increasing put volume;
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10:20 EDTDISH, VZ, SBig telecom firms put M&A on hold, CTFN reports
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08:22 EDTVZ, SSprint traffic levels increasing, says Pacific Crest
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August 18, 2015
18:35 EDTSSoftbank increases Sprint stake by roughly 16.8M shares
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11:34 EDTVZ, SSprint 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.
10:17 EDTDISHDisney downgraded as Wells moves away from content providers
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06:11 EDTDISHFCC: Dish can't apply $3.3B in credits in airwaves auction, AP reports
The FCC said that Dish Network may not apply $3.3B in small-business credits towards buying airwaves it acquired in a government auction, the Associated Press reports. Reference Link
August 17, 2015
18:12 EDTSSprint to move away from two-year contracts, WSJ says
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08:22 EDTSSprint customers can upgrade iPhone anytime, included in monthly rate
Sprint (S) announced that customers can upgrade their Apple (AAPL) iPhone anytime, included in their monthly rate. New and upgrade eligible Sprint customers can get iPhone for just $22 per month with iPhone Forever. Anytime customers don't have the latest iPhone, they are eligible to upgrade. They bring their iPhone, upgrade on the spot and away they go. It's that simple. iPhone Forever is available on any eligible Sprint rate plan and upgrade eligibility is always included in your price. New or existing customers who are upgrade eligible can bring in any smartphone and get a 16GB iPhone 6 model and their monthly rate will be reduced to just $15 until their next upgrade. As a special promotion, customers who get iPhone 6 and upgrade before December 31 continue with the discount price of $15 until their next upgrade.
07:39 EDTVZTMC to hold a conference
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August 16, 2015
14:24 EDTDISHDISH, Sinclair reach short term contract extension, ask for stay on FCC action
DISH Network (DISH) and Sinclair Broadcast Group (SBGI) announced they have agreed to a short term contract extension as they continue to negotiate a new retransmission agreement. The current agreement was set to expire Saturday night. "The extension preserves DISH customer access to 153 local channels in 79 markets nationwide," said DISH. DISH is asking the Federal Communications Commission to stay action on its verified retransmission complaint and request for preliminary injunctive relief as the two parties continue to negotiate.
14:19 EDTDISHDISH files FCC complaint against Sinclair ahead of potential channel blackout
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