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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:19 EDTDTV, VZ, T, TMUS, DISHCiti lays out options for DISH following AT&T, DirecTV merger
Citigroup says AT&T's (T) buyout of DirecTV (DTV) removes two potential M&A scenarios for DISH (DISH). Citi sees four potential choices for DISH: offer a competitive bid for DirecTV; sell the spectrum or sell the entire company to Verizon (VZ); buy T-Mobile (TMUS); become a wireless provider by building or partnering to create a national network. The firm says it cannot dismiss the possibility that DISH becomes an alternative bidder for DirecTV.
News For DISH;T;DTV;TMUS;VZ From The Last 14 Days
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July 20, 2015
15:01 EDTVZNotable companies reporting before tomorrow's open
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14:49 EDTVZVerizon July weekly volatility increases into Q2 and outlook
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14:22 EDTVZEarnings Watch: Verizon to report Q2 results after AOL acquisition
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of $1.01 on revenue of $32.45B, according to First Call. The consensus range for EPS is 93c-$1.05 on revenue of $31.75B-$33.0B. LAST QUARTER: Verizon reported first quarter EPS of $1.02 against estimates for 95c on revenue of $32B against estimates for $32.27B. Verizon Wireless had 565,000 retail postpaid net additions in Q1, a 4.8% increase compared with first-quarter 2014. At the end of Q1, the company had 108.6M retail connections, a 5.1% year-over-year increase, and had 102.6M retail postpaid connections. The company added 621,000 4G smartphones to its customer base in Q1. In light of a net decline in 3G smartphones, overall smartphone growth totaled 247,000. The company also added 820,000 4G tablets and reported net declines of 385,000 basic phones and 188,000 prepaid devices in Q1. 4G devices now constitute approximately 70% of the retail postpaid connections base, up from 49% a year ago – with the 4G LTE network handling about 86% of total wireless data traffic in Q1. At 1.03% in Q1, retail postpaid churn improved both sequentially and year over year. Retail postpaid smartphone customer churn was less than 0.9%. Verizon added 133K net new FiOS Internet, and 90K net new FiOS Video connections in Q1. Verizon had totals of 6.7M FiOS Internet and 5.7M FiOS Video connections at the end of the first quarter, representing year-over-year increases of 9.4% and 7.9%, respectively. CEO Lowell McAdam said, “We are confident in our ability to maintain momentum and continue to add value for customers and shareholders.” On May 12, Verizon announced it would acquire AOL for $50 per share, or $4.4B. The transaction was completed on June 23. On May 19, speaking at the JPMorgan Global Technology, Media and Telecom Conference, CFO Fran Shammo said he expects net phone additions in Q2. ANALYST REACTION: Street research has been mostly mixed in the weeks leading up to Verizon’s Q2 earnings report. On May 12, Macquarie downgraded Verizon to Underperform from Neutral with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believed management has made a series of questionable strategic moves beginning with the Vodafone (VOD) deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates. Conversely, on July 9, Stifel resumed coverage of Verizon with a Buy rating and price target of $60 per share. PRICE ACTION: Verizon’s shares are down about 3% since the company's Q1 report. Over the past twelve months, they are down about 5.7%. In afternoon trading ahead of Tuesday's Q2 report, Verizon’s shares are up 0.6%.
July 17, 2015
11:10 EDTTMUST-Mobile reaches $17.5M settlement with FCC over 911 outage
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July 16, 2015
19:27 EDTT, TMUS, VZ, DISHFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
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19:03 EDTDISHFCC chairman to reject DISH partners' spectrum auction discounts, WSJ says
FCC chairman Tom Wheeler has distributed a draft order finding that certain DISH affiliates will not be eligible for $3.3B in discounts requested as part of a spectrum auction earlier in the year, reports the Wall Street Journal, citing people familiar with the matter. Reference Link
15:31 EDTDISHFCC Chair recommends rejecting DISH partners' auction discounts, WSJ says
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15:04 EDTTMUS, DISHDISH buyout talks with T-Mobile stalled, Bloomberg reports
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14:58 EDTDISH, TMUSDISH talks to buy T-Mobile stalled over price and structure, Bloomberg says
10:45 EDTDISH, DTVNetflix price targets soar as Bernstein stays bearish
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10:04 EDTVZ, TU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
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09:55 EDTDTV, DISHRovi trial loss immaterial to estimates, says Piper Jaffray
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05:56 EDTDISH, DTVNetflix ruling irrelevant to Rovi contract renewals, says B. Riley
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05:52 EDTDTV, DISHRuling in Netflix case a negative for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty says court filings released after yesterday's market close indicate Netflix (NFLX) was granted a motion of summary invalidating all five of the remaining Rovi (ROVI) patents that were being contested. Auty expects Rovi to sell off on the news as investors consider what the ruling may do to the company's upcoming contract renewals with Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and DISH (DISH). The "big 4" choosing to litigate against Rovi is "certainly a possibility," but the companies have bigger patent infringement exposures than an over-the-top vendor like Netflix, Auty writes in a research note. He keeps a Neutral rating on Rovi.
July 15, 2015
06:57 EDTDTVBar owners sue DirecTV for overcharging for NFL Sunday Ticket, NY Post reports
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06:52 EDTDTV, TFCC ruling on AT&T-DirecTV deal could come as soon as today, CTFN says
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July 14, 2015
16:01 EDTTOptions Update; July 14, 2015
iPath S&P 500 VIX Short-Term Futures down 15c to 17.76 Option volume leaders: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT NFLX TSLA TWTR MPC
10:07 EDTVZVerizon announces new content partnership with VICE
Verizon announced a new content partnership that will bring VICE Media's content to Verizon's mobile video platform, launching later this year. The multi-year partnership will see a broad selection of VICE digital content, including original domestic and international programming produced exclusively for Verizon, all through a mobile-first video offering. The content offering will also include a curated selection of original videos from across VICE's digital channels covering a range of categories.
09:35 EDTTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
09:06 EDTTMUST-Mobile unveils new family plan for $30 a line per month
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