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Stock Market & Financial Investment News

News For DISH;T;VZ;VOD From The Last 14 Days
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December 21, 2014
17:02 EDTDISHDISH, Comcast's SportsNet work out pact in regional dispute, Reuters says
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12:02 EDTDISH21st Century Fox blacks out Fox News and Business for DISH
Tonight, 21st Century Fox (FOXA,FOX) blocked DISH (DISH) customer access to Fox News Channel and Fox Business Network, as the media conglomerate introduced other channels into negotiations despite those channels not being included in the contract up for renewal. DISH Network is a wholly owned subsidiary of DISH Network Corporation . “It’s like we’re about to close on a house and the realtor is trying to make us buy a new car as well,” said Warren Schlichting, DISH senior vice president of programming. “Fox blacked out two of its news channels, using them as leverage to triple rates on sports and entertainment channels that are not in this contract.” This service disruption comes despite DISH’s offer of a short-term contract extension that would preserve the channels as the two parties continue to negotiate. “DISH has had a productive relationship with Fox for many years,” added Schlichting. “We regret the service disruption to our customers, and remain committed to reaching an agreement that promptly returns this content to DISH’s programming lineup.”
December 19, 2014
13:27 EDTTAT&T increases dividend 2.2% to 47c from 46c
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December 18, 2014
07:17 EDTDISHDISH price target raised to $100 from $70 at Jefferies
Jefferies raised its price target for DISH shares to $100 saying the market is "overly discounting" the value of the company's spectrum. The firm expects DISH's spectrum value to accrete towards auction levels and keeps a Buy rating on the stock. Shares of the pay-TV provider closed yesterday up $1.24 to $69.72.
December 17, 2014
11:14 EDTDISHNetflix rises after MKM downplays production risks, DISH deal announced
Shares of Netflix (NFLX) are climbing after research firm MKM Partners recommended that investors buy shares of the online streaming service heading into the New Year. The shares could triple or quadruple over the next four to five years, the firm predicted. WHAT'S NEW: Some believe that Netflix's stepped up content production increases its risk, MKM analyst Rob Sanderson reported. However, Netflix's movie content purchase deals carry similar risk and the company's massive content portfolio insulates it from risk, the analyst stated. Meanwhile, Sanderson disagrees with initial reviews of Netflix's "Marco Polo" series. The series is no "Games of Thrones," but the season of "Marco Polo" as a whole is better than the first few episodes, Sanderson believes. Netflix should benefit more than expected from the advent of 4K resolution and the company should announce partnerships with cable companies at a faster rate next year, the analyst indicated. He continues to identify the stock as his favorite large-cap name and estimates that it could triple or quadruple over the next four or five years. WHAT'S NOTABLE: Satellite broadcaster DISH (DISH) earlier today announced that it had become the first major pay-TV provider in the U.S. to integrate the Netflix app into its set-top box. The app gives customers the ability to instantly stream Netflix movies and TV shows, DISH added. PRICE ACTION: In mid-morning trading, Netflix gained 3.4% to $327.21.
10:02 EDTVZOn The Fly: Analyst Downgrade Summary
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09:53 EDTDISHDISH integrates Netflix into set-top box
DISH (DISH) today became the first major pay-TV provider in the U.S. to integrate the Netflix (NFLX) app into its set-top box. Available on DISH’s second-generation Hopper, the app gives customers the ability to instantly stream Netflix movies and TV shows, including “House of Cards” and “Orange is the New Black,” from the same platform used to access their linear television channels. The Netflix app will rollout to DISH customers throughout the day. The Netflix app is currently available on all broadband-connected second-generation Hopper set-top boxes. In the coming months, DISH expects the app to rollout to Joey, Super Joey and Wireless Joey clients. Additionally, in the future, titles available on Netflix could be integrated into the search functionality across live, recorded and Video On Demand programs for both the Hopper as well as DISH’s forthcoming OTT service.
08:26 EDTVZMost headline concerns on Verizon overdone, says Bernstein
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06:39 EDTVZVerizon could ship 3M own-branded tablets next year, DigiTimes reports
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06:07 EDTVZVerizon downgraded to Neutral from Buy at Goldman
Goldman downgraded Verizon to Neutral due to higher spectrum costs, increased wireless competition that is driving higher churn and lower margins, and a reduced target multiple to reflect an uncertain outlook. Price target lowered to $48 from $55.
December 16, 2014
10:01 EDTVZGoogle, Verizon enter into global patent licensing agreement
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07:02 EDTVODVodafone to use loan to buy $750M of BlackBerry offerings, Globe and Mail says
Canada has agreed to lend $850M to Vodafone (VOD), which will use $750M of the funds to buy products and services from BlackBerry (BBRY), according to Globe and Mail. Reference Link
December 15, 2014
09:06 EDTVZVerizon announces voluntary sale and purchase program for small shareowners
Verizon Communications announced a program to provide its small shareowners with a convenient and inexpensive way either to round their Verizon holdings up to 100 shares or to sell all their shares. Verizon will not buy or sell any of the shares or otherwise participate in the program. The program is voluntary. It is intended to help owners of fewer than 100 Verizon shares who may have been deterred from selling their Verizon shares or buying additional shares because of the inconvenience. Similar odd-lot programs are commonly offered periodically by public companies to reduce administrative costs and offer a service to investors. Verizon's program will be independently administered by Georgeson, a Computershare company.
December 12, 2014
16:33 EDTVZ, TStocks finish week lower amid steep decline in oil prices
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December 11, 2014
09:37 EDTVZActive equity options trading
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06:24 EDTDISHDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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05:18 EDTDISHNexstar, DISH reach distribution agreement
Nexstar Broadcasting (NXST) announced that it reached a new distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstar’s programming. The agreement covers Nexstar’s broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. On Monday, December 8, Nexstar granted DISH an extension until 11:59 p.m. ET tonight to the companies’ previous agreement.
December 10, 2014
11:28 EDTVZVerizon heads for test of 52-week low, levels to watch
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10:24 EDTVZ, TSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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09:36 EDTVZActive equity options trading
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09:12 EDTVZ, TRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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08:16 EDTTBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
07:30 EDTTAT&T price target lowered to $36-$38 from $42-$44 at Wells Fargo
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06:32 EDTTAT&T shares have near-term downside risk to $30, says Citigroup
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05:53 EDTDISHStocks with implied volatility movement; SPLS DISH
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05:51 EDTTStocks with implied volatility movement; CBST T
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05:15 EDTTAT&T rebrands Alltel in Georgia
AT&T has upgraded the former Alltel retail locations in Georgia and opened them under the AT&T brand. AT&T has also upgraded the former Alltel network in Georgia to combine the strength of Alltel's local coverage with AT&T's 4G LTE network. In early 2015, more than 100,000 former Alltel wireless customers in Georgia will begin using new devices that work on AT&T's network.
December 9, 2014
16:28 EDTVZOn The Fly: Closing Wrap
Stocks on Wall Street opened in the red on the heels of a sharp sell-off in China and amid continued concern over tumbling oil prices. The domestic economic calendar offered little in the way of a catalyst and the market moved in a narrow range throughout the morning. However, the averages began to pare their losses once the European markets closed. By mid-afternoon the averages had turned mixed with the Nasdaq higher, the S&P flat, and the Dow the laggard, which is the way the trading day closed. ECONOMIC EVENTS: In the U.S., the National Federation of Independent Business' optimism index rose to 98.1 from a prior reading of 96.1. The JOLTS report showed job openings increased 149K to 4.83M in October, which was above the expectation for 4.795M openings. Wholesale sales increased 0.2% in October and inventories grew 0.4%, both of which were better than expected. In Asia, China's Shanghai composite index plunged 5.4%, making for the stock market's sharpest selloff in years, after the country’s securities clearing house raised the threshold for the type of collateral used for short-term loans and policymakers warned about potentially slower economic growth. In Europe, Greek stocks and bonds also tumbled after a move to bring forward presidential elections, which could potentially derail Greece’s bailout and austerity efforts. COMPANY NEWS: Verizon (VZ) was among the Dow's worst performers, sinking $1.98, or 4.05%, to $46.92 after the company warned that Q4 impacts of its promotional offers, together with the strong customer volumes this quarter, will put short-term pressure on its earnings per share. After last night's commentary from the company, Robert W. Baird downgraded Verizon shares to Neutral from Outperform and lowered its price target on the stock to $50 from $54... Merck (MRK) also weighed on the Dow, as the drugmaker fell $1.87, or 3.02%, to $60.01 after a Delaware court denied Cubist's (CBST) bid to stop Hospira (HSP) from selling a generic version of Cubicin in 2016. Merck announced just yesterday morning that it had agreed to buy Cubist in a transaction with a total value of approximately $9.5B. The news is a "tough start" to Merck's takeover and makes the $9.5B buyout price look $2B to $3B too high, according to analysts at Leerink. Shares of Cubist also fell $xxx, or xxx%, to $xxx following the court ruling. MAJOR MOVERS: Among the notable gainers was bluebird bio (BLUE), which surged $35.39, or 72.39%, to $84.28 after the company announced data from eight subjects treated with its LentiGlobin drug product and Piper Jaffray more than doubled its price target for the shares to $112 from $52. Among the noteworthy losers was Conn's (CONN), which plunged $14.26, or 40.64%, to $20.83 after unexpectedly reporting losses for its third fiscal quarter, withdrawing its FY15 guidance and announcing the departure of its CFO. Also lower was Spirit Airlines (SAVE), which slid $10.70, or 12.67%, to $73.77 after the company said last night that since late October there has been compression in the fare structure for close-in bookings, believed to be driven by the industry’s willingness to trade lower fuel prices for lower fares. Also, this morning, Raymond James downgraded Spirit Airlines to Market Perform from Outperform, citing valuation, European deflation headwinds, and earnings that are still being revised down. INDEXES: The Dow fell 51.28, or 0.29%, to 17,801.20, the Nasdaq rose 25.77, or 0.54%, to 4,766.46, and the S&P 500 slipped 0.49, or 0.02%, to 2,059.82.
16:00 EDTVZOptions Update; December 9, 2014
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14:57 EDTVZTelecom equipment stocks rally after Verizon CFO comments on wireless CapEx
Telecom equipment stocks, which opened lower, rallied after Verizon (VZ) CFO Fran Shammo said he sees wireless CapEx continuing to trend upward. Shammo, speaking at the UBS 42nd Annual Global Media And Communications Conference, said, "The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Ciena (CIEN), JDSU (JDSU), and Finisar (FNSR) all reversed earlier losses. PRICE ACTION: In afternoon trading, Ciena is up 1.5%, JDS Uniphase is up 3.8%, and Finisar is up 4.5%. Verizon, which was downgraded this morning to Neutral from Buy by RW Baird, is trading down almost 5%.
12:25 EDTVZOn The Fly: Midday Wrap
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10:38 EDTVZVerizon CFO Shammo says not interested in doing large international M&A deal
CFO Fran Shammo sees wireless CapEx continuing to trend up, sees wireline CapEx continuing to trend down. Says does not believe wireless CapEx will decline. Shammo commented that ""The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Says dividend policy "very important." Says doesn't see share buybacks until balance sheet is delevered.
10:28 EDTVZ, TVerizon drops after warning about promotional impact on profits
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10:27 EDTVZVerizon CFO says would sell towers for 'right price, right terms'
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10:23 EDTVZOn The Fly: Analyst Downgrade Summary
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10:17 EDTVZVerizon CFO Shammo says sees promotional pricing 'settling down' in 2015
Says Q4 has been a "pretty exciting" period, says seeing increase in activations, but seeing some increase in churn as well. Says has seen high volume in Q4 sales. Says continues to see strong momentum for wireless customer growth in Q4. Sees promotional pricing "settling down" in 2015. Shammo says social media, press has built this up as a price war; says rival's half-priced promotion "not as dramatic" as it looks. Says tablets a "tremendous" growth area for industry. Says streaming TV to mobile to begin in mid-2015. Says that over time, company believes can increase margins. Comments made at the UBS Global Media & Communications Conference. Verizon shares are down 3.8% to $47.04 in morning trading.
09:38 EDTVZActive equity options trading
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07:40 EDTVZVerizon competition increased, company should be able to respond, says Canaccord
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07:32 EDTVZ, TUBS to hold a conference
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06:32 EDTDISHCitigroup calls on DISH to split into two companies
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06:15 EDTVZVerizon downgraded at RW Baird
As previously reported, Baird downgraded Verizon to Neutral from Outperform. The firm downgraded shares citing last night's negative pre-announcement due to increasing competitive concerns, margin pressures, higher churn, and full valuation. Price target lowered to $50 from $54.
06:01 EDTVZVerizon downgraded to Neutral from Outperform at RW Baird
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05:24 EDTDISHNexstar provides third extension to DISH distribution agreement
Nexstar Broadcasting (NXST) announced that it has provided the third extension of its distribution agreement with DISH Network (DISH) allowing the satellite television provider the right to continue to air Nexstar’s highly rated programming until 11:59 p.m. ET on Wednesday, December 10. The agreement covers Nexstar’s broadcast platform inclusive of 60 network affiliated and local stations in 46 markets. DISH’s previous extension with Nexstar expires at 11:59 p.m. ET. Nextar stated that for over two months, it has been negotiating in good faith to establish a mutually agreeable contract with DISH and Nexstar remains hopeful that a resolution can be reached without a service interruption to viewers in affected markets.
December 8, 2014
18:24 EDTVZ, TOn The Fly: After Hours Movers
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17:05 EDTVZVerizon sees Q4 impacts of promotional offers will pressure wireless EBITDA, EPS
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