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Stock Market & Financial Investment News

News Breaks
June 16, 2014
11:33 EDTFOX, NFLX, SNE, FOXA, DWADreamWorks nosedives after 'Dragon 2' falls short of expectations
Shares of animated family-film producer DreamWorks Animation (DWA) are falling after its latest film, "How to Train Your Dragon 2," didn't do as well as analysts had expected in its box-office debut. WHAT'S NEW: DreamWorks' "How to Train Your Dragon 2," which is distributed by 20th Century Fox (FOX, FOXA), grossed $50M in its opening weekend, while Sony's (SNE) "22 Jump Street" topped the U.S. box-office with $60M in grosses, said The Wall Street Journal. Both sequel films earned higher debut weekend revenues than their predecessors. During its 2010 opening weekend, "How to Train Your Dragon" made roughly $44M domestically, the Journal noted. ANALYST REACTION: Piper Jaffray analyst James Marsh said that while DreamWorks' latest film could still reach its $200M domestic box office target, the opening for "Dragon 2" came in below the consensus forecast by 30%-40%. Citing the film's opening results, as well as slate changes this year and next and slower than anticipated Netflix (NFLX) episode deliveries, Piper Jaffray lowered its FY15 EBITDA estimate for Dreamworks Animation to $106M from $130M, which it said is "well below" a consensus forecast of $182M. The firm maintains an Underweight rating on DreamWorks' shares. PRICE ACTION: During late-morning trading, shares of DreamWorks fell nearly 12.5% to $23.94.
News For DWA;SNE;FOX;FOXA;NFLX From The Last 14 Days
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June 23, 2015
13:09 EDTNFLXHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
09:36 EDTNFLXActive equity options trading on open
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06:05 EDTSNENo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
09:51 EDTSNESony to launch 1-terabyte PlayStation 4 in July
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07:39 EDTNFLXNetflix price target raised to $950 on business momentum at BTIG
BTIG raised Buy rated Netflix's price target to $950 from $600 citing business model momentum. The firm's analyst believes Netflix can grow substantially beyond 50M domestic subs. In addition, as the MVPD bundle unravels, BTIG expects consumers will have money to spend on Netflix and other SVOD services. As the price/value of Netflix grows, the firm believes there is substantial upside potential to its ARPU estimates. BTIG expects Worldwide streaming subs to expand to over 108M by 2017, up from 101M, compared to 57M at year-end 2014. Furthermore, BTIG believes Netflix could reach 140M global subscribers by 2020.
June 21, 2015
19:21 EDTFOXA, FOXFox rejects offers from Vodafone, Vivendi for Sky stake, Telegraph says
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16:21 EDTFOX, FOXAUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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June 19, 2015
16:00 EDTNFLXOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
14:07 EDTNFLXOptions with increasing implied volatility: NFLX CI TRIP AET
09:37 EDTNFLXActive equity options trading on open
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07:51 EDTSNEGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
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07:30 EDTNFLXNetflix price target raised to $800 from $610 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his 12-18 month price target for shares of Netflix to $800 from $610. The streaming service closed yesterday up $3.30 to $663.20. The new target reflects the company's plans to enter Japan, Cuba, Spain, Italy and Portugal, all in 2015, the analyst tells investors this morning in a research note. Helfstein's revised model assumes global subscribers of 239M in 2020, equaling 32% penetration of broadband homes, which the analyst says is consistent with Netflix's 2015 rates in older markets. He reiterates an Outperform rating on the stock.
June 18, 2015
19:04 EDTSNEMore documents from Sony cyber attack published on WikiLeaks, Re/Code says
WikiLeaks published 276,394 more documents stolen from Sony Pictures during the movie studio's cyber attack, reports Re/Code. Reference Link
11:31 EDTNFLXOptions with increasing implied volatility
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June 17, 2015
17:18 EDTNFLXSpotify hires ex-Netflix CFO Barry McCarthy as company CFO, WSJ says
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16:56 EDTNFLXSpotify hires ex-Netflix CFO Barry McCarthy as company CFO, Dow Jones says
11:08 EDTNFLXOptions with increasing implied volatility
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09:40 EDTNFLXActive equity options trading on open
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09:36 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB AMD ADBE TWTR BABA QIHU NFLX BAC
06:20 EDTFOX, NFLX, FOXAHulu luring content producers from Netflix, WSJ reports
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