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Stock Market & Financial Investment News

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June 16, 2014
11:33 EDTNFLX, SNE, FOXA, DWA, FOXDreamWorks 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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November 13, 2014
07:21 EDTDWAHasbro volatility flat in advanced talks to acquire DreamWorks report
Hasbro (HAS) overall option implied volatility of 17 compares to its 26-week average of 18 according to Track Data, suggesting non-directional price movement into talks to buy DreamWorks Animation (DWA), New York Times reports.
07:01 EDTDWAHasbro deal with Disney could be impacted with merger, says Piper Jaffray
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06:45 EDTSNEMicrosoft Xbox sales tripled since price cut, CNet reports
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06:29 EDTDWAMattel deal with DreamWorks likely not renewed with merger, says Wells Fargo
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06:17 EDTFOXA, SNESony unveils PlayStation Vue, a cloud-based TV service
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06:09 EDTDWADreamWorks looking for $35 per share in takeover, Deadline reports
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05:52 EDTDWAHasbro in advanced talks to acquire DreamWorks, NY Times reports
Hasbro (HAS) is in advanced talks to buy DreamWorks Animation (DWA) for a mix of cash and stock, New York Times reports, citing people briefed on the matter. DreamWorks CEO Jeffrey Katzenberg is seeking more than $30 per share, but the deal price is yet to be determined, the paper adds. Reference Link
November 12, 2014
10:43 EDTFOXABernstein 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.
09:37 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
09:10 EDTDWASamsung and M-GO launch UHD transactional VOD service
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08:18 EDTNFLXNetflix CFO expects to expand as much or 'bit more' next year, Bloomberg says
Netflix CFO David Wells said the company plans a “sizable expansion” into new markets next year, projecting expansion on the order of this year or "even potentially a little bit more,” reported Bloomberg, citing Wells' comments at an RBC Capital Markets conference. Reference Link
November 11, 2014
16:01 EDTNFLXOptions Update; November 11, 2014
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November 10, 2014
16:44 EDTNFLXOn The Fly: Closing Wrap
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14:09 EDTNFLXBoehner strongly opposes net neutrality
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13:26 EDTNFLXCable providers fall after Obama weighs in on net neutrality
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12:24 EDTNFLXOn 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.
09:45 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTNFLXObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:23 EDTNFLXRBC Capital to hold a conference
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05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
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