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Stock Market & Financial Investment News

News Breaks
June 16, 2014
11:33 EDTDWA, SNE, FOX, FOXA, NFLXDreamWorks 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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September 23, 2014
11:29 EDTFOXATribune Co. says talks with Fox on Seattle affiliation continue
Tribune Media (TRBAA) and Twenty-First Century Fox (FOXA) have been conducting ongoing discussions regarding Tribune's Fox affiliation in Seattle, KCPQ, Tribune said. "Throughout the course of this dialogue, which is ongoing, a variety of alternatives have been discussed and there is no resolution at this time. Fox has sent to Tribune a notice of termination of the Seattle affiliation agreement effective January 17, 2015. Nonetheless, we are continuing to engage in discussions with Fox and moreover have prepared for all operational and economic possibilities for our Seattle Fox station. We are confident that our remaining thirteen Fox affiliates will remain unaffected based on regulatory and contractual constraints," Tribune reported. KCPQ contributed approximately $13M in EBITDA in FY13 for Tribune.
06:48 EDTNFLXNetflix declines providing CRTC subscriber information, Globe and Mail says
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06:08 EDTSNESony Mobile cuts smartphone business personnel by 15%, DigiTimes reports
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05:54 EDTNFLXStocks with implied volatility movement; NFLX AMZN
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September 22, 2014
16:00 EDTNFLXOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
13:49 EDTSNESony confirms October 14 launch for PlayStation TV in U.S.
Sony confirmed in a blog post that PlayStation TV will launch in the U.S. and Canada on October 14 and that "nearly 700 games" will be available at launch. PS TV will be priced starting at $99.99 for the standalone system, or $139.99 for a bundle that includes a Wireless Controller, 8GB memory card, and The LEGO Movie Videogame. Reference Link
06:44 EDTSNE, FOXA, FOX'The Maze Runner' leads weekend box office sales with $32.5M, WSJ reports
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September 19, 2014
16:00 EDTNFLXOptions Update; September 19, 2014
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10:12 EDTSNESony expected to launch SmartEyeglass by end of March, The Verge reports
Sony (SNE) is expected to launch SmartEyeglass, a competitor to Google Glass (GOOG), by the end of March, according to The Verge. Reference Link
09:37 EDTNFLXActive equity options trading on open
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07:25 EDTDWASoftbank to spend some of Alibaba windfall in Hollywood, NY Post says
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05:18 EDTNFLXNetflix now available in France, Germany, four other European countries
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September 18, 2014
16:00 EDTNFLXOptions Update; September 18, 2014
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11:39 EDTSNESony's no-dividend policy could be sign of hope, not doom, Nikkei reports
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10:17 EDTSNESony Computer Entertainment division upbeat on 2014 profit, Reuters reports
The head of Sony's PlayStation division aims to raise its profit outlook for 2014 due to the strong sales of the latest PalyStation 4 and the rollout of games and content for its network services, reports Reuters. In an interview with Reuters, Sony Computer Entertainment CEO Andrew House said We raised our profit prediction and I hope that's a trend we can continue, even within this fiscal year." Sony has sold 10.3 million PlayStation 4 consoles as of Sept. 6. Reference Link
09:32 EDTNFLXNetflix domestic estimates raised at ITG Research
ITG raised Netflix's domestic estimates given an acceleration in August. The firm's data indicates a faster than expected improvement in ASP and improved churn trends. The analyst raised its Q3 domestic streaming revenue of $881.3M from $877.3M, above guidance of $877M and consensus of $876.3M.
07:27 EDTSNESony CEO says 'running out of options' for electronics unit, WSJ reports
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07:26 EDTSNEGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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06:45 EDTSNEMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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06:00 EDTNFLXNetflix implied volatility of 26 at lower end of index mean range
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