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Stock Market & Financial Investment News

News Breaks
April 11, 2014
06:12 EDTVIVHY, SNE, DWADreamWorks Animation may look to take a piece of Vevo, Re/code reports
DreamWorks (DWA) may be looking to expand by taking a piece of Vevo, a company owned primarily by Vivendi's (VIVHY) Universal Music Group, Sony (SNE) Music and Abu Dhabi Media, reports Re/code. According to industry sources, CEO Jeffrey Katzenberg submitted a bid to Vevo's owners this week. The amount of the stake is unknown. Reference Link
News For DWA;SNE;VIVHY From The Last 14 Days
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March 29, 2015
19:57 EDTDWADreamWorks' 'Home' leads at weekend box office with $54M
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March 27, 2015
14:29 EDTDWAFly Watch: DreamWorks' lone 2015 feature opens this weekend
DreamWorks' (DWA) sole feature film slated for release in 2015, "Home," is set to debut this weekend. The animated movie, narrated by Jim Parsons, Rihanna and Steve Martin, details an alien race's search for a new home planet. "Home" is expected to take in $31M during its opening weekend, according to Boxoffice.com. ANALYST VIEW: The film should do well enough at the box office to avoid a significant write-down, Piper Jaffray analyst James Marsh wrote earlier this week in a note titled "'Home' Need Not Be a Home Run, Just Not A Whiff." Earlier this year DreamWorks took a $57M write-down on "Penguins of Madagascar," and it took a $13.5M write-down on its "Turbo" film in 2014. Last weekend, "Home" was released in a number of small foreign markets, and the results in the U.K. were favorable, as it generated the most revenue among films opening in Britain, Marsh reported. The analyst had an upbeat take on the quality of the movie, saying that its characters are likable and that it was enjoyable overall, although it "was a bit sappy." Estimating that "Home" will generate $350M in global sales, or slightly more than consensus expectations, Marsh wrote that the movie should be a significant positive catalyst for the stock. The film's performance should be sufficient to shift investors' focus to DreamWorks' upcoming positive catalysts that are more likely to boost the stock, including its improved 2016 film slate, its enhanced consumer products business, and its increasingly strong TV business, the analyst stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: Research firm B. Riley was less optimistic about the outlook for "Home" earlier this month. In a note to investors on March 13, B. Riley downgraded the stock to Neutral from Buy, based on valuation and its belief that the company may have to take a write-down on "Home." The firm kept a $24 price target on the shares. PRICE ACTION: Shares of DreamWorks are up 4c to $22.06 in Friday afternoon trading.
11:21 EDTDWADreamWorks Animation volatility low into 'Home' opening
DreamWorks Animation April weekly call option implied volatility is at 45, April is at 42, May is at 52, June is at 44; compared to its 26-week average of 49 according to Track Data, suggesting decreasing price movement into 'Home' opening.
10:03 EDTVIVHYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AEGON (AEG) downgraded to Neutral from Buy at Goldman... Alkermes (ALKS) downgraded to Neutral from Buy at Citigroup... American Eagle (AEO) downgraded to Sell from Neutral at Goldman... ArcelorMittal (MT) downgraded to Sell from Neutral at Citigroup... Black Diamond (BDE) downgraded to Sell from Hold at Feltl... Diodes (DIOD) downgraded to Outperform from Strong Buy at Raymond James... EMC (EMC) downgraded at Pacific Crest... Epizyme (EPZM) downgraded to Neutral from Buy at Citigroup... FutureFuel (FF) downgraded Neutral at Roth Capital... GameStop (GME) downgraded to Neutral from Buy at B. Riley... MSC Industrial (MSM) downgraded to Neutral from Outperform at RW Baird... Pioneer Energy (PES) downgraded to Hold from Buy at Deutsche Bank... Power Integrations (POWI) downgraded to Market Perform at Raymond James... Precision Drilling (PDS) downgraded to Hold from Buy at Deutsche Bank... SanDisk (SNDK) downgraded to Hold from Buy at Evercore ISI... Semtech (SMTC) downgraded to Outperform from Strong Buy at Raymond James... Swiss Re (SSREY) downgraded to Hold from Buy at Jefferies... Vantiv (VNTV) downgraded at SunTrust... Vivendi (VIVHY) downgraded to Underperform from Outperform at Exane BNP Paribas... WESCO (WCC) downgraded to Neutral from Outperform at RW Baird... World Acceptance (WRLD) downgraded to Underperform from Neutral at Macquarie... Zurich Insurance (ZURVY) downgraded to Neutral from Buy at Goldman.
05:42 EDTVIVHYVivendi downgraded to Underperform from Outperform at Exane BNP Paribas
March 26, 2015
06:32 EDTSNEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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March 25, 2015
05:52 EDTSNEFoxconn to set up India production lines to respond to Sony demand, DigiTimes says
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05:37 EDTDWADreamWorks film expected to be material positive catalyst at Piper Jaffray
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March 24, 2015
08:42 EDTDWADreamWorks 'Home' opens to $19.2M in international markets, NY Post says
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March 23, 2015
15:31 EDTVIVHYPSAM calls for EUR9B distribution to Vivendi shareholders
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07:56 EDTVIVHYVivendi rejects calls from hedge fund to sell Universal Music Group, FT reports
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06:00 EDTSNESony to reduce TV, smartphone orders to Taiwan partners, DigiTimes reports
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March 20, 2015
06:36 EDTSNEWeb TV companies ask internet providers for special treatment, WSJ says
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06:06 EDTSNESony Mobile expected to reach revised smartphone shipment target, DigiTimes says
Sony Mobile said its Q4 smartphone shipments increased 20.2% sequentially to 11.9M units, reports DigiTimes. According to Taiwan-based hanset component suppliers, Sony Mobile is expected ship over 8M smartphones in the first calendar quarter of 2015, allowing the vendor to reach its revised target of 39.2M units for FY14. Reference Link
March 18, 2015
12:09 EDTSNESony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTDWAVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
March 17, 2015
11:23 EDTSNEApple willing to share TV data to attract programming partners, NY Post reports
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09:03 EDTSNEElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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05:55 EDTSNEVAIO expected to become strong competitor to Sony smartphones, DigiTimes says
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March 15, 2015
19:12 EDTSNEDisney's 'Cinderella' takes top spot at domestic weekend box office with $70.1M
Rentrak (RENT) announced the official domestic weekend box office estimates for the weekend of March 15, as compiled by the company's theatrical measurement services. Disney's (DIS) "Cinderella" took the top spot at the domestic weekend box office with $70.1M: Warner Bros' (TWX) "Run All Night" took the second spot at the box office with $11M; 20th Century Fox's (FOX, FOXA) "Kingsman: The Secret Service" took third with $6.2M; Warner Bros' "Focus" took the fourth spot at the box office with $5.8M and Sony's (SNE) "Chappie" took fifth place with $5.8M.

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