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Stock Market & Financial Investment News

News Breaks
August 7, 2014
17:06 EDTSAAS, FOXA, SSYS, COUP, TWX, THOROn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory and appeared ready to build on yesterday’s gains. There was little to point to as a catalyst, but the early move was likely helped by better than expected initial jobless claims data and an agreement to an extended ceasefire by between Gaza and Israel. The market saw its highs shortly after the open and then began to drift lower. By noon each of the major equity indexes had crossed into negative ground and by mid-afternoon the sellers were in control and renewed the selling trend that has been prevalent in recent sessions. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 14K to 289K in the week ended August 2, versus expectations for 300K new claims. Consumer credit grew by $17.3B in June, versus expectations for it to have increased $18.3B for the month. In Europe, both the European Central Bank and the Bank of England decided to keep their main interest rates unchanged. COMPANY NEWS: 21st Century Fox (FOXA) advanced $1.63, or 5.04%, to $33.96 after the company reported higher than expected fourth quarter earnings and the stock was upgraded to Market Perform from Underperform at Cowen. Chairman and CEO Rupert Murdoch spoke on the company's earnings conference call, which is a bit outside of the recent norm, and said the company's decision to no longer pursue an acquisition of Time Warner (TWX) is "resolute." Chief Operating Officer Chase Carey echoed that the company is "done" as far as Time Warner and added that 21st Century Fox says will not pursue any other content company. MAJOR MOVERS: Among the notable gainers was inContact (SAAS), which gained $1.34, or 17.45%, to $9.02 and was upgraded at Oppenheimer and Benchmark Co. after reporting better than expected Q2 results. Also higher was Stratasys (SSYS), which rose $14.78, or 14.94%, to $113.69 after the company reported stronger than expected second quarter results and raised its guidance. Among the noteworthy losers was Thoratec (THOR), which fell $9.83, or 30.18%, to $22.74 and was downgraded by at least four Street firms following the company's Q2 miss and lowered guidance. Also lower after its earnings report were shares of Coupons.com (COUP), which fell $4.58, or 23.5%, to $14.91. INDEXES: The Dow fell 75.07, or 0.46%, to 16,368.27, the Nasdaq dropped 20.08, or 0.46%, to 4,334.97, and the S&P 500 slipped 10.67, or 0.56%, to 1,909.57.
News For FOXA;TWX;SSYS;THOR;COUP;SAAS From The Last 14 Days
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May 28, 2015
16:02 EDTSSYSStratasys, Creaform announce joint marketing agreement
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09:20 EDTTWXTime Warner announces proposed debt offering
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07:28 EDTSAASBenchmark Company to hold a conference
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07:23 EDTFOXABig four networks aim to own more of their programs, WSJ reports
The percentage of shows that the big four television networks own or have a stake in has risen in recent years as owning shows has become a priority due to lucrative rerun and cross platform rights, said The Wall Street Journal. Walt Disney’s (DIS) ABC will own or have a stake in almost 70% of its coming schedule, compared with 48% in 2010, while Fox (FOXA), CBS (CBS) and Comcast’s (CMCSA) NBC will also own or have stakes in the majority of their lineups' shows, the report noted. Reference Link
May 27, 2015
09:40 EDTTWXHBO may consider discounted prepaid plans, Cut Cable Today reports
Time Warner's HBO may consider discounted prepaid plans in the future, reports Cut Cable Today. Citing a HBO customer satisfaction survey, HBO asked, “If these offers were available to you for one-time only, how likely would you be to take advantage of each in the next three months?” Participants were then presented with four different potential discounts. Reference Link
May 26, 2015
10:24 EDTTHORThoratec price target raised to $53-$54 from $48-$50 at Wells Fargo
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09:04 EDTTHORThoratec receives conditional FDA approval for Shield II U.S. trial
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May 25, 2015
12:50 EDTFOXA, TWXDisney's 'Tomorrowland' leads U.S. weekend box office with $32.2M
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May 21, 2015
13:36 EDTSSYSOppenheimer flips ratings on two 3D printing leaders
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09:58 EDTSSYSOn The Fly: Analyst Upgrade Summary
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07:41 EDTSSYSStratasys upgraded on execution, valuation, outlook at Oppenheimer
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07:02 EDTSSYSStratasys upgraded to Outperform from Perform at Oppenheimer
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May 18, 2015
17:26 EDTFOXAValueAct reports 5.5% stake in 21st Century Fox Class B shares
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07:27 EDTFOXAJPMorgan to hold a conference
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May 17, 2015
15:37 EDTTWXUniversal's 'Pitch Perfect 2' leads U.S. weekend box office with $70.3M
For the weekend of May 17, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pitch Perfect 2" topped domestic box office charts at $70.3M. Time Warner (TWX) subsidiary Warner Bros.' "Mad Max: Fury Road" landed in second place with $44.4M, while Disney's (DIS) "Avengers: Age Of Ultron" came in third with $38.8M. Warner Bros.' "Hot Pursuit" and Universal's "Furious 7" took fourth and fifth place at $5.8M and $3.6M, respectively. Data gathered by Rentrak.
May 15, 2015
11:08 EDTFOXAOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).

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