New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 7, 2014
17:06 EDTSAAS, COUP, TWX, THOR, FOXA, SSYSOn 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 (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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
November 18, 2015
17:44 EDTTWXTCS Capital reports 10.9% stake in Central European Media, urges sale of company
In a regulatory filing reporting its position in the company, TCS Capital stated it delivered a letter on November 18 to Central European Media's (CETV) chairman and board of directors urging the hiring of a financial adviser to explore a sale of the company. In the letter, TCS expressed concern about the "poor performance" of the company's stock price, which it believes is "directly tied to Time Warner's (TWX) dominant position as both the largest debt and equity holder" of Central European.
07:46 EDTSAASJefferies hosts a summit
Subscribe for More Information
06:16 EDTFOXAComcast dumps YES Network, WSJ reports
Subscribe for More Information
November 17, 2015
09:14 EDTTWXDolby, VUDU to release Warner Bros. titles for Dolby Vision
Subscribe for More Information
08:56 EDTTWXTime Warner announces proposed debt offering
Subscribe for More Information
November 16, 2015
17:02 EDTTWXPoint72 added to lululemon position, subtracted from Netflix position
Subscribe for More Information
16:43 EDTFOXAGreenlight Capital added Apple, sold some SunEdison
Greenlight Capital gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: CNX Coal Resources (CNXC), Garmin (GRMN), Terraform Global (GLBL), and Liberty Global (LILA). INCREASED STAKES: Apple (AAPL), Michael Kors (KORS), Dillard's (DDS), UIL Holdings (UIL), and Twenty-First Century Fox (FOXA). DECREASED STAKES: SunEdison (SUNE), Micron (MU), Voya (VOYA), Applied Materials (AMAT), and SunEdison Semiconductor (SEMI). LIQUIDATED STAKES: Citizens Financial (CFG), Lam Research (LRCX), Spirit AeroSystems (SPR), Hertz (HTZ), and Macy's (M).
15:53 EDTTWXJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).
09:59 EDTFOXAOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
November 15, 2015
17:09 EDTFOXA, TWX'Spectre' stays uncatchable while Christmas-themed 'Coopers' outperforms
"Spectre" and "The Peanuts" remained in first and second place, respectively, at the domestic box office while Christmas comedy "Love The Coopers" topped expectations heading into the holiday period. WEEKEND LEADER: Sony's (SNE) "Spectre" grossed $35.4M in the U.S. for the weekend of November 15, falling roughly 50% from its $73M domestic open. Globally speaking, the latest James Bond film has pulled in $543.8M in just its second week at the box office. BOX OFFICE RUNNERS-UP: Fox's (FOX, FOXA) "The Peanuts Movie" earned $24.2M, as Charlie Brown and friends fell somewhat short of analyst expectations for $28.7M. Meanwhile, Lionsgate's (LGF) Christmas-themed comedy "Love The Coopers" debuted at $8.4M, beating estimates of $5.2M-$8M despite harsh reviews. Rounding out the weekend's Top 5 were Fox's "The Martian" with $6.7M and newcomer "The 33" at $5.8M. Analyst expectations ranged $5.5M-$10M for the disaster survival drama from Time Warner's (TWX) Warner Bros.
November 13, 2015
11:38 EDTFOXA, TWXBox Office Battle: 'Spectre,' 'The Peanuts Movie' expected to remain on top
Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is again expected to top the box office in its second weekend at theaters, with an estimated domestic gross in the $30.3M-$32.4M range. Fox's (FOX, FOXA) G-rated family film "The Peanuts Movie," starring a 3D-animated Charlie Brown, is again likely to come in second, predicted to earn an additional $28.7M. Newcomer "The 33," a drama retelling the true story of the Chilean miners that were trapped underground in 2010, is expected to open between $5.5M-$10M in 2,400 theaters. "The 33" is being distributed in North America by Time Warner's (TWX) Warner Bros. Pictures, and in Latin America by Fox's 20th Century Fox. Holiday dramedy "Love the Coopers," starring John Goodman and Diane Keaton, is estimated to open in the $5.2M-$8M range. "Love the Coopers" is being released in 2,603 theaters by Lionsgate (LGF) and CBS's (CBS) CBS Films. Fox's "The Martian," which opened on October 2, is predicted to earn an additional $6M-$6.8M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Disney (DIS), and Viacom (VIA, VIAB).
07:56 EDTSSYSStratasys' lower spending may impair competitive moat, says Stephens
Subscribe for More Information
November 12, 2015
18:32 EDTTWX, FOXAHulu in talks to sell stake to Time Warner, WSJ says
Hulu, a joint venture of Disney (DIS), Comcast (CMCSA, CMCSK), and Fox (FOX, FOXA), is in talks to sell a stake in the company to Time Warner (TWX) that would value the service at more than $5B, reports the Wall Street Journal, citing sources. The potential deal would see Time Warner becoming an equal stakeholder alongside the aforementioned companies, with Disney, Comcast, and Fox each reducing their stakes 25% from roughly 33%, said the report. The news comes as Hulu and other players in the media space aim to compete with Netflix (NFLX) and Amazon (AMZN), said the Journal. Reference Link
17:21 EDTTWX, FOXANetflix down 1% after DJ reports Hulu in talks to sell stake to Time Warner
Subscribe for More Information
15:51 EDTTWX, FOXAHulu in talks to sell stake to Time Warner, DJ says
Subscribe for More Information
07:03 EDTTWXLiberty Media announces plan to recapitalize into three tracking stock groups
Subscribe for More Information
November 11, 2015
18:50 EDTTWXTime Warner, Comcast expand investments in virtual reality, WSJ says
Subscribe for More Information
November 10, 2015
15:10 EDTFOXA, TWXT-Mobile confirms unlimited streaming initiative 'Binge On'
Subscribe for More Information
14:59 EDTTWX, FOXAT-Mobile introduces unlimited video streaming
During Tuesday's Uncarrier X press event, T-Mobile (TMUS) announced "Binge On," a new initiative allowing its customers to stream video without impacting their monthly data caps. The feature will support 24 video services at launch, including Netflix (NFLX), Time Warner's (TWX) HBO, and Hulu, a joint venture of Disney (DIS), Fox (FOX, FOXA) and Comcast (CMCSA, CMCSK). Reference Link
11:08 EDTSSYS3D printer makers tumble after ExOne results miss expectations
The shares of 3D printer makers are sinking after one of the smaller companies in the space, ExOne (XONE), reported much weaker than expected results. WHAT'S NEW: ExOne reported a per share loss of 70c, versus analysts' consensus estimate of a per share loss of 11c. The company's revenue came in at $8.9M, versus the consensus outlook of $16.9M. The 3D printer maker provided fiscal 2015 revenue of $40M against the consensus outlook of $55M. ExOne's revenue from 3D printers fell to $2.4M last quarter from $4.2M during the same period a year earlier. However, its revenue from 3D printed and other products, materials and services rose to $6.5M from $5.4M. "Machine sales growth opportunities remain very positive for ExOne and we continue to be enthusiastic about our efforts to establish a dominant market position over time," said ExOne CEO S. Kent Rockwell in a statement."But our customers' delivery scheduling and the complex revenue recognition model for certain of our products and technology have proven to be highly erratic for us to timely predict on a quarter-to-quarter basis," he added. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Holden Lewis said that ExOne's results showed some improvement. The company reported its lowest loss in the past 12 months, and its cash burn rate declined, while its spending eased, the analyst stated. However, the improvement wasn't sufficient, as it still reported a "huge loss" and negative cash flow, Lewis stated. Moreover, the company's machine sales, upon which its future depends, were "poor," the analyst contended. But Lewis said that ExOne's finances did not deteriorate from Q2 levels, while its costs "are under control," its financial model is "stable," and its non-machine business performed well and "hints at value." He kept a $14 price target and Outperform rating on the shares. PRICE ACTION: In morning trading, ExOne tumbled 19% to $8.44, 3D Systems (DDD) dropped 3.5% to $9.75, Stratasys (SSYS) declined 5.5% to $25.25 and Voxeljet (VJET) slid 4% to $5.85.
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use