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Stock Market & Financial Investment News

News For GERN;HK;HWD;ISRG;MRO;ONTY;THLD;TROX;ZIOP;STRZA;XWES;NFLX From The Last 14 Days
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April 27, 2015
09:36 EDTNFLXActive equity options trading on open
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08:04 EDTZIOPZiopharm announces initiation of Phase 1b/2 study of Ad-RTS-hIL-12 gene therapy
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07:41 EDTNFLXNetflix price target raised to $725 from $650 at Stifel
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07:13 EDTNFLXUBM Tech to hold a conference
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April 24, 2015
05:57 EDTNFLXStocks with implied volatility below IV index mean; GE NFLX
Stocks with implied volatility below IV index mean; General Electric (GE) 16, Netflix (NFLX) 27 according to iVolatility.
April 23, 2015
10:00 EDTHKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADTRAN (ADTN) downgraded to Hold from Buy at Needham... Angie's List (ANGI) downgraded to Underperform from Market Perform at Northland... BG Group (BRGYY) downgraded to Hold from Overweight at HSBC... Brink's (BCO) downgraded to Neutral, sees 'imminent' downside risk, says Macquarie... Citrix (CTXS) downgraded to Hold from Buy at Evercore ISI... Cognex (CGNX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Equal-Weight from Overweight at First Analysis... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Ensco (ESV) downgraded to Underweight from Equal Weight at Morgan Stanley... F5 Networks (FFIV) downgraded to Neutral from Buy at MKM Partners... Fulton Financial (FULT) downgraded to Market Perform from Outperform at Keefe Bruyette... Halcon Resources (HK) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded on limited earnings growth at Raymond James... Informatica (INFA) downgraded to Market Perform from Outperform at JMP Securities... Knight Transportation (KNX) downgraded to Outperform from Strong Buy at Raymond James... LegacyTexas Financial (LTXB) downgraded to Outperform from Strong Buy at Raymond James... Masco (MAS) downgraded to Neutral from Buy at Citigroup... MobileIron (MOBL) downgraded to Equal Weight from Overweight at Morgan Stanley... Noble Corp. (NE) downgraded to Underweight from Equal Weight at Morgan Stanley... Omnicare (OCR) downgraded to Neutral from Outperform at Credit Suisse... Owens Corning (OC) downgraded to Sell from Neutral at Citigroup... Qualcomm (QCOM) downgraded to Neutral from Outperform at Exane BNP Paribas... RAM Energy (RAME) downgraded to Neutral from Outperform at Baird... Repsol (REPYY) downgraded to Reduce from Hold at HSBC... Stillwater Mining (SWC) downgraded on lack of catalysts at BB&T... Texas Capital (TCBI) downgraded to Outperform from Strong Buy at Raymond James... Texas Instruments (TXN) downgraded to Neutral from Buy at BofA/Merrill... Total (TOT) downgraded to Hold from Buy at Deutsche Bank... Transocean (RIG) downgraded to Underweight from Equal Weight at Morgan Stanley.
07:21 EDTHKHalcon Resources downgraded to Neutral from Outperform at Baird
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06:01 EDTNFLXStocks with implied volatility below IV index mean; SNDK NFLX
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April 22, 2015
17:31 EDTNFLXNetflix renews 'Daredevil' for season two, Hollywood Reporter says
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10:53 EDTISRG, NFLXOptions with decreasing implied volatility
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10:25 EDTMRONomura U.S. energy analysts hold an analyst/industry conference call
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10:02 EDTSTRZA, MROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alcoa (AA) initiated with a Neutral at Cleveland Research... American Electric (AEP) initiated with a Neutral at Guggenheim... American Water (AWK) initiated with a Buy at Guggenheim... Anadarko (APC) initiated with a Buy at Nomura... Apache (APA) initiated with a Reduce at Nomura... Associated Banc Corp (ASB) initiated with a Market Perform at Wells Fargo... Cabot Oil & Gas (COG) initiated with a Neutral at Nomura... Canadian Natural (CNQ) initiated with a Buy at Nomura... Cenovus Energy (CVE) initiated with a Reduce at Nomura... Chesapeake (CHK) initiated with a Reduce at Nomura... Cimarex Energy (XEC) initiated with a Neutral at Nomura... Communications Sales & Leasing (CSAL) initiated with an Overweight at Stephens... Concho Resources (CXO) initiated with a Buy at Nomura... Consolidated Edison (ED) initiated with a Neutral at Guggenheim... Continental Resources (CLR) initiated with a Buy at Nomura... DTE Energy (DTE) initiated with a Buy at Guggenheim... Denbury Resources (DNR) initiated with a Reduce at Nomura... Depomed (DEPO) initiated with an Overweight at Piper Jaffray... Devon Energy (DVN) initiated with a Neutral at Nomura... Dominion (D) initiated with a Buy at Guggenheim... Duke Energy (DUK) initiated with a Buy at Guggenheim... EOG Resources (EOG) initiated with a Buy at Nomura... Edison International (EIX) initiated with a Neutral at Guggenheim... Encana (ECA) initiated with a Buy at Nomura... Entergy (ETR) initiated with a Neutral at Guggenheim... Eversource (ES) initiated with a Buy at Guggenheim... Exelon (EXC) initiated with a Buy at Guggenheim... FirstEnergy (FE) initiated with a Neutral at Guggenheim... Great Plains Energy (GXP) initiated with a Buy at Guggenheim... Hess Corp. (HES) initiated with a Neutral at Nomura... Marathon Oil (MRO) initiated with a Buy at Nomura... Media General (MEG) initiated with a Neutral at Nomura... Medley Capital (MCC) initiated with a Buy at Janney Capital... Murphy Oil (MUR) initiated with a Neutral at Nomura... Newfield Exploration (NFX) initiated with a Buy at Nomura... Newtek Business Services (NEWT) initiated with a Neutral at Ladenburg... NextEra Energy (NEE) initiated with a Buy at Guggenheim... Noble Energy (NBL) initiated with a Reduce at Nomura... Oasis Petroleum (OAS) initiated with a Neutral at Nomura... PG&E (PCG) initiated with a Neutral at Guggenheim... PPL Corp. (PPL) initiated with a Buy at Guggenheim... PSEG (PEG) initiated with a Buy at Guggenheim... Pernix Therapeutics (PTX) initiated with an Overweight at Piper Jaffray... Pinnacle West (PNW) initiated with a Neutral at Guggenheim... Pioneer Natural (PXD) initiated with a Buy at Nomura... RSP Permian (RSPP) initiated with a Buy at Wunderlich... Range Resources (RRC) initiated with a Buy at Nomura... STMicroelectronics (STM) initiated with a Buy at Craig-Hallum... Southern Company (SO) initiated with a Neutral at Guggenheim... Southwestern Energy (SWN) initiated with a Neutral at Nomura... Starz (STRZA) initiated with a Sector Perform at FBN Securities... Stellus Capital (SCM) initiated with a Neutral at Janney Capital... Suncor (SU) initiated with a Buy at Nomura... TECO Energy (TE) initiated with a Neutral at Guggenheim... Tribune Media (TRCO) initiated with a Hold at Jefferies... Ultra Petroleum (UPL) initiated with a Neutral at Nomura... Whiting Petroleum (WLL) initiated with a Neutral at Nomura... Zogenix (ZGNX) initiated with an Overweight at Piper Jaffray... bluebird bio (BLUE) initiated with a Buy at Maxim.
08:13 EDTTHLDThreshold: data suggest TH-4000 may overcome conventional EGFR-TKIs resistance
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08:11 EDTSTRZAStarz initiated with a Sector Perform at FBN Securities
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07:45 EDTISRGIntuitive Surgical appears fully valued at current levels, says Canaccord
Canaccord said they would not add to positions of Intuitive Surgical at current levels as shares appear fully valued, if not slightly overvalued, relative to discounted cash flow. The firm also cited the company's operating headwinds and negative operating leverage. Canaccord reiterated its Hold rating but raised its price target to $517 from $487 on Intuitive Surgical shares.
07:15 EDTMROMarathon Oil initiated with a Buy at Nomura
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07:04 EDTISRGIntuitive Surgical growth prospects remain compelling, says Jefferies
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April 21, 2015
19:06 EDTISRGOn The Fly: After Hours Movers
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17:07 EDTISRGIntuitive Surgical shares down 3.5% after Q1 results
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16:58 EDTISRGIntuitive Surgical raises 2015 procedural growth view to 8%-11% from 7%-10%
16:35 EDTISRGIntuitive Surgical says Q1 sales in Europe sequentialy slower due to seasonality
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16:34 EDTISRGIntuitive Surgical saw increased pressure on product margins in Q1
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16:09 EDTISRGIntuitive Surgical shipped 99 da Vinci Surgical Systems in Q1
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16:08 EDTISRGIntuitive Surgical Q1 worldwide da Vinci procedures grew nearly 13% YoY
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16:08 EDTISRGIntuitive Surgical reports Q1 EPS $3.57, consensus $3.87
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15:28 EDTISRGNotable companies reporting after market close
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14:10 EDTISRGIntuitive Surgical technical comments before results
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14:01 EDTISRGEarnings Watch: Intuitive Surgical to report Q1 earnings amid currency headwind
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14:00 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: NFLX MLNX XON WUBA MEMP BMRN FTNT BPT SNDK
10:01 EDTGERNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.
09:07 EDTONTYOncothyreon discloses General Manager's Jay Venkatesan intent to resign
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07:34 EDTHKHalcon Resources sees Q1 production 42,500-43,500 Boe/d
Halcón expects to report production for the three months ended March 31, 2015 of 42,500-43,500 barrels of oil equivalent per day. Q1 production is estimated to be ~81% oil, ~8% NGLs and ~11% natural gas. The company estimates that it will record a non-cash pre-tax full cost ceiling impairment charge of $450M-$650M in Q1. The company is currently operating three rigs across its holdings and currently has 23 wells being completed or waiting on completion. Halcón continues to be focused on reducing costs in the current commodity price environment.
07:28 EDTISRGIntuitive Surgical easy comps present near-term opportunity, says Canaccord
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April 20, 2015
18:48 EDTGERNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
17:04 EDTZIOPOn The Fly: Top stock stories for Monday
Stocks on Wall Street were higher for the day, beginning the session sharply higher and remaining in positive territory throughout. China’s central bank announced a reduction in bank reserve requirements in an effort to increase liquidity and spur economic growth within the country. Following the open, the market moved in a relatively narrow range as investors await the latest round of earnings reports for one of the season's heavier weeks. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index came in at 0.42 versus expectations for positive 0.1. In Asia, the People's Bank of China lowered its reserve requirement ratio, by 1 percentage point, the lowest since the financial crisis. Despite this, the Shanghai Composite Index fell 1.6% because regulators had already begun curbing speculative trading on Friday. COMPANY NEWS: Morgan Stanley (MS) advanced 0.57%, or 21c, to $36.96 after reporting earnings prior to the market open. The bank beat on both EPS and revenue, and also raised its dividend to 15c from 10c. CEO James Gorman was pleased with the quarter and cited growth across the majority of the company's operations. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which rose 12.55% to end the session at $74.16 after reporting EPS and revenue in excess of analyst expectations. During its earnings conference call, the company appeared confident on its 2015 offerings which include Disney (DIS) Princess and Frozen product lines. Also higher was Rovi (ROVI), gaining 8.64% to close the day at $19.11 after renewing its licensing and program guide agreement with Charter (CHTR). Among the noteworthy losers was Caesars Entertainment (CZR), tumbling 17.01% to $10 after failing to reach an agreement on its restructuring. Also lower were a number of medical companies involved in the development of CAR-T cancer therapies, including Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP). The drop followed disappointing, small-scale studies presented during the annual meeting of the American Association for Cancer Research. INDEXES: The Dow rose 208.63, or 1.17%, to 18,034.93, the Nasdaq advanced 62.79, or 1.27%, to 4,994.6, and the S&P 500 gained 19.22, or 0.92%, to 2,100.4.
16:31 EDTGERNGeron initiated with an Outperform at Oppenheimer
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16:01 EDTNFLXOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
12:31 EDTZIOPOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after China’s central bank relaxed reserve requirements for its banks. The nation's own stock market struggled to overcome the cross current of other actions taken to cut down on speculative trading there, but U.S. stock markets surged at the open and had not looked back by midday. The domestic economic calendar has quiet and earnings continue to be the focal point at home, as a great number of S&P 500 companies prepare to report this week. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index had a reading of -0.42, versus expectations for a +0.10 reading. A reading below zero represents economic activity below trend. In China, the People's Bank of China cut the reserve-requirement ratio, or the amount of reserves lenders need to hold, by 1 full percentage point, which was the biggest cut since the depths of the financial crisis and more than expected by economists. However, the Shanghai Composite Index still dropped 1.6%, since the reserve-requirement cut came after regulators had moved to curb speculative trading with actions taken Friday. COMPANY NEWS: Shares of Morgan Stanley (MS) advanced 1% after the bank's headline earnings excluding certain adjustments and tax benefits beat expectations. CEO James Gorman noted that the first quarter of the year was the bank's "strongest quarter in many years with improved performance across most areas of the firm." Morgan Stanley also increased its quarterly dividend to 15c per share from 10c per share. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which gained 10% after the toymaker's sales and profits widely topped expectations in its fiscal first quarter. Also higher was Rovi (ROVI), which gained more than 10% after the company announced it has renewed its patent license and interactive program guide product agreement with Charter Communications (CHTR). Among the noteworthy losers was FARO Technologies (FARO), which dropped 25% and was downgraded by Noble Financial and Needham after the preannounced lower than expected first quarter revenue. Also lower were a number of companies that are developing CAR-T cancer therapies following the annual meeting of the American Association for Cancer Research. Mizuho analyst Peter Lawson attributed the pullback to disappointment in this weekend's solid tumor data on a small number of patients with advanced cancers who were given CAR-T therapy developed by Novartis (NVS) and the University of Pennsylvania. Shares of Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP) were all lower near noon. INDEXES: Near midday, the Dow was up 236.19, or 1.32%, to 18,062.49, the Nasdaq was up 59.54, or 1.21%, to 4,991.35, and the S&P 500 was up 21.82, or 1.05%, to 2,103.00.
12:08 EDTNFLXTiming of Rovi renewal with Charter a plus, says JPMorgan
JPMorgan said the timing of the closing of Rovi's (ROVI) renewal of its IP and programming guide agreement with Charter (CHTR) is advantageous given Rovi's other impending renewals and should give some confidence that large service provider renewals don't hinge on the outcome of the company's court case with Netflix (NFLX). However, the firm added that it would not be surprised to see more volatility in Rovi shares if court rulings favor Netflix and it kept a Neutral rating on the stock.
11:57 EDTZIOPMizuho reiterates Buy on Kite Pharma amid selloff
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11:44 EDTZIOPCAR-T therapy stocks fall following cancer research meeting
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10:11 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: BPT WETF NFLX BMRN SNDK STX TSM MAT FAST INTC
10:00 EDTMROOn The Fly: Analyst Upgrade Summary
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09:52 EDTNFLXRovi deal with Charter a 'material' positive, says Piper Jaffray
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09:36 EDTNFLXActive equity options trading on open
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06:51 EDTMROMarathon Oil upgraded to Overweight from Equal Weight at Morgan Stanley
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April 19, 2015
14:23 EDTNFLXNetflix stock may see pressure as content costs rise, Barron's says
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April 18, 2015
20:31 EDTTHLDThreshold Pharmaceuticals to hold analyst and investor day
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April 17, 2015
16:31 EDTNFLXStocks end week lower amid earnings reports, fear about Greece, China
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16:11 EDTNFLXOptions Update; April 17, 2015
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10:14 EDTNFLXOptions with decreasing implied volatility
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09:59 EDTNFLXNetflix continues its post-earnings pop, levels to watch
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09:36 EDTNFLXActive equity options trading on open
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07:18 EDTMROMarathon Oil management to meet with UBS
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06:28 EDTNFLXNetflix receives better treatment from international service providers, WSJ says
International broadband providers open their networks to Netflix and integrate the app into their boxes, as opposed to U.S. providers, which are battling with the streaming video service over internet regulations, reports the Wall Street Journal. Reference Link
05:57 EDTNFLXStocks with implied volatility below IV index mean; NFLX SNDK
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April 16, 2015
16:21 EDTNFLXOn The Fly: Top stock stories for Thursday
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16:02 EDTNFLXOptions Update; April 16, 2015
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12:41 EDTISRGIntuitive Surgical volatility elevated into Q1 and outlook
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12:37 EDTNFLXOn The Fly: Top stock stories at midday
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11:23 EDTNFLXStreet Check: Citi, UBS upgraded Netflix in week before earnings rally
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10:15 EDTNFLXOptions with decreasing implied volatility
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:36 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
09:18 EDTNFLXOn The Fly: Pre-market Movers
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07:53 EDTNFLXNetflix price target raised to $625 from $509 at JPMorgan
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07:47 EDTNFLXNetflix price target raised to $610 from $483 at Oppenheimer
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07:46 EDTNFLXNetflix price target raised to $600 from $565 at UBS
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07:38 EDTNFLXNetflix price target raised to $600 from $515 at Nomura
Nomura raised Buy rated Netflix's price target to $600 based on accelerating core subscriber growth.
07:38 EDTISRGJefferies positive on Intuitive Surgical ahead of Q1 results
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07:37 EDTNFLXNetflix price target raised to $650 from $535 at Stifel
Stifel increased its price target on Netflix after the company reported higher than expected global streaming subscriber growth for Q1. The firm expects the company's subscriber momentum to continue and keeps a Buy rating on the shares.
07:19 EDTNFLXOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
07:13 EDTNFLXNetflix upgraded to Outperform with $900 target at FBR Capital
FBR Capital upgraded Netflix to Outperform from Market Perform and raised its price target for shares to $900 from $400. The stock in premarket trading is up $61.91 to $537.37 after the streaming service reported Q1 results last night. FBR says its survey work with ClearVoice Research revealed that domestic Netflix subscribers "love the service more than TV." The firm now believes Netflix is very likely to move towards 180M global subscribers by 2020. It sees international streaming, with a market opportunity nearly six times the U.S., as supporting its new $900 price target. Netflix price targets are being raised around the Street following the company's Q1 results. Cantor took its target up to $580, Citigroup $584 and Needham $600. FBR at $900 is an outlier.
07:02 EDTMROMarathon Oil management to meet with UBS
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06:52 EDTNFLXNetflix price target raised to $580 from $500 at Cantor
Cantor increased its price target on Netflix as the firm thinks the company reported "very strong" Q1 results. The firm notes that Netflix's subscriber results and Q2 subscriber guidance exceeded expectations. It keeps a Buy rating on the shares.
06:09 EDTNFLXNetflix price target raised to $584 from $525 at Citigroup
Citigroup analyst Mark May raised his price target for Netflix shares to $584 saying the company posted "strong" Q1 results with a "favorable" outlook. May says both the streaming service's domestic and international subscriber growth exceeded expectations. Both segments benefited from original programming content that has been well received, May states. He views the Q1 results as evidence that Netflix is disrupting video viewing habits and keeps a Buy rating on the name. Shares of the company are up $57.81 to $533.27 in premarket trading following the last night's earnings report.
April 15, 2015
18:56 EDTNFLXOn The Fly: After Hours Movers
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18:43 EDTNFLXNetflix CEO Hastings backs target of 60M-90M U.S. subscribers
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18:36 EDTNFLXNetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
16:16 EDTNFLXNetflix sees shifting some U.S. marketing budget to international in Q2
Netflix stated in its Q1 investor letter: "In 2015, we expect to run ahead of our US contribution margin growth target of 200 bps/year on average because a greater share of global and original content costs will be absorbed by existing and new international territories as we continue to expand globally, since we allocate global content costs by geography. In addition, starting in Q2 we intend to shift some of our US marketing budget to international to take advantage of the substantial available growth opportunities. This, in the short term, drives down international contribution profits and drives up US contribution profits. We are still targeting 40% contribution margin in the US in 2020."
16:12 EDTNFLXNetflix jumps 12.5% to $534.88 after Q1 member additions top forecast
16:11 EDTNFLXNetflix sees recommending stock split to board
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16:10 EDTNFLXNetflix sees Q2 net additions of 2.5M members
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16:08 EDTNFLXNetflix reports adding 2.3M new members in U.S. in Q1
In the U.S., Netflix gained 2.3M new members, "well above" its expectation of 1.8M due to both acquiring and retaining more members than forecast. Internationally, it added 2.6M members versus a forecast of 2.25M due to stronger growth than expected across a number of markets. "We think strong US growth benefited from our ever-improving content, including the launch of the third season of House of Cards and new shows Unbreakable Kimmy Schmidt and Bloodline," the company said.
16:07 EDTNFLXNetflix reports 4.9M members added in Q1
Netflix said it added a record 4.9M new members globally in Q1, against its forecast of 4.1M and prior year of 4.0M, bringing its total global streaming membership to 62.3M.
16:05 EDTNFLXNetflix sees Q2 EPS 26c, consensus 90c
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16:05 EDTNFLXNetflix reports Q1 EPS 38c, consensus 69c
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14:34 EDTNFLXNetflix April 475 straddle priced for 9.4% movement into Q1
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13:53 EDTNFLXNetflix April volatility elevated into Q1 and outlook
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13:18 EDTNFLXNetflix technical commentary ahead of earnings
Ahead of results the stock is trading relatively close, on a percentage basis, to its 52-week high and life high at $489.28. The technical disposition of the stock has always been somewhat problematic given the large number of discontinuities, gaps, on the chart. Despite an extreme valuation, sentiment in the stock has not wavered from strongly bullish, leaving the more than 8.5% of shares short in the float vulnerable to squeezes. That in large measure has been the source of the discontinuities on the chart. In the past few months the stock has largely traded in a wide range of $400 at the low and $480 at the high. Breaks of either end of this range are likely to determine how shares trade post-earnings. On a move above $480 and the life high at $489.29 there is no resistance. If the upward trend from April 2013 until early March 2014 is projected forward in time, a price objective of $560 might be possible on very bullish news or outlook. But the move could be even stronger than that based on previous extreme reactions to earnings news. If the news disappoints with a bearish outlook relative to very high expectations in the name, the low at $400 could easily be tested. Below that support, the next downside objective could be at the $380 to $375 area. This has previously been a zone of support and resistance. A move to these levels would break the long-term uptrend which has paused for the last 13 months. A slow migration down to the $300 area might then be possible over time. That level has previously been important support for the stock. It along with the $480 level constitutes a large scale rectangle of a trading range from March 2014 onward which is best seen on a 5-year chart.
12:39 EDTNFLXEarnings Watch: Netflix shares trading up 35% since last earnings report
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12:33 EDTZIOPStocks with call strike movement; ZIOP AVP
Ziopharm (ZIOP) October 14 call option implied volatility increased 8% to 97, Avon Products (AVP) July 11 call option implied volatility decreased 2% to 57 according to IVolatility.
10:00 EDTSTRZAOn The Fly: Analyst Initiation Summary
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09:35 EDTNFLXActive equity options trading on open
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09:22 EDTSTRZAStarz initiated with a Buy at Deutsche Bank
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09:03 EDTNFLXNetflix collaborates with Silverback Films and WWF for 'Our Planet'
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07:34 EDTMROMarathon Oil management to meet with UBS
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05:51 EDTZIOPStocks with implied volatility movement; ZIOP MNKD
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April 14, 2015
16:00 EDTNFLXOptions Update; April 14, 2015
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11:36 EDTZIOPZiopharm cancels out of two meetings, Bloomberg reports
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09:35 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:11 EDTNFLXDISH says Netflix now availble to Joey clients
DISH (DISH) announced that it began making Netflix (NFLX) available on Hopper’s accompanying Joey units for second, third and fourth-room viewing. With this update, DISH becomes the first major U.S. pay-TV provider to offer its customers a whole-home Netflix experience, the company said. The Joey launch follows the launch of the Netflix app on its second-generation Hopper DVR in December, DISH noted. DISH also said it became the first pay-TV provider to offer Vevo, which gives customers access to more than 140,000 music videos from their TV. The new Vevo app begins rolling out to DISH’s second-generation Hopper today.
08:57 EDTNFLXNetflix price target raised to $530 from $450 at Canaccord
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08:18 EDTNFLXNetflix April volatility elevated into Q1 and outlook
Netflix April call option implied volatility is at 106, May is at 51, June is at 40; compared to its 26-week average of 36 according to Track Data, suggesting larger price movement into the expected release of Q1 results on April 15.
06:06 EDTNFLXNetflix price target raised to $487 from $360 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Netflix shares to $487 from $360 after analyzing the company's total addressable market and potential penetration through 2020. Olson has a "relatively more positive bias" on Netflix after his analysis suggested the company's earnings growth from 2016-2020 will average around 50%. He keeps a Neutral rating on Netflix, however, encouraging investors to take advantage of entry points closer to $400. Olson slightly reduced his 2016 earnings estimates for the company to reflect its continued investments ahead of a "material" earnings growth phase. UBS yesterday upgraded Netflix to Buy from Neutral with a $565 price target. Shares of the streaming service closed yesterday up $20.11 to $474.68.
April 13, 2015
16:01 EDTNFLXOptions Update; April 13, 2015
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10:00 EDTMRO, NFLXOn The Fly: Analyst Upgrade Summary
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09:34 EDTNFLXActive equity options trading on open
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09:20 EDTNFLXOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
09:19 EDTNFLXNetflix rises following upgrade
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08:53 EDTMROMarathon Oil upgraded at BofA/Merrill
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07:14 EDTMROMarathon Oil management to meet with UBS
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06:46 EDTMROMarathon Oil upgraded to Buy from Neutral at BofA/Merrill
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06:40 EDTNFLXNetflix upgraded to Buy from Neutral at UBS
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