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Stock Market & Financial Investment News

News Breaks
March 31, 2014
13:33 EDTIMAX, RGC, CNK, CKEC, AMCIMAX climbs after JPMorgan recommends buying shares
Shares of IMAX (IMAX) rising after JPMorgan recommended buying the stock following its recent decline. WHAT'S NEW: After meeting with IMAX's management, JPMorgan thinks the stock has reached an attractive entry point after dropping 11% in 2014, prior to today's open. Investing in IMAX is the best way to benefit from what should be a strong year for movies in 2015, the firm contended. IMAX is poised to benefit from its focus on the largest films, and from strong demand for movies in China and other emerging markets, the firm predicted. JPMorgan increased its first quarter estimates for IMAX, citing strong performances by "Noah," "Captain America," and "Need for Speed." JPMorgan reiterated an Overweight rating on IMAX. WHAT'S NOTABLE: Other movie theater operators include Regal Entertainment (RGC), Cinemark (CNK), Carmike (CKEC), and AMC (AMC). PRICE ACTION: In mid-afternoon trading, IMAX rose 88c, or 3.3%, to $27.20.
News For IMAX;RGC;CNK;CKEC;AMC From The Last 14 Days
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September 18, 2014
08:32 EDTAMCAMC Entertainment increasing CY14 authorized CapEx by approx. $39M
Due to continuing improvement in operating results at theatres where AMC Entertainment Holdings has deployed strategic initiatives, the company’s Board of Directors announced today it is increasing calendar year 2014 authorized capital expenditures by approximately $39M to accelerate the rollout of its on-going customer experience initiatives. The additional capital will support AMC’s strategic focus on more guest comfort and convenience, enhanced food and beverage, and premium sight and sound. The approximately $39M represents a nearly 20% increase from the estimated $200M in planned net cash outlays in 2014. Actual total capital spending for 2014 will be approximately $265M-$285M, before expected landlord contributions of $35M-$55M. The company does not expect the capital spending acceleration to impact its anticipated 2014 Adjusted EBITDA or its quarterly dividend, but does expect the theatres benefiting from the accelerated investment to be better positioned to capitalize on the anticipated improvements in the 2015 film line up.
07:32 EDTIMAXMKM Partners to hold a conference
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September 17, 2014
15:24 EDTAMCAMC Entertainment management to meet with MKM Partners
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07:34 EDTIMAXIMAX and China's Stellar Cinemas expand agreement with four new IMAX theaters
IMAX and SMI Corporation, a Chinese entertainment and media company that operates theatres under the name Stellar Cinemas, are expanding the parties' revenue sharing arrangement with the addition of four new IMAX theatres in China. The deal brings the exhibitor's total IMAX commitment to 11 theatres.
September 16, 2014
07:27 EDTIMAXBofA/Merrill to hold a conference
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September 15, 2014
09:59 EDTAMCOn The Fly: Analyst Upgrade Summary
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07:12 EDTIMAXIMAX remains a top exhibitor pick into 2015 at B. Riley
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06:34 EDTAMCAMC Entertainment upgraded to Overweight from Equal Weight at Barclays
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September 9, 2014
10:10 EDTAMCOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Hold at Topek... AMRI (AMRI) initiated with an Overweight at JPMorgan... Alcoa (AA) initiated with an Outperform at Bernstein... Alumina (AWC) initiated with a Market Perform at Bernstein... American Airlines (AAL) initiated with an Outperform at Credit Suisse... Catalent (CTLT) initiated with a Buy at BofA/Merrill... Chimerix (CMRX) initiated with a Buy at Cantor... Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse... Enable Midstream (ENBL) initiated with an Outperform at BMO Capital... Enbridge Energy (EEP) initiated with a Market Perform at BMO Capital... Endocyte (ECYT) initiated with a Buy at Cantor... EnerNOC (ENOC) initiated with an Outperform at Pacific Crest... Enterprise Products (EPD) initiated with an Outperform at BMO Capital... Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital... JetBlue (JBLU) initiated with an Underperform at Credit Suisse... Kinder Morgan Energy (KMP) initiated with a Market Perform at BMO Capital... MEI Pharma (MEIP) initiated with a Buy at Cantor... ONEOK Partners (OKS) initiated with a Market Perform at BMO Capital... Southwest (LUV) initiated with a Neutral at Credit Suisse... Spectra Energy Partners (SEP) initiated with an Outperform at BMO Capital... TC PipeLines (TCP) initiated with a Market Perform at BMO Capital... TECO Energy (TE) initiated with a Neutral at Citigroup... Targa Resources Partners (NGLS) initiated with a Market Perform at BMO Capital... United Continental (UAL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with a Buy at T.H. Capital... Williams Partners (WPZ) initiated with a Market Perform at BMO Capital.
September 8, 2014
16:31 EDTAMCAMC Entertainment initiated with a Hold at Topeka
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