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Stock Market & Financial Investment News

News Breaks
July 17, 2012
11:53 EDTTWX, IMAXEstimates for "Dark Knight Rises" increased at Piper Jaffray
Following a call with a film tracking firm, Piper Jaffray thinks its previous box office expectations for Time Warner's (TWX) "Dark Knight Rises" may have been too conservative. Piper thinks IMAX (IMAX) is in-line to be the biggest beneficiary if the film succeeds and the firm raised its IMAX global forecast for the movie to $110M from $100M.
News For IMAX;TWX From The Last 14 Days
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December 22, 2014
10:01 EDTTWXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Networks (AMCX) initiated with an Outperform at Pacific Crest... AMSC (AMSC) initiated with an Outperform at Cowen... Allied Nevada Gold (ANV) initiated with a Buy at H.C. Wainwright... Axalta Coating (AXTA) initiated with a Buy at Deutsche Bank... Brown Shoe (BWS) initiated with a Hold at Jefferies... C.R. Bard (BCR) initiated with a Market Perform at Wells Fargo... CDK Global (CDK) initiated with a Market Perform at Barrington... Coach (COH) initiated with a Neutral at Mizuho... Discovery (DISCA) initiated with a Sector Perform at Pacific Crest... Earthstone Energy (ESTE) initiated with a Buy at Wunderlich... Energous (watt) initiated with a Buy at Roth Capital... Helix Energy (HLX) initiated with an Accumulate at Tudor Pickering... Hortonworks (HDP) initiated with an Outperform at JMP Securities... Macquarie Infrastructure (MIC) initiated with an Overweight at JPMorgan... Matrix Service (MTRX) initiated with a Buy at Sidoti... Michael Kors (KORS) initiated with a Neutral at Mizuho... Orbitz (OWW) initiated with a Neutral at Macquarie... PRA Health (PRAH) initiated with an Outperform at William Blair... PolyOne (POL) initiated with a Buy at SunTrust... STORE Capital (STOR) initiated with a Neutral at Credit Suisse... Scripps Networks (SNI) initiated with a Sector Perform at Pacific Crest... Shoe Carnival (SCVL) initiated with a Hold at Jefferies... Southwestern Energy (SWN) initiated with a Neutral at SunTrust... Starz (STRZA) initiated with a Sector Perform at Pacific Crest... TASER (TASR) initiated with an Outperform at Oppenheimer... Time Warner (TWX) initiated with an Outperform at Pacific Crest... Travelzoo (TZOO) initiated with a Neutral at Macquarie... Twitter (TWTR) initiated with a Buy at Argus.
06:27 EDTTWXTime Warner initiated with an Outperform at Pacific Crest
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December 21, 2014
17:15 EDTTWXWarner Bros' ‘The Hobbit’ prevails at weekend box office, Bloomberg says
“The Hobbit: The Battle of the Five Armies,” from Warner Bros. (TWX) topped Sony's (SNE) remake of “Annie” and 21st Century Fox's (FOX, FOXA) The “Night of the Museum” this weekend, says Bloomberg. The action-fantasy from Warner Bros.brought in $56.2M in weekend sales, added Bloomberg. Reference Link
December 18, 2014
10:19 EDTIMAXSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
07:23 EDTIMAXIMAX and RealD could benefit from The Interview cancellation, says B. Riley
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December 16, 2014
08:29 EDTTWXComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
06:36 EDTTWXAmazon says HBO GO now available on Fire TV
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December 12, 2014
06:17 EDTTWXTime Warner CEO talks potential mergers in media space, NY Post reports
Time Warner CEO Jeff Bewkes discussed the potential of a merger with CBS (CBS) and Viacom (VIA) at yesterday's DealBook conference, New York Post reports. Bewkes said, "They may want to be a merger partner for somebody or maybe even for themselves."Reference Link
December 11, 2014
07:49 EDTTWXThe New York Times to hold a conference
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December 10, 2014
06:03 EDTTWXHBO plans to launch web-only service in April, Fortune reports
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05:59 EDTTWXHBO CTO Berkes to exit cable network, Variety reports
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December 9, 2014
15:03 EDTTWXDiscovery Communications rises after CEO sees outperforming U.S. peers
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13:53 EDTTWXTime Warner CEO: Bundle will continue to be dominant
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07:32 EDTTWXUBS to hold a conference
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06:48 EDTTWXAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTTWXOn The Fly: Analyst Initiation Summary
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