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Stock Market & Financial Investment News

News Breaks
April 17, 2014
07:37 EDTCBS, IRMIron Mountain could be valued above $40/share with REIT, says William Blair
William Blair continues to believe the odds of REIT conversion for Iron Mountain (IRM) remain about 50/50 after shares rallied on CBS' (CBS) favorable REIT ruling. The firm thinks the rationale for the CBS ruling are likely unrelated to issues under consideration for Iron Mountain. It estimates shares of Iron Mountain could be valued above $40 with REIT approval. The firm finds the risk/reward into the decision as favorable and keeps an Outperform rating on the stock.
News For IRM;CBS From The Last 14 Days
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June 24, 2015
08:25 EDTCBSNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
June 23, 2015
13:09 EDTCBSHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link

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