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December 26, 2012
12:10 EDTAMZN, LTD, COH, SHLD, MED, NFLX, GPS, JWN, M, GOL, URBN, KORS, SKSOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite a report that indicated U.S. home prices rose more than forecast in October. Volume is light due to the holiday, but also because investors are still anxiously seeking a resolution to the fiscal cliff standoff in Washington... ECONOMIC EVENTS: In the U.S., the S&P/Case-Shiller index of property values in 20 cities increased 4.3% in October from a year ago, versus expectations for a 4% gain. The Richmond Fed December manufacturing survey fell to 5 from a prior reading of 9. Analysts had forecast a drop to a reading of 8. In Europe, most markets were closed. Asian markets, particularly Japan's, traded broadly higher for a second-straight session, as the official appointment of Shinzo Abe as Japan's prime minister continued to drive down the Yen and lift Tokyo-traded share prices... COMPANY NEWS: Retail and apparel makers' stocks slid after reports indicated that holiday sales were likely weaker than expected. MasterCard's SpendingPulse unit estimated that retail sales from October 28 through Christmas Eve increased just 0.7% from a year ago. Separate data from retail consulting firm Customer Growth Partners estimated sales rose about 2.8%, which would make this the worst holiday-shopping season since 2009. Among the stocks performing significantly worse than their respective averages were Macy’s (M), Sears (SHLD), Saks (SKS), Nordstrom (JWN), Coach (COH), Michael Kors (KORS), Gap (GPS), Limited (LTD) and Urban Outfitters (URBN)... Netflix‘s (NFLX) streaming video service suffered an outage on Christmas Eve, which the company blamed on technical problems at Web service provider Amazon.com (AMZN)... MAJOR MOVERS: Among the notable gainers was GOL Linhas (GOL), a low-cost airline in Latin America which saw its U.S. listed shares rise 10% after the company announced late Friday that it has segregated the activities of its "Smiles" loyalty program, a business unit it previously said may be put up for an initial public offering. Also higher were shares of Herbalife (HLF), up over 6% after the Wall Street Journal said the company has hired a prominent law firm to assist in its fight with investor Bill Ackman. Among the noteworthy losers was Medifast (MED), down nearly 12% after the company's acting CFO resigned... INDICES: Near noon, the Dow was down 45.94, or 0.35%, to 13,093.14; the Nasdaq was down 21.00, or 0.70%, to 2,991.60; and the S&P 500 was down 7.93, or 0.56%, to 1,418.73.
News For M;SHLD;SKS;JWN;COH;KORS;GPS;LTD;URBN;NFLX;AMZN;GOL;MED From The Last 14 Days
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March 17, 2015
07:12 EDTNFLXConcerns over Netflix competition overblown, says Stifel
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05:50 EDTNFLXStocks with implied volatility movement; DD NFLX
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March 16, 2015
16:28 EDTNFLXOn The Fly: Closing Wrap
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16:00 EDTAMZNOptions Update; March 16, 2015
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10:44 EDTAMZN, NFLXNetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:28 EDTNFLXOptions with increasing implied volatility
Options with increasing implied volatility: PVA NFLX BMRN DNOW MYL TEVA PEP GE
10:14 EDTURBNOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC
10:02 EDTNFLX, GOLOn The Fly: Analyst Downgrade Summary
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09:37 EDTNFLXActive equity options trading on open
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09:15 EDTGOLGOL Linhas downgraded to Market Perform at Raymond James
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07:52 EDTNFLXNetflix downgraded at Evercore ISI
As previously reported, Evercore ISI downgraded Netflix to Sell from Hold. The firm downgraded shares and reduced its price target to $380 from $450 due to increasing competition among existing and emerging distributors combined with content providers who are becoming increasingly leveraged to new channels through OTT offerings of their own. Evercore ISI believes intensifying competition will necessitate increased investment with uncertain returns and lowered estimates.
07:09 EDTGOLGOL Linhas downgraded to Market Perform from Outperform at Raymond James
06:16 EDTNFLXNetflix downgraded to Sell from Hold at Evercore ISI
March 13, 2015
17:11 EDTNFLX, AMZNSony Pictures TV nears streaming video deal for Seinfeld, WSJ reports
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16:01 EDTAMZN, NFLXOptions Update; March 13, 2015
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14:25 EDTKORSMichael Kors volatility at low end of historic range
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10:37 EDTURBNOptions with decreasing implied volatility
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10:34 EDTAMZNApple joins data center group with Facebook, Microsoft, The Information says
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09:50 EDTAMZNActive equity options trading on open
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06:03 EDTAMZNStocks with implied volatility below IV index mean; AMZN QCOM
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