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Stock Market & Financial Investment News

News Breaks
May 13, 2014
06:33 EDTMA, VZ, MDLZ, PUBGYMajor advertisers shifting TV ad dollars to web video, WSJ reports
Major advertisers including MasterCard (MA), Verizon Wireless (VZ) and Mondelez (MDLZ) have moved some of the money they previously spent on TV over to online outlets in the past year, the Wall Street Journal reports. Publicis (PUBGY)-owned Starcom MediaVest says it shifted over $500M out of TV over the last year, 75% of which went to online outlets. Reference Link
News For MA;VZ;MDLZ;PUBGY From The Last 14 Days
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July 22, 2014
07:25 EDTVZVerizon down 1.4% after reporting Q2 results
06:37 EDTVZVerizon backs FY14 investments of $16.5B-$17B
Verizon continues to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline.
06:35 EDTVZVerizon reports Q2 adjusted EPS 91c, consensus 90c
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06:19 EDTPUBGYPublicis says might miss FY sales growth target, WSJ reports
Maurice Levy, the CEO of Publicis, says the company may not be able to achieve its FY sales growth target of 4% or more organic revenue growth, the Wall Street Journal reports. Levy says the group's performance has been affected by teams "at times being distracted" by plans to merge with Omnicom (OMC). Publicis and Omnicom called off their proposed $35B merger in May. Reference Link
July 21, 2014
15:30 EDTVZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
14:30 EDTVZEarnings Preview: Verizon CEO says 1.4M postpaid subscribers added in Q2
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 22, with a conference call scheduled for 7:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 90c on revenue of $31.12B, according to First Call. The consensus range for EPS is 86c-93c on revenue of $30.84B-$31.35B. LAST QUARTER: Verizon reported first quarter adjusted EPS of 84c against estimates for 87c on revenue of $30.8B against estimates for $30.7B. For Q1, the company reported adding 549,000 net retail connections, including 539,000 net retail postpaid connections. It reported retail postpaid churn of 1.07%, 103.3M total retail connections, and 97.3M total retail postpaid connections. Consumer ARPU was up 11.3% year over year. It reported 98,000 FiOS Internet and 57,000 FiOS Video net additions in the quarter. Verizon said it continued to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline. On July 10, during an interview on CNBC, CEO Lowell McAdam said the company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. McAdam added that Q2 churn was "very good" with margins consistent with the past several quarters. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q2 earnings report. On May 22, Verizon was initiated with an Outperform at Bernstein with a price target of $57. On July 1, Verizon was initiated with a Buy at BTIG and a price target of $60. On July 18, Oppenheimer added Verizon to its Triple Play list. The firm said its Triple Play stocks are rated Outperform, screen positively based on trends in earnings revisions, and have an attractive technical profile. PRICE ACTION: Verizon shares have gained approximately 10% following the company's Q1 report. However, over the past twelve months, they are up only about 1%. In afternoon trading ahead of Tuesday's Q2 report, Verizon’s shares are flat.
13:36 EDTMASmartMetric files patent infringement suit against Visa, MasterCard
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12:56 EDTVZVerizon launches rewards program for wireless customers
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09:38 EDTVZActive equity options trading on open
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July 20, 2014
16:08 EDTMDLZMondelez, D.E Master consider brand sales as coffee pact looms, Reuters says
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July 18, 2014
18:12 EDTMAVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
15:42 EDTVZVerizon July weekly volatility elevated into Q2
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14:25 EDTMAVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
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08:38 EDTVZVerizon added to Triple Play list at Oppenheimer
Oppenheimer added Verizon (VZ) to its Triple Play list. The firm says its triple play stocks are rated Outperform, screen positively based on trends in earnings revisions and have an attractive technical profile. The firm removed Riverbed (RVBD) from the list after it downgraded that stock.
05:57 EDTVZLevel 3 says Verizon 'deliberately' causing Netflix congestion
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July 17, 2014
11:01 EDTVZVerizon Wireless, ControlTec announce partnership
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07:37 EDTMAVisa MasterCard underperformance creates buying opportunity, says Oppenheimer
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July 16, 2014
14:03 EDTVZNetflix submits FCC comments on proposed Net Neutrality rules
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13:05 EDTVZVerizon, Comcast, AT&T viwed as 'logical' Time Warner bidders, Bloomberg says
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12:42 EDTVZTime Warner said to see Verizon,Comcast, AT&T as logical bidders, Bloomberg says
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