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Stock Market & Financial Investment News

News For NFLX;GOOG;AMZN;DIS;NWSA;CMCSA;TWX From The Last 14 Days
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April 27, 2015
06:18 EDTDISDisney price target raised to $125 from $110 at Citigroup
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06:01 EDTGOOGGoogle's Dan Fredinburg dies in avalanche on Mount Everest, TechCrunch reports
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05:58 EDTGOOGeBay backs Google's response to EU antitrust inquiry, Financial Times says
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April 26, 2015
17:05 EDTCMCSAUniversal's 'Furious 7' leads U.S. weekend box office with $18.3M
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April 24, 2015
16:31 EDTAMZN, CMCSA, GOOGStocks finish week higher following strong tech earnings
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16:19 EDTGOOG, CMCSA, AMZNOn The Fly: Top stock stories for Friday
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16:00 EDTGOOG, AMZNOptions Update; April 24, 2015
iPath S&P 500 VIX Short-Term Futures down 21c to 20.89. Option volume leaders: AAPL AMZN PBR RIG GOOG TWTR TSLA MSFT ALTR according to Track Data.
14:28 EDTCMCSACharter seeks talks with TWC about 'friendly' merger, Bloomberg reports
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14:14 EDTCMCSATWC jumps after Bloomberg says Charter made approach
Shares of Time Warner Cable (TWC) are moving higher after Bloomberg reported that Charter Communications (CHTR) has already reached out to the cable giant to discuss a potential merger. Shares of TWC are up $7.07 to $155.83 while Charter shares are up $2.48 to $186.06. Comcast (CMCSA) today ended its bid to acquire TWC due to regulatory concerns.
12:53 EDTGOOGLuxottica says company working on new versions of Google Glass, Engadget says
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12:49 EDTCMCSA, GOOG, AMZNOn The Fly: Top stock stories at midday
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12:16 EDTCMCSATWC expected to want $170/share or more in deal, CNBC's Faber reports
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11:15 EDTDISDisney calls active on renewed Carl Icahn speculation
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11:09 EDTAMZNStreet Check: Analyst correctly said Amazon could get boost from AWS reporting
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11:03 EDTDISRumor: Disney active on renewed Carl Icahn speculation
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11:03 EDTCMCSADISH says Comcast, TWC merger termination 'best possible outcome'
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10:00 EDTAMZNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Neutral at Macquarie... Alaska Air (ALK) upgraded to Buy from Neutral at Buckingham... Amazon.com (AMZN) upgraded at Raymond James... American Electric (AEP) upgraded to Buy from Hold at Deutsche Bank... Broadridge (BR) upgraded to Buy from Hold at Evercore ISI... Cablevision (CVC) upgraded to Hold from Sell at Brean Capital... Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman... Core Laboratories (CLB) upgraded to Outperform from Sector Perform at Iberia... Crown Castle (CCI) upgraded to Outperform from Market Perform at Raymond James... Encore Wire (WIRE) upgraded to Buy from Neutral at Sidoti... Gigamon (GIMO) upgraded to Buy from Neutral at DA Davidson... Juniper (JNPR) upgraded on improved outlook at RBC Capital... KPN (KKPNY) upgraded to Buy from Neutral at Goldman... Knight Transportation (KNX) upgraded to Outperform from Market Perform at Avondale... Mattel (MAT) upgraded to Buy from Neutral at Goldman... Microsoft (MSFT) upgraded to Buy from Neutral at Nomura... Premiere Global (PGI) upgraded to Outperform from Market Perform at Raymond James... Quintiles (Q) upgraded to Buy from Hold at Jefferies... Southwestern Energy (SWN) upgraded to Market Perform at Raymond James... TE Connectivity (TEL) upgraded on positive catalysts at SunTrust... Target (TGT) upgraded to Buy from Neutral at BofA/Merrill... TriState Capital (TSC) upgraded to Overweight from Equal Weight at Stephens... United Continental (UAL) upgraded to Buy from Hold at Evercore ISI... Vipshop (VIPS) upgraded to Buy from Hold at HSBC... Vocera (VCRA) upgraded to Buy from Hold at Craig-Hallum.
09:48 EDTCMCSACharter unlikely to go hostile on Time Warner Cable, CNBC's Faber says
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09:37 EDTAMZN, GOOGActive equity options trading on open
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09:20 EDTAMZN, GOOGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: eHealth (EHTH), up 24.7%... Starbucks (SBUX), up 4.2%... Microsoft (MSFT), up 5.2%... Google (GOOG, GOOGL), up 3.2% and up 3.7%, respectively... Amazon (AMZN), up 12% after reporting quarterly results and announcing shopping app for Apple Watch... Gigamon (GIMO), up 16.5%... Juniper Networks (JNPR), up 6.6%. ALSO HIGHER: Molycorp (MCP), up 10.2% following a Bloomberg report that China's export tax decision may boost rare earth demand... Mattel (MAT), up 4.4% after being upgraded to Buy from Neutral at Goldman... Innocoll (INNL), up 13.1% after 3.3M share Secondary priced at $9.00... Cytosorbents (CTSO), up 9.7% after CEO comments on CytoSorb in letter to shareholders. DOWN AFTER EARNINGS: Biogen (BIIB), down 4.7%... Altera (ALTR), down 1.7%... Pandora (P), down 4%... ResMed (RMD), down 8.7%... Xerox (XRX), down 4.7%... HomeAway (AWAY), down 3.6% after reporting quarterly results and departure of officers. ALSO LOWER: Ubiquiti (UBNT), down 14.4% following CFO resignation and preliminary third quarter results... 3D Systems (DDD), down 10.4% after reporting preliminary first quarter results... StemCells (STEM), down 23.2% after filing to sell common stock... Aerie Pharmaceuticals (AERI), down 54.7% after Rhopressa Phase 3 trial did not meet primary endpoint.
09:04 EDTAMZNAmazon upgraded to Buy at Janney Capital after AWS profit 'curve ball'
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09:03 EDTAMZNAmazon.com upgraded at Raymond James
As previously reported, Raymond James upgraded Amazon.com to Outperform from Market Perform with a $485 price target. The firm upgraded shares based on improving margins, moderating expense growth, strong AWS growth, and North American and International acceleration.
08:58 EDTGOOGGoogle price target raised to $672 from $632 at FBR Capital
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08:57 EDTCMCSAAG Holder says Comcast abandoning deal 'best outcome for American consumers'
Comcast (CMCSA) abandoned its plans to acquire Time Warner Cable (TWC) for approximately $45.2B after the Department of Justice informed the companies that it had significant concerns that the merger would make Comcast an unavoidable gatekeeper for Internet-based services that rely on a broadband connection to reach consumers, the DOJ announced. "The companies' decision to abandon this deal is the best outcome for American consumers," said Attorney General Eric Holder. "The Antitrust Division of the United States Department of Justice has demonstrated, time and again, that it can and will defend the interests of the American consumer no matter the complexity of the issue or the size of the opponent. This is a victory not only for the Department of Justice, but also for providers of content and streaming services who work to bring innovative products to consumers across America and around the world."
08:51 EDTCMCSAComcast CEO says 'not speculating in any way' on other potential deals
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08:49 EDTCMCSAComcast CEO says may be room for more buyback after deal termination
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08:37 EDTCMCSAComcast up 0.5%, Time Warner Cable down 0.5% after confirming deals terminated
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08:36 EDTCMCSATime Warner Cable CEO Marcus says company 'strong and getting stronger'
08:35 EDTCMCSATime Warner Cable says company, Comcast 'mutually agreed' to terminate merger
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08:34 EDTCMCSAComcast CEO Roberts says 'excited for what's next'
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08:34 EDTCMCSAComcast: Merger with Time Warner Cable, deal with Charter terminated
08:33 EDTCMCSAComcast says 'structured deal so if government didn't agree, we could walk away'
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08:33 EDTCMCSAComcast says Time Warner Cable transaction has been terminated
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08:32 EDTCMCSAComcast says Time Warner Cable transaction has been terminated
07:49 EDTGOOGGoogle results 'on balance positive,' says Bernstein
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07:35 EDTGOOGGoogle price target raised to $670 from $625 at Deutsche Bank
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07:34 EDTAMZNAmazon.com price target raised to $465 from $425 at Baird
Baird raised its price target on Amazon.com to $465 from $425 following better than expected Q1 results. The firm noted the strong results included improved gross margins despite foreign exchange headwinds. Baird raised its price target on the stock to $465 on higher profit expectations and reiterated its Outperform rating on Amazon shares.
07:18 EDTCMCSACharter could buy Time Warner Cable, says RBC Capital
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07:18 EDTAMZNAmazon.com price target raised to $500 from $410 at Deutsche Bank
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07:14 EDTAMZNAmazon.com price target raised to $500 from $400 at RBC Capital
RBC Capital increased its price target on Amazon.com after the company reported stronger than expected Q1 results. The firm says that the company's cloud business is generating dramatically better results than it and the market had assumed. It reiterates an Outperform rating on the shares.
07:05 EDTGOOGGoogle reported healthy Q1 results, says Cantor
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07:01 EDTAMZNAmazon.com price target raised to $460 from $385 at Cantor
Cantor increased its price target on Amazon.com after the company reported stronger than expected Q1 results. The firm remains bullish on Amazon's ability to outgrow competitors and show margin leverage over time. It keeps a Buy rating on the shares.
06:50 EDTDIS, CMCSADisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
06:36 EDTAMZNAmazon.com price target raised to $460 from $430 at Citigroup
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06:30 EDTAMZNAmazon.com upgraded to Outperform from Market Perform at Raymond James
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06:30 EDTAMZNAmazon facing tough competition in cloud computing, NY Times says
Amazon (AMZN) remains dominant in cloud computing services, but other huge tech players, some of whom have many more resources than the e-commerce company, have entered the fray, according to The New York times. Microsoft (MSFT), the distant number two in the space, is especially committed to cloud computing services and its business is growing quickly, although analysts believe that tt may have difficulty signing up smaller companies, the newspaper stated. Reference Link
06:29 EDTAMZNAmazon.com upgraded to Buy from Neutral at Janney Capital
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06:25 EDTAMZNAmazon.com upgraded to Overweight from Neutral at JPMorgan
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06:22 EDTGOOGGoogle price target raised to $650 from $600 JPMorgan
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06:16 EDTGOOG, AMZNEU considers new regulator to oversee internet companies, WSJ reports
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06:08 EDTCMCSAComcast faced intense scrutiny from FCC, DOJ in Time Warner Cable deal, WSJ says
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06:04 EDTCMCSACharter's deal to buy Bright House 'off the table,' NY Post reports
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06:00 EDTGOOGHillspire acquires minority stake in D.E. Shaw group from Lehman Brothers
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05:57 EDTNFLXStocks with implied volatility below IV index mean; GE NFLX
Stocks with implied volatility below IV index mean; General Electric (GE) 16, Netflix (NFLX) 27 according to iVolatility.
05:24 EDTAMZNAmazon announces shopping app for Apple Watch
The Amazon (AMZN) shopping app will be available on Apple Watch (APPL) in Canada, China, France, Germany, Japan, U.S. and U.K. Designed for the on-the-go customer, the shopping app offers a tailored Amazon experience, offering voice search and quick tap features including 1-Click purchase and save to Wish List.
April 23, 2015
19:41 EDTTWXCablevision announces 'cord cutter package,' includes option for HBO Now
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19:29 EDTGOOGGoogle sees increased viewership, ad views at YouTube
On its Q1 earnings call, Google CFO Patrick Pichette said, "Over the past year we've seen YouTube viewership climb dramatically, both in established markets but also due to rapid expansion in emerging markets. And quality improvements in TrueView ads mean that more users are, in fact, choosing not to skip them, increasing the overall ad view. So, this means that there is much higher volume of TrueView ads being seen, which has been a significant driver of year-over-year growth in numbers that you seeing inside clicks... Viewership in YouTube videos and TrueView ads are growing significantly, and YouTube's contribution to our advertising revenue continues to grow at a strong rate year-over-year." During the Q&A portion of the call, Pichette added, "In the last quarter, we've just seen a real acceleration at YouTube and that's why we thought it was important because we saw this change, from the fundamental kind of strong performance of YouTube." In after-hours trading, Google is up more than 3% to $564.00.
19:28 EDTCMCSAComcast to make statement about merger withdrawal Friday, Financial Times says
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19:16 EDTAMZN, GOOGOn The Fly: After Hours Movers
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17:57 EDTAMZNAmazon.com up almost 6% after announcing Q1 earnings, Q2 guidance
16:57 EDTAMZNAmazon.com reports Q1 AWS revenue $1.57B
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16:49 EDTCMCSAOn The Fly: Top stock stories for Thursday
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16:09 EDTGOOGGoogle shares up $3.52 to $551.42 after Q1 results
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16:06 EDTGOOGGoogle says Q1 revenue $795M higher at constant exchange rates
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16:06 EDTAMZNAmazon.com says AWS is a $5B business 'and still growing fast'
"Amazon Web Services is a $5B business and still growing fast — in fact it’s accelerating,” said Jeff Bezos, founder and CEO of Amazon.com. “Born a decade ago, AWS is a good example of how we approach ideas and risk-taking at Amazon. We strive to focus relentlessly on the customer, innovate rapidly, and drive operational excellence. We manage by two seemingly contradictory traits: impatience to deliver faster and a willingness to think long term. We are so grateful to our AWS customers and remain dedicated to inventing on their behalf.”
16:05 EDTGOOGGoogle reports Q1 websites up 14% revenue $11.93B
Reports Q1 Google Network Members' websites revenue up 1% to $3.58B. Total advertising revenues were up 11% to $15.51B.
16:04 EDTAMZNAmazon.com sees Q2 revenue $20.6B-$22.8B, consensus $22.12B
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16:03 EDTGOOGGoogle reports Q1 Aggregate paid clicks up 13%
Reports Q1 Paid clicks on Google websites up 25% vs. last year, Paid clicks on Google Network Members' websites down 12%, Aggregate cost-per-click down 7%, Cost-per-click on Google websites down 13% and Cost-per-click on Google Network Members' websites up 2%.
16:02 EDTAMZNAmazon.com reports Q1 EPS (12c), consensus (13c)
Reports Q1 revenue $22.72B, consensus $22.39B.
16:01 EDTGOOGGoogle reports Q1 EPS $6.57, consensus $6.60
Reports Q1 revenue $17.26B, consensus $17.5B.
16:01 EDTAMZNOptions Update; April 23, 2015
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15:41 EDTCMCSAFaber says Comcast to drop deal for Time Warner Cable, CNBC reports
CNBC's David Faber is confirming a similar report from Bloomberg earlier that said Comcast (CMCSA) plans to drop its plans to buy Time Warner Cable (TWC).
15:12 EDTCMCSAComcast plans to give up on Time Warner Cable deal, Bloomberg reports
Comcast (CMCSA) plans to scrap its proposed acquisition of Time Warner Cable (TWC) amid indications that the deal is unlikely to be approved by regulators, reported Bloomberg, citing people with knowledge of the matter. An announcement regarding the deal may come as soon as tomorrow, one of the people reportedly told Bloomberg. In afternoon trading, Comcast shares are up 2.4% to $60.15, Time Warner Cable shares are up 0.6% and shares of Charter (CHTR), which has expressed interest in buying TWC if the deal gets scrapped, are up 0.4% to $185.65. Reference Link
15:02 EDTCMCSAComcast said to plan final decision today on TWC deal, Blooomberg says
15:01 EDTCMCSATime Warner Cable down 1% after Bloomberg says Comcast plans to drop deal
15:00 EDTGOOG, AMZNNotable companies reporting after market close
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14:59 EDTCMCSAComcast said to plan to give up on Time Warner Cable deal, Bloomberg says
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14:59 EDTGOOGGoogle April weekly 547 straddle priced for 4% movement into Q1
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14:28 EDTAMZNAmazon.com April weekly 24 straddle priced for 8.2% movement into Q1
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14:20 EDTGOOGEarnings Watch: Google up close to 8.5% since last earnings report
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13:12 EDTAMZNEarnings Watch: Analysts mixed on Amazon ahead of Q1 report
Amazon.com (AMZN) is expected to report first quarter earnings after the market close on Thursday, April 23 with a conference call scheduled for 5:30 pm ET. Amazon.com is an online retail company that also provides consumer electronics and cloud computing services. EXPECTATIONS: Analysts are looking for earnings per share of (13c) on revenue of $22.39B. The consensus range is (56c)-35c for EPS, and $21.74B-$22.88B for revenue, according to First Call. LAST QUARTER: Amazon.com reported fourth quarter EPS of 45c against estimates of 17c, on revenue of $29.33B against estimates of $29.67B. The company gave Q1 revenue guidance of $20.9B-$22.9B and Q1 operating income guidance of ($450M)-$50M, compared to $146M in the year-ago period. Amazon also reported worldwide paid Prime memberships increased 53% in 2014. NEWS AND STREET RESEARCH: During Amazon’s Q4 earnings conference call, CFO Thomas Szkutak said the company will look to invest in China and India. In the past quarter, an Economics Times report said the company was planning to create its own fashion and lifestyle private brands in India. RBC Capital says the company’s outlook is still positive due to significant opportunity for growth in India. UBS noted that Amazon could benefit from restructuring its China operations, making a case for Amazon to exit the country as it faces stiff competition from Alibaba (BABA) and Jd.com (JD). Amazon.com expanded its two-hour delivery program to Brooklyn, Baltimore, Miami, Austin and Atlanta. Piper Jaffray said the expansion of the program is "encouraging" and will prevent retailers from gaining mindshare from Amazon. The company announced the launch of its Amazon Giveaway tool, AWS Marketplace, new Fire TV features and greenlit five new Amazon Original series, but it plans to shut down Amazon Webstore. ChannelAdvisor said Amazon SSS was up 27% in January, 22.7% in February and 24.6% in March. In recommendations, the company’s price target was raised RW Baird after the firm assigned a standalone value of $40B-$45B to Amazon Web Services. Its price target was also raised at Citigroup due the company’s upcoming disclosure of new segment metrics. Earlier this month, Cleveland Research said its checks indicate Amazon has in-line sales growth and margin expansion that will lead to modest upside Q1 CSOI. Jefferies adds that the company’s fulfillment strategy will drive revenue growth acceleration in the medium to longer-term margin improvement with scale. Baird also said that its Amazon.com survey suggests accelerating growth trends in product selection and Prime-eligible units. Piper Jaffray said it is positive on Amazon shares because the firm believes margins will exceed expectations for the next two quarters. Ahead of the company’s Q1 earnings report, Amazon was upgraded at Monness Crespi citing a the release of results for Amazon’s Web Service segment. The firm called it a "catalytic event" outside of the company’s "standard beat-and-raise" type of report. Amazon was downgraded, however, at BGC Financial due to the negative impact of currency. BGC added that it expects the company to "sustain its investment cycle regardless of overall profitability." PRICE ACTION: Amazon.com shares have increased over 24% over the last three months. In Thursday trading ahead of the Q1 report, Amazon.com shares are down 0.35%.
13:01 EDTCMCSAOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
12:17 EDTAMZNAmazon.com technical comments ahead of earnings
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10:12 EDTCMCSACharter seen as white knight for Time Warner Cable if Comcast deal blocked
The shares of Time Warner Cable (TWC) are declining after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal. WHAT'S NEW: The FCC's staff yesterday recommended that the agency allow an administrative law judge to decide whether Comcast's proposed takeover of Time Warner Cable should be allowed to proceed, according to The Wall Street Journal. Such a move by the FCC would be seen as a strong sign that the agency does not believe that the takeover is in the public interest, the newspaper stated. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Mike McCormack upgraded time Warner Cable to Buy from Hold. Assuming the Comcast deal is going to close, Time Warner Cable's stock is worth $193, McCormack wrote. But, even in the unlikely event that the deal is not approved, Charter Communications is likely to step in and buy Time Warner Cable at a similar valuation as that which Comcast agreed to, McCormack predicted. An acquisition by Charter would face less regulatory risk than the Comcast deal, he added. Moreover, if the Comcast deal,is vetoed, Time Warner Cable could return up to $7B of cash to shareholders before holding talks with Charter, wrote the analyst, who set a $193 price target on Time Warner Cable. WHAT'S NOTABLE: John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter would look to buy Time Warner Cable if its deal with Comcast falls through. PRICE ACTION: In early trading, Time Warner Cable slipped fractionally to $149.30, Comcast rose 2% to $60 and Charter gained 0.4% to $185.70.
10:01 EDTAMZNAmazon.com April weekly volatility elevated into Q1 and outlook
Amazon.com April weekly call option implied volatility is at 163, May is at 50, June is at 37, July is at 34; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 23.
09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB PBR TWTR AA COST TSLA AMZN TXN BAC
09:18 EDTCMCSAOn The Fly: Pre-market Movers
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09:09 EDTGOOGCheetah Mobile obtains worlwide Google Play distribution rights for Tap Titans
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08:50 EDTCMCSAComcast volatility flat with uncertainty of completion of Time Warner Cable deal
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08:08 EDTAMZNAmazon.com April weekly volatility elevated into Q1 and outlook
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07:29 EDTCMCSAJefferies ups Time Warner Cable to Buy, sees Charter as potential bidder
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07:11 EDTGOOGGoogle April weekly volatility elevated into Q1 and outlook
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06:25 EDTAMZNAcacia Research subsidiaries enters into settlement agreement with Amazon
Saint Lawrence Communications LLC and Saint Lawrence Communications GMBH, subsidiaries of Acacia Research (ACTG), entered into a settlement and license agreement with Amazon (AMZN).
06:03 EDTAMZNAmazon to provide financial information for AWS unit today, WSJ reports
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06:01 EDTNFLXStocks with implied volatility below IV index mean; SNDK NFLX
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05:58 EDTAMZNStocks with implied volatility above IV index mean; CLDN AMZN
Stocks with implied volatility above IV index mean; Celladon (CLDN) 383, Amazon.com (AMZN) 44 according to iVolatility.
05:58 EDTCMCSAFCC staff recommends hearing on Comcast-TWC merger, WSJ reports
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April 22, 2015
17:31 EDTDIS, NFLXNetflix renews 'Daredevil' for season two, Hollywood Reporter says
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17:23 EDTAMZNNokia approaches Apple, Amazon, Facebook in sale of maps unit, Bloomberg says
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16:27 EDTTWXMattel, Warner Bros. & DC Entertainment announce partnership
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16:00 EDTAMZNOptions Update; April 22, 2015
iPath S&P 500 VIX Short-Term Futures down 22c to 21.30. Option volume leaders: AAPL TSLA TWTR MCD FB PBR AMZN KMI MYL C according to Track Data.
13:38 EDTGOOGGoogle to offer basic wireless service for $20 per month
Google says, "We offer one simple plan at one price with 24/7 support. Here's how it works: for $20 a month you get all the basics, and then it's a flat $10 per GB for cellular data while in the U.S. and abroad. 1GB is $10/month, 2GB is $20/month, 3GB is $30/month, and so on. Since it's hard to predict your data usage, you'll get credit for the full value of your unused data. Let's say you go with 3GB for $30 and only use 1.4GB one month. You'll get $16 back, so you only pay for what you use."
13:37 EDTGOOGGoogle introduces Project Fi, to partner with Sprint, T-Mobile
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10:53 EDTNFLXOptions with decreasing implied volatility
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10:02 EDTAMZNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
09:17 EDTGOOG, AMZNAmazon.com upgraded to Buy, price target raised to $450 at Monness Crespi
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08:10 EDTGOOGWix.com to benefit from Google algorithm change, says FBR Capital
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07:53 EDTAMZNAmazon.com upgraded to Buy from Neutral at Monness Crespi
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07:49 EDTAMZNAmazon.com April weekly volatility elevated into Q1 and outlook
Amazon.com April weekly call option implied volatility is at 137, May is at 48, June is at 34, July is at 32; compared to its 26-week average of 33 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on April 23.
06:39 EDTCMCSARegulators evaluating Comcast's track record, NY Times says
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06:25 EDTCMCSAFCC staff to meet with commissioners today on Comcast deal, Reuters reports
FCC staff is slated to brief the agency's commissioners later today on their review of Comcast's (CMCSA) proposed merger with Time Warner Cable (TWC), according to Reuters, which cited two unnamed sources. The staff is also slated to discuss its view of a $48B pending deal between AT&T (T) and DirecTV (DTV), the news agency quoted one of the sources as saying. Reference Link
06:23 EDTCMCSATime Warner Cable volatility up on uncertainty of completion of Comcast deal
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06:06 EDTGOOGGoogle, Facebook seek to reach billions of people without Web access, WSJ says
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06:01 EDTGOOGGoogle could launch wireless service today, WSJ reports
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April 21, 2015
18:53 EDTDIS, CMCSAFox, NBC say Verizon cable packages violate license terms, Washington Post says
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15:04 EDTCMCSAHesse as reviewer may be Comcast 'worst-case scenario,' CT Financial says
Cleveland State University Law professor Christopher Sagers said that in some ways having Renata Hesse oversee the DOJ's review of the proposed merger of Comcast (CMCSA) and Time Warner Cable (TWC) could be a “worst-case scenario” for the companies, citing her experience and reputation. If Comcast is seen as merging to thwart Time Warner Cable from launching an over-the-top streaming service, then "that’s virtually a horizontal merger" which would be a "very serious theory of harm," according to the professor. Reference Link
14:00 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: NFLX MLNX XON WUBA MEMP BMRN FTNT BPT SNDK
13:36 EDTCMCSASenators urge rejection of potential Comcast, Time Warner merger, Reuters says
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13:34 EDTDISEarnings Watch: Yahoo shares dropped more than 6.5% since last earnings report
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12:46 EDTAMZNAmazon launches online travel market with Amazon Destinations, WSJ reports
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12:42 EDTGOOGGoogle April weekly volatility increases into Q1 and outlook
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11:00 EDTAMZNStocks with call strike movement; AMZN AAPL
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10:14 EDTAMZNAmazon.com cut to Hold ahead of Q1 results at BGC Financial
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10:08 EDTAMZNAmazon.com downgraded to Hold from Buy at BGC Financial
09:37 EDTAMZNActive equity options trading on open
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05:58 EDTGOOGEU's Vestager says has 'no grudge' against Google, Re/code reports
EU Competition Commissioner Margrethe Vestager, who is leading an antitrust lawsuit against Google, says she is not holding a grudge against the search giant, Re/code reports, citing comments made during a speech at the NYU School of Law. She commented that "We have made a statement of objection lining out our preliminary view on a certain conduct... This, as we see it, is a pretty straightforward case of consumer domination." Reference Link
April 20, 2015
17:04 EDTDISOn The Fly: Top stock stories for Monday
Stocks on Wall Street were higher for the day, beginning the session sharply higher and remaining in positive territory throughout. China’s central bank announced a reduction in bank reserve requirements in an effort to increase liquidity and spur economic growth within the country. Following the open, the market moved in a relatively narrow range as investors await the latest round of earnings reports for one of the season's heavier weeks. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index came in at 0.42 versus expectations for positive 0.1. In Asia, the People's Bank of China lowered its reserve requirement ratio, by 1 percentage point, the lowest since the financial crisis. Despite this, the Shanghai Composite Index fell 1.6% because regulators had already begun curbing speculative trading on Friday. COMPANY NEWS: Morgan Stanley (MS) advanced 0.57%, or 21c, to $36.96 after reporting earnings prior to the market open. The bank beat on both EPS and revenue, and also raised its dividend to 15c from 10c. CEO James Gorman was pleased with the quarter and cited growth across the majority of the company's operations. MAJOR MOVERS: Among the notable gainers was Hasbro (HAS), which rose 12.55% to end the session at $74.16 after reporting EPS and revenue in excess of analyst expectations. During its earnings conference call, the company appeared confident on its 2015 offerings which include Disney (DIS) Princess and Frozen product lines. Also higher was Rovi (ROVI), gaining 8.64% to close the day at $19.11 after renewing its licensing and program guide agreement with Charter (CHTR). Among the noteworthy losers was Caesars Entertainment (CZR), tumbling 17.01% to $10 after failing to reach an agreement on its restructuring. Also lower were a number of medical companies involved in the development of CAR-T cancer therapies, including Kite Pharma (KITE), Juno Therapeutics (JUNO), blue bird bio (BLUE), and ZIOPHARM Oncology (ZIOP). The drop followed disappointing, small-scale studies presented during the annual meeting of the American Association for Cancer Research. INDEXES: The Dow rose 208.63, or 1.17%, to 18,034.93, the Nasdaq advanced 62.79, or 1.27%, to 4,994.6, and the S&P 500 gained 19.22, or 0.92%, to 2,100.4.
16:01 EDTAMZN, NFLXOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
12:08 EDTNFLXTiming of Rovi renewal with Charter a plus, says JPMorgan
JPMorgan said the timing of the closing of Rovi's (ROVI) renewal of its IP and programming guide agreement with Charter (CHTR) is advantageous given Rovi's other impending renewals and should give some confidence that large service provider renewals don't hinge on the outcome of the company's court case with Netflix (NFLX). However, the firm added that it would not be surprised to see more volatility in Rovi shares if court rulings favor Netflix and it kept a Neutral rating on the stock.
10:11 EDTNFLXOptions with decreasing implied volatility
Options with decreasing implied volatility: BPT WETF NFLX BMRN SNDK STX TSM MAT FAST INTC
09:52 EDTCMCSA, NFLXRovi deal with Charter a 'material' positive, says Piper Jaffray
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09:36 EDTNFLXActive equity options trading on open
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08:21 EDTGOOGTesla almost sold to Google while near bankruptcy in 2013, Bloomberg says
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08:15 EDTTWXIMAX and Warner Bros. announce multi-picture agreement
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08:12 EDTGOOGGoogle April weekly volatility elevated into Q1 and outlook
Google April weekly call option implied volatility is at 38, May is at 26, June is at 24; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 23.
08:04 EDTGOOGTesla CEO held talks to sell company to Google in 2013, Bloomberg reports
Bloomberg cites a new book due out May 19, entitled "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future."
07:56 EDTCMCSACharter would pursue Time Warner if Comcast deal blocked, says UBS
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07:48 EDTAMZNAmazon.com April weekly volatility elevated into Q1 and outlook
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07:24 EDTGOOGGoogle concerns bring buying opportunity, says Deutsche Bank
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06:41 EDTGOOGGoogle EU regulatory worries don't warrant a sell off, WSJ says
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06:39 EDTCMCSADOJ lawyers leaning towards recommending block of Comcast deal, NY Times says
The Justice Department's staff lawyers are leaning towards recommending that Comcast's (CMCSA) takeover of Time Warner Cable (TWC) be blocked, according to The New York Times, which cited an unnamed source. Reference Link
06:03 EDTDISESPN raises objections to Verizon FiOS TV packages, WSJ reports
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05:55 EDTCMCSAStocks with implied volatility movement; RSX CMCSA
Stocks with implied volatility movement; Market Vectors Russia ETF (RSX) 40, Comcast (CMCSA) 25 according to iVolatility.
April 19, 2015
15:24 EDTCMCSAComcast's 'Furious 7' leads U.S. weekend box office with $29.1M
For the weekend of April 19, Universal's (CMCSA, CMCSK) "Furious 7" topped domestic box office charts at $29.1M. Sony's (SNE) "Paul Blart: Mall Cop 2" landed in second place with $24M for the weekend while Universal's "Unfriended" came in third with $16M. Fox's (FOX, FOXA) "Home" and "The Longest Ride" took fourth and fifth place at $10.3M and $6.8M, respectively. Data gathered by Rentrak.
14:23 EDTNFLXNetflix stock may see pressure as content costs rise, Barron's says
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12:23 EDTCMCSATime Warner Cable, Comcast set to meet with DoJ, WSJ says
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April 17, 2015
16:31 EDTCMCSA, NFLX, GOOGStocks end week lower amid earnings reports, fear about Greece, China
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16:24 EDTCMCSAOn The Fly: Top stock stories for Friday
Stocks on Wall Street began the session deep in negative territory and remained there throughout the day. The losses were broad based, with the S&P 500 losing 1% and the Dow and Nasdaq each sliding about 1.5%. There was little in the way of buying, as the number of declining stocks dwarfed the number of advancing stocks. Fears about Greece exiting the euro, steps taken by securities regulators in China and inflation data here at home were all pointed to as potential contributors to the down day in the market. The slide also coincided with the expiration of options, which can lead to volatility and heavy volume. ECONOMIC EVENTS: In the U.S., the headline Consumer Price Index rose 0.2% in March, versus expectations for it to be up 0.3%. The "core" rate, excluding food and energy prices, rose 0.2%, as expected. The leading economic index rose 0.2% to 121.4 in March, versus expectations for it to be up 0.3%. The University of Michigan consumer sentiment index jumped 2.9 points to 95.9 in the preliminary print for April, topping expectations for a 94.0 reading. In China, announcements by Chinese securities regulators, the Shanghai and Shenzhen stock exchanges, and related bodies raised fears of a selloff in China. The China Securities Regulatory Commission imposed sanctions to try to control margin buying of stocks with borrowed money and the Securities Association of China said it will allow fund managers to lend stocks for short selling to increase the supply of shares. In Europe, strategists reportedly said a lack of progress in negotiations between Greece and its creditors had substantially increased the risk of Greece defaulting on its debt and even exiting the euro. COMPANY NEWS: Shares of both Comcast (CMCSA) and Time Warner Cable (TWC) dropped after Bloomberg, citing sources, reported that lawyers at the Justice Department’s antitrust division are leaning toward making a recommendation to file suit to block the companies' proposed merger. Spokespeople for Comcast and TWC reportedly told Bloomberg they see "no basis" for a lawsuit to block the transaction. Comcast ended the day down $1.25, or 2.09%, to $58.42, while Time Warner Cable shares slid $8.59, or 5.43%, to $149.61... First the Wall Street Journal, then Bloomberg, reported that Teva Pharmaceutical (TEVA) is internally discussing a potential takeover bid for Mylan (MYL). Shares of both moved higher following the reports, which Mylan responded to by stating that it is fully committed to its stand-alone strategy, including its proposal to acquire Perrigo (PRGO). Mylan Chairman Robert Coury said that rumors of potential interest from Teva have been "circulating for some time," but that such a combination is "without sound industrial logic or cultural fit" and would be unlikely to receive antitrust regulatory clearances. Coury added that Mylan's board would "carefully consider" a bid if any party makes an "actual offer" to acquire the company. Shares of General Electric (GE) reported a loss of $1.35 per share due to large charges related to its planned exit from the majority of its GE Capital business. Adjusting for special items, GE's operating earnings per share of 31c topped the consensus forecast by 1c. Additionally, GE said it has received "strong inbound interest" in its GE Capital assets following the company's April 10 investor update. MAJOR MOVERS: Among the notable gainers following their earnings reports were Celanese (CE), which rose $9.04, or 15.55%, to $67.18, and Mattel (MAT), which advanced $1.48, or 5.84%, to $26.75. Among the noteworthy losers after their quarterly reports were SerivceNow (NOW), which fell $9.55, or 11.53%, to $73.29, and Advanced Micro Devices (AMD), which dropped 29c, or 10.28%, to $2.58. INDEXES: The Dow declined 279.47, or 1.54%, to 17,826.30, the Nasdaq fell 75.98, or 1.52%, to 4,931.81, and the S&P 500 dropped 23.81, or 1.13%, to 2,081.18.
16:11 EDTDIS, NFLX, AMZNOptions Update; April 17, 2015
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15:28 EDTCMCSACable stocks should be bought on weakness, says FBN Securities
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14:46 EDTCMCSATime Warner Cable says no indication from DOJ that lawyer leaning against deal
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14:37 EDTCMCSAComcast announces 2 Gigabit residential service In California
Comcast announced it will launch Extreme 250, a new 250 Mbps Internet speed tier for California customers. The company also will increase its Performance tier from 50 Mbps to 75 Mbps and its Blast tier from 105 Mbps to 150 Mbps, both at no additional cost to customers. These changes will all go into effect starting in May and continue throughout the year. Gigabit Pro will be available to homes within close proximity of Comcast's fiber network and will require installation of professional-grade equipment. Comcast first announced Gigabit Pro in Atlanta earlier this month.
14:09 EDTCMCSATime Warner Cable options active on report says DOJ leaning toward lawsuit
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14:06 EDTCMCSADOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Department’s antitrust division are leaning toward making a recommendation to file suit to block Comcast’s (CMCSA) proposed purchase of Time Warner Cable (TWC), according to Bloomberg, citing people familiar with the matter. Staff attorneys could submit their review to Renata Hesse, a deputy assistant attorney general for antitrust, as soon as next week, the report added. John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter Communications (CHTR) would look to buy Time Warner Cable if its deal with Comcast falls through. Shares of Comcast are down 2.6% to $58.11 in afternoon trading after Bloomberg's report, while Time Warner Cable shares are down 5.6% to $149.30. Reference Link
14:00 EDTCMCSATime Warner Cable drops 5.5% after Bloomberg says DOJ leaning toward lawsuit
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13:57 EDTCMCSADOJ close to recommending suit to block Comcast-TWC deal, Bloomberg says
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11:20 EDTGOOGGoogle deal possible after Yahoo amends search pact with Microsoft, analyst says
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10:14 EDTNFLXOptions with decreasing implied volatility
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09:59 EDTNFLXNetflix continues its post-earnings pop, levels to watch
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09:36 EDTNFLX, AMZNActive equity options trading on open
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07:58 EDTGOOGGoogle April weekly volatility elevated into Q1 and outlook
Google April weekly call option implied volatility is at 35, May is at 26, June is at 22; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 23.
07:45 EDTAMZNEtsy multiple 'well beyond' high end of any comparable group, says Wedbush
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07:15 EDTGOOGYahoo search deal with Google could add $10/share, says Jefferies
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07:00 EDTDISDisney price target raised to $120 from $105 at Jefferies
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06:28 EDTNFLXNetflix receives better treatment from international service providers, WSJ says
International broadband providers open their networks to Netflix and integrate the app into their boxes, as opposed to U.S. providers, which are battling with the streaming video service over internet regulations, reports the Wall Street Journal. Reference Link
06:26 EDTGOOGGoogle looking to improve how users view mobile search results
Google announced in a blog post that it is rolling out a fix to improve how people view mobile search results. The company said it is updating the algorithms that display URLs in the search results "to better reflect the names of websites, using the real-world name of the site instead of the domain name, and the URL structure of the sites in a breadcrumbs-like format." Reference Link
06:17 EDTCMCSAVerizon to offer monthly custom TV plans, Reuters reports
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06:04 EDTGOOGEconomists warn of uphill battle in case against Google, Financial Times says
Economists believe that the European Commission will have an uphill battle in proving that Google's practices have harmed consumers, reports the Financial Times. Although the antitrust case is enjoying broad political support across Europe and among Google's rivals, economics professors have said “proving a company has engaged in exclusionary practices is not an easy task. This is an area of competition where it is difficult to adopt simple rules and where each case is often a special one.” Reference Link
05:57 EDTNFLXStocks with implied volatility below IV index mean; NFLX SNDK
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05:48 EDTAMZNPiper positive on Amazon.com into March quarter earnings
Piper Jaffray analyst Gene Munster is positive on shares of Amazon.com into the company's March quarter earnings report on April 23. Munster believes Amazon's margins will exceed expectations for the next two quarters, and he expects shares "will continue to work" if margins go higher. The analyst reiterates an Overweight rating on Amazon today with a $475 price target.
April 16, 2015
19:37 EDTGOOGGoogle plans $1B investment in Iowa data center, Des Moines Register says
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16:21 EDTNFLXOn The Fly: Top stock stories for Thursday
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16:02 EDTNFLXOptions Update; April 16, 2015
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12:37 EDTNFLXOn The Fly: Top stock stories at midday
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11:23 EDTNFLXStreet Check: Citi, UBS upgraded Netflix in week before earnings rally
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10:15 EDTNFLXOptions with decreasing implied volatility
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:36 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD
09:18 EDTNFLXOn The Fly: Pre-market Movers
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08:01 EDTDISJPMorgan positive on Disney into Q2 earnings report
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07:53 EDTNFLXNetflix price target raised to $625 from $509 at JPMorgan
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07:47 EDTNFLXNetflix price target raised to $610 from $483 at Oppenheimer
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07:46 EDTNFLXNetflix price target raised to $600 from $565 at UBS
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07:38 EDTNFLXNetflix price target raised to $600 from $515 at Nomura
Nomura raised Buy rated Netflix's price target to $600 based on accelerating core subscriber growth.
07:37 EDTNFLXNetflix price target raised to $650 from $535 at Stifel
Stifel increased its price target on Netflix after the company reported higher than expected global streaming subscriber growth for Q1. The firm expects the company's subscriber momentum to continue and keeps a Buy rating on the shares.
07:19 EDTNFLXOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
07:13 EDTDISDisney and Corus Entertainment sign licensing agreement in Canada
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07:13 EDTNFLXNetflix upgraded to Outperform with $900 target at FBR Capital
FBR Capital upgraded Netflix to Outperform from Market Perform and raised its price target for shares to $900 from $400. The stock in premarket trading is up $61.91 to $537.37 after the streaming service reported Q1 results last night. FBR says its survey work with ClearVoice Research revealed that domestic Netflix subscribers "love the service more than TV." The firm now believes Netflix is very likely to move towards 180M global subscribers by 2020. It sees international streaming, with a market opportunity nearly six times the U.S., as supporting its new $900 price target. Netflix price targets are being raised around the Street following the company's Q1 results. Cantor took its target up to $580, Citigroup $584 and Needham $600. FBR at $900 is an outlier.
06:52 EDTNFLXNetflix price target raised to $580 from $500 at Cantor
Cantor increased its price target on Netflix as the firm thinks the company reported "very strong" Q1 results. The firm notes that Netflix's subscriber results and Q2 subscriber guidance exceeded expectations. It keeps a Buy rating on the shares.
06:09 EDTNFLXNetflix price target raised to $584 from $525 at Citigroup
Citigroup analyst Mark May raised his price target for Netflix shares to $584 saying the company posted "strong" Q1 results with a "favorable" outlook. May says both the streaming service's domestic and international subscriber growth exceeded expectations. Both segments benefited from original programming content that has been well received, May states. He views the Q1 results as evidence that Netflix is disrupting video viewing habits and keeps a Buy rating on the name. Shares of the company are up $57.81 to $533.27 in premarket trading following the last night's earnings report.
06:08 EDTGOOGMicrosoft counceled EC in Google antitrust probe, NY Post says
Microsoft (MSFT) "complained a lot" and "definitely counseled" the European Commission in its antitrust investigation of Google (GOOG), reports the New York Post, citing a source with direct knowledge of the situation. Reference Link
April 15, 2015
18:56 EDTNFLXOn The Fly: After Hours Movers
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18:43 EDTNFLXNetflix CEO Hastings backs target of 60M-90M U.S. subscribers
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18:36 EDTCMCSA, NFLXNetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
16:27 EDTGOOGOn The Fly: Top stock stories for Wednesday
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16:16 EDTNFLXNetflix sees shifting some U.S. marketing budget to international in Q2
Netflix stated in its Q1 investor letter: "In 2015, we expect to run ahead of our US contribution margin growth target of 200 bps/year on average because a greater share of global and original content costs will be absorbed by existing and new international territories as we continue to expand globally, since we allocate global content costs by geography. In addition, starting in Q2 we intend to shift some of our US marketing budget to international to take advantage of the substantial available growth opportunities. This, in the short term, drives down international contribution profits and drives up US contribution profits. We are still targeting 40% contribution margin in the US in 2020."
16:12 EDTNFLXNetflix jumps 12.5% to $534.88 after Q1 member additions top forecast
16:11 EDTNFLXNetflix sees recommending stock split to board
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16:10 EDTNFLXNetflix sees Q2 net additions of 2.5M members
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16:08 EDTNFLXNetflix reports adding 2.3M new members in U.S. in Q1
In the U.S., Netflix gained 2.3M new members, "well above" its expectation of 1.8M due to both acquiring and retaining more members than forecast. Internationally, it added 2.6M members versus a forecast of 2.25M due to stronger growth than expected across a number of markets. "We think strong US growth benefited from our ever-improving content, including the launch of the third season of House of Cards and new shows Unbreakable Kimmy Schmidt and Bloodline," the company said.
16:07 EDTNFLXNetflix reports 4.9M members added in Q1
Netflix said it added a record 4.9M new members globally in Q1, against its forecast of 4.1M and prior year of 4.0M, bringing its total global streaming membership to 62.3M.
16:05 EDTNFLXNetflix sees Q2 EPS 26c, consensus 90c
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16:05 EDTNFLXNetflix reports Q1 EPS 38c, consensus 69c
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14:34 EDTNFLXNetflix April 475 straddle priced for 9.4% movement into Q1
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13:53 EDTNFLXNetflix April volatility elevated into Q1 and outlook
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13:18 EDTNFLXNetflix technical commentary ahead of earnings
Ahead of results the stock is trading relatively close, on a percentage basis, to its 52-week high and life high at $489.28. The technical disposition of the stock has always been somewhat problematic given the large number of discontinuities, gaps, on the chart. Despite an extreme valuation, sentiment in the stock has not wavered from strongly bullish, leaving the more than 8.5% of shares short in the float vulnerable to squeezes. That in large measure has been the source of the discontinuities on the chart. In the past few months the stock has largely traded in a wide range of $400 at the low and $480 at the high. Breaks of either end of this range are likely to determine how shares trade post-earnings. On a move above $480 and the life high at $489.29 there is no resistance. If the upward trend from April 2013 until early March 2014 is projected forward in time, a price objective of $560 might be possible on very bullish news or outlook. But the move could be even stronger than that based on previous extreme reactions to earnings news. If the news disappoints with a bearish outlook relative to very high expectations in the name, the low at $400 could easily be tested. Below that support, the next downside objective could be at the $380 to $375 area. This has previously been a zone of support and resistance. A move to these levels would break the long-term uptrend which has paused for the last 13 months. A slow migration down to the $300 area might then be possible over time. That level has previously been important support for the stock. It along with the $480 level constitutes a large scale rectangle of a trading range from March 2014 onward which is best seen on a 5-year chart.
12:39 EDTNFLXEarnings Watch: Netflix shares trading up 35% since last earnings report
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12:38 EDTGOOG, AMZNAngie's List jumps as analysts weigh in on what's next after CEO resignation
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12:30 EDTGOOGOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory for the fifth time in the past six sessions. The move came amid lower than expected manufacturing data and industrial production figures in the U.S. and a report on Chinese GDP growth that matched expectations. Although the averages remain higher near midday, the market is well off its highs as investors await the release of the Fed’s Beige Book report. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing report had a reading of -1.19, versus expectations for a 7.17 reading. Industrial production fell 0.6% in March, versus expectations for a 0.3% decline. Capacity utilization came in at 78.4% during the month, versus the 78.6% that was forecast. NAHB's homebuilder confidence index climbed to 56 in April, versus expectations for a reading of 55. The Federal Reserve is scheduled to release its Beige Book at 2 pm EDT this afternoon. In China, the nation's GDP grew at a 7.0% rate in Q1, which met expectations but was the lowest level of quarterly growth since 2009. A number of March data releases came in below expectations in China, including reports on industrial production, retail sales and fixed investments. In Europe, the European Central Bank kept interest rates unchanged. COMPANY NEWS: The European Commission announced it has opened a formal investigation of whether Google’s (GOOG, GOOGL) conduct in relation to its Android mobile operating system as well as applications and services for smartphones and tablets has breached EU antitrust rules. The Commission also sent a Statement of objections to Google alleging the company has abused its dominant position in the markets for general internet search services in the European Economic Area by favoring its own comparison shopping product in its general search results pages. For its part, Google's SVP of Google Search Amit Singhal said the company "respectfully but strongly" disagrees with the need to issue a statement of objections and looks forward to making its case... After Intel (INTC) reported results that were in-line with its preannouncement and estimated that its 2015 revenue would be roughly flat year-over-year, shares rose 4.5%. However, analysts disagreed on the company's ability to meet its revised outlook, with Wedbush upgrading the stock to Outperform from Neutral, but Citi saying that the company's guidance was too bullish and keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers was Celsion (CLSN), which gained 20% after the company announced interim data from its ongoing open-label Phase 2 DIGNITY Trial of ThermoDox in recurrent chest wall breast cancer. Also higher was gunmaker Smith & Wesson (SWHC), which gained 13% after raising its guidance, citing orders throughout its fiscal fourth quarter that have been stronger than originally anticipated. Among the noteworthy losers was Alcatel-Lucent (ALU), which dropped 19% after agreeing to merge with Nokia (NOK) in an all-share transaction that values Alcatel-Lucent at EUR 15.6B on a fully diluted basis. Also lower were shares of Precision Castparts (PCP), which fell 3% after the company issued fourth quarter guidance, said it was making headcount reductions and the stock was downgraded at DA Davidson. INDEXES: Near midday, the Dow was up 56.39, or 0.31%, to 18,093.09, the Nasdaq was up 24.52, or 0.49%, to 5,001.81, and the S&P 500 was up 9.80, or 0.47%, to 2,105.64.
10:48 EDTGOOGGoogle 'strongly' disagrees with EU Statement of Objections
In a blog post from earlier, Google's SVP of Google Search Amit Singhal said, in part: "We’ve seen similar allegations of harm from competitors in other areas. And the European Commission today confirmed that it is sending Google a Statement of Objections,SO, regarding the display and ranking of shopping results...While Google may be the most used search engine, people can now find and access information in numerous different ways -- and allegations of harm, for consumers and competitors, have proved to be wide of the mark. Any economist would say that you typically do not see a ton of innovation, new entrants or investment in sectors where competition is stagnating -- or dominated by one player. Yet that is exactly what’s happening in our world. Zalando, the German shopping site, went public in 2014 in one of Europe’s biggest-ever tech IPOs. Companies like Facebook, Pinterest and Amazon have been investing in their own search services and search engines like Quixey, DuckDuckGo and Qwant have attracted new funding. We’re seeing innovation in voice search and the rise of search assistants -- with even more to come. It’s why we respectfully but strongly disagree with the need to issue a Statement of Objections and look forward to making our case over the weeks ahead." Reference Link
10:27 EDTGOOGEU unlikely to force structural changes to Google Search, says Baird
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09:47 EDTCMCSAComcast price target raised to $84 from $70 at BofA/Merrill
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09:35 EDTNFLX, AMZNActive equity options trading on open
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09:04 EDTAMZNAmazon: Prime Instant Video to offer season one of Orphan Black for free on Fri.
Amazon announced that Prime Instant Video, the exclusive home for seasons one and two of BBC AMERICA’s Orphan Black, will offer season one of the gripping drama for free to all customers this Friday, April 17. Anyone can watch the first 10 episodes of Orphan Black at no cost using the Amazon Instant Video app for TVs, connected devices and mobile devices, or online at Amazon.com/OrphanBlack. Season three of Orphan Black will premiere Saturday, April 18, 9:00 p.m. ET on BBC AMERICA and its sister networks AMC, IFC, Sundance TV and WE TV.
09:03 EDTNFLXNetflix collaborates with Silverback Films and WWF for 'Our Planet'
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09:02 EDTDISDolby Vision to launch with Disney's Tomorrowland, Disney Pixar's Inside Out
Dolby Laboratories (DLB) and The Walt Disney Studios (DIS) announced that Disney’s Tomorrowland, in theatres May 22, 2015, and Disney•Pixar’s Inside Out, in theatres June 19, 2015, will be the first Dolby Vision titles to be shown at Dolby Cinema™ locations around the globe. In addition, Disney’s The Jungle Book, due out April 15, 2016, will also be presented in Dolby Vision, with more titles to be announced.
06:31 EDTGOOGGoogle's wireless service reportedly called 'Project Fi,' Android Police says
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06:24 EDTGOOGEU sends statement of objections to Google on comparison shopping service
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06:23 EDTGOOGEU opens formal investigation against Google regarding Android mobile OS
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06:18 EDTAMZN, GOOGApple, Google, others doubling down on European operations, WSJ reports
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April 14, 2015
20:00 EDTGOOGGoogle says EU likely to open formal investigation into Android, Re/code says
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18:27 EDTGOOGGoogle in talks to allow advertisers to target pre-existing customers, WSJ says
Google is in talks with advertisers to gain access to their customer information, allowing Google to target ads to pre-existing customers of a given company, reports the Wall Street Journal, citing people familiar with the matter. The new ads may be launched later this year or in early 2016, said the sources. Reference Link
16:00 EDTAMZN, NFLXOptions Update; April 14, 2015
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15:45 EDTGOOGEU decides to charge Google with antitrust violations, WSJ says
European antitrust head Margrethe Vestager has decided to file formal antitrust charges against Google, reports the Wall Street Journal, citing a person familiar with the matter. Sources said the decision will be announced Wednesday and was made after consulting with European Commission President Jean-Claude Juncker. The Journal notes that fines may theoretically exceed $6B.Reference Link
15:27 EDTGOOGEU decides to file formal charges against Google, Dow Jones says
13:20 EDTGOOGRecord labels lobby for better royalties from YouTube, Dailymotion, FT says
The International Federation of the Phonographic Industry alleged Tuesday that certain digital video platforms including Google's (GOOG) YouTube and Orange's (ORAN) Dailymotion are relying too much on "safe harbour" laws to avoid paying royalties to record labels, reports the Financial Times, citing statements by IFPI CEO Frances Moore. The move comes as the European Commission weighs reforming EU copyright law. The IFPI is a recording industry group that counts Sony (SNE) Music Entertainment and Vivendi's (VIVHY) Universal Music Group among its members. Reference Link
11:45 EDTAMZNAmazon fulfillment, third party strength reasons to be bullish, analysts say
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11:16 EDTAMZN, GOOGCredit Suisse's top Internet picks
Credit Suisse's top large-cap Internet picks remain Amazon.com (AMZN) for operating margin expansion and normalizing International growth, Facebook (FB) for underestimated long-term monitization potential from growing new products, and Google (GOOGL) for a slowdown in capex and narrowing of the mobile-desktop monetization gap. The firm's top small-cap picks are LinkedIn (LNKD) for the ramp of Sales Navigator and acceleration of Marketing Solutions and Yelp (YELP) because of reduced churn and increasing mobile traffic growth and ARPU.
11:01 EDTGOOGFrance may push for Google to reveal secret algorithm, Financial Times says
France is considering forcing Google to hand over its secret formula for ranking websites, reports the Financial Times. The French senate will likely pass a law this week that would allow the country's national telecoms regulator to monitor the algorithms. Reference Link
10:51 EDTGOOGGoogle to sell mobile phone plans directly to customers, The Information reports
Google (GOOG) is looking to sell mobile phone plans directly to customers while managing their calls and mobile data over a cellular network, reports The Information. According to people with knowledge of the plans, the new service is expected to run on Sprint (S) and T-Mobile (TMUS) networks. Google expected to reach deals to buy wholesale across to those carriers' networks. A launch this year seems likely. Reference Link
09:35 EDTAMZN, NFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:11 EDTNFLXDISH says Netflix now availble to Joey clients
DISH (DISH) announced that it began making Netflix (NFLX) available on Hopper’s accompanying Joey units for second, third and fourth-room viewing. With this update, DISH becomes the first major U.S. pay-TV provider to offer its customers a whole-home Netflix experience, the company said. The Joey launch follows the launch of the Netflix app on its second-generation Hopper DVR in December, DISH noted. DISH also said it became the first pay-TV provider to offer Vevo, which gives customers access to more than 140,000 music videos from their TV. The new Vevo app begins rolling out to DISH’s second-generation Hopper today.
08:57 EDTNFLXNetflix price target raised to $530 from $450 at Canaccord
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08:18 EDTNFLXNetflix April volatility elevated into Q1 and outlook
Netflix April call option implied volatility is at 106, May is at 51, June is at 40; compared to its 26-week average of 36 according to Track Data, suggesting larger price movement into the expected release of Q1 results on April 15.
07:44 EDTAMZNBaird survey suggests accelerating growth trends for Amazon.com
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07:20 EDTAMZNAmazon.com price target raised to $465 from $400 at Jefferies
Jefferies raised its price target for Amazon.com shares to $465 from $400 after analyzing the retailing giant's fulfillment capabilities. The firm believes Amazon's fulfillment strategy will drive revenue growth acceleration in the medium to longer-term and margin improvement with scale. It views Amazon's fulfillment initiatives as part of a "bigger, multi-faceted strategy focused on better customer segmentation and category leadership." Jefferies keeps a Buy rating on the name. Shares of Amazon closed yesterday down 29c to $382.36.
06:30 EDTTWXTwitter threatens Periscope users who illegally streamed 'GoT,' Mashable says
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06:20 EDTAMZN, NWSAAmazon, HarperCollins reach agreement on publishing pact, WSJ reports
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06:08 EDTGOOGAccess to Google's Malaysia website disrupted for some, WSJ reports
Some Google users in Malaysia had their access to the website interrupted on Tuesday, with some redirected to a website saying "Google Malaysia Hacked," The Wall Street Journal reports. A Google spokesperson commented that services like Gmail were not affected and said that "We’re aware that some users are having trouble connecting to google.com.my, or are being directed to a different website. We’ve reached out to the organization responsible for managing this domain name and hope to have the issue resolved shortly." Reference Link
06:06 EDTNFLXNetflix price target raised to $487 from $360 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Netflix shares to $487 from $360 after analyzing the company's total addressable market and potential penetration through 2020. Olson has a "relatively more positive bias" on Netflix after his analysis suggested the company's earnings growth from 2016-2020 will average around 50%. He keeps a Neutral rating on Netflix, however, encouraging investors to take advantage of entry points closer to $400. Olson slightly reduced his 2016 earnings estimates for the company to reflect its continued investments ahead of a "material" earnings growth phase. UBS yesterday upgraded Netflix to Buy from Neutral with a $565 price target. Shares of the streaming service closed yesterday up $20.11 to $474.68.
05:51 EDTCMCSANBCUniversal teams with Germany, France broadcasters to create shows, WSJ says
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April 13, 2015
19:52 EDTGOOGLeaked Google app reveals potential cell network features, Android Police says
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17:17 EDTAMZNAmazon Prime membership now includes ad-free internet radio service
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16:01 EDTAMZN, NFLXOptions Update; April 13, 2015
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11:56 EDTTWXMedia companies look to back away from Nielsen guarantees for ads, Variety says
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:34 EDTNFLXActive equity options trading on open
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09:27 EDTAMZNAmazon says X-Ray coming to Fire TV, Fire TV Stick
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09:20 EDTNFLXOn The Fly: Pre-market Movers
HIGHER: Builders FirstSource (BLDR), up 54.35% after acquiring ProBuild in all-cash transaction... Arrowhead (ARWR), up 14.3% after being cleared to proceed with multiple dose Phase 2b study of ARC-520... Oramed Pharmaceuticals (ORMP), up 6.9% after enrolling first patient in glucose clamp study for oral insulin... Clovis Oncology (CLVS), up 8.2% after being upgraded to Buy from Neutral at Goldman... Quantum (QTM), up 3.2% after announcing go-to-market partnership with Dot Hill Systems (HILL)... Netflix (NFLX), up 3.4% after being upgraded to Buy from Neutral at UBS... Apple (AAPL), up just under 1% following reports of Apple Watch orders. LOWER: Sina (SINA), down 3% following a report from the Financial Times that China may shut down the company if censorship doesn't improve... Ruckus Wireless (RKUS), down 2.9% after being downgraded to Buy from Conviction Buy at Goldman... Allot Communications (ALLT), down 2.7% after being downgraded to Hold from Buy at Needham.
09:19 EDTNFLXNetflix rises following upgrade
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09:03 EDTAMZNeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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08:56 EDTCMCSACPUC Commissioner asking for Comcast deal to be rejected, CT Financial News says
California Public Utilities Commissioner Mike Florio filed an alternate proposed decision on the planned merger of Comcast (CMCSA) and Time Warner Cable (TWC) that, in effect, asks the other four commissioners to reject a preliminary approval of the merger issued by a CPUC administrative law that included 25 conditions that Comcast must agree to in order to secure the pact, said CT Financial News. Reference Link
08:14 EDTGOOGSolarCity announces partnership with Nest Labs
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07:22 EDTCMCSA, DISWave of media M&A may be on the way, WSJ says
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06:44 EDTGOOGEU could announce formal charges against Google, NY Times says
The EU's new antitrust commissioner, Margrethe Vestager, is making her first trip to Washington, causing some to speculate that she could announce formal charges against Google, according to The New York Times. Such an announcement could increase pressure on Google to settle the case, but Vestager could also recommend further study of the case or give the company a last opportunity to settle before filing formal charges, the newspaper stated. Reference Link
06:40 EDTNFLXNetflix upgraded to Buy from Neutral at UBS
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06:24 EDTTWXTime Warner tries to win over TV providers in cord-cutter pitch, WSJ says
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