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Stock Market & Financial Investment News

News Breaks
July 1, 2014
09:19 EDTAGEN, APP, NFLX, GEVA, GNRC, FOLD, COO, TSPTOn The Fly: Pre-market Movers
HIGHER: Netflix (NFLX), up 3.6% after the stock was upgraded to Buy from Neutral at Goldman... Transcept Pharmaceuticals (TSPT), up 22.6% after signing a merger agreement with Paratek Pharmaceuticals... Agenus (AGEN), up 21% after announcing that in a Phase 2 study patients with newly diagnosed glioblastoma multiforme who received Agenus’ Prophage autologous cancer vaccine added to the standard of care treatment lived nearly twice as long as expected... Galena Biopharma (GALE), up 11% after announcing the notice of allowance of a U.S. patent for NeuVax... Amicus Therapeutics (FOLD), up 11.7% following upgrades at Leerink and Janney Capital... Cooper Companies (COO), up 2.6% after agreeing to acquire Saulfon Pharmaceuticals, a European maker of soft contact lenses and solutions, in a transaction valued at approximately $1.2B. LOWER: American Apparel (APP), down 4% after former CEO Dov Charney disclosed he bought 27.35M shares on June 27... Generac (GNRC), down 3% following a downgraded to Neutral from Buy at BofA Merrill Lynch... Synageva (GEVA), down 2.7% after being initiated with a Neutral rating at Citigroup.
News For NFLX;TSPT;GNRC;APP;COO;GEVA;AGEN;FOLD From The Last 14 Days
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March 18, 2015
13:23 EDTNFLXBattleground: Oppenheimer weighs in on Netflix with positive note
The recent weakness in Netflix's (NFLX) stock has created a buying opportunity, Oppenheimer wrote in a note to investors today. Oppenheimer's upbeat note comes after research firm Stifel issued a positive note on the stock yesterday and a third firm, Evercore ISI, downgraded the shares to sell on Monday. BULLISH TAKE: Noting that Netflix's stock has dropped 15% from its 52-week high, Oppenheimer analyst Jason Helfstein said that the decline creates a good buying opportunity ahead a number of "tier 1" original show launches by the company. History indicates that tier 1 original shows have the most impact on the company's net subscriber additions, the analyst stated. Worries about competition have weighed on the shares, but Netflix can beat the competition by using its data to provide superior programming, according to the analyst. He kept a $483 price target and Outperform rating on the shares. Stifel analyst Scott Devitt yesterday stated that concerns about the company's competition are overdone, as Netflix's positioning in the U.S. is as strong as ever and continues to improve as it adds more content. Time Warner's (TWX) upcoming launch of a video on demand service called HBO Now is the primary cause of the decline in Netflix's stock, Devitt contended, noting he views the HBO Now launch as "a non-event" for Netflix. Most Netflix subscribers who obtain HBO Now will probably keep both services, Devitt believes. BEARISH TAKE: Evercore ISI analyst Ken Sena on Monday downgraded Netflix shares to Sell from Hold. Increased competition will force the company to raise its investments, and the return from those investments is uncertain, the analyst contended. In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. 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, adding that Netflix will face even more competition overseas than in the U.S. Sela reduced his price target on the shares to $380 from $450. PRICE ACTION: In mid-afternoon trading, Netflix was little changed near $418 per share.
08:05 EDTNFLXNetflix weakness creates buying opportunity, says Oppenheimer
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06:01 EDTNFLXStocks with implied volatility above IV index mean; BBRY NFLX
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March 17, 2015
17:41 EDTAPPAmerican Apparel files to delay Form 10-K
The company is engaged in discussions with its revolving credit facility lender with respect to certain waivers and amendments to such facility that, among other things, would reset certain covenants going forward, permit the execution of the previously disclosed $15M credit agreement between one or more entities affiliated with Standard General and one or more of the Company’s foreign subsidiaries as borrowers and waive noncompliance with certain covenants. The Company’s staff and resources have been substantially committed to such discussions and the outcome thereof would impact the Company’s financial statements disclosures as of and for the year ended December 31, 2014 and other information required to be disclosed in the Annual Report. The Company intends to use the net proceeds from the Standard General Credit Agreement to fund the Company’s near-term interest payments on certain of its indebtedness, including the April interest payment on its senior secured notes, and other liquidity needs. No assurances can be given that the Company will be successful in obtaining such amendments and waivers or in consummating the Standard General Credit Agreement when expected, or at all. In light of the foregoing, the process of completing the financial statements and the related information required to be included in the Annual Report could not be completed by the scheduled filing deadline for the Annual Report.
16:00 EDTNFLXOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
13:06 EDTNFLXBattleground: Analysts take opposite sides on Netflix
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11:23 EDTNFLXApple willing to share TV data to attract programming partners, NY Post reports
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10:26 EDTFOLD, NFLXOptions with increasing implied volatility
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09:34 EDTNFLXActive equity options trading on open
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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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16:01 EDTAPPAmerican Apparel talks with Irving Place at standstill, Bloomberg says
Buyout talks between private equity firm Irving Place Capital and retailer American Apparel are said to have stalled as Irving Place Capital has grown uncertain about its proposed valuation, says Bloomberg. Reference Link
15:38 EDTAPPAmerican Apparel talks with Irving Place at standstill, Bloomberg says
10:44 EDTNFLXNetflix 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
10:02 EDTNFLXOn The Fly: Analyst Downgrade Summary
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09:37 EDTNFLXActive equity options trading on open
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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.
06:16 EDTNFLXNetflix downgraded to Sell from Hold at Evercore ISI
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