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Stock Market & Financial Investment News

News Breaks
June 4, 2014
10:21 EDTVZ, NFLXNetflix takes shot at Verizon with network speed message, Re/code says
Netflix (NFLX) has begun telling some customers who have encountered slowdowns that “The Verizon network is crowded right now,” reported Re/code. A Verizon spokesperson told the tech blog that Neflix' new test is "a PR stunt," and said the company is investigating this claim, which "seems misleading and could confuse people.” Reference Link
News For NFLX;VZ From The Last 14 Days
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May 26, 2015
06:10 EDTNFLXStocks with implied volatility below IV index mean; NFLX LNKD
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May 22, 2015
07:36 EDTNFLXNetflix price target raised to $700 at RBC Capital following customer surveys
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May 21, 2015
14:54 EDTNFLXCiti ups Netflix target on international potential as company eyes China
Citigroup raised its price target for Netflix (NFLX) to $722 and maintained a Buy rating on the stock, citing the company's underappreciated international expansion and declining churn trends. WHAT'S NEW: In a research note, Citigroup analyst Mark May raised his price target on Netflix to $722 from $584, saying that despite the stock's 31% jump since reporting first quarter earnings on April 15, Netflix shares still have room to advance as the company extends its service globally. May believes the U.S. only accounts for 18% of Netflix's total addressable market based on broadband household metrics. Additionally, he thinks subscribership should trend positively as original content grows and churn declines, resulting in a potential 20% U.S. streaming revenue growth in 2016. The firm stated that Netflix's financial model should generate similar operating profits from "most" of the markets it chooses to enter, and that non-English speaking Netflix markets are being significantly undervalued when taking into account their size. Based on Citi's analysis, Japan, Australia, and New Zealand have a $25 implied enterprise value per broadband household, which, at roughly 10% of the U.S. metric, implies "very conservative" assumptions. Citi highlighted that Netflix's current stock price does not account for any additional value from further international launches, which could include Spain, Italy, Portugal, China, Russia, and India. The firm also remains optimistic on subscriber numbers for coming quarters, saying both churn and content offerings are improving at the company. WHAT'S NOTABLE: On May 14, Bloomberg reported that Netflix has held talks with several Chinese media companies, including Wasu Media, backed by Alibaba (BABA) chairman Jack Ma. In response to the report, a Netflix spokesperson remarked that the company plans to be "nearly global" by the end of 2016. PRICE ACTION: Netflix is trading near flat on the day to $622.47.
09:36 EDTNFLXActive equity options trading on open
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09:30 EDTVZIGEN Networks subsidiary signs account agreement with Verizon Wireless
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06:23 EDTNFLXNetflix price target raised to $722 from $584 at Citigroup
Citigroup analyst Mark May raised his price target for shares of Netflix to $722 with the stock up 31% since reporting earnings on April 14. After revisiting his valuation analysis, May continues to believe Netflix's international opportunity is underappreciated. The analyst also expects the streaming service's subscriber trends to continue benefiting from lower churn and better content. May maintains a Buy rating on Netflix. The stock closed yesterday up $5.05 to $621.53.
May 20, 2015
12:11 EDTNFLXNetflix to introduce new web interface in June, TechCrunch reports
Netflix is testing a new user interface that does away with its carousels, reports TechCrunch. The company is expected to rollout the new interface on the web to all users worldwide beginning next month. Reference Link
May 19, 2015
16:01 EDTNFLXOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
14:54 EDTVZRubicon Project an attractive target after AOL deal, The Deal says
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11:04 EDTNFLXNetflix hits pattern price target
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09:37 EDTNFLXActive equity options trading on open
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08:20 EDTVZVerizon CFO sees net phone additions in Q2
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08:11 EDTVZVerizon CFO says customers 'tired of paying for 300 channels'
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08:02 EDTVZVerizon CFO says spectrum position 'extremely strong'
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07:59 EDTVZVerizon CFO says wireless capital spending won't come down any time soon
Verizon CFO reiterates that Verizon's capital plan "will not decrease any time soon," citing the need to add capex to invest in video and wireless. Shammo sees 'multicasting' becoming more prevalent over time. Verizon CFO Fran Shammo is speaking at the JPMorgan Global Technology, Media and Telecom Conference.
07:54 EDTVZVerizon CFO says future of wireless around video, Internet of Things
Shammo says Verizon (VZ) mobile video "multicast" will be pay-per-view and mobile video service will be starting this summer. Shammo said buying AOL (AOL) gives the company the ad technology to make its mobile model work. Verizon CFO Fran Shammo is speaking at the JPMorgan Global Technology, Media and Telecom Conference.
07:43 EDTVZJPMorgan to hold a conference
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07:36 EDTVZAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
06:18 EDTVZDish says followed all rules in bidding strategy for spectrum auction, WSJ says
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May 18, 2015
08:22 EDTVZVerizon deal has multiple positive catalysts, says Wells Fargo
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