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November 16, 2012
15:43 EDTNFLXNetflix CEO expects company to remain independent, WSJ reports
Netflix (NFLX) CEO Reed Hastings has dismissed suggestions from Carl Icahn that the firm should sell itself, according to the Wall Street Journal. Hastings thinks the company can expand and survive on its own without outside assistance. Reference Link
News For NFLX From The Last 14 Days
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January 21, 2015
16:35 EDTNFLXOn The Fly: Closing Wrap
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16:00 EDTNFLXOptions Update; January 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1.63 to 33.49. Option volume leaders: AAPL TSLA TWTR AMZN FB RIG C ABX SIRI NFLX according to Track Data.
12:24 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as details of a reported bond buying program planned by the ECB offset weakness in the Dow after IBM's (IBM) earnings report. ECONOMIC EVENTS: In the U.S., housing starts rose 4.4% in December to a 1.89M rate, versus expectations for an increase of 1.2%, while building permits fell 1.9% to a rate of 1.03M, versus expectations of an increase of 0.8%. The Bank of Canada lowered its target for the overnight rate by one-quarter of one percentage point to 0.75% in response to the recent sharp drop in oil prices, which it said will be negative for growth and underlying inflation in Canada. Reports indicated that a proposal from the European Central Bank’s executive board is calling for it to begin making bond purchases of about EUR 50B per month and continue that easing program for at least one year. In Asia, the Bank of Japan refrained from expanding its stimulus program, although it expanded and extended its loan programs aimed at boosting bank lending. Also, the BoJ cut next fiscal year's CPI forecast to 1.0% from the 1.7% it had projected three months ago. COMPANY NEWS: Last night, IBM reported better than expected Q4 earnings, though its revenue and FY15 profit outlook trailed estimates, sending the stock down over 3% this morning. Citigroup cut its price target for IBM shares to $170 from $180 after reducing its sales and earnings estimates following the tech giant's Q4 results. Citi reiterated a Neutral rating on IBM, saying it wants to see stability in fundamentals and free cash flow growth before getting more positive on the name. Meanwhile, Jefferies said IBM's cash flow guidance for 2015 is "very weak" and that the company has yet to reach a bottom. The firm continues to believe the risk/reward for shares is skewed negatively and it kept an Underperform on IBM with a $130 price target following the company's Q4 results... Netflix (NFLX) jumped 17% to trade near $409 per share after the company reported stronger than expected fourth quarter results and a number of research firms raised their price targets for the stock while pointing out the company's global subscriber growth had exceeded expectations. Bucking the trend, FBR Capital analyst Barton Crockett said Netflix's EPS would only have been in-line with the consensus outlook if non-operating items were excluded. He said he is less impressed with Netflix following its report and trimmed his price target on the stock to $400 from $425 while keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers following their earnings reports were Northern Trust (NTRS), which rose 6%, and U.S. Bancorp (USB), which gained 3.5%. Among the noteworthy losers was Eldorado Gold (EGO), which dropped 19% after the company reported on its 2014 gold production, gave guidance on production in 2015, and its shares were downgraded at Credit Suisse, TD Securities and Canccord. Also lower was Acacia Research (ACTG), which fell more than 14% after a court granted a motion finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. INDEXES: Near midday, the Dow was up 42.03, or 0.24%, to 17,557.26, the Nasdaq was up 27.36, or 0.59%, to 4,682.21, and the S&P 500 was up 12.25, or 0.61%, to 2,034.80.
10:47 EDTNFLXOptions with decreasing implied volatility
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10:32 EDTNFLXNetflix rallies amid slew of target raises, but one analyst bucks trend
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10:01 EDTNFLXOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
09:47 EDTNFLXNetflix fades from initial gap high, levels to watch
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09:17 EDTNFLXNetflix gaps up sharply following earnings surprise, levels to watch
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09:16 EDTNFLXOn The Fly: Pre-market Movers
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08:32 EDTNFLXNetflix earnings only in-line when excluding items, says FBR Capital
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08:15 EDTNFLXNetflix price target raised to $465 from $382 at Cowen
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07:59 EDTNFLXNetflix price target raised to $511 from $450 at JPMorgan
JPMorgan raised its price target for Netflix shares to $511 saying the company reported strong Q4 results last night. The firm believes Netflix's stronger than expected international subscriber growth and increased efficiency at expanding into new markets provides better profit visibility. It reiterates an Overweight rating on the stock. Shares of Netflix are rallying $61.20 to $410.00 in pre-market trading.
07:53 EDTNFLXNetflix price target raised to $500 from $380 at Stifel
Stifel raised its price target on Netflix after the company reported stronger than expected Q4 results, and Q1 guidance that the firm views as solid. The firm thinks the company is successfully carrying out its plan to become the leading global Internet TV network. Stifel keeps a Buy rating on the shares.
07:34 EDTNFLXNetflix CEO sees room for competition in video streaming market, CNet says
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07:33 EDTNFLXNetflix price target raised to $483 from $431 at Oppenheimer
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07:00 EDTNFLXNetflix price target raised to $450 from $415 at Cantor
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06:44 EDTNFLXNetflix upgraded at Nomura
As previously reported, Nomura upgraded Netflix to Buy from Neutral. The firm upgraded shares based on more reasonable subscriber expectations, price elasticity, a strong 2015 content cycle, global cost efficiencies, and funding likely from corporate debt and not a capital raise. Price target is $500.
06:30 EDTNFLXNetflix suggested FY15 operating income will decline, says Piper Jaffray
Piper Jaffray attributes the upside Netflix reported in Q4 to international momentum. The firm notes, however, that Netflix suggested FY15 operating income will decline year-over-year given continued international expansion into other new countries later in the year. Piper raised its price target for shares to $360 from $345 but keeps a Neutral rating on the name.
06:21 EDTNFLXNetflix price target raised to $409 from $364 at Citigroup
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06:21 EDTNFLXNetflix upgraded to Buy from Neutral at Nomura
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