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Stock Market & Financial Investment News

News Breaks
January 16, 2013
19:11 EDTCOLM, PLXS, BA, CBS, EBAY, LQDT, NUS, NLSOn The Fly: After Hours Movers
UP AFTER EARNINGS/GUIDANCE: Nautilus (NLS), up 13% after reporting preliminary Q4 results... eBay (EBAY), up 0.8% after Q4 earnings beat Street estimates... Plexus (PLXS), up 4%... Nu Skin (NUS), up 4.3% after its Q4, FY12 guidance beat current Street estimates... ALSO HIGHER: CBS (CBS), up 7.8% after announcing plans to convert its America Outdoors unit to a REIT... DOWN AFTER EARNINGS/GUIDANCE: Columbia Sportswear (COLM), down 8.7% after saying it sees Q4 revenue below Street estimates... Liquidity Services (LQDT), down 2.2% after reaffirms its Q1 view... ALSO LOWER: Boeing (BA), down 2.2% after the FAA issued a directive requiring the company to cease 787 operations until it can demonstrate battery safety.
News For NLS;EBAY;PLXS;NUS;CBS;COLM;LQDT;BA From The Last 14 Days
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August 24, 2015
18:10 EDTBABoeing considers 'several hundred' layoffs in satellite division, Reuters says
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08:11 EDTEBAYeBay Motors partners with Assurant to extend warranties on purchase
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August 23, 2015
18:06 EDTBABoeing loses $85M contract over Ex-Im Bank uncertainty, WSJ says
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14:41 EDTBABoeing delivers next-generation 737-800 to Nok Air
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August 21, 2015
17:46 EDTBABoeing on schedule to meet 737 MAX production targets, Reuters says
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08:53 EDTCBSAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
06:07 EDTBABoeing, GKN grapple to produce critical component for 737 Max, WSJ reports
Boeing (BA) and GKN PLC (GKNLY), a key supplier, are grappling to produce a critical component for the updated version of its 737 jet, The Wall Street Journal reports. Boeing has plans to quickly boost production of the 737 Max, but difficulty consistently manufacturing part of the engine thrust reverser, industry executives and engineers are concerned that a shortage of the part could derail Boeing's ambitious plans, the report says. Reference Link
August 20, 2015
12:05 EDTBABoeing reports eight new orders in weekly update
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09:17 EDTCBSDisney hit with another downgrade on TV concerns
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06:36 EDTCBSBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
05:47 EDTBABoeing says Qantas intends to purchase eight 787-9 Dreamliners
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August 19, 2015
16:34 EDTBAAir Lease delivers one Boeing 737-800 to American Airlines
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09:33 EDTBAActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
09:16 EDTEBAYNew Relic, Magneto announce expansion of partnership
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August 18, 2015
10:17 EDTCBSDisney downgraded as Wells moves away from content providers
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10:00 EDTCBSOn The Fly: Analyst Downgrade Summary
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07:13 EDTCBSCBS downgraded to Market Perform from Outperform at Wells Fargo
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07:12 EDTCBSDisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
06:08 EDTEBAYeBay expected to announce sale of some of Snapdeal stake, Re/code reports
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06:03 EDTBABoeing's test flight of aerial refueling tanker to be delayed, WSJ reports
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