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May 22, 2014
10:29 EDTIBN, QIWI, WUBA, NSR, VJET, DTV, WWE, SHLD, JCP, ITMNOptions with decreasing implied volatility
Options with decreasing implied volatility: NSR ITMN WWE WUBA JCP DTV QIWI SHLD VJET IBN
News For NSR;ITMN;WWE;WUBA;JCP;DTV;QIWI;SHLD;VJET;IBN From The Last 14 Days
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July 23, 2015
12:39 EDTDTVEarnings Watch: Analyst sentiment positive on AT&T ahead of Q2 results
AT&T (T) is expected to report second quarter earnings after the market close on Thursday, July 23, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 63c on revenue of $33.04B, according to First Call. The consensus range for EPS is 52c-67c on revenue of $32.51B-$33.84B. LAST QUARTER: AT&T reported first quarter adjusted EPS of 63c against estimates for 62c, on revenue of $32.58B against estimates for $32.84B. In Q1, the company reported the following: Wireless service revenues were down 3.7% to $14.81B; Phone-only postpaid ARPU decreased 9.6% versus the year-earlier quarter; Phone-only postpaid ARPU with AT&T Next monthly billings decreased 1.9% year over year, but increased 0.4% sequentially; Postpaid churn of 1.02%; 6.2M postpaid smartphone gross adds and upgrades in the quarter; 1.2M total wireless net adds, including 441,000 postpaid and 684,000 connected cars; 1.2M branded smartphones added to base, including 700,000 prepaid. AT&T noted its FY15 standalone guidance remained 'on track,' and said it expected the DirecTV (DTV) deal to close in Q2. STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to AT&T's Q2 earnings report with several firms issuing upgrades on the stock. On July 1, Oppenheimer raised their price target on AT&T to $40 from $36. Following AT&T's acquisition of DirecTV, Oppenheimer expects AT&T to benefit from cross-selling, new services, and higher wireless prices. The firm expects the company's free cash flow to be boosted by its winding down of Project VIP. The firm kept an Outperform rating on the stock. Also on July 1, Buckingham initiated AT&T with a Buy rating and $41 price target. On July 9, Stifel resumed coverage of AT&T with a Buy and $41.50 price target. PRICE ACTION: AT&Tís shares are up approximately 4% since the company's Q1 report. However, over the past 12 months, they are down about 5%. In afternoon trading ahead of tonightís Q2 report, AT&Tís shares are down 0.7%.
July 22, 2015
10:01 EDTJCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
08:38 EDTSHLD, JCPNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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08:09 EDTJCPJ.C. Penney upgraded to Buy from Neutral at Buckingham
Buckingham upgraded J.C. Penney to Buy and increased its price target to $12 from $9. The firm believes 2H comps could accelerate as initiatives take hold and has increased confidence it the company's ability to hit its 2017 EBITDA target of $1.2B. Buckingham believes FY15 sales comp guidance of 4%-5% is achievable and sees continued gross margin improvement and reduced SG&A levels.
July 21, 2015
19:34 EDTDTVAT&T pleased with FCC order, sees closing DirecTV deal 'shortly' after approval
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18:54 EDTDTVAT&T announces Department of Justice completed review of acquisition of DirecTV
AT&T (T) released the following statement "We are pleased the Department of Justice has completed its review of our acquisition of DIRECTV (DTV). We look forward to gaining the approval of the Federal Communications Commission so we can quickly begin providing consumers with the benefits of this combination."
18:33 EDTDTVFCC chairman proposes to approve AT&T-DirecTV deal with conditions
In light of news reports concerning the proposed AT&T (T) and DirecTV (DTV) transaction, FCC chairman Tom Wheeler issued the following statement: "An order recommending that the AT&T-DirecTV transaction be approved with conditions has circulated to the commissioners... If the conditions are approved by my colleagues, 12.5M customer locations will have access to a competitive high-speed fiber connection. This additional build-out is about 10 times the size of AT&Tís current fiber-to-the-premise deployment... and more than triples the number of metropolitan areas AT&T has announced plans to serve. In addition, the conditions will build on the 'Open Internet Order' already in effect... First, in order to prevent discrimination against online video competition, AT&T will not be permitted to exclude affiliated video services and content from data caps on its fixed broadband connections. Second, in order to bring greater transparency to interconnection practices, the company will be required to submit all completed interconnection agreements to the Commission, along with regular reports on network performance... We will require an independent officer to help ensure compliance with these and other proposed conditions." Reference Link
18:24 EDTDTVFCC poised to approve AT&T acquisition of DirecTV, WSJ reports
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16:57 EDTDTVFCC poised to approve AT&T acquisition of DirecTV, DJ says
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July 16, 2015
11:27 EDTVJETPiper ups Voxeljet despite caution after 3D printing survey
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10:45 EDTDTVNetflix price targets soar as Bernstein stays bearish
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10:00 EDTVJETOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arc Logistics (ARCX) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Buy from Hold at Deutsche Bank... FreightCar America (RAIL) upgraded to Neutral from Sell at UBS... Frontier Communications (FTR) upgraded to Buy from Hold at Jefferies... Google (GOOG) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded to Buy from Hold at Needham... Medtronic (MDT) upgraded to Buy from Neutral at BTIG... Netflix (NFLX) upgraded to Buy from Neutral at Rosenblatt... New Jersey Resources (NJR) upgraded to Buy from Hold at Argus... ONEOK Partners (OKS) upgraded to Outperform from Perform at Oppenheimer... Patterson-UTI (PTEN) upgraded to Overweight from Equal Weight at Morgan Stanley... SJM Holdings (SJMHY) upgraded to Overweight from Underweight at JPMorgan... Statoil (STO) upgraded to Buy from Neutral at Citi... SunOpta (STKL) upgraded to Outperform from Sector Perform at Scotia Howard Weil... Viacom (VIAB) upgraded to Neutral from Sell at Citi... Walgreens Boots Alliance (WBA) upgraded to Outperform from Neutral at Credit Suisse... Werner (WERN) upgraded on 'compelling' valuation at Wells Fargo... Wisconsin Energy (WEC) upgraded to Outperform from Neutral at Baird... voxeljet (VJET) upgraded to Overweight from Neutral at Piper Jaffray.
09:55 EDTDTVRovi trial loss immaterial to estimates, says Piper Jaffray
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06:18 EDTVJETPiper's 3D printing survey 'discouraging again'
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05:56 EDTDTVNetflix ruling irrelevant to Rovi contract renewals, says B. Riley
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05:52 EDTDTVRuling in Netflix case a negative for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty says court filings released after yesterday's market close indicate Netflix (NFLX) was granted a motion of summary invalidating all five of the remaining Rovi (ROVI) patents that were being contested. Auty expects Rovi to sell off on the news as investors consider what the ruling may do to the company's upcoming contract renewals with Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and DISH (DISH). The "big 4" choosing to litigate against Rovi is "certainly a possibility," but the companies have bigger patent infringement exposures than an over-the-top vendor like Netflix, Auty writes in a research note. He keeps a Neutral rating on Rovi.
05:36 EDTVJETvoxeljet upgraded to Overweight from Neutral at Piper Jaffray
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July 15, 2015
11:37 EDTSHLD, JCPJ.C. Penney rises after Starboard CEO names Macy's 'best idea'
Shares of department store operator Macy's (M) are sharply higher in morning trading after Starboard Value CEO and CIO Jeff Smith revealed his firm has taken a stake in the company and believes its stock could be worth $125 per share. Smith, while speaking at the Delivering Alpha conference, contended that Macy's real estate assets are worth $21B and that it could separate its real estate from its retail business. Shares of Macy's, which Smith called his "best idea" for 2015, is up about 45 to $69.24 after the comments, while J.C. Penney (JCP), which is also a department store operator with real estate assets, is up 1.7% at $9.16. Another peer, Sears (SHLD), is down 2.8% at $23.17, but that is well off its session low of $22.66.
06:57 EDTDTVBar owners sue DirecTV for overcharging for NFL Sunday Ticket, NY Post reports
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06:52 EDTDTVFCC ruling on AT&T-DirecTV deal could come as soon as today, CTFN says
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