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Stock Market & Financial Investment News

News Breaks
June 6, 2014
06:38 EDTS, TMUS, VZ, TChanges may make approval of Sprint, T-Mobile tie-up more likely, NY Times says
Sprint (S) and T-Mobile (TMUS) are arguing that their merger should be approved because it would create stronger competition for Verizon (VZ) and AT&T (T), according to The New York Times. While just four months ago the head of the Justice Departmentís Antitrust Division said any merger among the top four wireless companies would face difficulty winning approval, the country's communications landscape has changed since then, the newspaper quoted antitrust experts as saying, Specifically, the new-found ability of some telecom companies to offer TV to more customers may cause regulators to become more amenable to a merger between T-Mobile and Sprint, the newspaper indicated. Reference Link
News For S;TMUS;VZ;T From The Last 14 Days
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July 22, 2014
06:37 EDTVZVerizon backs FY14 investments of $16.5B-$17B
Verizon continues to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline.
06:35 EDTVZVerizon reports Q2 adjusted EPS 91c, consensus 90c
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July 21, 2014
15:30 EDTVZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
14:30 EDTVZEarnings Preview: Verizon CEO says 1.4M postpaid subscribers added in Q2
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 22, with a conference call scheduled for 7:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 90c on revenue of $31.12B, according to First Call. The consensus range for EPS is 86c-93c on revenue of $30.84B-$31.35B. LAST QUARTER: Verizon reported first quarter adjusted EPS of 84c against estimates for 87c on revenue of $30.8B against estimates for $30.7B. For Q1, the company reported adding 549,000 net retail connections, including 539,000 net retail postpaid connections. It reported retail postpaid churn of 1.07%, 103.3M total retail connections, and 97.3M total retail postpaid connections. Consumer ARPU was up 11.3% year over year. It reported 98,000 FiOS Internet and 57,000 FiOS Video net additions in the quarter. Verizon said it continued to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline. On July 10, during an interview on CNBC, CEO Lowell McAdam said the company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. McAdam added that Q2 churn was "very good" with margins consistent with the past several quarters. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q2 earnings report. On May 22, Verizon was initiated with an Outperform at Bernstein with a price target of $57. On July 1, Verizon was initiated with a Buy at BTIG and a price target of $60. On July 18, Oppenheimer added Verizon to its Triple Play list. The firm said its Triple Play stocks are rated Outperform, screen positively based on trends in earnings revisions, and have an attractive technical profile. PRICE ACTION: Verizon shares have gained approximately 10% following the company's Q1 report. However, over the past twelve months, they are up only about 1%. In afternoon trading ahead of Tuesday's Q2 report, Verizonís shares are flat.
12:56 EDTVZVerizon launches rewards program for wireless customers
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09:38 EDTVZActive equity options trading on open
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08:08 EDTTAT&T awarded $275M contract U.S. Department of State
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07:45 EDTSSprint consensus estimates 'overly optimistic,' says Jefferies
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July 20, 2014
14:47 EDTS, TMUSAfter paring Mexican assets Carlos Slim may look at T-Mobile, WSJ says
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July 18, 2014
15:42 EDTVZVerizon July weekly volatility elevated into Q2
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09:18 EDTS, TMUSSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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08:38 EDTVZVerizon added to Triple Play list at Oppenheimer
Oppenheimer added Verizon (VZ) to its Triple Play list. The firm says its triple play stocks are rated Outperform, screen positively based on trends in earnings revisions and have an attractive technical profile. The firm removed Riverbed (RVBD) from the list after it downgraded that stock.
07:08 EDTTMUS, SSoftbank, T-Mobile final agreement could come after late August, Kyodo News says
According to Kyodo News, Softbank's (SFTBF) buyout talks with T-Mobile (TMUS) won't be settled until after late August. Deutsche Telecom (DTEGY) is "reluctant" to accept Softbank's business plan and is seeking a new plan, industry sources say. Reference Link
05:57 EDTVZLevel 3 says Verizon 'deliberately' causing Netflix congestion
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July 17, 2014
11:01 EDTVZVerizon Wireless, ControlTec announce partnership
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09:06 EDTTAT&T and town of Carrboro sign agreement for 1 Gigabit network
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July 16, 2014
14:03 EDTT, VZNetflix submits FCC comments on proposed Net Neutrality rules
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13:05 EDTT, VZVerizon, Comcast, AT&T viwed as 'logical' Time Warner bidders, Bloomberg says
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12:42 EDTT, VZTime Warner said to see Verizon,Comcast, AT&T as logical bidders, Bloomberg says
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07:43 EDTTSenate Commerce, Science & Transportation Committee holds a hearing
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