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Stock Market & Financial Investment News

News For SNE;STRZA;NFLX;DIS From The Last 14 Days
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July 28, 2015
16:00 EDTNFLXOptions Update; July 28, 2015
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10:47 EDTNFLXUBS says YouTube paid service could be $1B business
Google's (GOOG, GOOGL) revenue could increase by about $1B or more if it decides to offer a paid, ad free version of its YouTube website in the U.S., UBS wrote in a note to investors today. The firm made the estimate based on a survey it conducted of U.S. consumers. WHAT'S NEW: YouTube remains well-positioned to benefit from the growth of online video, UBS analyst Eric Sheridan stated. After UBS conducted a survey of U.S. adult consumers, Sheridan reported that the survey found that 27% of U.S. consumers would probably subscribe to a paid, ad free version of YouTube. According to Bloomberg, YouTube has decided to launch such a service in coming months. If only 5% of U.S. YouTube users buy subscriptions to the service, Google's revenue would rise by about $943M, Sheridan estimated. Following the survey, the analyst is more confident that Google will meet his revenue estimates, which exceed consensus levels. Specifically, he predicted that Google's revenue for the second half of 2015 would come in at $32.4B, versus the consensus outlook of $31.8B, while its 2016 revenue would be $72.2B, compared with the consensus estimate of $69.7B. Sheridan kept a $750 price target and Buy rating on the stock. WHAT'S NOTABLE: Other companies that are significantly exposed to online video include Netflix (NFLX), Facebook (FB) and AOL, which has been acquired by Verizon (VZ). PRICE ACTION: In morning trading, Google Class A shares were little changed at $657.55.
09:42 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL BIDU FB NFLX F T FCX TWTR
July 27, 2015
16:00 EDTNFLXOptions Update; July 27, 2015
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10:16 EDTDISDisney CEO: ESPN could eventually be sold directly to consumers, CNBC reports
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09:36 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL NFLX INTC MU VZ BIDU AMBA
06:30 EDTNFLXSky prepares to unveil set-top box, Telegraph reports
Sky is finishing up an advanced set-top box called SkyQ, a device it hopes can help its pay-TV business compete against BT (BT), the Telegraph reports. The new hardware is set to be unveiled in the next few weeks and will offer satellite households an "Apple (AAPL) and Netflix (NFLX) style" experience, the report says, citing industry insiders. Reference Link
06:09 EDTDISFox Networks Group leads $300M funding round for DraftKings, WSJ reports
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July 26, 2015
17:16 EDTSNEChina to repeal restrictions on videogame consoles, WSJ says
China will end its restrictions on manufacturing and selling videogame consoles within the country, the Wall Street Journal reported Saturday, citing statements from China's Ministry of Culture. The report notes that foreign console makers such as Microsoft (MSFT), Sony (SNE), and Nintendo (NTDOY) were previously limited to operations in just the Shanghai Free Trade Zone, but will now have access to the entire country. A Sony spokesperson remarked, "This is great news for us." Reference Link
15:59 EDTSNE, DISDisney's 'Ant-Man' leads U.S. weekend box office with $24.8M
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15:48 EDTNFLXNetflix executive: Expect DVD rentals for 'foreseeable future,' NYT reports
Despite the success of Netflix's streaming service, Hank Breeggemann, general manager of the company's DVD division, told the New York Times to "expect us to continue to ship DVDs for the foreseeable future." The report notes that Netflix is employing cutting-edge technology to streamline the process of shipping DVDs while trimming costs, with Breeggemann adding, "If you cut back on service, you are going to lose your subscriber base." Reference Link
July 24, 2015
15:06 EDTSNE, NFLX, DISEarnings Watch: TV networks report as streaming services gain ground
CBS (CBS), Time Warner (TWX), Viacom (VIA, VIAB), and 21st Century Fox (FOX, FOXA) are among TV network companies expected to report quarterly results over the next several weeks, with Comcast (CMCSA, CMCSK) already having reported before the open on July 23. EXPECTATIONS: Time Warner is expected to report EPS of $1.03 on revenue of $6.9B, CBS is expected to report EPS of 73c on revenue of $3.22B, Viacom is expected to report EPS of $1.47 on revenue of $3.22B, and 21st Century Fox is expected to report EPS of 37c on revenue of $6.48B. LAST QUARTER: CBS, Time Warner, and Fox all reported stronger than expected Q1 results, while Viacom reported higher than expected Q2 EPS but missed on revenue. THIS WEEK'S EARNINGS: On the morning of July 23, Comcast reported Q2 EPS of 84c in line with estimates, and revenue of $18.7B versus expectations for $18.14B. Cable customer relationships for the quarter were up 31,000 to 27.3M, driven by increases in double and triple product relationships. During a subsequent conference call, the company noted that TV viewership continues to be under pressure. NEWS: At Re/code's Code Conference on May 27, CBS CEO Leslie Moonves remarked that his network will "probably" sign up for Apple's (AAPL) rumored TV service, and on June 3, CBS announced that its Showtime network will be offered over the internet as a stand-alone streaming service launching in early July for a monthly price of $10.99, with Apple as its first partner. On July 1, Variety quoted sources as saying Viacom was attempting to entice advertisers by offering to construct social-media and digital extensions of traditional TV ad campaigns as the company seeks to move away from Nielsen-based advertising sales. On July 8, the Wall Street Journal reported that Viacom's Paramount Pictures reached an agreement with AMC (AMC) to accelerate the home release of movies, noting that the company hoped to implement the quickened schedule for all new releases beginning later in the year. On July 17, Re/code reported that Viacom held talks to acquire e-commerce and media company Thrillist Media, according to sources. On June 17, 21st Century Fox named James Murdoch as CEO, with founder and former chairman and CEO Rupert Murdoch appointed executive co-chairman alongside Lachlan Murdoch. The Telegraph reported on June 20 that Fox rejected offers for its stake in Sky (SKYAY) from Vodafone (VOD) and Vivendi (VIVHY), potentially signalling an interest in outright purchasing the rest of Sky, according to the report. More recently, the European Commission announced on July 23 that it delivered a statement of objections to Sky and various film studios owned by Comcast, Viacom, Fox, Time Warner, Disney (DIS), and Sony (SNE), discussing anti-trust concerns due to limitations on country-by-country availability of pay-TV services. STREET RESEARCH: On May 12, Pacific Crest said it believes Apple will launch its TV service before the end of the year, saying the move should benefit TV networks as well as Apple itself. On June 24, Brean Capital said Facebook's (FB) agreement with Time Warner to host premier episodes of certain upcoming shows was "a trend worth following," and possibly indicative of Facebook hosting additional TV content in the future. Also on June 24, FBR Capital contended that Netflix (NFLX) was on pace to have a larger 24-hour audience than all traditional broadcast networks, where ratings are seeing declines on average, according to the research firm. Those comments were followed by a July 10 note on Netflix from Morgan Stanley, saying the subscription streaming service was seeing higher time spent per day than any single broadcast network. Moving away from the Netflix factor, on July 10, JPMorgan said CBS shares looked "very attractive" following a recent selloff, though the company saw a downgrade on July 20 from Pivotal, which cited higher costs of capital among other factors. Finally, Citi upgraded Viacom on July 16 to Neutral, citing recent underperformance in the company's shares heading into earnings season.
14:04 EDTNFLXOn The Fly: Weekly technical notes on 'FANG' and divergences
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10:00 EDTDISOn The Fly: Analyst Upgrade Summary
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07:24 EDTDISDisney upgraded to Buy from Hold at Topeka
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06:13 EDTDISDisney upgraded to Buy from Hold at Topeka
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July 23, 2015
13:53 EDTNFLX“Fab Five” option implied volatility
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06:51 EDTNFLXDreamWorks upgraded to Market Perform from Underperform at FBR Capital
FBR Capital analyst Barton Crockett upgraded DreamWorks (DWA) to Market Perform saying growth from licensing more TV shows to Netflix (NFLX) should offset increased competition in core feature films. Crockett raised his price target for shares to $26.
06:19 EDTSNESony plans 'stripped back' version of Android
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05:59 EDTSNE, DISEU sends Statement of Objections to Sky, U.S. film studios
The European Commission has sent a Statement of Objections to Sky UK (SKYAY) and six major U.S. film studios: Disney (DIS), NBCUniversal (CMCSA), Paramount Pictures (VIA), Sony (SNE), Twentieth Century Fox (FOXA) and Warner Bros (TWX). The Commission takes the preliminary view that each of the six studios and Sky UK have bilaterally agreed to put in place contractual restrictions that prevent Sky UK from allowing EU consumers located elsewhere to access, via satellite or online, pay-TV services available in the UK and Ireland. Without these restrictions, Sky UK would be free to decide on commercial grounds whether to sell its pay-TV services to such consumers requesting access to its services, taking into account the regulatory framework including, as regards online pay-TV services, the relevant national copyright laws. If the Commission's preliminary position were to be confirmed, each of the companies would have breached EU competition rules prohibiting anti-competitive agreements. The sending of a Statement of Objections does not prejudge the outcome of the investigation. These antitrust investigations focus on contractual restrictions on passive sales outside the licensed territory in agreements between studios and broadcasters.
July 22, 2015
15:02 EDTNFLXOptions Update; July 22, 2015
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12:27 EDTDISTime Warner's HBO lands sports commentator Bill Simmons
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12:21 EDTDISTime Warner's HBO announces multiyear deal with Bill Simmons
Bill Simmons left Disney's (DIS) ESPN earlier this year.
10:15 EDTNFLXOptions with decreasing implied volatility
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06:08 EDTSNESony to create drone company to offer services for business customers, WSJ says
Sony (SNE) plans to create a drone company to offer services like inspecting aged infrastructure and surveying land that is difficult to access, The Wall Street Journal reports. The drone company, Aerosense, will be created in a joint venture with ZMP Inc, a Tokyo startup which specializes in autopilot technology. Amazon (AMZN) and Google (GOOG) are currently researching the use of drones for package delivery, the report notes. Reference Link
July 21, 2015
12:43 EDTDISEarnings Watch: Analysts expect GoPro to beat expectations in Q2
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10:24 EDTNFLXOptions with decreasing implied volatility
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09:35 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
July 20, 2015
16:01 EDTNFLXOptions Update; July 20, 2015
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10:13 EDTNFLXOptions with decreasing implied volatility
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09:53 EDTNFLXNetflix falls to session lows, levels to watch
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09:34 EDTNFLXActive equity options trading on open
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06:35 EDTSNESony to buy more LCD TV panels in Malaysia, Nikkei Asian Review reports
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July 19, 2015
15:43 EDTDISDisney's 'Ant-Man' leads U.S. weekend box office with $58M
For the weekend of July 19, Disney's (DIS) "Ant-Man" topped domestic box office charts at $58M. Comcast (CMCSA, CMCSK) subsidiary Universal's "Minions" landed in second place with $50.2M, while Universal's "Trainwreck" came in third with $30.2M. Disney's "Inside Out" and Universal's "Jurassic World" took fourth and fifth place at $11.7M and $11.4M, respectively. Data gathered by Rentrak.
July 17, 2015
16:41 EDTNFLXStocks end week higher as Google, Greece bring out the buyers
Stocks ended the week higher and the major averages are back at record highs after Iran agreed to a nuclear deal, Greece's parliament paved the way for the country to receive another bailout by agreeing to new austerity measures and Google (GOOG) gave investors hope that earnings from tech's other heavyweights will be similarly better than expected. MACRO NEWS: In the U.S., retail sales unexpectedly fell 0.3% in June, versus the consensus forecast for growth of 0.3%. The producer prices index showed prices rose 0.4% in June, versus expectations for an increase of 0.2%. The consumer price index rose a seasonally adjusted 0.3% in June from a month earlier, matching the consensus forecast. Compared with last year, consumer prices rose 0.1%, marking the first annual increase since December. Housing starts rose 9.8% to a 1.17M rate in June and building permits rose 7.4% to a 1.34M pace, both of which topped expectations. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The University of Michigan's consumer sentiment reading dropped to 93.3 in the preliminary July figure, which was below the 96.0 reading that was expected. During testimony before Congress, Federal Reserve Chair Janet Yellen stayed on message, stating that the central bank is on track to raise record-low interest rates this year, so long as the labor market and the economy keep improving... In China, exports rose 2.1% from a year earlier during June and imports dropped 6.7%, leaving a trade surplus of $45.8B for the month, the nation's customs administration reported. The nation's GDP was reported to have grown 7% in the second quarter from a year earlier, beating the consensus expectation for growth of 6.8%... In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers reportedly agreed in principle to extend a bridge loan to Greece. The loan should help keep Greece afloat while its Prime Minister negotiates the details of the country's latest bailout... Iran reached a deal on restrictions and inspections intended to prevent it from developing nuclear weapons in exchange for the lifting of economic sanctions by six world powers. The agreement still faces a political fight in the U.S. before taking effect, but President Barack Obama has vowed to veto any congressional effort to block its implementation. COMPANY NEWS: Class A shares of Google (GOOG, GOOGL) surged at the end of the week after the search giant reported better than expected revenues and earnings in the second quarter. Research firms all over Wall Street raised their price targets on the stock in the wake of the report... Netflix (NFLX) rallied to a split-adjusted all-time high after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... Many of the nation's largest banks reported on their results in the second quarter this week. JPMorgan (JPM), Bank of America (BAC) and Citigroup (C) all posted quarterly profits, excluding certain items, that beat the average estimates of analysts. Wells Fargo (WFC) reported earnings in-line with consensus estimates and revenue somewhat below expectations, while Goldman Sachs (GS) reported headline earnings that appeared to fall far short of the consensus forecast. However, that was due to Goldman's nearly $1.5B in provisions for litigation and regulatory matters. Excluding those provisions, the bank's earnings were ahead of consensus... On the M&A front, Receptos (RCPT) advanced after Celgene (CELG) announced a deal to buy the smaller drugmaker for $232 per share in cash, or a total of about $7.2B net of cash acquired. A number of research firms applauded the deal, especially noting the price Celgene agreed to pay, but cautioned that a rival bidder may still emerge for Receptos. Marathon Petroleum (MPC) gained after MPLX (MPLX), the company's fee-based master limited partnership, agreed to acquire MarkWest Energy (MWE) in a cash and stock deal that implies a total enterprise value for MarkWest of approximately $20B, including the assumption of debt of approximately $4.2B. Micron (MU) rose after The Wall Street Journal reported that China's state-owned Tsinghua Unigroup had offered to acquire the memory chip maker for $23B, or $21 per share... Shares of Twitter (TWTR) spiked Tuesday morning after a questionable takeover report was published on a website that mimicked, but had a different web address, than Bloomberg News. A Bloomberg spokesman said soon afterward that the Twitter takeover story being attributed to the news service was a fake, while a Twitter spokesperson also denied the report of an alleged deal... Macy's (M) jumped after Starboard CEO Jeffrey Smith called the stock his "best idea" for 2015, adding that the shares could be worth $125 each if the company takes steps to maximize the value of its real estate holdings. Amazon (AMZN) announced it sold more units on its first "Prime Day" than the biggest Black Friday ever and had more new members try its Prime service worldwide than any single day in company history. The e-commerce giant noted that its worldwide order growth increased 266% over the same day last year and 18% more than Black Friday 2014, adding that it will "definitely be" doing another Prime Day in the future. A number of semiconductor equipment stocks, including Applied Materials (AMAT) and Lam Research (LRCX), dropped after Intel (INTC) cut its capital expenditures guidance while reporting on its quarterly results. INDEXES: For the week, the Dow gained about 1.05% to close at 18,086.45, the Nasdaq advanced about 3.37% to close at 5,210.14, and the S&P 500 rose about 1.67% to close at 2,126.64.
16:41 EDTNFLXMiramax talks to banks as it explores sale, Bloomberg says
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16:01 EDTNFLXOptions Update; July 17, 2015
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12:28 EDTNFLXStocks with call strike movement; ASHR NFLX
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09:35 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL NFLX TSLA GOOG FB GOOGL SLB
07:41 EDTNFLXRovi ruling in Netflix suit may 'embolden' pay TV providers, says Stephens
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06:13 EDTDIS, NFLXHulu considering ad-free option, WSJ reports
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July 16, 2015
16:22 EDTNFLXOn The Fly: Top stock stories for Thursday
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16:00 EDTNFLXOptions Update; July 16, 2015
iPath S&P 500 VIX Short-Term Futures down 1.17 to 16.52 Option volume leaders: NFLX AAPL BAC FB F INTC C EBAY AMZN GM JPM MU PFE BABA JD X
15:15 EDTNFLXNetflix powers higher, levels to watch
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12:12 EDTNFLXOn The Fly: Top stock stories at midday
Stocks began the session in positive territory after Greece's Parliament approved austerity measures that should pave the way for the country to receive a new bailout package. With earnings season gaining steam and the situations in Greece and China appearing more stable in recent days, the S&P and Nasdaq are back within striking distance of their all-time highs. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped to 281,000 in the week ended July 11, versus expectations for 285,000 first-time claims. The NAHB homebuilder sentiment index for July came in at 60, a point better than forecast. The Philly Fed business outlook index dropped 9.5 points to 5.7 in July, falling short of the 12.0 reading that was expected. In Europe, Greek lawmakers passed the country's austerity agreement and Euro-area finance ministers also reportedly agreed in principle to extend a $7.6B bridge loan to Greece. The loan, which will come from the European Financial Stabilization Mechanism, should help keep Greece afloat while Prime Minister Alexis Tsipras negotiates the details of the country's three-year bailout. COMPANY NEWS: Netflix (NFLX) rallied 16% and hit a split-adjusted all-time high of $114.45 per share after the streaming service operator reported stronger than expected second quarter results, including higher than expected Q2 subscriber metrics, prompting a large number of research firms to raise their price targets on the stock... The third-largest U.S. bank, Citigroup (C), posted second quarter profit, excluding adjustments and one-time items, of $1.45 per share, beating the $1.34 average estimate of analysts. Goldman Sachs (GS) reported Q2 earnings per share of $1.98, which fell far short of the consensus forecast of $3.89. However, the firm recorded $1.45B in net provisions for litigation and regulatory matters, which reduced EPS for the quarter by $2.77. Goldman Chairman and CEO Lloyd Blankfein said the bank was "pleased" with its quarterly performance, adding that while "uncertainty in the EU" weighed on investors’ conviction, many of its businesses continued to benefit from generally improving economic conditions. Citi shares rose 3.5% following its report, while Goldman shares slipped a bit more than 1.5%... eBay (EBAY), which is set to split from PayPal (PYPL) in just a few days, reported better than expected earnings for the still-combined company. eBay also announced an additional $1B stock repurchase authorization, bringing its total buyback allowance to $3B, and confirmed it reached a deal to sell eBay Enterprise to a consortium consisting of Sterling Partners, Permira Funds and others for $925M. MAJOR MOVERS: Among the notable gainers was Amira Nature Foods (ANFI), which advanced 16% after the company reported earnings and said it sees "double-digit" revenue growth in its new fiscal year. Also higher was Philip Morris (PM), which gained 3% after reporting better than expected earnings and revenue, excluding certain items. Among the noteworthy losers was Rovi (ROVI), which dropped 16.5% after Netflix was granted a motion of summary judgment invalidating all five of the remaining Rovi patents that were being contested in litigation between the companies. Also lower was Garmin (GRMN), which fell 9% after reporting preliminary Q2 earnings that fell short of expectations, citing the negative impact of currency movements and a "more promotional pricing environment" in the fitness segment. INDEXES: Near midday, the Dow was up 35.47, or 0.2%, to 18,085.64, the Nasdaq was up 54.08, or 1.06%, to 5,153.02, and the S&P 500 was up 14.10, or 0.67%, to 2,121.50.
10:45 EDTNFLXNetflix price targets soar as Bernstein stays bearish
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10:00 EDTNFLXOn 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 EDTNFLXRovi trial loss immaterial to estimates, says Piper Jaffray
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09:35 EDTNFLXActive equity options trading on open
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09:08 EDTNFLXOn The Fly: Pre-market Movers
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08:46 EDTNFLXNetflix price target raised to $142 from $129 at FBR Capital
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08:46 EDTNFLXNetflix price target raised to $122 from $95 at Pacific Crest
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08:23 EDTNFLXNetflix price target raised to $140 from $111 at Goldman
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08:16 EDTNFLXNetflix price target raised to $150 from $109 at Cowen
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08:11 EDTNFLXNetflix price target raised to $120 from $80 at Canaccord
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08:10 EDTNFLXNetflix price target raised to $125, bull case to $150 at Morgan Stanley
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08:00 EDTNFLXNetflix upgraded to Buy from Neutral at Rosenblatt
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07:41 EDTNFLXNetflix long-term domestic subscriber target still unrealistic, says Bernstein
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07:39 EDTNFLXNetflix price target raised to $109 from $103 at Citi
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07:27 EDTNFLXNetflix price target raised to $125 from $83 at Cantor
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07:10 EDTNFLXNetflix price target raised to $128 from $104 at Stifel
Stifel increased its price target on Netflix after the company reported higher than expected Q2 subscriber data and provided higher than expected Q3 subscriber guidance. The firm expects the company to continue to post strong subscriber data and execute well. It reiterates a Buy rating.
06:34 EDTNFLXNetflix price target raised to $127 from $89 at JPMorgan
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06:10 EDTNFLXNetflix price target raised to $96 from $70 at Piper Jaffray
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05:56 EDTNFLXNetflix ruling irrelevant to Rovi contract renewals, says B. Riley
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05:52 EDTNFLXRuling 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.
05:46 EDTNFLXStocks with implied volatility movement; NFLX MNKD
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05:16 EDTNFLXRovi provides update on litigation against Netflix
Rovi (ROVI) provided an update on ongoing litigation against Netflix (NFLX). Rovi has been engaged in litigation against Netflix with respect to five patents related to various features and functionality provided by the over-the-top, or OTT, video service. On July 15, Judge Phyllis Hamilton issued a ruling granting Netflix’s motion for summary judgment on the five patents at issue in the current litigation, finding the patents invalid on the grounds that they are not directed to patentable subject matter based upon the Supreme Court’s 2014 ruling in Alice Corp. Pty. Ltd. v. CLS Bank International. As a result, the Court has entered judgment in favor of Netflix in the case. As part of the decision, Judge Hamilton also issued a claim construction ruling in the case in which the Court construed the nine disputed claim terms in the case. The Court ruled in Rovi’s favor on nearly all of the disputed claim terms, only adopting Netflix’s proposed construction of a single term. Importantly, the Court rejected attempts by Netflix to limit the scope of the patents to the area of “broadcast television,” noting that the claims contain no such limitations and the patents refer to other types of media. Furthermore, the Court rejected attempts by Netflix to limit the scope of the patents to set-top box implementations.
July 15, 2015
19:03 EDTNFLXOn The Fly: After Hours Movers
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18:30 EDTNFLXNetflix sees China launch coming next year
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18:16 EDTNFLXNetflix CEO says company stock price is 'mystery to me'
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16:59 EDTNFLXNetflix submits letter to FCC in support of Charter-Time Warner Cable deal
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16:22 EDTNFLXNetflix sees devoting more investment to originals
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16:12 EDTNFLXNetflix jumps more than 10% in after-hours trade following Q2 report
16:12 EDTNFLXNetflix 'committed' to running around break-even globally through 2016
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16:10 EDTNFLXNetflix sees Q3 U.S. streaming net adds of 1.15M
Netflix is forecasting Q3 U.S. net adds of 1.15M, slightly higher than the year ago period. The company project Q3 international net adds of 2.4M.
16:09 EDTNFLXNetflix reports 3.3M streaming members added in Q2
Netflix reports it added a Q2 record 3.3M new streaming members, compared to 1.7M in the previous year quarter. The company gained 0.9M members in the U.S. and added 2.4M members internationally in Q2.
16:07 EDTNFLXNetflix sees Q3 EPS 7c, consensus 5c
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16:07 EDTNFLXNetflix reports Q2 EPS 6c, consensus 4c
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16:00 EDTNFLXOptions Update; July 15, 2015
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14:58 EDTNFLXNetflix July 97.14 straddle priced for 9.6% movement into Q2
14:53 EDTNFLXNotable companies reporting after market close
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14:38 EDTDISShanghai Disneyland to open in Spring 2016
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13:01 EDTNFLXEarnings Watch: Netflix shares trading up 45% since last earnings report
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11:35 EDTNFLXNetflix to support Charter's acquisition of Time Warner Cable, Bloomberg says
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11:27 EDTNFLXNetflix July volatility elevated into Q2 and outlook
Netflix July call option implied volatility is at 133, August is at 49, September is at 42, compared to its 52-week range of 16 to 39, suggesting large near term price movement into the expected release of Q2 results today.
11:19 EDTNFLXNetflix technical commentary ahead of earnings
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10:04 EDTNFLXNetflix July 99.64 straddle priced for 9% movement into Q2
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09:32 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL FB BAC RCPT MU YUM NFLX CELG
07:38 EDTNFLXNetflix July volatility increases into Q2 and outlook
Netflix July call option implied volatility is at 108, August is at 49, September is at 42, compared to its 52-week range of 16 to 39, suggesting large near term price movement into the expected release of Q2 results today.
July 14, 2015
16:01 EDTNFLXOptions Update; July 14, 2015
iPath S&P 500 VIX Short-Term Futures down 15c to 17.76 Option volume leaders: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT NFLX TSLA TWTR MPC
15:32 EDTNFLXNetflix technical commentary ahead of earnings
Shares are trading very close to life highs ahead of earnings. The current bullish price channel is quite steep, suggesting that positive momentum has been maintained since the last move up from earnings. If the news is as bullish as current price would suggest, a projection forward of the price channel would make the $740 to $750 area a possible objective, Without resistance however price could advance considerably further. The high analyst price target for the shares is at $950 according to Thomson/First Call. The life high is now at $716.16. If the news is a disappointment, the first significant downside objective would be at $635.49 which is the 50-day moving average. That average is not far from the mean analyst sell-side price target according to Thomson/First Call at $648.22. This average, though not a close-fit, has been a good proxy for the trend. A break below the 50-day would therefore be bearish with next support at $617.50 and then at $600.
09:50 EDTNFLXNetflix slips in early trading, levels to watch
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08:51 EDTDISFBR Capital defends Disney into Q3 results
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08:13 EDTNFLXNetflix July volatility increases into Q2 and outlook
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08:03 EDTSNEDolby partners with VIZIO, Sony to drive AC-4 adoption
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06:37 EDTDISApple progresses in TV app talks with networks, NY Post reports
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