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March 6, 2014
10:25 EDTGGP, NSRGY, NFLX, PEP, DPS, SODASodaStream advances after Tilson touts shares
Shares of SodaStream (SODA), which makes at-home soda makers, are climbing after well-known hedge fund manager Whitney Tilson revealed that he had established a position in the stock and wrote an upbeat article about the company. WHAT'S NEW: Tilson wrote in the article dated yesterday that after conducting a survey he does not believe that SodaStream's product is a fad, as short sellers contend. "People love their SodaStreams," he reported. Tilson said that in the past when he has been upbeat about stocks with high short interests the shares have produced some of his biggest winners, noting that SodaStream has a high short interest. Netflix (NFLX) and General Growth Properties (GGP) are two examples of such prior winners, Tilson stated. Furthermore, although SodaStream's operating income sank 67% last quarter, most of its difficulties appear to be "truly short-term, fixable problems," the hedge fund manager contended. Meanwhile, SodaStream dominates its market and competitors will have a difficult time catching up, Tilson added. Moreover, its valuation is "reasonable," he believes. Finally, SodaStream would be "a highly attractive" takeover target for Pepsi (PEP), Dr. Pepper Snapple (DPS), or even Nestle (NSRGY), Tilson contended. PRICE ACTION: In mid-morning trading, SodaStream rallied $1.82, or 4.6%, to $41.50.
News For SODA;PEP;NSRGY;DPS;NFLX;GGP From The Last 14 Days
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September 25, 2015
16:00 EDTNFLXOptions Update; September 25, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 25.09. Option volume leaders: AAPL NFLX BAC FB AU NKE PFE INTC AMZN TSLA
11:58 EDTNFLXStocks with call strike movement; TWTR NFLX
Twitter (TWTR) January 32 call option implied volatility increased 2% to 53, Netflix (NFLX) January 115.7 call option implied volatility decreased 2% to 55 according to IVolatility.
10:48 EDTNFLXMorgan Stanley cautious on media, but sees several stocks punished too hard
Morgan Stanley cut its price targets on a number of media companies, citing the impact of cord cutting and skinny bundles. The firm also reduced its outlook for the pay-TV sector due to its belief that the adoption of skinny bundles will accelerate, while the outlook for cable TV ads has deteriorated slightly, given macro pressures. The firm kept a Cautious view on the media sector, but also identified several stocks in the space that it thinks have been punished too harshly by investors recently. WHAT'S NEW: TV networks in general, and cable networks in particular, have the highest margins in media and are encountering increased top and bottom line competitive pressures, Morgan Stanley analyst Benjamin Swinburne believes. On the top line, they are being hit by ratings and ad pressures as well as cord cutting and distribution consolidation, the analyst stated. Meanwhile, their profit is being hurt by the increased need to obtain new content and intensified competition for content from new sources like Netflix (NFLX) and Google's (GOOG) YouTube, Swinburne said. However, the analyst thinks that media stocks are "starting to get" cheap, given the leverage that many of the companies carry. Swinburne cuts his price target on 21st Century Fox (FOXA) to $31 from $37, on AMC Networks (AMCX) to $86 from $88, on CBS (CBS) to $46 from $56, on Time Warner (TWX) to $72 from $87 and on Viacom (VIAB) to $48 from $60. He kept Overweight ratings on Fox, AMC and CBS, an Equal Weight rating on Time Warner and an Underweight rating on Viacom. OVERDONE DECLINES: Swinburne believes that the declines in three media stocks - CBS, 21st Century Fox, and AMC Networks - have been overdone, while the decline in Comcast's (CMCSA) stock has also been excessive. CBS and 21st Century Fox are "best positioned for the skinny bundle" and have the cheapest valuations relative to their growth rates, Swinburne believes. Meanwhile, AMC Networks has "content momentum" and its EPS can exceed expectations, the analyst believes. Comcast is gaining share in the broadband Internet market, could take share in video soon, and has sufficient scale and offerings to benefit from the increased popularity of skinny bundles, according to the analyst, who kept an Overweight rating on the stock. The media sector could benefit from consolidation going forward, added Swinburne, who recommended that investors interested in buying potential takeover targets in the space focus on AMC Networks, MSG Networks (MSG) and Dreamworks Animation (DWA). He kept Overweight ratings on all three of those stocks. OTHERS TO WATCH: Besides Comcast, other pay TV companies include DISH Network (DISH) and Charter Communications (CHTR). PRICE ACTION: In early trading, Fox A shares lost 0.5% to $25.83, AMC fell 0.3% to $73.29, CBS added 0.2% to $41, Time Warner was little changed at $67.66 and Comcast A shares added 0.6% to $57.17.
10:00 EDTGGPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3M (MMM) upgraded to Outperform from Neutral at Credit Suisse... ACE Limited (ACE) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Buy from Outperform at CLSA... Autoliv (ALV) upgraded to Sector Perform from Underperform at RBC Capital... Bed Bath & Beyond (BBBY) upgraded to Market Perform at Telsey Advisory... Box (BOX) upgraded to Buy at Canaccord... Chevron (CVX) upgraded to Peer Perform from Underperform at Wolfe Research... CyberArk (CYBR) upgraded to Buy from Neutral at Nomura... Exelon (EXC) upgraded to Buy from Neutral at Guggenheim... General Growth (GGP) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded on positive checks, developments at JMP Securities... KLA-Tencor (KLAC) upgraded to Outperform from Underperform at CLSA... Lam Research (LRCX) upgraded to Buy from Outperform at CLSA... Marvell (MRVL) upgraded to Buy from Hold at Craig-Hallum... Nike (NKE) upgraded on share gains at Sterne Agee CRT... Spirit Airlines (SAVE) upgraded to Outperform from Market Perform at Cowen... United Rentals (URI) upgraded to Neutral from Underperform at BofA/Merrill.
09:34 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL BAC FB NKE NFLX PFE AU TSLA
09:27 EDTGGPGeneral Growth upgraded to Outperform from Market Perform at BMO Capital
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08:10 EDTPEPPepsiCo Q3 should mark earnings trough, says JPMorgan
JPMorgan analyst John Faucher expects PepsiCo's earnings to trough in Q3 as currency headwinds peak. Earnings growth acceleration and gross margin upside position the stock well heading into 2016, the analyst argues. He reiterates an Overweight rating on PepsiCo with a $110 price target.
06:48 EDTNSRGYCereal makers tweak recipes in emerging markets, WSJ says
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06:13 EDTNFLXPiper's Munster sees building virtual reality momentum for Facebook
Piper Jaffray analyst Gene Munster says Facebook's (FB) virtual reality theme is building momentum after its Oculus unit announced a 50% price cut for its mobile VR solution headset to $99. Also announced was that the headset, named Gear VR, will work with five phones versus three in the past. A better virtual reality experience is now available to a larger market and the "critically important" content is growing, Munster tells investors in a research note. Oculus has partnerships with Netflix (NFLX), Hulu, Tivo (TIVO), Sega and Midway to bring their content into Gear VR, Munster points out. He expects Samsung to sell 5M-10M Oculus enabled Gear VR headsets next year, up from around 1M in 2015. Munster maintains an Overweight rating on Facebook with a $146 price target. The stock closed yesterday up 44c to $94.41.
September 24, 2015
20:04 EDTNFLXFacebook virtual reality initiative picks up speed with $99 Samsung device
Thursday's Oculus Connect 2 event saw numerous announcements from Facebook (FB) virtual reality subsidiary Oculus VR, including content deals with major media players as well as a $99 VR headset developed in conjunction with Samsung (SSNLF). CONTENT OFFERINGS: The virtual reality firm will be partnering with Fox (FOX, FOXA) and Lionsgate (LGF) to bring more than 100 films to the Oculus Store at launch. Additionally, Netflix (NFLX), Amazon's (AMZN), TiVo (TIVO), and Hulu -- the joint venture of Disney (DIS), Fox, and Comcast's (CMCSA, CMCSK) NBCUniversal -- will be launching apps for the company's virtual reality products, bringing web TV and streaming content to early adopters of the new technology. MAINSTREAM DEVICE: Samsung joined with Oculus to reveal a new $99 "Gear VR" headset on Thursday. Standing in contrast to Oculus' own pricier devices, the Samsung headset will rely on the company's Galaxy line of smartphones to power its virtual reality experiences. Note that a major point of contention regarding the "blockbuster" potential -- or lack thereof -- of VR technology is whether consumers will be willing to pay upwards of $399 for the Oculus gadgets. Samsung's Gear VR tends more towards what Piper Jaffray analyst Gene Munster has called "medium immersion" devices, potentially allaying investor concern over adoption rates with its more attractive point of entry. PRICE ACTION: Facebook shares closed higher by 0.5% and continued to rise in after-hours trading, up another 0.2%.
16:00 EDTNFLXOptions Update; September 24, 2015
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13:46 EDTNFLXNetflix says working on app with Facebook's Oculus
Anthony Park, VP of Engineering at Netflix said in a blog post, "We've been working with Oculus to develop a Netflix app for Samsung Gear VR. The app includes a Netflix Living Room, allowing members to get the Netflix experience from the comfort of a virtual couch, wherever they bring their Gear VR headset. It's available to Oculus users today." Reference Link
13:44 EDTNFLXOculus says bringing Netflix, Huly to GearVR, company says in tweet
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10:58 EDTNFLXStocks with call strike movement; TWTR NFLX
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09:32 EDTNFLXActive equity options trading on open
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08:02 EDTPEPPepsiCo sustainability initiatives delivered $375M in cost savings since 2010
September 23, 2015
16:00 EDTNFLXOptions Update; September 23, 2015
iPath S&P 500 VIX Short-Term Futures down 53c to 23.81 Option volume leaders: AAPL NFLX BAC FB BABA DOW RIG MU FCX PBR XOM JPM
13:06 EDTNSRGYNestle, AC Immune partner to develop new test for Alzheimer's
Nestle's Institute of Health Sciences has entered into an agreement with biopharmaceutical company AC Immune to develop a new, minimally invasive method of diagnosing Alzheimer's disease in its initial stages. Through the partnership, scientists will use exclusive NIHS technology that can measure certain biomarkers in the blood associated with cognitive decline. Reference Link
11:50 EDTNFLXStocks with call strike movement; EWZ NFLX
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09:18 EDTPEPPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
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