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Stock Market & Financial Investment News

News Breaks
March 6, 2014
10:25 EDTNFLX, PEP, DPS, SODA, GGP, NSRGYSodaStream 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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February 26, 2015
09:35 EDTNFLXActive equity options trading on open
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February 25, 2015
11:52 EDTSODASodaStream drops sharply after results, hits fresh life low
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11:47 EDTNFLXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
11:19 EDTNFLXNetflix to premiere five new shows for kids
Netflix announced that it is adding five new animated and live-action comedy series to its selection of kids and family entertainment. These include Danger Mouse, planned for Spring 2016, Inspector Gadget in March 2015, Some Assembly Required in Summer 2015, Bottersnikes & Gumbles in Spring 2016 and SUPER 4, a new CGI animated series inspired by PLAYMOBIL, which makes its U.S. premiere in April exclusively on Netflix.
09:08 EDTSODAOn The Fly: Pre-market Movers
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08:54 EDTSODASodaStream says Q4 was 'particularly challenging' in U.S.
Says "confident" that growth plan will put company on profitable growth trajectory. Says Q4 was "particularly challenging" for company in the U.S. Says starting to see recovery in Japanese market. Says will take time for initiatives to gain traction. Comments made on the Q4 earnings conference call.
07:32 EDTSODASodaStream recorded charges of $15.6M in Q4 as part restructuring plan
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07:31 EDTSODASodaStream reports Q4 adjusted EPS 35c, consensus 18c
Reports Q4 revenue $126.53M, consensus $127.09M
06:32 EDTSODASodastream weekly volatility elevated into Q4 and outlook
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February 24, 2015
10:01 EDTNFLXNetflix teams up with Judd Apatow for 'Pee-wee's Big Holiday'
Netflix will premiere exclusively in all of its territories the new feature film, Pee-wee's Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman. Judd Apatow and Reubens, who worked together to bring the project to fruition, will produce the film. Production is slated to begin in early 2015.
07:15 EDTNFLXNetflix may enter Russia within two years, Hollywood Reporter says
Netflix' head of communications in Europe, Joris Evers, says the company hopes to make its entrance in Russia within the next two years, The Hollywood Reporter says. Reference Link
February 23, 2015
12:37 EDTSODA, PEPSodaStream not a likely target of PepsiCo, NY Times says
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February 22, 2015
17:31 EDTNSRGYNestle looks to boost productivity in Switzerland, Reuters says
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February 20, 2015
11:51 EDTSODASodastream weekly volatility elevated at 106 into Q4 and outlook
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February 19, 2015
16:01 EDTNFLXOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
05:36 EDTNSRGYNestle aims to achieve organic growth of around 5%
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05:35 EDTNSRGYNestle reports FY14 organic growth of 4.5%
Nestlé'sFY14 organic growth was 4.5%, composed of 2.3% real internal growth and 2.2% pricing. Sales were CHF 91.6B, down 0.6%, impacted by negative foreign exchange of -5.5%. Acquisitions, net of divestitures, added 0.4% to sales.
February 18, 2015
16:00 EDTNFLXOptions Update; February 18, 2015
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09:37 EDTNFLXOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
February 17, 2015
07:15 EDTPEPConsumer Analyst Group of New York (CAGNY) to hold a conference
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