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Stock Market & Financial Investment News

News Breaks
January 10, 2014
07:19 EDTFOXA, CVC, STRZA, VIA, AMCX, CBS, LMCAStarz could be M&A target after one year spin aniversary passes, NY Post says
Starz (STRZA) had been barred from holding sales talks for a year after being spun off by Liberty Media (LMCA), according to sources, but with the company set to mark one year as a standalone company next week there has been renewed gossip about whether it will seek a suitor this year, said the New York Post. The most obvious suitor for Starz is Cablevision (CVC) CEO James Dolan, who also controls AMC Networks (AMCX), but other potential partners that "continually crop up" include CBS (CBS), Viacom (VIA) and 21st Century Fox (FOXA), according to the report. Reference Link
News For STRZA;LMCA;AMCX;CVC;CBS;VIA;FOXA From The Last 14 Days
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January 26, 2015
06:31 EDTCVCCablevision to launch cheap mobile phone service, NY Times says
Cablevision (CVC) intends to unveil later today a cheap, Wi-Fi based mobile phone service, according to The New York Times. The first service of its kind to be introduced by a cable company, the offering will include unlimited data, talking and texting worldwide for $29.95 a month, or $9.95 a month for Cablevision’s Optimum Online customers, the newspaper stated. Incumbent wireless carriers include Verizon (VZ), AT&T (T), T-Mobile (TMUS), and Sprint ()S). Reference Link
January 22, 2015
14:00 EDTFOXA21st Century Fox initiated with a Hold at Societe Generale
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14:00 EDTCBSCBS initiated with a Hold at Societe Generale
Target $60.
10:03 EDTAMCXOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Networks (AMCX) upgraded to Buy from Neutral at Nomura... Alcatel-Lucent (ALU) upgraded to Conviction Buy from Neutral at Goldman... Chuy's (CHUY) upgraded at Wells Fargo... Coty (COTY) upgraded to Buy from Neutral at Citigroup... Era Group (ERA) upgraded to Buy from Hold at Evercore ISI... Exterran (EXH) upgraded to Buy from Hold at Evercore ISI... F5 Networks (FFIV) upgraded to Buy from Neutral at Buckingham... Joy Global (JOY) upgraded to Outperform from Market Perform at BMO Capital... Lennox (LII) upgraded to Buy from Neutral at UBS... RSA Insurance (RSNAY) upgraded to Outperform from Neutral at Credit Suisse... Rockwell Automation (ROK) upgraded to Buy from Neutral at UBS... SodaStream (SODA) upgraded to Hold from Sell at Stifel... eBay (EBAY) upgraded to Equal Weight from Underweight at Morgan Stanley.
08:09 EDTAMCXAMC Networks upgraded to Buy from Neutral at Nomura
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January 21, 2015
18:10 EDTVIAGoogle, Viacom win dismissal of suit on children's web privacy, Re/code reports
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08:09 EDTSTRZADTS to enhance Starz audio technology on Microsoft's Xbox One
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06:17 EDTFOXAOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
14:00 EDTVIAFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
07:38 EDTSTRZAStarz upgraded to Overweight from Equal Weight at Morgan Stanley
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07:25 EDTFOXA, AMCX, VIAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link
07:20 EDTVIAViacom weakness overdone, says RBC Capital
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06:30 EDTSTRZAStarz upgraded to Overweight from Equal Weight at Morgan Stanley
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06:06 EDTFOXADreamWorks planning to lay off 'substantial' number of staff, LA Times reports
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January 18, 2015
16:46 EDTFOXAWarner Bros.' 'American Sniper' takes top spot with $90.2M at box office
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13:25 EDTCBSNFL, CBS renew agreement for Thursday Night Football
The National Football League will continue its partnership with CBS to produce and televise Thursday Night Football for the 2015 season, it was announced by NFL Commissioner Roger Goodell and Leslie Moonves, president and CEO of CBS Corp., and Sean McManus, Chairman, CBS Sports. CBS will broadcast the first eight Thursday Night Football games which also will be simulcast on NFL Network. NFL Network will also exclusively televise eight games in the run-up to the playoffs. The mix of games will include 14 on Thursday nights and two late-season games on Saturday. The full slate of 16 regular-season games will be produced by CBS with its lead broadcasters and production team on all Thursday night games. The pregame, halftime and postgame shows will continue to feature NFL Network and CBS Sports hosts and analysts. The agreement is for the 2015 season with an additional year at the NFL’s option. “We are pleased to extend our partnership with CBS for Thursday Night Football,” said Goodell. “The promotion and production by CBS and NFL Network last season made Thursday night a night for NFL football. We look forward to working again next season with CBS. ”The programming relationship between the NFL and CBS will expand to include, among other elements, the development of new programming initiatives across the various CBS and NFL platforms. In addition to Thursday Night Football in 2015, CBS will conclude its 56th year broadcasting the NFL with its exclusive presentation of Super Bowl 50 from Levi's Stadium in Santa Clara, Calif. on Feb. 7, 2016. Reference Link
January 16, 2015
11:16 EDTFOXA, VIA, CBSCBS, Viacom climb following Stifel upgrades
Shares of CBS (CBS) and Viacom (VIA, VIAB) are climbing after research firm Stifel upgraded the stocks to Buy from Hold. CBS owns the CBS network and other entertainment properties. Viacom owns a number of cable networks, including MTV and Nickelodeon. WHAT'S NEW: CBS' NFL rights leave it well-positioned to charge cable companies and other TV providers high fees, Stifel analyst Benjamin Mogil wrote in a note to investors today. Meanwhile, the company's strong ratings and lower production costs reduce its risk, Mogil stated. CBS has more opportunities when it comes to selling its content to Internet TV networks such as Netflix (NFLX), Mogil believes. The analyst set a $65 price target on the shares. Meanwhile, Mogil believes that Viacom should benefit from the adoption of ratings measurements other than Nielsen's (NLSN) tools. Viacom has complained that Nielsen's tools have underestimated its ratings by failing to adequately take into account new types of content consumption, the analyst noted. Viacom's recent expansion into new international markets should also improve its performance, Mogil stated. He set an $89 price target on the shares. ANOTHER TO WATCH: Mogil initiated coverage of Twenty-First Century Fox (FOXA) with a $41 price target and Buy rating, saying that the company is well-positioned to benefit from its wide range of sports programming. He set a $41 price target on the shares. PRICE ACTION: In late morning trading, CBS advanced 2.75% to $55, Viacom gained 2.5% to $68, and Twenty-First Century Fox rose 0.4% to $34.72.
10:01 EDTCBS, FOXAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 21st Century Fox (FOXA) initiated with a Buy at Stifel... Arista Networks (ANET) initiated with a Neutral at Buckingham... Boston Beer (SAM) initiated with a Buy at Jefferies... Brocade (BRCD) initiated with a Neutral at Buckingham... CBS (CBS) initiated with a Buy at Stifel... Cabela's (CAB) initiated with an Outperform at Raymond James... Coach (COH) initiated with a Market Perform at Bernstein... Costco (COST) initiated with an Outperform at BMO Capital... Crane (CR) initiated with a Hold at Canaccord... Flowserve (FLS) initiated with a Neutral at Susquehanna... Fortinet (FTNT) initiated with a Buy at Buckingham... Gap (GPS) initiated with a Market Perform at Bernstein... GrubHub (GRUB) initiated with a Buy at Stifel... Imperva (IMPV) initiated with a Neutral at Buckingham... KLX Inc. (KLXI) initiated with a Sector Perform at RBC Capital... KNOT Offshore Partners (KNOP) initiated with a Buy at UBS... L Brands (LB) initiated with a Market Perform at Bernstein... Michael Kors (KORS) initiated with an Outperform at Bernstein... Northstar Realty (NRF) initiated with a Buy at Sterne Agee... OmniVision (OVTI) initiated with a Buy at Rosenblatt... Qorvo (QRVO) initiated with a Buy at Brean ... RSP Permian (RSPP) initiated with an Outperform at Northland... Ross Stores (ROST) initiated with a Market Perform at Bernstein... SPX Corp. (SPW) initiated with a Neutral at Susquehanna... TJX (TJX) initiated with an Outperform at Bernstein... Tiffany (TIF) initiated with a Market Perform at Bernstein... Viacom (VIAB) initiated with a Buy at Stifel... Xylem (XYL) initiated with a Neutral at Susquehanna... iGATE (IGTE) initiated with a Buy at Deutsche Bank... lululemon (LULU) initiated with an Outperform at Bernstein.
10:01 EDTCBSOn The Fly: Analyst Upgrade Summary
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07:00 EDTCBSCBS upgraded to Buy from Hold at Stifel
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