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Stock Market & Financial Investment News

News Breaks
December 18, 2012
19:30 EDTT, CMCSAAT&T gets FCC approval to purchase Comcast wireless licenses
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News For T;CMCSA From The Last 14 Days
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February 5, 2016
12:10 EDTCMCSAComcast management to meet with JPMorgan
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10:02 EDTCMCSAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded on valuation at Argus... Allstate (ALL) upgraded to Buy from Neutral at Citi... CACI (CACI) upgraded to Buy from Neutral at Citi... Coca-Cola Enterprises (CCE) upgraded to Neutral from Negative at Susquehanna... Coca-Cola (KO) upgraded to Neutral from Negative at Susquehanna... Comcast (CMCSA) upgraded following Q4 results at Argus... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Fluidigm (FLDM) upgraded to Buy from Neutral at Mizuho... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark... Goldman Sachs (GS) upgraded to Buy at UBS... JPMorgan (JPM) upgraded to Buy from Neutral at UBS... KeyCorp (KEY) upgraded to Buy from Neutral at UBS... Kona Grill (KONA) upgraded to Outperform from Market Perform at Telsey Advisory... LPL Financial (LPLA) upgraded to Neutral at Susquehanna... Level 3 (LVLT) upgraded to Overweight from Equal Weight at Stephens... Resolute Forest (RFP) upgraded to Outperform from Sector Perform at RBC Capital... Suburban Propane (SPH) upgraded to Buy from Neutral at Citi... Sysco (SYY) upgraded at Argus... U.S. Concrete (USCR) upgraded to Buy from Neutral at Citi... Ubiquiti (UBNT) upgraded to Buy from Hold at Wunderlich... United Natural Foods (UNFI) upgraded to Sector Perform from Underperform at RBC Capital... Weatherford (WFT) upgraded to Strong Buy from Market Perform at Raymond James... Whole Foods (WFM) upgraded to Neutral from Underperform at Longbow... Wi-LAN (WILN) upgraded to Speculative Buy from Hold at Canaccord.
09:19 EDTCMCSAComcast upgraded following Q4 results at Argus
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07:48 EDTCMCSAComcast reported strong Q4 results, says Oppenheimer
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07:20 EDTCMCSAComcast upgraded to Buy from Hold at Argus
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February 4, 2016
12:28 EDTTAdtran spikes after Cowen analyst sees revenue opportunity in AT&T pact
Shares of communications equipment maker Adtran (ADTN) are advancing after research firm Cowen raised his rating and price target on shares following recent industry checks. WHAT'S NEW: Cowen analyst Paul Silverstein raised his rating on Adtran shares to Market Perform from Underperform following industry checks regarding Adtran's new G.Fast broadband access project win at AT&T (T). Recent industry checks confirm that Adtran was selected by AT&T for its G.Fast broadband access build-out project, the analyst said, and noted that checks also show that Adtran is the only vendor selected by AT&T for the Outside Network Unit and Distribution Point Unit functions of the project. The analyst, who raised his price target on Adtran shares to $16 from $14, sees the pact with AT&T as a significant revenue opportunity for Adtran over the next few years. WHAT'S NOTABLE: Adtran reported fourth quarter results on January 20, with earnings per share coming in at 12c on revenue of $139M, beating analysts' projections of 3c and $137.75M, respectively. On its quarterly conference call, the company forecast revenue for the first quarter to be flat to slightly up. According to Cowen's research note today, Adtran won't realize revenue gains from its broadband pact with AT&T until the beginning of calendar year 2017. PRICE ACTION: Shares of Adtran are up over 4.5% to $18.98 in midday trading. OTHERS TO WATCH: Shares of Calix (CALX), which also sells broadband communications access systems and software for fiber- and copper-based networks, are up 1.35% in midday trading.
10:29 EDTCMCSACharter says 'difficult' to participate in auction without regulatory clarity
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10:01 EDTTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AT&T (T) initiated with a Buy at DA Davidson... Abaxis (ABAX) initiated with an Underperform at Credit Suisse... Aratana Therapeutics (PETX) initiated with an Outperform at Credit Suisse... Care.com (CRCM) initiated with an Equal Weight at Morgan Stanley... GCP Applied Technologies (GCP) initiated with a Buy at Jefferies... Heritage-Crystal Clean (HCCI) initiated with a Buy at Roth Capital... IDEXX (IDXX) initiated with an Outperform at Credit Suisse... Nexvet Biopharma (NVET) initiated with an Outperform at Credit Suisse... PetMed Express (PETS) initiated with an Underperform at Credit Suisse... Phibro Animal Health (PAHC) initiated with an Outperform at Credit Suisse... Pure Storage (PSTG) initiated with a Perform at Oppenheimer... SeaWorld (SEAS) initiated with a Neutral at Janney Capital... Seattle Genetics (SGEN) initiated with an Overweight at Barclays... VCA Inc. (WOOF) initiated with an Outperform at Credit Suisse... Verizon (VZ) initiated with a Neutral at DA Davidson... Zoetis (ZTS) initiated with an Outperform at Credit Suisse.
09:01 EDTCMCSAComcast risk/reward positive, says Pacific Crest
Pacific Crest believes that Comcast's Q4 results indicated that its video subscriber base is likely to grow this year, and the firm thinks the company's broadband trends remain healthy. It expects the company to benefit from an improving ad market, and keeps a $65 price target and Overweight rating on the shares.
06:28 EDTCMCSA, TNews Corp not interested in Yahoo acquisition, Business Insider says
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05:49 EDTTVerizon initiated with a Neutral at DA Davidson
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05:48 EDTTAT&T initiated with a Buy at DA Davidson
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February 3, 2016
18:41 EDTTYahoo hires Qatalyst to advise on strategic alternatives, Re/code says
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16:40 EDTCMCSAOn The Fly: Top stock stories for Wednesday
Stocks began the session in positive territory but were unable to hold their early gains. Following larger than expected builds in energy inventories, oil moved lower, taking equities with it. By the noon hour oil prices recovered and moved higher once again, helping to lift equities. While oil prices continued their advance and moved up more than 7%, stocks lagged, especially the Nasdaq, which was down as much as 1.5% this afternoon. That changed in the last hours of trading, which saw the Dow spurt higher and the Nasdaq recover most of its losses heading into another heavy dose of corporate earnings reports after the close. ECONOMIC EVENTS: In the U.S., ADP estimated that private payrolls grew by 205,000 jobs in January, topping the consensus forecast for 190,000 job additions. Markit's services PMI came in at 53.2, versus the consensus 53.7 forecast. The Institute for Supply Management's non-manufacturing index came in at 53.5 for January, down from 55.3 in the previous month and below the 55.1 reading forecast by analysts. In Asia, the Caixin services PMI for China climbed to 52.4 in January from 50.2 in December, while Japan's services PMI rose to 52.4 from 51.5 in the prior month. Additionally, China's National Development and Reform Commission set its economic growth projection range for this year at 6.5%-7%, noting that attempts to curb overcapacity will increase unemployment in provinces with high output of steel and coal. In Europe, Markit's composite purchasing managers index for January declined to 53.6 from 54.3 in December. COMPANY NEWS: Shares of Yahoo (YHOO) declined 4.75% to $27.68 after the embattled Internet company reported fourth quarter results and announced plans to simplify its product portfolio and reduce its workforce by roughly 15%. Maynard Webb, Yahoo's chairman, said the board is committed to its turnaround efforts and supportive of management's plan, but also believes that exploring additional strategic alternatives is in the best interest of its shareholders... Chipotle Mexican Grill (CMG) fell 2.89% to $461.92 after reporting lower than expected revenue and a 14% plunge in same-store sales for the quarter. Adding to the negative headlines, the restaurant operator also disclosed a subpoena broadening the scope of a criminal investigation that was previously limited to a single Chipotle location in California. Also punished by food safety worries were shares of Buffalo Wild Wings (BWLD), which slid 4.24% to $143.64 after one of its restaurants was named a suspected source of new norovirus-like cases in suburban Kansas City, though the company disputed a link between its location and the illnesses. The stock continued to move lower in after-hours trading following the company's earnings report and lower than expected guidance... Merck (MRK) was one of the worst performers on the Dow, dipping to as low as $48.58 before ending the day down 0.7% at $50.04 after its earnings narrowly topped estimates but guidance for the new year fell short of expectations. Among other large cap names reporting earnings this morning, Comcast (CMCSA) rose 5.95% following its report, while General Motors (GM) slid 2.43%. MAJOR MOVERS: Among the notable gainers was Autodesk (ADSK), which rallied 8% to $49.56 after announcing a restructuring plan that will see its workforce cut by roughly 10%. Also higher was Angie's List (ANGI), which jumped 13.53% to $9.48 after the New York Post reported that InterActiveCorp (IAC) is preparing a "big run" to acquire the company. In addition, Syngenta (SYT) rose 2% to $80.21 after receiving a $43B-plus takeover offer from ChemChina. Among the noteworthy losers was Lowe's (LOW), which fell 6.2% to $67.42 after agreeing to acquire Canada's RONA in a deal valued at $2.3B. Also lower was Barnes & Noble (BKS), which declined 9.6% to $7.32 after mall operator General Growth (GGP) said during a conference call that Amazon (AMZN) plans to open 300-400 physical bookstores. After the closing bell, General Growth CEO Sandeep Mathrani indicated that his previous statement "was not intended to represent Amazon's plans." Meanwhile, Marathon Petroleum (MPC), Mondelez (MDLZ) and Match Group (MTCH) lost 7.6%, 6.5% and 12.6%, respectively, following their quarterly reports. INDEXES: The Dow rose 183.12, or 1.13%, to 16,336.66, the Nasdaq fell 12.71, or 0.28%, to 4,504.24, and the S&P 500 advanced 9.50, or 0.5%, to 1,912.53.
14:09 EDTTBain, TPG among PE firms weighing bid for Yahoo core, FT reports
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13:37 EDTCMCSA, TComcast to be possible bidder for wireless airwaves, Bloomberg says
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07:09 EDTCMCSAComcast reports Q4 NBCUniversal revenue up 13%
Revenue for NBCUniversal increased 13% to $7.5B in the fourth quarter of 2015 compared to $6.6B in the fourth quarter of 2014. Operating Cash Flow increased 8.7% to $1.6B compared to $1.4B in the fourth quarter of 2014. Revenue for NBCUniversal excluding Universal Studios Japan increased 10.5%. Operating Cash flow excluding Universal Studios Japan and $22M of costs associated with a change in the presentation of amounts payable for a contractual obligation in the fourth quarter of 2015, increased 4.7%, driven by strong results at Filmed Entertainment and Theme Parks
07:07 EDTCMCSAComcast reports Q4 Cable Communications revenue up 5.9%
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07:06 EDTCMCSAComcast board increases stock repurchase program authorization to $10B
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07:06 EDTCMCSAComcast increasing dividend 10% to $1.10 per share on annualized basis
Comcast increased its dividend by 10.0% to $1.10 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.275 a share on the company's common stock, payable on April 27, 2016 to shareholders of record as of the close of business on April 6, 2016.
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