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Stock Market & Financial Investment News

News For T;CMCSA From The Last 14 Days
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August 3, 2015
06:17 EDTTAT&T says to bundle wireless service with DirecTV's pay-TV offerings
AT&T will deliver a nationwide package of TV and wireless services -- all from a single provider on one bill, with special discounts -- beginning Aug. 10. The offer includes HD and DVR service for up to four TV receivers, unlimited talk and text for four wireless lines, and 10GB of shareable wireless data – all for $200 per month, an annual savings of $600 or more in the first 12 months. As part of this launch on Aug. 10, and for the first time nationwide, new DIRECTV subscribers will have immediate access to programming – on their mobile devices via a walk out and watch TV experience – at point of sale. They can view it on their compatible mobile devices after leaving the store before TV service is installed. The walk out and watch feature will be delivered through the DIRECTV app and customers will have a limited time to activate their mobile TV service. AT&T sales representatives will assist customers to set up the app on their wireless device in the store. AT&T is now selling DIRECTV in more than 2,000 AT&T retail stores nationwide – integration built around customer convenience and simplification. TV packages available for 12-month promotional pricing include: DIRECTV Select or U-verse U-Family, $50 per month; DIRECTV Xtra or U-verse U-200, $70; DIRECTV Ultimate or U-verse U-300, $75; DIRECTV Premiere or U-verse U-450, $125. Customers may add AT&T's coast-to-coast wireless services, with 10GB of shareable data and unlimited talk and text for four phone lines for $160 per month. When combined on a single AT&T bill with the basic TV plan for $50, with service on up to four TVs, consumers will pay $200 per month for the All-in-One plan after a $10 a month combined bill discount.
August 2, 2015
17:22 EDTCMCSAComcast shows no sign of reducing theme park investments, NYT says
In a New York Times interview published Sunday, Comcast's (CMCSA, CMCSK) Universal Parks and Resorts chairman Tom Williams said, "We’re going to keep our foot on the pedal as far as it will go... Any chance we get to pour the gas directly into the carburetor, we’ll do that too." The report notes that Universal and parent company Comcast are pouring multiple billions into various theme park expansions as well as a new Beijing theme park set to open in 2019. Reference Link
15:11 EDTCMCSA'Mission: Impossible Rogue Nation' leads U.S. weekend box office with $56M
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July 31, 2015
16:00 EDTTOptions Update; July 31, 2015
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08:26 EDTCMCSADiscovery upgraded to Neutral from Sell at UBS
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06:50 EDTCMCSAComcast, Verizon differ over terms of wireless network deal, WSJ says
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05:59 EDTCMCSARovi price target lowered to $26 from $29 at Piper Jaffray
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July 30, 2015
10:51 EDTCMCSANBCU near to investments in BuzzFeed and Vox Media, Re/code says
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July 29, 2015
16:00 EDTTOptions Update; July 29, 2015
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11:06 EDTTSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
08:57 EDTTSynchronoss says company signed new 2 year agreement with AT&T
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July 28, 2015
09:42 EDTTActive equity options trading on open
Active equity options trading on open: AAPL BIDU FB NFLX F T FCX TWTR
July 27, 2015
14:19 EDTTTV One, AT&T extend agreement into 2026
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13:16 EDTT, CMCSAADT rises after Citi downplays 'smart home' concerns
Shares of ADT (ADT) are heading higher in afternoon trading following an upgrade from Citi, within which the research firm said traditional home security firms have plenty of traction as self-installed, self-monitored security solutions from the likes of Apple (AAPL) and Google's (GOOG) Nest are slow to be adopted by homeowners. WHAT'S NEW: Citi's Jason Bazinet issued a research note on the home security sector, upgrading ADT to Buy from Neutral while slightly lowering his price target to $39 from $40. Bazinet notes that the sector is expanding into "smart home" technology powered by companies like Apple and Google's Nest. Despite this, the analyst contends that consumer data shows continued preference for the traditional approach in the form of professionally installed and professionally monitored services from ADT, Monitronics, Vivint, AT&T (T) and Comcast (CMCSA, CMCSK). WHAT'S NOTABLE: Though tech firms and venture capitalists seem drawn towards the concept of self-installed, self-monitored "smart homes," consumers appear to be sticking with the professionals, says Citi. Security systems using Apple HomeKit and Google's Nest products are seeing "limited" adoption, and firms like ADT -- equipped with call centers and installation specialists -- appear ready to "hold their own," with recent weakness in ADT shares called an "opportunity" by Bazinet. The analyst conceded that professional security providers will see their market share drop to 15% from a current 20%, but Bazinet set a 2035 date for that shift, leaving plenty of near-term opportunity for traditional players. PRICE ACTION: After a 25% drop since mid-April, shares of ADT are up about 1.4% to trade near $32 this afternoon.
09:28 EDTCMCSADiscovery, Comcast reach long-term renewal agreement, Deadline reports
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08:04 EDTTAT&T reinstated with a Neutral at Goldman
Target $37.
07:14 EDTTAT&T, DirecTV deal conditions look reasonable, says Jefferies
Jefferies says the Federal Communications Commission' conditions for AT&T's (T) pending acquisition of DirecTV appear reasonable and should have a negligible impact on deal economics. The firm sees AT&T's upcoming analyst day in August as a positive catalyst for the shares. It keeps a Buy rating on the stock with a $40 price target.
06:09 EDTCMCSAFox Networks Group leads $300M funding round for DraftKings, WSJ reports
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July 26, 2015
15:59 EDTCMCSADisney's 'Ant-Man' leads U.S. weekend box office with $24.8M
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July 24, 2015
17:33 EDTTS&P announces changes to S&P 400, 500, and 600 indices
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16:30 EDTTStocks end week lower as Apple headlines busy week of earnings
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16:22 EDTTOn The Fly: Top stock stories for Friday
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15:16 EDTTAT&T completes acquisition of DirecTV
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15:06 EDTCMCSAEarnings 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.
14:35 EDTTFCC approves, with conditions, AT&T acquisition of DirecTV
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14:32 EDTTFCC approves AT&T acquisition of DirecTV
07:31 EDTCMCSAComcast outlook still attractive, says Wells Fargo
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July 23, 2015
20:09 EDTCMCSA'Jurassic World' sequel to be released June 2018, Variety says
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19:44 EDTTAT&T says 'interested' in broadcast auction
On its Q2 earnings conference call, AT&T said, "With regard to the dissipation in the broadcast auction, we did offer to participate when we first announced our intention to acquire DTV. We'll wait and see what the final terms and conditions with regard to any approval of that merger are. But in any event I would suggest to you that we'll be interested and prudent in investigating the opportunities to see what's available and participate in an appropriate way as we move forward."
19:42 EDTTAT&T says 'on track' to hit guidance metrics
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19:39 EDTTAT&T expecting DirecTV deal approval 'at any time'
On its Q2 earnings conference call, AT&T (T) said it expects "final approval at any time" for the DirecTV (DTV) transaction. The company said it was "very confident" it can make an adequate return on any investment it makes as part of the deal, and that it still fully expects to achieve $2.5B worth of cost synergies from the deal. AT&T said, "We are more confident than ever about the opportunity this transaction brings. We are building a unique communications and entertainment company that we believe will not only transform us but transform our industry as well."
18:59 EDTCMCSAComcast pursuing deals with multiple 'new media' companies, WSJ says
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18:21 EDTCMCSAOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
16:04 EDTTAT&T reports Q2 cash flow from operations of $9.2B, $4.5B in free cash flow
16:03 EDTTAT&T reports 2.1M net adds in Q2
Reports: 2.1 million net adds including 410,000 postpaid, 331,000 prepaid and 1 million connected cars; About 1.2 million branded (postpaid and prepaid) smartphones added to base; Positive branded phone net adds; Strong churn levels with continued low wireless postpaid churn of 1.01 percent and total churn of 1.31 percent; Strong phone-only postpaid ARPU with AT&T Next monthly billings growth, increased 6.1 percent year over year and 3.3 percent sequentially; Wireless operating margin of 25.6 percent; total EBITDA margin of 36.9 percent; with a best-ever adjusted EBITDA service margin of 48.5 percent.
16:01 EDTTAT&T reports Q2 adjusted EPS 69c, consensus 63c
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15:04 EDTTNotable companies reporting after market close
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12:39 EDTTEarnings Watch: Analyst sentiment positive on AT&T ahead of Q2 results
AT&T (T) is expected to report second quarter earnings after the market close on Thursday, July 23, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for earnings per share of 63c on revenue of $33.04B, according to First Call. The consensus range for EPS is 52c-67c on revenue of $32.51B-$33.84B. LAST QUARTER: AT&T reported first quarter adjusted EPS of 63c against estimates for 62c, on revenue of $32.58B against estimates for $32.84B. In Q1, the company reported the following: Wireless service revenues were down 3.7% to $14.81B; Phone-only postpaid ARPU decreased 9.6% versus the year-earlier quarter; Phone-only postpaid ARPU with AT&T Next monthly billings decreased 1.9% year over year, but increased 0.4% sequentially; Postpaid churn of 1.02%; 6.2M postpaid smartphone gross adds and upgrades in the quarter; 1.2M total wireless net adds, including 441,000 postpaid and 684,000 connected cars; 1.2M branded smartphones added to base, including 700,000 prepaid. AT&T noted its FY15 standalone guidance remained 'on track,' and said it expected the DirecTV (DTV) deal to close in Q2. STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to AT&T's Q2 earnings report with several firms issuing upgrades on the stock. On July 1, Oppenheimer raised their price target on AT&T to $40 from $36. Following AT&T's acquisition of DirecTV, Oppenheimer expects AT&T to benefit from cross-selling, new services, and higher wireless prices. The firm expects the company's free cash flow to be boosted by its winding down of Project VIP. The firm kept an Outperform rating on the stock. Also on July 1, Buckingham initiated AT&T with a Buy rating and $41 price target. On July 9, Stifel resumed coverage of AT&T with a Buy and $41.50 price target. PRICE ACTION: AT&T’s shares are up approximately 4% since the company's Q1 report. However, over the past 12 months, they are down about 5%. In afternoon trading ahead of tonight’s Q2 report, AT&T’s shares are down 0.7%.
12:32 EDTCMCSAOn The Fly: Top stock stories at midday
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09:58 EDTCMCSAComcast slips after earnings, levels to watch
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09:38 EDTTActive equity options trading on open
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07:20 EDTCMCSAComcast reports Q2 NBCUniversal revenue of $7.2B
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07:11 EDTCMCSAComcast reports Cable customer relationships increased by 31,000
Revenue for Cable Communications increased 6.3% to $11.7B in Q2 compared to $11.0B in the second quarter of 2014, driven by increases of 10.0% in high-speed Internet, 20.4% in business services and 3.7% in video. Customer Relationships increased by 31,000 to 27.3M in Q2, a 56,000 improvement compared to the second quarter of 2014 and driven by increases in double and triple product relationships. At the end of Q2, double and triple product customers increased to 69% of total customer relationships compared to 68% in the second quarter of 2014. Video net losses improved 52% year-over-year to 69,000 and were the best result for a second quarter in nine years, while High-Speed Internet customers grew by 180,000 and Voice net additions were 49,000.
07:02 EDTCMCSAComcast reports Q2 EPS 84c, consensus 84c
Reports Q2 revenue $18.7B, consensus $18.14B. Consolidated Operating Cash Flow increased 8.0% to $6.3B. Excluding $79M of Time Warner Cable (TWC) and Charter (CHTR) transaction-related costs in the second quarter of 2015 and $44M in the second quarter of 2014, consolidated operating cash flow increased 8.5%
06:56 EDTTAmerica Movil downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded America Movil (AMX) to Underweight saying competition coming from AT&T (T) will drive Mexican margins lower. The firm cut its price target for shares to $17.50 from $20.50.
05:59 EDTCMCSAEU 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
15:26 EDTCMCSANotable companies reporting before tomorrow's open
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15:16 EDTTFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
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15:02 EDTTOptions Update; July 22, 2015
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11:32 EDTTAT&T July weekly volatility elevated into Q2 and outlook
AT&T July weekly call option implied volatility is at 30, August is at 17, September is at 16; compared to its 52-week range of 12 to 44, suggesting large near term price movement into the expected release of Q2 results on July 23.
07:45 EDTCMCSAComcast July weekly volatility elevated into Q2 and outlook
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July 21, 2015
19:34 EDTTAT&T pleased with FCC order, sees closing DirecTV deal 'shortly' after approval
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18:54 EDTTAT&T announces Department of Justice completed review of acquisition of DirecTV
AT&T (T) released the following statement "We are pleased the Department of Justice has completed its review of our acquisition of DIRECTV (DTV). We look forward to gaining the approval of the Federal Communications Commission so we can quickly begin providing consumers with the benefits of this combination."
18:33 EDTTFCC chairman proposes to approve AT&T-DirecTV deal with conditions
In light of news reports concerning the proposed AT&T (T) and DirecTV (DTV) transaction, FCC chairman Tom Wheeler issued the following statement: "An order recommending that the AT&T-DirecTV transaction be approved with conditions has circulated to the commissioners... If the conditions are approved by my colleagues, 12.5M customer locations will have access to a competitive high-speed fiber connection. This additional build-out is about 10 times the size of AT&T’s current fiber-to-the-premise deployment... and more than triples the number of metropolitan areas AT&T has announced plans to serve. In addition, the conditions will build on the 'Open Internet Order' already in effect... First, in order to prevent discrimination against online video competition, AT&T will not be permitted to exclude affiliated video services and content from data caps on its fixed broadband connections. Second, in order to bring greater transparency to interconnection practices, the company will be required to submit all completed interconnection agreements to the Commission, along with regular reports on network performance... We will require an independent officer to help ensure compliance with these and other proposed conditions." Reference Link
18:24 EDTTFCC poised to approve AT&T acquisition of DirecTV, WSJ reports
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16:57 EDTTFCC poised to approve AT&T acquisition of DirecTV, DJ says
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