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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:46 EDTTWC, CVC, CMCSA, CHTR, TMUST-Mobile says open to partner with cable companies on cellular/Wi-Fi
T-Mobile (TMUS) sees cellular/Wi-Fi to be "particularly disruptive" to carriers. Publicly traded cable companies include Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC). T-Mobile executives, including its CEO, CFO and CMO, are speaking at the MoffettNathanson Media & Communications Summit.
News For TMUS;CMCSA;TWC;CHTR;CVC From The Last 14 Days
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August 25, 2015
13:59 EDTCMCSAHouzz acquires GardenWeb from NBCUniversal
Houzz, a start-up that operates a platform for home remodeling and design, announced on its corporate blog that it has completed the acquisition of the GardenWeb home and gardening community from Comcast's NBCUniversal. Reference Link
10:01 EDTCVCCablevision, CBS reach new comprehensive content carriage agreement
Cablevision Systems Corporation (CVC) and CBS Corporation (CBS) announced a broad-based multi-year content carriage agreement. The new deal covers retransmission consent for CBS-owned stations, and the continued carriage of SHOWTIME(R), CBS Sports Network and Smithsonian Channel. Financial terms were not disclosed. As part of the new agreement, Cablevision is the first cable or satellite provider to announce plans to distribute CBS All Access and SHOWTIME Internet services to its Optimum Online customers. Pricing plans, timing and other particulars will be provided at a later time.
08:33 EDTCMCSAComcast expands advanced fiber network to Meyers Business Park
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07:07 EDTCMCSAComcast to increase speeds for Xfinity Twin Cities area customers
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August 23, 2015
16:22 EDTCMCSA'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTCMCSAFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
11:54 EDTTMUSInteliquent upgraded to Strong Buy from Buy at BWS Financial
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06:10 EDTCMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
10:57 EDTTMUST-Mobile promotion gives Netflix analyst greater confidence
UBS raised its price target on Netflix (NFLX) to $143 from $116, saying that its confidence in the company's outlook has improved following a promotion undertaken by T-Mobile (TMUS). WHAT'S NEW: T-Mobile recently began offering one free year of Netflix to consumers who switch to its wireless service, UBS analyst Doug Mitchelson wrote in a note to investors today. Mitchelson said that the promotion increases his confidence in the outlook for Netflix's U.S. business. Moreover, he believes that Netflix could "become a standard promotional tool" for wired and wireless broadband providers going forward. Although Netflix's stock "looks very expensive" in the near-term, the company's long-term opportunity is "extraordinary," given the potential size of the global streaming market, the analyst stated. Mitchelson's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. He raised his price target on the name to $143 from $116 and kept a Buy rating on the shares. WHAT'S NOTABLE: On August 10, research firm Stifel raised its price target on Netflix to $143 from $128, saying that the company's U.S. subscriber base can reach 80M by 2024, above the midpoint of its guidance. PRICE ACTION: In mid-morning trading, Netflix fell 1% to $122.
10:20 EDTTWC, TMUS, CHTR, CMCSABig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCHTR, CMCSAOn The Fly: Analyst Upgrade Summary
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09:13 EDTCMCSAComcast upgraded to Buy from Neutral at MoffettNathanson
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08:17 EDTTMUST-Mobile should be bought at current levels, says Pacific Crest
After conducting checks, Pacific Crest says that T-Mobile's sales remain high, while its decision to cut back on discounts on unlimited plans should boost its ARPU. The firm continues to identify the stock as its top pick in the sector and keeps an Overweight rating on the shares.
07:58 EDTCHTRCharter upgraded to Buy from Neutral at MoffettNathanson
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06:01 EDTTMUSNetflix price target raised to $143 from $116 at UBS
UBS analyst Doug Mitchelson raised his price target for Netflix (NFLX) shares to $143 after increasing his longer term revenue assumptions. The streaming service closed yesterday down $1.31 to $124.05. Mitchelson upped his 2020-2026 revenue estimates to reflect his belief that Netflix will successfully monetize its streaming platform beyond just monthly subscription fees, such as bundling and promoting third party services. He has increased confidence in the company's U.S. growth outlook after T-Mobile (TMUS) just launched a promotion for its wireless service that included one free year of Netflix. As competition among broadband providers intensifies, Netflix's inexpensive monthly streaming service could become one of the standard promotional tools, Mitchelson tells investors in a research note. The analyst's "upside case" for Netflix shares is $199 while his "downside case" is $55. The downside case assumes Hollywood starts restricting content licensing to streaming services like Netflix in attempt to slow their growth. Mitchelson keeps a Buy rating on Netflix.
August 18, 2015
16:49 EDTCMCSA, CHTROn The Fly: Top stock stories for Tuesday
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13:33 EDTTMUSOn The Fly: Top stock stories at midday
Repeating yesterday's start, the market began the session in negative territory before recapturing those losses. Early weakness was attributed to a dip in Wal-Mart (WMT) shares after the company's earnings report as well as a selloff in the Chinese market overnight. Heading into the afternoon, the market has drifted back across the flat line, with all three indices negative despite July's housing starts showing the strongest reading in eight years. ECONOMIC EVENTS: In the U.S., housing starts edged up 0.2% in July to 1.206M, outpacing consensus estimates for 1.180M in the best reading since October 2007. Building permits fell 16.3% to 1.119M against expectations for 1.230M from a revised 1.337M in June, while single family starts rose 12.8% and multifamily numbers fell 17.0%. In Europe, Eurozone parliaments are set to vote on Greece's prospective bailout deal this week, with Reuters reporting earlier today that the Austrian parliament has approved the EUR86B agreement. COMPANY NEWS: Shares of National Penn (NPBC) rose nearly 17% to $12.77 after BB&T (BBT) agreed to acquire the company in a $1.8B cash and stock deal. On a conference call discussing the acquisition, BB&T CEO Kelly King called the "very, very synergistic" deal a "compelling use of capital," adding that the company expects to consolidate about 25 branches to help drive annual cost savings of $65M... Wal-Mart (WMT) fell roughly 3.2% to near $69.50 after cutting its full year earnings outlook this morning, with CFO Charles Holley noting that operating profit will see continued pressure. Meanwhile, Home Depot (HD) and Dicks Sporting Goods (DKS) saw respective gains of about 2.3% and 1.8% after their pre-market earnings reports. MAJOR MOVERS: Among the notable gainers was Omeros (OMER), surging more than 69% to $24.58 after releasing positive preliminary data on its Phase 2 trial of OMS721 for the treatment of organ blood clots. Also higher was Inteliquent (IQNT), rising about 19% to $21.24 after announcing a three-year agreement with T-Mobile (TMUS) to provide IP voice services for the carrier. Separately, Lumber Liquidators (LL) has gained almost 5.7% to nearly $15 in afternoon trading after announcing the appointment of Jill Witter as Chief Compliance and Legal Officer. Among the noteworthy losers was Esperion (ESPR), falling over 11% despite rising 5% in pre-market trading after reporting that the ETC-1002 Phase 3 program is on track, adding that the FDA will not require a cardiovascular outcomes trial prior to the drug's potential approval. Also lower was American Apparel (APP), slipping about 1.9% after disclosing "substantial doubt" about its ability to sustain operations during the coming year. INDEXES: Near midday, the Dow was down 40.37, or 0.23%, to 17,504.81, the Nasdaq lost 26.86, or 0.53%, to 5,064.96, and the S&P 500 was lower by 6.02, or 0.29%, to 2,096.41.
11:34 EDTTMUSSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
10:17 EDTCMCSA, CHTR, TWCDisney downgraded as Wells moves away from content providers
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08:04 EDTCMCSABuzzFeed says NBCUniversal to make $200M equity investment in company
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