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Stock Market & Financial Investment News

News Breaks
January 7, 2014
06:04 EDTSNE, TMUSSony to sell waterproof smartphone via T-Mobile, AP says
Sony (SNE) has revealed its new Xperia Z1s, a waterproof smartphone, which will cost $528 through T-Mobile (TMUS), according to the Associated Press, citing comments from a Sony executive. Reference Link
News For TMUS;SNE From The Last 14 Days
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September 1, 2015
05:49 EDTSNESony Mobile Taiwan look to acquire 20% market share of wearables, DigiTimes says
Sony Mobile Taiwan is looking to acquire 20% market share for new wearable devices, reports DigiTimes. Sony Mobile Taiwan general manager Jonathan Lin said the company will treat Internet of Things and smart wearable device as the future development focus. Reference Link
August 31, 2015
20:04 EDTSNENext Apple TV device to feature deep support for gaming, 9to5Mac says
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09:37 EDTTMUST-Mobile to restrict unlimited customers using up to 2 terabytes of data/month
T-Mobile CEO John Legere said in a blog post that "This week, I am taking aim at a select group of individuals who have actually been stealing data from T-Mobile. If their activities are left unchecked their actions could eventually have a negative effect on the experience of honest T-Mobile customers. Not on my watch. We've built the T-Mobile network to reach 290 million Americans with the fastest 4G LTE speeds around. We drive hard every day for our network to reach more people and to keep giving customers the fastest data speeds in the USA. I won't let anyone jeopardize that. So we are going after a small group of users who are stealing data so blatantly and extremely that it is ridiculous. Here's what's happening: when customers buy our unlimited 4G LTE plan for their smartphones we include a fixed amount of LTE to be used for tethering, at no extra cost, for the occasions when broadband may not be convenient or available. If customers hit that high-speed tethering limit, those tethering speeds slow down. If a customer needs more LTE tethering, they can add-on more. However, these violators are going out of their way with all kinds of workarounds to steal more LTE tethered data. They're downloading apps that hide their tether usage, rooting their phones, writing code to mask their activity, etc. They are 'hacking' the system to swipe high speed tethered data. These aren't naive amateurs; they are clever hackers who are willfully stealing for their own selfish gain. It's a small group - 1/100 of a percent of our 59 million customers - but some of them are using as much as 2 terabytes of data in a month. We are going after every thief, and I am starting with the 3,000 users who know exactly what they are doing. The offenders start hearing from us tomorrow. No more abuse and no risk to the rest of our customers' experience. It's over." Reference Link
August 30, 2015
17:13 EDTSNE'Compton' leads again as 'We Are Your Friends' stumbles at box office
Hip hop biopic "Straight Outta Compton" continued its domestic box office dominance while Christian drama "War Room" outpaced analyst estimates and electronic dance flick "We Are Your Friends" fizzled. U.S. WEEKEND LEADER: Comcast (CMCSA, CMCSK) subsidiary Universal's "Straight Outta Compton" grossed $13.2M domestically for the weekend of August 30, securing the top box office spot for a third consecutive week. In a record-breaking performance for musical biopics, the gangster rap film has earned $134.1M in the U.S. since opening earlier this month. Though Warner Bros.' (TWX) "We Are Your Friends" was predicted to challenge "Compton" with sales ranging $8M-$10M, the Zac Efron-led electronic music film flopped at just $1.8M. BOX OFFICE RUNNERS-UP: Produced with an estimated budget of $3M, Sony's (SNE) faith-based drama "War Room" debuted at $11M against expectations for $5M-$8.5M after leading in advance ticket sales. Viacom (VIA, VIAB) subsidiary Paramount's "Mission: Impossible Rogue Nation" relinquished its grip on second place with an $8.3M gross for the weekend, while Weinstein Company's action thriller "No Escape" opened in fourth place at $8.29M. "Sinister 2" from Comcast subsidiary Focus Features rounded out this weekend's Top 5 at $4.7M.
August 28, 2015
11:16 EDTSNEBattleground: Benchmark says sell GameStop, Piper says bears misguided
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10:43 EDTSNEFly Watch: 'Straight Outta Compton' expected to lead box office for third week
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07:43 EDTSNEGameStop bear thesis not playing out, says Piper Jaffray
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August 27, 2015
11:25 EDTTMUSSamsung Pay beta available on all U.S. carriers except Verizon, Verge reports
Samsung (SSNLF) Pay's beta is available on all major U.S. carriers, including AT&T (T), Sprint (S), T-Mobile (TMUS), and U.S. Cellular (USM), except for Verizon (VZ), the Verge reports. Verizon is "evaluating" Samsung Pay currently, and may very well miss the September 28th launch of the product, the report says. Reference Link
August 26, 2015
06:22 EDTTMUSGoogle fear Verizon, T-Mobile cell signs could crowd WiFi channels, WSJ says
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August 21, 2015
06:01 EDTSNEABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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August 20, 2015
11:54 EDTTMUSInteliquent upgraded to Strong Buy from Buy at BWS Financial
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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 EDTTMUSBig telecom firms put M&A on hold, CTFN reports
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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.
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.

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