New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 25, 2014
06:21 EDTTMUST-Mobile reports Q4 ARPU down 2.9% to $50.70.
Reports Q4 adjusted EBITDA $1.24B. Reports Q4 U.S. total smartphone sales of 6.2M units.
News For TMUS From The Last 14 Days
Check below for free stories on TMUS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent TMUS news | >>
August 8, 2014
06:08 EDTTMUST-Mobile plans to overtake Sprint in total customers by end of year, CEO says
Subscribe for More Information
August 7, 2014
08:09 EDTTMUSIliad to step up pitch for T-Mobile takeover, FT says
Subscribe for More Information
07:59 EDTTMUSDISH price target raised to $78 from $62 at Brean Capital
Subscribe for More Information
06:39 EDTTMUSDeutsche says firm has no bid which sweetens T-Mobile U.S., Reuters says
Subscribe for More Information
06:28 EDTTMUSDeutsche CEO asks for regulators help in spectrum auction, Reuters says
Subscribe for More Information
06:17 EDTTMUSSoftbank shifting focus to Sprint turnaround, WSJ reports
SoftBank's (SFTBF) decision to end its pursuit of T-Mobile US (TMUS) has shifted focus to how the company will turn around Sprint (S) without the deal as well as other potential investment targets, the Wall Street Journal reports. Reference Link
August 6, 2014
17:05 EDTTMUSOn The Fly: Closing Wrap
Stocks on Wall Street were nearly unchanged following a session dominated by talk of big name deals that did not happen. The market moved lower in the early going but found a level in the second half hour of trading and began to drift off the bottom. The averages crossed into positive territory about an hour after the opening bell and then spent most of the afternoon drifting. ECONOMIC EVENTS: In the U.S., the trade deficit narrowed to $41.5B in June from a revised $44.7B in May. In Europe, Italian GDP unexpectedly contracted 0.2% in Q2, putting the country into a technical recession, while German manufacturing orders surprised with a 3.2% June drop. COMPANY NEWS: Time Warner (TWX) reported better than expected quarterly profits, but its stock fell $10.95, or 12.85%, to $74.24 after 21st Century Fox (FOXA, FOX) last night announced that it had withdrawn its takeover bid for the parent of HBO, Warner Bros. and other entertainment properties. Class A shares of 21st Century Fox advanced $1.03, or 3.29%, to $32.33 in the wake of the news and the company's announcement of a $6B share repurchase program... Wireless carriers Sprint (S) and T-Mobile (TMUS) both fell after multiple media outlets reported that the third largest mobile phone carrier in the U.S. has ended its pursuit of trying to combine with the fourth largest one. Sprint, which also replaced CEO Dan Hesse with Marcelo Claure, the founder and CEO of SoftBank (SFTBF) subsidiary Brightstar, declined $1.38, or 18.96%, to $5.90, while T-Mobile shares slid $2.85, or 8.4%, to $31.06. MAJOR MOVERS: Among the notable gainers was brewer Molson Coors (TAP), which rose $3.87, or 5.76%, to $71.08 after the company's second quarter profits topped expectations. Also higher following its earnings report was Enphase Energy (ENPH), which advanced $1.36, or 14.02%, to $11.06. Among the noteworthy losers was Walgreen (WAG), which dropped $9.91, or 14.34%, to $59.21 after the company exercised its option to acquire the remaining 55% of Alliance Boots that it does not already own but said its purchase of the rest of the U.K.'s Boots will not be a "tax inversion" deal, as many had been expecting. Also lower were shares of Groupon (GRPN), which fell 90c, or 12.72%, to $6.17 after the company reported first quarter revenue that missed expectations and it lowered its fiscal 2014 adjusted EBITDA outlook. INDEXES: The Dow added 13.87, or 0.08%, to 16,443.34, the Nasdaq rose 2.22, or 0.05%, to 4,355.05, and the S&P 500 barely budged, gaining 0.03 to 1,920.24.
13:26 EDTTMUSDISH says odds for 'big' wireless deal getting done before auction 'not great'
Subscribe for More Information
13:11 EDTTMUSDISH Chairman Ergen says 'lot of things I like' about Sprint
Ergen says it might make sense for DISH (DISH) to make an attempt to acquire T-Mobile (TMUS) or to partner with Sprint (S). Ergen says he sees the wireless industry becoming even more competitive. Ergen continues to answer questions during DISH's earnings conference call.
12:17 EDTTMUSDISH Chairman says 'nothing really has changed' in terms of strategy
Subscribe for More Information
12:12 EDTTMUSOn The Fly: Midday Wrap
Subscribe for More Information
10:53 EDTTMUSSprint, T-Mobile dive after merger talks reportedly end
Shares of wireless carriers Sprint (S) and T-Mobile (TMUS) are falling after multiple media outlets reported that Sprint has ended its pursuit of buying T-Mobile. Previous reports had suggested that Sprint was interested in acquiring its competitor. In the wake of the news, Wells Fargo remained upbeat on Sprint, while FBR Capital wrote that the deal could still occur. WHAT'S NEW: Sprint has ended its pursuit of T-Mobile due to opposition to the tie-up by regulators multiple news outlets reported last night, citing unnamed sources. Sprint also replaced CEO Dan Hesse with Marcelo Claure, the founder and CEO of SoftBank (SFTBF) subsidiary Brightstar, and Sprint Chairman Masayoshi Son said "While we continue to believe industry consolidation will enhance competitiveness and benefit customers, our focus moving forward will be on making Sprint the most successful carrier." ANALYST REACTION: In a note to investors today, Wells Fargo analyst Jennifer Fritzsche wrote that the news on Sprint should improve going forward, while the company should benefit from new spectrum it has acquired. History suggests that the best time to buy Sprint's stock is when it appears to be capitulating, added the analyst, who believes that the company is still well-positioned to pursue other strategic alternatives. However, Fritzsche thinks that some of T-Mobile's "likely and logical" partners may not be ready to make a deal in the near-term, while the company has "more questions than answers." The analyst kept an Outperform rating on Sprint and a Market Perform rating on T-Mobile. Meanwhile, FBR Capital analyst David Dixon wrote that he was not convinced that Sprint had abandoned its bid for T-Mobile. Rather, the companies are probably not prepared yet to make a deal that is likely to be approved by regulators, the analyst stated. The deal could be approved if the companies demonstrate that their combined network would improve the experience of users, and the companies are taking steps to meet this goal, according to Dixon, who kept a Market Perform rating on Sprint. WHAT'S NOTABLE: In the wake of the news that Sprint will apparently drop its pursuit of T-Mobile, French telecom company Iliad (ILIAF), which has made a bid for T-Mobile, sees no immediate need to boost its takeover offer, according to The Wall Street Journal. PRICE ACTION: In mid-morning trading, Sprint fell 17.9% to $5.98 and T-Mobile sank 6.1% to $31.85.
10:12 EDTTMUST-Mobile falls after Sprint drops bid, levels to watch
Shares were last at $31.02, down 8.6%, after Sprint (S) parent Softbank (SFTBF) dropped its bid for the company. At current price, next support is at $30.01. Resistance is at $31.79.
09:28 EDTTMUSIliad continues with T-Mobile bid, won't boost for now, WSJ says
Subscribe for More Information
09:13 EDTTMUSOn The Fly: Pre-market Movers
HIGHER: Fox class A shares (FOXA), up 5.9% after withdrawing proposal to acquire Time Warner (TWX), announcing $6B share repurchase program, reporting quarterly results... MannKind (MNKD), up 1.6% after entering a supply agreement with Amphastar Pharmaceuticals (AMPH)... Criteo (CRTO), up 11.5% after upgraded at Goldman following its better than expected Q2 earnings report. LOWER: Time Warner (TWX), down 13% after earnings, maintaining guidance, bid dropped by Fox... Sprint (S), down 16.5% after naming Marcelo Claure as president and CEO, reportedly dropping pursuit of T-Mobile (TMUS). T-Mobile shares also down 8.5%... Groupon (GRPN), down 18%, downgraded at Wunderlich after the company reported lower than expected Q3 results... Walgreen (WAG), down 15.7% after exercises option to acquire remaining 55% of Alliance Boots, says it will not pursue inversion as part of deal... Shire (SHPG), down 6% after Walgreen announced it would stay located in Chicago and Bloomberg last night reported that the Treasury Department is exploring ways to bypass Congress in an attempt to curb corporate inversions... Cytori Therapeutics (CYTX), down 33% after announcing that it has placed enrollment in the ATHENA and ATHENA II trials on clinical hold. UP AFTER EARNINGS: Enphase Energy (ENPH), up 20%... AOL (AOL), up 5%. DOWN AFTER EARNINGS: Nu Skin (NUS), down 8.5%... Rocket Fuel (FUEL), down 27%... Cognizant (CTSH), down 13%... First Solar (FSLR), down 2.5%... Globus Medical (GMED), down 17%.
08:22 EDTTMUSSprint news to improve going forward, says Wells Fargo
After multiple news outlets reported that Sprint (S) would abandon its efforts to buyT-Mobile (TMUS), Wells Fargo thinks that the news on Sprint will improve as the company moves beyond many of its network challenges and begins to benefit from its 2.5 GHz spectrum. The firm believes that the company is well-positioned to seek other strategic alternatives and keeps an Outperform rating on the shares.
08:09 EDTTMUSSoftbank seen as still interested in M&A after dropping T-Mobile plans, WSJ says
Despite the reports that Sprint (S) parent Softbank (SFTBF) is no longer pursuing a deal for T-Mobile (TMUS), some analysts said they doubted that the setback had killed the company's appetite for a big acquisition of a network operator, though they said the company might shift its focus from the U.S. to Europe, according to The Wall Street Journal. An analyst at SMBC Nikko said he thought Softbank might announce another deal shortly, but that rather than aiming to buy another mobile operator that it would try to build up its digital content portfolio, the report added. Reference Link
07:51 EDTTMUST-Mobile volatility is expected to move on said to end talks to be purchased
Subscribe for More Information
07:39 EDTTMUSFBR not convinced Sprint will abandon T-Mobile bid
Subscribe for More Information
07:30 EDTTMUSSprint volatility expected to move on said to end talks to buy T-Mobile
Sprint (S) option implied volatility is expected to move on said to end talks to buy T-Mobile (TMUS). Overall option implied volatility of 49 is near its 26-week average of 50 according to Track Data, suggesting non-directional price movement.
1 | 2 | all recent TMUS news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use