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Stock Market & Financial Investment News

News Breaks
July 17, 2014
07:32 EDTFOXA, TWXTime Warner upgraded to Buy from Neutral at Janney Capital
As previously reported, Janney Capital upgraded Time Warner (TWX) to Buy and raised its fair value estimate on the stock to $100 following the takeover approach made by 21st Century Fox (FOXA). Janney estimates a merger would be neutral to Fox at $101 in an all-cash deal, but could be neutral to Fox at a price as high as $160 if it were an all-stock deal.
News For TWX;FOXA From The Last 14 Days
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April 29, 2015
11:05 EDTTWXTime Warner says Apple 'very forward thinking' on television
Says sees deals with traditional distributors for HBO Now.
11:03 EDTTWXTime Warner sees 40c drag on adjusted EPS from FX headwinds in 2015
Time Warner (TWX) says Turner had highest operating profit in its history in Q1. Says to have eight new series later this year. Says original programming helping to boost CNN ratings. Says HBO has seen "positive response" in usage, subscribers. CEO Jeff Bewkes says there will be more ways to get HBO "soon." For 2015, sees mid-teens growth in adjusted EPS. Says "feels really good" about underlying trends in company's business. Sees drag in Q2 of about 300bps from increasing FX headwinds, absence of NASCAR programming. Sees Q2 total advertising revenue flat to up low single digits. Expects total subscription revenue to reaccelrate well into double digits in 2016, 2017. Sees "very strong growth" in adjusted operating income in 2015. Sees another year of growth at HBO's international networks. Sees Q2 domestic subscription revenue growth at Turner in the Q1 range. Sees subscriber growth, revenue benefiting modestly from HBO Now. Sees 2015 as another year of healthy cash generation. Says committed to capital allocation plans. Says FX headwinds "even more significant" than previously communicated. Sees 40c drag on adjusted EPS from FX headwinds in 2015. Sees Warner's adjusted op income down in Q2. Says in discussions with Amazon (AMZN) on size, scope of relationship, could have impact on Q2. Comments made on the Q1 earnings conference call. Time Warner is up 0.33% to $85.26 in late-morning trading.
09:40 EDTTWXActive equity options trading on open
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07:14 EDTTWXTime Warner reports Q1 Warner Bros. revenue $3.2B
Warner Bros. revenues increased 4% to $3.2B, reflecting higher television licensing revenues primarily due to the subscription video-on-demand sale of Friends and higher revenues from videogames. Turner revenues rose 5% to $2.7B, benefiting from growth of 4% in Advertising revenues, 3% in Subscription revenues and 25% in Content and other revenues. Home Box Office revenues grew 4% to $1.4B, reflecting increases of 4% in Subscription revenues and 5% in Content and other revenues.
07:03 EDTTWXTime Warner backs FY15 adjusted EPS view $4.60-$4.70, consensus $4.65
The company continues to expect its FY15 adjusted EPS to be in the range of $4.60-$4.70
07:02 EDTTWXTime Warner reports Q1 adjusted EPS $1.19, consensus $1.09
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06:10 EDTFOXAHulu said to land 'Seinfeld' streaming rights, WSJ reports
Hulu, which is owned by Disney (DIS), Comcast (CMCSA) and 21st Century Fox (FOXA), has reportedly landed a deal to stream all 180 episodes of "Seinfeld," The Wall Street Journal reports. Though terms of the deal have not been disclosed, a source believes that the per-episode value of the show would be around $700,000. Amazon (AMZN) and Yahoo (YHOO) were also bidders for the streaming rights to "Seinfeld," and Netflix (NFLX) expressed interest initially, but later signed a deal for streaming rights to "Friends." Reference Link
April 28, 2015
15:07 EDTTWXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include MasterCard (MA), consensus 80c... Time Warner (TWX), consensus $1.09... Mondelez (MDLZ), consensus 38c... NextEra Energy (NEE), consensus $1.27... General Dynamics (GD), consensus $1.95... Lumber Liquidators (LL), consensus 16c... Southern Co (SO), consensus 58c... Anthem (ANTM), consensus $2.66... Praxair (PX), consensus $1.44... Norfolk Southern (NSC), consensus $1.00... Eaton (ETN), consensus 98c... Thomson Reuters (TRI), consensus 45c... Franklin Resources (BEN), consensus 86c... Northrop Grumman (NOC), consensus $2.27... Hilton Worldwide (HLT), consensus 12c... Exelon (EXC), consensus 69c... Humana (HUM), consensus $2.56... International Paper (IP), consensus 80c... Hess (HES), consensus ($1.05)... Level 3 Communications (LVLT), consensus 33c... Starwood Hotels & Resorts (HOT), consensus 57c... Ametek (AME), consensus 63c... Garmin (GRMN), consensus 57c... Quintiles Transnational (Q), consensus 71c... New York Community Bancorp (NYCB), consensus 26c... Spirit Aerosystems (SPR), consensus 92c... Spirit Airlines (SAVE), consensus 96c... Brunswick (BC), consensus 61c... KBR (KBR), consensus 17c... Linn Energy (LINE), consensus (20c)... Cullen/Frost Bankers (CFR), consensus $1.09... WEX (WEX), consensus 99c... RPC (RES), consensus 11c... Hercules Offshore (HERO), consensus (38c).
14:09 EDTFOXA, TWXEarnings Watch: TV network owners to report amid takeover rumors
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13:13 EDTFOXACablevision and Hulu announce new agreement to provide Hulu to Optimum customers
Cablevision (CVC) and Hulu (DIS; FOX; FOXA; CMCSA) announced that they have reached an agreement to offer Huluís subscription streaming service to Optimum customers. Cablevision is the first cable or satellite provider to agree to distribute Huluís comprehensive catalog of on-demand content. Cablevision plans to provide pricing and other particulars for Hulu, including its availability date, in the near future.
10:05 EDTTWX, FOXAOn The Fly: Analyst Initiation Summary
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07:16 EDTFOXA, FOXA21st Century Fox initiated with an Outperform at CLSA
CLSA initiated 21st Century Fox with an Outperform and $40 price target. The firm expects accelerating earnings growth in FY17 driven by Cable Networks and improving fundamentals.
07:10 EDTTWX, TWXTime Warner initiated with a Buy at CLSA
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April 27, 2015
09:09 EDTTWXTime Warner price target raised to $97 from $89 at Citigroup
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April 26, 2015
17:05 EDTFOXAUniversal's 'Furious 7' leads U.S. weekend box office with $18.3M
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April 24, 2015
06:50 EDTFOXADisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
April 23, 2015
19:41 EDTTWXCablevision announces 'cord cutter package,' includes option for HBO Now
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April 22, 2015
16:27 EDTTWXMattel, Warner Bros. & DC Entertainment announce partnership
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April 21, 2015
18:53 EDTFOXAFox, NBC say Verizon cable packages violate license terms, Washington Post says
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06:47 EDTFOXATalal a big backer of Fox's James Murdoch, Reuters says
Saudi Arabia's Prince Alwaleed bin Talal, who owns a 6.6% stake in Twenty-First Century Fox, says he "really loves" James Murdoch, the son of the company's octogenarian CEO, Rupert Murdoch. James understands the digital world and is ready to take on a much bigger role at the company, the news service quoted the prince as saying. The prince's support may be setting the stage for James Murdoch to take day-to-day control of the company "sooner rather than later," Reuters stated. Reference Link
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