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Stock Market & Financial Investment News

News For TWX;GOOG;NFLX From The Last 14 Days
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August 20, 2015
06:24 EDTTWXTime Warner downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Time Warner (TWX) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Time Warner to $90 from $101 and calls the downgrade a " very close call" with his new price target representing 15% upside from current levels. The analyst also downgraded shares of Disney (DIS) to Market Perform.
06:22 EDTTWXDisney downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Todd Juenger downgraded Disney (DIS) to Market Perform saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. He cut his price target for Disney shares to $114 from $125. The analyst also downgraded shares of Time Warner (TWX) to Market Perform. Shares of Disney closed yesterday down 45c to $106.49. Wells Fargo on Tuesday also downgraded the stock to Market Perform.
05:56 EDTGOOGGoogle Express to shut down two California delivery hubs, Re/code says
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August 19, 2015
16:00 EDTNFLXOptions Update; August 19, 2015
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13:13 EDTGOOGGoogle says to open YouTube production space in Mumbai 'soon'
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10:57 EDTNFLXT-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.
10:42 EDTGOOGAnalyst increases Google price target by $265, upgrades to buy
Research firm Atlantic Equities upgraded Google (GOOG, GOOGL) to Overweight from Market Weight, saying that it is more upbeat on the company's search business, while YouTube is becoming a major growth driver. Additionally, the search giant's margins look poised to improve, the firm stated. Overweight is Atlantic's equivalent of a buy rating. WHAT'S NEW: Google's second quarter results showed that its search business is weathering the transition to mobile better than expected, Atlantic Equities analyst James Cordwell stated in a note to investors today. Meanwhile, YouTube's revenue, despite growing very quickly, can rise even further since it still accounts for just roughly 5% of global TV viewing outside of China, according to Cordwell. Additionally, the movement of ad dollars from conventional TV to online TV looks set to accelerate, the analyst believes. Furthermore, Google is undertaking initiatives that should cause the amount of money it obtains from each mobile click to rise, the analyst believes. Commenting on the outlook for Google's margins, Cordwell believes that they should be boosted by the cost cuts being undertaken by the company's new CFO. The analyst raised his price target on the company's Class A shares to $825 from $560. PRICE ACTION: In mid-morning trading, Google's common stock rose $2.60 to $658.73 and its Class A shares rose $2.70 to $691.43.
10:00 EDTGOOGOn The Fly: Analyst Upgrade Summary
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09:33 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL BAC FB BA TWTR NFLX WMT BABA
06:53 EDTGOOGDeutsche Telekom exec calls for internet firms to subsidize online ads, FT says
Deutsche Telekom (DTEGY) senior vice president of technology strategy, governance, and programs Tomasz Gerszberg has called for internet companies such as Google (GOOG) and Facebook (FB) to subsidize users' mobile subscriptions due to the new way advertising takes over data allowances, the Financial Times reports, citing an article Gerszberg wrote on LinkedIn. The Deutsche Telekom executive said that consumers need to be protected from rising data charges related to "annoying" online ads, the report says. Reference Link
06:25 EDTGOOGGoogle upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst James Cordwell upgraded Google (GOOG, GOOGL) to Overweight and raised his price target for shares to $825 from $560. The search giant closed yesterday down $5.38 to $688.73. Google's YouTube unit "continues to grow very rapidly," while the revenue growth of Google Websites suggests the company is navigating the mobile transition on search better than expected, Cordwell tells investors in a research note. Further, a greater focus on costs by the new CFO is driving improved profitability, a trend that should continue, the analyst argues. Cordwell expects continued outperformance of Google shares.
06:14 EDTTWXIntel to launch contest show on Turner Broadcasting, WSJ reports
Intel (INTC) is making a foray into reality television by developing a contest show with Mark Burnett and Time Warner's (TWX) Turner Broadcasting unit, the Wall Street Journal reports. The program will be called "America's Greatest Makers" and will engage "do-it-yourselfers" who turn microchips and other components into devices and gadgets, competing for a $1M prize, the report says. The show is scheduled to appear on TV and other media channels in 2016, the report adds. Reference Link
06:01 EDTNFLXNetflix 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.
05:56 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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August 18, 2015
16:00 EDTNFLXOptions Update; August 18, 2015
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15:25 EDTGOOGGoogle introduces OnHub router
In a post to its official blog, Google said "While we count on Wi-Fi more than ever to be entertained, productive, and stay connected, we're streaming and sharing in new ways our old routers were never built to handle. So today, with our partner TP-LINK, we're launching OnHub, a different kind of router for a new way to Wi-Fi. Instead of headaches and spotty connections, OnHub gives you Wi-Fi that's fast, secure, and easy to use." Reference Link
11:14 EDTNFLXStocks with call strike movement; NFLX VALE
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09:39 EDTNFLXActive equity options trading on open
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07:12 EDTTWXDisney downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Disney (DIS) to Market Perform with a $112-$119 price target range saying value is shifting from content to distribution. Wells also downgraded CBS (CBS) and 21st Century Fox (FOXA) this morning to Market Perform while cutting its Diversified Media sector view to Market Weight. Time Warner (TWX) remains its only Outperform-rated media stock. Shares of Disney closed yesterday up $1.88 to $109.05.
06:02 EDTGOOGStocks with implied volatility below IV index mean; GMCR GOOG
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