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Stock Market & Financial Investment News

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July 17, 2014
11:23 EDTTWX, RVBD, KORS, BG, COVOptions with increasing implied volatility
Options with increasing implied volatility: KORS TWX RVBD KORS BG COV
News For TWX;RVBD;KORS;BG;COV From The Last 14 Days
Check below for free stories on TWX;RVBD;KORS;BG;COV the last two weeks.
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July 22, 2014
07:07 EDTCOVCovidien names Bryan Hanson as group president, effective October 1
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July 21, 2014
17:06 EDTTWXTime Warner amends by-laws to block holders ability to call special meeting
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15:19 EDTTWXFox unlikely to raise Time Warner bid immediately, Business Insider says
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11:04 EDTTWXOptions with increasing implied volatility:
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09:05 EDTKORSKors calls speculation of analyst 'heads up' false, unfounded, TheStreet says
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09:00 EDTKORSMichael Kors weakness overdone, says Morgan Stanley
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08:16 EDTCOVDeutsche Bank analysts hold an analyst/industry conference call
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08:04 EDTKORSMichael Kors weakness a buying opportunity, says Topeka
Topeka said recent checks do not indicate substantial markdown or clearance activity in the Michael Kors brand, contrary to some reports. The firm would use recent weakness as a buying opportunity and reiterates its Buy rating and $117 price target.
07:13 EDTTWXFox contemplates using Sky sale to enhance Time Warner offer, Reuters says
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06:57 EDTTWXTime Warner-Fox agreement would add weight in China, Reuters says
Twenty-First Century Fox (FOX, FOXA) chairman Rupert Murdoch's target to purchase Time Warner (TWX) would give the firm a greater say in China, a quick-growing market that media firms are finding difficult to break into, reported Reuters. Even though Time Warner's board denied Murdoch's $80B bid, the chairman is expected to continue pursuing the company. Reference Link
July 18, 2014
16:47 EDTTWXMarket ends week higher as earnings, M&A offset geopolitical tensions
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13:02 EDTTWXGoldman, JPMorgan ready with $25B bridge loan for Time Warner takeover by Fox
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12:51 EDTCOVKey GOP senator signals readiness for inversion deal, The Hill says
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12:21 EDTTWXCable ad upfront volumes may drop 4% or more, WSJ says
Two of the U.S.'s biggest marketers, Procter & Gamble (PG) and General Motors (GM), have pulled back on their TV network advertising commitments in advance of the "upfront" selling season for cable networks, said The Wall Street Journal, citing people familiar with the matter. The overall volume of ad dollars committed to cable networks during the upfront, which is still under way, could be down 4% or more from last year, people familiar with the situation said. Notable owners of cable television stations include 21st Century Fox (FOXA), Time Warner (TWX), Disney (DIS), CBS (CBS), Comcast (CMCSA), Discovery (DISCA), Viacom (VIAB), and AMC Networks (AMCX). The report added that cutbacks partly reflect a shift of tv ad budgets to digital media, including online video. Google (GOOG) has a large presence in online video with YouTube and Facebook (FB) is taking steps to grow in the area. Reference Link
11:45 EDTKORSJefferies sees further risk for Michael Kors despite recent decline
Michael Kors' (KORS) margin pressures and slowing same-store sales growth, along with high expectations for the company, are reasons to be cautious on the stock, research firm Jefferies wrote in a note to investors today. The firm cut its price target on the luxury accessories retailer to $80 from $95. WHAT'S NEW: Michael Kors' same-store sales are slowing, while the company's gross margins are coming under pressure due to increased discounts of its products and its roll out of new stores, Jefferies analyst Randal Konik wrote. Additionally, investors' high expectations for the company will make it difficult for the stock to appreciate even if its results beat expectations, the analyst stated. Even with shares pulling back over the past few days, Konik says risk remains skewed to the downside and kept a Hold rating on the stock. Of note, this is the second time in two weeks that Jefferies cut its estimates for the company. WHAT'S NOTABLE: Expressing a very different outlook yesterday on Michael Kors was Credit Suisse analyst Christian Buss. Michael Kors is "one of the least discounted brands available during the seasonal clearance period ahead of early fall shipments" according to Buss, who wrote that he was "compelled" by the recent decline in the stock. The analyst reiterated a $107 price target and Outperform rating on the shares. OTHERS TO WATCH: The company's competitors include Kate Spade (KATE) and Coach (COH). PRICE ACTION: In late morning trading, Michael Kors was nearly flat near $82 per share.
11:34 EDTCOV, TWX, RVBD, KORSOptions with increasing implied volatility
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08:38 EDTRVBDVerizon added to Triple Play list at Oppenheimer
Oppenheimer added Verizon (VZ) to its Triple Play list. The firm says its triple play stocks are rated Outperform, screen positively based on trends in earnings revisions and have an attractive technical profile. The firm removed Riverbed (RVBD) from the list after it downgraded that stock.
08:21 EDTTWXTime Warner merger could change Warner Bros. spot in tv landscape, WSJ says
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07:32 EDTKORSMichael Kors price target lowered to $80 from $95 at Jefferies
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07:05 EDTTWXCBS CEO says will examine CNN if Time Warner puts up for sale, Reuters says
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