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Stock Market & Financial Investment News

News For TWX;XLF From The Last 14 Days
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August 28, 2015
10:43 EDTTWXFly Watch: 'Straight Outta Compton' expected to lead box office for third week
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09:56 EDTXLFFinancial Select Sector lags broader market
The ETF is down 0.8% to $23.55 at time of writing. In yesterday's session the ETF did not make it to the 10-day moving average, which has become a downtrend resistance line, while the markets were rallying. At current price next support is at $23.28. Resistance is at $23.79.
08:45 EDTXLFFinancial Select Sector: Pivot points
The following are the pivot points for XLF. Pivot High: $24.018, Pivot Low: $23.510. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
06:09 EDTXLFFinancial Select Sector 30-day implied volatility at 24, 52-week range 12 to 36
August 27, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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05:55 EDTXLFFinancial Select Sector 30-day implied volatility at 26, 52-week range 12 to 36
August 26, 2015
15:10 EDTXLFFinancial Select Sector volatility elevated on wide price movement
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08:45 EDTXLFFinancial Select Sector: Pivot points
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05:57 EDTXLFFinancial Select Sector 30-day implied volatility at 30, 52-week range 12 to 36
August 25, 2015
10:57 EDTTWXHilliard Lyons upgrades Disney after recent pullback
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08:45 EDTXLFFinancial Select Sector: Pivot points
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06:07 EDTTWXWarner Bros. in talks with China Media Capital to form film JV, WSJ reports
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05:54 EDTXLFFinancial Select Sector 30-day implied volatility at 36, 52-week range 12 to 36
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August 24, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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05:43 EDTXLFFinancial Select Sector 30-day implied volatility at 26, 52-week range 11 to 26
August 23, 2015
16:22 EDTTWX'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:01 EDTXLFFinancial Select Sector volatility spikes
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08:53 EDTTWXAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
08:45 EDTXLFFinancial Select Sector: Pivot points
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05:59 EDTXLFFinancial Select Sector 30-day implied volatility at 21, 52-week range 11 to 24
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