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Stock Market & Financial Investment News

News Breaks
April 1, 2013
07:54 EDTDWA, VIAB, VIAViacom's G.I. Joe wins weekend with $41.2M opening, Reuters reports
The delayed "G.I. Joe" sequel from Viacom's (VIA, VIAB) Paramount Pictures beat forecasts for a domestic tally of around $38M by bringing in $41.2M in domestic ticket sales in its debut weekend, according to Reuters, citing studio estimates. The film knocked DreamWorks (DWA) "The Croods" to second place with $26.5M in North American box office in its second week, the report added. Reference Link
News For VIA;VIAB;DWA From The Last 14 Days
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November 13, 2014
09:08 EDTDWADreamWorks Animation purchase by Hasbro would be illogical, says Sterne Agee
After media outlets reported that DreamWorks (DWA) was in talks about selling itself to Hasbro (HAS), Sterne Agee sees no logic to such a transaction and does not expect the deal to occur. The firm doesn't see why Hasbro would pay 41% of its market cap for a company that is facing serious challenges. It keeps a $17 price target and Underperform rating on DreamWorks.
07:38 EDTVIABloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:32 EDTDWADreamWorks Animation volatility flat into Hasbro in talks to acquire report
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07:25 EDTDWAHasbro risk could be raised by Dreamworks deal, says Wells Fargo
After multiple media outlets reported that Hasbro (HAS) is in talks to buy DreamWorks Animation (DWA), Wells Fargo thinks the deal would expand Hasbro Studios' capabilities. However, the firm believes the deal could increase Hasbro's risk, given Dreamworks' mixed track record. The firm keeps an Outperform rating on Hasbro.
07:21 EDTDWAHasbro volatility flat in advanced talks to acquire DreamWorks report
Hasbro (HAS) overall option implied volatility of 17 compares to its 26-week average of 18 according to Track Data, suggesting non-directional price movement into talks to buy DreamWorks Animation (DWA), New York Times reports.
07:01 EDTDWAHasbro deal with Disney could be impacted with merger, says Piper Jaffray
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06:54 EDTVIAB, VIAViacom reports Q4 Media Networks revenue up 8% to $2.66B
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06:53 EDTVIAB, VIAViacom reports Q4 adjusted EPS $1.71, consensus $1.68
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06:29 EDTDWAMattel deal with DreamWorks likely not renewed with merger, says Wells Fargo
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06:17 EDTVIAB, VIASony unveils PlayStation Vue, a cloud-based TV service
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06:09 EDTDWADreamWorks looking for $35 per share in takeover, Deadline reports
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05:52 EDTDWAHasbro in advanced talks to acquire DreamWorks, NY Times reports
Hasbro (HAS) is in advanced talks to buy DreamWorks Animation (DWA) for a mix of cash and stock, New York Times reports, citing people briefed on the matter. DreamWorks CEO Jeffrey Katzenberg is seeking more than $30 per share, but the deal price is yet to be determined, the paper adds. Reference Link
November 12, 2014
15:29 EDTVIABNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.12; Viacom (VIAB), consensus $1.68; Tyco (TYC), consensus 56c; Kohl's (KSS), consensus 74c; Helmerich & Payne (HP), consensus $1.67; Sally Beauty (SBH), consensus 40c; Manulife Financial (MFC), consensus 40c; TransDigm (TDG), consensus $2.02; MAXIMUS (MMS), consensus 52c.
10:43 EDTVIA, VIABBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:00 EDTVIAB, VIAOn The Fly: Analyst Downgrade Summary
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09:30 EDTVIAB, VIAViacom and Frontier Communications renew carriage agreement
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09:10 EDTDWASamsung and M-GO launch UHD transactional VOD service
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06:13 EDTVIABViacom downgraded at Bernstein
As previously reported, Bernstein downgraded Viacom to Underperform from Market Perform. The analyst believes Viacom is vulnerable to a secular declines in TV consumption and SVOD substitution. Price target lowered to $71 from $77.
November 11, 2014
16:08 EDTVIABViacom downgraded to Market Perform from Outperform at Bernstein
November 9, 2014
16:36 EDTVIA, VIABDisney's 'Big Hero 6' comes out on top at box office, Bloomberg says
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