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Stock Market & Financial Investment News

News Breaks
October 22, 2013
10:06 EDTSNDK, KSS, XTEX, ZMH, NFLX, KEY, FDX, GTS, NYLD, HMY, CAEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Crosstex Energy LP (XTEX) upgraded to Outperform from Neutral at Credit Suisse... Harmony Gold (HMY) upgraded to Neutral from Sell at Goldman... KeyCorp (KEY) upgraded to Market Perform from Underperform at Keefe Bruyette... Kohl's (KSS) upgraded to Hold from Sell at Deutsche Bank... NRG Yield (NYLD) upgraded to Buy from Neutral at Goldman... Netflix (NFLX) upgraded to Overweight from Equal Weight at Evercore... SanDisk (SNDK) upgraded to Market Perform from Underperform at BMO Capital... Triple-S (GTS) upgraded to Buy from Neutral at Citigroup... Zimmer (ZMH) upgraded to Outperform from Neutral at Credit Suisse... CAE (CAE) upgraded to Outperform from Market Perform at BMO Capital... FedEx (FDX) upgraded to Overweight from Neutral at JPMorgan.
News For XTEX;HMY;KEY;KSS;NYLD;NFLX;SNDK;GTS;ZMH;CAE;FDX From The Last 14 Days
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February 26, 2015
14:23 EDTNFLXNetflix says FCC decisions are wins for consumers
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13:12 EDTNFLXNetflix volatility at record low, shares near record high on FCC vote
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13:00 EDTNFLXFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTNFLXFCC Chair says open Internet proposals not a plan to control the Internet
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09:35 EDTNFLXActive equity options trading on open
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09:09 EDTKSSKohl's says some areas of U.S. 'reallly impacted by weather'
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08:52 EDTKSSKohl's says 'pays what's necssary' in each market to attract, retain talent
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08:50 EDTKSSKohl's says Nike sales up 24% at Kohl's stores in Q4
Kohl's (KSS) says number of transactions increased 2% in Q4. Says Nike (NKE) delivered 24% increase in Q4 sales. Expects about 900 stores to have new beauty format by end of year. Sees some margin pressure in Q1 from rollout of beauty products. Expects SG&A to increase more in Q1 than in the balance of the year. Says FY CapEx guidance includes $350M of IT spending, $250M for store strategies, $200M for base capital projects. Comments made on the Q4 earnings conference call.
07:03 EDTKSSKohl's sees FY15 EPS $4.40-$4.60, consensus $4.54
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07:02 EDTKSSKohl's board authorizes 15% increase in quarterly dividend to 45c per share
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07:02 EDTKSSKohl's reports Q4 EPS $1.83, consensus $1.80
Reports Q4 revenue $6.34B, consensus $6.33B. Reports Q4 SSS up 3.7%.
06:35 EDTFDXBoeing, FedEx oppose punishing Gulf airlines for alleged subsidies, Reuters says
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February 25, 2015
15:05 EDTKSSNotable companies reporting before tomorrow's open
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11:47 EDTNFLXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
11:19 EDTNFLXNetflix to premiere five new shows for kids
Netflix announced that it is adding five new animated and live-action comedy series to its selection of kids and family entertainment. These include Danger Mouse, planned for Spring 2016, Inspector Gadget in March 2015, Some Assembly Required in Summer 2015, Bottersnikes & Gumbles in Spring 2016 and SUPER 4, a new CGI animated series inspired by PLAYMOBIL, which makes its U.S. premiere in April exclusively on Netflix.
07:01 EDTKSSKohl's launches skincare and well-being brand Bliss
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February 24, 2015
10:01 EDTNFLXNetflix teams up with Judd Apatow for 'Pee-wee's Big Holiday'
Netflix will premiere exclusively in all of its territories the new feature film, Pee-wee's Big Holiday, starring Paul Reubens as the beloved fun-loving hero of TV, stage and film, Pee-wee Herman. Judd Apatow and Reubens, who worked together to bring the project to fruition, will produce the film. Production is slated to begin in early 2015.
07:39 EDTKSSKohl's volatility slightly elevated into Q4 and outlook
Kohl's March call option implied volatility is at 25, April is at 22, July is at 21; compared to its 26-week average of 22 according to Track Data, suggesting slightly larger near term price movement into the expected release of Q4 results on February 25.
07:15 EDTNFLXNetflix may enter Russia within two years, Hollywood Reporter says
Netflix' head of communications in Europe, Joris Evers, says the company hopes to make its entrance in Russia within the next two years, The Hollywood Reporter says. Reference Link
06:29 EDTFDXCriticism grows against U.S. airline attempts to limit Gulf airlines, WSJ says
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