TOP NEWS
MARKET CURRENTS
-
1:54 PM Though MSO operators (TWC, CVC, CMCSA, CHTR) all offer subscribers a broadband-only subscription, so far the group seems to be doing an adequate job upselling customers to bigger packages to prevent wide-scale cord cutting on pay TV services. The trend is not without an assist from broadcasters that are only allowing authenticated consumers from pay TV providers to watch their series online and on mobile devices. Still, execs do acknowledge that cities with younger consumers tend to favor broadband-only packages meaning the industry could see a problem sometime in the future keeping its finger in the dike. Comment! [Consumer]
-
1:54 PM Synergy Pharma (SGYP -3.7%) slips despite presenting positive safety and efficacy results from trials of plecanatide, its drug candidate for patients with chronic idiopathic constipation at an industry conference earlier in Orlando, Florida. The data showed the best improvement in symptoms were observed in patients receiving 3-milligram doses of plecanatide. Comment! [Healthcare]
-
1:53 PM Shares of Sony (SNE +8.5%) move higher amid ongoing chatter that the company is considering peeling off its entertainment arm in a spinoff a la Dan Loeb's suggestion. What to watch: Most analysts and traders seem to like the idea of a Sony business split, meaning if CEO Kazuo Hirai reiterates next week during a scheduled presentation that he supports the company staying together as one then shares could see a rapid-fire drop. Comment! [Consumer, Global & FX]
-
1:53 PM More on Intel's reorg: Intel's PC, mobile, and server chip units, previously reporting to chief product officer Dadi Perlmutter, will now report to Brian Krzanich. Software/services chief Renee James, recently named President, will also now be in charge of manufacturing and parts of Intel's (INTC +0.2%) security ops. Krzanich in an internal e-mail: "I am committed to being bolder, moving faster ... we will listen, learn and then make adjustments in order to keep pace with a rapidly changing industry." Mike Bell, who has spearheaded Atom mobile CPU development, is now head of Intel's "new devices" unit. Comment! [Tech]
-
1:50 PM Biogen (BIIB +3.6%) submits Biologics License Application to the FDA for the approval of its injectable drug candidate Plegridy for the treatment of multiple sclerosis. The company says the application is supported by data from year one of a two year Phase 3 study which "met all primary and secondary endpoints." In March, BIIB said the drug cut annual relapse rates by 36% and analysts say it could generate revenue of $318M by 2017. (PR) Comment! [Healthcare, On the Move]
-
1:41 PM Universal Corporation (UVV) declares $0.50/share quarterly dividend, in line with previous. Forward yield 3.29%. For shareholders of record July 8. Payable August 12. Ex-div date July 4. (PR) Comment! [Dividends]
-
1:39 PM KB Home (KBH -1%) reaffirmed its FY13 outlook earlier today, saying it continues to see healthy profitability in 2013. Its gross margin is expected to improve sequentially throughout the year. It also plans to invest more than $1B on land acquisition and development over the course of the year. (Webcast). Comment! [On the Move]
-
1:39 PM More on the Xbox One: The device has a Blu-ray player, and is said to be "practically silent" when running. A new Kinect sensor is being bundled with the console (JDSU a likely supplier): its camera, color depth, and motion-sensing abilities are improved, and voice is said to be more "conversational." Xbox SmartGlass mobile apps are integrated with the One, interactive TV content is paired with shows, and a "snap mode" shows multiple apps a once. Electronic Arts (EA) is promising to launch titles from 4 sports franchises - FIFA, Madden, NBA Live, and UFC - in the next 12 months, aided by a new gaming engine. (live blog) Comment! [Tech]
-
1:32 PM CME Group plans additional cuts to its giant board, according to Executive Chairman Terry Duffy, speaking ahead of the annual meeting. At 30 members, the board is more than twice as large as those at ICE (11 now, but 15 after NYSE merger), and Nasdaq OMX (11). The large size reflects the CME's long history as a member-owned operation as opposed to today's public company. Comment! [Financials]
-
1:28 PM WellCare Health Plans (WCG -5.1%) falls on a Goldman downgrade to Neutral from Buy (price target $60). Analyst Matthew Borsch cites downside risks to Medicare Advantage earnings in revising down his FY14 EPS estimate to $5.50 from $5.75 (consensus is $5.47) and his FY15 estimate to $6.30 from $6.65. See the CC transcript for Borsch's back and forth with management regarding Medicare Advantage, Medicaid, and STAR quality scoring. Comment! [Healthcare, On the Move]
STOCKTALKS
Sign in to view StockTalks by people you follow
TOP ARTICLES2:00 PM ET TUESDAY MAY 21
PORTFOLIO
| Symbol | Alerts | Price | Chg | % Chg |
|---|
Latest Portfolio Headlines
More on this portfolio:
Day Watch |
Alerts |
Holdings |
Performance |
Momentum |
Valuation |
Profitability |
Dividends |
Debt |
Ownership
LATEST ARTICLES
- IPO Preview: Portola Pharmaceuticals by IPOdesktop • Comment!
- Deere's Strong Brand Name And Dealer Network Are Key Strengths by Valuentum • Comment!
- Don't Forget To Buy A Commodity That's Going Up Instead Of Down: Memory by Sneha Shah • Comment!
- 10-Year Treasury Bonds An Attractive Buy by Economics Fanatic • Comment!
- Why Kinder Morgan Is The Best MLP by Being Unordinary • Comment!
- Reasons To Keep BlackBerry In Your Portfolio by Elisa Lemmola • 3 Comments
- Transformative Acquisitions Boost Energy Transfer Partners by Valuentum • Comment!
- An Update On 5 Natural Gas Stocks To Own by Asean Century • Comment!
- Synergy Is A Straightforward Opportunity: Trial Results At DDW Back Plecanatide by PropThink • Comment!
- If You Want To Know Where Stocks Are Headed, Don't Ask The Economy by Kane Cotton • Comment!
ALPHA-RICH IDEAS
- Ryland: 2 Major Reasons Why This Homebuilder Is At Least 30% Overvalued by Money Investor • 3 Comments
- hhgregg: Gravity Will Return After A 175% Run Over The Last 6 Months by Money Investor • 13 Comments
- The Hard Money Has Been Made In Imperial Holdings by Whopper Investments • 8 Comments
- AdCare Tender Offer Looks Improbable by Benjamin Mackovak • 5 Comments
- CST Brands: Valero's Spin-Off Is Currently Undervalued And Under-Earning by Daniel Phillips • 18 Comments
- TeraGo: The Cheapest Communications Cash Cow You've Never Heard Of by Cash Man • 46 Comments
- POSCO: Sustainable Competitive Advantages, Significant Margin Of Safety And Catalysts For 150% Upside by ROIC1 • 9 Comments
- LCA-Vision: The Case For Calculated Optimism by Thomas Finser • 6 Comments
- American Greetings Waiting To Greet A Higher Bid by Whopper Investments • 13 Comments
- Fidelity National Financial: 33% Of The Title Insurance Market At The Cusp Of A Housing Recovery by Intangible Valuation • 6 Comments
MACRO VIEW
- If You Want To Know Where Stocks Are Headed, Don't Ask The Economy by Kane Cotton • Comment!
- Exposure To Country Risk: The Perseus Mining Edition by Itinerant • Comment!
- Exposure To Country Risk: The SEMAFO Edition by Itinerant • Comment!
- The Great Disconnect Between Paper And Physical Precious Metals Prices by Katchum • 4 Comments
- Deflation Spell Could Send S&P 500 To 825 In 2015 by Jason Tillberg • Comment!
- China Continues To Cut Out The Middle Man - The Dollar by AlphaVN Research • Comment!
DIVIDENDS & INCOME
- 10-Year Treasury Bonds An Attractive Buy by Economics Fanatic • Comment!
- Why Kinder Morgan Is The Best MLP by Being Unordinary • Comment!
- Rockwell Collins Inc: Fundamental Stock Research Analysis by F.A.S.T. Graphs • 1 Comment
- A Closer Look At Suburban Propane Partners' Distributable Cash Flow by Ron Hiram • 1 Comment
- Newcastle Investment Spins Off New Residential To Profit From Housing Recovery by Tim Plaehn • 6 Comments
- DC Plan Sponsors Should Look Further Than Their Own Backyard by AllianceBernstein • Comment!
ETFs & PORTFOLIO STRATEGY
- Redefining Yield With Cambria Shareholder Yield ETF by Ron Rowland • Comment!
- 'Sell In May': A Data Analytics Perspective by Jon Haghayeghi • 2 Comments
- Research Review: Risk Management And Asset Allocation by James Picerno • Comment!
- Low Volatility Investing In 2013 by Ploutos • 6 Comments
- Nobel Laureate Thomas Sargent On Risk, Ambiguity, And Investment Decision-Making by CFA Institute Contributors • 1 Comment
- Your Portfolio Can Be All American by Tim McAleenan Jr. • 10 Comments
INVESTING IDEAS
- IPO Preview: Portola Pharmaceuticals by IPOdesktop • Comment!
- Reasons To Keep BlackBerry In Your Portfolio by Elisa Lemmola • 3 Comments
- Synergy Is A Straightforward Opportunity: Trial Results At DDW Back Plecanatide by PropThink • Comment!
- Blue Calypso: New Multi-Bagger With Cases Against Yelp, Groupon And LivingSocial? by Patent News • Comment!
- Insiders And Funds Are Bullish On These 3 Small Cap Healthcare Stocks by Kapitall • Comment!
- Bull Of The Day: Heartware by Zacks Investment Research • Comment!