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Balancing QE 11-03-2010
Wednesday, November 3, 2010 - 5:14pm | 839Cusick's Corner The election results are in and the market has pulled back slightly in front of the FOMC announcement. This goes back to the discussion that many events, like the election, are already priced into the market. Now with the infusion of cash from the Fed in the forefront, the market...
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Gilford Securities Raising Estimates On Nexstar Broadcasting (NXST)
Wednesday, November 3, 2010 - 4:01pm | 76Gilford Securities is raising its estimates on Nexstar Broadcasting (NASDAQ: NXST). It has a Buy rating on shares. In a note to clients, Gilford writes, "NO SLOWDOWN SIGNALS - VIGOROUS Q4E AND EARLY ‘11E: NXST mgmt. has firmly stated they've seen no signs of a near- to mid-term ad recovery...
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Sinclair Declares Common Stock Dividend of $0.43
Wednesday, November 3, 2010 - 3:57pm | 65Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a special cash dividend of $0.43 per share on the Company's Class A and Class B common stock. The dividends are payable on December 15, 2010, to the holders of record at the close of business on...
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Wunderlich Securities Expects DirecTV Sales To Be Up 10.9%
Wednesday, November 3, 2010 - 9:59am | 121When Buy-rated DirecTV (NASDAQ: DTV) reports its earnings this Thursday, Wunderlich Securities said that it expects total sales to be up 10.9% to $6,060 mm, with concomitant OPBDA up 19.0% to $1,604 mm. “EPS should be $0.56 v. $0.37 a year ago with consensus at $0.55,” Wunderlich Securities writes...
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Wunderlich Securities Raises Liberty Global PT To $43
Wednesday, November 3, 2010 - 9:55am | 96Liberty Global (NASDAQ: LBTYA) reports results for seasonally modest Q3 after the close today, Wunderlich Securities reports. “Even apart from likely solid organic growth, the stock is benefiting from the move in the Euro since our July 9 report,” Wunderlich Securities writes. “We are raising our...
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Wunderlich Securities Raises SIRIUS XM Radio PT Ahead Of Tomorrow's Results
Wednesday, November 3, 2010 - 9:51am | 101In a report released this morning, Wunderlich Securities said that it is raising its price target on Buy-rated SIRIUS XM Radio (NASDAQ: SIRI) to $1.75 ahead of tomorrow's full results announcement. “The increase is largely off a higher 12.0mm 2011 U.S. SAAR assumption, with reversion to a 15.0mm...
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Sinclair Reports Third Quarter 2010 EPS of $.18
Wednesday, November 3, 2010 - 7:48am | 131Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) today reported financial results for the three months and nine months ended September 30, 2010. Net broadcast revenues from continuing operations were $158.8 million for the three months ended September 30, 2010, an increase of 16.4% versus the prior...
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Nexstar Broadcasting Reports Q3 Loss
Wednesday, November 3, 2010 - 7:20am | 58Nexstar Broadcasting Group Inc (NASDAQ: NXST) reports its Q3 loss at $0.11, versus the expected loss at $0.05. NXST reports its Q3 revenue at $73.1 million, versus the consensus of $73.3 million. NXST shares gained 1.71% to close at $5.95 yesterday. Read more from Benzinga's Company news.
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Cumulus Reports Third Quarter 2010 Results: EPS of $0.23
Monday, November 1, 2010 - 4:10pm | 107Cumulus Media Inc. (NASDAQ: CMLS) today reported financial results for the three and nine months ended September 30, 2010. Lew Dickey, Chairman & CEO stated, “We continue to innovate the radio business model to achieve industry leading EBITDA growth. Our technology platform is driving increased...
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Top Performing Industries For November 1 (MVG, SIRI, AAWW, MPEL)
Monday, November 1, 2010 - 10:48am | 205At 10:43 am, the Dow gained 0.90% to 11,218.50, the broader Standard & Poor's 500 index moved up 0.82% to 1,192.92 and the NASDAQ composite index rose 0.67% to 2,524.09. The industries that are driving the market today are: Silver: This industry jumped 2.35% by 10:43 am. The top stock within...
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Benzinga's Top Performing Industries (ROIAK, MVG, SIRI, SLW, SSRI, AXU, IPI, KMX)
Friday, October 29, 2010 - 6:01pm | 194Broadcasting - Radio industry jumped 4.22% on Friday, and in the space Radio One, Inc. (NASDAQ: ROIAK) led the gainers with an increase of 7.41%. Sirius XM Radio Inc. (NASDAQ: SIRI) spiked 5.08%, and closed at $1.50. Silver industry also had a good trading session. It traded 3.46% higher, and Mag...
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Calls Purchased on Liberty Global, Inc. (LBTYA)
Friday, October 29, 2010 - 3:05pm | 115Shares of Liberty Global, Inc. (NASDAQ: LBTYA) are higher on the session by 4.24%, currently trading at $37.84. The stock has been moving largely higher for the past six months, making new 52-week high seemingly every single day. Options traders are buying calls on the name today. A short while...
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NETC Net Sales Up 16%, Wunderlich Securities Reports
Friday, October 29, 2010 - 10:46am | 97NET Servicos de Comunicacao S.A. (NASDAQ: NETC) delivered Q3 results that met on sales, beat handily on RGUs, and lagged on EBITDA. “Net sales were up 16% to R$1,381 mm v. our estimated 15.7%, with EBITDA up 14% to R$369 mm v. our up 25.3%,” Wunderlich Securities writes. “Margin was 27%, benefiting...
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NET Servicos Posts Mixed Results - Analyst Blog
Thursday, October 28, 2010 - 1:03pm | 476NET Servicos de Comunicacao S.A. (NETC) declared mixed financial results for the third quarter of 2010. Quarterly net income was $42.5 million or 13 cents per share compared to a net income of $115.8 million or 34 cents per share in the year-ago quarter. EPS was also below the Zacks Consensus...
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Thursday's Put/Call Ratio Leaders (LBTYA, MFN, RYL, NVS, GENZ)
Thursday, October 28, 2010 - 12:56pm | 90Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Liberty Global (NASDAQ: LBTYA) 3,411 puts, 15 calls 2. Minefinders Corp. (AMEX: MFN) 6,414 puts, 150 calls 3. Ryland Group (NYSE: RYL) 5,108 puts, 328 calls 4. Novartis AG (NYSE: NVS...