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CBS

CBS

$51.35

0.23 (0.45%)

16:47
04/23/19
04/23
16:47
04/23/19
16:47

CBS suspends search for new CEO, Bloomberg says

CBS said that Joseph Ianniello will act as interim CEO of the company for another six months, according to Bloomberg.

  • 02

    May

  • 14

    May

CBS CBS
$51.35

0.23 (0.45%)

03/29/19
03/29/19
UPGRADE
Target $35

Buy
Viacom upgraded to Buy at Loop Capital on de-risked AT&T loss
As previously reported, Loop Capital analyst Alan Gould upgraded Viacom (VIAB) to Buy from Hold with a price target of $35. The analyst cites the company's loss of its biggest distributor AT&T (T) having been de-risked which, he believes, raises the likelihood of a Viacom merger with CBS (CBS). Gould adds that despite the renewed distribution deal with AT&T, investors can accumulate shares at a lower price than a few weeks ago, resulting in a "positive risk-reward" for Viacom.
04/05/19
04/05/19
UPGRADE
Target $36

Outperform
Viacom upgraded to Outperform from Sector Perform at RBC Capital
As previously reported, RBC Capital analyst Steven Cahall upgraded Viacom (VIAB) to Outperform from Sector Perform and raised his price target to $36 from $31, saying the company's "less contentious" than feared DirecTV (T) deal improves its standing and "paves the way toward merger talks" with CBS (CBS). The analyst sees an implied upside for Viacom stock at over 30% on the CBS deal prospects and believes that investors should own both to hedge the exchange ratio risk of the potential transaction.
04/08/19
LOOP
04/08/19
NO CHANGE
Target $59
LOOP
Buy
CBS Q1 to be impacted by higher content costs, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $59 price target on CBS (CBS), saying that while he is lowering his Q1 earnings outlook by 3c to $1.37 due to higher programming costs at Showtime, he is keeping a positive view on the stock given its valuation of just 9-times forward earnings. The analyst adds that CBS and Viacom (VIAB) may reopen merger talks with the AT&T renewal having been completed.
04/22/19
LOOP
04/22/19
NO CHANGE
Target $65
LOOP
Buy
CBS price target raised to $65 from $59 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on CBS (CBS) to $65 and kept his Buy rating, saying the stock represents the "most attractive opportunity in large-cap media." The analyst expects the resolution around the appointment of a permanent CEO by the company to lead to CBS entering merger talks with Viacom (VIAB) within 60 days, even though the board appears to be having a "difficult time attracting outside candidates due to the uncertainty of a potential merger," with its initial March 31st target date to conclude its CEO search now having passed.

TODAY'S FREE FLY STORIES

LB

L Brands

$20.18

0.285 (1.43%)

15:04
08/21/19
08/21
15:04
08/21/19
15:04
Options
L Brands options imply 17.5% move in share price post-earnings »

Pre-earnings options…

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  • 22

    Aug

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HRL

Hormel Foods

$40.93

0.04 (0.10%)

, BJ

BJ's Wholesale

$22.41

0.785 (3.63%)

14:57
08/21/19
08/21
14:57
08/21/19
14:57
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

HRL

Hormel Foods

$40.93

0.04 (0.10%)

BJ

BJ's Wholesale

$22.41

0.785 (3.63%)

DKS

Dick's Sporting

$32.73

0.375 (1.16%)

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    Oct

SNPS

Synopsys

$131.58

1.55 (1.19%)

, SPLK

Splunk

$128.44

1.8 (1.42%)

14:56
08/21/19
08/21
14:56
08/21/19
14:56
Earnings
Notable companies reporting after market close »

Notable companies…

SNPS

Synopsys

$131.58

1.55 (1.19%)

SPLK

Splunk

$128.44

1.8 (1.42%)

KEYS

Keysight Technologies

$88.52

1.23 (1.41%)

ZAYO

Zayo Group

$33.79

-0.01 (-0.03%)

JWN

Nordstrom

$26.29

1.16 (4.62%)

PSTG

Pure Storage

$13.81

0.14 (1.02%)

03/08/13
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  • 16

    Dec

AKTS

Akoustis

$6.70

0.21 (3.24%)

14:54
08/21/19
08/21
14:54
08/21/19
14:54
Conference/Events
Akoustis Technologies to hold a business news update conference call »

Business News Update…

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BREW

Craft Brew

$12.69

-0.07 (-0.55%)

, BUD

AB InBev

$95.87

0.87 (0.92%)

14:52
08/21/19
08/21
14:52
08/21/19
14:52
On The Fly
Before the Move: Watch Craft Brew ahead of AB InBev offer deadline »

According to their 2016…

BREW

Craft Brew

$12.69

-0.07 (-0.55%)

BUD

AB InBev

$95.87

0.87 (0.92%)

03/08/13
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  • 01

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JWN

Nordstrom

$26.29

1.16 (4.62%)

14:49
08/21/19
08/21
14:49
08/21/19
14:49
Options
Nordstrom options imply 18.9% move in share price post-earnings »

Pre-earnings options…

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  • 21

    Aug

SPY

SPDR S&P 500 ETF Trust

$292.44

2.41 (0.83%)

, SPX

S&P 500

$0.00

(0.00%)

14:46
08/21/19
08/21
14:46
08/21/19
14:46
General News
Fed minutes show July rate cut to help keep growth, insure against low inflation »

According to the minutes…

SPY

SPDR S&P 500 ETF Trust

$292.44

2.41 (0.83%)

SPX

S&P 500

$0.00

(0.00%)

SMH

Market Vectors Semiconductor

$114.59

1.16 (1.02%)

IWM

iShares Trust Russell 2000 Index Fund

$150.37

1.255 (0.84%)

03/08/13
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03/06/13
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AXL

American Axle

$6.75

0.1 (1.50%)

14:45
08/21/19
08/21
14:45
08/21/19
14:45
Options
American Axle call volume above normal and directionally bullish »

Bullish option flow…

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GILD

Gilead

$63.93

0.47 (0.74%)

14:41
08/21/19
08/21
14:41
08/21/19
14:41
Hot Stocks
Gilead says submitted petitions to USPTO requesting review of HHS patents »

Gilead announced that it…

03/08/13
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  • 09

    Sep

14:40
08/21/19
08/21
14:40
08/21/19
14:40
General news
Treasury Action: there was scant movement in the markets »

Treasury Action: there…

AEP

American Electric

$91.13

0.38 (0.42%)

14:36
08/21/19
08/21
14:36
08/21/19
14:36
Hot Stocks
American Electric seeks proposals for several coal types »

American Electric Power…

03/08/13
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  • 11

    Nov

APU

AmeriGas

$31.21

-0.82 (-2.56%)

, UGI

UGI Corporation

$48.95

0.45 (0.93%)

14:32
08/21/19
08/21
14:32
08/21/19
14:32
Hot Stocks
AmeriGas unitholders approve merger with UGI Corporation »

UGI Corporation (UGI) and…

APU

AmeriGas

$31.21

-0.82 (-2.56%)

UGI

UGI Corporation

$48.95

0.45 (0.93%)

03/08/13
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GOOG

Alphabet

$1,192.55

9.12 (0.77%)

, GOOGL

Alphabet Class A

$1,193.00

8.74 (0.74%)

14:31
08/21/19
08/21
14:31
08/21/19
14:31
Periodicals
Google DeepMind's Suleyman placed on leave, Bloomberg reports »

Mustafa Suleyman,…

GOOG

Alphabet

$1,192.55

9.12 (0.77%)

GOOGL

Alphabet Class A

$1,193.00

8.74 (0.74%)

03/08/13
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  • 24

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    Oct

OIH

Oil Services Holders Trust

$11.64

0.04 (0.34%)

14:30
08/21/19
08/21
14:30
08/21/19
14:30
Options
Delta neutral put sale in Oil Services ETF appears to take gains »

Delta neutral put sale in…

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JMIA

Jumia Technologies

$12.54

-2.15 (-14.64%)

14:18
08/21/19
08/21
14:18
08/21/19
14:18
On The Fly
Citron target Jumia plunges as improper orders on platform put under review »

Shares of Jumia…

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  • 21

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
08/21/19
08/21
14:17
08/21/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
08/21/19
08/21
14:16
08/21/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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14:15
08/21/19
08/21
14:15
08/21/19
14:15
General news
FOMC minutes didn't provide strong clues on the direction of rates »

FOMC minutes didn't…

14:15
08/21/19
08/21
14:15
08/21/19
14:15
General news
FX Action: The dollar »

FX Action: The dollar…

WYND

Wyndham Destinations

$42.79

0.21 (0.49%)

14:11
08/21/19
08/21
14:11
08/21/19
14:11
Hot Stocks
Wyndham Destinations to add 140 jobs in Orlando expansion »

Wyndham Destinations…

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  • 29

    Aug

SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

, SPX

S&P 500

$0.00

(0.00%)

14:04
08/21/19
08/21
14:04
08/21/19
14:04
General news
Fed minutes show 'couple of participants' would have preferred 50 bps rate cut »

The minutes for the…

SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

, POAHY

Porsche

$0.00

(0.00%)

14:03
08/21/19
08/21
14:03
08/21/19
14:03
Hot Stocks
Porsche acquires minority stake in Israeli startup TriEye »

Volkswagen's (VLKAY)…

VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

POAHY

Porsche

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

, SPX

S&P 500

$0.00

(0.00%)

14:02
08/21/19
08/21
14:02
08/21/19
14:02
General news
Fed minutes show July rate cut viewed by 'most' on FOMC as 'recalibration' »

The minutes for the…

SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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03/06/13
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03/06/13
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PFE

Pfizer

$35.06

0.44 (1.27%)

14:01
08/21/19
08/21
14:01
08/21/19
14:01
Hot Stocks
Pfizer says FDA grants XTANDI application priority review »

Astellas Pharma and…

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  • 28

    Aug

  • 16

    Sep

TGT

Target

$102.13

16.555 (19.35%)

13:52
08/21/19
08/21
13:52
08/21/19
13:52
Recommendations
Target analyst commentary at Baird »

Target price target…

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