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Stock Market & Financial Investment News

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July 18, 2014
06:38 EDTEA, TTWO, ATVI, GMEJune NPD video game software sales fell 3%, says Piper Jaffray
Piper Jaffray says June NPD video game software sales dropped 3% year-over-year while Q2 overall rose 9%. Piper expects sustainable growth beginning in late 2014 and remains positive on the video game space. The firm has Overweight ratings on Activision Blizzard (AVTI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
News For ATVI;EA;GME;TTWO From The Last 14 Days
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October 29, 2014
12:21 EDTEA, TTWO, ATVIElectronic Arts surges after 'beat and raise' quarterly report
Shares of video game maker Electronic Arts (EA) are surging after the company's second quarter earnings per share and revenue topped analysts' estimates. The company also raised its fiscal year 2015 guidance. WHAT'S NEW: Electronic Arts' Q2 adjusted EPS was 73c, which beat analysts' consensus of 53c. The company's revenue for the quarter was $1.22B, which beat estimates of $1.16B. The video game maker anticipates third quarter EPS to be 90c, which is higher than analysts' 86c consensus. The company expects Q3 revenue of approximately $1.275B, which is slightly lower than analysts' expectations of $1.3B. Electronic Arts raised its FY15 EPS outlook to $2.05 from $1.85, which is higher than analysts' consensus of $1.92 prior to the new outlook. The company raised its FY15 revenue view to $4.175B from $4.1B, which was slightly ahead of the consensus estimate prior to the report. WHAT'S NOTABLE: EA stated that, in the calendar year to date, the company continues to be the number one publisher on Sony's (SNE) PlayStation4 and Xbox One consoles in the Western World, led by FIFA 15, NHL 15, Madden NFL 15, Titanfall, Battlefield 4, and FIFA 14. Electronic Arts noted that "Battlefield: Hardline" will debut on March 17, 2015 in North America and March 19, 2015 in Europe. On July 29, Electronic Arts announced in a post to its corporate blog that the company partnered with Microsoft (MSFT) to deliver EA Access, a new monthly, or annual, membership for gamers exclusively on Xbox One that starts at $4.99 a month. ANALYST REACTION: RW Baird analyst Colin Sebastian feels that digital growth was a notable aspect of Electronic Arts' Q2 earnings results. He said the quarter was driven by the combination of a rise in digital content sales and improved cost controls. Sebastian anticipates the video game maker will continue to improve its operating performance and benefit from solid growth in the future. Sebastian increased his price target on the stock to $45 from $43 and maintained an Outperform rating on the stock. Brean Capital analyst Todd Mitchell believes that Electronic Arts' Q2 earnings results will probably be out-shone by the push-back of its Battlefield 5 game to 2017. Mitchell expects Electronic Arts to sell approximately 4M units of "Battlefield: Hardline" by the end of FY15. He kept a Buy rating on Electronic Arts and raised his price target on the stock to $43 from $40. OTHERS TO WATCH: Electronic Arts peer Activision Blizzard (ATVI) is scheduled to give its Q3 earnings report on November 4. Another competitor, Take-Two (TTWO), is set to release its Q2 earnings numbers later on this afternoon. PRICE ACTION: Near noon, Electronic Arts climbed 3.6% to $38.83. Earlier in the session the stock hit a new 52-week high of $40.34.
12:20 EDTEAStocks with call strike movement; FB EA
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10:20 EDTEAHigh option volume stocks
High option volume stocks: KCG OI SWI SNY ITUB AWI GDOT PNRA EA ZLTQ
09:19 EDTEAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
07:38 EDTEAElectronic Arts Q2 results overshadowed by game delay, says Brean Capital
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07:11 EDTEAElectronic Arts digital growth highlights Q2 results, says RW Baird
Baird noted digital growth was a highlight of Electronic Arts' Q2 results. The firm said the quarter was driven by the combination of an increase in digital content sales and improved cost controls. Baird expects Electronic Arts to continue to improve its operating performance and benefit from solid growth in coming years. Baird raised its price target to $45 from $43 on Electronic Arts and reiterates its Outperform rating on the stock.
06:06 EDTGMEGameStop implied volatility of 52 at upper end of index mean range
October 28, 2014
18:42 EDTEAOn The Fly: After Hours Movers
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16:57 EDTEAElectronic Arts raises FY15 revenue view to $4.175B from $4.1B, consensus $4.16B
16:05 EDTEAElectronic Arts up almost 6% following Q2 results, guidance
16:04 EDTEAElectronic Arts sees Q3 EPS approximately 90c, consensus 86c
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16:03 EDTEAElectronic Arts raises FY15 EPS view to $2.05 from $1.85, consensus $1.92
Raises FY14 revenue view to $4.175B from $4.1B, consensus $4.16B.
16:02 EDTEAElectronic Arts raises FY15 outlook
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16:01 EDTEAElectronic Arts reports Q2 adjusted EPS 73c, consensus 53c
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14:44 EDTATVIActivision Blizzard says Noriega lawsuit dismissed
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11:44 EDTGMEGameStop weakness on Wal-Mart news a buying opportunity, says Piper Jaffray
Piper Jaffray believes the impact of Wal-Mart (WMT) on GameStop's (GME) used business will be immaterial and views today's pullback as a buying opportunity. Piper notes that the entrance of Wal-Mart into any market should not be taken lightly, but other retailers have tried and failed before to enter the used game business and that Wal-Mart's entry actually refutes the bear thesis on GameStop that the used game business is not attractive. The firm maintains its Overweight rating and $53 price target on GameStop.
10:27 EDTGME, ATVIGameStop retreats after Wal-Mart begins selling used video games
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09:08 EDTGMEWal-Mart says 1,700 stores selling pre-owned video games
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October 24, 2014
12:30 EDTGMEGameStop November calls active
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08:52 EDTEAElectronic Arts shares should be bought ahead of results, says Stifel
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