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Stock Market & Financial Investment News

News Breaks
March 14, 2014
11:07 EDTGME, ATVI, TTWO, EAVideo game makers, GameStop climb after NPD sales data
Shares of a number of video game makers are climbing after data indicated that U.S. video game sales were stronger than expected last month. WHAT'S NEW: Research firm NPD found that video game sales dropped 9% last month, versus the same period a year earlier, Piper Jaffray analyst Michael Olson reported in a note to investors earlier today. Olson had expected software sales to tumble 29% last month, he stated. Take-Two Interactive (TTW) stood out as sales of its video games jumped 44% last month, while Electronic Arts (EA) and Activision Blizzard (ATVI) trailed with declines of 45% and 33% respectively, NPD reported. Olson remains confident that the video game sector will start growing during the next holiday shopping season as more players update to the next generation of hardware consoles. Video game retailer GameStop (GME) should also get a boost from the holiday season, wrote Olson, who kept Overweight ratings on all the stocks named in this note. PRICE ACTION: In late morning trading, Electronic Arts rose 1.5% to $30.14, Take-Two Interactive climbed 1.8% to $21.25, Activision Blizzard added 1.2% to $21.10, and GameStop jumped 4% to $38.65.
News For ATVI;EA;TTWO;GME From The Last 14 Days
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March 26, 2015
16:09 EDTGMEGameStop sees FX having negative impact of $300M-$400M on sales in FY15
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16:08 EDTGMEGameStop sees FY15 CapEx $150M-$170M
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16:08 EDTGMEGameStop sees Q1 SSS growth 2.5%-5.5%
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16:08 EDTGMEGameStop sees FY15 EPS $3.60-$3.80, consensus $4.04
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16:07 EDTGMEGameStop sees Q1 EPS 53c-60c, consensus 66c
Sees Q1 revenue growth -2% to 1%, consensus $2.13B.
16:05 EDTGMEGameStop reports Q4 adjusted EPS $2.15, consensus $2.17
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15:51 EDTGMEGameStop March weekly 39 straddle priced for 10.2% movement into Q4
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15:20 EDTGMENotable companies reporting after market close
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13:19 EDTGMEGameStop technical comments ahead of results
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12:49 EDTGMEGameStop volatility elevated into Q4 and outlook
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06:32 EDTGMEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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March 25, 2015
13:00 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
GameStop March weekly call option implied volatility is at 133, April is at 54, May is at 41, July is at 35; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 26.
March 24, 2015
08:45 EDTGMEGameStop should be bought on any guidance-related weakness, says Oppenheimer
Oppenheimer believes that GameStop's stock may fall when it provides its 2015 guidance after the close on Thursday, as the firm believes that the stronger dollar may weigh on the company's EPS somewhat, while the company may look to issue beatable guidance. The firm says that video game data has been positive recently, while the stock's valuation is "accomodative." It keeps an Outperform rating on the name.
March 20, 2015
07:37 EDTGMEGameStop should be bought if pulls back after Q4 report, says RW Baird
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March 19, 2015
08:43 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
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March 17, 2015
11:42 EDTEAElectronic Arts Battlefield Hardline review slightly disappointing, says Cowen
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09:03 EDTEAElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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March 13, 2015
07:49 EDTTTWO, GME, EA, ATVIVideo game hardware sales up 10% in February, software up 7%, Game Informer says
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05:42 EDTGME, EA, ATVI, TTWOFebruary video game software sales rose 7%, says Piper Jaffray
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March 12, 2015
06:09 EDTATVIActivision Blizzard shares positioned for move higher, says Piper Jaffray
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