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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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May 21, 2015
12:03 EDTEAElectronic Arts to reboot 'Need for Speed' franchise with new game
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10:12 EDTTTWOOptions with decreasing implied volatility
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May 20, 2015
06:14 EDTEAElectronic Arts says mobile gaming head Frank Gibeau steps down
Electronic Arts said in a regulatory filing that on May 19, the company announced that Frank Gibeau, EVP, EA Mobile has chosen to transition on from the company. His last day was May 18. CEO Andrew Wilson commented, "Mobile games continue to be a core focus for EA, and thanks to our incredibly talented mobile teams, our position has never been stronger. With a foundation of key titles, core strength in live services that provide years of entertainment, and new games that are bringing in more players, engagement across the EA Mobile portfolio continues to grow. Our studio teams have new experiences in development for some of EAs biggest franchises, powerful new IP like The Minions and Star Wars, and more creative concepts at early stages in the testing process. As the mobile gaming audience continues its rapid expansion, EA has a tremendous opportunity to deliver amazing entertainment to more players around the world."
May 19, 2015
16:23 EDTTTWOOn The Fly: Top stock stories for Tuesday
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12:25 EDTTTWOOn The Fly: Top stock stories at midday
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11:49 EDTEA, ATVI, TTWOTake-Two surges after GTA maker's profit tops estimates
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09:58 EDTTTWOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
09:40 EDTTTWOTake-Two upgraded on positive catalysts at Sterne Agee CRT
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09:22 EDTTTWOOn The Fly: Pre-market Movers
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07:41 EDTTTWOTake-Two guidance looks conservative, says Brean Capital
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06:56 EDTTTWOTake-Two upgraded to Buy from Neutral at Sterne Agee CRT
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May 18, 2015
19:12 EDTTTWOOn The Fly: After Hours Movers
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16:54 EDTTTWOTake-Two up 5.9% after reporting Q4 results
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16:16 EDTTTWOTake-Two to resume trading at 4:25 pm ET
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16:06 EDTTTWOTake-Two reports Q4 EPS 49c, consensus 27c
Reports Q4 GAAP revenue $300.1M, may not compare to consensus $458.94M. Reports Q4 Non-GAAP net revenue $427.7M.
15:00 EDTTTWONotable companies reporting after market close
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14:11 EDTTTWOTake-Two technical notes before earnings
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May 15, 2015
14:43 EDTGMEGameStop May weekly volatility elevated into Q1 and outlook
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05:52 EDTEA, GME, ATVI, TTWOApril NPD video game software sales rose 13%, says Piper Jaffray
Piper Jaffray notes April NPD video game software sales increased 13% year-over-year with next-generation software revenue up 200% versus the prior year. Piper keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
May 14, 2015
15:21 EDTTTWOTake-Two June volatility elevated into Q4 and outlook
Take-Two June call option implied volatility is at 43, September is at 38, December is at 35; compared to its 90-average of 39, suggesting large near term price movement in to the expected release of Q4 results on May 18.
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