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Stock Market & Financial Investment News

News Breaks
February 7, 2014
10:39 EDTATVI, EA, TTWOActivision Blizzard hits new 52-week high after game pipeline impresses
Shares of diversified gaming company Activision Blizzard (ATVI) hit a new 52-week high after posting stronger than expected fourth quarter results and announcing that its pipeline of games was the "strongest in company history." WHAT'S NEW: Last night, Activision Blizzard reported Q4 adjusted EPS of 79c and revenue of $2.27B against consensus views of 73c and $2.22B respectively. The company‘s first quarter and fiscal 2014 outlook slightly trailed expectations, however, CEO Bobby Kotick said, "As we look to 2014 and beyond, we have the strongest and most diverse pipeline of games in our history. In 2014, we expect these releases to enable us to grow non-GAAP revenues year over year and generate record non-GAAP earnings per share." ANALYST REACTON: This morning, research firm Brean Capital said Activision posted strong Q4 results in a difficult macro environment. The firm saw improving industry fundamentals, a strong release slate, and proven execution as reasons for increasing its price target to $22 from $20. It also reiterated its Buy rating on the shares. PRICE ACTION: In early morning trading, Activision Blizzard rose $2.19, or about 13% to $19.35 on very heavy volume. Earlier in the session, the stock made a new 52-week high of $19.95, and it has gained approximately 60% over the past twelve months. OTHERS TO WATCH: Activision’s competitors include Electronic Arts (EA) and Take-Two Interactive (TTWO).
News For ATVI;EA;TTWO From The Last 14 Days
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August 31, 2014
13:58 EDTATVIBrean Capital to hold a conference
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August 29, 2014
12:49 EDTTTWOStocks with increasing volume options volume
Stocks with increasing volume options volume: OXY HD RSH UTHR IRF TTWO CONN
12:00 EDTTTWO, ATVITake-Two rises after speculated as potential Activision target
Shares of video game maker Take-Two (TTWO) are rising after an analyst speculated that it could be acquired by another company in the space, Actvision Blizzard (ATVI). WHAT'S NEW: Dan Houser. the co-founder of key Take-Two division Rockstar Games, appears to be quite fond of Hollywood and Los Angeles, as many of Rockstar's games involve that genre, Benchmark analyst Mike Hickey wrote in a note to investors today. Additionally, there is speculation that Take-Two Interactive could be considering a movie based on Rockstar's hit Grand Theft Auto game, according to the analyst, who adds that Rockstar would control the development of the movie. Activision is based near Los Angeles and it may be in the process of entering the movie business, according to Hickey. Activision's possible foray into movies could stem partly from the larger company being interested in Take-Two, Hickey contended. Such an acquisition would be a "no-brainer" for Activision, given Take-Two's strong development talent and intellectual property, along with its nearly $1B in cash and attractive valuation, the analyst stated. He kept Buy ratings on both stocks. PRICE ACTION: In late morning trading, Take-Two rallied 4% to $23.39 and Activision advanced 0.4% to $23.44.
11:29 EDTATVI, TTWOTake-Two calls active, could be Activision takeover target, says Benchmark Co.
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11:21 EDTATVI, TTWOTake-Two could be Activision takeover target, says Benchmark Co.
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August 26, 2014
09:01 EDTEAElectronic Arts launches Madden NFL 15 on Xbox One, PS4
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August 25, 2014
08:01 EDTTTWO2K says WWE SuperCard exceeds 1.5M downloads in first week
2K (TTWO) announced the larger-than-life, action-packed collectible card game, WWE (WWE) SuperCard, was downloaded more than 1.5 million times during its first week of release.
August 22, 2014
11:59 EDTATVI, TTWO, EAGameStop surges after Q2 EPS, revenue beat expectations
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August 20, 2014
08:42 EDTATVIActivision Blizzard price target raised to $30 from $24 at Argus
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