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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:30 EDTEA, ATVI, GME, TTWOGameStop rebounds, Sterne Agee remains upbeat on shares
Shares of video game retailer GameStop (GME) are rebounding after research firm Sterne Agee said, in a note to investors earlier today, that the company's outlook remains positive. WHAT'S NEW: After GameStop yesterday morning reported weaker than expected fourth quarter results and provided lower than expected fiscal 2014 earnings per share guidance, Sterne Agee analyst Arvind Bhatia remains upbeat on the stock. Strong sales of new video game consoles bode well for GameStop's outlook, and the company's EPS could reach $4 this year, contended Bhatia. GameStop's EPS guidance was actually in-line, after adjusting for variations in share buybacks, the analyst stated. Investor sentiment towards the retailer should improve as 2014 continues, wrote Bhatia, who kept a $52 price target and Buy rating on the shares. PRICE ACTION: In mid-morning trading, GameStop climbed 2.7% to $38.33. GameStop shares had declined a bit over 4% yesterday following its quarterly report. OTHERS TO WATCH: Publicly traded video game makers include Electronic Arts (EA), Take-Two Interactive (TTWO), and Activision Blizzard (ATVI).
News For GME;EA;TTWO;ATVI From The Last 14 Days
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April 23, 2015
10:26 EDTGMEGameStop management to meet with BB&T
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April 17, 2015
13:39 EDTEAElectronic Arts says Star Wars Battlefront begins shipping November 17
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07:15 EDTTTWO, ATVI, GME, EAMarch NPD video game software sales declined 3%, says Piper Jaffray
Piper Jaffray notes March NPD video game software sales declined 3% year-over-year, with major titles for the month including Electronic Arts' (EA) Battlefield Hardline, Bloodborne from Sony (SNE) and Take-Two's (TTWO) Grand Theft Auto V. Piper notes the monthly decline is the first in 2015, leaving the segment up 2% through the first three months combined. It keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts, GameStop (GME) and Take-Two.
April 16, 2015
07:21 EDTGMEGameStop estimates raised on stronger industry software sales at SunTrust
SunTrust says that video game software sales have finally turned positive, and the firm expects industry software sales to increase 3%-5% this year, given the momentum of the new hardware cycle and a better title lineup versus last year. SunTrust keeps a Buy rating on GameStop.
April 15, 2015
07:26 EDTATVIActivision Blizzard guidance remains conservative, says Brean Capital
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07:26 EDTATVIActivision announces Guitar Hero Live to be available this fall
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April 13, 2015
15:16 EDTGMEGameStop management to meet with Piper Jaffray
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