New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 13, 2014
13:47 EDTNTDOY, ATVI, GME, SNE, EA, TTWO, MSFTGameStop climbs after Microsoft announces cheaper Xbox
Shares of video game retailer GameStop (GME) are climbing after Microsoft (MSFT) announced that it will offer a cheaper version of its Xbox One video game console. GameStop and video game makers should benefit from the launch of the lower priced Xbox, research firm Robert W. Baird stated. WHAT'S NEW: Earlier today on its corporate blog, Microsoft announced that the company will offer a new version of Xbox One for as little as $399 beginning on June 9. Xbox One is now only available for $499. The cheaper version of the game console will not include Kinect, the company's motion and voice sensing system, Microsoft stated. ANALYST REACTION: In a note to investors earlier, Baird analyst Colin Sebastian predicted that video game sales would rise as a result of Microsoft's decision. Historically, price cuts on video game consoles have caused sales of both the consoles and video games to rise significantly, the analyst reported. GameStop should get a boost from this trend, while sales of Electronic Arts' (EA) Titanfall game could also get a lift from Microsoft's move, Sebastian believes. He kept a $50 price target and Outperform rating on GameStop. PRICE ACTION: In mid-afternoon trading, GameStop rose 2.25% to $37.65, Microsoft advanced 1.7% to $40.35, and Electronic Arts added 0.3% to $35.40. OTHERS TO WATCH: Other publicly traded video game makers include Activision Blizzard (ATVI) and Take-Two (TTWO). Sony (SNE) and Nintendo (NTDOY) offer console gaming systems that compete with Microsoft's Xbox One and Xbox 360.
News For GME;MSFT;EA;ATVI;TTWO;SNE;NTDOY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
June 24, 2015
06:44 EDTTTWOTake-Two upgraded to Buy from Hold at Jefferies
Price target $35.
06:44 EDTEAElectronic Arts upgraded to Buy from Hold at Jefferies
Subscribe for More Information
06:07 EDTMSFTJefferies says PC market to stay 'lower for longer'
Subscribe for More Information
June 23, 2015
17:20 EDTGMEGameStop backs FY15 EPS view $3.63-$3.83, consensus $3.87
Backs FY15 revenue growth view on negative 1% to 4%. Full year comparable store sales are still expected to range from +1.0% to +6.0%.
17:16 EDTGMEGameStop backs Q2 EPS view 21c-25c, consensus 24c
Backs Q2 revenue growth view of negative 3% to flat; Backs Q2 SSS view of range from flat to +3.0%. Guidance from company slides presentation.
12:54 EDTMSFTPC concerns weighing on shares of Seagate, Western Digital
Subscribe for More Information
07:27 EDTEAJefferies to hold a conference
Subscribe for More Information
06:05 EDTMSFTMicrosoft may charge extra licensing fees for high-end notebooks, DigiTimes says
Subscribe for More Information
06:05 EDTMSFT, SNENo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTMSFTOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTMSFTEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
Subscribe for More Information
June 22, 2015
14:42 EDTMSFTOculus potential not reflected in Facebook's stock price, Piper Jaffray says
Subscribe for More Information
09:51 EDTSNESony to launch 1-terabyte PlayStation 4 in July
Subscribe for More Information
09:14 EDTNTDOYOn The Fly: Pre-market Movers
Subscribe for More Information
June 21, 2015
14:44 EDTMSFTFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
Subscribe for More Information
13:29 EDTNTDOYNintendo shares could reach $80 in three years, Barron's says
Shares of Nintendo could rise 50% over the next year and reach $80 within three years, Barron's contends in a feature article, citing the company's decision to develop smartphone games. Nintendo's decision to diversify away from dedicated game consoles and into the smartphone gaming space could yield as much as $5.1B in profit, Barron's argues. Reference Link
June 19, 2015
08:06 EDTMSFTMicrosoft Azure its key to the cloud, says UBS
Subscribe for More Information
07:51 EDTMSFT, GME, SNEGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
Subscribe for More Information
06:22 EDTMSFTMicrosoft to offer more Lumia phones through U.S. carriers, Re/code reports
Microsoft (MSFT) will be offering more of its Lumia smartphones through U.S. wireless carriers, Re/code reports. Beginning next week, the company’s Lumia 640 XL smartphone will be available through AT&T (T) for around $250, the report says. The Lumia 735 will begin selling through Verizon (VZ) at around $200, Re/code reports. Reference Link
06:17 EDTMSFTEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use