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Stock Market & Financial Investment News

News Breaks
May 13, 2014
13:47 EDTGME, MSFT, EA, ATVI, TTWO, SNE, NTDOYGameStop 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
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August 21, 2014
16:08 EDTGMEGameStop sees FY14 EPS $3.40-$3.70, consensus $3.68
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16:07 EDTGMEGameStop sees Q3 EPS 58c-64c, consensus 59c
Sees Q3 SSS up 1%-5%.
16:02 EDTGMEGameStop reports Q2 EPS 22c, consensus 18c
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15:15 EDTGMENotable companies reporting after market close
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14:52 EDTGMEGameStop technical comments ahead of results
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12:30 EDTMSFTMicrosoft plans to unveil Windows 9 on September 30, The Verge reports
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11:44 EDTMSFTHP hits 52-week high after solid revenue growth, positive analyst commentary
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09:57 EDTGMEGameStop August weekly 41 straddle priced for 6.7% move into Q2
09:04 EDTMSFTMicrosoft and TracFone announce collaboration
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06:26 EDTGMEGameStop August weekly volatility elevated into Q2 and revenue outlook
GameStop August weekly call option implied volatility is at 163, September is at 47, January is at 40; compared to it 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q2 today.
August 20, 2014
08:42 EDTATVIActivision Blizzard price target raised to $30 from $24 at Argus
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07:58 EDTMSFTBallmer stepping down a positive for Microsoft, says FBR Capital
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06:36 EDTMSFTIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
17:14 EDTMSFTOn The Fly: Closing Wrap
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14:12 EDTMSFTBallmer steps down from Microsoft board, sees holding shares
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11:25 EDTMSFTHTC unveils the HTC One for Windows
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09:28 EDTGMEGameStop says CEO underwent unexpected surgery for tumor
GameStop disclosed in a regulatory filing that late last week Paul Raines, its CEO, underwent unexpected surgery during which a "very small, cancerous tumor was identified and successfully removed from an easily accessible part of the brain." The company added, "Because it was found very early, his doctors have advised him that his prognosis for a full and complete recovery is very good. The next step is for Paul to undergo preventive chemotherapy. Recovery from this process is expected to take about six weeks. This regimen will restrict his travel during that period, but will not interfere with his continued leadership of the Company." Daniel DeMatteo, Executive Chairman, said, "Speaking for the Board, we have every confidence in Paulís continued leadership and wish him a speedy recovery. While he recovers, our highly-tenured executive team will ensure that our business continues without interruption."
06:11 EDTGMEGameStop FY14 guidance likely in-line, says Piper Jaffray
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August 18, 2014
13:12 EDTMSFTMicrosoft getting ready to launch Chromebook challengers, 9to5Google says
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06:03 EDTSNEAUO continues to see curved TV orders from Sony and Samsung, DigiTimes says
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