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Stock Market & Financial Investment News

News Breaks
August 22, 2014
11:59 EDTATVI, NTDOY, GME, TTWO, SNE, EA, MSFTGameStop surges after Q2 EPS, revenue beat expectations
Shares of video game retailer GameStop (GME) are surging after the company reported second quarter earnings per share and revenue that surpassed analysts' consensus. WHAT'S NEW: GameStop's Q2 EPS was 22c, higher than analysts' 18c consensus. The retailer's Q2 revenue was $1.73B, which was better than analysts' consensus of $1.63B. GameStop's Q2 same-store-sales were up 21.9%. During the quarter, new hardware sales increased 124.8%, as worldwide demand for Microsoft’s (MSF) Xbox One and Sony’s (SNE) PlayStation 4 remained very high. New software sales grew 15.6% driven by the strong performance of recently released new titles, such as Ubisoft’s Watch Dogs and Nintendo’s (NTDOY) Mario Kart 8. GameStop anticipates Q3 EPS in the range of 58c-64c, which is in-line with analysts' 59c consensus. The company sees Q2 SSS to be up 1%-5%. The retailer anticipates FY14 EPS to be in the range of $3.40-$3.70, which falls in-line with analysts' consensus of $3.68 GameStop foresees FY14 SSS to be up 6%-12%. ANALYST OPINION: R.W. Baird raised its price target on GameStop to $52 from $50 after the company reported Q2 results "above expectations" which were prompted by strong demand for hardware, growing software sales, and increasing digital receipts. Baird said that advantages exist in the retailer's "technology brand" which remains on schedule for 300-400 openings for the year. Baird kept an Outperform rating on GameStop. Piper Jaffray feels that GameStop's guidance for the year could be "conservative" in the second half as SSS expectations look to be low in the midst of a quicker than anticipated uptake of next generation consoles along with strong software attach rates. Piper feels that the video game industry as a whole is still working through a console transition "air pocket," but still, noted that it foresees the optics of the video game market will get better in the second half when software sales become positive. The firm increased its price target on the stock to $53 from $52 while maintaining its Overweight rating. PRICE ACTION: In late-morning trading, GameStop climbed $2.43, or 6%, to $42.92. OTHERS TO WATCH: Publicly traded video game makers include Electronic Arts (EA), Take-Two Interactive (TTWO), and Activision Blizzard (ATVI).
News For GME;MSFT;SNE;NTDOY;EA;TTWO;ATVI From The Last 14 Days
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April 9, 2015
18:11 EDTMSFTWorldwide PC shipments decline 6.7% in Q1, IDC says
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11:11 EDTEAOptions with increasing implied volatility
Options with increasing implied volatility: TLM WETF GRPN TRIP GMCR MYL AOL WB WFM EA
09:55 EDTMSFTYahoo testing search pages without Bing branding, Business Insider reports
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07:15 EDTMSFTMicrosoft May volatility elevated into Q3 and outlook
Microsoft April call option implied volatility is at 19, May is at 24; compared to its 26-week average of 20 according to Track Data, suggesting large late April price movement into the expected release of Q3 results on April 29.
April 8, 2015
20:17 EDTMSFTAppeals court questions Google in patent dispute with Microsoft, Reuters says
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11:29 EDTATVI, EAOptions with increasing implied volatility
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06:00 EDTMSFTMicrosoft expects Surface shipments to exceed 4M units in 2015, DigiTimes says
Microsoft is expected to have a chance to ship over 4M Surface tablets in 2015 due to its new Surface 3 and Surface Pro series products, reports DigiTimes. According to sources from the upstream supply chain, Microsoft is expected to unveil its next-generation Surface Pro 4 tablet and will enter mass production in June. It will be released along with Windows 10 in 2H15. Reference Link
April 7, 2015
15:53 EDTMSFTMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTMSFTMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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12:36 EDTEA, ATVIOptions with increasing implied volatility
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09:03 EDTEAEA, Illumination Entertainment, Universal Partnerships announce collaboration
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07:52 EDTMSFTHP, Microsoft partnering on solutions for auto, financial services industries
HP (HPQ) announced it is partnering with Microsoft (MSFT) to deliver solutions for the automotive, public sector and financial services industries to help organizations deliver differentiated products and create new revenue through mobile, web and social channels. HP and Microsoft are building a portfolio of business process accelerators and are delivering them as Business Process as-a-Service solutions, HP stated. HP Business Process as-a-Service solutions for Microsoft Dynamics services are available immediately worldwide. Reference Link
07:28 EDTSNESony increases production capacity for stacked CMOS image sensors
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06:25 EDTMSFTMicrosoft close to have alternative to Apple Pay, Business Insider reports
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April 6, 2015
10:02 EDTMSFTOn The Fly: Analyst Upgrade Summary
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07:45 EDTMSFTMicrosoft upgraded at Wells Fargo
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07:34 EDTMSFTWells Fargo upgrades Microsoft on improved strategic position
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06:31 EDTMSFTMicrosoft upgraded to Outperform from Market Perform at Wells Fargo
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06:28 EDTMSFTMicrosoft completes latest round of layoffs, Business Insider reports
Microsoft has completed its latest round of layoffs in a move to "remove role overlap, optimize activities and functions, align disciplines with the rest of Microsoft, and, perhaps most importantly, reshape IT for the skills we need to transform," Business Insider reports, citing an email from Chief Information Officer Jim DuBois. A company spokesperson commented that the company believes this will be the "last of the anticipated broad cuts as part of the restructuring plan announced last July." Though it is unclear how many employees were laid off in this round, affected workers are coming from Microsoft's divisions and not focused on former Nokia employees. Reference Link
April 5, 2015
17:35 EDTSNESony acquiring 'important parts of OnLive'
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