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Stock Market & Financial Investment News

News Breaks
January 30, 2013
11:11 EDTGME, NTDOYWii U weakness largely priced into GameStop, says Piper Jaffray
Piper Jaffray notes that Nintendo (NTDOY) this morning announced the sale of 3.06M Wii U consoles through December 2012, but said it expects only an additional 1M units sold for the March quarter. To reflect lower hardware sale assumptions, Piper lowered its FY13 earnings estimate for GameStop (GME) to $3.27 from $3.30. However, the firm believes lower than expected Wii U expectations are largely priced into GameStop shares at current levels. The firm keeps a Neutral rating on the stock.
News For GME;NTDOY From The Last 14 Days
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July 2, 2015
06:36 EDTNTDOYNintendo asks makers to begin production of next console, DigiTimes reports
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June 24, 2015
15:53 EDTGMESunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTGMEAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Streetís appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:36 EDTGME, NTDOYElectronic Arts advances after analysts positive on E3 showing
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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.
June 22, 2015
09:14 EDTNTDOYOn The Fly: Pre-market Movers
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June 21, 2015
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
07:51 EDTGMEGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
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