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Stock Market & Financial Investment News

News Breaks
January 7, 2013
13:00 EDTEA, HASHasbro, PopCap Games announce licensing deal
Hasbro (HAS) and PopCap Games, maker of some of the world’s most popular video game franchises and a division of EA (EA), announced a licensing deal to bring some of PopCap’s blockbuster properties into a new world of face-to-face games developed by Hasbro. Through this agreement, Hasbro has obtained the license to develop and distribute a wide range of physical games based on PopCap’s properties, including Bejeweled.
News For HAS;EA From The Last 14 Days
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July 30, 2015
16:02 EDTEAElectronic Arts sees Q2 EPS about 40c, consensus 67c
Sees Q2 revenue approximately $815M, consensus $1.12B.
16:02 EDTEAElectronic Arts reports Q1 EPS 15c, consensus 3c
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15:04 EDTEANotable companies reporting after market close
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15:04 EDTEAElectronic Arts July weekly 72 straddle priced for 6.2% movement into Q2
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14:38 EDTEAElectronic Arts technical comments before earnings
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08:00 EDTEAElectronic Arts July weekly volatility increases into Q2 and outlook
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July 21, 2015
10:01 EDTHASOn The Fly: Analyst Downgrade Summary
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06:58 EDTHASHasbro downgraded to Market Perform from Outperform at Wells Fargo
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06:41 EDTHASHasbro downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Hasbro to Neutral saying shares are trading at peak multiples. Piper views the stock as fairly valued based on current expectations following the company's Q2 results. It raised its price target for shares to $85 from $79.
06:33 EDTHASHasbro downgraded to Market Perform from Outperform at BMO Capital
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05:12 EDTEAEA SPORTS partners with Real Madrid C.F. as official videogame partner
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July 20, 2015
16:22 EDTHASOn The Fly: Top stock stories for Monday
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10:43 EDTEAZillow slides to 52-week low after Barclays cuts to sell
The shares of Zillow (Z) are falling after Barclays downgraded the stock to Underweight, the firm's equivalent of a "Sell" rating, citing increased competition in the "local" segment of the Internet market. Zillow's websites advertise homes that are up for sale. WHAT'S NEW: In a note to investors earlier today, Barclays analyst Christopher Merwin wrote that, heading into second quarter results, he does not recommend Internet stocks that have been "challenged" and have relatively "cheap" valuations. These valuations are only "cheap" based on consensus estimates that are probably too high, the analyst believes. Based on that criteria, he downgraded Zillow to Underweight from Equal Weight. He also used the same criteria to downgrade Yelp (YELP), whose website features user reviews of local businesses, to Equal Weight from Overweight. Both companies are facing an "atypical level" of competition, driven by a favorable venture capital funding environment, Merwin indicated. The competition has driven down the companies' multiples, he believes. WHAT'S NOTABLE: Merwin recommended that investors buy the shares of small and mid cap Internet companies whose estimates are just beginning to be revised upwards by analysts. He identified IAC (IACI), which owns several dating websites, as one stock in this category. IAC should benefit from increased monetization of its popular Tinder dating app and the stabilization of its core dating websites, the analyst contended. Also poised for further positive estimate revisions are video game makers Electronic Arts (EA) and Activision Blizzard (ATVI), Merwin believes. The companies' increased revenue from digital games should mitigate the risk they face from slowing software growth as sales of new consoles slow, the analyst believes. He noted that 50% of both companies' revenue are now generated from digital games and identified Electronic Arts and Activision Blizzard as two of his top ideas. PRICE ACTION: In morning trading, Zillow fell 5% to $79 after hitting a 52-week low of $76.82 earlier in the session. Meanwhile, Yelp slid 1.6% to $34.40, IAC fell fractionally to $83.83, Electronic Arts added about 1% to $74.15 and activision Blizzard rose 0.5% to $25.93.
06:39 EDTHASHasbro reports Q2 Boys revenue up 1% to $340.4M
Q2 Boys revenue driven by gains in nerf brands, as well as shipments in support of Jurassic World and growth in Marvel and Star Wars products. Reports Q2 Girls revenue down 22% to $127.5M, with Furby the leading driver of the decline. Reports Q2 Games revenue down 6% to $211.6M. Reports Q2 Preschool revenue up 14% to $118.1M.
06:37 EDTHASHasbro reports Q2 US and Canada revenue up 1% to $385.2M
Reports Q2 International revenue $362.8M. Reports Q2 Entertainment and Licensing revenue $47.6M.
06:33 EDTHASHasbro August volatility elevated into Q2 and outlook
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06:31 EDTHASHasbro reports Q2 EPS 33c, consensus 29c
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05:44 EDTEAZillow Group downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Christopher Merwin downgraded Zillow Group (Z) to Underweight saying competition is increasing in local. Underweight is Barclays' equivalent to a sell rating. The real estate and rental marketplace owner closed Friday at $83.27. Merwin believes consensus growth estimates are likely too high heading into Zillow's Q2 results and cut his price target for the stock to $70 from $90. The analyst this morning also downgraded Yelp (YELP) to Equal Weight for similar reasons. His top U.S. Internet picks heading into Q2 earnings season are IAC (IACI), Activision Blizzard (ATVI) and Electronic Arts (EA). Merwin thinks Activision and Electronic Arts will receive more than half of their 2015 revenue from digital.
July 17, 2015
15:19 EDTHASHasbro August 77.5 straddle priced for 6.3% movement into Q2
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05:51 EDTEAJune NPD video game software sales rose 21%, says Piper Jaffray
Piper Jaffray notes June NPD video game software sales were up 21% year-over-year, driven by Batman: Arkham Knight from Warner Bros. Piper remains positive on the group and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
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