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Stock Market & Financial Investment News

News Breaks
May 16, 2014
08:12 EDTGME, ATVI, TTWO, MSFT, EA, SNESony console sales pass Microsoft for fourth straight month, Bloomberg says
Sony's (SNE) PlayStation 4 surpassed Microsoft's (MSFT)ís Xbox One in April to rank first in U.S. console sales, prolonging its lead for a fourth consecutive month, according to Bloomberg, citing data from NPD Group. Hardware sales in April increased 76% to $192.8M from last year, while software excluding titles for PCs decreased 10% to $227.9M. Companies who provide games for both consoles include Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO), while GameStop (GME) is a game and console retailer. Reference Link
News For SNE;MSFT;ATVI;EA;TTWO;GME From The Last 14 Days
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August 21, 2015
06:01 EDTSNE, MSFTABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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06:01 EDTMSFTInterDigital sued by Microsoft for violating antitrust law, Reuters reports
Microsoft (MSFT) has filed a lawsuit against InterDigital (IDCC), accusing the company of violating U.S. antitrust law by unfairly licensing its technology, Reuters reports. The suit, filed in federal court in Wilmington, Delaware, is the latest move in the companies' fight over patent licensing. The ITC is set to rule this month on whether Microsoft's smartphones infringe two of InterDigital patents and should be banned from being imported into the U.S. Reference Link
August 20, 2015
13:31 EDTMSFTMicrosoft could unveil Surface Pro 4 at October event, The Verge reports
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12:32 EDTMSFTEarnings Watch: Salesforce shares up fractionally since last earnings report
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08:43 EDTATVIActivision Blizzard management to meet with Pacific Crest
Group luncheon to be held in Chicago on August 20 hosted by Pacific Crest.
08:02 EDTMSFTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
16:13 EDTATVIASTRO Gaming partners with Activision and Treyarch on Black Ops lll
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09:45 EDTMSFTMicrosoft dividend raise likely to be modest, says Citi
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06:45 EDTMSFTMicrosoft in talks to buy Mesophere, The Information reports
Microsoft has made an approach to Mesophere to buy the cloud-computing software startup, The Information reports, citing two sources briefed on the talks. A deal that could be worth about $1B, the report says. Reference Link
August 17, 2015
16:00 EDTMSFTOptions Update; August 17, 2015
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10:21 EDTTTWOOptions with decreasing implied volatility
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09:38 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT
07:39 EDTMSFTTMC to hold a conference
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August 14, 2015
16:00 EDTMSFTOptions Update; August 14, 2015
iPath S&P 500 VIX Short-Term Futures down 4c to 16 Option volume leaders: AAPL FB BAC MU NFLX TWTR HUN TSLA BABA MSFT RAD CSCO JCP AMZN SUNE
12:29 EDTEA, TTWO, ATVIKing Digital sinks after posting weaker than expected network metrics
Shares of King Digital (KING), an interactive entertainment company for the mobile world, are sinking after the company reported weaker than expected network metrics in the second quarter. WHAT'S NEW: After the close on Thursday, King Digital reported Q2 adjusted earnings per share of 49c and revenue of $500M, ahead of analysts' consensus estimates of 43c and $490.03M, respectively. King reported Q2 total gross bookings of $529M, above the high end of its previously provided guidance range, but down 12% sequentially and 13% year over year. Excluding the impact of changes in foreign exchange rates, King said gross bookings would have decreased by approximately 11% sequentially, and by approximately 6% y/y. King noted that 81%, or $430M, of gross bookings were derived from the mobile audience. The company said "Candy Crush Saga," "Candy Crush Soda Saga" and "Farm Heroes Saga" ranked within the top 10 grossing games in App Store and Play Store in the U.S. during Q2. King said its monthly unique users fell 1% to 340M in Q2, down from 345M last year, while monthly active users were 501M vs. 485M last year; daily active users were 142M in Q2 vs. 138M last year. The company said year-over-year increases in monthly active users and daily active users were primarily due to the introduction of new games, particularly "Candy Crush Soda Saga," partially offset by decline in "Candy Crush Saga" and other more mature games. It said increases also reflect growth in activity from mobile players, partially offset by continued decrease in activity from Facebook (FB) players. WHAT'S NOTABLE: Looking ahead, King Digital said it expects gross bookings in the third quarter of $460M-$485M based on the timing of game releases and recent trends. The company sees fourth quarter bookings "fairly consistent sequentially." ANALYST REACTION: This morning, JPMorgan analyst Doug Anmuth downgraded King Digital Entertainment to Neutral from Overweight citing an elevated risk profile following the company's Q2 results. King's network metrics were weaker than expected while a key component of the company's pipeline, the upcoming mid-core game, is pushed to 2016, Anmuth said. He cut the price target for shares to $17 from $20. PRICE ACTION: In early afternoon trading, King Digital fell $1.81, or 11.84%, to $13.40 on nearly four times its average daily trading volume. Including today's pull back, the shares have lost approximately 3% over the past year. OTHERS TO WATCH: Other companies in the mobile gaming space include Glu Mobile (GLUU), Zynga (ZNGA), Shanda Games (GAME), Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO).
10:24 EDTTTWOOptions with decreasing implied volatility
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07:20 EDTGMEGameStop price target raised to $58 from $50 at SunTrust
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07:12 EDTSNE, MSFTSony's Playstation 4 leads in strong July video game sales, VentureBeat reports
Even though July brought few major video game releases, new game hardware, software, and accessories generated $541.9M at U.S. retailers in the month, up 6% year over year, VentureBeat reports, citing data from NPD Group. Sony's (SNE) Playstation 4 console outsold its competitors' consoles, namely Nintendo's (NTDOY) Wii U and Microsoft's (MSFT) Xbox One, the report says. Reference Link
06:28 EDTMSFTSamsung makes enterprise push with new phones, improved security, WSJ says
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05:51 EDTGME, ATVI, TTWO, EAJuly NPD video game software sales flat year-over-year, says Piper Jaffray
Piper Jaffray analyst Michael Olson points out that July NPD video game software sales were flat year-over-year. Olson expects software growth as the pipeline improves later in the year and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
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