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Stock Market & Financial Investment News

News Breaks
May 14, 2013
13:21 EDTTTWO, EA, ZNGA, ATVI, GME, COOL, GLUU, THQITake-Two rises after results beat expectations
Video game maker Take-Two (TTWO) is climbing after the company reported stronger than expected fourth quarter results and issued upbeat long-term guidance. WHAT'S NEW: Take-Two's fourth quarter earnings came in at 38c, versus analysts' consensus estimate of 23c. The company's fourth quarter revenue was also higher than expected. Take-Two's strong results were driven by "robust demand for our groundbreaking new releases, iconic catalog titles and expanding portfolio of digitally delivered offerings," said Take-Two CEO Strauss Zelnick. Zelnick added that he expected the company to become profitable in fiscal year 2015 and "for the foreseeable future." Take-Two's future games will enable it to bring its bottom line into positive territory, Zelnick explained. On a negative note, the company provided guidance for a higher than expected first quarter EPS loss, as well as lower than expected revenue. ANALYST REACTION: In a note to investors earlier today, Sterne Agee analyst Arvind Bhatia raised his price target on the stock to $21 from $17. The stock should continue to rise ahead of the company's release of the next version of its popular Grand Theft Auto game on September 17, the analyst believes. Moreover, investors' confidence should be increased by the company's long-term guidance, contended Bhatia. who kept a Buy rating on the shares. Conversely, Robert W. Baird analyst Colin Sebastian called Take-Two Interactive "an interesting idea" but warned that his outlook on the video game sector remains cautious. Sebastian kept a Neutral rating on the stock, although he did increase his price target to $17 from $13. PRICE ACTION: In mid-afternoon trading, Take-Two rose 55c, or 3.33%, to $16.95. Other video game makers also advanced, with Electronic Arts (EA) rising 2% to $22.17 and Activision Blizzard (ATVI) climbing 2.4% to $15.
News For TTWO;EA;ZNGA;ATVI;GME;COOL;GLUU;THQI From The Last 14 Days
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October 22, 2014
09:50 EDTZNGAZynga to bring back Zynga Poker Classic, will have two Poker games
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October 17, 2014
09:00 EDTGMEGameStop management to meet with SunTrust
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05:39 EDTTTWO, GME, EA, ATVISeptember NPD video game software sales fell 36%, says Piper Jaffray
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October 15, 2014
10:11 EDTGMEGameStop expands layaway program for 2014 holiday season
GameStop announced that it will expand its 2014 holiday layaway program to include more products. In addition, through its new PowerUp Rewards credit card, GameStop is offering special financing. For a limited time, PowerUp Rewards Pro credit cardholders will receive zero percent interest on purchases of $500 or more for six months, GameStop announced.
09:40 EDTGMEGameStop upgraded to Neutral from Underperform at Hilliard Lyons
October 14, 2014
05:51 EDTZNGAStocks with implied volatility movement; DRYS ZNGA
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October 10, 2014
10:49 EDTGMEHigh option volume stocks
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10:01 EDTEAOn The Fly: Analyst Upgrade Summary
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07:59 EDTEAElectronic Arts upgraded to Buy from Hold at Benchmark Co.
Benchmark Co. upgraded Electronic Arts to Buy with a $42.50 price target saying the company's upcoming Q2 results will likely beat expectations and drive share upside.
October 9, 2014
11:15 EDTGMEGameStop management to meet with Oppenheimer
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08:06 EDTATVIActivision Blizzard files response to Noriega lawsuit
Activision Blizzard, filed a response to Manuel Noriega’s opposition in the lawsuit brought by the former dictator and convicted murderer. Rudy Giuliani, former New York City Mayor and named partner of Bracewell & Giuliani, will argue as co-counsel beside Munger, Tolles & Olson at the October 16 hearing in Los Angeles Superior Court in support of Activision Blizzard’s motion. Activision Blizzard is moving to strike Noriega’s lawsuit on the grounds that the minor inclusion of a Noriega character in Call of Duty: Black Ops II is protected free speech. The motion to strike was filed in Los Angeles Superior Court on September 22. The legal action seeks to dismiss Manuel Noriega’s complaint at the outset under California’s anti-SLAPP statute. Lawyers for Manuel Noriega filed a response to the anti-SLAPP motion on October 2. The Superior Court will consider the matter at a hearing on October 16.
07:57 EDTGLUUGlu Mobile short report riddled with inaccuracies, says Cowen
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October 8, 2014
10:48 EDTGLUU, ZNGAGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.
10:00 EDTGLUUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADTRAN (ADTN) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Outperform from Underperform at CLSA... Bill Barrett (BBG) upgraded to Neutral from Underperform at Macquarie... CNOOC (CEO) upgraded to Buy from Hold at Jefferies... Calamos (CLMS) upgraded to Market Perform from Underperform at Keefe Bruyette... Calix (CALX) upgraded to Buy from Neutral at Goldman... Cimarex Energy (XEC) upgraded to Outperform from Neutral at Macquarie... Cogent (CCOI) upgraded to Outperform from Market Perform at Raymond James... Coty (COTY) upgraded to Neutral from Sell at B. Riley... Dassault Systemes (DASTY) upgraded to Equal Weight from Underweight at Barclays... EOG Resources (EOG) upgraded to Outperform from Neutral at Macquarie... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark Co.... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Goodrich Petroleum (GDP) upgraded to Neutral from Underperform at Macquarie... Greif (GEF) upgraded at Wells Fargo... PHH Corp. (PHH) upgraded to Outperform from Market Perform at Keefe Bruyette... Parsley Energy (PE) upgraded to Outperform from Neutral at Macquarie... Rent-A-Center (RCII) upgraded to Buy from Neutral at Northcoast... Royal Gold (RGLD) upgraded to Overweight from Underweight at HSBC... Rush Enterprises (RUSHA) upgraded to Strong Buy at Raymond James... Sanchez Energy (SN) upgraded to Outperform from Neutral at Macquarie... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie... TC PipeLines (TCP) upgraded to Neutral from Underweight at JPMorgan... Tesco (TSCDY) upgraded to Neutral from Underweight at HSBC... Vocera (VCRA) upgraded to Outperform at FBR Capital.
09:20 EDTGLUUOn The Fly: Pre-market Movers
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08:23 EDTGLUUGlu Mobile upgraded to Buy from Hold at Benchmark Co.
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