|Bid||68.86 x 800|
|Ask||69.25 x 1100|
|Day's Range||68.33 - 69.67|
|52 Week Range||57.29 - 81.64|
|PE Ratio (TTM)||105.25|
|Forward Dividend & Yield||0.34 (0.49%)|
|1y Target Est||N/A|
Tencent's stock fell around 3 percent in Thursday morning trade following a quarterly earnings report that missed analysts' expectations. The news comes days after the Chinese tech giant halted the sale of the video game "Monster Hunter: World" due to complaints raised by regulatory authorities. Tencent's 700-HK stock was in focus after the company posted a quarterly earnings report on Wednesday that missed analyst expectations.
Electronic Arts (EA) has sold more than 130 million units since of the release of the franchise. The company cited strong weekend sales of the latest title as the key catalyst.
PiperJaffray is upbeat about all three—Take-Two, Activision Blizzard (ATVI) and Electronic Arts (EA), all of which are Barron’s Next 50 stocks—with “overweight ratings” on each of the companies. The analysts cited optimism about the coming “Read Dead Redemption” game and “re-acceleration in recurrent consumer spend.” At Activision, PiperJaffray wrote, its crucial Call of Duty Black Ops 4 game “will perform well, despite a crowded title slate.” (Last year’s “Call of Duty” installment was the biggest game of 2017.) Barron’s Next took a look at what’s coming in the second half of the year back in June. PiperJaffray cited a survey of about 300 gamers, asking them to name the games they were most excited about playing over the coming year.
Without much background, you’d imagine that GameStop (NYSE:GME) is a company on the resurgence. Since the end of May, GME stock has gained more than 19%. Furthermore, with video games being a popular activity cutting across many demographics, GameStop’s rally seemingly has strong fundamental support.
The game maker has increased its dividend for eight straight years, and it has $2 billion worth of reasons it can provide to keep that streak going.
A generation ago, people mocked the idea of video gaming being anything but a frivolous hobby. In a similar manner, esports, or gaming tournaments fashioned after popular athletic events, have generated their own viable economy.
Alan Valdes of SilverBear Capital tells Yahoo Finance's Seana Smith why there's still time for investors to make money in tech stocks.