|Bid||79.16 x 800|
|Ask||79.21 x 900|
|Day's Range||76.21 - 79.70|
|52 Week Range||44.81 - 82.05|
|Beta (5Y Monthly)||0.61|
|PE Ratio (TTM)||39.22|
|Forward Dividend & Yield||0.41 (0.53%)|
|Ex-Dividend Date||Apr 14, 2020|
|1y Target Est||N/A|
Earnings season is here, and it looks like a nail-biter. The consensus view has second-quarter earnings per share underlying the S&P 500 index plunging 44% versus a year ago to just over $23. (BAC) Global Research and Goldman Sachs recently published reports explaining exactly what to expect from the numbers, and they disagree on everything but the dollar symbols.
Most readers would already be aware that Activision Blizzard's (NASDAQ:ATVI) stock increased significantly by 23% over...
Video game maker Activision Blizzard (NASDAQ:ATVI) has been around since 2008 and is having one of its best-ever years in the face of the novel coronavirus. Activision-Blizzard stock is up more than 30% year to date.Source: madamF / Shutterstock.com The maker of the ever-popular Call of Duty franchise is already pushing all-time highs set in 2018. With more people staying at home as the new virus spins out of control, and with next-generation gaming consoles being released later this year, Activision Blizzard is a good bet to blast through that ceiling.I've already declared Activision one of my seven best consumer stocks to buy. Now we'll take a closer look at this popular gaming stock and the tailwinds that will continue to push it higher.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Activision-Blizzard Stock at a GlanceFirst released in 2003, Call of Duty may be Activision's best-known franchise. It has released more than a dozen different versions on the game on PC's as well as consoles like Sony's (NYSE:SNE) PlayStation systems, Microsoft's (NASDAQ:MSFT) Xbox and Nintendo's (OTCMKTS:NTDOY) various platforms.Activision keeps the first-person shooter game interesting by mixing things up -- some versions of the game focus on World War II, while others were set in Russia. The most popular game in the franchise, Call of Duty: Black Ops, was released in 2010 and has sold 31 million copies. * The 7 Best Stocks to Invest in Right Now The most-recent installment of the game, Call of Duty: Modern Warfare, was released in October 2019 and reportedly outperformed every game in the popular franchise in the first quarter, according to Forbes.A part of the game -- Warzone combat arena -- was available online for free, which helped boost the franchises' popularity even further. Call of Duty games also make money through in-game purchases and battle passes, providing a consistent revenue stream to help bolster Activision-Blizzard stock.Other successful franchises for Activision include Candy Crush and World of Warcraft, but Call of Duty rules the roost.When the PlayStation 5 and the Xbox Series X, both next-generation game consoles, are released this year, you can expect Call of Duty to get plenty of playtime on the upgraded consoles. EarningsVideo game stocks and other home-entertainment stocks have done well this year as people are staying home during the Covid-19 pandemic. So not surprisingly, Activision-Blizzard stock investors enjoyed the company's first-quarter earnings report.Revenue of $1.52 billion was better analysts' estimates of $1.32 billion. Earnings per share of 76 cents far exceeded estimates of 38 cents per share.Activision said it had more than 400 million monthly active users in the first quarter as people stayed at home during the pandemic. Improved user engagement levels helped the company increase in-game spending by 20% in the quarter, totaling $956 million. That accounts for 63% of the company's business, Activision said.Daniel Alegre, Activision's president and COO, told analysts the company is in a strong position: "We entered the year with strong momentum in some of our biggest franchises, which only increased further through the quarter. Our employees are showing remarkable dedication as they take on the responsibility of delivering the highest-quality content to our expanded communities."In light of the strong first-quarter results, Activision raised its full-year guidance. It's now projecting $2.62 per share in adjusted profit on $6.8 billion in revenue, up from $2.22 per share and $6.45 billion in revenue. The Bottom Line on ActivisionActivision-Blizzard stock is only a few dollars shy of its 2018 all-time high of $83.75, but I'm expecting it to shatter that number soon.The company's gaming franchises -- on mobile devices and gaming consoles -- are incredibly strong. People will stay online and play as long as going outside to socialize remains a threat. And you can expect a renewed surge of gaming interest when Sony and Microsoft unleash their next-gen gaming consoles later this year.Activision-Blizzard stock has an "A" rating in my Portfolio Grader right now, where it's ranked as a strong buy.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Activision-Blizzard Stock Is Blasting Toward All-Time Highs appeared first on InvestorPlace.
(Bloomberg) -- Following scathing reviews of a computer game it released in May, Amazon.com Inc. is delaying its next big-budget game by at least six months. The decision represents another setback for the technology giant’s ambitions to break into the gaming industry.The next game, New World, was supposed to debut in late August but is now scheduled for spring 2021, Rich Lawrence, director of Amazon’s game studio, wrote in a blog post Friday. The company wants extra time to implement changes suggested by players who have been testing the game, he wrote.Delays are fairly common in the video game industry, but this was an important opportunity for Amazon to redeem itself after a recent flop. Amazon is trying to make a name for itself as a maker of big-budget video games that can compete with those from the likes of Activision Blizzard Inc. and Electronic Arts Inc. But Amazon’s Crucible, a free-to-play PC game introduced in May, was panned by critics, prompting Amazon to take the highly unusual step of pulling the game from wide circulation.New World is a massively multiplayer online game where hundreds of players seek to colonize a fictional world filled with supernatural creatures. Customers who tested or pre-ordered the game will still be able to play it for “a period of time” starting Aug. 25, the company said.“We don’t make the decision lightly, and we have urgency about getting the game to you as quickly as possible at the best quality -- with some additions that will make the experience even better,” Lawrence wrote.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Video games have become a huge business. That’s raised interest in video game stocks, including those that are considered esports stocks. Top names include Activision, EA and Take-Two.
Wall Street analysts on Tuesday issued bullish reports on video game publishers Electronic Arts and Activision Blizzard based on their upcoming releases. Both stocks got price-target hikes.
Let's dive into why the video gaming powerhouse might be worth buying as both a near-term coronavirus play and a long-term bet on the future of entertainment...
Shares of Glu Mobile (NASDAQ: GLUU) gained 53.2% across the first six months of the year, according to data from S&P Global Market Intelligence. Glu Mobile reported fourth-quarter results in February and first-quarter results in May, and its stock saw major positive momentum following each release. Video game stocks have generally performed very well amid 2020's volatile conditions, and Glu's stock gains across first half of the year were significantly better than those of industry leaders including Activision Blizzard, Electronic Arts, and Take-Two Interactive.
The company's market-crushing performance this year reflects the strength of its catalog and having the right products at the right time.
Cimpress (CMPR) has been suffering from low bookings across its segments due to the soft-demand environment amid the coronavirus outbreak. Also, the company's high debt level remains concerning.
Shares of Zynga (NASDAQ: ZNGA) gained 55.9% across the first six months of 2020, according to data from S&P Global Market Intelligence. Video game stocks have generally posted impressive gains this year, as shelter-in-place and social distancing measures prompted people to stay inside and spend more time on digital entertainment. Zynga has been one of the category's best performers, posting gains that outstripped industry competitors including Activision Blizzard, Electronic Arts, Take-Two Interactive, and Glu Mobile.
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
In the current session, Activision Blizzard Inc. (NASDAQ: ATVI) is trading at $78.74, after a 0.91% spike. Over the past month, the stock increased by 12.79%, and in the past year, by 63.53%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently above from its 52 week high by 0.65%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.Activision Blizzard Inc. has a better P/E ratio of 38.63 than the aggregate P/E ratio of 29.76 of the Electronic Gaming & Multimedia industry. Ideally, one might believe that Activision Blizzard Inc. might perform better in the future than its industry group, but it's probable that the stock is overvalued.Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Stocks That Hit 52-Week Highs On Tuesday * Stocks That Hit 52-Week Highs On Monday * Stocks That Hit 52-Week Highs On Friday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Vail Resorts (MTN) banks on extensive marketing initiatives to revive top-line growth. However, stiff competition and the coronavirus pandemic pose concerns.
Video game companies like Electronic Arts (NYSE:EA) and Activision (NASDAQ:ATVI) are flourishing in the post-novel coronavirus world. The Street is embracing this bullish narrative by rewarding ATVI and EA stock with robust year-to-date gains that are accelerating as I type.Source: 360b / Shutterstock.com Far from hurting their business models, the twin trends of social distancing and staying at home have helped. Shut-in consumers have taken to gaming in an effort to stave off boredom. And, those who already play now have a lot more time to conquer dungeons, off baddies, and otherwise level up.In today's commentary, we're focusing on Electronic Arts, but Activision shares follow a similar flight path due to their strong positive correlation.InvestorPlace - Stock Market News, Stock Advice & Trading Tips EA Stock Chart Signals More Gains AheadWe begin, as always, with the bigger picture. Like a history book, the weekly chart reveals the twists and turns of Electronic Arts for as far back as you want to look. For our purposes, the last five years will suffice. It shows the 2018 record high as well as multiple bottoms carved out during bear markets and nasty corrections.Source: The thinkorswim® platform from TD Ameritrade Up until mid-2018, EA stock found itself in the middle of a secular trend, driving the video game industry to new heights. Mass adoption generated lofty growth projections, increased sales, and a booming share price. Unfortunately, in the back half of 2018, the company's performance didn't live up to expectations and EA quickly lost 50% of its value. * 7 Utilities Stocks to Buy With Reassuring DividendsBut the share price of growing companies can't be depressed forever. After the halving, EA stock spent a year in base-building mode before finally rising anew. The ascent has accelerated after Covid-19 came to town with really aggressive momentum coming in over the past month. With Monday's 2.5% gain, the stock is now at a 52-week high and within striking distance of its 2018 record of $151.26.All major weekly moving averages are rising and there's been no signs of distribution since mid-March. No matter how you spin it, buyers are in complete control here.The daily chart adds additional color and detail to the big picture. A series of higher pivot highs and higher pivot lows kicked off in April and has continued through today. The 20-, 50- and 200-day moving averages are all loyally rising below the price, in full support of buyers. In the past week, we've seen a sideways base form, full of doji and other narrow-bodied candles suggesting a stalemate between bulls and bears.Source: The thinkorswim® platform from TD Ameritrade The tie was broken Monday with bulls finally gaining control and jamming EA stock through resistance. Volume is also expanding on the session and confirms institutional accumulation is aiding the breakout attempt. Even if a pullback develops over the coming days, it's impossible not be a buyer on dips. This particular tactic is racking up quite the track record over the past three months. Options AnalysisTo narrow down the overwhelming number of options strategies available, let's use the implied volatility indicator. It reveals whether options are cheap or expensive, and thus, whether it's more attractive to be a buyer or seller. At 23%, the implied volatility rank sits in the lower quartile of its range, suggesting premiums are low. You can still sell options, mind you, but the payday isn't all that large.As such, I'd suggest a long premium play via calls or call spreads.The Trade: Buy the Sep $135/$140 bull call spread for around $2.30.It's a relatively cheap trade structure that offers a balanced risk-reward. The initial cost of $2.30 is the max loss and will be forfeited if EA sits below $135 at expiration. If the stock rises above $140 by mid-September, then you will capture the max gain of $2.70.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler held neutral options positions in EA. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Buy EA Stock as it Advances to a New Level appeared first on InvestorPlace.
Activision Blizzard's (NASDAQ: ATVI) "Call of Duty: Modern Warfare" has received some significant updates. "Warzone" now contains a 200-player battle royale arena, and changes to the MP5 could switch up the competitive meta.Mixed opinions have swirled competitive "Call of Duty" since the release of "Modern Warfare," and professional players have spoken out about the lack of developer support in the league. With the "Modern Warfare" season approaching its end, the championship has become a main focus, and it appears that Infinity Ward has plans to celebrate it. > C L E A N pic.twitter.com/6SsyVFG5Gu> > -- Empire Clayster (@Clayster) July 1, 2020A new data mine has revealed upcoming Call of Duty League-themed DLC packs for "Modern Warfare" and "Warzone."The pack contains blueprints for weapons like the M4, HDR, and M19. It also includes charms such as a gold CDL Champs 2020 ring, and a gold CDL logo. A CDL Team Supporter Pack also includes 55 player signatures, three calling cards, three emblems and three sprays. It's a fantastic way to continue bridging the gap between players and fans, and gives those hopping into the game a chance to represent their favorite players.The Call of Duty League championship is set to happen in August. As of this writing, it's unknown when the CDL-themed packs will become available for fans in-game.See more from Benzinga * 100 Thieves 'Gamers For Equality' Kicks Off With 'League of Legends' Tournament * Huntsmen's Seth 'Scump' Abner Talks Retirement, Censorship In 'Call Of Duty' League * G2 Esports Makes 'High Risk, High Reward' Investment In 'Valorant'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Popular esports and lifestyle brand 100 Thieves is hosting three Gamers for Equality events across different competitive titles.In partnership withSquare Inc (NYSE: SQ)-owned CashApp, the organization is kicking off the event with a "League of Legends" tournament starting July 1.The team initially hoped to kick off a weekly tournament series through "Call of Duty: Warzone" on June 18, but a dispute between 100 Thieves and Activision Blizzard (NASDAQ: ATVI) forced the series to be postponed.Matt "Nadeshot" Haag, the CEO of 100 Thieves, announced that the organization would find a different way to hold the event in different titles.Now, the Gamers for Equality series will donate $100,000 from three different events in titles "League of Legends," "VALORANT" and "Fortnite."> Announcing the @CashApp Gamers For Equality tournament series! A three-week event to donate $100,000 to support organizations furthering racial equality.> > 7/1 - League of Legends > 7/8 - VALORANT > 7/15 - Fortnite> > More details to come! GamersForEquality pic.twitter.com/bN6O1kNCI0> > -- 100 Thieves (@100Thieves) June 26, 2020The series will last from July 1 to July 15, with the "League of Legends" tournament kicking it off. Fans can tune into the event through Amazon's (NASDAQ: AMZN) Twitch on the 100 Thieves official channel.See more from Benzinga * Mixer's Closure Delivered Large Payouts For Ninja And Shroud, But Where Will They Go? * Huntsmen's Seth 'Scump' Abner Talks Retirement, Censorship In 'Call Of Duty' League * G2 Esports Makes 'High Risk, High Reward' Investment In 'Valorant'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Coronavirus has resulted in drastic changes in lifestyle and preferences in keeping with the social-distancing measures. In such a scenario, an increasing demand for video games has been noticed.
A new generation of PlayStation and Xbox consoles means a better experiences for game players. But it also creates opportunities for investors.