46.51 0.00 (0.00%)
After hours: 6:59PM EDT
|Bid||46.51 x 800|
|Ask||46.57 x 1000|
|Day's Range||45.47 - 46.76|
|52 Week Range||39.85 - 84.68|
|Beta (3Y Monthly)||0.79|
|PE Ratio (TTM)||19.79|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||0.37 (0.81%)|
|1y Target Est||52.57|
The "Halftime Report" traders answer viewer questions on Electronic Arts, Activision Blizzard, Caterpillar and Capital One.
According to the GuruFocus All-in-One Screener, the following companies are trading at a discount and have positive three- to five-year future earnings estimates. Warning! GuruFocus has detected 5 Warning Signs with CHA. Shares of China Telecom Corp. Ltd. (CHA) are trading around $52 per share.
JEFF REEVES'S STRENGTH IN NUMBERS Picture this scene: High-priced athletes with their faces set in grim determination, screaming fans showing loyalty with branded gear, millions of people watching at home.
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These Tech Stocks Could Be Overvalued at Their Current Prices(Continued from Prior Part)ZNGA’s returns The stock of gaming company Zynga (ZNGA) has generated a return of 51% in the last 12 months. Since the start of 2019, the stock is up 36%.
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Price to earnings Take-Two Interactive (TTWO) has a forward PE ratio of 28.9x for 2019. This valuation seems reasonable given the company’s significant revenue and
Activision Blizzard (ATVI) closed at $45.01 in the latest trading session, marking a -1.62% move from the prior day.
Why Take-Two Interactive Might Be a Good Buy Right Now(Continued from Prior Part)Primary revenue driver in the last quarter Gaming companies such as Take-Two Interactive (TTWO), Electronic Arts (EA), and Activision Blizzard (ATVI) are highly
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Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)PE ratio Activision Blizzard (ATVI) has a forward PE ratio of 35.9x for 2019. This ratio might seem high given the company’s negative revenue and earnings
Billionaire George Soros is one of the wealthiest and most successful investors of all time. Through a combination of intense research, good market instincts, a top-down approach to investing, and supreme intelligence, Soros has become a billionaire many times over and shown his wisdom in the forex market, futures market, as well as the U.S. stock market. […]
Why Take-Two Interactive Might Be a Good Buy Right NowStock has lost 8.6% this yearTake-Two Interactive (TTWO) stock had been on a roll for the last few years. The stock is up 370% in the last five years and 156% in the last three years. The stock
Are These Tech Stocks Attractive after Nearing 52-Week Lows?(Continued from Prior Part)Activision Blizzard is trading 44% below its 52-week high Shares of leading gaming company Activision Blizzard (ATVI) have fallen 44% since the start of October
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Partnerships with NetEase and TencentActivision Blizzard (ATVI) has a long-standing partnership with China’s (FXI) NetEase (NTES) that has now spanned 11
Activision (ATVI) announces that Sekiro: Shadows Die Twice game sales exceeded 2 million copies globally in less than 10 days of its release.
A new report reveals that American companies like Gannett, IBM, and Duke Energy didn’t just pay no taxes last year — they paid negative taxes.
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Call of DutyActivision Blizzard (ATVI) is one of the biggest gaming companies in the world. It has a large portfolio of gaming franchises across genres and
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Activision Blizzard stock was trading at $84 in October 2018 Activision Blizzard (ATVI) stock was trading at ~$84 in October 2018. The stock has since lost 43%
Each loot box offers a chance at winning digital costumes or better players that help their teams perform better. Loot boxes are extremely lucrative for the game publishers, generating billions of dollars in high-margin profits. Although loot boxes have been around for years, the monetization strategy is now coming under more scrutiny, with critics likening it to gambling aimed at the young.
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Activision Blizzard’s sales are expected to fall 11.6% in 2019The global gaming market continues to grow at a robust pace. The gaming market is expected to
Headquartered in Santa Monica, California, Activision Blizzard (NASDAQ:ATVI) is one of the most important interactive software and content developers, holding the keys to some of the biggest video game franchises. After being a darling among investors from 2014 to the last quarter of 2018, ATVI stock has dropped more than 40% from its early October highs.Source: Shutterstock The group is expected to report quarterly earnings on May 2. So what kind of price performance can we expect from the company around its earnings release? And will ATVI stock ultimately become a strong buy-candidate in the second quarter?Although I would not bet against ATVI stock's future, between now and the earnings release date, I expect to see further volatility and possible price weakness in Activision Blizzard stock. Here is why:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Current Headwinds for Activision Blizzard StockIncreased Competition: The global gaming market has been growing at a rapid rate and is expected to exceed $180 billion in revenues in 2021. The success of mobile gaming, which accounts for half of the gaming revenue, is one of the most important drivers behind this growth. * 7 AI Stocks to Watch with Strong Long-Term Narratives Going forward, analysts believe eSports will become a major disruptive force, with a market that will exceed $1 billion this year and with a revenue increase of 26.7% year-over-year. Most of the revenues for the companies in this segment currently come from North America and China.Such a growth industry inevitably attracts global competition. For example, Fortnite, an apocalyptic survival video game developed and marketed by the privately held Epic Games, generated $2.4 billion in revenue last year, more than any single game in 2018. The free-to-play game has become a worldwide champion among gamers of all ages.Earnings Season Worries: ATVI is one of the largest gaming companies globally in terms of revenue and market cap. The company has five core divisions: * Activision, which produces franchises such as Call of Duty and Destiny and focusing on console gaming; * Blizzard, which produces franchises such as World of Warcraft and Overwatch and focusing on online PC games with an emphasis on subscription-based business models; * King Digital, which produces mobile games; * Activision Blizzard Studios, a television and film studio that produces original content based on ATVI's existing franchises; and * MLG, which is an online eSports broadcasting network which produces titles like the Overwatch League.Activision Blizzard is currently franchise-reliant, whereas competition like Fortnite tends to focus on video game volume. In other words, if ATVI's core franchises were to lose popularity, the company would face fiscal and market consequences and the stock price would suffer.When Activision Blizzard reported earnings on Feb. 12, Wall Street was hoping to see the company to dispel fears of Fortnite and other competition. However, the company's fourth-quarter financial results left some investors raising an eyebrow as the number of monthly active users (MAUs) showed a steady decline in 2018 -- a possible sign that Fortnite has indeed been luring away ATVI fans.While Call of Duty: Black Ops 4 has done well, the Destiny franchise has been underperforming. Finally, Activision Blizzard's 2019 guidance that was less than impressive, with a forecasted drop in revenue to $6.3 billion from $7.5 billion in 2018. The company is also decreasing the global headcount by 8%.Analysts have also been concerned about the impact of several high-profile exits among Activision executives. The industry would rather report the company's successful franchises and positive player experiences than worries over the managerial void. For example, Activision Blizzard is continuing to bet big on eSports and investors are hoping that a bigger fan base would also translate into larger live events and merchandise sales. However, the numbers to positively affect the bottom line are not there yet.In short, most investors are likely to wait on the sidelines until they have more have a chance to analyze the balance sheet. Unless the numbers and the rest of the 2019 guidance are exceptional in May, investors may decide not to invest in the stock for several more weeks -- or even months. Short-Term Technical Analysis of ATVI StockDespite the broader market rally of 2019 which has pushed the prices of many tech stocks significantly higher, year-to-date, Activision Blizzard stock is up only around 2%. On the other hand, the stock price of Electronic Arts (NASDAQ:EA), one of ATVI's main competitors, is up 27% in 2019.ATVI stock's 52-week price range has been $84.68 (Oct. 1, 2018)-$39.85 (Feb. 11, 2019) and its 2019 gains have come mostly in March. Therefore, its short-term technical indicators have now become overextended. Investors who pay attention to short-term oscillators should note that ATVI's technical message has also become "overbought."Nonetheless, ATVI's current price is still under the 200-day moving average, a long-term trend-following technical indicator, which currently is at $53.3. While long-term investors would like to see ATVI stock go over the $50 level, traders are likely to keep the range between $47.50 and $42.50. Ultimately, ATVI's price will need to stabilize and build a base again before a long-term sustained leg up can occur.If you already own ATVI stock, you might want to hold your position. However, within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3%-5% below the current price point.If you are an experienced investor in the options market, you may also consider using a covered call strategy with approximately a six-week time horizon. In that case, you may, for example, buy 100 shares of ATVI at a limit price of $47.17 (the closing price on Apr. 11) and, at the same time, sell a ATVI May 31 $47.5 call option, which currently trades at $2.7.The $47.50 option is almost at-the-money, offering downside protection in case of volatility and a decline in Activision Blizzard stock. This call option would stop trading on May 31, 2019, and expire on June 1.After the upcoming earnings call, if you still believe in the bull case for Activision Blizzard stock, then you might consider waiting for a better time to buy, such as when the share price is around the low $40's, or even high $30's. The Bottom Line on ATVI StockWith its strong franchise focus, Activision Blizzard is an important company that is likely to weather the ebbs and flows of the industry. The rise of the digital gaming revolution is here to stay, and I believe the long-term fundamental story of ATVI stock is still intact.Investors who are interested in companies in the interactive software, entertainment or communication services but do not want to commit all their capital to a single stock such as ATVI may also consider investing in various exchange-traded funds (ETFs) that have Activision Blizzard as a holding. Examples of such funds would include the Invesco Dynamic Software ETF (NYSEARCA:PSJ), the VanEck Vectors Video Gaming and eSports ETF (NYSEARCA:ESPO) or the Communication Services Select Sector SPDR (NYSEARCA:XLC).As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Should You Consider Buying Activision Blizzard Stock Before Earnings? appeared first on InvestorPlace.
Will Activision Blizzard Bounce Back after Its $29 Billion Loss?(Continued from Prior Part)Activision Blizzard’s revenue is expected to fall 9.7%Activision Blizzard (ATVI) is set to announce its first-quarter earnings results on May 2, 2019.