|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||44.10 - 44.38|
|52 Week Range||31.38 - 49.90|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||30.69|
|Forward Dividend & Yield||1.48 (3.36%)|
|1y Target Est||73.97|
Most of the talk about Activision Blizzard (NASDAQ:ATVI) in recent days has revolved around the controversy created by banning one of its esports tournament players for supporting Hong Kong's anti-Beijing protesters, and Activision stock took the punishment. Source: Lauren Elisabeth / Shutterstock.com Investors didn't like the move, which forced the cancellation of an Overwatch event in New York City and had gamers calling for bans of ATVI products. Who knew video gaming could be so controversial?InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I thought about a subject for my latest article about ATVI stock, I considered some sort of angle to do with the protest, but quickly concluded that I have little appetite for discussing the pros and cons of companies standing with or against Mainland China. * 7 Reasons to Buy Canopy Growth Stock I'll leave that to the politicians and protesters. However, a news piece that came across my computer on Oct. 16 gave me inspiration. Brick and Mortar and Activision StockWhile Nintendo (OTCMKTS:NTDOY) has a flagship retail store in New York City, and recently opened a second in Tel Aviv, the majority of video game revenues today are generated online rather than in brick and mortar retail stores. Hence, why GameStop (NYSE:GME) is continually "rightsizing" its business right out of business. Another company bound for the retail scrapheap; the "retail apocalypse" alive and well. So, it would seem the last thing Activision Blizzard needs to do is open up its own retail stores, whether we're talking one or two flagships in the same vein as Nintendo, or an entire network of them. However, when I saw what Five Below (NASDAQ:FIVE) is planning for some of its stores, I couldn't help but think Activision's move into wouldn't be nearly as wasteful as some might think. Here's why… The Five Below Model and Activision StockRecently, Five Below, in partnership with Comcast (NASDAQ:CMCSA), SeventySix Capital, Elevate Capital and angel investor George Miller, gave Nerd Street Gamers $12 million in Series A funding. Nerd Street Gamers are all about esports events, whether hosting them at its own Localhost esports arenas in Denver, Philadelphia, and Huntington Beach, or helping others host them elsewhere. If Nerd Street Gamers isn't an indication esports are for real, I don't know what is. The really exciting part of the $12 million investment in the company, if you're a Five Below shareholder, is the fact it will be opening 3,000 square-foot Localhost locations within some of the discount retailer's stores. The pilot will start in 2020, and if successful, should see as many as 70 stores hosting live, in-person events. "The partnership with gaming expert Nerd Street Gamers is a unique opportunity to engage with an important and growing community of gamers in many of our locations across the country," CEO Joel Anderson said announcing the partnership. "Gaming is a trend our younger customers are actively enjoying."In terms of generating traffic for its retail locations (Five Below has a large contingent of younger customers) the move is brilliant in my opinion. How Does This Help Activision Blizzard Stock?It doesn't unless ATVI leverages the Five Below initiative to move further into esports events and content. One way to do this is to open retail locations that feature your esports content such as Overwatch and Call of Duty. In Philadelphia, Comcast is spending $50 million in partnership with Cordish Companies, a Baltimore-based real estate developer, to build Fusion Arena, a 3,500 seat venue with 2,000 square feet of LED screens, training facilities, and private rooms. Located adjacent to where the Eagles, 76ers, and Phillies play, it will be the place to be for Philadelphia gaming enthusiasts. Of course, Activision Blizzard doesn't want to step on the toes of its Overwatch League franchise owners. Comcast owns the Philadelphia Fusion and its Xfinity brand is a big sponsor of the league itself, but I'm sure it can figure out the best way to balance the interests of all its stakeholders including the gaming equipment manufacturers, etc. The reality, as Fusion Arena demonstrates, is that esports are here to stay. With close to $2 billion in annual free cash flow generated each year, Activision's got plenty of money to inject into the esports business including putting its name on a few flagship retail locations. Activision stock really could benefit from this kind of change.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post At This Point, Going Retail Would Be a Tailwind for Activision Stock appeared first on InvestorPlace.
Nintendo Co Ltd's hotly awaited mobile title Mario Kart Tour launched on Wednesday with many users initially complaining server overload meant they were unable to play the game - seen as a major test of the Kyoto-based company's mobile ambitions. A Nintendo spokesman said the company was aware that due to heavy traffic some users were having trouble accessing the game, but that the situation was improving. Nintendo has been slow to expand into mobile gaming, choosing to focus on its hybrid Switch console.
(Bloomberg) -- Nintendo Co. fell the most in nearly eight months after a weaker-than-expected debut of its Switch Lite in Japan, a sign of potential difficulty in broadening the customer base for its lineup of portable game consoles.The shares closed 4.3% lower, the biggest drop since Feb. 6. Bloomberg News reported Tuesday that Nintendo sold 114,192 units of the Switch Lite in the period Sept. 20-22, according to preliminary figures from Media Create. The digital entertainment researcher on Wednesday put the final sales numbers at 160,768 units. That’s just over half the 300,000 units forecast by Citigroup and JPMorgan Chase & Co.“The initial impression is negative,” Citi analysts Minami Munakata and Yui Shoji said in a research note responding to the initial sales report. “Casual gamers that could be drawn to the new console are unlikely to rush to buy the console immediately after its launch.”There’s More to Nintendo’s Game Than Gadget Sales: Tim CulpanThe Kyoto-based company, known for iconic game franchises like Mario and Zelda, has been experimenting with new hardware and software products as the rising popularity of smartphones hits the traditional market for gamers playing on consoles. A smartphone version of the popular Mario Kart series will launch later today, marking another debut that will be closely tracked by investors.Even with today’s share drop, Nintendo’s stock is up almost 40% this year on expectations that a strong game lineup will drive hardware sales. The launch slate includes a new installment in the Zelda saga along with Luigi’s Mansion and two Pokemon games. The company also released details of its new Ring Fit Adventure fitness game and its accompanying Ring-Con and Leg Strap accessories that will go on sale next month.Mario Kart Tour is scheduled to launch around 5 p.m. Tokyo time on Wednesday. The game, which can be downloaded but not yet played, has already topped the iPhone’s App Store ranking for free games in Japan. Nintendo earlier this summer conducted a closed beta for the game on Android. Mario Kart 8 Deluxe is the company’s most popular game on the Switch with almost 18 million units sold. The franchise also topped software rankings for the predecessor Wii U and handheld Nintendo 3DS.(Updates sales number in the second paragraph)To contact the reporters on this story: Pavel Alpeyev in Tokyo at firstname.lastname@example.org;Yuki Furukawa in Tokyo at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Nintendo Co Ltd is set to bring one of its most successful franchises to mobile for the first time on Wednesday with the global launch of Mario Kart Tour, in a test of the gaming firm's strategy to drive growth beyond consoles. Mario Kart Tour will feature gameplay familiar to longtime Nintendo fans but with controls optimized for mobile devices. Players steer characters such as Mario, Wario and Toad as they race karts through Tokyo and other cities while laying traps for opponents.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On this day 130 years ago, NINTENDO LTD/ADR (OTC: NTDOY ) was founded. Where The Market ...
The Nintendo Switch Lite is a smaller, lighter, more portable, and less expensive version of the best-selling Switch.
Activision Blizzard's (ATVI) upcoming Call of Duty: Mobile is expected to provide it a competitive edge in the crowded mobile games space.
The long-awaited rally in Activision Blizzard (NASDAQ:ATVI) stock finally has arrived. Activision Blizzard stock plunged in last year's fourth quarter and spent the first seven-plus months of 2019 trading sideways. Of late, however, ATVI has been on fire.Source: Piotr Swat / Shutterstock.com Indeed, as of Aug. 14, ATVI stock was down 2.8% year-to-date. Since then, its chart shows that Activision Blizzard stock is up 18% year-to-date. The launch of "World of Warcraft Classic" on Aug. 27 appears to have provided a particular boost of late.But the long-term problem for Activision Blizzard that I highlighted back in 2017 still holds. This is not a company that has posted significant earnings growth this decade.InvestorPlace - Stock Market News, Stock Advice & Trading TipsATVI stock has gained nicely, to be sure -- and its earnings per share have risen nicely. But that EPS growth has come from three catalysts. First, Activision Blizzard made a huge share repurchase from stakeholder Vivendi (OTCMKTS:VIVHY) at less than $14 per share, a quarter its current price. Second, tax reform increased after-tax income. And, third, the acquisition of King Digital appears to have been a smashing success.The core product portfolio, however, has driven minimal earnings growth for years now. Until and unless that changes, the rally in ATVI stock is going to come to an end. ATVI's Growth Problem ContinuesBack in 2010, Activision Blizzard posted non-GAAP net income of $991 million. 2019 guidance suggests a much higher figure: $1.4 billion.On its own, that number isn't all that impressive. It's a 58% increase total -- or about 5.1% annual growth. But consider two other factors. * 7 Momentum Stocks to Buy On the Dip First, Activision Blizzard's tax rate has come down. The non-GAAP figure was 29% in 2010 and was guided to 20% this year on the second-quarter conference call. That alone created over 12 percentage points of growth. Second, Activision acquired King, whose 2015 net profit was over $600 million. Activision Blizzard's total growth in nine years is less than that.The two biggest hits in the Activision Blizzard portfolio -- "World of Warcraft" and "Call of Duty" -- seem to have been relatively stagnant. Elsewhere, performance has been mixed. "Candy Crush" continues to grow, as it and Zynga (NASDAQ:ZNGA) prove there's more life in social gaming than skeptics believed.But "Overwatch" revenues, according to ATVI's U.S. Securities and Exchange Commission Form 10-K, declined in both 2017 and 2018. "Diablo" has been solid, but not quite a hit. The same likely is true for "Hearthstone." "Skylanders" went on hiatus in 2017, despite the fact that Disney (NYSE:DIS) discontinued "Infinity" the year before.Qualitatively, the portfolio seems to have some holes. Even with the launch of Classic, "World of Warcraft" seems long in the tooth. The same is true for "Call of Duty." Elsewhere, there isn't anything that really qualifies as a hit. And that seems like a problem given that Activision Blizzard stock now is trading at over 27 times its 2019 EPS guidance. Where's the Catalyst for Activision Blizzard Stock?If that's the case, why has ATVI stock rallied? As noted, "World of Warcraft Classic" has posted big numbers, and that appears to have helped lately.But Wall Street also has turned bullish in recent weeks. Activision Blizzard stock has received multiple upgrades this month alone. The "World of Warcraft" re-launch and the new "Overwatch" game for the Nintendo (OTCMKTS:NTDOY) Switch both seem to be helping.The Street sees 2019 adjusted EPS of $2.19 against $2.02 guidance, given Activision Blizzard's long-running penchant for sandbagging its guidance. 2020 consensus implies 15% growth next year.That said, the rally of late seems to have incorporated that good news. Even backing out net cash, ATVI stock trades at over 21 times forward earnings. The average Street target price is $56.21, less than 1% above Monday's close of $55.78.And the re-launch of old products might help 2019 and 2020 numbers -- but they don't do much for 2021 and beyond. This still is a company that needs a hit. It hasn't really had one this entire decade (depending on how an investor feels about "Overwatch"). The company can only go for so long milking existing franchises and cutting costs, as it did with layoffs earlier this year.Esports often is cited as a catalyst, but this is a company with a $42 billion market cap. "Overwatch" franchise fee costs of $50 million don't necessarily move the needle all that much. Activision Blizzard, and Activision Blizzard stock, need another big-time game. At least at the moment, there doesn't appear to be one on the horizon. The Case for ATVI StockTo be sure, it's possible that the existing base is enough, or close. Activision Blizzard can keep repurchasing shares. Esports will help. The re-launches should as well. Investors still look reasonably bullish on video games.But investors at the moment should also heed the lesson of rival Electronic Arts (NASDAQ:EA). EA stock saw a big rally earlier this year when "Apex Legends" opened big. But the initial buzz faded, and so did Electronic Arts stock. It's down about 7% from those levels in roughly seven months, during which time the broad market has gained and Take-Two Interactive (NASDAQ:TTWO) has bounced some 40%.And it's worth noting that, backing out its cash, EA stock trades at less than 17 times 2020 consensus EPS, a large discount to ATVI stock. It wouldn't be stunning to see a similar story play out with Activision Blizzard stock. Fading "World of Warcraft Classic" numbers remove the catalyst from the stock. Forward multiples compress below 20 times. And ATVI heads back below $50. That's probably not enough for a short case -- but it's certainly enough to be careful after the rally of the past few weeks.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Beware the Rally in Activision Blizzard Stock appeared first on InvestorPlace.
Nintendo Switch Online, the subscription-based online services component of Nintendo's Switch console, will get SNES games starting on September 5 -- yes, that's right, the first games are available to play tomorrow. Alongside the new software, there's also the new SNES system wireless controller for Switch, which charges via USB-C and retails for $29.99 directly from Nintendo. The launch lineup for the SNES portion of Nintendo Switch Online looks pretty promising, and includes highlight favorites like Star Fox, Breath of Fire, F-ZERO, Super Mario World and Super Metroid (you can see the full list below).
Japan's Nikkei share average struggled for traction on Wednesday and the broader Topix dipped after weak U.S. economic data stoked fears of a global recession and soured investor sentiment. The benchmark Nikkei average ended up 0.12% at 20,649.14 points, while the broader Topix dropped 0.26% to 1,506.81. Cyclical sectors came under pressure, with metal products , iron and steel among worst performing sectors on the Topix.
Video game retailer GameStop (NYSE:GME) closed at $3.70 on Tuesday. That was a 3.14% loss, after a modest streak that saw GME stock climb from $3.21 on Aug. 15 to $3.82 at close on Monday.Source: Northfoto / Shutterstock.com The retailer is having a rough go of it, despite big moves this year that include hiring a new CEO, shuttering its ThinkGeek site and moving all those pop culture collectibles into GameStop stores to bolster sagging video game sales. GameStop is struggling to adapt to a world that is increasingly digital and trying to cut out the middle man.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GameStop Is Struggling in a Digital WorldSales of physical copies of games are falling precipitously. In 2009, 80% of games sold were physical copies, but by 2018 that had dropped to just 17%. Adding to GME's misery, manufacturers and game publishers have been making moves to cut GameStop out of that digital business. Subscription services like Microsoft's (NASDAQ:MSFT) Xbox Game Pass that give subscribers unlimited digital access to a library of popular games are increasingly popular. No sales there. Sony (NYSE:SNE) announced earlier this year that it would no longer allow retailers including GameStop to sell digital versions of PlayStation 4 games. That means selling Sony PSN gift cards is the only remaining way for GME to capture any of those sales. And nothing is stopping Microsoft from following suit. * 7 Tech Industry Dividend Stocks for Growth and Income The increasing shift to digital delivery of games doesn't just hurt GameStop in the loss of the initial sale. Without a physical copy of the game, the company also loses out on the opportunity to have a player trade it in for reselling. Selling used video games has been a very lucrative line of business for GME.For example, this post from Polygon notes that in one quarter in 2016, pre-owned and value video games outsold both new video games and console hardware combined, and had a gross profit margin of 46.4% compared to 13.1% for game consoles and 24.3% for new video games. Console Sales Won't Save GME StockUnder normal circumstances, GameStop would be able to look to the holidays for a boost in sales and revenue. However, nothing about the past few years has been "normal" for GME. In 2007, the company reported record-setting results over the holidays, notching up $2.33 billion in sales -- a 34.7% increase over the year before. Video games were flying off the shelves (up 45% on the year) and the company reported seasonal shortages of popular game consoles. In December 2007, GameStop stock hit all-time record highs, breaking $62.In stark contrast, the new reality was showcased in the company's 2018 holiday sales report. The company sold $2.63 billion worth of merchandise, a 5% decrease from the previous year. While sales of new physical games copies were up 8.3%, sales of pre-owned hardware and games dropped 16.4% and console sales were down 6.1% compared to 2017.This year could be even worse. There are some big video game releases for the holiday season including a new Pokemon title and "Luigi's Mansion" for Nintendo's (OTCMKTS:NTDOY) Switch -- but with digital sales dominating, the benefit to GameStop could be limited. Speaking of Nintendo, the company will release a new Switch Lite console in September, but this less expensive version of the original isn't expected to cause a stampede. In fact console sales in general are shaping up to be a sore spot in GME's holiday sales. With Microsoft and Sony both releasing new consoles in 2020, sales of the current generation Xbox One and PlayStation 4 are taking a hit. Foreshadowing what's in store for GME, Advanced Micro Devices (NASDAQ:AMD) has already warned that sales of its semi-custom chips (primarily found in the Xbox One and PS4) will generate lower than expected revenue for the rest of the year. In other words, don't look to blockbuster console sales over the holidays to boost GameStop stock. The Bottom Line on GameStop StockGameStop stock has been a losing bet for years. Near $3.70, it's down 94% from the glory days of 2007, and 2019 hasn't seen much good news. GME is off nearly 77% since flirting with the $16 level in January.A new CEO and a focus on collectibles is helping a bit, but the biggest foreseeable boost to GME stock is likely to come in fall 2020 when next generation video game consoles are released. That should make for a solid holiday quarter that year, but then it's back to the usual for GameStop. And unfortunately for GME investors, the usual has been pretty dismal. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post GameStop Stock Is Down Once Again appeared first on InvestorPlace.
Nintendo's long-awaited Mario Kart Tour is finally releasing on September 25. The company tweeted the official release date on August 26.
Yahoo Finance's Dan Howley joins The Final Round with Jen Rogers and Myles Udland to give his review on the new Nintendo Switch Lite ahead of it hitting stores.
Slated to be released September 20th, the new handheld device is different in numerous ways from its predecessor, the Nintendo Switch. Yahoo Finance’s Tech Editor, Dan Howley, gives his review on The Final Round.