|Bid||265.01 x 800|
|Ask||266.98 x 800|
|Day's Range||263.37 - 269.00|
|52 Week Range||184.60 - 282.74|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||39.89|
|Forward Dividend & Yield||1.92 (0.80%)|
|1y Target Est||N/A|
China's press and publication regulator has issued new rules on applications for publishing online games in China, signalling a possible acceleration in the handing out of formal approvals. China stopped granting licences to monetize online games in March 2018, hurting the industry and developers such as Tencent Holdings Ltd and NetEase Inc. It started up approvals again in December, only to ask local governments to pause on submitting applications in February.
A base is an important concept in chart reading for growth investors. NetEase formed a pair of good ones in both 2015 and 2016
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
Alibaba cleared a buy point Friday, looking a lot like the Apple stock chart. NetEase, Autohome, Tencent Music and UP Fintech also have compelling chart action.
The stock market on Friday liked the look of a better-than-expected jobs report, although gains in the Dow Jones were muted in afternoon trading.
It is adding on average about 2 millionusers each month, a mix of paid and free subscribers, the latter seeing adswhen they use the service
China's regulators approved 30 imported online video games Tuesday, including Tencent's "Game of Thrones: Winter is Coming", according to a notice on the regulator's website. It marked the first batch of imported online games approved since February 2018. China stopped granting licenses to monetize online games in March 2018, hurting the industry and developers such as Tencent and NetEase.
Is NetEase, Inc (NASDAQ:NTES) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have […]
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Alibaba (BABA) strengthens import plans with the aid of new import initiatives on its cross-border online platform, Tmall Global.
Is there a way to know when to sell stocks and take profits before they trigger multiple sell signals? Yes. Use the 10-day moving average.
Tencent's (TCEHY) fourth-quarter results are likely to be hurt by the stalled video game approval process in China that was in place for the majority of 2018.
Despite momentum for tech stocks and an earnings beat, uncertainty in China's video game market helped make February a rocky month for the online media company.
The regulatory body instituted a moratorium early last year on game approvals based on concerns about the social impact of games on the Chinese population, especially children. Shares of Tencent, China's largest maker of online games, fell sharply last year when the regulatory body first suspended its approvals of new games. On Friday morning, shares of Tencent were down 2.4% to $43.40 while those of NetEase were rising 0.7% to $225.99.
China's content regulator on Friday said it has approved the monetization of 95 new video games, including titles from Tencent Holdings Ltd and NetEase Inc. The games include Tencent's Journey to Fairyland 2, a 3D online game, and two others from NetEase. China has approved 726 video games since December.
For U.S. gaming companies, China is a tantalizing opportunity that comes at a very high cost. As trade talks plod along, some game publishers have been opening up on how they're approaching the valuable market. "China, I think, as everyone would acknowledge, China is a very particular marketplace," EA CEO Andrew Wilson told investors on a Feb. 5 earnings call.
Diablo is one of a growing number of artists striking direct deals with Chinese streaming services, upending decades of record-industry orthodoxy. Musicians are supposed to sign with a record label because the company has offices and connections all over the world.
NetEase, China's second-biggest online games publisher with a growing ecommerce segment, is laying off a significant number of its employees, adding to a list of Chinese tech giants that have shed staff following the Lunar New Year. A NetEase employee who was recently let go confirmed with TechCrunch that the company had fired a large number of people spanning multiple departments, including ecommerce, education, agriculture (yes, founder and executive officer Ding Lei has a thing for organic farming) and public relations, although downsizing at Yanxuan, its ecommerce brand that sells private-label goods online and offline, had started before the Lunar New Year holiday.
Before Activision (NASDAQ:ATVI) reported its fourth-quarter earnings, Activision stock fell from about $85 in Oct. 2018 to as low as $40.Source: Shutterstock Electronic Arts Inc. (NASDAQ:EA) and Take-Two Interactive Software, Inc. (NASDAQ:TTWO) are not faring that much better, either, losing around one-third of their value from their 52-week highs. Why are gaming stocks out of favor and should value investors even consider Activision, especially when the company is forecasting weaker results going forward? * 9 High-Growth Stocks to Buy Now for Monster Returns Fourth-Quarter ResultsActivision generated record net revenue of $7.5 billion for the year. In Q4, the company's revenue was $2.38 billion, also setting a record.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEA's 2018 EPS of $2.72 was also the highest ever and came in well above its 2017 EPS of $2.21 levels. But EA's 2018 operating cash flow was $1.79 billion, below last year's $2.21 billion.Markets glossed over the strong figures and focused instead on its weak booking numbers. Even though its bookings of $7.26 billion reached records levels, they were only slightly ahead of last year's $7.16 billion. With bookings growth clearly slowing, investors are unwilling to pay a premium for Activision stock.After Activision stock dropped 48% from its yearly highs, the shares trade at a more reasonable price-earnings ratio of 19. The Risk to Activision Stock Posed by Freemium Games Is OverstatedFortnite, which Epic Games published, is the hottest cross-platform game on the market. It is popular not only on mobile devices but on consoles and PCs, too. That has worried the owners of Activision stock and ATVI itself. If consumers can install and play Fortnite and similar games for free, how will Activision justify charging high prices for its blockbuster franchise, Call of Duty?ATVI is well-positioned in mobile devices through its ownership of King Digital, the maker of the popular, free mobile game, Candy Crush. In Q4, King's revenue grew 5% YoY to $543 million, and its operating income jumped 28% to $207 million. And for the first time since ATVI acquired King, its monthly active users reached 268 million, thanks to the launch of Candy Crush Friends in October 2018.For now, Activision is strategically well-positioned to grow its market share in the free-to-play games market. Using effective marketing techniques, ATVI could increase its MAU and revenue in this space. Exploiting Its Core StrengthsActivision may double down on its efforts in esports and Call of Duty, and invest more in its Battle.net in 2019. It has to. It cannot afford to think only of the revenue and profits from its core titles. Instead, it needs to add tools that gamers will use and appreciate, thereby improving its monthly user metrics.Management did not go into much detail on how it would reinvigorate demand for its Call of Duty franchise. In the second half of last year, demand for the latest game in the series slowed even though ATVI lowered the prices it charged for the game. ATVI's World of Warcraft game did not perform any better even after new features were added to it.As expected, Activision said on its Q4 conference call that it would cut its operating costs and lay off some of its employees, while putting more resources into its digital network. Potential Catalysts for Activision StockBlizzard's strong Q4 results may continue in 2019. Its success in China will continue thanks to the benefit of its extended deal with NetEase (NASDAQ:NTES). The two firms began their collaboration in 2008, a move that brought Starcraft II and the Battle.net platform to China. The extension will bring Diablo, World of Warcraft, Hearthstone, Heroes of the Storm and Overwatch to the region.Despite laying off 1,500 of its employees, Activision is hiring talented game developers to bolster Overwatch, the Call of Duty franchise, and the Candy Crush games. If these developers improve the games on which they're working, gamers will come back and maybe open their wallets to buy in-game products and additional console games in 2019. The Bottom Line on Activision Stock2019 is a transition year for Activision, so expect ATVI stock to trade in a range instead of bouncing higher. 26 analysts cover Activision stock, and 17 of them rate the stock a 'buy.' Per Tipranks, analysts' average price target on Activision stock is $55 per share. If investors use a five-year DCF Revenue Exit model that assumes just 5% revenue growth over the next year, Activision stock may still drop another 10%.But Activision stock is close to becoming a value name. Assuming customers return in 2020 after the company boosts its spending this year, ATVI stock could be a good investment for those who like to buy and hold stocks.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post Why Activision Stock May Rally in 2020 appeared first on InvestorPlace.
Brian Shannon, CMT and founder of www.alphatrends.net @AlphaTrends joins Yahoo Finance's Myles Udland and Jen Rogers to break down the technicals in the Invesco Nasdaq 100 QQQ ETF (QQQ) and NetEase.