|Bid||50.50 x 1300|
|Ask||54.50 x 1000|
|Day's Range||53.66 - 55.06|
|52 Week Range||41.91 - 61.02|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||11.32|
|Forward Dividend & Yield||0.37 (0.67%)|
|1y Target Est||67.13|
Investing.com - Shares of GameStop (NYSE:GME) surged in midday trade on Thursday after Barron’s reported that investor Michael Burry is long on the stock.
While Netflix remains the most popular subscription service, rivals like Hulu and Amazon Prime Video are stealing share, according to eMarketer's latest OTT forecast.
A little less than a year ago, yours truly underscored the idea that Microsoft (NASDAQ:MSFT) was getting very serious about video games. Though it had been in the business for decades to various degrees, it had never been a priority that made a meaningful impact on MSFT stock. Not even the launch of the first Xbox in late-2001 proved to be major piece of its revenue puzzle.Source: Shutterstock Every few months though, the company takes a solid leap forward down the gaming path. The latest leap? Microsoft says it's no longer going to release any "Xbox exclusive" games for rival consoles like the Switch, from Nintendo (OTCMKTS:NTDOY), and the Sony (NYSE:SNE) PlayStation.Tuesday's announcement superficially answered a lingering question about Microsoft's recent acquisition of game publishers like Double Fine and Obsidian. Both had been platform-agnostic, developing titles for any platform of their choice. From now on, they'll only be making video games for the Xbox.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exclusive PlansThe announcement admittedly calls into question Microsoft's understanding of the word "exclusive." The message delivered goes beyond the words, though. The fact that the company made a point of saying anything at all on the matter makes it clear the software giant has a very specific plan for its video game business. It wants to cultivate its own gaming ecosystem, so to speak.That's part of a significant evolution, too, namely Microsoft's relatively nascent willingness to bring in outside coders, publishers, and ideas into their inner circle and then close the gate. It's not only a financial risk, but a reputational one as well.It's the shape of things to come for the video gaming industry though, now that websites like Steam have democratized the business, and now that sites like GOG.com (Good Old Games) have made a universe of older but still play-worthy titles available at a fraction the original game prices. Protectionism is the new norm because it has to be.Just ask game publishers like Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA), both of which have rethought their business models from the ground up. * 10 Stocks Under $5 to Buy for Fall EA is wading deeper into subscriptions and streaming, while snagging outfits like Industrial Toys, GameFly and Respawn Entertainment. Activision Blizzard has seemingly figured out where it went wrong with gamers last year as well. Even Nintendo, which is generally considered a console maker but also develops many of the games played on its console, has rolled out the red carpet for indie game developers, and has introduced subscription-based productsIn all cases, video game companies are slowly moving towards a model that excludes other hardware and software providers, and cultivates self-serving, one-stop shops. Potential Impact on Microsoft StockRefusing to offer its home-grown games on other platforms isn't an earth-shattering development. There were only a couple of games from Microsoft that crossed that line -- Ori and the Blind Forest, along with Cuphead, for example -- and Microsoft never suggested it would be otherwise.Still, the company has proverbially burned the boat. It won't be readily facilitating any sort of revenue growth for any sort of rival.It's not the first step the Redmond-based outfit has taken in this direction. Less than a year ago, it launched a subscription-based service called Xbox All Access, which included a lease-to-own Xbox console. By that time it was already offering Game Pass and Live Gold, both of which also made gaming affordable on a relatively expensive Xbox console.Then in June of this year, the company revealed that its next Xbox would be able to play games that were playable four versions of the Xbox ago. The generous retro-playable option makes a huge vault of older and largely inaccessible titles suddenly playable again, further drawing gamers back into the ecosystem where they can be monetized in multiple ways.It still won't make a meaningful dent, for better or worse, in the value of MSFT stock. The company is still mostly about cloud-based productivity software and Azure. Though the company doesn't disclose much in the way of details, it was willing to divulge $10 billion worth of annual gaming revenue had been generated as of the middle of last year. That's roughly one-tenth of its total business. * 10 Undervalued Stocks With Breakout Potential By doubling down again on becoming a self-contained soup-to-nuts gaming name, though, this piece of Microsoft's total revenue could readily ramp up to a fifth of its top line in the foreseeable future. Looking Ahead for MSFTGaming is not a reason to buy Microsoft stock … at least not yet. And, it's certainly not a reason to hold your breath waiting for the day video games become the breadwinner for the company.The clear decision to leverage the addition of indie developers Double Fine and Obsidian for its own (and only for its own) purposes, though, is another piece of evidence of Microsoft's gaming ambitions. If this works out as well as other efforts made by the company, like the penetration of the cloud computing arena on the back of Azure, there's much for current and would-be owners of MSFT stock to be excited about. At stake is a bigger piece of a video gaming market that's expected to be worthShareholders just need to be patient.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Microsoft Scores Points as it Solidifies its Video Gaming Ecosystem appeared first on InvestorPlace.
Fonda, who died Aug. 16, was a lot more complicated than his over-praised biker odyssey about hippie drug dealers, writes film critic Eleanor Ringel-Cater.
Toll Brothers, Cree, Alibaba, Disney, Sony and Helios and Matheson Analytics are the companies to watch.
Sony has announced it is acquiring its game development partner, Insomniac Games. Meanwhile, its Spider-Man deal with Disney's Marvel Studios has ended.
The future of Spider-Man on the big screen is in doubt after Disney and Sony failed to come to a new agreement. But this could be a good thing.
Although discount airliner Southwest Airlines (NYSE:LUV) is up nearly 11% year-to-date, this is a name that peaked too soon. At the beginning of February, the LUV stock price had gained 24% from January's opening volley. However, shares spent much of the year mired in a bearish trend channel since then.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf course, investors aren't terribly surprised at the underperformance of Southwest Airlines stock. For starters, the U.S.-China trade war has weighed heavily on the markets. And though the ratcheting up of trade tensions don't directly affect the airline, they do cloud consumer sentiment. Unfortunately, that does take a bite out of the broader transportation industry.Secondly, Southwest Airlines delivered a mixed earnings report for the second quarter of 2019. While the company delivered a beat on per-share profitability, it came up short on revenue. Against a consensus estimate of $5.93 billion, the airline rang up just under $5.91 billion. Wall Street didn't care for the sales miss and the LUV stock price fell sharply after the disclosure.Adding to the woes was the grounding of the Boeing (NYSE:BA) 737 Max 8 jetliner. After two fatal accidents involving the popular plane, a harsh spotlight glared on the once-respected company. At fault was a stabilization system that required grounding all Max 8 jets for inspection and repair.Boeing's woes are particularly troublesome for Southwest Airlines stock because the underlying company is the world's biggest operator of the Max 8, with 34 in its fleet of about 750 planes. American Airlines Group (NASDAQ:AAL) and Air Canada (OTCMKTS:ACDVF) are tied for second place at 24 planes. * 10 Stocks Under $5 to Buy for Fall With such dependency on a disgraced jetliner, does LUV stock offer a realistic chance to break out of its rut? LUV Stock is a Diamond in the RoughI understand investors' hesitation with Southwest Airlines stock. Not only is it heavily levered to the 737 Max 8, other airliners have outpaced it. For example, Delta Air Lines (NYSE:DAL) dealt with the same economic and geopolitical headwinds, yet its shares are up 20% YTD.In addition, trade tensions and other macro-headwinds have brought about fears of a wider correction or even a major tumble. Certainly, the present environment doesn't inspire a risk on attitude.That said, I believe LUV stock offers a rational bull argument for the risk-tolerant speculator. Amid the mixed Q2 earnings report, management delivered a less ambiguous piece of good news: a resumption of their Hawaiian route expansion strategy.In March, the company debuted a flight from the continental U.S. to Hawaii. A little more than two months later, LUV was flying six round trips between the two regions daily. It also featured 16 daily flights within Hawaii.However, the 737 Max 8 grounding hit Southwest Airlines stock just as the underlying company was gaining serious traction. To counter this unforeseen turbulence, management made the decision to cancel all flights to Newark Airport, freeing up equipment to accommodate the Hawaii routes.It stinks to say this but it's the right decision for the company, the consumers, and LUV stock. After all, who in their right mind would go to Newark over anywhere in Hawaii?Secondly, it's not just domestic demand that will benefit the LUV stock price. It may have become an almost farcical stereotype, but Japanese tourists really love Hawaii. Not only that, many of these tourists are paying ridiculous premiums to travel there.With LUV offering cheap routes to the mainland U.S., I see synergies that can eventually lift Southwest Airlines stock. Another Big Route in the WorksWhile Q2 may have been a disappointment for some observers, LUV stock may benefit from a recoil effect. That is, investors were initially taken aback by the Max 8 grounding. However, when the Max eventually resumes normal operations, its associated revenue channels will also come back online. * 10 Undervalued Stocks With Breakout Potential When it does, this may have a disproportionately positive impact on Southwest Airlines stock. Remember, this is the company that has the most of the currently embattled jetliner.And the route that I'm especially paying attention to is the San Diego-Hawaii route. Why San Diego? Aside from it being the best city in the known universe, it hosts the U.S. offices of several major multinational companies, including Japanese firms, such as Sony (NYSE:SNE).What you have in Southwest Airlines stock is a possible goldmine. Southern California is already a gateway for Japanese tourists, and many of them will undoubtedly make the trip south down the coast. Moreover, you have thousands of constantly rotating Japanese professionals on work visas living in San Diego.Southwest can easily convert this consumer base to full flights to Hawaii. Because let's face it: this is a route that sells itself, which is why buying LUV stock isn't as crazy as it first sounds.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Southwest Airlines Stock May Soon Chart a Golden Route appeared first on InvestorPlace.
(Bloomberg) -- A dispute between Walt Disney Co. and Sony Corp. threatens to end their co-production of “Spider-Man” films, according to people familiar with the situation, putting the future of one of Marvel’s most beloved characters up in the air.The two sides haven’t been able to agree on new terms for their partnership, said the people, who asked not to be identified because the discussions are private. Sony holds the film rights to the popular Marvel character, even though Disney acquired Marvel Studios for $4 billion in 2009.A falling-out between two of Hollywood’s biggest studios would mean Marvel President Kevin Feige won’t be lending his touch to future Spider-Man films, and the character won’t appear in Disney’s Marvel films -- a series dubbed the Marvel Cinematic Universe, or MCU, that’s generated more than $22.5 billion globally.In a statement, Sony said media reports about the dispute “mischaracterized” the discussions, but it acknowledged that Feige wouldn’t be lead producer on its next live-action Spider-Man film.“We are disappointed, but respect Disney’s decision,” Sony said in an emailed statement. “Kevin is terrific and we are grateful for his help and guidance and appreciate the path he has helped put us on, which we will continue.”Fans had speculated that Sony might have to reboot its Spider-Man saga now that it’s parting ways with Disney. But Sony is expected to continue with the series, which has starred Tom Holland as Spider-Man.Too Busy?Sony cast the decision as a matter of Feige being busy with Disney’s now-enlarged Marvel empire. With the acquisition of Fox intellectual property earlier this year, the entertainment giant gained a trove of new comic-book characters, including the X-Men, that Feige may eventually weave into the MCU.“We hope this might change in the future, but understand that the many new responsibilities that Disney has given him -- including all their newly added Marvel properties -- do not allow time for him to work on IP they do not own,” Sony said.Some people familiar with the situation had described the clash as more of a financial issue. Disney has been requesting a 50% share of profits in the films going forward. Sony wanted to keep the current arrangement, in which Disney gets a 5% share of box-office revenue, according to the Deadline website, which reported earlier on the dispute.The two Hollywood giants agreed in 2015 to work together on films featuring the web-slinging superhero after several of Sony’s Spider-Man films underperformed. The first feature in their collaboration, 2017’s “Spider-Man: Homecoming,” captured $880 million in ticket sales worldwide, the best performance of the franchise up until then. A follow-up, this year’s “Spider-Man: Far From Home,” grossed $1.1 billion, a record for the series and for Sony.Spider-Man, played by Holland, also was featured in MCU films such as this year’s “Avengers: Endgame,” the highest-grossing film of all time.(Updates with Sony statement in fourth paragraph.)To contact the reporters on this story: Christopher Palmeri in Los Angeles at firstname.lastname@example.org;Anousha Sakoui in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Fortnite is the most popular battle royale game worldwide, and generates huge revenues even though it is offered for free by developer, Epic Games.
Sony's (SNE) integration of Insomniac Games to Sony Interactive Entertainment Worldwide Studios reiterates its commitment to develop world-class gaming experiences on the PlayStation platform.
Playstation parent Sony Interactive Entertainment is buying a video game giant – one with a continued presence in Durham.
The deal will help the console maker, a unit of Japan's Sony Corp, boost its game offerings ahead of the launch of rival game streaming services from companies, including Alphabet Inc's Google, and as it prepares to unveil PlayStation 5 next year. In its bid to maintain market share in the $150 billion https://newzoo.com/insights/articles/the-global-games-market-will-generate-152-1-billion-in-2019-as-the-u-s-overtakes-china-as-the-biggest-market global video gaming market, Sony in March partnered with main rival Microsoft Corp, the maker of Xbox game console, to stream games and content to consumers as well as offer game makers new development tools. Founded in 1994, Insomniac Games has worked with Sony for more than 20 years, starting with the first PlayStation.
Despite an initially negative response after earnings, investors holding Advanced Micro Devices (NASDAQ:AMD) are growing confident in its prospects. For the rest of 2019, AMD expects growth accelerating in the desktop, notebook, server, and semi-custom space.Source: Shutterstock For the second quarter, AMD reported EPS of $0.08, despite revenue falling 12.81% year-over-year to $1.53 billion. Strong CPU revenue was offset by a drop in semi-custom and GPU sales. Weaker chip sales for consoles made by Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT) weighed on overall results. Looking ahead in this space, both Sony and Microsoft will source SoCs from AMD for their next-generation consoles. And even though revenue will probably remain weak from semi-custom, AMD's profit margins will remain at healthy levels.AMD's next-generation Rome server is on time and is exceeding expectations. The chip is delivering on industry-leading performance and TCO (total cost of ownership) for an expanded number of cloud and enterprise workloads. Rome has more traction than the first-generation EPYC processors. Twice the number of platforms are developing for this architecture. And AMD has a larger set of partners this time around. Add four times more enterprise and cloud customers involved before its launch and it is clear that sales will grow at a better pace. This will give profit margins a healthy lift.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Rebound from Weak GPU SalesDuring the quarter, AMD ramped up production of Radeon 5700 GPUs. The release introduces the new RDNA architecture that delivers up to 1.5 times more performance per watt compared to previous generations. AMD noted strong initial demand, with third-party reviewers complimenting the GPU's favorable game performance relative to its pricing.Although revenue declined in the Graphics segment due largely to lower channel sales, data center GPU sales rose significantly. Blockchain-related revenue was negligible in the quarter, as expected. But with bitcoin prices rebounded since May, investors might expect sales from the cryptocurrency resurgence potentially recovering. Growth OpportunityAMD's 7-nanometer product line will eventually offer margins greater than 50%. For the third quarter though, the company guided gross margin of 43%. But by Q4, this should increase. TSMC (NYSE:TSM) is more than supportive operationally in meeting the ramp-up of these chips. Barely a month on the market, Ryzen's third-generation CPU promises to add to AMD's revenue. Launched globally, the Ryzen refresh will accelerate AMD's market share gains in the PC market. Additional product releases that add to a better product mix suggests profits will grow at improving rates. * 7 Great Small-Cap Stocks to Buy Sales of the fifth-generation chip production for Microsoft and Sony consoles will start adding to AMD's revenue in the second half of the year. Ahead of the holiday season of 2020, investors should expect the company to book significant revenue growth in the semi-custom space.AMD's multi-year deal to supply GPU licenses for Samsung ushers in a new era for GPUs in the smartphone space. AMD will earn $100 million from the deal, offset by some specific development costs and COGS (cost of goods sold). But most importantly, it broadens the chip maker's revenue line in the Asian-Pacific region. So even though weak performance in China had a minimal impact on its revenue, AMD may now develop a market in the smartphone space. Valuation and Your Takeaway on AMDBased on 22 analysts offering a one-year price target on AMD, the average target is $34.10, not far from the $31.18 recent closing price. Similarly, investors forecasting revenue growth of at least 15% in a 5-year DCF Revenue Exit model will arrive at a similar price target. With AMD's rich product launch schedule ahead and its 7-nanometer road map, AMD stock will continue rewarding investors over the next few years.Disclosure: 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 * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post AMD Stock's Post-Earnings Recovering Shows Investor Optimism appeared first on InvestorPlace.
If an “adult” movie — not “Adult” as in X-rated, but “adult” as in, not a superhero movie or a teen horror flick or a teen sex comedy — opens during the summer, does it make a sound?
More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. "We would want to look at something after that to ... develop more scale as we move forward,” Redstone said at The Information's Women in Tech, Media and Finance conference in June. To the audience of executives in the Times Square high rise overlooking the storied Paramount building, it was clear that her ambitions went well beyond the hard-won reunion of the two companies her father, Sumner Redstone, put together and then pulled apart 13 years ago during a very different era in media.
Marvel fans were roiled by news that fan-favorite superhero, Spider-Man, may no longer have a home in the Marvel Cinematic Universe, after studio co-financing negotiations between Disney and Sony collapsed. Yahoo Finance's Dan Roberts joins The Final Round to explain the complicated agreement between these entertainment behemoths, and what's next for the franchise.
Sony and Marvel have been unable to come to a new deal to keep Spider-Man on the big screen. Sony says it will not co-produce any more films with Marvel Studios, which also means Disney, and Marvel's President Kevin Feige. Sony has owned the rights to the Spider-Man character since 1999, and Disney was seeking a 50-50 split co-financing stake in any future films with the character.