|Bid||116.12 x 800|
|Ask||116.21 x 900|
|Day's Range||116.02 - 117.45|
|52 Week Range||84.41 - 139.91|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||40.13|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Which emerging industries should you be invested in? Raj Lala, President and CEO of Canadian ETF issuer Evolve ETFs, appeared on Benzinga’s PreMarket Prep Thursday morning. Among the several emerging industries the firm has funds for, Lala said he is most bullish on two: esports and cybersecurity.
Take-Two Interactive Software Inc NASDAQ/NGS:TTWOView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for TTWO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold TTWO had net inflows of $11.19 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Electronic Arts (NASDAQ:EA) has yet to make it convincingly clear it can cultivate the opportunity to its fullest. But if EA stock is to move higher again, the company requires subscriptions and streaming to jumpstart this recovery.Source: Shutterstock The game publisher already has a presence on both (and sometimes overlapping) arenas, to be fair. It has been a modest, seemingly experimental effort to date though. However, EA experienced a wake-up call last year. That was when a horrendous selloff cut the EA stock price in half. With this painful lesson still fresh, the company finally appears motivated to embrace all the new norms in video gaming. Electronic Arts Stock Pays for Missing the First BoatLong-term investors of Electronic Arts stock know the story all too well. Once a powerhouse within the gaming industry, EA lost its shine. Last year's delays in releasing its most recent Battlefield title angered gamers. Plus, the company imposed multiple micro transactions for consumers to enjoy 2017's Star Wars entry created a revolt.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Finally, the unexpected, disruptive success of rival game Fortnite contributed to heaping pain on top of Electronic Arts stock.A fatal shooting at a competition last year involving one of its Madden NFL games only exacerbated the doubt that suddenly surrounded the company. This tragedy contributed to driving the EA stock price from July's high near $150 to December's low of around $75.However, the game-related stumbling blocks were microcosms of bigger, more philosophical problems. The industry -- and how people consume games in particular -- has been changing. But EA hadn't fully changed with it.One of those shifts has been the democratization of game distribution. The advent of downloaded games has proven to be a mixed blessing for EA stock as well as rivals like Activision Blizzard (NASDAQ:ATVI) and Take-Two (NASDAQ:TTWO). By selling directly to consumers, publishers can bypass middlemen like GameStop (NYSE:GME) and Walmart (NYSE:WMT), retaining more profits for themselves.The very same high-speed internet connections and consoles with hard drives, though, facilitated the creation of game repositories like Steam. These technologies also sparked the rise of a countless number of indie game developers.And as it turns out, some of those independently developed games - including Fortnite -- are pretty good.Electronic Arts answered, launching EA Access in 2014, followed by a more robust subscription service called Origin Access.And with last year's release of "Project Atlas," EA hopes to set a framework for future relevancy in the gaming business. Uncanny InsightThe game-streaming and subscription business is far from fully gelled. Electronic Arts stock may have potential competition from Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) entering the fray. Microsoft (NASDAQ:MSFT) is already there.However, EA is in a unique position, having learned from past failures (and successes) within the subscription business. Keep in mind they don't have a console system to lean on.EA's subscription chief, Senior Vice President Mike Blank, has demonstrated some important even if subtle savvy on this front. Last month, Blanked stated, "We need to be where the players are and not every player is going to be on every service or device, just like not every viewer is on Netflix."It's a seemingly obvious statement, but it's a realization rivals don't seem to have fully embraced.Blank further recognized that "We're evolving from a publisher of games to a connector."In other words, just because they build it doesn't mean players will come.EA has yet to fully decide if it will cultivate its own streaming/subscription service (more than it already has). A meaningless "maybe" is all Blank is willing to offer at this point. That leaves investors and gamers alike wondering exactly how monetization will occur with Project Atlas going forward.Electronic Arts knows, however, that it also needs to rethink more than just delivery. Its portfolio of games, while respectable, is aging with little innovation. A Rethink for Gaming RelevancyA subscription-based model will dramatically help on that front by supplying a steady revenue stream rather than forcing the development of nothing but blockbuster titles that sell tens of millions of copies.Blank goes on to say "The value of a subscription is ultimately, from a business standpoint, how much do players engage with the subscription. If you can provide them with new and different experiences they might stay for longer. I think we will build new and different games that will fit within the subscription itself."It wasn't a direct allusion to more indie and indie-like games. But it's noteworthy that Electronic Arts has stepped up its efforts -- in a big way -- to work with independent game developers. Last month, the company announced Zoink Games, Glowmade and Hazelight Studios will each soon see one of their games published with an EA label on it.It's a largely unprecedented pace, suggesting the organization is rethinking everything from the top down.It also aligns with recent comments from EA's VP of strategic growth Matt Bilbey. He told GameIndustry.biz earlier this month "The conversation now can flip from platform holder to game creator because they are so intertwined. The game that creators are going to make is going to evolve based on what people are consuming on." Looking Ahead for EA StockWhat Electronic Arts exactly has in mind for the new era of video games remains at least a little unclear. Indeed, it's possible that even EA doesn't precisely know where it's going, even as it moves forward.It is clear, however, that Electronic Arts has pushed itself through a pretty significant rethinking of its place in the video game industry. Also, it appears it's had some tough conversations about relevancy where subscriptions are the norm and players are growing more interested in less-touted titles. The so-called "long tail" of video game choices is getting longer and wider.It's far from an assurance that EA stock will make a full recovery in the near future. But it certainly doesn't hurt the bullish argument.As of this writing, James Brumley held a long position in EA stock. 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 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Subscriptions, Streaming Integral to the Bull Case for EA Stock appeared first on InvestorPlace.
It was shaky action in the Nasdaq today. At first, the index rallied to new all-time highs, hitting 8,226. Then, it fell and closed lower by 0.08%. The rally came on more hints from Fed Chair Powell suggesting a rate cut is coming later this month.Source: Shutterstock The market is now fully pricing in at least a 25 basis point cut to the Fed funds rate. If the rate doesn't materialize, the stock market will surely sell off as a result. I'd expect tech to get hit extra hard under that circumstance. As it stands, markets are pricing in a 20% chance of a 50 basis point cut, which is up notably over the past few days.Worth pointing out is that a majority of the market is preparing for that 50 basis point cut at the September meeting, with odds standing at about 56%. Further, there is a roughly 12% chance of a 75 basis point cut by then.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs fun as it is to talk about the Fed almost daily… it is the commanding topic on Wall Street at the moment. * 3 Forgotten Tech Stocks Worth Remembering However, earnings are set to pick up in the second half of the month, setting the stage for some big moves in tech and elsewhere. You know investors in the PowerShares QQQ ETF (NASDAQ:QQQ) are bracing for some action with FAANG set to report in a few weeks. Heard at the Nasdaq TodayMicrosoft (NASDAQ:MSFT) hit new all-time highs again, and drew in a new analyst in the process. Cowen initiated coverage of MSFT with an outperform rating and $150 price target. They argue that MSFT has positioned itself in the right secular growth markets, although the coverage is certain to draw some criticism of Cowen's timing. I mean, up 35% so far in 2019 and this is when they start coverage?In any regard, the target implies about 8.5% upside from current levels.Bank of America analysts sent Snap (NYSE:SNAP) stock to new 52-week highs after they upped their price target from $12 to $17. They make the case that downloads of Snapchat are up more than 60% sequentially and year over year. If true, it could lead to better-than-expected user growth.Take-Two Interactive Software (NASDAQ:TTWO) took a hit on the chin in early Thursday trading, but closed lower by "just" 0.54% after a downgrade to hold at Jefferies. The firm's $115 price target is just below TTWO's current price of $116.53. News on the Nasdaq TodayAmazon (NASDAQ:AMZN) Music has reportedly seen its subscriber base rise 70% over the past year.Apple (NASDAQ:AAPL) Music has also boasted strong growth with its service earlier this year, helping to drive its robust $10-billion-per-quarter Services unit higher. The rise in music subscribers for Amazon comes as little surprise, as consumers continue to gravitate toward Spotify (NYSE:SPOT), Apple Music, Amazon Music and other streaming services.Biotech stocks took it on the chin Thursday. A likely decision from the White House is benefiting some groups in healthcare and hurting others. CVS Health (NYSE:CVS), Humana (NYSE:HUM), Cigna (NYSE:CI) and others benefited from the news -- here's how to trade Cigna's big rally -- while others suffered.Gilead Sciences (NASDAQ:GILD), Celgene (NASDAQ:CELG), Bristol-Myers Squibb (NYSE:BMY), Biogen (NASDAQ:BIIB), Regeneron (NASDAQ:REGN) and others all took a hefty hit on high volume. Of the names above, BMY and REGN hit new 52-week lows in the session.The question now becomes, will it be a one-day beating or is this just the start?Last but certainly not least, Apple is reportedly gearing up to offer its higher-end iPhones in India. The idea of Apple tapping into a market with 1 billion consumers is certainly appealing to investors. That's even as affordability in a country like India vs. the U.S. are quite different. * 10 Stocks to Sell for an Economic Slowdown According to the report, the XR and the XS could hit regional markets throughout the country. Further, Apple plans to assemble the units in India. This keeps the company from having to pay high taxes on the import of these devices. Apple has just ~1% of the smartphone market in India, paving the way for potential iPhone unit growth going forward.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, AMZN, CELG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post Nasdaq Today: Biotech Wrecked; Buy Microsoft?Â appeared first on InvestorPlace.
Take-Two Interactive Software stock fell Thursday after a brokerage firm downgraded the game publisher. The same firm also named Activision stock as its "top pick" among video game stocks.
Five years in the making. That is essentially the time it has taken for the S&P 500 to hit a milestone mark at 3,000 for the first time in its history. The stock gauge first closed at 2,000 on Aug. 26, 2014, according to Dow Jones Market Data.
In April this year, we identified TTWO as being undervalued, and the stock has risen an impressive 30.0% in the two and a half months since then.
In March 2019, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) released its earnings update. Generally, analysts...
Today we've highlighted five stocks that are currently trading for under $10 per share. All of these stocks also sport a Zacks Rank 2 (Buy) or better, and are showing signs of outpacing the market.
Electronic Arts (NASDAQ:EA) shares have done little since news of the initial success of its battle royale game, Apex Legends, back in February. At that point, it traded at around $97 per share. Today, the EA stock price sits at a little over $101 a pop.Source: Electronic ArtsThe company continues to release new games, the success of which could send EA higher. Still, unless one knows this industry well beyond the financials, I see only difficulty in profiting from Electronic Arts stock. EA Stock Back to Its Rangebound WaysEA stock also has shown a long history of rangebound trading. It settled in a range between 2003 and 2008 and again from 2009 to 2012. Yes, EA has risen by nearly ten-fold from the lows of 2012. Still, the equity first reached the $100-per-share range more than two years ago. Since then, it has seen no net gain.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe financials offer little incentive to break the pattern. Analysts expect earnings 7.1% higher this year and 12.3% the next. Even with a forward price-earnings ratio of around 19.5, EA offers little reason to buy or sell based on metrics. It also makes the rangebound patterns of EA stock over the last four months understandable. Only Gamers Should Play EA StockHowever, I don't just have an issue with Electronic Arts stock. Its peers, such as Activision Blizzard (NASDAQ:ATVI) and Take-Two Interactive (NASDAQ:TTWO) also worry me. Yes, traders need to closely follow the metrics of EA stock. However, predicting its next move involves understanding both the games and the electronic-gaming industry at large. * The 7 Top Small-Cap Stocks Of 2019 A successful game could change the game (pardon the pun) for EA. The company may get another crack at Apex Legends-driven euphoria when it releases Apex Legends enters its Season 2 in early July. It could also receive a boost from new releases of Madden NFL or FIFA soccer franchises. My colleague Luke Lango predicts $110 per share for Electronic Arts stock if a game release succeeds.His prediction could easily prove correct. The problem is that $110 takes the EA stock price to the top of the recently established range. What EA truly needs is the catalyst that will bring it above that level.Longer term, Electronic Arts stock also needs an impetus that will take it past last year's record high of $151.26 per share. Traders Should Know More than Just Console GamesKnowing that means understanding the games. More importantly, the rise of device-based games from companies such as Zynga (NASDAQ:ZNGA) and Glu Mobile (NASDAQ:GLUU) brings more competition from PC or console-based games. Furthermore, companies such as Tencent (OTCMKTS:TCEHY) prove the industry faces additional threats from China.I have not owned a gaming console for years. Plus, more than a decade has passed since I last played my old favorite, Madden NFL. Consequently, I no longer possess any intuitive understanding of games.Also, the EA stock price trading in the middle of its range, it does not interest me. However, investors that know the games and can quickly assess whether a given release will resonate with consumers could see opportunity at these levels. The Bottom Line on EA StockEA stock investors have to understand not only financials and stock patterns, but electronic gaming itself. Like many points in its history, EA has again established a pattern of rangebound trading. The equity now trades in the middle of its range. Hence, barring a range-breaking event, investors have as much to gain as they have to lose right now.However, an understanding of such events changes the buy proposition. Investors with more intimate gaming-industry knowledge possess a better understanding of the releases that will resonate, both with them and consumers. As a result, knowing the games places a trader in a better position to know when EA stock could surge.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Only This Type of Investor Should Try to Game EA Stock appeared first on InvestorPlace.
The stock has dramatically outperformed its peers, while the company spends a relatively small percentage of revenue on game development.
Thornton wrote in a note that Take-Two has been an outperformer under its current leadership team and has strong and valuable sports franchises like NBA2K, as well as the Rockstar and Grand Theft Auto franchises. Grand Theft Auto, in particular, is a “North Star” game franchise for Take-Two, with “Grand Theft Auto V” being the top-selling title of all time.
Take-Two Interactive Software Inc. shares are up 0.5% in premarket trading Thursday after SunTrust Robinson Humphrey analyst Matthew Thornton began coverage of the stock with a buy rating and $125 target. He sees the company's "NBA 2K" and "WWE 2K" sports franchises as valuable sources of recurring revenue and argues that the company has a promising pipeline ahead. Specifically, he is enthusiastic about the next "Grand Theft Auto" title, which he expects could launch in calendar 2021 and drive $6 to $7 in earnings per share for Take-Two. "Grand Theft Auto" is likely to provide a "north star" for the shares over the next two years, he wrote. The stock has risen 8.4% so far this year, as the S&P 500 has climbed 16%.
Epic Games grossed a $3 billion profit in 2018. But how does a game like Fortnite actually make money? Here's an explanation of how this popular game brings in the cash.
Video games have evolved into a multi-billion-dollar industry supported by advancements in technology, high-speed connectivity, and customized gadgets.
In this daily bar chart of TTWO, below, we can see that prices made a low in February and a retest can be seen in April. The daily On-Balance-Volume (OBV) line shows a low and bottom in late February and early March. The rising OBV line signals that buyers of TTWO have been more aggressive.