|Bid||104.62 x 3200|
|Ask||105.20 x 1100|
|Day's Range||103.74 - 105.61|
|52 Week Range||84.41 - 139.91|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||36.21|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||120.68|
Private Division and Panache Digital Games today announced that Ancestors: The Humankind Odyssey will launch for PC* via the Epic Games Store on August 27, 2019, and digitally on PlayStation®4 system, and across the Xbox One family of devices, including Xbox One X, in December of 2019. Ancestors: The Humankind Odyssey is the debut title from Panache Digital Games, the independent development studio co-founded in 2014 by Patrice Désilets, the original creative director of the Assassin’s Creed franchise.
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.
Zelnick explained that TTWO reserves its cash for three purposes - to fund organic growth, for acquisitions and to return capital to shareholders when it sees value in its shares. In this Point and Figure chart of TTWO, below, we can see an upside price target of $130 but a decline to $99 will turn this chart bearish.
This weekend's Barron's cover story offers reasons why investors should not panic about the trade war. Another featured article suggests five cheap stocks to ride out the trade war. 5 Reasons Not to Panic." by Reshma Kapadia, shows how much Apple Inc. (NASDAQ: AAPL), Cisco Systems, Inc. (NASDAQ: CSCO) and other stocks are at risk from trade-related issues.
The game maker closed the books on a record year and is looking to invest in long-term growth in the year ahead.
Given Monday's steep selloff, Tuesday's bounce wasn't a big surprise. It also was anything but convincing. The S&P 500's gain of 0.8% and close of 2,834.41 was well off the day's high of 2,852.42, leaving the matter of more selling in question.Source: Allan Ajifo via Wikimedia (Modified)General Electric (NYSE:GE) set the tone, and pace, gaining 4.6% mostly thanks to word that it had secured some important power plant business. Beyond Meat (NASDAQ:BYND) once again logged one of the day's best gains though, up 14.6% as investors continue to fall in love with the idea of meatless meat.Although they couldn't drag the broad market into the red, there were some losers, led by Nissan Motor (OTCMKTS:NSANY). Shares of the carmaker fell 7.2% in response to another disappointing quarterly report, underscored by a poor outlook for this year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Retirement Stocks That Won't Wilt in a Bear Market Here, at the midpoint of the week, however, it's the stock charts of Take-Two Interactive Software (NASDAQ:TTWO), CenterPoint Energy (NYSE:CNP) and Kimco Realty (NYSE:KIM) that are of the most interest. Here's what to look for. Take-Two Interactive Software (TTWO)Sometimes, context is everything. It certainly has been for Take-Two Interactive Software shares during just the first two trading days of the week, particularly given that last quarter's less-than-thrilling earnings were posted on Monday.The stock fell, with the market, but didn't fall anywhere near as much as it should have given the bearish environment and the fact that earnings fell. That, followed by yesterday's oversized gains implies traders have been waiting for any reason to buy. Having tipped their hand, the breakout effort may be unstoppable now. Click to Enlarge * Notice that the thrust is shaping, and being shaped by, a diverging wedge pattern plotted in white dashed lines. Any defined framework like this is a bullish clue. * Underscoring Tuesday's gain is the volume surge behind it. * Backing out to the weekly chart we can tell this uptrend has actually been developing for a while. The Chaikin line's cross above zero last month and the MACD cross from March has only widened in the meantime. * A cross above the recently developed ceiling of the diverging wedge could readily accelerate the rally effort from here. Kimco Realty (KIM)Kimco Realty actually trailed the broad market's sizeable rally on Tuesday. But, it also sidestepped the even-bigger meltdown on Monday and has found support at key levels of late while the overall market has been hit hard. More than that, it has found support at familiar floors. While there's still one key hurdle left ahead, the undertow has been resiliently bullish. We'll take the hints.Above all else, KIM stock is back above the key level around $18, plotted in yellow on both stock charts. That line has been support and resistance in recent weeks. * 10 'Buy-and-Hold' Stocks to Own Forever Click to Enlarge * Augmenting the support at $18 is more recent support provided by the purple 50-day moving average line and the blue 20-day moving average. That support is highlighted, as is last month's similar support from the gray 100-day moving average line. * It takes the longer-term view of the weekly chart to fully appreciate how well the new uptrend is forming now that the downtrend of 2017 has been snapped and 2018's stagnation is in the rearview mirror. We've now seen a higher high and higher low. * A break above March's high near $18.80 could wind up being a bullish catalyst with lots of room left to recover. CenterPoint Energy (CNP)CenterPoint Energy is a name that has been off and on the radar for several weeks now. It had slipped off in April, when the break above a key ceiling early this year faded into a period of sideways movement. The past few days have been volatile enough to put it back in focus. But this focus comes with no clarity as to which direction it really wants to go next. The good news is, the recent action has defined where the key lines in the sand are. Click to Enlarge * Friday's reversal was prodded by a new encounter with the white 200-day moving average line, though the horizontal line around $29 -- plotted in blue on both stock charts -- had also been a key support and resistance level before being revisited. * Although the reversal was impressive, it was also halted abruptly at the gray 100-day moving average line on Monday. The stock rolled over on Tuesday, falling against a bigger bullish tide. * Notice that the two bearish days sandwiching Friday's and Monday's gains were both higher volume days, suggesting there are more buyers than sellers. * If the floor around $29 snaps, the next most likely floor is around $27, where shares found support several times in the last few months of last year.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 3 Big Stock Charts for Wednesday: Kimco Realty, Take-Two Interactive and CenterPoint Energy appeared first on InvestorPlace.
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended up Tuesday following President Trump's statement that upcoming trade talks with China were going to be "very successful." Trump said China's next move in the trade war will be a rate cut and he pushed the Federal Reserve to follow suit.
Stocks are seeing a solid bounce on Tuesday, after taken a pretty serious beating on Monday. The bounce went through a few key technical levels on the short term. Now it gets a little trickier to navigate as we approach the middle of the recent range -- especially since many investors feel that another leg down is likely here. Let's look at some top stock trades for tomorrow. Top Stock Trades for Tomorrow No. 1: Ralph Lauren Click to Enlarge Shares of Ralph Lauren (NYSE:RL) are being hit on Tuesday, falling 4.25% but are off the lows of the day after the company reported earnings. It's promising to see RL bounce, but it's not out of the woods yet.I would feel better about RL if it clawed its way back above $115. That's particularly true if we start getting more selling pressure in the broader markets. The stock is now below the 20-day and 50-day moving averages and if it can't reclaim this area, lower prices may be in store.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm watching the $101 area, near the 200-week moving average. Below $100 and the 2018 lows near $95 are on the table. * 6 Trade War Stocks With a Lot of Risk RL is sort of in no-man's land here. I need to see more selling or a further rally to get more interested. Top Stock Trades for Tomorrow No. 2: GoPro Click to Enlarge Shares of GoPro (NASDAQ:GPRO) are ripping higher on Tuesday, climbing almost 10% on the day. The move emphasizes an important breakout.Less than two weeks ago we asked if GPRO stock could run 20% to new 2019 highs. I guess we have our answer. But now what? Shares broke through multi-year downtrend resistance (blue line) in March and then pulled back and tested that level this month. Prior resistance held as support and here we go.In the short-term, bulls have won the battle. But for the momentum to continue, GPRO has a tough test ahead of it. Shares need to push through this $7.60-to-$8 area to really get a sustainable move higher. If it can, perhaps a move up toward the 200-week moving average is possible.On a pullback, I prefer to see the 10-week moving average hold as support, but need to see the 50-week hold. Below and we get a retest of prior downtrend resistance. Top Stock Trades for Tomorrow No. 3: Cronos Group Click to Enlarge Where Cronos Group (NASDAQ:CRON) is bouncing from comes as little surprise to InvestorPlace readers. However, be careful as it approaches channel resistance and a declining 20-day moving average.If it can close above the 20-day, then a breakout could get underway. Short of that though, resistance could knock it back down to $14 or down to the 200-day moving average. Top Stock Trades for Tomorrow No. 4: Take-Two Interactive Software Click to EnlargeTake-Two Interactive Software (NASDAQ:TTWO) is finally starting to move higher, this time on earnings, and is repairing some of the technical damage it suffered in Q4 2018 and Q1 2019. Shares are over downtrend resistance, as well as the 50-day and 20-day moving averages.Now what?The next test will seemingly come from the 200-day near $110. But keep in mind that the 38.2% Fibonacci retracement for the 52-week range rests at $105.61. Failure to hurdle this level could stop TTWO relatively soon. Either way, see that $100 and/or the 20-day moving average hold as support. Top Stock Trades for Tomorrow No. 5: Tanger Factory Outlet Click to Enlarge Tanger Factory Outlet Center (NYSE:SKT) has been disastrous and recently hit a new 52-week low. Its dividend yield is now north of 7.5%, although the payout appears to be safe.The 10-week moving average continues to pressure shares lower, so until SKT can close above that, it remains a tough buy from a trading perspective. The $19 level also acted as a floor for SKT in the past. Ideally we will get the stock above both levels, which will show that it's got at least a little bit of momentum.If it can't get back above $19 and its 10-week moving average continues to pressure it lower, see if its lows hold. A close below $18 likely sends SKT to new lows.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post 5 Top Stock Trades for Wednesday: RL, GPRO, CRON appeared first on InvestorPlace.
Bank of America Merrill Lynch's Justin Post reiterated a Buy rating on Take-Two and lowered the price objective from $130 to $128. MKM Partners’ Eric Handler reiterated a Buy rating and $115 price target.
The top end of that range “cleared investors’ recently falling hurdles,” according to Morgan Stanley, and many analysts noted that the company is typically conservative with its initial outlook for the year. Analysts still see significant growth opportunities from Red Dead Online. A primary reason to own the stock is recurrent consumer spending, which rose 20% in fiscal 2019.
Investing.com - Take-Two (NASDAQ:TTWO) reported fourth quarter earnings that Beat analysts' expectations on Monday and revenue that fell short of forecasts.
Shares of Take-Two Interactive TTWO fell more than 1% during extended trading on Monday after the video game company reported revenue that missed estimates and weak first-quarter guidance. The company reported fourth-quarter earnings per share of 50 cents on revenue of $488 million. StoneCo STNE stock jumped nearly 5% after hours, despite the company's better-than-expected first-quarter earnings.
Video game publisher Take-Two Interactive Software late Monday posted mixed results for its fiscal fourth quarter and gave soft guidance for its current quarter and fiscal year 2020.
Take-Two Interactive (NASDAQ:TTWO) unveiled its latest quarterly earnings results late on Monday, bringing in figures that did not live up to what analysts called for, yet TTWO stock increased after hours.The New York-based video game holding business said that for its fourth quarter of the most recent fiscal year, it compiled net income of $56.8 million, or 50 cents per share, marking a decline from its year-ago net income of $91 million, or 77 cents per share.Take-Two Interactive added that its revenue for the period amounted to $539 million, which did mark an increase of about 19.8% when compared to its year-ago sales of $450 million. The brand also posted net bookings of $488.4 million, an 18.7% surge when compared to the year-ago period.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts were calling for the company to bring in adjusted earnings of 75 cents per share, as well as net bookings of $507 million, according to data compiled from a FactSet survey. For the first quarter of the new fiscal year, analysts predict Take-Two will bring in adjusted earnings of 39 cents per share on net bookings of $421 million.Wall Street predicts full-year adjusted earnings of $4.89 per share on net bookings of $2.8 billion. The company sees its first-quarter as bringing in earnings of 65 cents to 75 cents per share on bookings of $310 million to $360 million.TTWO stock is down about 0.8% after the bell on Monday off the back of underwhelming quarterly results. Shares had been sliding roughly 3.3% during regular trading hours in anticipation of Take-Two's financial figures. More From InvestorPlace * 7 Dividend Stocks to Buy as the Trade War Reignites * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Cloud Stocks to Buy on Overcast Days Compare Brokers The post Take-Two Interactive Earnings: TTWO Stock Slides on Net Bookings Miss appeared first on InvestorPlace.
Take-Two Interactive CEO Strauss Zelnick explains to Jim Cramer why the gaming company is focused on expanding recurring consumer spending.