6.11 +0.05 (0.83%)
After hours: 6:58PM EDT
|Bid||6.05 x 45900|
|Ask||6.12 x 3100|
|Day's Range||6.02 - 6.16|
|52 Week Range||3.32 - 6.31|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.89|
May.02 -- Zynga Inc. Chief Executive Officer Frank Gibeau discusses the social gaming company's growth drivers and games in development with Bloomberg's Emily Chang on "Bloomberg Technology."
Frank Gibeau, CEO of the mobile and online gaming service Zynga, joins "Squawk Alley" to discuss the gaming company's quarterly earnings.
Zynga Inc NASDAQ/NGS:ZNGAView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for ZNGA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ZNGA. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.23 billion over the last one-month into ETFs that hold ZNGA are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.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.
Facebook this week shuffled the top ranks at its augmented and virtual reality division, and hired a former Electronics Arts executive to lead the division’s content practice, which has struggled to find a breakout hit.
Take-Two Interactive (NASDAQ:TTWO) is slated to report its earnings for its fourth quarter on Monday, May 13 after the market closes. After TTWO stock fell sharply in the wake of its Q3 earnings report in February, the shares have rebounded.Source: Photo from Take-Two TTWO stock may move again after the company reports its results next week for its quarter that ended in March. Given the uncertainty as to the company's direction, I think investors should wait until after its earnings before making any moves with Take-Two stock. * 10 Great Stocks to Buy on Dips Investors Will Likely Focus on the Company's RevenueFor TTWO's Q4, analysts, on average, expect the company to report earnings per share of 75 cents. In the same quarter last year, TTWO's EPS came in at 70 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts' consensus revenue estimate is $506 million, 23% above the year-ago figure of $411.37 million. Despite the expected significant increase in the company's top line, the consensus estimate is significantly below the $530 million to $580 million guidance that the company issued back in February.When I wrote a column about TTWO stock in December, I said it was underappreciated, given its fundamentals. I also urged investors to be cautious about TTWO stock. My warning turned out to be accurate, as TTWO stock has lost almost 16% of its value since the earnings report it issued in February. Most blamed the selloff of Take-Two stock on analysts' falling Q4 revenue estimates.TTWO stock did not find a bottom until briefly dipping below $85 per share on Feb. 27. For the most part, it has steadily moved higher since then, recovering most of the value it had lost in the wake of its earnings report. A Different Approach on In-Game PurchasesOne has to assume that investors will focus on the company's revenue. The gaming industry and mobile-gaming companies, such as Zynga (NASDAQ:ZNGA) and Glu Mobile (NASDAQ:GLUU), in particular, depend heavily on in-game purchases. Even TTWO's long-time peers, such as Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA), have increasingly embraced this model.Activision now earns the majority of its revenue from these transactions. However, Take-Two has stood out by depending less on in-game purchase than many of its peers. In recent quarters, TTWO has only earned about one-third of its revenue from in-game purchases.TTWO stock may have been hurt by the company's position. However, this stand reminds me of Southwest Airlines (NYSE:LUV) refusing to charge its passengers for every checked bag. In the long run, a company can earn some goodwill among its customers by declning to "nickel and dime" them. Evaluate TTWO Stock Based on Its Strengths and ValuationTake-Two has also remained true to its strengths. It has avoided mobile gaming completely and still derives around 85% of its revenue from console-based games. The rest of the company's revenue comes from PC-based games.But I still think investors need to look at the valuation of TTWO stock. Its 20.4 forward price-earnings ratio represents a multi-year low. Moreover, TTWO stock has surged in recent years. It traded below $10 per share as late as 2012, before peaking at almost $140 per share late last fall.Today, it trades at about $100 per share. I think that's a fair valuation for TTWO stock. Consequently, I would not buy Take-Two stock ahead of its earnings. But if TTWO stock drops sharply again following the report, traders should consider buying the shares. Final Thoughts on TTWO StockLast quarter's post-report selloff and investors' concerns about TTWO's revenue indicate that traders should not buy TTWO stock before it reports its results.Take-Two's profits probably rose last quarter. Despite analysts' falling revenue projections, TTWO's revenue probably rose at least 10% from its year-ago levels.However, investors have expressed concern about Take-Two's reluctance to depend heavily on in-game purchases. Its dependence on console games and older gaming franchises has also caused some unease among the owners of TTWO stock.Still, I think these practices embody sticking to strengths and building goodwill. Consequently, I would prefer TTWO stock over ATVI or EA despite those stocks' similar multiples. However, with TTWO's forward PE ratio of just over 2 and the Street's reticence about its revenues, I think investors should avoid buying TTWO ahead of its earnings.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 * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down Compare Brokers The post Owners of Take-Two Stock Likely to Focus on Its Top Line appeared first on InvestorPlace.
Activision Blizzard (NASDAQ:ATVI) has continued to slump recently. Activision stock sold off on Friday after issuing disappointing guidance. ATVI has also become caught in the overall market selloff, as its slump continued on Monday and Tuesday.Source: Shutterstock ATVI stock reached highs of just under $53 per share in November. Since then, it has remained range-bound, staying above its $40 per share price floor Without a catalyst, stocks can stay in ranges for months or years. Since Activision stock appears to lack any near-term catalysts, I don't expect ATVI stock to move much in the near-term. * 7 Strong Buy Stocks That Tick All the Boxes Lowered Guidance Hurt Activision StockIn its Q1 report, Activision beat on both revenue and earnings, although its top and bottom lines both fell YoY. However, what led investors to sell off Activision stock was its Q2 guidance. The company predicted earnings of 23 cents per share of ATVI stock and net bookings of $1.15 billion. Analysts' consensus estimate was EPS of 37 cents and sales of $1.27 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInterestingly, Activision stock and video-game stocks (except for Electronic Arts (NASDAQ:EA))march to their own beat. While the stock market has rallied in 2019, Activision stock still trades near the levels at which it sat on Dec. 24.Take-Two Interactive (NASDAQ:TTWO) followed more or less the same pattern. Companies that are primarily in the mobile gaming space, such as Zynga (NASDAQ:ZNGA) and Glu Mobile (NASDAQ:GLUU), have also followed their own trend.However, in the last six months, Activision stock has twice fallen back after moving into the low $50s per share range. Analysts' average price target of $52.50 per share is in that range. Conversely, since hitting a 52-week low of around $40 per share, it has moved higher by more than 15%.Another InvestorPlace columnist,Nicolas Chahine, believes that the $40 floor can hold. I think that will be accurate if ATVI doesn't lower its profit guidance. Where Will Activision Stock Go?However, the overall market could meaningfully hurt Activision stock. The S&P 500 has again begun to move downward after achieving new record highs. This time, there are early signs that Activision stock will follow the trend.If the S&P enters a bear market,Activision stock may be in trouble. In the early part of the decade, the PE ratio of Activision stock stayed in the teens. The P/E multiple averaged just 10.5 in 2012. If this pattern repeats, ATVI will break through the $40 per share floor. For now, I do not think the stock will fall that low.My more significant concern is the lack of a positive catalyst. As InvestorPlace columnist Chris Lau pointed out, only two ATVI games were among the top ten most popular games in March. Also, the rise in the popularity of so-called "freemium" games bodes poorly for Activision stock. Until the company fins a way to generate renewed interest in its games, I see little reason to recommend ATVI stock. The Bottom Line on Activision StockActivision stock lacks meaningful positive and negative catalysts Weak guidance led investors to sell ATVI, even though its earnings and revenue beat the consensus. outlooks. For this reason, it continues to trade in the $40-$53 per share range established in recent months.Activision stock has little more to bolster it than higher earnings estimates. However, with only two best-sellers and gaming trends moving away from ATVI's business model, estimates may drop.As the overall market falls, ATVI stock has so far followed the trend. As the stock's multiples in the early part of the decade showed, ATVI could decline further if the S&P 500 reaches correction or bear market levels.However, for now, there's little reason to expect significant gains or a substantial decline by ATVI. Until that situation changes, I expect Activision stock to remain in its current range.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 * 7 Strong Buy Stocks That Tick All the Boxes * 7 Stocks to Buy From the T. Rowe Price Health Sciences Fund * 5 Tech ETFs to Plug In to Big Profits Compare Brokers The post Why Activision Stock Will Likely Stay Range-Bound appeared first on InvestorPlace.
Three years ago, Zynga (NASDAQ:ZNGA) looked like it was on the verge of collapse. Revenue was shrinking, again, and the mobile-game maker's losses were starting to widen, again. Zynga stock fell to a record low in February of 2016. At that point, investors wondered if the company would ever excite game-lovers again.Source: Shutterstock In retrospect, savvy investors should have been buying when things seemed their worst. Sales and earnings are growing again. ZNGA stock just hit a seven-year high as a result.The turnaround is not just impressive, but one worth studying for future reference. This is particularly true for investors who believe mobility is the future of how we will live our lives.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Same, But DifferentYou know the company, even if you don't know you know the company. Zynga as the publisher of popular, "casual" games like Farmville, and the very popular Words with Friends. If you've played them, you've probably did so on a mobile device. You've certainly not needed to play them on a hardcore "gaming" computer. * The 10 Best Stocks to Buy for May It's a nuance that matters. While analysts often compare Zynga stock to game developers like Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA), they're not apples to apples. EA and Activision primarily seek to sell games to serious players. Subsequently, they don't necessarily remain interested in the game for very long.On the other hand, Zynga develops games that are easily played, for free, on mobile devices. As a result, the platform encourages repeated plays. Its most relevant competition is an obscure outfit called Glu Mobile (NASDAQ:GLUU)."Mobile" is a relatively new phenomenon though, around since Apple (NASDAQ:AAPL) launched the mini-computer called the iPhone back in 2007. However, consumers have only recently embraced smartphones as alternatives to broadband-connected computers since the advent of 4G speeds in 2010.The entire telecom and entertainment industries are still trying to figure out what consumers want. Just as importantly, they're attempting to decipher what they don't care about from their wireless broadband-connected devices.Zynga seems to have gotten a bead on that consumer though, or at least the entertainment-oriented piece of that consumer. Defining Moment for ZNGA StockIf you had to define Zynga's pivot point, you'd refer to March 1st of 2016. That's when founder and CEO Mark Pincus stepped down as chief for his second and last time, replaced by board member and industry veteran Frank Gibeau.A couple quarters later, Gibeau was gaining traction. That year's calendar second-quarter EBITDA of $17.9 million not only topped guidance between $12 million and $16 million, but handily beat analyst estimates of $16.7 million. By August of last year, Gibeau said "We're moving from 'fix it' to 'grow it'," adding "2018 is all about live operations. 2019 will be about new games." In February of this year, the CEO declared "Zynga's turnaround is now complete."He wasn't kidding. Last year's revenue of $907 million was up 5% year-over-year, but still accelerating into the end of the year. Its fourth-quarter sales grew 7%. Operating cash flow for the quarter more than tripled to $90 million.The acceleration continued into the first quarter of this year, with revenue growing 27% to $265 million. Though earnings fell short of estimates, bookings more than doubled to reach $359 million.Those bookings are a general indication of how well the game publisher will do in the foreseeable future. Better GamesWhile Gibeau had put some operational improvements in place, and wasn't afraid to move some people around, he put his focus on marketing the right games in the right way.That's not necessarily an easy detail for the average investor, who may not be a gamer, to spot. However, it's out there for those who read and listen carefully. The company's games can be played for long stretches and yet remain interesting. But they can also be enjoyable for short spans. Common examples include waiting for a taxi or a table at a popular restaurant.They're also challenging, but not stressful. As such, ZNGA wouldn't appeal to a fan of Fortnite seeking an intense melee. At the same time, consumers aren't interested in playing Call of Duty on a small-screened mobile device either.Speaking about their offerings, Gibeau stated, "All of them are really mass-market games, but they're also very cool in terms of their design."It's all been by design, even if difficult to articulate. Looking Ahead for Zynga StockFiguring out exactly what "clicks" with mobile device users is a work in progress, mostly because it's a moving target. Smartphones have become stunningly more powerful than they were just a couple of years ago and will continue to improve. Ditto for tablets and for connection speeds. With 5G likely to send and receive data ten to twenty-times faster than 4G connections, data constraints will go away.Zynga is also embracing the idea of subscriptions in an increasingly subscription-minded marketplace.Consumers no longer balk at paying a regularly monthly fee for services like Netflix (NASDAQ:NFLX). Nor do they bat an eyelash at services like Spotify (NYSE:SPOT) nor meal kits like Blue Apron (NYSE:APRN) regularly delivers. Adding access to worthy games wouldn't be a great leap.What that might look like when finalized, if finalized, is anyone's guess. There's little doubt, however, that if Zynga plows ahead with the opportunity, it will do so with its finger still on the pulse of the mobile-gaming market.It's getting very difficult not to like Zynga stock.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 * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Zynga Stock Has Turned Mobile Gaming into a Science appeared first on InvestorPlace.
The NASDAQ index is near its record high, standing at 8,123, and the tech sector, as usual, is doing its part to hold the index. Here we’ll look at three ‘Strong Buy’ tech stocks, in different niches of the field, and with varying levels of name recognition, market cap, and economic/political clout. While they deal with a variety of challenges – from expensive overhead to securing data to protecting customer privacy to dealing with government regulators – they are also delivering for their shareholders, with clear gains posted after their Q1 earnings reports. We’ll dive in to the TipRanks’ analyst database, and see where these stocks stand from an investment perspective. Facebook, Inc. (FB – Research Report)With its recent earnings report, social media powerhouse Facebook has found a way to mitigate the damage from anticipated Federal Trade Commission fines: the company swallowed a one-time, $3 billion hit to the bottom line. Without that hit, EPS would have come in somewhere north of $3; as it is, the company reported an effective earnings per share of $0.Investors didn’t seem to mind, as FB shares added more than 1.5% in the wake of the earnings report. The consensus is that Facebook’s true bottom line is less the reported EPS but rather the 2.7 billion daily active users the company reported across its apps. That size can be broken down a bit, among Facebook and those proprietary apps: Instagram accounts for 1 billion daily users, Messenger for 1.3 billion, WhatsApp for 1.5 billion, and Facebook counts 2.3 billion. The total of 2.7 billion takes the significant overlap into account.The user base and the $550 billion market cap together give Facebook a tremendous leg up when dealing with privacy breaches and government regulators – this is a case in which size does have a quality all its own.Size drew the attention of Baird’s five-star analyst Colin Sebastian (Track Record & Ratings). In his research note on the earnings report, Sebastian noted that “Facebook reported better than expected revenue, as pricing headwinds from Instagram Feed/Stories mix was offset by stronger user engagement… Facebook will continue to benefit disproportionately from its scale and resource advantages relative to most competitors.”Sebastian raised his price target on FB stock from $195 to $215, indicating his confidence in an upside potential of 10%.Also taking a bullish stance of Facebook, with a similar $212 price target, is Citigroup’s Mark May (Track Record & Ratings). In his note, he points out four areas in which the company is focusing its efforts:> “Privacy: The company has found a way forward that thoughtfully combines addressing the important needs of protecting the franchise with a product approach for users... > “Messaging: The company is positioning messaging as the new modern social network with 3 characteristics: speed, privacy and interoperability. > “FB5: The new version of the app is more focused on communities and groups as a central part of the platform. > "Transactions: The company is becoming more active in payments having just launched a new shopping channel on Instagram…”May’s price target suggests that FB stock has an 8.4% upside. This is in line with the 12% upside derived from the $195 current share price and the $219 average price target. Facebook’s ‘Strong Buy’ consensus rating comes from 29 buy reviews and 4 holds given in the last three months.View FB Price Target & Analyst Ratings Detail Global Payments, Inc. (GPN – Research Report)Shifting gears from social tech to financial tech, we find a much more crowded space, especially in the payment processing niche. Giants like PayPal (PYPL) share the space with smaller players like Square (SQ), as well as established financial names like Visa (V) and Mastercard (MA). In this environment, Global Payments is a mid-size player, although a major factor in the North American fintech industry, providing credit card and debit card processing services for merchants as its main business, buttressed by support and data analytic services.GPN reported quarterly earnings on May 2. The company had beaten the earnings estimates for the previous four quarters, and Q1 2019 continued the run. The $1.34 reported EPS beat the $1.30 expectation by over 3%, and the $1.04 billion in quarterly revenue was a modest 0.8% higher than forecast. Both numbers represent gains over the year-ago quarter, and gave support to GPN's 1% share price advance.Oppenheimer analyst Glenn Greene (Track Record & Ratings), rated 4 overall in the TipRanks database, summed up the current situation for GPN stock after the earnings release: “GPN posted strong 1Q19 results with double-digit organic CC revenue growth, and cash EPS of $1.34… The company also modestly raised its CY19 guidance… With shares trading at ~20x our CY20E EPS, we view GPN as quite attractive.” Greene gives this stock a price target of $152, implying a 4% upside against the current $145 share price.Writing from SunTrust Robinson, Andrew Jeffrey (Track Record & Ratings) concurs with Greene’s bullish stand on GPN. Jeffrey took a more holistic look at the stocks, saying, “The company's profile as a hybrid of legacy processor and next-gen software provider in payments is more durable and less cyclical,” and giving GPN a $172 price target. His target suggests a 20% upside to the shares.Global Payments maintains a ‘Strong Buy’ consensus rating, based on 15 buys given in the last three months, which overwhelmed the 3 bearish ratings. The stock’s average price target, $152, and upside of 4%, match Greene’s, and indicate room for moderate near-term growth in this fintech company.View GPN Price Target & Analyst Ratings Detail Zynga, Inc. (ZNGA – Research Report)Both the stocks above are tech giants, with market cap in the tens of billions at least and share prices listed between $140 and $200. Let’s turn now to a smaller stock, still in tech, but a $6 palate cleanser if you’re looking for a bargain buy.Zynga is a social gaming company, that may be familiar to you – it was the distributor behind Farmville and Cityville, which were all the rage on Facebook for a time. While Zynga hasn’t had a hit like those in a while, the company still boasts over 80 million monthly active users on its games.So like Facebook, Zynga claims a strong user base to underpin its marketable activities, its games. And those games, in turn, gave the company a better-than-expected Q1. The headline EPS number came in negative, with ZNGA posting a loss of 12 cents per share. That was offset, however, by a 27% surge in revenues, which reached $265 million, and even more importantly, a massive 64% gain in booking (agreements on future business) to $359 million.Investors have latched on to the latter two points, as shown by ZNGA’s strong 9.4% gain in the days since the May 1 quarterly report. The day after the release, ZNGA received 6 ‘buy’ ratings from top analysts, including an upgrade from Baird’s Colin Sebastian (linked above). Sebastian bumped ZNGA to Outperform, citing, “…better-than-expected Q1 results largely confirming a successful turnaround and M&A strategy, improving organic growth outlook, and less dependence on new game launches.” His price target, of $8 per share, indicates a 32% upside potential.Mike Hickey (Track Record & Ratings), commenting from Benchmark, also gives ZNGA a bullish $8 price target. Hickey says that he is impressed by Zynga’s “expanding live service game portfolio and accelerated growth.” He added his belief in the company’s ability to maintain “long-term operating margins exceeding 30%.”Zynga’s consensus rating, like the stocks above, is another ‘Strong Buy,’ this one based on 8 buys and 2 holds. The stock sells for $6 now, and has an average price target of $6.58, giving a 9% upside potential.View ZNGA Price Target & Analyst Ratings Detail Enjoy Research Reports on the Stocks in this Article:Facebook, Inc. (FB) Research ReportGlobal Payments, Inc. (GPN) Research ReportZynga, Inc. (ZNGA) Research ReportAll three of these stocks are featured in TipRanks Trending Stocks tool. These are the stocks that Wall Street’s top analysts are most interested in. If you want to know what as the analysts’ attention, this is the place to look. Visit the Trending Stocks tool now.
Video games have evolved into a multi-billion-dollar industry supported by advancements in technology, high-speed connectivity, and customized gadgets.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included tech and entertainment giants with strong prospects. Some bearish calls followed disappointing ...
U.S. stock futures are trading higher on the heels of a robust jobs report. The U.S. economy added 263,000 jobs, handily beating the Street's estimates for 190,000. With the new hiring boost, the unemployment rate dropped to 3.6%, the lowest reading since 1969.At the open, the Dow Jones Industrial Average is up 0.59%, and the S&P 500 is down by 0.21%. Nasdaq-100 is up 0.69%.In the options pits, digestion of the recent Fed meeting kept overall volumes well above average. Calls outpaced puts by a solid 4 million contracts. Specifically, about 21.5 million calls and 17.3 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, over at the CBOE, the single-session equity put/call volume ratio rose to 0.64. Its recent climb is dragging the 10-day moving average higher, and it ended the session at 0.61. * 10 Cheap Stocks to Buy in May, But Don't Go Away Options traders zeroed in on earnings announcements yesterday. Today we'll focus on three: Square (NYSE:SQ), ZNGA (NASDAQ:ZNGA) and Activision Blizzard (NASDAQ:ATVI)Let's take a closer look: Zynga (ZNGA)Zynga is coming back from the dead. Spurred by a significant earnings gap, ZNGA stock tagged a fresh six-year high at the open on Thursday. You'll be forgiven if the social game developer fell off your radar ages ago when it was circling the drain. It's been dead money until this year's awakening.The company's latest earnings release is keeping its turnaround hopes alive. Revenue growth is what excited investors the most this quarter. Sales came in at $265.4 million, far surpassing the company's estimates for $240 million.This year's uptrend should encourage bulls. Dips have been shallow and breakouts have scored followthrough. With the rising 20-day and 50-day moving averages, buyers are in full control of the short- and intermediate-term trends.On the options trading front, traders came after calls with a vengeance. Activity rocketed to 687% of the average daily volume, with 112,797 total contracts traded. A whopping 88% of the trading came from call options alone.Implied volatility is pricing in daily moves of 16 cents or 2.7%. Activision Blizzard (ATVI)Activision Blizzard reported earnings last night that failed to impress shareholders. Sellers promptly sent the stock down 4% where it sits ahead of the opening bell. For the first quarter, ATVI earned 78 cents per share on revenue of $1.83 billion.The price trend for ATVI has stabilized in recent months creating a five-month base. Until it an bust through $50 resistance, however, the outlook remains neutral.Ahead of the number, options trading rose dramatically with calls winning the popularity contest. Activity ballooned to 538% of the average daily volume, with 116,898 total contracts traded. Calls claimed 55% of the session's sum.According to option premiums, the expected move into earnings was $3.07 or 6.2%. That means this morning's 4% drop is well within the forecasted gap. Volatility sellers should win the day. Square (SQ)Square shares took it on the chin Thursday following disappointing guidance during its earnings report. The stock tumbled 8% and took out critical intermediate support. With SQ now submerged beneath all major moving averages, its technical outlook is grim.For the first quarter, the company saw revenues grow to $959.4 million easily beating analyst calls for $942.6 million. With the revenue boost, non-GAAP earnings per share came in at 11 cents, topping estimates of 8 cents. However, gross payment volumes missed estimates (22.6 billion versus 22.8 billion). Couple that with lukewarm guidance for the second quarter, and investors decided to lean on the sell button.On the options trading front, calls led the charge despite the day's drubbing. Activity swelled to 365% of the average daily volume, with 258,453 total contracts traded. Calls accounted for 59% of the tally.Implied volatility suffered the usual post-announcement crush, falling to 42%. That places it at the 14th percentile of its one-year range. Premiums are now pricing in daily moves of $1.78 or 2.6%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Friday's Vital Data: Zynga, Activision Blizzard and Square appeared first on InvestorPlace.
Zynga and AMD Rose Over 5% after Quarterly ResultsZynga stock up by 5.6%The stock of gaming company Zynga (ZNGA) rose 5.6% on May 2 to close trading at $5.82. The stock is currently trading 75% above its 52-week low of $3.32 and 7% below its 52-week
It could have been worse, and for a while on Thursday, it was. The S&P 500 managed to partially cut into its intraday loss yesterday, though to only end the day down 0.21%. The market found some technical support, at least for now.United States Steel (NYSE:X) drove much of that weakness, falling nearly 6% headed into its post-close earnings report. Solid results, however, buoyed the stock back to near breakeven levels in after-hours trading. Fluor Corporation (NYSE:FLR) was Thursday's big loser though, falling 24% on an unexpected first-quarter loss and news that CEO David Seaton would be stepping down after eight years on the job.There were some winners. Zynga (NASDAQ:ZNGA) was one of them, up nearly 6% despite an earnings miss. The game-maker raised its full-year guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into the end of the trading week, however, it's the stock charts of Citizens Financial Group (NYSE:CFG), Gap (NYSE:GPS) and News Corp (NASDAQ:NWS) are most worth a closer look. Here's why. Gap (GPS)Like most of its retail peers, Gap was re-victimized in 2018 as part of the next round of the retail apocalypse. The market stopped the bleeding early this year, though, and has held that line ever since. It even took a failed shot at pushing up and off that floor to restart a major, long-term rally effort. It failed though, falling back to that familiar floor. * The 10 Best Stocks to Buy for May But the potential for a surge remains in place, and the technical ceiling is well established right where it should be. The second effort to break above it could have better luck, and probably would have better luck. Click to Enlarge • The floor in question is $24.40, plotted in yellow on both stock charts. For whatever reason, traders drew a line in the sand there, and haven't yielded.• The resistance line to watch is $27, where shares have found highs since the beginning of the year with the exception of March's short-lived surge.• Though stuck on a sideways trading range, notice all the key moving average lines that have converged as of last month, and are now crossing over one another. That in itself should trigger programmed and automatic technical purchases, fueling the budding breakout. News Corp (NWS)News Corp shares had a rather rough 2018, and like most stocks, it was hit particularly hard in the fourth quarter. That looked to be a capitulation, given the bounce during the first quarter.That effort has petered out in the meantime. So far the bulls have at least been able to hold back the selling flood gates, but as of yesterday's close, NWS shares are once again teetering on a break under a well-established technical floor. And, the undertow is decidedly bearish. Click to Enlarge • That make-or-break support line is around $12.26, plotted in yellow on both stock charts. That's where News Corp shares has made all of its lows since February.• Note the surges in bearish volume when NWS tests that support around $12.26. There are clearly more would-be sellers than buyers, and there may be many more waiting in the wings.• The bigger trend of lower highs remains intact. That guideline is plotted in red on the weekly chart. Citizens Financial Group (CFG)Citizens Financial Group isn't over its most relevant technical ceiling right now. But, it's close, and a break above it wouldn't just be a big technical event. It would be a catalyst that unleashes several weeks' worth of pent-up buying. Click to Enlarge • The line in the sand is the 200-day moving average line, plotted in white on both stock charts. That line acted as a ceiling in February, but may not be able to hold the bulls back this time.• Bolstering the potential resistance around $36.40 is the straight-line resistance formed by the connection of all the major peaks going back to September. That line is plotted in yellow.• While the momentum is respectable, the buying volume behind the uptrend so far isn't impressive.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 * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post 3 Big Stock Charts for Friday: Citizens Financial, Gap and News Corp appeared first on InvestorPlace.
New live services offerings will continue to drive Zynga’s five forever franchises, and continued growth gives the company more gross profit dollars to invest in new IP development, the analyst said.
Our call of the day, from Mohamed El-Erian, chief economic adviser for Pimco parent Allianz, says the Fed lacks a sense of what’s going on with markets and that could spell trouble for investors.
Zynga shares soared in after-hours trading on Wednesday and were up 10.3 to $6.07 in early trading on Thursday. Investors could be forgiven for sleeping on Zynga in recent years: After going public in 2011 at $9.50 per share, it had sunk to $1.83 per share by February 2016 owing to a falling out with Facebook, which predominantly fueled Zynga's numbers in its early years. executive who's been revamping Zynga's operations ever since.
(Bloomberg) -- Zynga Inc. shares surged to a seven-year high on Thursday, after the company reported first-quarter results that beat expectations and lifted its full-year outlook.