|Bid||5.21 x 40000|
|Ask||5.28 x 2200|
|Day's Range||5.29 - 5.37|
|52 Week Range||3.32 - 5.42|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||295.00|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.46|
It's not difficult to understand why some investors see Activision Blizzard (NASDAQ:ATVI) as attractive at current levels. After all, Activision stock is much cheaper than it used to be, having dropped some 47% from its early October highs.Source: Shutterstock And while the company's 2019 guidance was disappointing, ATVI stock still has some positive catalysts. The gaming market is still growing, and Activision Blizzard can tap into that growth with three attractive franchises. * Top 7 Service Sector Stocks That Will Pay You to Own Them On this site earlier this month, both Will Ashworth and Josh Enomoto have explained why investors should "buy the dip" of ATVI stock. Both authors made good points.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, Activision stock traded above $80 just a few months ago. It's one of the giants of gaming, along with Electronic Arts (NASDAQ:EA) and Take-Two Interactive (NASDAQ:TTWO). Some of the company's headwinds should fade, and it should resume growing.But I've been skeptical about ATVI stock for a long time, and even after its pullback, I'm not ready to turn bullish on Activision stock. Trading at 21 times the company's 2019 earnings per share guidance, excluding certain items, ATVI is not necessarily cheap. And from a broader standpoint, I'm still not sure whether Activision's growth can accelerate going forward.For the past decade, ATVI 's profits haven't increased much, especially in metrics other than earnings per share. Looking forward, ATVI still needs to show that it can raise its bottom line before investors should jump into Activision stock. Two Brilliant MovesBack in 2010, Activision generated 79 cents of adjusted EPS. In 2019, the company provided EPS guidance of $2.10, again excluding certain items.Over the nine years, that's an 11.4% compound annual growth rate (CAGR), even though the company is expecting its EPS to decline sharply this year from the $2.72 of adjusted EPS it reported in 2018. Still, averaging annual EPS growth of more than 10% over a decade seems to suggest that Activision's business is performing well, while its profits are steadily growing.That's not really the case, however. Over that stretch, Activision's EPS spiked twice. In 2013, ATVI repurchased Activision stock from its former majority shareholder, Vivendi SA (OTCMKTS:VIVHY). That deal boosted Activision's EPS by over 25%. Three years later, ATVI bought Candy Crush developer King Digital Entertainment for $5.9 billion.Both deals were brilliant. ATVI paid $13.60 per share for the ATVI stock it acquired from Vivendi. Activision stock, of course, is up more than 200% from those levels even after its recent declines. And the King deal was risky, as many observers thought that Candy Crush's revenue was poised to decline. Instead, its bookings have continued to grow, while the success of Zynga (NASDAQ:ZNGA) has further demonstrated the resilience of the social-gaming space.Again, both deals were great moves by Activision management. But those moves aside, the company's business simply hasn't been that impressive. Activision Stock's Growth ProblemBack in 2010, ATVI generated adjusted net income of $991 million. In 2015, the figure had actually dropped to $975 million. But since the Vivendi deal shrank the amount of Activision stock outstanding, the company's EPS rose to $1.32 in 2015, versus the 79 cents that it had reported five years earlier.King, meanwhile,added $600 million to ATVI's net profit, while tax reform tacked on over $100 million in 2018. Even if ATVI's business doesn't grow at all this year, its net income would still reach about $1.7 billion.However, the company's EPS guidance indicates that its net income will come in at just $1.63 billion. Even accounting for the fact that Activision historically has guided conservatively and excluding King's contribution, ATVI will probably wind up generating close to zero pre-tax profit growth between 2010 and 2019.That's nine years in which the economy has been good. Additionally, the increased popularity of digital downloads should be boosting the company's revenue and margins, as middlemen like retailer GameStop (NYSE:GME) have been cut out of many transactions. And demand for video games - both in the U.S. and overseas - has steadily risen.With all those benefits, the earnings of Activision Blizzard's business has not grown this decade. ATVI made two great deals, but its business has been stagnant. What Can Boost ATVI Stock?In that context, the question going forward is: what changes can provide a catalyst for Activision stock? And I'm not sure that Activision has provided an answer.ATVI did announce last month that it would restructure and lay off roughly 775 of its employees. That should save it some money, but hardly enough to move the needle. Even $100 million of savings would only boost its earnings by about 6%. And the company's plan to "refocus its resources on its largest opportunities," as the company put it in an 8-K filing, raises yet another question. What, exactly, are those opportunities?The company's core franchises - Candy Crush, Call of Duty, and World of Warcraft - still are performing reasonably well. For a long time, many people have thought that World of Warcraft, for instance, has been poised to decline. But according to Activision's 10-K, the game's net bookings rose year-over-year in 2018. The same is true for the company's other two key franchises.Still, those games aren't growing all that quickly. And since they only account for 58% of its total revenue, they certainly won't be profitable enough to support the company's 20+ P/E multiple.Meanwhile, the rest of the company's portfolio appears to be struggling. Overwatch generated over 10% of the company's revenue in 2017 and less than 10% of it in 2018, according to the company's SEC filing. The company stunned investors in January by basically giving away Destiny. Hearthstone, and Diablo has faded.And now Activision Blizzard is blaming the decline of its earnings in 2019 to a light slate of new products and responding by laying off employees. Was Activision carrying dead weight for years? Or are there simply not that many opportunities for ATVI to chase?In any event, Activision needs an answer to the broader question: what can jump start its growth? The profit growth of its old games isn't going to suddenly start to accelerate. Its newer games are declining, and it doesn't have another hit on the horizon right now.That' outlook is not good enough to support the current valuation of Activision stock. Unless Activision's management can convince investors that it has a better plan, Activision stock probably won't rally.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Why the Status Quo Won't Boost Activision Stock appeared first on InvestorPlace.
Esports, mobile gaming, subscription models, streaming services and significant penetration into the Chinese market will act as catalysts for gaming stocks over the long haul.
Townsquare's (TSQ) fourth-quarter 2018 results benefit from solid top-line growth, driven by stable broadcast and strong digital business growth.
Century Casinos' (CNTY) top and bottom lines increased year over year owing to robust performance of all its four reportable segments.
Wynn Resorts' (WYNN) impressive share price performance year to date can be primarily attributed to its solid Las Vegas operations.
Cheap stocks - those that trade for a small nominal dollar amount, say, less than $10 - are a double-edged sword. And those blades can be even sharper in the case of tech stocks.On the one hand, while the actual dollar price of a stock typically doesn't tell you much about it (a $50 stock can be every bit as secure as a $500 stock), at a certain point, stock price does matter. Some institutional buyers (such as mutual funds) will avoid stocks under $10, and even more will give the cold shoulder under $5. Under the $1 mark, exchanges such as the New York Stock Exchange and Nasdaq likely will threaten to delist the stocks. That's because typically, at those prices, stocks are trying to tell you something - and it's often not a positive message.The flip side? Institutional buyers can inflate stock valuations, so a lack thereof can keep them undervalued. The same goes for Wall Street analysts - typically, sub-$10 stocks may only have a few pros paying attention, further lowering the likelihood that these shares are overcrowded.Here are 10 cheap tech stocks to buy that all trade for less than $10. Importantly, they all show significant growth potential, and according to TipRanks' data covering the past few months, they all boast a "Moderate Buy" or "Strong Buy" consensus rating from the few Street analysts still covering the stocks. Just remember: Cheap stocks often are cheap for a reason; all of these carry considerable risk. Only approach these plays with funds from the speculative portion of your portfolio. SEE ALSO: 20 Top Stock Picks the Analysts Love for 2019
One of the biggest trends in global entertainment is online video games. Based on the latest projections from Goldman Sachs, leading video game stocks have a long runway of growth ahead. Goldman analyst Michael Ng estimates the worldwide gaming market is worth about $135 billion and is growing at a high-single-digit pace, including PC, console and mobile revenue.Gaming has been transitioning from offline to online for years now. However, Goldman estimates 30% of gaming still takes place offline, a lower-margin business than online. Mobile gaming, esports, streaming services, subscription models and penetration of the China market are all potential long-term bullish catalysts for gaming stocks. * 5 Airline Stocks In Serious Trouble Ng recently surveyed the gaming stock space, which has been red-hot in recent years. Here are the three gaming stocks where Goldman sees the most upside.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Gaming Stocks to Buy: Take-Two Interactive (TTWO)Source: Via RockstarTake-Two Interactive (NASDAQ:TTWO) stock tanked following the company's third-quarter earnings report in early February despite putting up some impressive numbers. The CEO even said the company "crushed the quarter." What gives?Take-Two released Red Dead Redemption 2 in the third quarter. By almost any measure, the game was a huge success. Take-Two has sold 23 million copies of the game, making it one of the most successful launches in recent memory. The critical reviews of the game have been so good that it will likely have staying power as well. However, the market may have had expectations for the game that there's simply no way it could live up to.Ng recently said Red Dead Redemption 2 and its several anticipated expansions should continue to boost Take-Two's bottom line in the near-term. In the longer-term, Ng said Grand Theft Auto VI will likely be released in fiscal 2022 or 2023 and drive at least $7 in earnings power for TTWO stock.In the meantime, Ng said in-game monetization of NBA2K will offset declining unit sales. WWE2K revenue should also get a boost from new TV deals from World Wrestling Entertainment (NYSE: WWE). Despite the sell-off, Goldman has a "buy" rating and $130 price target for TTWO stock. Activision-Blizzard (ATVI)Source: Shutterstock Like Take-Two, Activision-Blizzard (NASDAQ:ATVI) stock has taken a pounding in 2019, down 43% in the past six months. Activision also reported relatively strong fourth-quarter numbers last month. However, investors keyed in on what they saw as weak 2019 guidance. Activision also announced it would be cutting its global workforce in an effort to manage costs.Like Red Dead Redemption, Activision's smash hit Call of Duty: Black Ops was a huge success upon launch in October. Call of Duty drove double-digit quarter-over-quarter growth in Activision's monthly active users in the fourth quarter, which grew to 53 million. PC sales of the game tripled those of the franchise's previous installment, thanks in part to its "Blackout" battle royale mode. Battle royale games were the top trend in gaming in 2018, led by Fortnite and its $3 billion in profits.While Activision likely has another major catalyst in 2021 with Diablo 4, it can also benefit in the meantime from monetization of Call of Duty. Ng said the game's progression-based awards system and DLC available exclusively via passes will help drive revenue per user. * 7 Dow Jones Stocks to Buy Without another major game release coming in 2019, Goldman has only a "neutral" rating for ATVI stock. However, after the recent sell-off, there is nearly 20% upside to Goldman's $50 target. Zynga (ZNGA)Source: Shutterstock Zynga (NASDAQ:ZNGA) is the fastest-growing mobile gaming platform in the world. Zynga ended 2018 at an annual bookings run-rate of $1 billion. But unlike Activision or Take-Two, Zynga has nine new game launches on the calendar over the next two years. Zynga's so-called "bold beats" updates to its top franchises include "Legends" for CSR2, "Tile Styles" for Words With Friends and "World Poker Tour" for Zynga Poker.These bold beats updates increase both player retention and player engagement, according to Ng.In addition to the bold beats updates, Zynga has major new product launches piggy backing off of licensing deals with Game of Thrones, Harry Potter and Star Wars. New game launches are historically difficult and unpredictable. However, Ng said these new games could be the exception to the rule."Although we recognize the inherent difficulty in launching a successful mobile game, the content licenses and data-driven approach to marketing spend should help increase the likelihood of success," Ng said.Unlike Activision and Take-Two, ZNGA stock has been on fire in 2019, gaining 31% on the year. While the big run limits upside to Goldman's $5.30 price target, Ng said Zynga has a potential buyout valuation of $6. At a market cap of just $4.4 billion and significant exposure to the fastest-growing segment of the gaming industry, it wouldn't be surprising to see Apple (NASDAQ:AAPL) or another big company with cash to spend snatch up Zynga at some point in the near future.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Game On for These 3 Gaming Stocks appeared first on InvestorPlace.
Frank Gibeau has been the CEO of Zynga Inc. (NASDAQ:ZNGA) since 2016. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similarRead More...
Zynga Inc NASDAQ/NGS:ZNGAView full report here! Summary * ETFs holding this stock are seeing positive inflows * 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 | PositiveETF activity is positive. Over the last month, ETFs holding ZNGA are favorable, with net inflows of $2.20 billion. Additionally, the rate of inflows is increasing. 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 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.
Zynga Inc (NASDAQ:ZNGA) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
This year has been an unusually bullish one for U.S. stocks. Granted, the market started 2019 with the advantage of a steep selloff during the final three months of last year, setting up a big bounce out of an oversold condition. Traders remain confident at current levels, however, not flinching at the first whiff of potential trouble.The S&P; 500's 15% advance from the late-December low hasn't just put the broad market back into a bullish mode, however. It has yanked some stocks out of a rut and back into an uptrend as well. In many of those cases, that turnaround coincides with a fundamental turnaround from the company itself.With that as the backdrop, here's a rundown of the nine best U.S. stocks to plug into for a turnaround effort. All of them have made good forward progress, developing some momentum as a result. A closer read of their respective headlines also reveals the much-needed rhetoric has taken a turn for the better, reflective of fresh profit growth, sales growth or both.In no particular order... SEE ALSO: 2019's Most Surprisingly Hot Stocks
[Editor's note: This story was previously published in May 2018. It has since been updated and republished.] Do you think penny stocks are best left to amateur traders who don't understand that cheap stocks are cheap for a reason? It's not an entirely unfair assessment. Many of these young (and doomed companies) are the beneficiaries of great sales pitches, but their investors often end up suffering buyer's remorse.It's a misnomer, however, to think all penny stocks -- let's quantify them as equities priced at less than $5 per share -- aren't worth owning. Thanks to factors ranging from prolonged weakness in the commodities market to strategic stock splits to poorly-timed IPOs, a handful of these low-priced equities are actually compelling prospects. * 7 Cheap Stocks That Make the Grade In fact, here's a run-down of four of the best penny stocks to mull for 2018, and maybe beyond, none of which aren't exchange-listed names.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: Irene Grassi via Wikimedia (Modified) AK Steel Holding Corporation (AKS)One would think the steel business to be a steady and predictable one, with these stocks (and steel prices) ebbing and flowing more or less with the bigger economic cycle. One would be wrong in thinking this, however.The steel industry is a volatile mess, with ever-changing supply and demand making it impossible for the likes of AK Steel Holding Corporation (NYSE:AKS) to commit to a plan for the future.The end result? An already-cheap AKS stock has basically gone nowhere for the past 15 years, with everything that could go wrong during that time going wrong at an inopportune time.That may finally be on the verge of changing, however. With President Trump at least willing to try to level the playing field between the United States' steel companies and overseas rivals at the same time the global economy appears to be picking up some steam, AK Steel is in a proverbial sweet spot.Analysts think so anyway, with earnings and revenue projected to grow this year.Source: Shutterstock PDL BioPharma Inc (PDLI)PDL BioPharma (NASDAQ:PDLI) is a curious beast. It was initially established as a vehicle to acquire the rights to, or patents on, highly marketable drugs that would ultimately drive income for its investors.It worked too, for a while. As time marched on, however, drug developers realized they could do for themselves what PDL was doing. Ergo, PDL BioPharma has been struggling for a while now to acquire drugs and marketing rights at prices that left room for healthy dividends.That's a big part of the reason PDLI stock has fallen from a value of more than $30 in 2006 to a price of only $3.70 per share now. * 7 Healthy Dividend Stocks to Buy for Extra Stability The bears may have overshot with their pessimism though. PDL BioPharma could arguably overpay for a drug and still be money ahead.Source: Shutterstock Groupon Inc (GRPN)Talk about a fall from grace! Yes, Groupon (NASDAQ:GRPN) was a marker darling when it went public back in 2011, at a price of $28 per share. It has a honeymoon that didn't last long at all though, with shares retreating into penny stock territory less than a year later where it's been stuck ever since.And truth be told, Groupon shares deserved the beating they took. Not only was its pre-IPO growth rate not built to last, a host of competition has stepped up to the plate in the meantime. Net income peaked in 2012, and sales peaked in 2015.The daily-deals company may have finally found a winning formula though, setting the stage for a better 2019 and beyond.Analysts say that while sales are apt to fall another 8.2% this year, income is projected to improve. That may be all traders need to see to get this stock back in a nice uptrend.Source: Brownpau via Flickr (Modified) Zynga Inc (ZNGA)Last but not least, put Zynga (NASDAQ:ZNGA) on your list of penny stocks to mull for 2019. Yes, this is the same Zynga behind great online games like Words With Friends, FarmVille and several other titles you may not have realized were part of its library.This is the same Zynga that Facebook dropped an exclusivity arrangement with back in 2012, undermining its well-received IPO from 2011 and sending the stock to a sub-$5 price where it's been (almost) ever since. Though Zynga hasn't done poorly, it's certainly not done nearly as well as investors were expecting it too when it first IPO'd. * 9 High-Growth Stocks to Buy Now for Monster Returns Change is brewing though. Last year CEO and founder Mark Pincus gave up his control of the company by scrapping the two classes of voting shares that granted him an inordinate degree of voting power.That's not to say he alone was the reason the company was unable to grow in a meaningful way, but it certainly didn't help. In the meantime, that news comes at a time when revenue and income are starting to edge higher anyway.Not too many investors have noticed yet, but when they do, ZNGA is apt to get over the $5 hump. A more equitable voting rights scheme will only bolster the bullish case.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley.Compare Brokers The post 4 Penny Stocks to Own for 2019 appeared first on InvestorPlace.
HENDERSON NV / ACCESSWIRE / February 25, 2019 / America recently took another step to secure its place as a world leader in Artificial Intelligence when President Trump signed an executive order creating ...
There is a relatively new beast in the region that has been dubbed a minotaur. It is a venture-backed company that has raised $1 billion or more in venture funding.
Boyd Gaming's (BYD) impressive top-line performance in the fourth quarter of 2018 can be attributed to year-over-year gain at the Downtown Las Vegas, and Midwest and South segments.
There is a difference between investing and trading. Zynga (NASDAQ:ZNGA) is a stock I can only trade. This is nothing against the company or its prospects, but for years, ZNGA has been in a downtrend. Now that it has had a strong rally, I can't just trust it but I can trade it.Source: Shutterstock To invest in a company, I need value behind which I can formulate my trades. Entry points are extremely important and with ZNGA stock I don't have many here. I don't have an inside edge, so I lack conviction.Obviously, the ZNGA stock bulls feel differently. The stock is up 28% this year and 41% in 12 months. Clearly, it has momentum and it's beating the S&P 500 by a wide margin. But still and against this out-performance, I cannot invest in it for the long term.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThose who have been long it since the highs of 2014, it has taken them almost five years to get their money back and they are likely to get out at these altitudes. No, there won't be a bell to tell everyone to sell it, but if I were long the stock I'd book and thank the investing Gods for the opportunity.This is not to say that ZNGA is not a tradable stock. Its price action is similar to Advanced Micro Devices (NASDAQ:AMD) or Chipotle (NYSE:CMG). These are now momentum stocks rising against a slew of tides. * 8 Cheap Stocks That Cost Less Than $10 Valuation is one of those tides and ZNGA is not cheap. It sells at a 280 price-to-earnings ratio. This is three times more expensive than Amazon (NASDAQ:AMZN). In fact, ZNGA's P/E is equal to AMZN, CMG and Netflix (NASDAQ:NFLX) combined. I am sure experts of the stock could argue this point, but it probably won't change my mind and it doesn't for the short-term trading. How to Trade ZNGA StockIn the lower time frames, ZNGA's trading pattern is a rising wedge. Those need to hold the lower trend line or else they breakdown in measured moves.The stock gapped up earlier this month and rallied 14% on the back of the recent earnings. Clearly Wall Street liked what they saw, even at a time when the gaming industry is in a tumultuous period. It also helped that ZNGA got a price target upgrade from Wedbush that day.Traders often chase the power of round numbers. In this case, Zinga stock is above $5 and it now becomes a neckline it must hold for short-term momentum. On Feb. 15, there was a 30 minute doji candle that served as the breakout to $5.15. Now it becomes the short-term floor it must hold.This would be the first exit point to active traders. Otherwise, the stock will retest $4.85 per share. Should that happen and should ZNGA struggle there too, there is another mini support zone at $4.70 per share and that is close enough to the open earnings gap that it would probably fill.At that point, those who missed the earnings rally can enter for a chance to take the ride back up to $5 or higher. This is where the homework comes in. When I don't have value to use for support, then I need to really know what I am trading to decide how stubborn I become with my trade. I need a reason to chase and more importantly need a well-defined stop out level. I don't want to turn a trade into an investment.ZNGA stock will need the help of the general markets. We are so close to very important deadlines from tariffs and political shenanigans that adds a vegas flare to all short-term trading. If we get a favorable headline, then minute levels like these won't matter much; the stock would be caught in the market-wide wave.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post Why Zynga Stock Is a Solid Short-Term Play Now appeared first on InvestorPlace.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said that Zynga (NASDAQ: ZNGA ) has been a bad stock for a long time, but now it has become an up stock. He sees it as a speculative stock. ...
Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Thursday evening: Zynga : "This has become an up stock, but it remains speculative.
NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
HENDERSON, NV / ACCESSWIRE / February 13, 2019 / One of the best opportunities we've found is, Gopher Protocol Inc. (GOPH) , an Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies ...