EA - Electronic Arts Inc.
| Previous Close | 98.28 |
| Open | 98.28 |
| Bid | 99.40 x 1000 |
| Ask | 99.42 x 900 |
| Day's Range | 98.28 - 99.56 |
| 52 Week Range | 73.91 - 121.30 |
| Volume | 339,893 |
| Avg. Volume | 3,730,948 |
| Market Cap | 29.146B |
| Beta (3Y Monthly) | 1.20 |
| PE Ratio (TTM) | 14.00 |
| EPS (TTM) | 7.07 |
| Earnings Date | Oct 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 111.48 |
- American City Business Journals
Brex poaches talent from Instacart and Electronic Arts to fill key posts
The fast-growing company that offers credit cards to startups hired two women to fill key posts involving engineering and data privacy.
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C. Fla.'s most active apartment developers combined for $1.6B in projects
Apartments are big business in Central Florida, where the industry contributes $28.7 billion to Orlando’s economy and supports 151,020 jobs.
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Take Two Interactive to Launch NBA 2K20 Global Championship
Take Two Interactive's (TTWO) upcoming NBA 2K20 Global Championship is expected to boost its competitive prowess in the rapidly growing esports space.
- InvestorPlace
3 Reasons to Ride Electronic Arts Stock Above $100
Following a late 2018 plunge which cut Electronic Arts (NASDAQ:EA) stock in half, shares of the video-game publisher have bounced back in 2019. So far this year, EA stock has risen 25% as investors gear up for what could be a blockbuster 2020 and 2021 for EA.Source: Rick Neves / Shutterstock.com The rationale for the coming rally of Electronic Arts stock is simple. A new generation of video-game consoles is hitting the market in 2020. It will be the first new console upgrade cycle since 2013. At the same time, cloud gaming will be integrated into these new consoles. The combination of new consoles and cloud gaming will create a rising tide for the whole video-game industry.In that rising industry, EA should be a star. The company's portfolio of games is robust. EA has some big headline launches coming soon. Additionally, the company has successfully pivoted into the free-to-play realm and is on the cutting edge of the eSports movement.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe video-game industry will surge tremendously in 2020 and 2021, and EA is poised to be a big winner in that hot industry. Consequently, EA's growth rates should improve meaningfully over the next few years. That, in turn, should lead to continuous strong performances by EA stock. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars I fully believe in this bull thesis. As a result, I think EA stock is worth buying now and for the next several quarters. The Video-Game Industry Is About to Surge TremendouslyThe most important point for EA stock is that the video-game industry is about to grow like weeds over the next two to three years.Let's look at the big picture. Over the past decade, the video-game industry has grown steadily, as it's been supported by non-cyclical trends such as digital engagement, competitive gaming, and increased mainstream publicity.The sector has taken a step back in 2019, but this weakness won't last. Growth will resume in 2020, driven primarily by new console launches.The last generation of video-game consoles launched in 2013. In 2020, two new consoles -- the Playstation 5 and Project Scarlett - will debut. Inevitably, given the long time between console upgrades, there will be huge demand for these new consoles.On top of that, these new video-game consoles will be able to support cloud-based games. As a result, for the first time ever, cloud gaming will go mainstream in 2020. That's big. A huge innovation, cloud gaming will cause demand to jump by attracting new gamers to the market and bringing old gamers back into the market.Consequently, with new, cloud-gaming-enabled consoles launching in 2020, the entire video-game industry looks primed for rapid growth in 2020 and 2021. It also helps that the slate of new video games due to launch in 2020 is already being hyped as one of the best ever. Electronic Arts Will Be a Star in a Rising IndustryAs the video-game industry goes gangbusters in 2020 and 2021, Electronic Arts stock will be a huge winner.That is based on a few ideas. First, EA's games are second to none. Among its offerings are top franchises like FIFA, Madden, Anthem, Battlefield, and Sims. In 2020 and 2021, EA will launch new, popular titles. Those games, which will be launched against the backdrop of increased interest in video games thanks to new consoles, should sell quite well. As a result, EA's revenue growth should accelerate meaningfully, creating a positive catalyst for EA stock.Second, Electronic Arts has successfully pivoted into the free-to-play-game arena with its Apex Legends game. Thus, even though the video-game market remains challenged by free-to-play offerings, EA does not have that problem or, at least, it's less impacted by the issue than its peers. That distinction should allow EA to fully reap the rewards of new console-inspired video-game market growth in 2020 and 2021.Third, EA is a major player in eSports. It will remain a huge eSports player for the foreseeable future, since many of its franchises - FIFA, Madden, and NBA Live - are great fits for competitive gaming. Thus, as eSports continues to gain traction in 2020 and 2021, EA's overall growth should accelerate. EA's Fundamentals Should Lift Electronic Arts StockOne could argue that, trading at 22 times analysts' average earnings estimate, EA stock is already priced for blockbuster results over the next two years,Sure, EA stock is more richly valued than the average growth stock. But that's because its long-term growth outlook is better than that of the average growth stock.EA should be able to drive 10%-plus profit growth over the next several years, with high-single-digit-percentage revenue growth and gradual margin expansion. As a result, EA's profits can reach $6 per share of EA stock by fiscal 2022. Assuming the forward price-earnings ratio of EA stock will be 20, the average for growth stocks, Electronic Arts stock will reach $120 in fiscal 2021.Discounted back by 10% per year, that equates to a fiscal 2020 price target of about $110. We are a few months into EA's fiscal 2020, and Electronic Arts stock is trading below $100. Thus, over the next few months, the fundamentals indicate that EA stock should rally another 10%. The Bottom Line on EA StockThe video-game industry will surge tremendously in 2020 and 2021 , thanks to cloud gaming and the first wave of new consoles since 2013.In that red-hot video-game industry, Electronic Arts should be one of the stronger players, given its popular games, ample free-to-play exposure, and positive eSports catalysts. Finally, EA stock appears to be undervalued today.Because of those factors, I remain bullish on EA stock today.As of this writing, Luke Lango was long EA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post 3 Reasons to Ride Electronic Arts Stock Above $100 appeared first on InvestorPlace.
- InvestorPlace
Beware the Rally in Activision Blizzard Stock
The long-awaited rally in Activision Blizzard (NASDAQ:ATVI) stock finally has arrived. Activision Blizzard stock plunged in last year's fourth quarter and spent the first seven-plus months of 2019 trading sideways. Of late, however, ATVI has been on fire.Source: Piotr Swat / Shutterstock.com Indeed, as of Aug. 14, ATVI stock was down 2.8% year-to-date. Since then, its chart shows that Activision Blizzard stock is up 18% year-to-date. The launch of "World of Warcraft Classic" on Aug. 27 appears to have provided a particular boost of late.But the long-term problem for Activision Blizzard that I highlighted back in 2017 still holds. This is not a company that has posted significant earnings growth this decade.InvestorPlace - Stock Market News, Stock Advice & Trading TipsATVI stock has gained nicely, to be sure -- and its earnings per share have risen nicely. But that EPS growth has come from three catalysts. First, Activision Blizzard made a huge share repurchase from stakeholder Vivendi (OTCMKTS:VIVHY) at less than $14 per share, a quarter its current price. Second, tax reform increased after-tax income. And, third, the acquisition of King Digital appears to have been a smashing success.The core product portfolio, however, has driven minimal earnings growth for years now. Until and unless that changes, the rally in ATVI stock is going to come to an end. ATVI's Growth Problem ContinuesBack in 2010, Activision Blizzard posted non-GAAP net income of $991 million. 2019 guidance suggests a much higher figure: $1.4 billion.On its own, that number isn't all that impressive. It's a 58% increase total -- or about 5.1% annual growth. But consider two other factors. * 7 Momentum Stocks to Buy On the Dip First, Activision Blizzard's tax rate has come down. The non-GAAP figure was 29% in 2010 and was guided to 20% this year on the second-quarter conference call. That alone created over 12 percentage points of growth. Second, Activision acquired King, whose 2015 net profit was over $600 million. Activision Blizzard's total growth in nine years is less than that.The two biggest hits in the Activision Blizzard portfolio -- "World of Warcraft" and "Call of Duty" -- seem to have been relatively stagnant. Elsewhere, performance has been mixed. "Candy Crush" continues to grow, as it and Zynga (NASDAQ:ZNGA) prove there's more life in social gaming than skeptics believed.But "Overwatch" revenues, according to ATVI's U.S. Securities and Exchange Commission Form 10-K, declined in both 2017 and 2018. "Diablo" has been solid, but not quite a hit. The same likely is true for "Hearthstone." "Skylanders" went on hiatus in 2017, despite the fact that Disney (NYSE:DIS) discontinued "Infinity" the year before.Qualitatively, the portfolio seems to have some holes. Even with the launch of Classic, "World of Warcraft" seems long in the tooth. The same is true for "Call of Duty." Elsewhere, there isn't anything that really qualifies as a hit. And that seems like a problem given that Activision Blizzard stock now is trading at over 27 times its 2019 EPS guidance. Where's the Catalyst for Activision Blizzard Stock?If that's the case, why has ATVI stock rallied? As noted, "World of Warcraft Classic" has posted big numbers, and that appears to have helped lately.But Wall Street also has turned bullish in recent weeks. Activision Blizzard stock has received multiple upgrades this month alone. The "World of Warcraft" re-launch and the new "Overwatch" game for the Nintendo (OTCMKTS:NTDOY) Switch both seem to be helping.The Street sees 2019 adjusted EPS of $2.19 against $2.02 guidance, given Activision Blizzard's long-running penchant for sandbagging its guidance. 2020 consensus implies 15% growth next year.That said, the rally of late seems to have incorporated that good news. Even backing out net cash, ATVI stock trades at over 21 times forward earnings. The average Street target price is $56.21, less than 1% above Monday's close of $55.78.And the re-launch of old products might help 2019 and 2020 numbers -- but they don't do much for 2021 and beyond. This still is a company that needs a hit. It hasn't really had one this entire decade (depending on how an investor feels about "Overwatch"). The company can only go for so long milking existing franchises and cutting costs, as it did with layoffs earlier this year.Esports often is cited as a catalyst, but this is a company with a $42 billion market cap. "Overwatch" franchise fee costs of $50 million don't necessarily move the needle all that much. Activision Blizzard, and Activision Blizzard stock, need another big-time game. At least at the moment, there doesn't appear to be one on the horizon. The Case for ATVI StockTo be sure, it's possible that the existing base is enough, or close. Activision Blizzard can keep repurchasing shares. Esports will help. The re-launches should as well. Investors still look reasonably bullish on video games.But investors at the moment should also heed the lesson of rival Electronic Arts (NASDAQ:EA). EA stock saw a big rally earlier this year when "Apex Legends" opened big. But the initial buzz faded, and so did Electronic Arts stock. It's down about 7% from those levels in roughly seven months, during which time the broad market has gained and Take-Two Interactive (NASDAQ:TTWO) has bounced some 40%.And it's worth noting that, backing out its cash, EA stock trades at less than 17 times 2020 consensus EPS, a large discount to ATVI stock. It wouldn't be stunning to see a similar story play out with Activision Blizzard stock. Fading "World of Warcraft Classic" numbers remove the catalyst from the stock. Forward multiples compress below 20 times. And ATVI heads back below $50. That's probably not enough for a short case -- but it's certainly enough to be careful after the rally of the past few weeks.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Beware the Rally in Activision Blizzard Stock appeared first on InvestorPlace.
- American City Business Journals
More details revealed for EA's potential move to Creative Village
EA's potential move to Creative Village may spur construction of a five-story office building, Orlando Business Journal has learned. Redwood City, California-based video game giant Electronic Arts Inc. — whose Orlando-based EA Tiburon Inc. is the largest video game studio in Florida — reportedly is nearing a deal to move to downtown Orlando's Creative Village. The company (Nasdaq: EA) wants roughly 170,000 square feet of space as it leaves its Maitland offices.
- American City Business Journals
Why EA's move may be a 'good thing' for Orlando's office market
EA's potential move to Creative Village may benefit more than just downtown Orlando. Redwood City, California-based video game giant Electronic Arts Inc. — whose Orlando-based EA Tiburon Inc. is the largest video game studio in Florida — reportedly is nearing a deal to move from its Maitland office to downtown Orlando's Creative Village.
- InvestorPlace
Is Activision Blizzard Stock Set to Rally 16% to $65?
Shares of Activision Blizzard (NASDAQ:ATVI) have been slowly but surely making a comeback. Activision Blizzard stock is up 20% so far in 2019, thanks in large part to the near-24% rally it's experienced over the past month.Source: NPS_87 / Shutterstock.com That said, the stock is still well off its highs. For instance, ATVI stock is still down 30% over the past 12 months. Is now the time to buy Activision stock, while it's regaining some bullish momentum but it's still well below its former highs?According to several analysts, the answer may be yes. But no one is expecting ATVI to return to its 52-week high near $85, at least not yet.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Why Activision Blizzard Stock Can Reach $65September has been a busy month for the analysts who cover ATVI. On Sept. 4, BMO Capital Markets gave the shares a buy-equivalent rating and assigned a $60 price target to ATVI stock. * 7 Momentum Stocks to Buy On the Dip Since then, ATVI stock has received three more buy-equivalent ratings, all with $65 price targets. From current levels, that implies about a 16% gain by Activision Blizzard stock. While $65 is still a long way from the all-time high, a 16% rally is nothing to scoff at.Stifel, which issued one of the three recent bullish calls on Activision Blizzard stock, cited improving fundamentals in 2020 and easy comparisons next year. The company's upcoming BlizzCon event and the launch of its new Call of Duty game this fall could also be positive catalysts for ATVI stock. The firm added Activision Blizzard stock to its Select list.Also upgrading ATVI this month was Nomura, which assigned a "buy" rating and a $64 price target. The firm argued that Activision's recently launched World of Warcraft Classic game has "strong, above-average engagement" metrics. And like Stifel, Nomura believes the BlizzCon event can be a positive catalyst for ATVI stock. Valuing ATVI StockATVI has definitely had a tough 2019, and Activision Blizzard stock has paid the price. Analysts' average estimate calls for the company's revenue to sink 12.7% this year and for its earnings to drop nearly 16%. Ouch.But now Activision Blizzard stock is starting to gain some momentum among both investors and analystsThat's partly because we're coming into a seasonally strong time of the year. Video-game companies benefit from the holiday blitz, particularly when the economy is doing well.It also helps that there's only a few months left in 2019. As Stifel noted, the easier year-over-year comparisons in 2020 should help spark more optimism towards Activision Blizzard stock.For 2020, average estimates call for a roughly 10% rebound in sales and a 15.5% recovery in earnings. Analysts, on average, still expect the company's 2020 results to come in below its 2018 numbers, but a rebound is at least a step in the right direction. If ATVI builds on the momentum it's expected to have in 2020, Activision Blizzard stock could reach new highs. Trading Activision Stock Click to EnlargeActivision Blizzard stock has easily outperformed its closest peers over the past month, as it's jumped almost 24% during that time. That compares to the roughly 6% rally by Electronic Arts (NASDAQ:EA) and the approximately 2% decline by Take-Two Interactive (NASDAQ:TTWO) over the same period.However, going back further, the story has been different. For instance, all three names are up similar amounts so far in 2019. ATVI is up 20%, while EA and TTWO are up 26% and 25%, respectively. Over the past year though, ATVI's 30% decline is far worse than the 12% decline by EA and the 3% fall by TTWO.Activision Blizzard stock made an important move last month, pushing through $50 and rising into the mid-$50s. It's now consolidating between $55 and $57, as bulls try to work up the energy to push the shares even higher.Can they do it?Near $57 -- the top of the recent consolidation zone -- is the 61.8% retracement of the one-year range. If Activision Blizzard stock is able to push through that level, the 50% retracement at $62.26 is the next upward target. By reaching that level, ATVI stock would also fill the gap from all the way back in November.If ATVI stock can push through that zone, then the recently popular price target of $65 will be on the table.If the 61.8% retracement level act becomes resistance to Activision Blizzard stock, ATVI could drop. If that happens, look to see if the 20-day moving average can lift the name. Bulls desperately want to see ATVI stock stay above the $50 mark now, though.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 * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Is Activision Blizzard Stock Set to Rally 16% to $65? appeared first on InvestorPlace.
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Take-Two's (TTWO) Borderlands 3 Launch Boosts Gaming Lineup
Take-Two (TTWO) is expected to benefit from portfolio strength with the launch of Borderlands 3 despite intensifying competition.
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Electronic Arts Expands Portfolio With the Release of NHL 20
Electronic Arts (EA) is expected to benefit from portfolio strength with the release of NHL 20 despite intensifying competition.
- American City Business Journals
EA reportedly nearing deal to move its Central Florida office
Redwood City, California-based video game giant Electronic Arts Inc. — whose Orlando-based EA Tiburon Inc. is the largest video game studio in Florida — is nearing a deal to move from its 128,000-square-foot Maitland office to downtown Orlando's Creative Village, sources told Orlando Business Journal. Aaron Gray — executive vice president with JLL who represents EA in the negotiations — declined to comment. In addition, representatives with EA and Creative Village could not be reached for comment.
- InvestorPlace
Why Activision Blizzard Stock Is Finally Rebounding
In retrospect, the recent rally of Activision Blizzard (NASDAQ:ATVI) stock shouldn't be the least bit surprising. Activision Blizzard stock struggled last year, but the selloff of Activision Blizzard stock was much greater than the proverbial crime ATVI had committed. A rebound was largely inevitable, particularly once analysts got on board.Source: NPS_87 / Shutterstock.com Although ATVI stock is now overbought and ripe for a little bit of profit-taking, a new, bullish outlook has been established that replaces the older, pessimistic one.In other words, analysts' upgrades and price target hikes are good reasons to put Activision Blizzard stock back on your radar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Excessive Punishment of ATVI StockJust a little over a year ago, video-game publisher Activision Blizzard could seemingly do no wrong. In 2018, ATVI stock reached what would eventually be a record high, and it had proven to be one of the top trades of 2017 and 2018.Then it all unraveled. A combination of lackluster demand for its newest Call of Duty entry, the strength of the hit online game Fortnite, a poor holiday-season outlook and the fact that its World of Warcraft game wouldn't be revised in 2019 all contributed to a tumble of more than 50% by Activision Blizzard stock.Other, more philosophical blunders were also made, such as failing to keep a finger on the pulse of how gamers are buying their titles and what sort of games they want.It all made Activision Blizzard stock an easy target for short sellers and bearish analysts. Indeed, the surprisingly poor numbers and the ensuing downgrades caused ATVI stock and the shares of its rivals, Electronic Arts (NASDAQ:EA) and Take-Two Interactive Software (NASDAQ:TTWO), to drop sharply.Now the opposite scenario appears to be unfolding. What They Said and What It Means"Going forward, ATVI should benefit from lapsed players coming back to games like Call of Duty or Overwatch as excitement around Fortnite cools," wrote BMO Capital's Gerrick Johnson in the note accompanying his upgrade of Activision Blizzard stock. Gerrick goes on to say, "Also, the idea that Fortnite exposed a new generation of gamers (including many females) to the shooter genre could be an added tailwind for ATVI."Also bullish on ATVI stock recently was Instinet analyst Andrew Marok. He upgraded ATVI stock from "Neutral" to "Buy,",contending that the recent "launch of World of Warcraft Classic has driven strong, above-expectations engagement in the franchise."Stephens analyst Jeff Cohen just upgraded Activision Blizzard stock as well, pointing out the potential of its upcoming Call of Duty title and saying "We believe 2019 numbers are now de-risked due to the successful launch of World of Warcraft Classic and the announcement of a Nintendo Switch port for Overwatch."The common themes are crystal-clear.The real underpinnings for more gains by Activision Blizzard stock, however, transcend the words. Look at the bigger picture, and specifically, the timing and speed at which that picture is improving. It's all falling into place at the same time for ATVI, and that provides a powerful, positive, upward push.Johnson even acknowledged as much, noting to investors "we are increasing the valuation multiple (on Activision Blizzard stock ) to 20x from 17x. As investors get more comfortable with the turnaround story and as new catalysts develop, we believe the company's valuation multiple will expand." The Bottom Line on Activision Blizzard StockActivision Blizzard isn't just the beneficiary of improving sentiment, to be clear. ATVI has thought a great about the business of designing and then selling video games.It knows it has to push its way deeper into eSports. It also knows it has to respect and even fear the rise of mobile gaming and independently-developed titles. It knows the days of disc-based and cartridge-based sales are numbered, and that they will be replaced by digital downloads, which opens the door to all sorts of competition.It's addressing those challenges though. For example, it's ramping up its eSports efforts, leveraging Overwatch. The company has tapped ratings agency Nielsen Holdings (NYSE:NLSN) to measure the fiscal benefit of sponsoring eSports events, which is a hint of a growing monetization push.Still, more than anything else, Activision Blizzard stock is compelling again, mostly because investors are starting to believe in it again.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Why Activision Blizzard Stock Is Finally Rebounding appeared first on InvestorPlace.
- Business Wire
EA SPORTSTM NHL® 20 Now Available Worldwide on PlayStation®4 and Xbox One
EA SPORTS™ NHL® 20 is now available worldwide on PlayStation®4 and Xbox One, giving fans more ways to unlock their skill, style and competition. “This is definitely the best feeling and playing EA SPORTS NHL hockey experience in the franchise,” said Sean Ramjagsingh, Executive Producer of NHL® 20. In addition, Signature Shots replicate the most recognizable shot styles of the biggest NHL stars, including P.K. Subban’s booming slapshot wind-up, Auston Matthews’s half toe-drag wrist shot and Alex Ovechkin’s seamless one-timer.
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Activision Blizzard's Call of Duty: Modern Warfare Now in Beta
Beta of Activision Blizzard's (ATVI) upcoming Call of Duty: Modern Warfare game is now available exclusively for PlayStation 4 users.
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Apple Prices Arcade Aggressively: Should Gaming Players Worry?
Apple's (AAPL) subscription-based gaming platform, Apple Arcade, holds the potential to disrupt the video game space.
- InvestorPlace
3 Big Stock Charts for Friday: Electronic Arts, Centurylink and Wynn Resorts
The market didn't end yesterday's session at its high, but the 0.29% gain the S&P 500 was able to hang onto still translates into the third-straight winner. The Dow Jones Industrial Average logged its seventh consecutive win, with both indices still buoyed by renewed hopes that trade ties with China are on the verge of improving.Source: Shutterstock Overstock.com (NASDAQ:OSTK) led the charge with its 17% advance. Shares of the e-commerce platform continued the rally spurred by an upgrade from D.A. Davidson tendered earlier this week. Advanced Micro Devices (NASDAQ:AMD) offered up a meaningful helping hand too, gaining 1.5% because it's one of the more pronounced beneficiaries of a more accommodating trade environment.Holding the market back more than any other was Oracle (NYSE:ORCL), down 4.3% in response to last quarter's lackluster revenue growth, which was underscored by the announcement that Co-CEO Mark Hurd will be taking medical leave to attend to an unnamed health-related matter.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Big IPO Stocks From 2019 to Watch None of those names are particularly well-suited trading prospects headed into today's action, however. Instead, take a look at the stock charts of Electronic Arts (NASDAQ:EA), Centurylink (NYSE:CTL) and Wynn Resorts (NASDAQ:WYNN). Here's why. Centurylink (CTL)A little over a month ago, Centurylink was featured as a noteworthy name thanks to a repeated effort to break past a major technical ceiling. Although not yet over that hump, a string of higher lows and improving technical support suggested such a move was only a matter of time.That happened, in spades. In fact, the sheer speed of the breakout was enough to push CTL stock beyond another major technical barrier. Although now overextended and ripe for some profit-taking, the entire sequence of events says the path of least resistance is now upward. * Click to EnlargeThe ceiling at $12.43, plotted in blue on the daily chart, was the technical ceiling in question. Centurylink peaked there twice in July, but didn't flinch at that level earlier this week. * The strength of the move carried CTL stock past the 200-day moving average line as well, marked in white on both stock charts. The whole move also unfurled on above average volume. * Although ripe for a pushback, the fact that the 20-day moving average line is now above the purple 50-day line, and the fact that the 50-day line is above the 100-day moving average line is telling. Any stumble should be short-lived. Wynn Resorts (WYNN)After a rough 2018, a choppy 2019 is a relative win for Wynn Resorts. Technical support around $103, marked as a red dashed line on both stock charts, gets much of the credit for escaping would could have turned out to be a move to lower lows.There may still be trouble ahead, however, despite the bullishness we've seen so far this month. WYNN stock is already slowing as it nears what's known to be major resistance, and another clue says the damage has already been done. * 10 Battered Tech Stocks to Buy Now * Click to EnlargeThe resistance line in question is the convergence of the purple 50-day moving average line and the white 200-day moving average. Wynn Resorts shares only had to get near them on Thursday to start peeling back. * Simultaneously, the 50-day moving average line has now crossed back under the 200-day moving average. This so-called "death cross" is a hint that the bigger-picture undertow is bearish despite the recent gains. * Even if the rally isn't quelled here, there's another impending ceiling. The yellow dashed line that connects the key peaks going back to the early 2018 high could still stop the advance. Electronic Arts (EA)Finally, the implosion Electronic Arts shares suffered last year hasn't persisted into this year. In fact, EA stock looks like it's been trying to stage a full recovery of that meltdown.It hasn't done that yet, and may never actually do so. There are several major clues that suggest that rebound is more likely than not though. And, the chart has drawn some clear lines in the sand that will make clear if and when the stock moves into full-breakout mode. * Click to EnlargeThe most important line in the sand is the line that connects the lower highs seen since February's peak, plotted in yellow on both stock charts. This week's lull makes clear traders are hesitant to push past it. * Nevertheless, the convergence of all the key moving averages since June is bullish in and of itself. Better still, we're close to seeing a renewed bullish cross where the purple 50-day line moves above the 200-day moving average. * It's also not likely to be a mere coincidence that the area standing in the way of more upside lies right around a Fibonacci retracement line near $103. Moving above it should also be catalytic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Big Stock Charts for Friday: Electronic Arts, Centurylink and Wynn Resorts appeared first on InvestorPlace.
- American City Business Journals
Help wanted: These top Orlando tech firms have 1,500+ open jobs
There are more than 1,500 open positions at Central Florida's largest technology companies, including high-paying jobs such as electrical engineer and software developer.
- Zacks
Disney Rumored to Offload FoxNext Ahead of Disney+ Launch
Disney (DIS) is planning to divest FoxNext as it is reluctant to re-enter the highly competitive mobile gaming market ahead of the Disney+ launch.
- InvestorPlace
Activision Blizzard Stock’s Rebound Will Run Out of Steam
Gaming stocks are finally showing a little life again. After a dreadful couple of quarters, the gaming names have started to recover from their worst levels. Activision Blizzard (NASDAQ:ATVI) stock, in particular, is back to the $56 range after reaching $40 earlier this year.Source: Lauren Elisabeth / Shutterstock.com Is the optimism justified? Some analysts and traders are excited to see Activision Blizzard stock benefiting from product launches and events that will build engagement with the company's audience. Other observers, however, see Activision as a floundering company that has not achieved much in the way of long-term strategic goals.Which of these viewpoints will play out for ATVI stock over the next year?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dueling AnalystsAnalysts have taken opposite stances on ATVI stock so far this month. Stifel just raised its price target for Activision Blizzard stock from $57 to $65 last week. It did this because the company had poor sales figures last year. This, in turn, sets up strong comparisons for Activision going forward. Stifel noted the upcoming release of the next "Call of Duty" game along with the BlizzCon event as positive catalysts to help give the ATVI stock price a boost.While Stifel sees a clear path of short-term upside for Activision Blizzard stock, Cowen's Doug Creutz disagrees. He says that potential BlizzCon buzz is already priced into ATVI stock, given the recent run in Activision's share price. Meanwhile, Creutz put a damper on the "World of Warcraft Classic" excitement, saying that the enthusiasm will be difficult to monetize. * 10 Battered Tech Stocks to Buy Now Creutz values ATVI stock at just $48 per share. That'd be 15% downside from the current share price. He says that while Activision has some interesting opportunities coming up, the company has a lot to prove, given its poor organic growth performance over the past decade. Is Activision's Long-Term Strategy Working?As Creutz noted, Activision Blizzard stock has not been a great long-term performer. That's in part because management hasn't fully adapted to today's changing gaming landscape. They have made some reasonable moves, such as acquiring the King studio for mobile gaming.Overall, however, it seems they are a little short in terms of innovation. With "Call of Duty," for example, how long will they keep going with the one release a year model that doesn't change up the formula too much? "Call of Duty" sales have been declining in recent years -- there's only so much you can get from a brand before people tire of it.More broadly, Activision still relies heavily on single-time game purchases, which goes against the grain. Investors want more subscription or downloadable content recurring revenue streams. It's achieved those more favorable revenue splits within the Blizzard and King divisions. Unfortunately, those are not where Activision's blockbuster new games are coming from, and within that category, rivals like "Fortnite" continue to outshine Activision's content. Activision Blizzard Stock ValuationOn the one hand, you can certainly defend Activision's financial performance in recent years. Revenues, for example, are up from $4.6 billion in 2013 to $7.1 billion in the most recent year. Even accounting for the King acquisition, Activision has certainly been able to expand its overall business. The company hasn't let the growth of the gaming industry completely pass it by. Rivals like EA (NASDAQ:EA) and Take-Two (NASDAQ:TTWO) have outperformed ATVI stock, however.Activision's skeptics, however, would note that annual operating income is only up from $1.5 billion to $2 billion over the same stretch. Ideally, you'd expect more of that revenue growth to filter down to the bottom line. That's because digital transactions, subscriptions and micro-transactions/DLC content were all supposed to boost profit margins. Yet, Activision hasn't seen margins really explode as it has scaled up.In any case, Activision Blizzard stock is currently trading for 26x trailing earnings. That's not cheap, particularly for a hit-centered business. As Activision moves more to recurring revenues, it should be able to sustain a higher valuation ratio. Still, 26x earnings is quite steep. Analysts have forward earnings at a consensus 22.5x, which is much more reasonable.But those forward earnings estimates, in turn, require upcoming game launches to deliver on expectations. InvestorPlace's Luke Lango makes a solid argument for how Activision could have a stellar 2020. However, management will have execute before the market is going to reward Activision Blizzard stock with a much higher share price. My Verdict on ATVI StockIf you bought Activision Blizzard stock in 2017 or 2018, you might be tempted to argue that ATVI stock is still cheap here. After all, it hit $85 last year, so $56 must be a deal, right?But I don't think it's that simple. Activision, and the rest of the gaming stocks, got wildly overvalued last year. The sector faced reality earlier this year, with ATVI stock bottoming at $40. Since then, shares have rebounded more than 30% off the lows. That's plenty of upside, given the company's uncertain operating performance. Don't let the discount to last year's share price fool you. At 26x earnings, Activision Blizzard stock still comes with plenty of risk.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. 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