TTWO - Take-Two Interactive Software, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
-0.03 (-0.02%)
At close: 4:00PM EDT
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Previous Close130.59
Bid0.00 x 1100
Ask0.00 x 1100
Day's Range129.37 - 132.00
52 Week Range84.41 - 139.91
Avg. Volume1,440,326
Market Cap14.777B
Beta (3Y Monthly)0.69
PE Ratio (TTM)48.45
EPS (TTM)2.69
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est136.33
Trade prices are not sourced from all markets
  • Count on These 3 Video Game Stocks for Superb Gains

    Count on These 3 Video Game Stocks for Superb Gains

    This is an opportune moment to grab video game stocks as new releases this fall could be game changers in boosting revenues.

  • Take Two Interactive to Launch NBA 2K20 Global Championship

    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.

  • Business Wire

    Take-Two Interactive Software, Inc. Announces Results of Annual Meeting of Stockholders

    Take-Two Interactive Software, Inc. announced the results of the stockholder vote at its Annual Meeting of Stockholders held today.

  • Beware the Rally in Activision Blizzard Stock

    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 / 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.

  • Is Activision Blizzard Stock Set to Rally 16% to $65?

    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 / 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.

  • Business Wire

    2K Announces Inaugural NBA® 2K20 Global Championship

    Today, 2K is excited to announce it is partnering with the National Basketball Association (NBA), National Basketball Players Association (NBPA), and ESL, the world’s largest eSports company, to create the NBA 2K20 Global Championship. Featuring more than $100,000 in prizes, the NBA 2K20 Global Championship is a new competitive tournament designed for aspiring NBA 2K20 players worldwide.

  • Take-Two's (TTWO) Borderlands 3 Launch Boosts Gaming Lineup

    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.

  • Electronic Arts Expands Portfolio With the Release of NHL 20

    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.

  • Why Activision Blizzard Stock Is Finally Rebounding

    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 / 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, 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.

  • Activision Blizzard's Call of Duty: Modern Warfare Now in Beta

    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.

  • Borderlands® 3 is Now Available Worldwide!
    Business Wire

    Borderlands® 3 is Now Available Worldwide!

    Today, 2K and Gearbox Software are proud to announce that Borderlands® 3, the next installment in the award-winning, genre-defining shooter-looter series, is now available worldwide on PlayStation® 4, Xbox One, and PC via the Epic Games Store. “There is something special about seeing an idea start and watching that idea go through multiple people who each contribute their effort and their talent to make the idea a reality,” wrote Borderlands 3 Creative Director Paul Sage in an open letter to fans published earlier today. Early critics agree, Borderlands is back and better than ever.

  • Activision Blizzard Stock’s Rebound Will Run Out of Steam

    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 / 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. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Activision Blizzard Stock's Rebound Will Run Out of Steam appeared first on InvestorPlace.

  • Wall Street Edges Higher Wednesday

    Wall Street Edges Higher Wednesday

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  • Business Wire

    Take-Two Interactive Software, Inc. to Webcast Annual Meeting of Stockholders

    Take-Two Interactive Software, Inc. (TTWO) today announced that the Company will provide a live listen-only webcast of its Annual Meeting of Stockholders to be held on Wednesday, September 18, 2019 at 9:00 a.m. Eastern Time. The webcast will be available via the Internet by visiting Only the audio portion of the Annual Meeting will be webcast, and participation in the webcast does not constitute meeting attendance.

  • 2K Announces Global Partnership for WWE® 2K20 with The Leukemia & Lymphoma Society®
    Business Wire

    2K Announces Global Partnership for WWE® 2K20 with The Leukemia & Lymphoma Society®

    2K announced today that the Company will partner with The Leukemia & Lymphoma Society® (LLS) as part of its WWE® 2K20 global marketing campaign, to support breakthrough blood cancer research to advance lifesaving treatments and critical support for patients and their families. The partnership aligns with 2K’s selection of WWE 2K20 cover Superstar and leukemia survivor Roman Reigns™, while delivering a groundbreaking new platform for awareness, education and support.

  • Shareholders Are Raving About How The Take-Two Interactive Software (NASDAQ:TTWO) Share Price Increased 471%
    Simply Wall St.

    Shareholders Are Raving About How The Take-Two Interactive Software (NASDAQ:TTWO) Share Price Increased 471%

    We think all investors should try to buy and hold high quality multi-year winners. And highest quality companies can...

  • 7 Best Stocks That Crushed It This Earnings Season

    7 Best Stocks That Crushed It This Earnings Season

    Second=quarter earnings season has come and gone, leaving investors with a mixed bag of results.From a headline perspective, 75% of companies topped profit expectations -- above the five year average profit "beat rate." But only 56% of companies topped revenue expectations -- below the five year average revenue "beat rate." Meanwhile, the revenue growth rate was just 4% -- the slowest reading since mid-2016 -- while the earnings growth rate was negative, marking the first time since early 2016 that the S&P 500 reported back-to-back quarters of negative earnings growth.In other words, it wasn't a great earnings season.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut some stocks did have a great earnings season. That is, some stock bucked the broader "mixed bag" trend and instead reported blowout Q2 numbers which propelled their stocks meaningfully higher.Which stocks crushed it this earnings season? And will they stay in rally mode for the foreseeable future? * 7 Industrial Stocks to Buy for a Strong U.S. Economy Let's answer those questions by taking a deeper look at 7 of the best stocks that absolutely crushed it this earnings season -- all of which are up 15% or more since they reported earnings -- and seeing whether or not these hot stocks can sustain their post-earnings momentum. Roku (ROKU)Source: Michael Vi / % Gain Since Earnings Report: 55%Streaming device maker Roku (NASDAQ:ROKU) reported Q2 numbers in early August that smashed expectations on all important metrics, including revenues, profits, active accounts, average revenue per account and margins. The report also comprised sequential revenue growth acceleration, broad margin improvements and sustained robust account growth, as well as a strong guide which implied that all of this positive growth momentum will persist for the next few quarters.ROKU stock shot higher in response. It hasn't slowed since. In the month since the earnings report, ROKU stock has risen a jaw-dropping 55%.This rally seems overextended in the near-term based on valuation and technical concerns. But the long-term growth narrative here is compelling, as Roku is transforming into the cable box of the secular growth streaming TV market. In the long run, that position will translate into tons of ad and subscription-sharing revenue dollars, all of which will be high margin and translate into big profits.Net net, ROKU stock seems overextended in the near term, but has tons of potential to zoom higher in the long run. Pinterest (PINS)Source: Nopparat Khokthong / % Gain Since Earnings Report: 20%Freshly public social media company Pinterest (NYSE:PINS) reported Q2 numbers in early August that topped every metric that mattered. Monthly active users topped expectations. Average revenue per user did, too. As did overall revenues and profits. Management also hiked its full-year 2019 revenue and EBITDA guides and sounded an optimistic tone on the conference call with respect to future user growth.PINS stock soared in response. It has largely maintained those gains ever since, and about a month later, the stock is up 20% from its pre-earnings price. * 10 Stocks to Buy for September PINS stock should stay in rally mode for the foreseeable future. The valuation is ostensibly rich at 20-times trailing sales, but this is a really big social media company with a wide reach and unique value prop that is in the very early stages of monetizing its 300 million user and growing platform. Thus, the trailing valuation will naturally be rich because that trailing sales base is growing very, very quickly -- 62% revenue growth last quarter. This big growth will persist for a lot longer, and as it does, PINS stock will more than grow into its rich valuation and head significantly higher in the long run. Take-Two Interactive (TTWO)Source: Thomas Pajot / % Gain Since Earnings Report: 15%When it comes to video game stocks, the most important operational metric is bookings, because it is the most indicative of the underlying healthy of the company's business and gaming portfolio. With that in mind, it should make sense that after video game publisher Take-Two Interactive (NASDAQ:TTWO) reported a big bookings beat in its second quarter earnings report about a month go and also hiked its full-year bookings guidance, TTWO stock popped.TTWO stock has added to those gains ever since and today trades 15% above its pre-Q2 earnings price.This big rally in TTWO stock should persist for the next 12-plus months. Take-Two is supported by arguably the most robust content portfolio in the gaming world, headlined by franchises such as Grand Theft Auto, Red Dead Redemption and NBA2K. Consequently, even as the video game market has slumped in 2019, Take-Two has been just fine because Grand Theft Auto Online and Red Dead Online have maintained huge playing audiences.In 2020, Take-Two will do even better, mostly because the company will still have its robust content portfolio and because the video game industry backdrop will dramatically improve with the launch of new cloud gaming platforms and next-gen gaming consoles. All this new hardware innovation in 2020 will supercharge the entire video game market and create a rising tide that will lift all boats, most of all the boat that's at the head of the pack (TTWO stock). Micron (MU)Source: Charles Knowles / % Gain Since Earnings Report: 36%Depressed chip-maker Micron (NASDAQ:MU) reported Q2 numbers in late June that had "things are about to get a whole lot better" written all over them. It was a double-beat report, but more importantly, management sounded an optimistic tone on the call with respect to inventory reduction and improved NAND and DRAM pricing trends going forward.MU stock popped in response to those favorable numbers and comments. In the two-plus months since, more evidence has emerged which broadly implies that the worst of the NAND and DRAM market correction is in the rear-view mirror. Consequently, MU stock has stayed in rally mode and is up 36% since its earnings report.This big rally has more runway left. At the end of the day, as goes the DRAM and NAND pricing environment, so goes Micron's profits and so goes MU stock. Right now, there's a lot of data out there which points to the idea that the DRAM and NAND pricing environments are improving, including inventory reductions at Micron, stabilizing demand in Asia and reinvigorated data-center demand. If these improvements persist, then Micron's earnings will bottom soon and start to creep higher within the next 2 to 4 quarters. * Porsche Taycan: Do We Finally Have a "Tesla Killer"? Through that whole earnings bottoming process, MU stock should head materially higher. Target (TGT)Source: Robert Gregory Griffeth / % Gain Since Earnings Report: 25%Consumer discretionary stocks had a decent Q2 earnings season, but one consumer discretionary stock which had a monster Q2 earnings season was big box discount retailer Target (NYSE:TGT). In mid-August, Target reported Q2 numbers that were nothing short of spectacular -- big comparable sales growth which topped expectations, above-consensus revenue growth, gross profit margin expansion for the first time in three years, a huge profit beat and a big lift to the full-year profit guide.TGT stock exploded higher in response to the earnings smasher. It has stayed on a winning path ever since. Today, the stock trades 25% above its pre-Q2 earnings price.Although valuation is now a bigger concern that it has been in recent memory, Target stock should be able to run higher for the foreseeable future, driven by continued favorable operating results. Long story short, this company is on fire because they've figured out their omni-channel game and are now everywhere the consumer wants them to be with things line, buy-online, drive-up, fast delivery, etc. Consumers are warming up to all these options, and as they continue to do so in a healthy labor market, they will continue to spend big at Target.That means comps and profit trends will remain favorable for the foreseeable future. As they do remain favorable, TGT stock should remain on a winning path. Weibo (WB)Source: testing / % Gain Since Earnings Report: 20%China stocks didn't have the best Q2 earnings season, but one China stock that did do very well in Q2 was Chinese social blogging platform Weibo (NASDAQ:WB), whose Q2 numbers comprised the exact thing investors needed to see -- stabilization. For the past several quarters, Weibo has suffered from rapidly slowing revenue growth and falling margins. In Q2, revenue growth and margins started to stabilize, and the guide implied that this stabilization will continue into next quarter.As such, the Weibo growth narrative is going from "slowing" to "stabilizing," and this pivot has pushed WB stock up 20% since the company announced Q2 earnings. * 7 Industrial Stocks to Buy for a Strong U.S. Economy So long as trade war headwinds remain relatively muted -- granted, a big "if" -- then WB stock should head significantly higher from here. Not only are this company's core operational trends starting to stabilize, but those trends could potentially improve in a big way if the company's new Oasis platform gains critical traction. Such improvement could mark the beginning of a huge reversal in WB stock, which has dropped from $140 to $40 over the past 18 months. Shopify (SHOP)Source: BalkansCat / % Gain Since Earnings Report: 20%One stock that crushed it this earnings season, much like it has crushed it every earnings season over the past few years, is e-commerce solutions provider Shopify (NYSE:SHOP). In early August, Shopify reported a clean beat-and-raise second quarter earnings report that comprised 50%-plus gross merchandise value growth and healthy year-over-year profit margin expansion.Investors cheered the sustained top-line momentum and continued margin progress to the tune of a big post-earnings rally. SHOP stock has tacked onto those gains ever since. Since early August, the stock is up more than 20%.This is nothing new for Shopify stock. Thanks to secular growth tailwinds underpinning a more decentralized and direct approach to the global retail sales model, Shopify's e-commerce tools have seen robust adoption over the past several years. During that stretch, Shopify has rattled off big growth quarter after big growth quarter, while margins have moved higher with increased scale. Also during stock, SHOP stock has taken off like a rocket shop. Over the past 3 years, SHOP stock is up 800%.Those secular growth trends remain alive and well today and will continue to support robust and widespread adoption of Shopify's solutions for the foreseeable future. As such, this growth narrative is still in its first few innings. Over the next several years, Shopify will report many more big growth and big margin expansion quarters -- and the sum of all those quarters will ultimately push SHOP stock markedly higher.As of this writing, Luke Lango was long SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 7 Best Stocks That Crushed It This Earnings Season appeared first on InvestorPlace.

  • Business Wire

    Welcome to the Next: NBA® 2K20 Now Available Worldwide

    Today, 2K is proud to announce that NBA® 2K20, the next iteration of the top-selling and top-rated NBA video game simulation series, is now available worldwide. With the release, NBA 2K20 continues to redefine what’s possible in sports gaming, featuring best-in-class graphics and gameplay, groundbreaking game modes, and unparalleled player control and customization. In addition, with its immersive open-world Neighborhood, NBA 2K20 is a platform for gamers and ballers to come together and create what’s next in basketball culture.

  • Why Is Take-Two (TTWO) Up 5.7% Since Last Earnings Report?

    Why Is Take-Two (TTWO) Up 5.7% Since Last Earnings Report?

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  • Is Electronic Arts Stock Set to Rip 11% From Here?

    Is Electronic Arts Stock Set to Rip 11% From Here?

    The video game stocks are trying to stabilize, and in some cases, they have. Take-Two Interactive Software (NASDAQ:TTWO) has been in a steady march higher for months now, despite the volatility in the overall market. Can Electronic Arts (NASDAQ:EA) get there too? Investors in EA stock are hoping so, particularly with the recent developments on the charts.Source: ricochet64 / While EA is not approaching new highs like Take-Two, it is starting to put together a solid base and pushing over a few key levels. Its recent performance is about in-line with Activision Blizzard (NASDAQ:ATVI), with both stocks up about 5% over the past month.However, over the past three months, EA stock is up less than 2%, compared to ATVI's 20% rally. Throw in the ~24% rally by TTWO in the same time, and EA has vastly underperformed its peers. The question is will it change?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Valuing EA StockEA is operating in its fiscal 2020 year, just like TTWO. Analysts expect 8% earnings growth this year, followed by an acceleration to 10.2% growth in fiscal 2021. On the sales front, estimates call for 4.8% growth this year and 6.6% growth in 2021. All four estimates top the expectations for TTWO, with the exception being revenue growth in fiscal 2020. TTWO estimates call for 30 basis points of stronger growth, with estimates standing at 5.1%. * 10 Companies Using AI to Grow At 20 times this year's estimates, EA stock isn't screamingly cheap. But with the share price down over $57 from the highs (or about 38%), the risk/reward has changed. Let's dig deeper.With current assets of $5.8 billion and current liabilities of just $1.65 billion, EA can easily meet all of its short-term obligations. Total assets of $9.75 billion are nearly triple the total liabilities of $3.26 billion. Again, this signals that EA's balance sheet is far from a risky proposition. Among its peers, EA has the best quick ratio, signaling a strong balance sheet.Where it loses some points though is free cash flow (FCF). The company has $1.45 billion in trailing FCF, lagging ATVI but trumping TTWO. However, TTWO has rapid FCF growth, while EA's growth is stagnant with FCF up just 3% over the last three years. ATVI has the worst growth of the bunch (a 2% decline over the past year and a 22% fall over the past three), although its $1.74 trailing FCF total is the largest sum.When it comes to price-to-FCF, EA stock is in the middle of the pack at 19.6. TTWO stands at 16.6 and ATVI at 22.5. Trading Electronic Arts StockAbove is a short-term daily chart and below is a longer term weekly chart. Both highlight the situation happening with EA stock price.As you can see above, Electronic Arts stock has been trapped in a tough downtrend channel (blue lines). However, the $88 level has held steady as support and the stock recently reclaimed all of its major moving averages. That's good news for bulls. But what would be even better news is a move over channel resistance.However, if it can eclipse this level, higher prices may be in store. That includes the July high near $103.50, as well as range resistance near $105. The latter can be seen on the chart below.Also working against the stock right now? The 50-week moving average. So again, if EA stock can make a move over these downtrend marks, a solid rally can take hold. If it can push to range resistance near $105, it will represent a gain of $11 per share, or a gain of almost 12%. * 7 Tech Industry Dividend Stocks for Growth and Income If it gets there, it may have to contend with the declining 200-week moving average as well. Unless it decisively pushes through, I would expect this area to act as resistance on the initial test.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 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post Is Electronic Arts Stock Set to Rip 11% From Here? appeared first on InvestorPlace.

  • Why Have ATVI Shares Risen 6% Today?
    Market Realist

    Why Have ATVI Shares Risen 6% Today?

    Currently, Activision Blizzard (ATVI) stock is trading at $51.24. The stock is 30% above its 52-week low and 39% below its 52-week high.

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    Ancestors: The Humankind Odyssey, is the debut title from Panache Digital Games, the independent development studio co-founded in 2014 by Patrice Désilets, the original creative director behind Assassin’s Creed. In the game, players relive the early stages of human evolution millions of years ago, battling a harsh and brutal world to ensure the future of their lineage.

  • Hasbro (HAS) Outruns Peers and S&P 500, Surges 42% YTD

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  • Business Wire

    Take-Two Interactive Software, Inc. to Present at Goldman Sachs Communacopia Conference

    Take-Two Interactive Software, Inc. (TTWO) today announced that Strauss Zelnick, the Company’s Chairman and Chief Executive Officer, plans to present at the Goldman Sachs Communacopia Conference in New York City. The Company’s presentation is scheduled for Thursday, September 19, 2019 at 9:40 a.m. Eastern Time. A link to the live webcast of the presentation will be available via the Company’s website at

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    How Does Fortnite Make Money: Online Gaming, eSports

    Fortnite is the most popular battle royale game worldwide, and generates huge revenues even though it is offered for free by developer, Epic Games.