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Energy leading the Dow’s 2-day decline, YF Premium is bullish on Electronic Arts

Yahoo Finance’s Jared Blikre joins Adam Shapiro to break down the day’s price action in stocks as well as a long in Electronic Arts (EA), a Yahoo Finance Premium Investment Idea.

Video Transcript

ADAM SHAPIRO: Let's bring in Jared Blikre with a little bit on this and how you can use the yahoofinance.com platform to make heads or tails of all of this. Jared.

JARED BLIKRE: We got a sell-off underway. All 11 sectors in the red. Leading the way down is energy and materials. I'm looking at the NASDAQ 100 heat map, and we got a lot of red on the screen, but not a lot of dark red. That means the losses are just a little bit mild here. As far as a FANG stocks go, nothing down more than 1%. Then looking at the sector action, here we see staples communication services and health care and tech all outperforming, but all in the red.

Well, here is our Yahoo Finance Premium Investment idea of the day, and that is Electronic Arts. And we have a fundamental report by Argus Research we're going to look at. Well, you can see it's up 10% year to date. And they see 30% upside with a long-term price target of $161. And just some of their reasoning here. They're reaffirming their buy after fiscal second quarter results and saying, while the pandemic has negatively impacted many businesses in 2020,--

--It has been a boon for EA, driving strong broad-based engagement with their games and live services, including our estimates imply average EPS growth over 12% over the next two years in line with our five-year earnings growth rate forecast. You can get a free trial of Yahoo Finance Premium at our website for 14 days.