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Video Games Do All Right in February: Which Stock Should an Investor Buy?

So the video-game data report for February is out. According to InvestorPlace's survey of NPD figures, consoles systems saw a 10% increase in sales. Microsoft's (MSFT) Xbox 360 was particularly robust. The Nintendo (NTDOY) Wii didn't do badly, either.

As you might imagine, there were other companies mentioned in the article. Electronic Arts (ERTS) scored pretty well, as did Activision Blizzard (ATVI). In fact, the latter's latest Call of Duty entry is apparently still selling a bunch of copies in retail shelves even though the holiday season is long gone.

Continue reading Video Games Do All Right in February: Which Stock Should an Investor Buy?

Closing Bell: Rallies Can't Last Forever (EGPT, CSCO, VZ, ATVI, WFMI)

Stocks were gunning for what would have been a ninth day of a rally. What goes up must come down, though, eventually. Jobless claims were under 400,000 and at the lowest levels since summer of 2008. There were mixed reports that President Mubarek was stepping down, although a speech late in the day confirmed that he will just still not be running for office but will remain in charge for now.

Here were today's unofficial closing bell levels:

Dow Jones 12,229.29 -10.60 (-0.09%)
S&P 500 1,321.87 +0.99 (0.07%)
Nasdaq 2,790.45 +1.38 (0.05%)

Continue reading Closing Bell: Rallies Can't Last Forever (EGPT, CSCO, VZ, ATVI, WFMI)

Activision Blizzard: Buy the Dip?

Okay, this isn't an easy one. Activision Blizzard (ATVI) is, as I write this, down 9.8% to $10.54. The intraday low so far is $10.51. The 52-week low is $9.99; the 52-week high is $12.65. The volume number is huge, way above average. There's the price perspective; what about some fundamental news? Management released earnings results for the fourth quarter yesterday after the bell. They weren't bad, really: non-GAAP income increased four pennies to 53 cents per share. This was two pennies ahead of the estimate, according to Earnings.com. But there were a couple items in the report that made traders want to bolt.

Let's start with the big headline. You see, the Guitar Hero asset, a peripheral/software system once well-known as a game with high quantities of play value, is now more famous (then again, infamous might be the preferred term) for its crashing popularity. Execs at the publisher have decided that it is no longer in the interest of shareholder value to continue making titles. Hey, Viacom (VIA.B) is no longer interested in Rock Band, so this does make a bit of sense, right?

Continue reading Activision Blizzard: Buy the Dip?

Take-Two Trades Up on Earnings News

Take-Two Interactive Software, Inc. (TTWO) reported earnings for the fiscal third quarter yesterday after the bell. Today, the market expressed its pleasure with the results. In fact, a new 52-week high of $15.50 was set this session.

At the time of this writing, the quote going across my screen was $14.82, a price that was representative of a 2% gain. Volume conviction is definitely present. Looking at the one-year chart, it can be seen that the uptrend in the shares continues on following the making of a low point near the end of August.

Continue reading Take-Two Trades Up on Earnings News

Electronic Arts: How Does the Stock Look?

Electronic Arts Inc. (ERTS) received a downgrade today, according to TheFly. The company is now considered a hold by Brean Murray. What should investors make of this change?

Well, looking at it a little over an hour to go before the end of the day, it's notable that the stock is up 1.6% to $15.37 and that volume isn't overwhelming. Encouraging? Perhaps. Whenever there's a downgrade, shareholders usually must brace themselves for a sell-off. Thankfully, that didn't happen in this case.

Continue reading Electronic Arts: How Does the Stock Look?

Is Take-Two a Trade?

Last time I wrote about Take-Two Interactive (TTWO), I mentioned how the stock was getting interesting. I think the shares remain interesting, and I'm wondering if they could be a viable trade idea at this point.

This idea is not without significant risk. To begin with, the video-game industry still has its challenges: we're getting along in the current console cycle, and now, not a few gamers/investors are wondering when the next one will begin. Plus, Take-Two is arguably a candidate for profit-taking after its recent run-up (please see the chart). Management will issue its next quarterly report on February 8. Do you want to be in the stock ahead of this event? It's an important question to ask.

Continue reading Is Take-Two a Trade?

THQ: Is It Time to Buy or to Take Profits?

THQIDawn Kawamoto over at DailyFinance wrote an article discussing THQ Inc. (THQI). She brings into focus a licensing deal between the video-game publisher and Mattel, Inc. (MAT). There was also mention of the incredible price action in the stock. So, what are investors to make of the thesis? What about traders?

This is a tricky one. And I've been wrong about THQ's prospects before. It's certainly difficult to predict the movement of a stock that's priced in the single digits. At the time of this writing, the shares were trading at a quote of $6.26.

Continue reading THQ: Is It Time to Buy or to Take Profits?

Activision Blizzard: Are the Bulls Right?

I've written a lot about Blizzard (ATVI). It's a fun stock to watch. And the company is pretty fun, too. How can you not like the business behind both Call of Duty and Pitfall?

Those who've read my prior pieces on this subject probably know what I'm about to say in regard to the recent bullishness in the shares: Take profits now. Yes, the stock continues to scare me a bit. Well, maybe more than a bit. I know that the latest Call of Duty title is doing incredibly well at retail, but I also know that Guitar Hero is no longer on every teenager's Christmas wish list. Offsetting elements can be a problem, keep in mind.

Continue reading Activision Blizzard: Are the Bulls Right?

Take-Two Has a Great Quarter: Should You Buy?

Take-Two Interactive (TTWO), a video-game publisher whose competitors include Activision Blizzard (ATVI) and Electronic Arts (ERTS), reported excellent results for its latest quarter Thursday after the bell. The numbers sent the stock higher in the extended-hours session: Shares gained over 6%, rising to $12.68. Is it time to buy?

Take-Two is getting interesting, I have to admit. I was bearish on the company back in July. Now, the recent price action and the strong stats have got me looking quite seriously at the bull case.

Continue reading Take-Two Has a Great Quarter: Should You Buy?

Closing Bell: Mixed Gains into Tax Vote (ATVI, AAPL, FONR, FCEL, S, TMO, DNEX)

There was more focus this Monday, it seemed, on China's growth and attention on the tax vote than other issues. Ahead of tomorrow's FOMC meeting, we briefly had 10-year Treasury Notes at the highest yields since June. The FOMC was reportedly looking for $110 billion in Treasury purchases over the next month.

Here were today's unofficial closing bell levels:

Dow Jones 11,428.49 +18.17 (0.16%)
S&P 500 1,240.49 +0.09 (0.01%)
Nasdaq 2,624.91 -12.63 (-0.48%)

Top Analyst Calls

Continue reading Closing Bell: Mixed Gains into Tax Vote (ATVI, AAPL, FONR, FCEL, S, TMO, DNEX)

A Look at Three Stocks: ATVI, DWA, INTC

There are always interesting stories in the marketplace. Today, I'm going to briefly comment on the price movements of three that I am watching.

Activision Blizzard (ATVI) is currently down 3% to $11.52, with significant volume backing the sell-off. Down, is that right, you ask? Yes, I'm afraid it is. I know: Call of Duty: Black Ops is doing excellent business. Millions of copies have been sold, and hundreds of millions of dollars have been grossed. Unfortunately, when it comes to trading on such news, the best bet is to sell out on any anticipatory rise that manifests itself before the event finally occurs.

Continue reading A Look at Three Stocks: ATVI, DWA, INTC

Time to Check In on THQ

THQ Inc. (THQI) reported earnings for the fiscal second quarter last week. How does the stock look after the numbers?

Well, to begin with, we're dealing with an equity that is priced in the single digits. At the time of this writing, shares were exchanging hands for $4.14. The 52-week low is $3.33 while the 52-week high is $8.29. As can be seen from the chart, the stock has basically collapsed since peaking back in April. If you look at the corporate press release detailing the Q2 data, you may understand what all the bearishness is about. On a non-GAAP basis, the loss per share widened to 60 cents compared to a loss of 37 cents in the year-ago period. Also, the top line experienced a decline.

Continue reading Time to Check In on THQ

Activision Blizzard Down Following Third-Quarter Results

Activision Blizzard (ATVI) logoActivision Blizzard (ATVI) was, at the time of this writing, off by 3% to a quote of $11.28. Strong volume accompanied the dip. It's a shame, because the latest earnings report wasn't all that bad.

According to the Associated Press, adjusted income of 12 cents per share was three pennies ahead of the consensus estimate. The top line, after taking into account some items, also beat projections. Furthermore, management raised its outlook for the full fiscal year.

Continue reading Activision Blizzard Down Following Third-Quarter Results

Activision Blizzard Set to Report Earnings: Buy the Stock?

Activision Blizzard (ATVI) will be issuing its third-quarter earnings release on Thursday, November 4. How should investors view the stock?

Right now, I'm not so positive on the shares. They were trading at a quote of $11.39 at the time of this writing. The 52-week low for the shares is $9.93; the 52-week high is $12.58. The chart shows an up-down pattern that probably doesn't inspire a lot of confidence in investors. You get the feeling that putting capital to work in this name will inevitably lead to a dead-money situation.

Continue reading Activision Blizzard Set to Report Earnings: Buy the Stock?

Video Game Industry Remains Challenged

You want to invest in video game companies, right? I do. It's a fun sector. And there's such theoretical potential for growth (assuming compelling titles are produced that can compete with casual online offerings and can command a decent price premium).

But you're nervous. I know I am. We've been hearing how the industry isn't necessarily doing as well as it had been. And with the latest sales report, we have further confirmation that caution may be the best strategy for investors when it comes to dealing with ideas like Activision Blizzard Inc. (ATVI) and Electronic Arts Inc. (ERTS).

Continue reading Video Game Industry Remains Challenged

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Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 11:56 PM

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