BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Video Games Do All Right in February: Which Stock Should an Investor Buy?]]>http://www.bloggingstocks.com/2011/03/11/video-games-do-all-right-in-february-which-stock-should-an-inve/http://www.bloggingstocks.com/2011/03/11/video-games-do-all-right-in-february-which-stock-should-an-inve/http://www.bloggingstocks.com/2011/03/11/video-games-do-all-right-in-february-which-stock-should-an-inve/#commentsFiled under: , ,

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?

Video Games Do All Right in February: Which Stock Should an Investor Buy? originally appeared on BloggingStocks on Fri, 11 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Activision BlizzardATVIElectronic ArtsERTSFeaturedinthenewsNintendoNTDOYTake-Two InteractiveTTWOvideogamesFri, 11 Mar 2011 17:30:00 EST<![CDATA[Closing Bell: Rallies Can't Last Forever (EGPT, CSCO, VZ, ATVI, WFMI)]]>http://www.bloggingstocks.com/2011/02/10/closing-bell-rallies-cant-last-forever-egpt-csco-vz-atvi/http://www.bloggingstocks.com/2011/02/10/closing-bell-rallies-cant-last-forever-egpt-csco-vz-atvi/http://www.bloggingstocks.com/2011/02/10/closing-bell-rallies-cant-last-forever-egpt-csco-vz-atvi/#commentsFiled under: , ,

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)

Closing Bell: Rallies Can't Last Forever (EGPT, CSCO, VZ, ATVI, WFMI) originally appeared on BloggingStocks on Thu, 10 Feb 2011 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ATVIEGPTVZWFMIThu, 10 Feb 2011 16:00:00 EST<![CDATA[Activision Blizzard: Buy the Dip?]]>http://www.bloggingstocks.com/2011/02/10/activision-blizzard-buy-the-dip/http://www.bloggingstocks.com/2011/02/10/activision-blizzard-buy-the-dip/http://www.bloggingstocks.com/2011/02/10/activision-blizzard-buy-the-dip/#commentsFiled under: , , ,

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?

Activision Blizzard: Buy the Dip? originally appeared on BloggingStocks on Thu, 10 Feb 2011 14:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardatviGuitar Herointhenewsrock bandvia.bviacomvideo gamesThu, 10 Feb 2011 14:00:00 EST<![CDATA[Take-Two Trades Up on Earnings News]]>http://www.bloggingstocks.com/2011/02/09/take-two-trades-up-on-earnings-news/http://www.bloggingstocks.com/2011/02/09/take-two-trades-up-on-earnings-news/http://www.bloggingstocks.com/2011/02/09/take-two-trades-up-on-earnings-news/#commentsFiled under: , , , ,

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

Take-Two Trades Up on Earnings News originally appeared on BloggingStocks on Wed, 09 Feb 2011 15:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardatvielectronic artsertsinthenewstake-two interactivettwovideo gamesWed, 09 Feb 2011 15:30:00 EST<![CDATA[Electronic Arts: How Does the Stock Look?]]>http://www.bloggingstocks.com/2011/01/24/electronic-arts-how-does-the-stock-look/http://www.bloggingstocks.com/2011/01/24/electronic-arts-how-does-the-stock-look/http://www.bloggingstocks.com/2011/01/24/electronic-arts-how-does-the-stock-look/#commentsFiled under: , , , ,

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?

Electronic Arts: How Does the Stock Look? originally appeared on BloggingStocks on Mon, 24 Jan 2011 16:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardatvielectronic artsertsnintendoNTDOYvideo gamesMon, 24 Jan 2011 16:40:00 EST<![CDATA[Is Take-Two a Trade?]]>http://www.bloggingstocks.com/2011/01/13/is-take-two-a-trade/http://www.bloggingstocks.com/2011/01/13/is-take-two-a-trade/http://www.bloggingstocks.com/2011/01/13/is-take-two-a-trade/#commentsFiled under: , , ,

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?

Is Take-Two a Trade? originally appeared on BloggingStocks on Thu, 13 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardatvitake-two interactivettwovideo gamesThu, 13 Jan 2011 17:00:00 EST<![CDATA[THQ: Is It Time to Buy or to Take Profits?]]>http://www.bloggingstocks.com/2011/01/06/thq-is-it-time-to-buy-or-to-take-profits/http://www.bloggingstocks.com/2011/01/06/thq-is-it-time-to-buy-or-to-take-profits/http://www.bloggingstocks.com/2011/01/06/thq-is-it-time-to-buy-or-to-take-profits/#commentsFiled under: , ,

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?

THQ: Is It Time to Buy or to Take Profits? originally appeared on BloggingStocks on Thu, 06 Jan 2011 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVIMATmattelTHQTHQIvideo gamesThu, 06 Jan 2011 17:30:00 EST<![CDATA[Activision Blizzard: Are the Bulls Right?]]>http://www.bloggingstocks.com/2010/12/23/activision-blizzard-are-the-bulls-right/http://www.bloggingstocks.com/2010/12/23/activision-blizzard-are-the-bulls-right/http://www.bloggingstocks.com/2010/12/23/activision-blizzard-are-the-bulls-right/#commentsFiled under: , ,

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?

Activision Blizzard: Are the Bulls Right? originally appeared on BloggingStocks on Thu, 23 Dec 2010 10:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVICall of Dutyfeaturedinthenewsvideo gamesThu, 23 Dec 2010 10:40:00 EST<![CDATA[Take-Two Has a Great Quarter: Should You Buy?]]>http://www.bloggingstocks.com/2010/12/17/take-two-has-a-great-quarter-should-you-buy/http://www.bloggingstocks.com/2010/12/17/take-two-has-a-great-quarter-should-you-buy/http://www.bloggingstocks.com/2010/12/17/take-two-has-a-great-quarter-should-you-buy/#commentsFiled under: , , , ,

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?

Take-Two Has a Great Quarter: Should You Buy? originally appeared on BloggingStocks on Fri, 17 Dec 2010 10:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVIelectronic artsERTSfeaturedinthenewsTake Tow EPSTake Two earningsTake Two guidanceTake Two salestake-two interactiveTTWOvideo gamesFri, 17 Dec 2010 10:00:00 EST<![CDATA[Closing Bell: Mixed Gains into Tax Vote (ATVI, AAPL, FONR, FCEL, S, TMO, DNEX)]]>http://www.bloggingstocks.com/2010/12/13/closing-bell-mixed-gains-into-tax-vote-atvi-aapl-fonr-fcel/http://www.bloggingstocks.com/2010/12/13/closing-bell-mixed-gains-into-tax-vote-atvi-aapl-fonr-fcel/http://www.bloggingstocks.com/2010/12/13/closing-bell-mixed-gains-into-tax-vote-atvi-aapl-fonr-fcel/#commentsFiled under: , ,

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)

Closing Bell: Mixed Gains into Tax Vote (ATVI, AAPL, FONR, FCEL, S, TMO, DNEX) originally appeared on BloggingStocks on Mon, 13 Dec 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ATVIDNEXFCELfeaturedFONRSTMOMon, 13 Dec 2010 16:00:00 EST<![CDATA[A Look at Three Stocks: ATVI, DWA, INTC]]>http://www.bloggingstocks.com/2010/11/12/a-look-at-three-stocks-atvi-dwa-intc/http://www.bloggingstocks.com/2010/11/12/a-look-at-three-stocks-atvi-dwa-intc/http://www.bloggingstocks.com/2010/11/12/a-look-at-three-stocks-atvi-dwa-intc/#commentsFiled under: , , ,

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

A Look at Three Stocks: ATVI, DWA, INTC originally appeared on BloggingStocks on Fri, 12 Nov 2010 15:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVIDreamworks AnimationDWAfeaturedINTCIntelinthenewsTHQTHQIFri, 12 Nov 2010 15:15:00 EST<![CDATA[Time to Check In on THQ]]>http://www.bloggingstocks.com/2010/11/08/time-to-check-in-on-thq/http://www.bloggingstocks.com/2010/11/08/time-to-check-in-on-thq/http://www.bloggingstocks.com/2010/11/08/time-to-check-in-on-thq/#commentsFiled under: , , , ,

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

Time to Check In on THQ originally appeared on BloggingStocks on Mon, 08 Nov 2010 15:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVICall of Duty: Black OpsgamestopGMETHQTHQIvideo gamesMon, 08 Nov 2010 15:30:00 EST<![CDATA[Activision Blizzard Down Following Third-Quarter Results]]>http://www.bloggingstocks.com/2010/11/05/activision-blizzard-down-following-third-quarter-results/http://www.bloggingstocks.com/2010/11/05/activision-blizzard-down-following-third-quarter-results/http://www.bloggingstocks.com/2010/11/05/activision-blizzard-down-following-third-quarter-results/#commentsFiled under: , ,

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 Down Following Third-Quarter Results originally appeared on BloggingStocks on Fri, 05 Nov 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>activision blizzardActivision Blizzard earningsActivision earningsatviCall of Dutyfeaturedinthenewsvideo gamesWorld of WarcraftFri, 05 Nov 2010 15:00:00 EST<![CDATA[Activision Blizzard Set to Report Earnings: Buy the Stock?]]>http://www.bloggingstocks.com/2010/11/03/activision-blizzard-set-to-report-earnings-buy-the-stock/http://www.bloggingstocks.com/2010/11/03/activision-blizzard-set-to-report-earnings-buy-the-stock/http://www.bloggingstocks.com/2010/11/03/activision-blizzard-set-to-report-earnings-buy-the-stock/#commentsFiled under: , , ,

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?

Activision Blizzard Set to Report Earnings: Buy the Stock? originally appeared on BloggingStocks on Wed, 03 Nov 2010 15:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVICall of Duty: Black Opsearnings previewinthenewsvideo gamesWed, 03 Nov 2010 15:00:00 EST<![CDATA[Video Game Industry Remains Challenged]]>http://www.bloggingstocks.com/2010/10/15/video-game-industry-remains-challenged/http://www.bloggingstocks.com/2010/10/15/video-game-industry-remains-challenged/http://www.bloggingstocks.com/2010/10/15/video-game-industry-remains-challenged/#commentsFiled under: , , , , ,

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

Video Game Industry Remains Challenged originally appeared on BloggingStocks on Fri, 15 Oct 2010 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVIelectronic artsERTSMicrosoftMSFTnintendoNTDOYPlaystation 3SNESonyvideo gamesWiixbox 360Fri, 15 Oct 2010 17:00:00 EST<![CDATA[Analyst Calls: AMSC, CBOE, ERTS, ESV, JCP, PDE, SMSI, TTWO, UAL, WFMI ...]]>http://www.bloggingstocks.com/2010/10/15/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/10/15/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/10/15/analyst-upgrades-downgrades/#commentsFiled under: , , , , , , ,

Analyst Upgrades

  • JPMorgan upgraded Smith Micro (SMSI) to overweight from neutral and raised its price target to $15 from $9, citing the release of a WiFi iPad with MiFi from Verizon and Apple.
  • Jefferies upgraded Whole Foods (WFMI) to buy from hold and raised its price target to $45 from $36, citing checks that indicate sales are accelerating and the company has been focused on expense control.
  • Wells Fargo upgraded Ensco (ESV) and raised its price target to $54 to $56 from $46 to $47, citing valuation, the lifted deepwater drilling ban and higher oil prices.
  • Gran Tierra Energy (GTE) was upgraded to buy from hold at Wunderlich, citing the company's Moqueta oil discovery as well as other near-term exploration opportunities, and raised its price target to $12.50 from $7.00.
  • Chico's FAS (CHS) was upgraded to buy from hold at KeyBanc and set a $13 price target.
  • UR-Energy (URE) was upgraded to buy from hold at KeyBanc.

Continue reading Analyst Calls: AMSC, CBOE, ERTS, ESV, JCP, PDE, SMSI, TTWO, UAL, WFMI ...

Analyst Calls: AMSC, CBOE, ERTS, ESV, JCP, PDE, SMSI, TTWO, UAL, WFMI ... originally appeared on BloggingStocks on Fri, 15 Oct 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ActivisionAMSCAnadysanalyst upgradesANDSATVIBIOCBOEChico FasCHSdowngradesElectronic ArtsEnescoERTSESVGTEinitiationsinthenewsJCPJCPenneyPDEQLGCQLogicSMSISNNTHQTHQITTWOUALUREWFMIWhole FoodsFri, 15 Oct 2010 12:00:00 EST<![CDATA[Activision Blizzard Trading Down]]>http://www.bloggingstocks.com/2010/09/16/activision-blizzard-trading-down/http://www.bloggingstocks.com/2010/09/16/activision-blizzard-trading-down/http://www.bloggingstocks.com/2010/09/16/activision-blizzard-trading-down/#commentsFiled under: ,

Activision Blizzard Inc. (ATVI) is trading down this afternoon. At the time of this writing, the video-game publisher behind the Call of Duty series was off by over 4% to $10.82. Volume was heavy.

That's an interesting move for the stock, because it may be an opportunity for very short-term traders who are willing to take on extremely significant risk. I haven't felt comfortable about an Activision Blizzard trade for a long time. I would love for the shares to dip below $10 at some point; then, I might have reason to start a position.

Continue reading Activision Blizzard Trading Down

Activision Blizzard Trading Down originally appeared on BloggingStocks on Thu, 16 Sep 2010 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>activision blizzardATVICall of DutyfeaturedGuitar Herointhenewsvideo gamesWorld of WarcraftThu, 16 Sep 2010 16:30:00 EST<![CDATA[Closing Bell: Housing and Prosperity Fade (FDX, F, ATVI, MSFT, RIMM, AAPL)]]>http://www.bloggingstocks.com/2010/09/16/closing-bell-housing-and-prosperity-fade-fdx-f-atvi-msft-r/http://www.bloggingstocks.com/2010/09/16/closing-bell-housing-and-prosperity-fade-fdx-f-atvi-msft-r/http://www.bloggingstocks.com/2010/09/16/closing-bell-housing-and-prosperity-fade-fdx-f-atvi-msft-r/#commentsFiled under: , , , , , , , , , , ,

Three pieces of information stood out today. The first is that one in seven people lived in poverty last year according the US Census. That is nearly 44 million people. The Census describes these people as members of four person families that make less than $22,000 a year.

Two other pieces of data that showed the economic dreams of many American is eroding were RealtyTrac reported foreclosures hit an all time high since the housing crisis began. In July the figure rose to 95,465. Also in the housing sector, Fannie Mae research reported that while a majority of Americans (67%) continue to believe that buying a home is a safe investment, this fell 16 points since 2003. The market may have gotten the impression from these pieces of news that the recession is not over.

Today's Closing Bell numbers:

Dow Jones 10,594.83 +22.10 (0.21%)
S&P 500 1,124.66 -0.41 (-0.04%)
Nasdaq 2,303.25 +1.93 (0.08%)

Continue reading Closing Bell: Housing and Prosperity Fade (FDX, F, ATVI, MSFT, RIMM, AAPL)

Closing Bell: Housing and Prosperity Fade (FDX, F, ATVI, MSFT, RIMM, AAPL) originally appeared on BloggingStocks on Thu, 16 Sep 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLATVIFFDXHPQMark HurdMSFTORCLpovertyRIMMweekly jobless claimsThu, 16 Sep 2010 16:00:00 EST<![CDATA[Should You Take a Position in Take-Two?]]>http://www.bloggingstocks.com/2010/09/03/take-two-earnings/http://www.bloggingstocks.com/2010/09/03/take-two-earnings/http://www.bloggingstocks.com/2010/09/03/take-two-earnings/#commentsFiled under: , , ,

Take-Two Interactive (TTWO), a video-game publisher that competes with Activision Blizzard (ATVI) and Electronic Arts (ERTS), saw a huge increase in its share price during Thursday and Friday's sessions. Can you believe the stock was bid to a quote of $10.04 -- a 13% gain?

I myself was impressed. Whenever a psychological level is reached (in this case, above $10 per share), you have to take notice. It may not be logical, of course, but that's how it is.

Continue reading Should You Take a Position in Take-Two?

Should You Take a Position in Take-Two? originally appeared on BloggingStocks on Fri, 03 Sep 2010 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>activision blizzardATVIelectronic artsERTSfeaturedinthenewsRed Dead Redemptiontake two earningstake-two interactiveTTWOvideo gamesFri, 03 Sep 2010 09:00:00 EST<![CDATA[THQ's Q1 Earnings: Not Impressive]]>http://www.bloggingstocks.com/2010/08/10/thqs-q1-not-impressive/http://www.bloggingstocks.com/2010/08/10/thqs-q1-not-impressive/http://www.bloggingstocks.com/2010/08/10/thqs-q1-not-impressive/#commentsFiled under: , , , ,

THQ (THQI), a video-game publisher that competes with Activision Blizzard (ATVI) and Electronic Arts (ERTS), isn't doing well. The stock's chart is pretty bad. I stated in a previous piece that the stock might possibly justify a little speculation for those who have funds earmarked for such investing purposes. Well, I have to say, I think the situation's speculative nature has increased.

Yesterday after the bell, the company reported it lost 21 cents per share on an adjusted basis during the fiscal first quarter. Last year at this time, a profit of 10 cents per share was recorded. Analysts were expecting a loss of 24 cents per share, according to TheFly.

Continue reading THQ's Q1 Earnings: Not Impressive

THQ's Q1 Earnings: Not Impressive originally appeared on BloggingStocks on Tue, 10 Aug 2010 09:00:00 EST. Please see our terms for use of feeds.

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