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A late-quarter look at interactive/videogame names from Truist Securities finds the firm still bullish on the group, even though some outperformance since last earnings has brought the names closer to historical average vs. the S&P 500. Overall the group of Electronic Arts (EA), Take-Two ...
The sheer magnitude of the shareholder value destruction that has taken place at Meta since the beginning of the year is both tragic and historic at the same time. The social media giant had more than $430 billion shaved off its market cap and is currently trading at a 51% discount on...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech stocks have been somewhat on the outs lately. Nasdaq’s (NASDAQ: QQQ ) bear market hid the extent of the selloff in 2022. Companies with a mega capitalization in the trillions of dollars have a bigger ...
Videogame sales slid to a 27-month low in May, marking its biggest pullback in months after a period relatively devoid of new releases. May's overall sales tumbled 19% to $3.68 billion from a year-ago $4.522 billion, according to NPD Group - with broad declines, but a particularly heavy drop ...
Wells Fargo says it is time to close out reopening trades and focus on the new landscape of a slowing economy. The rise in the 2-year Treasury yield (SHY) above 3% was the catalyst for a hard economic landing to become the base case, senior equity analyst Chris Harvey wrote in a note Tuesday....
Netflix (NASDAQ:NFLX) is pulling in some accounting help. The company disclosed in a filing that it's named Ken Barker as its chief accounting officer effective June 27. He's taking over that chief accountant role from Spencer Neumann, who will remain Netflix's (NFLX) chief financial officer ...
Electronic Arts Inc. (NASDAQ:EA) slipped 1.1% in early trading after MoffettNathanson downgraded the American video game company to neutral after just four weeks ago they upgraded the stock with a Buy rating. MoffettNathanson announced: “We’re downgrading EA from Buy t...
Ubisoft Entertainment is one of the leading global video game developers and publishers. The global gaming industry is expected to grow at approximately 8% CAGR until 2024, reaching >$200 billion in market size. Ubisoft stock appears very attractive at below $50/share, as the c...
Are These The Best Gaming Stocks To Buy In The Stock Market For 2022? Gaming stocks have been gaining traction among investors in the stock market over the past few years. Whether we like it or not, the gaming industry is one of the fastest-growing sectors within the entertainme...
J.P. Morgan analyst David Karnovsky on Thursday put a new overweight rating on videogame publisher Take-Two Interactive due in part to the company strengthening its position in the mobile game market following its acquisition of Zynga. Karnovsky said he set his new rating, and $175-a-share pr...
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2.2 Million Unique Players Have Chased College Greatness In EA SPORTS™ College Football 25 During its Early Access Availability Electronic Arts Inc. (NASDAQ: EA) today released EA SPORTS™ College Football 25 worldwide, marking EA SPORTS™ official return to c...
EA SPORTS FC™ 25 Introduces New Gameplay Innovations with Rush, an All-New 5v5 Social Experience; Overhaul of Tactical Foundations Through FC IQ; Women’s Football and Real-World Live Start Points* in Career and More Electronic Arts Inc. (NASDAQ: EA) today revealed the next...