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Chinese tech giant Tencent (OTC: TCEHY) generates most of its revenue from its home market. But in recent years it's expanded overseas to reduce its dependence on China, where its social media and gaming businesses face tougher censorship and playtime restrictions, respectively. One of thos...
This article is part of a series that provides an ongoing analysis of the changes made to Ariel Investments’ 13F stock portfolio on a quarterly basis. It is based on Ariel Investments’ regulatory 13F Form filed on 05/14/2020. John Rogers’ 13F portfolio value decreased ~3...
As the impacts of the global crisis continue to become clear, the stocks of many industries and sectors have been re-rated to reflect the direness of the situation. Retailers, in particular, have been hard hit, as reflected by the increasing number of bankruptcies from companies like J.Crew an...
Videogame sales leapt again in May, marking its third straight month of strong year-over-year gains paced by the stay-and-play crowd. More news on: Nintendo Co., Ltd., Microsoft Corporation, Activision Blizzard, Inc., Tech stocks news, Top stock market news, Stocks on the move, News on ETF...
Nobody expected video game retailer GameStop (NYSE: GME) to report good results in the first quarter. Caught amid the low-sales tail end of a console cycle, the slow death of brick-and-mortar retail stores , and the COVID-19 pandemic, sales and earnings were always going to fall. But the fi...
One industry that's thrived during stay-at-home orders is video games and esports. As consumers follow government lockdowns around the globe, there is surging interest in activities that can provide entertainment and social interactions from the comfort of one's home. But it's not just COVID-i...
This article is part of a series that provides an ongoing analysis of the changes made to Jeffrey Ubben’s 13F stock portfolio on a quarterly basis. It is based on Ubben’s regulatory 13F Form filed on 05/15/2020. Please visit our Tracking Jeffrey Ubben’s ValueAct Portfol...
Videogame sales surged higher for the second straight month of year-over-year gains - marking a new April record in the process, as consumers responded to widespread lockdowns by staying in and playing. More news on: Nintendo Co., Ltd., Turtle Beach Corporation, Activision Blizzard, Inc., ...
Eight years after entering the video game publishing market, Amazon (NASDAQ: AMZN) is launching its first major video game, Crucible , Wednesday. In the free-to-play team shooter game, which takes a page from Fortnite, players choose from ten different h...
GameStop (NYSE: GME) business was hurting even before the COVID-19 outbreak, so a pandemic bursting on the scene that closed all nonessential retail should have brought it to its knees, if not killed it off. While the conventional wisdom says the migration of video game play to digital and ...