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

Posted Sep 16th 2010 4:00PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Microsoft (MSFT), Apple Inc (AAPL), Hewlett-Packard (HPQ), Ford Motor (F), FedEx Corp (FDX), Research in Motion (RIMM), Oracle Corp (ORCL), Activision Inc (ATVI), S and P 500, DJIA, NASDAQ

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)

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Should You Take a Position in Take-Two?

Posted Sep 3rd 2010 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Electronic Arts (ERTS), Activision Inc (ATVI), Take-Two Interactive (TTWO)

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.

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THQ's Q1 Earnings: Not Impressive

Posted Aug 10th 2010 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Electronic Arts (ERTS), Activision Inc (ATVI), Technology, THQ Inc. (THQI)

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

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Activision Blizzard Down After Q2 Numbers

Posted Aug 6th 2010 3:20PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Activision Inc (ATVI), Technology

Activision Blizzard (ATVI) is under pressure this afternoon. At the time of this writing, a quote of $10.95 came by on the ticker. This was representative of a 6.8% decline in share price. And volume was very strong.

Second-quarter numbers were released yesterday after the bell. According to Reuters, adjusted net income of 6 cents per share came in a penny ahead of the estimate. Unfortunately, third-quarter guidance wasn't so hot: management predicts the business can make somewhere around 8 cents per share, also with adjustments, during that frame. This number was four pennies under Wall Street's expectations. Another problem for the publisher during the second quarter was the top line. It was relatively weak.

Continue reading Activision Blizzard Down After Q2 Numbers

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Activision Blizzard Up Ahead of StarCraft II Release

Posted Jul 26th 2010 3:30PM by Steven Mallas (RSS feed)
Filed under: Activision Inc (ATVI), Technology

Activision Blizzard (ATVI) has had a rocky ride over the last year. The following chart illustrates the sideways motion of the video-game superstar's stock. The 52-week range has been a narrow one: the low is $9.93, and the high is $13. Lately, the shares have received a new burst of energy after falling to the $10 level in May. At the time of this writing (it's a little over one hour until the market closes up shop), a quote of $12.02 went by on my screen.

A catalyst currently exists for the publisher. StarCraft II: Wings of Liberty is set to be released on Tuesday. This is the highly-anticipated game from the Blizzard portion of the company. And when I say highly-anticipated, I mean it.

Continue reading Activision Blizzard Up Ahead of StarCraft II Release

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Video Game Sales Continue Decline

Posted Jul 16th 2010 3:10PM by Derek and Damien Hoffman (RSS feed)
Filed under: Electronic Arts (ERTS), Activision Inc (ATVI), Nintendo (NTDOY), THQ Inc. (THQI), Take-Two Interactive (TTWO)

Video games are clearly one of the biggest multi-decade trends. Even Best Buy (BBY) has redesigned its floor plan to heavily focus on videogames, and also recently got into the used game business to compete with juggernaut GameStop (GME).

Despite the macro tailwinds, video games are a cyclical sector that depend on the lifecycle of a console as well as game release schedules. This year, the sector has particularly struggled as a result of weaker games and investor fears that mobile games will eat into demand for console games.

Continue reading Video Game Sales Continue Decline

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Three Undervalued Stocks to Buy

Posted Jul 13th 2010 5:30PM by Jeff Reeves (RSS feed)
Filed under: Activision Inc (ATVI), Stocks to Buy

It's becoming a bit of a broken record, but the refrain "another challenging month" does apply to the current market environment. There were a host of factors influencing stocks and keeping their value down in June. However,with careful selection investors can use the current volatility to make money. You see, there are plenty of fundamentally strong yet undervalued companies that the mainstream investment community hasn't picked up.

Which stocks fit the bill? Take a look at three undervalued stock buys to see:

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Take-Two Interactive: Buy or Sell?

Posted Jul 2nd 2010 3:20PM by Steven Mallas (RSS feed)
Filed under: Electronic Arts (ERTS), Activision Inc (ATVI), Technology, Take-Two Interactive (TTWO)

Take-Two Interactive (TTWO), whose competitors in the video-game industry include Activision Blizzard (ATVI) and Electronic Arts (ERTS), is doing good business with its Red Dead Redemption title. But is that enough to make you want to buy the stock?

According to the AP, the game sold 1.5 million copies in the month of May. That's relatively impressive, but it unfortunately did not meet the expectations of Michael Pachter, who is an analyst for Wedbush Morgan. He was thinking 1.8 million copies was doable. Even so, you have to hand it to management for a robust launch.

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Will New Video-Game Technology Help Microsoft?

Posted Jun 14th 2010 10:30AM by Steven Mallas (RSS feed)
Filed under: Microsoft (MSFT), Activision Inc (ATVI), Technology, Nintendo (NTDOY)

According to various reports, Microsoft (MSFT) should be announcing a new hands-free, motion sensing gaming controller called Kinect at the Electronic Entertainment Expo (abbreviated as E3). When thinking of motion controlled technology most of us would immediately think of Nintendo (NTDOY) Wii and its body-controlled technology, which is meant to capture some of the mindshare from the console favored by the casual player.

Is Microsoft's attempt too little too late? Will its motion-sensing help boost the prospects for the stock? I would definitely not buy shares of Microsoft based on this news. While it could indeed help the Xbox 360 sell more units in the short term once it eventually hits the market, I'm not certain it will have any long-term appeal. Plus, you don't invest in Microsoft solely for its video-game division.

Continue reading Will New Video-Game Technology Help Microsoft?

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Take-Two Interactive Bounces Back with Adjusted Q2 Profit

Posted Jun 8th 2010 5:30PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Electronic Arts (ERTS), Activision Inc (ATVI), Technology, Take-Two Interactive (TTWO)

Take Two Interactive TTWO logoTake-Two Interactive Software Inc. (TTWO), whose competitors include Activision Blizzard, Inc. (ATVI) and Electronic Arts, Inc. (ERTS), has traded in a narrow range over the last twelve months. The 52-week low on the stock is an even $7; the 52-week high is $12.57. The stock closed Tuesday's session at $10.52. After the bell, the video-game publisher reported results for the second quarter. Shareholders can be thankful that the bottom line experienced a significant improvement.

On an adjusted basis, the company made 34 cents per share from continuing operations versus a loss of 4 cents per share from continuing operations in the year-ago period. Net revenue jumped over 50%.

Continue reading Take-Two Interactive Bounces Back with Adjusted Q2 Profit

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Electronic Arts: Buy Now or Wait?

Posted Jun 8th 2010 9:00AM by Steven Mallas (RSS feed)
Filed under: Electronic Arts (ERTS), Activision Inc (ATVI)

It's a tough trading and investing environment out there. But you've got to hang equally as tough and start processing as many stocks that are at or near 52-week lows as you can. Sure, you might be early, but then again, who can predict with any certainty where the market is heading? I know I can't.

Electronic Arts (ERTS) is not my favorite video-game company. That honor goes to Activision Blizzard (ATVI). Nevertheless, here's something of note: it closed Monday's session at $15.36. This after hitting a new 52-week low of $15.34 during intraday activities. Volume was about average.

Continue reading Electronic Arts: Buy Now or Wait?

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Not the Time for Shanda Interactive?

Posted Jun 3rd 2010 3:30PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Internet, Electronic Arts (ERTS), Activision Inc (ATVI), Technology

I was wrong about Shanda Interactive (SNDA) back in December. The Chinese electronic media entity didn't do so well after I expressed a positive comment on the business. But what about now?

Well, according to TheFly, the company's adjusted Q1 net profit missed the analyst call. Shanda made 58 cents per American Depositary Share (ADS) versus an expectation of 65 cents per ADS. Pretty disappointing. As is the fact that the ADSs are not in the midst of a strong period. Right now, they're priced at roughly $43. The 52-week high is an even $65.

Continue reading Not the Time for Shanda Interactive?

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Be Careful When Buying Low

Posted May 25th 2010 5:40PM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), PepsiCo (PEP), McDonald's (MCD), Johnson and Johnson (JNJ), Activision Inc (ATVI)

I want to buy something today. I haven't yet, but I really just want to get in there and get something. Here's what's stopping me:

Uncertainty. Yes, the dreaded unknown, the beast that is lurking around the corner, the one that might look an awful lot like an angry ursine monster. The way the market is falling, I get the feeling we could be in for a rough summer. There's no way of knowing, of course; stocks could return to bull-mode status tomorrow. Seriously, though, does it honestly feel that way? I'd be shocked if anyone could proffer such a sentiment with unwavering truthfulness.

Continue reading Be Careful When Buying Low

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Electronic Arts in the Red: Is Stock a Value?

Posted May 12th 2010 3:00PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Electronic Arts (ERTS), Activision Inc (ATVI), Technology, THQ Inc. (THQI), Take-Two Interactive (TTWO)

Electronic Arts (ERTS), a video-game publisher that competes with Activision Blizzard (ATVI), THQ (THQI), and Take-Two Interactive (TTWO), is being sold off as I write this during the afternoon session. Shares of EA are down $1.16, or over 6%, to $17.64. Volume? It's up there.

As we all know, EA has had its share of problems in coping with the slowdown seen in the growth of the gaming console industry. In addition, internal challenges have plagued the company's business model. The one-year chart is not a convincing graphic; if anything, it tells you to stay away.

Continue reading Electronic Arts in the Red: Is Stock a Value?

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Should You Speculate on THQ?

Posted May 7th 2010 3:30PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Electronic Arts (ERTS), Activision Inc (ATVI), Technology, THQ Inc. (THQI)

THQ (THQI) has been an interesting stock. The video-game publisher continues to remain in the land of single-digit equities. It used to be a powerful investment vehicle several years ago, but now it unfortunately is an entity more prone to speculative analysis. Will it be taken over? Will a new hit emerge from its pipeline? Will the turnaround effort finally cause all the institutions on Wall Street to buy?

Over the last twelve months, the company has traded in a 52-week range between $4.12 and $9.03. The one-year chart illustrates the rocky road management has traveled in its efforts to get back on track. How does the stock look now that fiscal Q4 numbers have been released?

Continue reading Should You Speculate on THQ?

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