• Better Buy: Activision Blizzard vs. NVIDIA
    Motley Fool

    Better Buy: Activision Blizzard vs. NVIDIA

    Activision Blizzard (NASDAQ: ATVI) and NVIDIA (NASDAQ: NVDA) are pillars of the video game industry. Meanwhile, many of the millions of PC gamers are using NVIDIA's graphics cards, and the company claims to serve more than 200 million gamers with its GeForce family of graphics processing units (GPUs) and is the market share leader in the discrete GPU market. With more people at home since March, Activision Blizzard reported high engagement levels across most of its games.

  • NetEase Officially Applies for Secondary Listing in Hong Kong
    Motley Fool

    NetEase Officially Applies for Secondary Listing in Hong Kong

    NetEase (NASDAQ: NTES), the Chinese gaming company, has confirmed it's pursuing a secondary listing on the Hong Kong Stock Exchange. In a Securities and Exchange Commission filing, NetEase announced that it has filed a listing application with the Hong Kong Stock exchange. The Nasdaq exchange will remain the company's primary listing venue.

  • What Made Glu Mobile Stock Spike Higher Today
    Motley Fool

    What Made Glu Mobile Stock Spike Higher Today

    Shares of mobile-gaming company Glu Mobile (NASDAQ: GLUU) spiked higher on Friday, after the company provided an unscheduled upbeat update for its current quarterly results. Today's movement for Glu Mobile stock continues an upward trend for 2020. The update especially excited investors, considering Glu Mobile didn't set expectations this high in the first quarter.

  • China’s JD.com, NetEase Win Hong Kong Approval for Listings

    China’s JD.com, NetEase Win Hong Kong Approval for Listings

    (Bloomberg) -- JD.com Inc. and NetEase Inc. have won approvals to forge ahead with their Hong Kong share sales that could raise billions of dollars, as political turmoil leaves the city’s status as an international finance center clouded in uncertainty.Hong Kong Exchanges & Clearing Ltd. approved the secondary listing applications by the U.S.-listed Chinese tech companies, according to people familiar with the matter, asking not to be identified discussing private matters. Online gaming firm NetEase filed a preliminary prospectus with the exchange later on Friday, a confirmation that it has received the official green light.NetEase plans to list in Hong Kong on June 11, while China’s No. 2 online retailer JD aims to debut on June 18, Bloomberg News has reported. JD’s stock sale could raise at least $2 billion to help the e-commerce firm shore up its position in an increasingly competitive home market.Representatives for Hong Kong’s stock exchange, JD and NetEase declined to comment.Escalating tensions between Washington and Beijing are increasing risks for Chinese companies like JD and NetEase who seek to broaden their investor base. U.S. capital markets are becoming frosty toward Chinese firms, and fears over the impact of national security legislation set to be imposed on Hong Kong, including the resumption of protests in the city, have sent the local market into convulsions.What Hong Kong Losing Its ‘Special Status’ Would Mean: QuickTakeThe twin debuts would follow Alibaba Group Holding Ltd.’s $13 billion Hong Kong stock sale last year, hailed as a homecoming for Chinese companies and a win for Hong Kong stock exchange, which lost many of the largest tech corporations to U.S. bourses because it didn’t allow dual-class share voting at the time -- a requirement that’s since been relaxed.Shares in U.S.-listed Chinese companies have see-sawed since senators overwhelmingly approved legislation on May 20 that could bar the country’s firms from American exchanges. The decision cast a pall of uncertainty over hundreds of billions of dollars of shares in some of the world’s best-known companies.(Adds NetEase filing in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 3 Cheap Stocks Under $20 to Buy Now for Coronavirus Reopenings

    3 Cheap Stocks Under $20 to Buy Now for Coronavirus Reopenings

    Let's look at three 'cheap' stocks trading under $20 a share that investors might want to buy as the market's reopening rally grows...

  • Business Wire

    Glu Mobile Provides Second Quarter 2020 Business Update

    Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today provided an update on its operating and expected financial performance for the second quarter ended June 30, 2020.

  • 3 Tech Growth Stocks to Consider

    3 Tech Growth Stocks to Consider

    They improved their quarterly top and bottom lines recently Continue reading...

  • Barrons.com

    Electronic Arts and NFL Renew Madden Rights Deal. Why the Stock Is Falling.

    Electronic Arts produces the popular Madden NFL series of videogames. One analyst said the news is positive but necessary, given EA’s reliance on sports franchises to drive annual results.

  • Here is How Hedge Funds Trading Caesars Entertainment Corp (CZR)
    Insider Monkey

    Here is How Hedge Funds Trading Caesars Entertainment Corp (CZR)

    In this article we will take a look at whether hedge funds think Caesars Entertainment Corp (NASDAQ:CZR) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]

  • KeyBanc Bullish On Glu Mobile, Raises Estimates For Mobile Game Maker

    KeyBanc Bullish On Glu Mobile, Raises Estimates For Mobile Game Maker

    Glu Mobile Inc. (NASDAQ: GLUU) updated its recent guidance to reflect positive trends in engagement and monetization that have continued since early May.This reaffirms confidence in the company's position in the growing mobile games industry, according to KeyBanc Capital Markets.The Glu Mobile Analyst Tyler Parker maintained an Overweight rating on Glu Mobile with a $10 price target. The Glu Mobile Thesis Glu Mobile has witnessed broad-based strength across its live services portfolio, with record quarters expected from Design Home and Covet Fashion as well as positive trends in other games, Parker said in a Thursday note. (See his track record here.)Glu Mobile raised the bookings guidance for the current quarter from between $150 million and $155 million to between $162.5 million and $167.5 million.For the full year, the guidance was raised from between $490 million and $500 million to between $502.5 million to $512.5 million.The full-year guidance has been raised only to reflect the higher projections for the second quarter, the analyst said. While the company may witness a return to more normalized levels of engagement and monetization as stay-at-home restrictions ease, there seems to be upside to the implied expectations for the second half of the year, he said. Parker raised KeyBanc's adjusted EBITDA estimates for fiscal 2020 and 2021 from $53.9 million to $63.2 million and from $79.2 million to $84.2 million, respectively.GLUU Price Action Shares of Glu Mobile were trading 11.46% higher to $9.68 at the time of publication Friday. Photo by Glu Mobile via Wikimedia. Latest Ratings for GLUU DateFirmActionFromTo May 2020Morgan StanleyDowngradesOverweightEqual-Weight May 2020BenchmarkMaintainsBuy Apr 2020Stephens & Co.DowngradesEqual-WeightUnderweight View More Analyst Ratings for GLUU View the Latest Analyst Ratings See more from Benzinga * Ally Should Recover With Broader Economy, Morgan Stanley Says In Upgrade Note * KeyBanc Upgrades Qualcomm On Potential Benefit From HiSilicon Ban * BofA Raises Micron's Price Target Following Upbeat Guidance Update(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 3 Great Stocks Trading Under $10
    Motley Fool

    3 Great Stocks Trading Under $10

    A company's stock price is one of the many factors that go into determining its value -- and a small price doesn't always mean a small company. Many investors love small stocks because they tend to have smaller market caps and more room to grow. The first pick is Celsius Holdings (NASDAQ: CELH), a rapidly growing fitness drink producer.

  • Flowserve (FLS) Declines 46.1% YTD: What's Affecting It?

    Flowserve (FLS) Declines 46.1% YTD: What's Affecting It?

    Flowserve (FLS) suffers from a soft demand environment, rising expenses and several other issues.

  • Reuters

    U.S. judge orders 15 banks to face big investors' currency rigging lawsuit

    A U.S. judge on Thursday said institutional investors, including BlackRock Inc and Allianz SE's Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to rig currency benchmarks from 2003 to 2013 and profit at their expense. "This is an injury of the type the antitrust laws were intended to prevent," Schofield wrote in a 40-page decision.

  • Electronic Arts Signs Multiyear 'Madden NFL' Extension

    Electronic Arts Signs Multiyear 'Madden NFL' Extension

    Electronic Arts Inc. (NASDAQ: EA) has signed a "multi-year" renewal of the simulation sports title "Madden NFL."The agreement has ensured the NFL and NFL Players Association would not open up the simulation license to other game publishers. EA will continue to hold the contract and carry the exclusive ability to "manufacture, market and distribute NFL-themed realistic action simulation video games."While the renewal was technically up for a vote on Thursday, EA confirmed all parties had agreed to the terms ahead of time. However, financial terms were not revealed. An NFL representative confirmed the new deal will run for six years "starting today," which will push the exclusivity contract through May 2026.According to MMQB's Albert Breer, the deal includes a possible one-year extension depending on if EA can hit certain revenue targets.> Per source, NFL owners just voted to approve an extension of their deal with Electronic Arts. This one will run through the 2025 season (and through 2026 if revenue markers are hit). > So when it comes to that kind of game, it'll be Madden for a while.> > -- Albert Breer (@AlbertBreer) May 28, 2020New Contract Comes At Important TimeThe NFL's past deal was scheduled to expire in 2022, and rival Take-Two Interactive Software Inc. (NASDAQ: TTWO) revealed in March it will partner with the NFL to produce a series of "non-simulation" games. While EA will hold exclusive NFL representation in-game, Take-Two could introduce a dose of competition that hasn't existed in a while. The last football title Take-Two released was "All Pro Football 2K8" in 2007.With EA's agreement only applying to simulation games, other types of experiences like arcade-style games are open to anyone.Despite the competition, EA's new deal has helped the company. Shares rose 3.4% to $121.35, the company's highest since August 2018."The expansion of this partnership is not only about the continued success of the Madden NFL franchise but also the creation of new avenues for our fans to connect with the sport they love," NFL Commissioner Roger Goodell told Polygon.Photo by Sean Do on UnsplashSee more from Benzinga * 'Call Of Duty: Modern Warfare' Is The Best-Selling Game Of 2020 So Far * Take-Two Interactive Benefits From 'Industry Tailwinds,' Analyst Says After Q4 Report * Electronic Arts Analysts See Stay-At-Home Strength, Possible Game Delays After Q4 Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Business Wire

    Activision Blizzard to Hold Virtual Annual Meeting of Stockholders

    Activision Blizzard, Inc. (NASDAQ: ATVI) announced today that, due to ongoing public health concerns related to the COVID-19 pandemic, it has changed the format of its 2020 annual meeting of stockholders (the "Annual Meeting") from a physical in-person meeting to a virtual meeting format. The Annual Meeting will be convened as originally planned on June 11, 2020 at 9:00 a.m., Pacific Time and immediately adjourned to a virtual-only meeting via live audio webcast.

  • Thomson Reuters StreetEvents

    Edited Transcript of TTWO earnings conference call or presentation 20-May-20 8:30pm GMT

    Q4 2020 Take-Two Interactive Software Inc Earnings Call

  • Electronic Arts, the NFL and the NFLPA Announce a Groundbreaking Multi-Year Global Partnership
    Business Wire

    Electronic Arts, the NFL and the NFLPA Announce a Groundbreaking Multi-Year Global Partnership

    Today, Electronic Arts (NASDAQ: EA), the National Football League (NFL) and the NFL Players Association (NFLPA) announced a multi-year renewal to their partnership, marking the biggest and widest-reaching gaming agreement in NFL history. Under the partnership, the EA SPORTS™ Madden NFL franchise will exclusively create authentic football simulation games, and EA SPORTS, the NFL and the NFLPA will partner to develop games in new genres, expanded esports programs, and additional experiences for fans across more platforms.

  • Reuters

    EA to retain Madden NFL rights in renewed deal

    Electronic Arts Inc renewed its licensing agreement with the National Football League (NFL) on Thursday, which will continue to give the videogame publisher exclusive rights to publish the league's simulation games, including hit franchise "Madden NFL". Under the multi-year agreement, EA will partner with NFL and the labor organization representing the NFL players to develop games in new genres, including arcade, and expand on platforms like mobile. The company did not disclose financial details and exact length of the agreement, which was first signed in late 2004, giving EA the right to use NFL teams and players in its simulation football videogames.

  • Zynga Is a Bulldog: Stock Could Double From Here

    Zynga Is a Bulldog: Stock Could Double From Here

    A caller during Wednesday's Lightning Round segment of Mad Money was interested in Zynga Inc. . In the daily bar chart of ZNGA, below, we can see that prices traded sideways around $6.25 for several months before starting a rally phase in late March. Trading volume has been more active since the beginning of the year but the On-Balance-Volume (OBV) line is not showing much in the way of aggressive buying.

  • Apex Legends Season 5 Off to the Best Start of Any Season to Date
    Business Wire

    Apex Legends Season 5 Off to the Best Start of Any Season to Date

    Respawn Entertainment, a studio of Electronic Arts Inc. (NASDAQ:EA), today announced that Apex Legends Season 5 - Fortune’s Favor has quickly become the best start of any season to date. More new players are coming into the game and along with returning fans, it has driven the highest player retention for a season launch, with players playing for longer periods of time per day than ever before.

  • 3 Stocks That Could Double Your Money
    Motley Fool

    3 Stocks That Could Double Your Money

    One growth stock that could double your money over the next five years is the low-code software provider Appian (NASDAQ: APPN). Two other promising stocks are leaders in the growing video game industry, Take-Two Interactive (NASDAQ: TTWO) and Glu Mobile (NASDAQ: GLUU). Investors should consider buying shares of Appian.

  • Benzinga

    Recap: Momo Q1 Earnings

    Shares of Momo (NASDAQ:MOMO) fell 3% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 72.58% year over year to $0.17, which missed the estimate of $0.43.Revenue of $507,582,000 declined by 8.50% year over year, which beat the estimate of $493,940,000.Looking Ahead Momo hasn't issued any earnings guidance for the time being.Q2 revenue expected to be between $543,400,000 and $557,700,000.Details Of The Call Date: May 28, 2020View more earnings on MOMOTime: 08:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/gjn8idekPrice Action Company's 52-week high was at $40.87Company's 52-week low was at $19.08Price action over last quarter: down 7.68%Company Profile Momo Inc provides mobile-based social networking services. The firm enables its users to establish and expand social relationships based on location and interests. Its platform includes Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers and platform partners. It also operates a stand-alone video application called Hani, which features the live video content on its core Momo mobile application. The company principally derives its revenue from live video service, value-added services, mobile marketing services, mobile games and other services. It operates in three segments: Momo' service lines, Tantan's service lines, and QOOL's service line out of which Momo' service lines segment derives majority revenue.See more from Benzinga * Recap: Steven Madden Q1 Earnings * Recap: Canadian Solar Q1 Earnings * Recap: Triumph Group Q4 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.