With nothing much to do in quarantine, most people are keeping themselves busy indoors by playing video games.
This week, pay attention to two indicators the Fed uses to help determine monetary policy, the Beige Book and the PCE Price Index.
These are the communications stocks with the best value, fastest growth, and most momentum for June.
The company realigned its business in 2019, leading to strong results in 2020. Is more success to come?
BMO Capital Markets analyst Gerrick Johnson says Take-Two Interactive’s plan to keep a light schedule of new releases for fiscal 2021 is a shrewd move, giving its labels more time to fully exploit the technology in the new gaming systems.
Activision Blizzard, Walt Disney, Amazon, Alphabet and Microsoft highlighted as Zacks Bull and Bear of the Day
The Zacks Analyst Blog Highlights: Nintendo, Activision Blizzard, Glu Mobile, Capcom and DouYu International
Immortals Gaming Club has partnered with Nerd Street Gamers to host multi-day esports camps for kids. The ones attending will have the opportunity to take lessons from professional players in titles like Riot Games' "League of Legends" and Activision Blizzard's (NASDAQ: ATVI) "Overwatch.""IGC is excited to partner with Nerd Street Gamers to bring gamers this unique opportunity to learn from our professional players, have fun and connect with new friends in a positive, structured environment," Jon Tuck, CCO for Immortals Gaming Club, said in a release. "This is a unique moment in time and we believe the camps will serve gamers and their parents well while establishing a format that we plan to replicate for years to come."Each camp will include activities such as Q&A sessions with professional players, health and wellness seminars, video gameplay reviews, and competitive skirmishes.The online camps will last four to five days in June and July at $150 per camp."Almost overnight, staying home to play video games became the socially responsible thing to do," John Fazio, Founder and CEO of Nerd Street Gamers, commented. "Esports has the opportunity to fill the void left by cancelled summer camps and other events. With Immortals Gaming Club, we are providing parents and gamers with opportunities to connect with one another, build their skills, and duplicate the experience of traditional summer camps digitally."The convenience of an online-only event will help shed light and education on the esports industry, while also offering the chance to keep kids busy while other summer activities may still face cancellations. Parents can sign their children up through the official website.Related Links:'Call Of Duty: Modern Warfare' Is The Best-Selling Game Of 2020 So FarTake-Two Interactive Benefits From 'Industry Tailwinds,' Analyst Says After Q4 ReportSee more from Benzinga * 'Call Of Duty: Modern Warfare' Is The Best-Selling Game Of 2020 So Far * OWL's Philadelphia Fusion Claims Aim Lab As Skills Training Partner * Florida Mayhem Announces University 'Overwatch' Tournament(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
Activision Blizzard Inc (NASDAQ: ATVI) has partnered with TeamSpeak in a multi-year deal that will label the VoIP application as the Call of Duty League's communications partner.The application will be integrated into all in-game communications through 2023.Jack Harari, VP of global partnership development at Activision Blizzard Esports, said in a release: "TeamSpeak offers best-in-class broadcast communications capabilities that we rely on to empower and optimize our teams and players. We have an obvious advantage entrusting TeamSpeak to provide this critical part of our operations in highly competitive environments where seamless voice communications are critical to successful broadcasts of live competition."This partnership isn't too surprising considering the Overwatch League signed with TeamSpeak back in December."Working with the Call of Duty League is a strong indicator of the continued adoption of our technology as the solution of choice among the leading competitive leagues and teams worldwide," said Ian Bamford, CEO of TeamSpeak. "Our technology ensures seamless in-game communications for every scenario, whether all-virtual, or for live, in-person events."TeamSpeak's deal as the Call of Duty League's communications partner will include a "global digital marketing program" that will push online brand sponsorships and community campaigns.When live events can return, the partnership will also include stadium support.Related Links:'Call Of Duty: Modern Warfare' Is The Best-Selling Game Of 2020 So FarElectronic Arts Analysts See Stay-At-Home Strength, Possible Game Delays After Q4 ReportSee more from Benzinga * Immortals Gaming Club Partners With Nerd Street Gamers To Launch Online Esports Camps * 'Call Of Duty: Modern Warfare' Is The Best-Selling Game Of 2020 So Far * OWL's Philadelphia Fusion Claims Aim Lab As Skills Training Partner(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
With lockdowns yet to be lifted completely and many staying at home on fears of the coronavirus spreading, there is not much entertainment other than video games.
Bull of the Day: Activision Blizzard, Inc (ATVI)
Amazon has a big-budget game, another in the works, and a secretive cloud gaming service in the making. All of that could prove to be a problem for the industry's old guard.
Q1 2020 Activision Blizzard Inc Earnings Call
Take-Two Interactive (NASDAQ: TTWO) recently announced sales growth that blew past management's outlook. The video game giant's NBA 2K20, Grand Theft Auto, and Borderland brands were just a few of the standouts that allowed net bookings to jump 49% in the fiscal 2020 fourth quarter compared to a 21% increase for rival Activision Blizzard.
Here we discuss some gaming ETFs that are well poised to gain as an increasing number of people are resorting to in-house entertainment modes like video games amid the lockdown measures.
Like many of its tech industry peers, Amazon sees an opportunity for big bucks in the changing nature of video games. The free-to-play and games-as-a-service models are keeping revenue streams open long after release, and the arrival of cloud gaming may give companies like Amazon the chance to bypass console giant gatekeepers such as Nintendo, Sony, and Microsoft. Here's what you should know about Amazon, Crucible, and what comes next.
Activision Blizzard (NASDAQ: ATVI) has made strides to retain a top position for "Call of Duty: Modern Warfare," and it has succeeded. In NPD's report for April, "Modern Warfare" hit second place just below Square Enix's "Final Fantasy VII Remake" as April's best-selling game.However, the shooter has retained its position as the best-selling game of 2020 so far, even surpassing Nintendo's (OTCPK: NTDOY) "Animal Crossing: New Horizons."The popularity of "Call of Duty" is likely boosted by factors other than the main game. "Call of Duty: Warzone" has become one of the most popular battle royale titles to date, providing huge competition for games such as Electronic Arts' (NASDAQ: EA) "Apex Legends" and Epic Games' "Fortnite."> Top 10 best-selling video games year-to-date ending April 2020, according to The NPD Groupvideogames pic.twitter.com/IHkMmvlQnR> > -- NPD Games (@npdgames) May 22, 2020See Also: Take-Two Interactive Benefits From 'Industry Tailwinds,' Analyst Says After Q4 ReportWith news of the next "Call of Duty" title beginning to emerge, the buzz around the powerhouse franchise is unlikely to diminish anytime soon. Evidence of the Cold War has been spotted inside "Warzone's" map, and it has been theorized that the free-to-play game could potentially shift in a way similar to "Fortnite's" season change events. Nostalgia has also helped keep Activision in the spotlight. "Call of Duty: Modern Warfare 2 Campaign Remastered" also made the top 20 best-selling list for April, sitting at seventh place just below "Resident Evil 3." While most players enjoyed the campaign experience of MW2, many are hoping for a launch of the game's multiplayer side. Perhaps the sales numbers could boost that chance. Other titles in April 2020's top 10 include Take-Two Interactive's (NASDAQ: TTWO) "Grand Theft Auto V" and "NBA 2K20," Sony's (NYSE: SNE) "MLB The Show 20," and Capcom's "Resident Evil 3 Remake."See more from Benzinga * OWL's Philadelphia Fusion Claims Aim Lab As Skills Training Partner * Florida Mayhem Announces University 'Overwatch' Tournament * This Year's 'Call Of Duty' Will Be Called 'Call Of Duty: Black Ops Cold War': Reports(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Altra Industrial (AIMC) is experiencing difficult end-market conditions on account of the coronavirus outbreak-led market downturn. Also, its high debt level is concerning.
Take-Two Interactive (NASDAQ: TTWO) has a new fan on Wall Street. The video game giant's shares were upgraded on Tuesday and assigned a $170 price target by Gerrick Johnson, an analyst at BMO Capital Markets. Johnson highlighted Take-Two's widening content portfolio, which includes sports franchises like the surging NBA 2K brand, as helping the company's growth.