Today, Zacks is promoting its "Buy" stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday's Analyst Blog:
Video Game Stock Roundup
Over the last five trading sessions, video game stocks mostly witnessed a mixed trend. While new game launches by Take-Two Interactive Software Inc. (Nasdaq: TTWO- Free Report) and Electronic Arts Inc. (Nasdaq: EA- Free Report) made headlines and propelled a positive market sentiment, criticism of Ubisoft Entertainment SA's Assassin's Creed: Unity took a thrashing that affected the overall share price movement of gaming stocks.
Top Stories Over the Last Week
- Take-Two Interactive's wholly-owned subsidiary, Rockstar Games, announced that its flagship game series Grand Theft Auto V is available on PlayStation 4 and Xbox One. Customised for such gaming consoles, the new game includes new First Person Mode, which enhances gamers' experience and increases chances of attracting new players.
- Activision Blizzard (Nasdaq: ATVI- Free Report) declared that its World of Warcraft franchise surpassed 10 million subscribers worldwide as of Nov 13, 2014.Created in 2004, World of Warcraft is a massively multiplayer online role-playing game (MMORPG) developed by Blizzard Entertainment. It is the most subscribed MMORPG worldwide. (Read more: Activision's World of Warcraft Subscriptions Cross 10M Mark)
- Following the launch of Assassin's Creed: Unity, Ubisoft shares registered a significant decline over the past week. The technical glitches and game bugs resulted in negative reviews and users' outrage globally. (Read more: Ubisoft's Assassin's Creed: Unity Faces Glitches, Stock Dips)
- Electronic Arts' division, BioWare, launched role-playing game (RPG), Dragon Age: Inquisition, which is currently available in North America. First released in 2009, Dragon Age: Origins became a hit followed by Dragon Age II launch in 2011. The new Dragon Age: Inquisition already remains a winner of Game Critics Award for Best RPG at E3 2014.
- Scientific Games Corporation (Nasdaq: SGMS- Free Report) recently received approval for the acquisition of Bally Technologies, Inc. (NYSE: BYI- Free Report) from the Nevada Gaming Commission. In August, the company announced its plans for acquiring the slot-machine maker for $3.3 billion in cash. The transaction is expected to close in early 2015.
Today, Zacks is promoting its "Buy" stock recommendations. Get #1Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Get the full Report on TTWO - FREE
Get the full Report on EA - FREE
Get the full Report on ATVI - FREE
Get the full Report on SGMS - FREE
Get the full Report on BYI - FREE
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Email Contact
http://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO
To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/the-zacks-analyst-blog-highlights-take-two-interactive-software-electronic-arts-activision-blizzard-scientific-games-and-bally-technologies-300000205.html
SOURCE Zacks Investment Research, Inc.
| Contact: |
| Zacks Investment Research, Inc.
Web: http://www.zacks.com |