Posts for Ticker ‘GME’

“Call of Duty: Modern Warfare 2″ Blows Records Away (ATVI, GME, MSFT)

Activision Blizzard, Inc. (NASDAQ: ATVI) may actually hit that $500 million first week target after all.  The company has announced this morning that since the 12:00 launch on Tuesday that its much-hyped “Call of Duty: Modern Warfare 2″ has become the biggest launch in history across all forms of entertainment.  Forget Star Wars, forget Halo 3.  The company has put the internal estimated sell-through sales at a figure of $310 million in North America and the United Kingdom alone in just the first 24 hours. The company also estimates that it sold approximately 4.7 million copies in just North America and the United Kingdom.
Read More »

Posted on: November 12, 2009 – 8:28 am in Entertainment, Media, Video Games, , ,

Top Analyst Upgrades, Downgrades, Initiations (ADBE, BCS, STV, FPL, FLR, GME, PCLN, TOL, TSN, TROW)

These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls:

Adobe Systems NASDAQ: ADBE) Cut to Perform at Oppenheimer.
Barclays plc (NYSE: BCS) Cut to Hold at RBS.
China Digital TV (NYSE: STV) Cut to Neutral at Piper Jaffray.
FPL Group (NYSE: FPL) Raised to Buy at Citi.
Fluor (NYSE: FLR) Raised to Hold at Citi.
GameStop (NYSE: GME) Removed from Convition Buy List at Goldman Sachs (still Buy rated).
Priceline.com (NASDAQ: PCLN) Cut to Neutral at Credit Suisse.
Toll Brothers (NYSE: TOL) Raised to Outperform at Wells Fargo.
Tyson Foods (NYSE: TSN) Cut to Neutral at JPMorgan.
T. Rowe Price (NASDAQ: TROW) Raised to Outperform at Credit Suisse.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: November 11, 2009 – 8:11 am in Analyst Calls, Pre-Market Activity, , , , , , , , , ,

Top Analyst Upgrades (APSG, BWA, CBI, ETH, GME, PIR, TD, WSM)

These are some of the top pre-market analyst upgrades and positive research calls that we have seen from Wall Street firms early this Monday morning:

Applied Signal (APSG) Raised to Buy at Colliins-Stewart.
Borg Warner (BWA) Raised to Outperform at Wells Fargo.
Chicago Bridge & Iron (CBI) Raised to Overweight at JPMorgan.
Ethan Allen (ETH) Raised to Hold at KeyBanc.
GameStop (GME) Raised to Conviction Buy List at Goldman Sachs.
Pier-1 Imports (PIR) Raised to Hold at KeyBanc.
TD Bank (TD) Raised to Outperform at RBC.
Williams-Sonoma (WSM) Raised to Hold at KeyBanc.

JON C. OGG

Posted on: August 31, 2009 – 8:04 am in Analyst Calls, , , , , , , ,

Top Day Trader Alerts (ARAY, COCO, GME, HGSI, NVAX, BCRX, SIRI)

These are this Tuesday’s top day trader and active trader alerts with more detailed price and volume data and analysis provided by links to each story at VSInvestor.com:

Accuray Incorporated (NASDAQ: ARAY) is down but not as active on the heels of active trading last night.  We saw a drop of 10% still being in the stock….

Corinthian Colleges, Inc. (NASDAQ: COCO) did beat earnings and raise guidance, sending shares up 12% and still under the 52-week highs.  Watch APOL and CECO on the news….

GameStop Corp. (NYSE: GME) is indicated marginally lower after losing its CFO.

Human Genome Sciences, Inc. (NASDAQ: HGSI) was up the most of the active biotechs up over 7% on yesterday’s deal hopes and today’s swine flu hopes.

Novavax Inc. (NASDAQ: NVAX) and BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) are both actively traded and higher this morning because of the swine flu boost.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is looking a little tired, but this would be a 6th day gain if it can stay strong again.

-The 24/7 Wall Street Team

Posted on: August 25, 2009 – 9:13 am in Pre-Market Activity, Trading Alert, , , , , , ,

Media Digest 8/25/2009

newspaperReuters:   Bernanke will be reappointed as Fed chief.

Reuters:   New deficit projects could hurt Obama’s plans.

Reuters:   The SEC and Bank of America (BAC) asked a judge again to approve a deal regarding Merrill Lynch bonuses.

Reuters:   GM is considering keeping Opel. Read More »

Posted on: August 25, 2009 – 3:57 am in Press Digest, , , , , , , , , , , , , , , , ,

Video Game Sector Preps For Tough Year-End (GME, SNE, MSFT, ERTS, AMZN, NTDOY, TTWO, ATVI)

burning-money-picThe video game sector was supposed to be one of the relative beneficiaries of the recession even if it was not to be entirely immune.  The sector was part of the ‘in-living room entertainment’ trade.  Yet, it isn’t working out that way.  It seems that there has been almost no good news in the sector and the economic recovery is skipping the leaders.  Earnings from GameStop Corp. (NYSE: GME) were not helped at all by guidance.  Sony Corporation (NYSE: SNE) has potentially started a war of emasculation among console makers with its recent price cuts.  And game publisher Electronic Arts Inc. (NASDAQ: ERTS) gave a poor showing with its most recent results.  Recent NPD data for video game sales showed some of the worst reports imaginable.
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Posted on: August 20, 2009 – 10:52 am in Earnings, Entertainment, Video Games, , , , , , , ,

Madden 2010 Sales To Fuel GameStop (GME)

wii

Over the past week, the 24/7 Wall St./The Channel Checkers poll surveyed Gamestop and EB Games stores across the United States to track sales trends of gaming consoles and video games.  We asked the following questions:

1. What is the best selling video game right now?
2. What is the best selling game platform?
3. What will be the next big game released over the next 3 months? Read More »

Posted on: July 27, 2009 – 3:55 am in Research, Retail, Video Games, , , ,

Ahead of E3, Microsoft Shows 30 Million Xbox 360 Users (MSFT)

XBOX LogoMicrosoft Corp. (NASDAQ: MSFT) is making some strong projections and updates for its Xbox video gaming system.  The company noted that global sales of the Xbox 360 unit have now crossed the 30 million mark, and the Xbox LIVE has passed the 20 million mark.
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Posted on: May 28, 2009 – 8:23 am in Entertainment, Media, Video Games, , ,

Media Digest 5/22/2003 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Chrysler is already seeing positive effects from bankruptcy.

Reuters:   The US is working with GM (GM) on a Chapter 11 filing as the June1 deadline looms.

Reuters:   Pimco’s Gross says US is at risk of losing its AAA rating.

Reuters:   The US closed BankUnited and sold it to private equity interests.

Reuters:   AIG’s (AIG) Liddy stepped down as CEO.

Reuters:   The trillion dollar bailout is beginning to shake market confidence in the US economy.

Reuters:   New reports show the US has a bumpy road ahead as it moves toward recovery. Read More »

Posted on: May 22, 2009 – 2:58 am in Autos, Banking, Cable Companies, Consumer Electronics, Earnings, Economy, International Markets, Labor & Unions, Management Change, Mergers and Buy Outs, PC Companies, Pharmaceuticals, Press Digest, Private Equity, Retail, , , , , , , , , , , , , ,

The 24/7 Wall Street-Channel Checkers Look At GameStop (GME)

bank4As part of The 24/7 Wall St–The Channel Checkers survey series, 0ver the past week, The Channel Checkers surveyed 24 GameStop (GME) and EB Games (same parent company) stores across the United States  to track sales trends of gaming consoles and video games.

Here is what we asked:

1. What is the best selling game platform?
2. What is the best selling video game right nowt?
3. What will be the next big game released over the next three months? Read More »

Posted on: April 3, 2009 – 4:04 am in Video Games,

Top Analyst Upgrades (ARRS, ASH, FCS, GME, ONNN, RTN, RVBD, VOD)

These are the top pre-market analyst upgrades or positive calls from Wall Street which we have seen early this Wednesday morning:

Arris (ARRS) Started as Overweight at Thomas Weisel.
Ashland (ASH) Raised to Overweight at JPMorgan.
Fairchild Semi (FCS) Raised to Buy at UBS.
GameStop (GME) Started as Buy at Needham.
ON Semiconductor (ONNN) Raised to Buy at UBS.
Raytheon (RTN) Started as Outperform at Morgan Keegan.
Riverbed Technology (RVBD) Started as Overweight at Thomas Weisel.
Vodafone (VOD) Raised to Buy at Goldman Sachs.

JON C. OGG

Posted on: April 1, 2009 – 6:49 am in Analyst Calls, , , , , , , ,

Video Game Sector Braces For Electronic Arts Earnings (ERTS, TTWO, ATVI, THQI, GME)

Ea_logoElectronic Arts Inc. (NASDAQ: ERTS) is set to report earnings after the close of trading today.  The (former) largest US-based video game company is expected to post $0.91 non-GAAP EPS on $1.92 billion in revenue.

Read More »

Posted on: February 3, 2009 – 12:40 pm in Earnings, Video Games, , , , ,

More Recession Carnage For Video Games (ERTS, ATVI, GME, THQI, TTWO)

Ea_logoElectronic Arts Inc. (NASDAQ: ERTS) signaled about six weeks ago that the video game industry wasn’t recession-proof.  It turns out that the company (and likely the sector) is not even as recession-resistant as many had once hoped.  The video game giant said that it will fall short of estimates due to lower-than-expected sales across North America and Europe.  The company noted that its holiday line-up is not meeting sales expectations.  So much for the couch potato and stay-at-home demographics holding up.

Read More »

Posted on: December 9, 2008 – 5:11 pm in Earnings Warning, Media, Retail, Video Games, , , , ,

Gears of War 2 Launch Taking Up Other Video Game Money (MSFT, ERTS, THQI, ATVI, TTWO, GME)

Gears_of_war_logoIn about 36 hours, the highly awaited release of "Gears of War 2" comes to stores for a midnight opening.  The Microsoft (NASDAQ: MSFT) Game Studio published game developed by Epic Games Inc. comes on the heels a highly successful "Gears of War" which sold more than 5 million copies.  We have started seeing signs that the video game sector might not be so recession-proof, but some of the weakness may be due to the high-demand spending for this game at $59.99 or the collectible limited edition for $10.00 more.  The figures are going to be hard to compare, but "Gears of War 2" has a shot at being one of the top video game releases of this year.  The game already achieved Gold Status early last month.

Read More »

Posted on: November 5, 2008 – 5:39 pm in Video Games, , , , , ,

Will Gears of War 2 Challenge Halo 3 Records? (MSFT, GME)

Gears_of_war_2_logoThere is another blockbuster gaming event this week on November 7: the release of "Gears of War 2 " The game published by Microsoft (NASDAQ: MSFT) Game Studio’s unit and developed by Epic Games Inc. comes on the heels of the original "Gears of War" which sold more than 5 million copies. 

While the figures are going to be hard to compare, this looks like ithas a shot at being one of the top video game releases of this year.

Read More »

Posted on: November 3, 2008 – 12:19 pm in Video Games, ,

Top Pre-Market Analyst Upgrades (ANN, CVC, COF, CELG, GME, PPDI, STJ, STI, THQI, WOOF, WU)

These are some of the many research upgrades we have seen from Wall Street analysts this Monday morning with more than two hours to the open:

  • Ann Taylor (ANN) Raised to Neutral at Goldman Sachs
  • Cablevision (CVC) Raised to Hold at S&P Equity Research
  • Capital One Financial (COF) Raised to Market Perform at KBW
  • Celgene (CELG) Raised to Outperform at Baird
  • GameStop (GME) Raised to Buy at Piper Jaffray
  • Pharmaceutical Product Development (PPDI) Raised to Outperform at Baird
  • St. Jude Medical (STJ) Raised to Overweight at JPMorgan
  • SunTrust Banks (STI) Raised to Market Perform at KBW
  • THQ (THQI) Raised to Buy at Piper Jaffray
  • VCA Antech (WOOF) Raised to Buy at Piper Jaffray
  • Western Union (WU) Raised to Buy at S&P Equity Research

Jon C. Ogg
October 13, 2008

Posted on: October 13, 2008 – 6:18 am in Analyst Calls, , , , , , , , , , ,

GameStop Grows EU Ops With Micromania Buyout (GME)

Gamestop_logoGameStop (NYSE: GME) has reached a deal to make another video game chain acquisition.  It is in a definitive agreement to acquire Micromania.  This chain is France’s leading video game retailer with 332 locations throughout the country from private equity fund L Capital.  This is another key geographic add-on for GameStop.

Read More »

Posted on: October 1, 2008 – 8:18 am in Mergers and Buy Outs, Private Equity, Video Games,

The 52-Week Low Club 9/23/2008 (OSK)(IGT)(GME)(ANPI)

Newspaper_2Oshkosh (OSK) Hit by class action suit over SEC disclosure regulations. Falls to $9.05 from 52-week high of $63.55.

International Game Technology (IGT) Concerns it will lose patent lawsuit. Drops to $15.22 from 52-week high of $49.41.

Gamestop (GME) Dips on concerns video game market is slowing. Sells off to $34.52 from 52-week high of $63.77.

Angiotech Pharmaceuticals (ANPI) Cuts staff and terminates tender offer. Plunges to $.53 from 52-week high of $7.90.

Douglas A. McIntyre

Posted on: September 23, 2008 – 2:43 pm in HI/LOW, , , ,

Top 10 Pre-Market Analyst Calls (AG, T, VZ, GME, GE, IVGN, PPC, SNDK, SPWR, WEN, YRCW)

These are ten of the analyst calls we are focusing on early this Monday morning:

  • AGCO Corp. (NYSE: AG) Raised to Outperform from Market Perform at Wachovia.
  • AT&T (NYSE: T) & Verizon (NYSE: VZ) Cut to Neutral from Buy at UBS.
  • GameStop (NYSE: GME) Raised to Neutral from Sell at Goldman Sachs.
  • General Electric (NYSE: GE) Cut to Neutral from Outperform at JPMorgan.
  • Invitrogen (NASDAQ: IVGN) cut to Neutral from Buy at Banc of America.
  • Pilgrims Pride (NYSE: PPC) Cut to Neutral from Outperform at Credit Suisse.
  • SanDisk (NASDAQ: SNDK) Raised to Market Perform from Underperform at JMP Securities.
  • SunPower (NASDAQ: SPWR) Raised to Outperform from Neutral at Credit Suisse.
  • Wendy’s (NYSE: WEN) Raised to Equal Weight from Underweight at Morgan Stanley.
  • YRC Worldwide (NASDAQ: YRCW) Raised to Neutral from Underweight at JPMorgan.

Jon C. Ogg
June 16, 2008

Posted on: June 16, 2008 – 6:29 am in Analyst Calls, , , , , , , , , , ,

Take-Two’s GTA4 Retail Checks…. Maybe Take-Two Can Defend Against EA (TTWO, ERTS, GME, BBY)

We at 247WallSt.com have made calls doing our own checks to see just how the new blockbuster mega-hit Grand Theft Auto 4 video game from take-Two Interactive (NASDAQ: TTWO) is selling at some of video game dedicated stores.  Figures that have been thrown around for the first week are $400 million, and if you do a Google search under "GTA4 $400M" you’ll see how many are running this figure.

As Take-Two Interactive (NASDAQ: TTWO) tries to defend itself against a takeover (or to get a higher price) from Electronic Arts (NASDAQ: ERTS), we wanted to see just how well this game could do.  This is being sold through thousands of stores and many of the locations are completely sold out.  Only a few acted like they had an oversupply of games.  Literally many of the larger stores were stocked with games for those who did not pre-order, but those supplies were being eaten through quickly.  This is also before school and work ended for the bulk of the gaming population, so that’s another catch.

We decided to run a store check the opening morning at store locations for GameStop Corp. (NYSE: GME), Best Buy (NYSE: BBY), and even the new entrant called Play N Trade.  It goes quite simply like this, the larger the store the harder it is to round up someone that can or will give you an answer.  As well as this game is selling, and with a record breaking sales projection because of the dual-console platform launch, it’s hard to imagine that the company is just going to fold up its tent in defending itself.  If Electronic Arts wants the video game maker, they are trying to buy a company that will have a remarkably improved sales position compared to when the bid was first launched.  The opposite side of the argument is that one title might not make a difference in a decade long time frame.

Many did well in the midnight sales, and here are just a handful of the comments that the employees at the stores said from each store listed.  Please note that while these are in quotes, they are in context but this was the general comment of what we were told at each individual store:

Read More »

Posted on: April 29, 2008 – 2:26 pm in Mergers and Buy Outs, Product Review, Video Games, , , ,