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Given its convenience and social aspects, multiplayer online gaming could continue its fast growth and transform the gaming industry away from the console model.
Activision Blizzard, Inc.
Electronic Arts Inc.
Take-Two Interactive Software, Inc.
Caesars Entertainment Corporation
Churchill Downs Incorporated
International Game Technology PLC
Glu Mobile Inc.
Cheetah Mobile Inc.
Let's dive into why the video gaming powerhouse might be worth buying as both a near-term coronavirus play and a long-term bet on the future of entertainment...
Each of these companies has a strong business model and the potential for long-term growth. The first pick is Jumia (NYSE: JMIA), a troubled e-commerce company poised for a comeback. The second pick is Glu Mobile (NASDAQ: GLUU), a mobile game developer that can thrive amid the coronavirus pandemic.
Shares of Glu Mobile (NASDAQ: GLUU) gained 53.2% across the first six months of the year, according to data from S&P Global Market Intelligence. Glu Mobile reported fourth-quarter results in February and first-quarter results in May, and its stock saw major positive momentum following each release. Video game stocks have generally performed very well amid 2020's volatile conditions, and Glu's stock gains across first half of the year were significantly better than those of industry leaders including Activision Blizzard, Electronic Arts, and Take-Two Interactive.
Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Cheetah Mobile, Inc. (CMCM)
The company's market-crushing performance this year reflects the strength of its catalog and having the right products at the right time.
Cimpress (CMPR) has been suffering from low bookings across its segments due to the soft-demand environment amid the coronavirus outbreak. Also, the company's high debt level remains concerning.
Shares of Zynga (NASDAQ: ZNGA) gained 55.9% across the first six months of 2020, according to data from S&P Global Market Intelligence. Video game stocks have generally posted impressive gains this year, as shelter-in-place and social distancing measures prompted people to stay inside and spend more time on digital entertainment. Zynga has been one of the category's best performers, posting gains that outstripped industry competitors including Activision Blizzard, Electronic Arts, Take-Two Interactive, and Glu Mobile.
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that it plans to report financial results for the first quarter of its fiscal year 2021, ended June 30, 2020, after the market close on Monday, August 3, 2020. The Company plans to hold a conference call to discuss its results at 4:30 p.m. Eastern Time, which can be accessed by dialing (877) 407-0984 or (201) 689-8577. A live, listen-only webcast and a replay of the call will be available at http://ir.take2games.com/.
Shares of Youdao (NYSE: DAO) gained 66.9% in June, according to data from S&P Global Market Intelligence. NetEase issued new common stock and also had its public debut on the SEHK on June 11, and its valuation climbed roughly 8.4% last month. Youdao posted much bigger gains than NetEase, but its stock movement trends tracked closely in line with those of its parent company.
This year's unprecedented market conditions have highlighted some of the problems with making rigid distinctions between growth stocks and value stocks. High-quality tech companies that can shape and benefit from influential trends have the potential to post explosive growth over the long term, and the defensive value that these types of businesses can also add to a portfolio has never been more clear. Here's why investors seeking stocks that can deliver big growth and thrive through adversity should consider adding StoneCo (NASDAQ: STNE), CrowdStrike Holdings (NASDAQ: CRWD), and Zynga (NASDAQ: ZNGA) to their portfolios.
New coronavirus cases continue to surge Monday, with the U.S. re-emerging as a global hot spot, while Wall Street continues to defy the dangers after President Donald Trump over the weekend played down the threat of COVID-19.
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Cheetah Mobile Inc. ("Cheetah" or the "Company") (NYSE: CMCM) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Cheetah securities between March 25, 2019 and February 20, 2020, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/cmcm.
Churchill Downs Inc. said Monday that it has temporarily suspended operations at Calder Casino in Miami as of July 3, less than a month after it was opened. The racing and gaming company said the suspension comes after an emergency order was issued by Miami Mayor Carlos Gimenez to close entertainment venues in an reaction to a rise in COVID-19 cases. New cases in Florida spiked up to 10,352 on July 3, a daily record for the state, according to data provided by Johns Hopkins University. Churchill Downs said it will work with Miami-Date county and state officials to reopen Calder "as soon as it is appropriate to do so." The company had reopened Calder Casino on June 12, after temporarily suspending operations on March 16, as a result of the COVID-19 pandemic. Shares of Churchill Downs rose 2.4% in morning trading. They have slipped 1.4% year to date, while the S&P 500 has lost 1.8%.
LOUISVILLE, Ky., July 06, 2020 -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced the temporary suspension of operations at Calder Casino (“Calder”) in Miami.
International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it successfully launched its next-generation bartop hardware, the PeakBarTop™ cabinet. Guests of Cache Creek Casino Resort in Brooks, Calif., Morongo Casino Resort & Spa in Cabazon, Calif., San Manuel Casino in Highland, Calif. and Golden Nugget Hotel & Casino in Las Vegas, Nev. can be among the first players in the world to experience IGT's much-anticipated PeakBarTop cabinet and its legendary content library.
European stocks rose on Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India.
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 (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
Gaming stocks like Take-Two Interactive (NASDAQ: TTWO) are flying high as the COVID-19 pandemic left millions with both the time and inclination to play video games. Industry analysts expect both Sony and Microsoft to release their next-generation game consoles during the upcoming holiday season. At the beginning of the year, few likely anticipated that a pandemic would drive an increased interest in gaming, and by extension, Take-Two stock.
Caesars Entertainment (NASDAQ: CZR) Atlantic City welcomed guests back to their world-famous resorts today at Caesars, Harrah's Resort and Bally's, in accordance with the New Jersey Governor's Executive Orders and all state directives, with a ribbon-cutting ceremony outside of Caesars' Boardwalk entrance on Friday, July 3.
The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to firstname.lastname@example.org.
There could be a lot of pent-up demand for this fresh take on the classic "Star Wars" flight combat games from the 1990s.
LOUISVILLE, Ky., July 02, 2020 -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced the reopening of Rivers Des Plaines (“Rivers”) in Des Plaines,.
As Covid-19 cases rise around the country, investors betting on a casino resurgence may be pressing their luck. Still, there are some regional players worth buying, says Jefferies.