Electronic Arts Inc $ 145.60 4.17 (2.95%)
Electronic Arts Inc News and Headlines -
Electronic Arts Inc. (EA) has announced an agreement to acquire British racing game publisher Codemasters Group Holdings PLC (LSE:CDM) with an offer of approximately $1.2 billion that far surpasses an offer from Take-Two Interactive Software Inc. (TTWO).
In early November, Codemasters and Take-Two settled up on an agreement valued at close to $1 billion. EA upped the ante with a counteroffer that would give Codemasters shareholders 604 pence ($7.96) in cash for each ordinary share of Codemasters according to a press release from EA. The deal is expected to be completed in the first quarter of 2021.
Take-Two has announced
U.S. stocks were in the red on Friday morning. The Dow fell 0.58% to 28,232, the S&P 500 index lost 0.59% to 3,489 and the Nasdaq Composite Index was down 1.07%, to 11,763.
The unemployment rate was at 6.9% in October, down from 7.9% in September according to the Bureau of Labor Statistics. The unemployment rate has declined for six straight months.
• News Corporation (NWS) +9.9%
• Duke Energy (DUK) +3.6%
• Uber Technologies (UBER) +3.3%
• United Rentals (URI) +1.1%
• Biogen Inc. (BIIB) -7.5%
• Flowserve Corporation (FLS) -3.7%
Value investors may want to consider the three stocks that are listed in this article, in my opinion, as they meet the below criteria:
- These stocks do not seem expensive as their price-earnings ratios are at or below 20.
- They have a history of earnings and sales growth. Earnings per share and revenue per share have advanced over the past five years, while no losses were recorded in the years in question.
- These stocks have positive recommendation ratings from Wall Street sell-side analysts.
Stock Yards Bancorp Inc
The first stock to consider is Stock Yards Bancorp Inc
Electronic Arts (EA) reported an over +70% increase in bookings during the quarter as the Company's video game titles like FIFA, Madden, and Apex Legends benefitted from increased engagement during the pandemic. While the market expects results to decelerate from these levels, we continue to believe the Company possesses plenty of growth drivers, including several new franchise titles, a once-in-a-decade new console cycle, and the launch of its game development platform as a service, currently dubbed "Project Atlas."
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Rolfe]David Rolfe[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=David+Rolfe]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=David+Rolfe]Portfolio[/url])'s Wedgewood Funds third-quarter 2020 shareholder letter.
Review and Outlook
For the third quarter 2020, our Composite (net)i gained +10.77%. The S&P 500 Index gained +8.93%. The Russell 1000 Growth Index gained +13.22%. The Russell 1000 Value Index gained +5.59%.
Year-to-date our Composite (net) has gained +17.77%. The S&P 500 Index has gained +5.57%. The Russell 1000 Growth Index has gained +24.33%. The Russell 1000 Value Index has declined -11.58%.
Top performance detractors for the quarter include First Republic Bank, Microsoft, Keysight Technologies, Alcon, and Electronic Arts. Top performance contributors for the quarter include Apple, Facebook, Edwards Lifesciences, NVIDIA, and PayPal Holdings.
We were quite active during
With the goal of generating superior risk-adjusted returns, the guru's Stamford, Connecticut-based firm invests in a wide range of asset classes worldwide. Its long-short strategy is based on bottom-up research processes focusing on fundamentals and macroeconomic conditions.
According to GuruFocus Real-Time Picks, a Premium feature, Cohen invested in an additional 1.48 million shares of the Denver-based company on Sept. 22, which had an impact of 0.1% on the equity
The GuruFocus All-in-One Screener can be used to find insider trades from a specific period of time or for a certain range of values. For these stock picks, I went under the Insiders tab and changed the settings for All Insider Buying to "$2,000,000+," the duration to "September 2020" and All Insider Sales to "$2,000,000+."
According to these filters, the following were this past week's most significant trades from company insiders.
Aaron I Davis, director and 10% owner, together with Boxer Capital, LLC, bought 450,000 shares of Odonate Therapeutics Inc. (ODT) for an average price of
After a particularly rough patch following its 2011 IPO, Zynga Inc (ZNGA) has managed to stabilize as a company and become a leading player in mobile gaming with a management strategy based on a combination of solid in-house game development and pertinent strategic acquisitions.
The past few months have been mixed for the company. While the lockdown caused by the Covid-19 pandemic resulted in increased game time and significant growth in in-app purchases, it also resulted in advertisers slashing budgets, which affected ad revenues. Also, Apple's new policy to curb access to users' unique Identifier for Advertisers (IDFA) could have
In order to have a higher chance of finding potential value opportunities in the U.S. market, I have screened for stocks with the following characteristics:
- The share prices are trading close to the Peter Lynch earnings line.
- The return on invested capital surpasses the weighted average cost of capital significantly, which suggests the company is using its financial resources in an efficient and profitable way.
- The stock performance is expected to improve in the future as they have optimistic recommendation ratings on Wall Street.
The first stock that makes the cut is Merck & Co. Inc. (MRK),
U.S. stocks were in the red on Monday morning ahead of new data that showed rising Covid-19 cases in the U.S. and around the world. The Dow Jones Industrial Average fell 2.93% to 24,854, the S&P 500 index declined 2.48% to 2,996 and the Nasdaq Composite Index was down 1.93% to 9,404.
• Electronic Arts Inc. (EA) +2%
• Take-Two Interactive Software, Inc. (TTWO) +1.4%
• The Clorox Company (CLX) +0.24%
• Carnival Corporation & Plc (CCL) -7.7%
• United Airlines Holdings, Inc. (UAL) -7.2%
• American Airlines Group Inc. (AAL) -6.8%
To most people, Britain is probably not the first country one would think of in regards to the entrepreneurial spirit. However, while browsing through the country's listed companies, we found a sizable pool of high-quality companies that can balance growth and return so well as to create tremendous wealth for shareholders.
In some of our previous articles, we covered a couple of "young" public companies from the UK, including Bioventix (LSE:BVXP), Fever-tree Drinks (LSE:FEVR) and Craneware (LSE:CRW). In our opinion, they share the common traits of strong business fundamentals, being led by founding members and possessing an entrepreneurial culture. While
In light of investors and sports fans gearing up for the 2020 NFL Draft, four entertainment and interactive media companies that have high financial strength and operating margins outperforming industry competitors are Autohome Inc. (ATHM), Dolby Laboratories Inc. (DLB), Electronic Arts Inc. (EA) and Facebook Inc. (FB) according to the All-in-One Screener, a GuruFocus Premium feature.
NFL conducts draft remotely due to coronavirus outbreak
NFL Commissioner Roger Goodell announced in March that due to the ongoing coronavirus outbreak, which has spread to over 800,000 cases in the U.S. as of Thursday according to John Hopkins University statistics, the 2020
Electronic Arts (EA) held up relatively well though still finished in the red, as investors are anticipating the Company will benefit from increased video game consumption due to various public lockdowns that have dramatically reduced other available forms of entertainment. Several sources have noted video game consumption over the past several weeks has risen quite dramatically compared to year ago periods, with NVIDIA mentioning an over +50% increase in gaming hours seen on its installed base. The stock continues to trade at attractive multiples with several durable, growing franchises and a fortress balance sheet that should help sustain returns
“It’s very irresponsible for somebody to suggest we can have the best of both worlds. What we need is an extreme shutdown so that in six to 10 weeks, if things go well, then you can start opening back up.”
Gates noted that while isolation in populated areas — along with widespread testing — is difficult and “disastrous” for the economy, “the sooner you do it in a tough way, the sooner you can undo it.” -Bill Gates (Trades, Portfolio), TED, March 24, 2020
“COVID-19 won't go away. It'll infect the southern hemisphere as they winter and
When will my Bunny Portfolio show some energy?
This is a theoretical portfolio that I compile each December. To be eligible, a stock must have an average earnings growth rate of 25% or better the past five years, and yet sell for 12 times earnings or less.
That’s anomalous, of course. Stocks with fine growth don’t usually sell cheap. It means that investors think the stock has hit a wall, or soon will.
The “bunny” in the name comes from the advertising mascot for Energizer batteries, which was “still going” long after you might expect it to run out of
The guru’s firm approaches potential investments with the mindset of a business owner, evaluating a handful of undervalued companies that have a dominant product or service, consistent earnings, revenue and dividend growth, are highly profitable and have strong management teams.
Based on these criteria, Rolfe established positions in Nvidia Corp. (NVDA) and CDW Corp. (CDW) during the quarter.
The guru invested in 141,067 shares of Nvidia, allocating 2.18% of the equity portfolio to
The S&P 500 index has increased its annual earnings per share (not inflation-adjusted) by 9.4% on average every year since the year ended Dec. 31, 2015. As a result of this, the share price of the benchmark for the U.S. stock market has risen approximately 50.4% in the past five years to $3,066.91 at close on Friday.
The past doesn’t provide any guarantee for future performance, but companies that have grown their earnings at a similar or even higher pace than the index should bear a high potential to beat most of their peers and show solid returns, as earnings
Electronic Arts (EA) recently reported financial results for the second quarter of fiscal 2020.
For the period, net revenues increased 5% to $1.4 billion, with an 18% increase in digital offset by a mid-teens decline in packaged goods and other. Over the trailing 12 months, net revenues were $5.1 billion (roughly flat). Digital growth was led by Live Services, which increased 39% to $573 million. Over the past year, Live Services net bookings have grown by 17% to $2.5 billion. As shown below, this portion of EA’s business has grown significantly over the past five years.
Several gurus are focusing on stocks whose Peter Lynch fair values are above their current prices, according to the GuruFocus All-in-One Screener. As of Monday, the following companies are trading with wide margins of safety and have had positive performances over the last 12 months.
Electronic Arts Inc. (EA) is trading around $96.76 per share. The Peter Lynch value gives the stock a fair price of $137.4, which suggests it is undervalued with a 30% margin of safety. Over the past three months, the stock has registered a positive performance of 7.87%.
The guru’s St. Louis-based firm approaches a potential investment with the mindset of a business owner, evaluating a handful of undervalued companies that have a dominant product or service, consistent earnings, revenue and dividend growth, are highly profitable and have strong management teams.
Based on these criteria, Rolfe established positions in Motorola Solutions Inc. (MSI), Alcon Inc. (ALC), Electronic Arts Inc. (EA) and Abiomed Inc. (ABMD) during the quarter.
The guru invested in