JUMP REPORT
Avg Daily Volume: 1,546,314 Market Cap: 13.77B
Sector: Technology Short Interest: 4.18
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .02/share REV: 363/M
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LAST QTR: EPS: .75/share ACTUAL: .78/share (BEAT)
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NEXT QTR: EPS: 1.70/share REV: 853.3/M
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FULL YR: EPS: 4.45/share REV: 2,650/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 85% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 5.95, -14.72, -6.36
POTENTIAL JUMP MOVE: 9-10%
Links To Latest News and Headlines
Shares of digital payments platform PayPal (NASDAQ: PYPL) soared in the early days of the pandemic, but they’ve tumbled around 71.8% from the high they reached in 2021. Smelling a bargain, Ray Dalio and the fund he manages, Bridgewater Associates, bought up more than 1.1 million shares of PayPal during the second quarter. Dalio is attracted to PayPal as a long-term holding because its ubiquitous payments platform has a strong competitive advantage that should endure.
Electronic Arts (NASDAQ: EA) and Take-Two Interactive Software (NASDAQ: TTWO) have both had immense success in the world of video game stocks. The companies have released some of the world’s most popular and lucrative game franchises, including Grand Theft Auto, Red Dead Redemption, FIFA, and Madden. Consequently, investors looking to add a gaming stock to their portfolio might consider one of these companies.
Take-Two Interactive (TTWO) closed the most recent trading day at $109.57, moving -0.72% from the previous trading session.
The industry is getting no love in 2022 but has a lot of tailwinds that are going to work in its favor over the next 10 years.
Videogames are heading for a U.S. sales decline in 2022, but a looming recession and new releases could turbocharge a rebound in 2023, according to one analyst.
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