THQ Rises on Game Sales Speculation -11/22/10 at 5:36 AM CSTby Perry Rod

[UPDATE 11/23/2010: THQ Inc. has this morning released a press release stating that uDraw is, "Already among the top-selling Wii titles at online retailer Amazon.com."  This may suggest that what this article confirms - that the title is not a top-selling title at other retailers.] THQ Inc. (NASDAQ:THQI) has risen over 20% on what appears to be exci...

Michael Pachter Overestimates, Take Two Interactive Shares Tumble -08/12/10 at 9:07 PM CDTby Perry Rod

Call it the Pachter effect. Video game analyst Michael Pachter, who himself has seemed to admit in the past that his monthly U.S. sales estimates for publishers come without much extensive research, has perhaps managed to help move Take Two Interactive’s stock (NASDAQ:TTWO) down about 17% in only three days.  How?  On Monday of this week,...

As All Eyes Focus on Amazon.com and Wal-Mart Stores, While Apple, Mac... -12/20/09 at 1:49 PM CSTby Reggie Abaca

Unique visitor estimates at Compete.com show that internet traffic in the month of November rose dramatically at several popular websites.  Of the largest United States online retail portals, the biggest winners in the month of November were Apple.com Inc. (NASDAQ:AAPL) which rose 39.9% and the Macy’s, Inc. (NYSE:M) website, which rose 38.6%.&n...

Gamestop Inc Will Die, They Say, But Publisher Actions Speak Louder T... -10/29/09 at 12:54 PM CDTby Perry Rod

Gamestop’s closest U.S. comparable is Best Buy (BBY).  Analysts for Best Buy Inc. are predicting an 8% year over year EPS growth rate.  Based on current trading prices, BBY trades at a P/E ratio of around 13. Meanwhile, analysts project a 14% year over year EPS increase at Gamestop Inc (NYSE:GME).  With higher analyst growth expectati...

Wedbush Morgan Upgrades Gamestop (GME) -10/08/09 at 10:59 AM CDTby Perry Rod

Calling Gamestop's guidance "conservative" and citing valuation, Wedbush Morgan senior analyst Michael Pachter raised his rating and price target for Gamestop to $34 and "Outperform". "We expect industry sales to return to positive territory in September, and think that GameStop is well positioned to recover as well. " Gamestop is up around 3% this mornin...

THQ Inc. Sells Over 1 Million UFC Undisputed Copies In First Month -06/11/09 at 6:40 PM CDTby Mahyar Hashemi

According to research group NPD, UFC Undisputed moved just over a million copies in its first twelve days on the shelf in North America.  That may explain why THQ stock is up 64% since its release date.  Analysts were expecting much fewer first month sales.  Wedbush Morgan senior analyst Michael Pachter had predicted 400,000 copies to sell ...

Same Old Gamestop Fears Pressure Stock -06/02/09 at 12:38 AM CDTby Mahyar Hashemi

Every year it's the same old fears with Gamestop.  The company is running out of time, they say, facing a new world of downloading and new competition.  They are the next Blockbuster, they say. They said it last year, they said it the year before, and the year before that and so on.  This latest round of fears is likely why while many other...

Will The American Consumer Save the World Economy? -11/30/08 at 12:04 PM CSTby Mahyar Hashemi

Retail industry research firm, ShopperTrak RCT, has declared that total Black Friday sales rose 3% this year, to about $10.6 billion nationwide. So far, that appears to be higher than expected as analysts have cut their outlooks considerably. Overall sales for the holiday are expected to rise 2.2%, which would be higher than the 2002 holiday, where sales ...

The Most Difficult Climate We've Ever Seen, He Says -11/12/08 at 10:16 AM CSTby Peter York

Best Buy (BBY)'s CEO Brad Anderson single handedly sank the U.S. stock market Wednesday morning with some pretty strong words about the state of the U.S. economy: "Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we've ever seen.  Best Buy simply can't adjust fast enough to maintain our earning...