Take-Two Interactive (TTWO) stock extends its gains surrounding its new announcement on the long-awaited Grand Theft Auto VI while also reporting fiscal second-quarter earnings. Michael Pachter, Wedbush Securities Managing Director of Equity Research, explains how the stock continues to react to the slightest detail on the next Grand Theft Auto installment and whether it is all hype or not at the moment. "The biggest problem investors have with Take-Two is lack of visibility," Pachter tells Yahoo Finance on the developer's history of teasing this title. "The stock is not trading on yesterday's print or the hype around upcoming titles. It's solely up on GTA, it's going to have a trailer early December." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Take-Two Interactive (TTWO) stock extends its gains surrounding its new announcement on the long-awaited Grand Theft Auto VI while also reporting fiscal second-quarter earnings.
Michael Pachter, Wedbush Securities Managing Director of Equity Research, explains how the stock continues to react to the slightest detail on the next Grand Theft Auto installment and whether it is all hype or not at the moment.
"The biggest problem investors have with Take-Two is lack of visibility," Pachter tells Yahoo Finance on the developer's history of teasing this title. "The stock is not trading on yesterday's print or the hype around upcoming titles. It's solely up on GTA, it's going to have a trailer early December."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
TipRanks
Every investor wants to find the best stocks to fill up a profitable portfolio – but with the voluminous data generated by millions of trades in thousands of stocks every day, finding the best stocks is something of a challenge. It’s a challenge that investors can meet, however, by following the corporate insiders. These insiders are the top officers of their companies, C-suite officers like CEOs and CFOs and COOs, along with members of the Boards of the Directors. Their positions give them a cl
The Wall Street Journal
WeWork's co-founder and former chief executive exited four years ago as a billionaire. As WeWork slogs through bankruptcy, there's a further twist in the tale, The Wall Street Journal's Eliot Brown reports.
Barrons.com
Instacart posted better-than-expected results in the grocery delivery company’s first earnings report since it went public in September. Officially known as MapleBear Inc., Instacart (ticker: CART) posted revenue of $764 million for the third quarter—up 14% from a year earlier and ahead of Street consensus as tracked by FactSet of $737 million. In late trading Wednesday, Instacart shares were 4.3% higher to $28.40.
The Wall Street Journal
Shares in the Dutch payments provider soared 36% Thursday, after it cut sales-growth and profitability targets. Adyen and its European financial-technology peers have suffered this year as investors have questioned high valuations in light of weak growth. + Adyen aims to grow net revenues at a percentage rate between "the low-twenties and high-twenties" until 2026, versus the "mid-twenties and low-thirties" growth it forecast in August.
Barrons.com
Tesla stock picked up a new bearish rating, and it had an impact in early trading. Thursday, according to ratings-aggregation services, HSBC launched coverage of Tesla stock (ticker: TSLA) with the equivalent of a Sell rating and $146 price target, down about 34% from recent levels. HSBC didn’t immediately respond to a request for a copy of its report.
SmartAsset
Estate planning usually involves determining how to pass assets on to younger generations. But instead of leaving a piece of real estate, bank account or burgeoning stock portfolio to your children, the smarter tax move might be to leave those assets to your parents. That's the crux of a clever tax minimization strategy known as […] The post ‘Upstream Gifting’ Can Help You Avoid Estate Taxes and Preserve Your Stepped-Up Basis appeared first on SmartReads by SmartAsset.
Read more --->