Activision stock upgraded to BUY

I just read this. Not sure if anyone cared but I thought it was worth posting.

Deutsche Bank analysts upgraded their rating on Activision Blizzard’s stock to a “buy” from “hold,” claiming in a note Tuesday that major publishers “have further upside” thanks to a positive earnings outlook and “stay-at-home behaviors” linked to the Covid-19 pandemic.

In Activision Blizzard’s case, Deutsche said it was upgrading the stock due to a “positive sector outlook,” “material upside to consensus estimates” on earnings and a “strong content pipeline over the next two years.”

Most stock, Activision included, are overbought right now with the Federal bank pushing money out with low interest rates. There is no “good” place to put money right now, and lots of businesses appear to be doing better than they were prior to COVID-19 due to this inflated market.

Further, Activision/Blizzard is valued at around $80/stock right now. This stock requires a lot of investment, and anyone with that kind of cash probably won’t come here for financial reading. Any investor starting with this stock may not see any worthwhile profit for a long time.

edit:
P.S. Deutsche Bank is the business accused of multiple, decades-long, fraud and corruption schemes involving current and past government officials. They are also being sued by a lot of people as a result of that involvement. Strongly recommend not following their tips.

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The Activision Blizzard Q3 2020 Financial Results conference call will take place in October 29 at 1:30pm PST. I wonder it they will talk about the layoffs in France. Activision Blizzard announces the closure of its Versailles office, leaving the futures of over 400 employees uncertain.

Yeah, this is a significant risk right now. Stocks setting records in the middle of a global recession should make anyone a bit worried.

I did buy Activision stock a few days ago, at 78.45. Probably going to sell it soon, right before or after the next conference call. I think there is a decent chance it will increase a bit there. But I wouldn’t want to hold it long-term in the current situation.
As always, never invest more than you can accept to lose.

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IDK about Activision stock with all of the news about layoffs… Too risky IMO.

If I had some extra money, I’d buy AMD stock. With all of the IPC gains of Zen3 they’re showing and that they’re going to steal the gaming processor crown that Intel has retreated to, they’re going to sell like hotcakes.

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Well, investors often love layoffs :S

I had them recently, but sold them again. Problem is, yeah, they are doing really well right now, and will continue to to even better with the new chip. However, the stock has already increased a lot in the last few years, the current price has them expecting to do really well. I am somewhat afraid that no matter how well they do, they can only disappoint.
And for the very long-term, they still have the same risk as Intel. Is the x86 computer market going to die, and mobile take over everything? In that case, Nvidia (assuming they are allowed to buy ARM) might be the much better buy.

Well if anything, AMD has learned how not to make a processor with that pile of garbage Bulldozer architecture. I think AMD has it going for them with Zen, lets just hope they keep fanning the flame to keep it growing.

Reminds me of the old slot-a Athlon Thunderbird days back in 1999… I had a 600A clocked at 800Mhz on the stock cooler. Smokin fast for it’s time.

LOL
idk about buying blizz right now.
Should post a link in their summary of the old devs leaving blizz back in the day and be like, yea, buy this company…bc it’s fact not opinion that they left.

i think, the year b4 d4 comes out is the time, bc the temptation to “try it out” will be the reason not because “its made for diablo 2 fans so it’s gonna work”.

Blizz knows everyones going to ‘try out’ a blockbuster, and that’s all they need, so if you know that too, you buy their stock well before others do, but before the guaranteed game comes out.

But nows not that time, as D4 is what a few years out, and your money could be better spent on other things, like f/e nintendo which is coming off it’s absolute most jank year ever as like 2 games worth buying got released, or like 4, instead of like the 20 it should of had, or 1-2 gigantic bombshells like idk zelda or mario kart 2 (9). Ports dont count as original new experiences, they are the opposite, nintendo, and lazy.

“people are going to stay home and play video games” is def old news, so why buy on that now, unless they expect carona to last like long term which is like basically what it sounds their really trying to say, which is super depresso.

Also, i’d buy dog food stock, since, ppl are going to start loading on that for dumping it on their keyboards to record youtube videos of their dogs playing d3 and clearing a rift using only it’s paws face and tongue, cuz like, how else could diablo 3 be entertaining at this age.

Sell blizz
Buy nintendo, buy chewy, or purina.
There’s my brooks bro’s suit and tie, oh wait, they went bankrupt, i mean, you get the pt. salt comes from interviewing out in nyc back in the day, during the mortgage crisis, iirc a hotel room was like half a grand a night, split, and it was the size of a like 4 canoes stacked in a square. like the 2nd worst time in the last 12 years to break into wall st, right now obviously is even worse lol. I take that lol back bc it’s serious and not funny, my bad.

Exactly because of this. Over the summer, people were starting to get the impression that corona might be over soon. Even among investors. Now it is getting more apparent that it will remain a problem for at least another 6 months, and likely much longer.
No matter if corona lasts 6 months or 2 years, that is short term for a company like Activision. The surge in players right here and now is nice and all, but the only thing that really matters is if they can keep those players after the virus is “gone”.

As for Activision, I think it is an terrible game company, that is potentially destroying itself in the long run. And sadly destroying Blizzard right here and now.
However, even ‘bad’ games sell, and Activision is seemingly good at selling ‘bad’ games.
Blizzard is probably not a good reason to buy Activision right now; though Shadowlands is a joker, that could be more succesful than expected at release. CoD is the main attraction currently.

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I’m getting the feeling COVID is here to stay with humanity for a very long time. From what I understand, it is gradually becoming weaker in severity of symptoms, but also becoming easier to spread… Just like numerous different common cold virus strains, several of which are in the coronavirus family. After it makes its way through the human population and mutating numerous times, it will probably end up adding several more virus strains to the common cold virus pool.

Maybe a good long term investment is to buy stock in P&G and other tissue manufacturers? :stuck_out_tongue:

Yeah, ‘problem’ was an important word in that sentence. If it remains, but fizzles out, like the common cold, it of course does not disappear, but it still goes away as a debilitating problem for society.

Yea sort of the whole “its gonna last longer” is what DB is going for.
Super agree Acti is amazing at selling bad games, tbh, any and all gigantic gaming co’s are bc brand name, and the saddest part is its from old devs mostly not all.

Like, “these devs years ago got us this brand that sells now, here, here’s some, misguided, one-sided deving, new release, under the impression we are involving all your choices, when who knows how much value they care or are read”. LIke a giant gaming co can make anything they want, as long as it “looks” decent, it will sell, bc as humans we all “Just have to” check it out. Ill buy D4 for exactly that reason, but for me, only that reason. To blizz, it doesnt matter why we buy a game, bc they’re already “there” and “brand”.

What if it did matter tho.
WHat if it did matter “is your game good 2 years later?”

Like, how back in the day, that was teh case, f/e idk, Diablo 1 era? WC1 era?
Like, the games had to be good more than 2 months or so, so the co can gain rep.

Its like the only thing stopping acti from selling something all over the place is if like unrealistically about everyone formed an opinion on the co based on it’s old devs leaving, and the direction it’s going, and decided it’s not worth buying a game “just to try it”. In fairness to blizz tho, compared to the brevik era, info-share is a gigantic mutated version of what it was in 00. Like, maaaaaasive difference. Video quality guides at your fingertips wherever you are as long as it has 4g or so.

Like, you can probably watch “how to beat diablo 2” videos in like, the middle of the ocean. And its not some text list of skills with paragraphs of explanations, its allllllll video, and usually by full time jobers who do good at their job, of explaining it well.

ITs so so so simple tho to hit the veteran market.
Cater to the gamer who doesnt want to be forced into using youtube to “win” at it.

ITs that simple.

F/e, diablo 2’s main play is playing a slot machine, and the results of that slot machine are NOT youtubable, you cannot type in youtube “how to get Andariel to drop more sojs for me this week”. All you can do is play more, youtube cannot up the odds once you have the ‘best’ build. Thats why d2 is so long term, as, collecting “all the items” takes a long time, no matter how much youtube you pump into it. That cannot be said for builds. Or where to hunt videos.
That’s exactly why diablo 3 isn’t long term, bc the item hunt is so tiny, and the build selection and i guess in-rift play, is so solved from youtube.

SO lesson 1 is do not make the game reward group play more than, and or especially way more than, solo play. Most vets play d2 solo, bc its not required to play group, which means they dont have to play meta. Like, Blizz doesnt even have to care about that anymore, bc they have the brand, they can make a game dominated by youtube videos showing meta comps, and it will sell big, yet isn’t the right fit.

And CoD, idk, shooters were never legit for me, just GE 64 and earlier games.
Once shooters went online, forget about it. I mean Halo 2 was pretty cool but that was my only dip into online shooter, take away the online, and still have multiplayer, thats when games get good bc you play with FREINDS not ONLINE friends you dont actually know well. Rant, my bad, agree w your post.

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Same, one of the only genre of games I cant be bothered to play, together with sports games. Sells like candy though.

Hardly ran up at all on the upgrade, probably a good short term pump after earnings, but I have to agree with Lando and that this market is extremely overbought right now - things like Activision stock will probably get left on the sidelines till after a larger sell off in the market, possibly after Election or even New Year.

I believe this is the case–and will be going into 2021.