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[ad_1] The post Gaming Stocks: Top 10 Stocks to Bet on in the Video Game Industry appeared first on Millennial Money. The video game industry is anything but child’s play. Consider that the gaming market was worth $151 billion in 2019 and it’s expected to nearly double in size by 2027. Many companies spend years and millions of dollars creating hit games for which consumers pay a pretty penny, play for years, and then fork over additional money to pay for content updates and in-game purchases. And it’s not just console games that bring in the big bucks. Mobile gaming has exploded over the past few years and now accounts for half of all video game revenue.  And therein lies the potential for investors. Consumers are spending more on video games than ever before and they’re not quitting this market any time soon.   Below, we’ll take a look at the top 10 gaming stocks for investors that have the potential to dominate the industry for years to come.  Best Video Game Stocks for Investing Activision Blizzard Take-Two Interactive Software Electronic Arts Capcom Roblox Corporation Tencent Holdings Zynga Sony Group Microsoft Nintendo Activision Blizzard (NASDAQ: ATVI) We’re kicking off our gaming stock list with one of the biggest and most influential publicly traded gaming companies. Activision Blizzard is extremely important to the industry.  Even if you’re not a gamer, you’ve still probably heard of these video games: Call of Duty, World of Warcraft, and Candy Crush Saga. What do they all have in common? You guessed it: they were all distributed by Activision Blizzard. To give you an idea of just how big a player Activision is in the gaming space, consider that in 2020 the company’s Call of Duty franchise had more than 100 million monthly active players. From just one franchise!  The company experienced a banner year—thanks in part to so many people spending time at home because of the pandemic—with revenue climbing 24% and reaching an astonishing 400 million players around the world.    Activision spreads its gaming love across multiple platforms these days, with titles on gaming consoles, mobile, and PC games. Even with the company’s impressive 2021 results, it expects its gaming development pipeline is on track “to fuel further growth in 2022 and beyond.”  And if you’re still thinking gaming is just for kids, consider that if you invested in Activision when it released its first Call of Duty game in 2003, you’d be sitting on gains of 5,000%.  Take-Two Interactive Software (NASDAQ: TTWO) Take-Two is a towering presence in the video game industry thanks to the long-running and still massively popular Grand Theft Auto (GTA) franchise. Side note: You’re probably starting to see that winning franchises are very important in the gaming market. And GTA has proven to be a runaway success for Take-Two.  After Grand Theft Auto V was released back in 2013, the game generated $1 billion in sales in just three days. And it’s now the second-best-selling game of all time with more than 135 million copies sold.  Why are we talking about a game that was released nearly a decade ago? Because Grand Theft Auto V was still one of the best-selling games in 2020. That’s right, more than eight years after the game was released, it continues to be a top-seller, thanks to the online version of the game that can be played on newer consoles.  And with GTA 5 and GTA Online coming to the new Xbox Series X, Xbox Series S, and PlayStation 5 (PS5) very soon, this franchise continues to print money for Take-Two.  But lest you think Take-Two is just a one-trick pony, consider that the company also makes the massively popular NBA 2K and Red Dead Redemption, and has plans to release 93 new games in the next five years. Electronic Arts (NASDAQ: EA)  Another behemoth in the gaming industry is Electronic Arts and its insanely popular sports games that include both Madden NFL and FIFA. The latest version of FIFA already has more than 25 million PC and console players and the company said that Madden had a “record number of new players” in fiscal year 2021. Those two gaming titles are also very important to the company because of the fast-growing esports markets. EA hosts esports competitions between players for both of those games, creating a tournament-style game for its customers.  But EA is more than just sports. The company also creates the hit Star Wars games, Battlefield, and the epic battle royale title Apex Legends. To give you just a hint of the scale of Apex Legends, the company said at the end of its fiscal year 2021 that Apex had more than 100 million players over the lifetime of the game, and Season 8 of the game had more than 12 million weekly average players.  And then there are EA’s mobile gaming ambitions. The company acquired Glu Mobile in mid-2021, helping EA to expand its network of 100 million monthly active mobile players and “creating a market-leading portfolio of more than 15 top live services.”  Capcom (OTC: CCOEF) Even casual gamers will recognize Capcom as the company has been around nearly as long as the video game industry itself.  Capcom built its name on titles like Mega Man and Street Fighter—and it still has current versions of the games—but it’s also expanded its reach with popular franchises including Resident Evil and Monster Hunter.  The company may not have the breakaway hits some of its peers are producing, but that doesn’t mean investors should overlook this industry titan. Capcom has had eight consecutive years of operating income growth and four years of record high profits.  More to the point, if you’d invested in Capcom just five years ago you’d be sitting on gains of 450%.  Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years

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[ad_1] The post What to Expect When Snowflake Reports Earnings appeared first on Millennial Money. Data warehousing specialist Snowflake (NYSE: SNOW) is set to report fiscal first quarter earnings on Wednesday after market close. Snowflake was one of the hottest IPOs of last year, but the stock has been weak in recent months as investors have been shunning growth-oriented technology companies. A strong earnings release could potentially improve investor sentiment. Here’s what to expect from Snowflake’s forthcoming quarterly report, and areas for investors to keep an eye on. What Snowflake and Wall Street are forecasting Snowflake’s guidance for the fiscal first quarter calls for product revenue to jump 92% to 96% to a range of $195 million to $200 million. Wall Street analysts are modeling for $212.9 million in total sales. Note that Snowflake only provides an outlook for product revenue and not total revenue, although the vast majority of sales comes from product revenue.  The company is forecasting an adjusted operating margin of negative 23%, which would represent a modest sequential improvement from the adjusted operating margin of negative 24% last quarter. 4 core metrics to watch There are a handful of core metrics commonly used by software-as-a-service (SaaS) companies.  Investors will want to see if Snowflake can keep its industry-leading net revenue retention rate, which measures spending from existing customers. Snowflake’s net revenue retention rate in the fiscal fourth quarter was 168%. On the last earnings call, CFO Mike Scarpelli said that he expects the company’s net revenue retention rate to remain above 160% throughout the year. Snowflake’s usage-based model means that it makes more money as its customers increase utilization of its services. Remaining performance obligation (RPO) is another important figure to watch. RPO represents contracted future revenue that has not been recognized yet but can be seen as a pipeline for sales. RPO more than tripled last quarter to $1.3 billion, of which 55% is expected to be recognized within the next year. Investors will want to see if Snowflake can maintain this momentum. Another two important metrics will be total customers and the number of customers contributing over $1 million in annual revenue, which stood at 4,139 and 77 respectively, as of last quarter. Snowflake has been targeting large enterprise organizations, including adding 19 Fortune 500 companies as customers last quarter. “Often, engagements begin with a migration of legacy data warehouse platforms,” CEO Frank Slootman said in March. “We have engaged in over 75 legacy migrations last year and we have identified many more for this year.” Looking ahead Snowflake also previously issued guidance for the full fiscal year 2022, with product revenue expected to be in the range of $1 billion to $1.02 billion. That forecast assumes an acceleration of migrations from legacy solutions, and Snowflake could potentially raise its guidance if it continues to build sales momentum. The company’s focus this fiscal year is to “turbocharge” its Snowflake Data Cloud while expanding the Snowflake Marketplace, according to Slootman. After the earnings release, the company also plans to host an investor day on June 10. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Click here to learn more The post What to Expect When Snowflake Reports Earnings appeared first on Millennial Money. [ad_2] Source link

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[ad_1] It’s the moment everyone fears: in the frenzy to close a house sale, commitment to fraud preventions falters. Busy professionals involved in the sale override their own cautions about fending off wire fraud by reverting to tried-and-true email addresses to convey the most sensitive financial information. Trying to keep with the drive to the finish line, the harried consumer let down their guard. Instead of questioning email directions from their agent, title insurer or lender, the consumer hits ‘reply.’ And just like that, coordinates for a wire fraud transfer of tens of thousands of dollars —­ even a lifetime of home equity — disappear. A digital thief hijacked the transaction, redirected the money, and disappears, leaving the shocked consumers, real estate agent, title insurer, lender and others to pick up the pieces. Fraud prevention was slowly escalating as an industry priority when 2020’s strange confluence of factors hit.  The pandemic accelerated the use of digital tools and platforms to effect closings, while also tangling many house sales in a patchwork of paper and online functions. As the pandemic recovery takes hold, a robust housing market has pulled fraud prevention back on track. Houses are selling faster than ever, and for more money than ever. COVID-catalyzed changes are formalizing into new fraud prevention standards, even though some in the residential real estate industry have yet to fully come on board. Digital fraud comes at real estate transactions in several forms. Released in March, the 2020 report of the Federal Bureau of Investigations’ internet crimes operation documents significant increases in each of the categories most pertinent to residential sales: This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 per day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office BECOME A MEMBER TODAY Already a member? log in The post Wire Fraud: Are you the weakest link? appeared first on HousingWire. [ad_2] Source link

[ad_1] The post Virgin Galactic Stock Takes Off on Successful Test Flight appeared first on Millennial Money. It’s been over two years since Virgin Galactic’s (NYSE: SPCE) last test flight, but the company just pulled off a major milestone over the weekend. Virgin Galactic completed its third spaceflight on Saturday, inspiring space enthusiasts and investors alike. The news also sent Virgin Galactic shares into the stratosphere, with the stock up 18% as of 12 p.m. EST Monday. Here’s what Virgin Galactic investors need to know. Liftoff The spacecraft, known as VSS Unity, was able to reach Mach 3 after being released from the mothership, VMS Eve. VSS Unity achieved an altitude of 55.45 miles with human pilots CJ Sturckow and Dave Mackay aboard, before returning to Earth. The Unity is capable of carrying up to six passengers in addition to the pilots, and Virgin Galactic has ambitious plans for commercial space travel and tourism. 60 seconds of rocket burn, straight into space. #UNITY21 #VirginGalactic pic.twitter.com/yc87hWRLxc — Virgin Galactic (@virgingalactic) May 22, 2021 “Space travel is a bold and adventurous endeavor, and I am incredibly proud of our talented team for making the dream of private space travel a reality,” Virgin Galactic CEO Michael Colglazier said in a statement. “We will immediately begin processing the data gained from this successful test flight, and we look forward to sharing news on our next planned milestone.” The company also delivered a scientific payload as part of NASA’s Flight Opportunities program, generating a small amount of revenue in the process. Virgin Galactic will now proceed to review and analyze all of the test data that was gathered from the mission and move on to the next milestone. The announcement comes months after Virgin Galactic had to abort the previous test flight due to an issue related to engine ignition. Virgin Galactic stock plummeted back in December following that aborted mission. One small step closer to commercialization The successful flight is an important milestone on Virgin Galactic’s path towards commercialization. The company remains in the development phase and reported no revenue in the first quarter, leading to a net loss of $130 million. Virgin Galactic had $617 million in cash at the end of March, which will help fund operations for many quarters. Virgin Galactic must achieve two more milestones before securing regulatory clearance from the FAA to commence regular flights. Billionaire founder Sir Richard Branson plans to ride on one of the forthcoming test flights, which is around the time that Virgin Galactic plans to re-open ticket sales. Pick Like A Pro Where to invest $500 right now Before you buy Amazon, or Netflix, or Apple, consider this… The team at Motley Fool first recommended each of those stocks more than a dozen years ago! They discovered Netflix for $1.85 per share, back in the days of DVDs by mail. And recommended Amazon at $15.31 in 2002, before most people were comfortable using credit cards online. And even hit Apple at $4.97 per share, about a month before the release of the very first iPhone. Check out where those stocks are today. The bottom line: a $500 investment in all three of these stocks would be worth more than $200,000 today! And here’s why that’s important: The Motley Fool’s flagship investing service Stock Advisor just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you’ll want to get the full details! Click here to learn more The post Virgin Galactic Stock Takes Off on Successful Test Flight appeared first on Millennial Money. [ad_2] Source link