Margins, revenues and earnings are improving at this retailer. EPS was $0.30 more than analysts’ estimates for the quarter, coming in at $1.22 per share.
Electronic Arts (EA)
from Nate’s Notes
Updated from ID 758, June 18, 2014
Though it is too early to say for sure, the fact that Electronic Arts’ (EA) stock is starting to creep higher again after going through a two-month consolidation period suggests to me that the odds are increasing that the next move will, in fact, be higher (with a move over $60 on good volume being the clue I will be looking for to convince me that I am right).
No, the stock is nowhere near as cheap as it was a year ago, but management at the company seems to have the train back on the tracks, and putting this piece of information on the fundamental side together with the fact that the stock is in a powerful uptrend suggests to me you should consider it as a possible “first buy” this month.
EA’s stock has been on a tear lately, and based on its great relative strength lately, it is a “top pick” this month. EA is now a strong buy under $54 and a buy under $60.
Nate Pile, Nate’s Notes, 707-433-7903, April 2015