Record Results for Activision Blizzard Push Share Price Higher

Activision Blizzard (Nasdaq: ATVI) reported earnings after the market closed yesterday (May 3rd), and the game company continues to exceed its own expectations:

  • Record net revenue of $1.97 billion, up from $1.73 billion (14% increase year-over-year)
  • Net income of $500 million, up from $426 million (17% increase YOY)
  • Earnings of $0.66 per share, up from $0.57 per share (15.8% increase YOY)

If you’ll recall from a few weeks ago, the main thing I was watching for in my investment in Activision Blizzard was its subscribers, first for its legacy products from big game franchises like Warcraft and Call of Duty, but also from its users of its mobile games. Though it no longer break out individual game titles, it did highlight some usage numbers from some of its flagship properties. Continue reading

What I Watch in My Stocks, Part 1

Now that I’ve covered how I personally invest, and even disclosed the holdings in the portfolio I manage, I thought I would breakdown why I chose the particular investments that I hold mentioned in my disclosure statement. All but Berkshire Hathaway (NYSE: BRK-A; NYSE: BRK-B) will be releasing quarterly earnings over the next two weeks. While the earnings releases probably won’t be the only trigger to sell any of these holdings, they are the first thing that I would examine if I think the company is no longer meeting my personal expectations.

For each of the 11 individual stocks* that I have purchased, I will provide a one word “driver” that I look at nearly anytime I see results from the company. There is obviously more than this one thing for each company, but as I was making a quick list, I realized that these were the things that jumped out for both reasons I will keep holding and why I would decide to sell. I am also going to include the earnings date, as applicable, for each company, and I intend to write a quick earnings review for each company after those earnings are released. Continue reading