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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Electronic Arts Inc.    EA


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Wall Street steady, in holding pattern as Biden edges closer to victory

11/06/2020 | 02:25pm EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Biden takes narrow lead in Georgia, Pennsylvania

* Tech heavyweights slip after sharp weekly gains

* S&P 500, Nasdaq track best week since April

* Dow down 0.21%, S&P 500 up 0.04%, Nasdaq up 0.13%

NEW YORK, Nov 6 (Reuters) - U.S. stocks held near unchanged on Friday after strong gains this week as Democratic challenger Joe Biden edged closer to victory in the presidential election, while the monthly jobs report underlined the economic challenge facing America.

Biden extended narrow leads in Pennsylvania and Georgia, putting him on the verge of winning the White House, although President Donald Trump has filed lawsuits in battleground states to contest the results.

The three benchmark U.S. stock indexes were on track for their biggest weekly percentage gains since April as the prospect of a policy gridlock in Washington eased worries a Biden administration might tighten regulations on U.S. companies.

"It’s not fairytale land, we don’t go up every day so at some point you would think we would see a little bit of downward pressure," said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago.

Control of the U.S. Senate could hinge on four as-yet undecided races. If Republicans retain their majority, they would likely block large parts of Biden's legislative agenda, including expanding healthcare and fighting climate change.

"If that is not a split congress, let’s face it, that is one of the reasons we rallied this week – it has less to do with the stimulus and more to do with a long-term view," Kinahan said.

The government's closely watched report showed unemployment dropped sharply to 6.9% last month from 7.7% in September, but job recovery slowed as fiscal support waned and coronavirus cases surged.

After the jobs report, U.S. Senate Majority Leader Mitch McConnell said economic statistics indicated Congress should enact a smaller coronavirus stimulus package that is highly targeted at the pandemic's effects.

The Dow Jones Industrial Average fell 60.93 points, or 0.21%, to 28,329.25, the S&P 500 gained 1.27 points, or 0.04%, to 3,511.72 and the Nasdaq Composite added 15.86 points, or 0.13%, to 11,906.79.

Coty Inc surged 17.63% as the cosmetics maker beat analysts' estimates for quarterly revenue, while T-Mobile US Inc gained 5.61%% after adding more phone subscribers than analysts had expected in the third quarter.

Electronic Arts Inc slumped 6.52% after the video game maker fell short of quarterly sales estimates.

Declining issues outnumbered advancing ones on the NYSE by a 1.29-to-1 ratio; on Nasdaq, a 1.41-to-1 ratio favored decliners.

The S&P 500 posted 43 new 52-week highs and no new lows; the Nasdaq Composite recorded 123 new highs and 24 new lows.

(Reporting by Chuck Mikolajczak; Editing by David Gregorio)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.38% 30930.52 Delayed Quote.0.68%
ELECTRONIC ARTS INC. 1.75% 141.43 Delayed Quote.-1.51%
NASDAQ 100 1.50% 12996.536673 Delayed Quote.0.84%
NASDAQ COMP. 1.53% 13197.179496 Delayed Quote.0.86%
S&P 500 0.81% 3798.91 Delayed Quote.1.14%
T-MOBILE US 2.02% 129.85 Delayed Quote.-3.71%
01/19INSIDER TRENDS : Insider Disposition Eases Back 90-Day Buy Trend at Electronic A..
01/18U.K. Gets In on Global M&A Surge
01/15INSIDER TRENDS : Insider Disposition Eases Back 90-Day Buy Trend at Electronic A..
01/14ELECTRONIC ARTS : Deutsche Bank Adjusts Electronic Arts PT to $145 From $144, Ma..
01/13Communications Services Up Amid Deal Speculation -- Communications Services R..
01/13CODEMASTERS : Stock Sheds 7% as Take-Two Lapses Takeover Offer
01/13Take-Two Interactive Software's Offer for Codemasters Group Lapses
01/12ELECTRONIC ARTS : EA to Release Third Quarter Fiscal Year 2021 Results on Februa..
01/05INSIDER TRENDS : 90-Day Insider Buying Trend Slowed with Sale of Electronic Arts..
01/05INSIDER TRENDS : Insider Disposition Eases Back 90-Day Buy Trend at Electronic A..
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Financials (USD)
Sales 2021 5 962 M - -
Net income 2021 969 M - -
Net cash 2021 5 399 M - -
P/E ratio 2021 41,0x
Yield 2021 0,10%
Capitalization 40 994 M 40 994 M -
EV / Sales 2021 5,97x
EV / Sales 2022 5,61x
Nbr of Employees 9 800
Free-Float 99,6%
Duration : Period :
Electronic Arts Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ELECTRONIC ARTS INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 150,64 $
Last Close Price 141,43 $
Spread / Highest target 28,5%
Spread / Average Target 6,51%
Spread / Lowest Target -16,6%
EPS Revisions
Managers and Directors
Andrew P. Wilson Chief Executive Officer & Director
Lawrence F. Probst Chairman
Blake J. Jorgensen Chief Operating & Financial Officer
Kenneth Moss Chief Technology Officer
Leonard S. Coleman Independent Director
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