ASML price target raised to EUR 437 from EUR 408 at JPMorgan » 12:1501/1501/15/21
JPMorgan analyst Sandeep…
JPMorgan analyst Sandeep Deshpande raised the firm's price target on ASML to EUR 437 from EUR 408 and keeps an Overweight rating on the shares.
Activision's 'COD: Black Ops: Cold War' best-selling game of 2020, says NPD » 10:5401/1501/15/21
ATVI, NTDOY, OTGLY, SNE, MSFT, UBSFY, CCOEY, TCEHY, EA, TTWO
NPD analyst Mat…
NPD analyst Mat Piscatella said that Activision's (ATVI) "Call of Duty: Black Ops: Cold War" was the best-selling game of both December as well as 2020, while "Call of Duty: Modern Warfare" was 2020's 2nd best-seller. "Call of Duty" ranked as the best-selling gaming franchise in the U.S. market for a record 12th consecutive year. Nintendo's (NTDOY) "Animal Crossing: New Horizons" was 2020's 3rd best-selling title, and the 6th best-selling game of December. In 2020 the title achieved the highest physical dollar sales for a Nintendo published game in a calendar year since Wii Fit Plus in 2010. CD Projekt's (OTGLY) "Cyberpunk 2077" debuted as the #2 best-selling game of December, and the 19th best-selling game of 2020, despite the lack of digital tracking. Sony's (SNE) "The Last of Us: Part II" finished 2020 as the year's 6th best-selling title overall. "The Last of Us: Part II" now ranks as the 3rd best-selling Sony published game in U.S. history in dollar sales, trailing only "Marvel's Spider-Man" and 2018's "God of War." Half of the top 20 best-selling games of December 2020 were published by Nintendo, Piscatella said. Other companies in the video game software space include Microsoft (MSFT), Ubisoft (UBSFY), Capcom (CCOEY), Tencent (TCEHY), Electronic Arts (EA), and Take-Two (TTWO). Reference Link
December video game spending grew 25% y/y to $7.7B, says NPD » 10:5101/1501/15/21
SNE, MSFT, ATVI, TTWO, GME, NTDOY, EA, UBSFY
NPD analyst Mat…
NPD analyst Mat Piscatella said that December 2020 consumer spending across video game hardware, content and accessories reached a December record $7.7B, 25% higher when compared to a year ago. Full year spending also set a new record, totaling $56.9B, 27% higher than 2019. Hardware dollar sales reached $1.35B in December 2020, an increase of 38% when compared to a year ago, and the highest total for a Decemeber month since the $1.37B achieved in December 2013. Annual hardware dollar sales totaled $5.3B, 35% higher than 2019, and the most since $5.6B was reached in 2011. The Nintendo Switch (NTDOY) was the best-selling hardware platform in units and dollars for both December and the 2020 year. Annual dollar sales of Switch hardware were the 2nd highest for a platform in U.S. history. Only the 2008 dollar sales of Nintendo Wii were higher. Sony's (SNE) PlayStation 5 finished 2020 as the #2 best-selling console in dollar sales, while PlayStation 4 ranked 2nd in units sold. PlayStation 5 set a new dollar sales record for PlayStation hardware through each platform's first December. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Microsoft (MSFT), Sony (SNE), Nintendo (NTDOY), Take-Two (TTWO) and Ubisoft (UBSFY). Reference Link
SAP names Julia White as Chief Marketing and Solutions Officer » 07:1901/1501/15/21
SAP announced that the…
SAP announced that the Supervisory Board appointed Julia White and Scott Russell to the Executive Board. White will take a new Executive Board role as chief marketing and solutions officer. Russell will head SAP's Customer Success organization. He will succeed Adaire Fox-Martin, who has informed the Supervisory Board that she will depart the company at the end of the month.
Chubb CFO Philip Bancroft to retire, Peter Enns to succeed » 06:3801/1501/15/21
Chubb (CB) announced that…
Chubb (CB) announced that Philip Bancroft, executive VP of Chubb and CFO, plans to retire from the company on July 1 after 19 years of service. Peter Enns has agreed to join the company on or before April 1 as executive VP, finance, Chubb Group and succeed Mr. Bancroft upon his retirement. Enns has more than 30 years of finance and investment banking experience. Enns held a number of roles with HSBC (HSBC), including his last assignment as global co-head of investment banking coverage based in Hong Kong. Enns will report to Evan Greenberg, chairman and CEO, and join the company's executive committee. Bancroft is expected to remain with the company in an advisory capacity for the balance of the year and be available to support Enns.
Microsoft, Oracle, Salseforce, others form Vaccination Credential Initiative » 18:4701/1401/14/21
ORCL, MSFT, CRM, CERN, CHNG
A group of health and…
A group of health and tech companies that includes Oracle (ORCL), Microsoft (MSFT), Cerner (CERN), Change Healthcare (CHNG), and Salesforce (CRM) is working on an inititiave known as the Vaccination Credential Initiative. The VCI is a coalition of public and private partners committed to empowering individuals with digital access to their vaccination records based on open, interoperable standards so they can protect and improve their health, and demonstrate their health status to safely return to travel, work, school and life while protecting their data privacy. Participating health organizations agree to provide individuals with digital access to their vaccination records using the open, interoperable SMART Health Cards specification based on W3C Verifiable Credential and HL7 FHIR standards and be listed in a common registry of issuers. Vaccination Data Sources can provide individuals with access to their SMART Health Cards. Reference Link
Airbnb CEO says travel will permanently change due to pandemic, Reuters says » 18:1101/1401/14/21
Airbnb CEO Brian Chesky…
Airbnb CEO Brian Chesky forecast that travel would forever be changed due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family, Reuters' Subrat Patnaik reports. At the Reuters Next conference, Chesky said in an interview with Reuters' Jonathan Weber that travelers are "yearning for what was taken away from them." "They're not yearning to see Times Square," he said. "What they are yearning to do is to see their friends and their families they have not seen in a long time." Reference Link
SAP sees FY21 non-IFRS operating profit EUR6.62B, up 48% » 17:5301/1401/14/21
Sees FY21 non-IFRS…
Sees FY21 non-IFRS revenue EUR27.34B, down 1%. "In a uniquely challenging environment, 2020 was a record year for cash flow in every single quarter and the full year," said CFO Luka Mucic. "Our better-than-anticipated top line performance combined with our quick response on the cost side drove strong operating profit. SAP's expedited shift to the cloud will drive long-term, sustainable growth while significantly increasing the resiliency and predictability of our business."
SAP reports preliminary Q4 non-IFRS operating profit EUR2.65B, up 26% » 17:5101/1401/14/21
Reports preliminary Q4…
Reports preliminary Q4 non-IFRS revenue EUR7.54B, down 6%. "The world's leading companies are turning to SAP to become intelligent enterprises," said CEO Christian Klein. "We are reinventing how businesses run by accelerating our customers' transformation in the cloud. Our strong finish to the year and the upcoming launch of our new holistic business transformation offering position us well to meet our new outlook targets."
Airbnb initiated with a Hold at Truist » 16:1101/1401/14/21
Truist analyst Naved Khan…
Truist analyst Naved Khan initiated coverage of Airbnb with a Hold rating and $154 price target. While Airbnb's leading position and growing popularity position it for outsized growth, he believes high expectations are already priced into the stock given the current valuation, Khan tells investors.