Glu Mobile’s (NASDAQ:GLUU) decision to spend $45.5 million in cash on little-known US game developer Crowdstar in November 2016 took the industry by surprise.
An overfunded startup from the early days of free-to-play gaming on Facebook and then mobile devices, Crowdstar raised $49 million in four rounds but didn’t have its first hit game Covet Fashion – The Game for Dresses & Shopping until 2014.
In fact, it’s not really a game. It’s more an interesting combination of online shopping and dressing up digital avatars for fellow players to vote on. Yet, that deep niche and a focus on doing deals with real-world brands (Calvin Klein, Sephora, French Connection) has seen Covet Fashion build a strong, mainly female, audience.
Figures from its website cite 600,000 daily active users or players (DAUs) and 3 million monthly active players.
More significantly, the game has been in the top 100 top grossing charts for the Apple App Store and Google Play store in key English-speaking markets such as the US, Canada, Australia and the UK (all countries that rank in the global top 10 most lucrative mobile markets) since mid-2014.
Hot Heal Care Stocks To Invest In Right Now: Grifols, S.A.(GRFS)
- [By Monica Wolfe]
Grifols SA (GRFS)
Paulsons fourth largest holding is in Grifols SA where he holds on to 19,786,279 shares of the companys stock. His position in the company represents 4% of his total portfolio and 5.76% of the companys shares outstanding.
Hot Heal Care Stocks To Invest In Right Now: Sina Corporation(SINA)
- [By Lisa Levin] Gainers
Cocrystal Pharma, Inc. (NASDAQ: COCP) rose 15.3 percent to $2.41 in pre-market trading after declining 25.09 percent on Thursday.
Expedia Group, Inc. (NASDAQ: EXPE) shares rose 10.7 percent to $117.75 in pre-market trading after the company reported stronger-than-expected earnings for its first quarter on Thursday.
DMC Global Inc. (NASDAQ: BOOM) rose 10.6 percent to $35.00 in pre-market trading after reporting Q1 results.
Genprex, Inc. (NASDAQ: GNPX) rose 10.2 percent to $12.12 in pre-market trading after climbing 86.76 percent on Thursday.
Sprint Corporation (NYSE: S) shares rose 7 percent to $6.42 in pre-market trading on reports that the company has made progress on merger talks with T-Mobile.
Amazon.com, Inc. (NASDAQ: AMZN) rose 6.9 percent to $1,621.95 in pre-market trading after the company posted upbeat results for its first quarter. The company sees second quarter operating income of $1.1 billion – $1.9 billion and sales of $51 billion – $54 billion.
Riot Blockchain, Inc. (NASDAQ: RIOT) shares rose 5.5 percent to $7.88 in pre-market trading after gaining 1.49 percent on Thursday.
Intel Corporation (NASDAQ: INTC) rose 5.3 percent to $55.86 in pre-market trading as the company reported better-than-expected results for its first quarter and also raised its FY18 sales outlook.
8×8, Inc. (NASDAQ: EGHT) rose 5.3 percent to $21.00 in pre-market trading.
Southwestern Energy Company (NYSE: SWN) shares rose 5.1 percent to $4.75 in pre-market trading as the company reported better-than-expected earnings for its first quarter.
Diamond Offshore Drilling, Inc. (NYSE: DO) rose 5 percent to $20.24 in pre-market trading.
Baidu, Inc. (NASDAQ: BIDU) rose 4.5 percent to $249.50 in pre-market trading following upbeat Q1 profit.
Charter Communications, Inc. (NASDAQ: CHTR) rose 4.3 percent to $311 in pre-market trading. Charter is expected to release quarterly earnings today.
SINA Corporation (NASDAQ: SINA) shares rose 3.9 pe
- [By Shanthi Rexaline]
SINA Corp (NASDAQ: SINA), which has a stake in Weibo, also tumbled.
Weibo confirmed that the State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China or SAPPRFT has ordered local authorities to take measures to suspend audio and video services of some internet companies.
- [By Steve Symington]
Shares ofSINA Corporation(NASDAQ:SINA)rose 25.8% in 2016,according to data from S&P Global Market Intelligence, following a pair of stronger-than-expected quarterly reports from the Chinese internet leader in the second half.
- [By Leo Sun]
Warren Buffett famously told investors to be “fearful when others are greedy, and greedy when others are fearful.” Dedicated followers of that mantra would probably dismiss Chinese online media giant SINA (NASDAQ:SINA) — which rallied 120% over the past 12 months to a six-year high — as a “greedy” play.
- [By Ezra Schwarzbaum]
It was quickly followed by two other Chinese social media sites: SINA Corp (NASDAQ: SINA) and Momo Inc (ADR) (NASDAQ: MOMO).
Weibo issued a press release later in the day saying it would cooperate with the State Administration of Press, Publication, Radio, Film and Television.
Hot Heal Care Stocks To Invest In Right Now: Advanced Semiconductor Engineering, Inc.(ASX)
- [By Lisa Levin]
In trading on Tuesday, technology shares rose by just 0.2 percent. Meanwhile, top losers in the sector included Advanced Semiconductor Engnrng Inc (ADR) (NYSE: ASX), down 6 percent, and Bitauto Hldg Ltd (ADR) (NYSE: BITA) down 6 percent.
- [By WWW.THESTREET.COM]
Cramer was bearish on Prudential (PRU) , Advanced Semiconductor Engineering (ASX) and ZTO Express (ZTO) .
Read more of Cramer’s comments about the stocks in the Lightning Round.
- [By Lisa Levin]
In trading on Tuesday, technology shares rose by just 0.1 percent. Meanwhile, top losers in the sector included Advanced Semiconductor Engnrng Inc (ADR) (NYSE: ASX), down 6 percent, and QAD Inc. (NASDAQ: QADB) down 5 percent.
Hot Heal Care Stocks To Invest In Right Now: Jacobs Engineering Group Inc.(JEC)
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Jacobs Engineering Group Inc. (NYSE: JEC) which rose about 9% to $64.92. The stocks 52-week range is $49.31 to $65.29. Volume was1.8 million compared to its average volume of less than 1 million.
- [By Ben Levisohn]
Lee offers 22 stocks that could benefit from the correlation trade: Western Digital (WDC), Xerox (XRX), First Solar, Ford Motor, Best Buy (BBY), PulteGroup (PHM), AutoNation (AN), Textron (TXT), Jacobs Engineering Group (JEC), Mosaic, BB&T (BBT), Fifth Third Bancorp (FITB),Loews (L), Regions Financial (RF), KeyCorp (KEY), Comerica (CMA), Leucadia National (LUK), Zions Bancorp (ZION), Valero Energy (VLO), Marathon Oil, Cardinal Health (CAH), and Pepco Holdings (POM).
- [By ]
Jacobs Engineering (NYSE: JEC) recently closed its $3.3 billion acquisition of CH2M, which gives the firm a scale advantage in environmental cleanup and increases its capabilities across infrastructure. Jacobs is particularly strong in the aerospace and technology segment, closing multi-year awards last year for NASA and the Missile Defense Agency.