According to recent polls, the chances of a Brexit, and thereby the EU possibly falling apart, increased to almost 50%. This and a China flop, a bolstered dollar, and dropping oil are all of the fear factors I mentioned in my last post.
The idea of Trump as president, combined with the Orlando massacre over the weekend, are punctuation marks on a feeling of terror that dragged the U.S. market down with Europe and China on Friday and Monday.
The hedged world large cap ETF that I follow, DBEF, reached a pivotal point on Friday, where a five-month uptrend met a one-year downtrend. The failure shown in the image is spectacular. I dumped Visa last Friday at break even, so I’m once again sitting on the sidelines, looking for a spot to buy.
NVidia was by far the strongest stock I was following today, soaring even more in the wake of an analyst upgrade believing in even more upside.
The CEO of Electronic Arts appeared on CNBC today. The highlights of the short interview:
- Star Wars game for Sony’s VR headset. There are physiological design issues.
- Three more Star Wars games coming for EA.
- Microsoft’s new VR-focused console will drive more sales.
- Things are awesome.
It should be noted that EA’s Star Wars games are all made by different game studios, published by EA. So it looks like they are throwing everyone and Uncle Joe at making Star Wars games, and therefore profit. This seems definitive for the ethics of EA.
So how can you bash Blizzard when you see the business tactics of EA and Bethesda?
I was excited to hear that Bethesda is doing a new Quake game next, but I was then devastated to hear it’s another arena style tournament game. Quake: Champions will be an arena game with tournaments and leagues. This is lame. This isn’t even Quake.
EA’s stock was down -1.4% today, on a day when it should have been sailing. Sony’s stock was punished even more for its big run up to E3, at -1.8%.
Blizzard showed relative strength today, and Intel was also a rare stock in the green with NVidia. Microsoft was beaten down -2.6% for its announcement that it is purchasing LinkedIn for a pricey 26.2 billion.
Microsoft is a little less of a gaming stock play now, and more of a corporate cloud ecosystem.
FIFA 17 Gets A Story Mode
Are you kidding, EA? Star Wars: Battlefront has no story, but FIFA soccer gets a story mode with a Mass Effect style dialogue wheel? Is this April 1st?
“People wanted to see a little bit more beyond the pitch,” Senior producer Nick Channon says. “We looked at the game itself and where could we improve, and what could we add? And we felt it was a good time to add new major mode. We felt narrative story was something that had been missing.”
I have to say that Battlefield I, set in WW1, looks fabulous. I love historical reproduction type games (like Mafia). It seems a little sacrilegious to turn a tragic world war into fun arena-style entertainment though.
In other news, DLC for games are now called “expansions.” And that’s all for this quickie excerpt from the recent news. Prayers and thoughts for the victims in Orlando and their families.