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Pre-Weekend Moves for Friday, November 9, 2018 as AMC and Activision (ATVI) Plunge; Disney Stock Rises

Pre-Weekend Moves for Friday, November 9, 2018

$ATVI Activision imploded in after-hours trade after the company narrowly missed consensus forecast on revenue. EPS was guided lower, too.

As I posted earlier this week, ATVI is out of touch with its customer. That Diablo 3 mobile announcement. Tasteless.

$ATVI, ACTIVISION BLIZZARD INC / H1

Should speculators really act surprised over $ATVI? The CoD launch was priced in but the stock acted weak for weeks ahead of the ER. $EA underperformed also.

$DIS Disney is a champ. Revenue sharply sailed past estimates by hundreds of millions.

$DIS, WALT DISNEY CO/THE / H1

$DBX Dropbox is back. After a rough quarter last round, the company reported strong results. 

$AMC completely missed analyst targets. Rough. It’s the MoviePass wannabe and that did not pay off. Investors got tricked.

$AMD is still toying with both bulls and bears. The stock fell on the day but is holding the $20 - $21 level. Bulls are willing to pay the premium.

$AMC, AMC ENTERTAINMENT HLDS-CL A / H1

Himax $HIMX slumped. Badly. The pre-announcement did nothing to prevent the selling. Buy the dip? 3D sensing is dead. So is $QCOM stock.

$HIMX, HIMAX TECHNOLOGIES INC-ADR / H1

Incidentally, $QCOM will not win against $AAPL. That money’s gone. The loss is not priced in the stock yet.

What are you trading on Friday? Do you hold Activision stock?

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