Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Electronic Arts: an exciting update for stock traders

Electronic Arts: an exciting update for stock traders

Information is not investment advice

Electronic Arts will post the earnings data on Wednesday at 00:00 MT time (after the market closes).

Analysts expect EPS at 2.95 and revenue at $2,386. The chart below shows us that the expectations are higher compared to the previous two years. Looks impressive, right?

556345.png

Sourced by: Estimize

The EA’s stock has been recently added to the FBS MT5 terminal. Let’s see what’s so interesting about this company and its stock, and how you can take advantage out of its financial results.

What is Electronic Arts?

Electronic Arts, or simply EA, is a famous American videogame producer. It is the second-largest gaming company in the United States and Europe by revenue and market capitalization after Activision Blizzard. Its top games are Battlefield, Need for Speed, The Sims, Medal of Honor, Command & Conquer, Dead Space, and many more. The company is included in NASDAQ and S&P500. As we can see, there are plenty of reasons to trade the stock of EA now. Let’s look at its fundamental background in more detail.

Fundamental factors

The company survived the pandemic pretty well amid increased demand for games. It has jumped from its pre-Covid levels of around $110 to the all-time high of $150. The company benefited from in-game spending and more subscriptions that helped it to initiate its first dividend at the end of 2020.

Another positive factor is the launch of Xbox X by Microsoft. You may wonder what this news has to do with Electronic Arts. The thing is, the new Xbox’s cloud gaming Xbox Game Pass Ultimate provides access to EA Play – a platform with dozens of games from EA's catalog, including, but not limited to FIFA 20 and Madden. EA Play currently represents a small part of the game developer's business. At the same time, it's one of the most perspective factors for a long-term investment.

As for new games, the company plans to launch at least six of them on the Xbox Series X and PlayStation 5. We expect a new Battlefield and Need for Speed to be among them.

Technical outlook

The fundamental outlook is glowing, but what about the technical picture? After reaching the all-time high of $150 last week, the stock was driven down by the selling pressure in the stock market. On Friday, it bounced off the ascending trendline but the upside momentum was limited by the $144 level. If the earnings outperform forecasts from Wall Street, the stock will break the resistance at the $144 level and aim to retest the high of $150. Alternatively, we expect a plunge towards $136.4 with the following breakout to $130.

EADaily.png

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.
  3. Start!

Similar

US Interest Rate Slowdown?

The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later