CHICAGO, Nov. 19, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the GameStop Corp. (NYSE:GME-Free Report), Microsoft (Nasdaq:MSFT-Free Report), Sony (NYSE:SNE-Free Report) and Best Buy Co., Inc. (NYSE:BBY-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday's Analyst Blog:
GameStop Bundles Games, Offers Deals for Black Friday
GameStop Corp. (NYSE:GME-Free Report) is gearing up for the busiest shopping season of the year. Media reports have unveiled that the videogame retailer is coming up with exciting Black Friday deals to attract consumers. The company is set to introduce new video games for Microsoft's (Nasdaq:MSFT-Free Report) Xbox One, the Nintendo Wii U and Sony's (NYSE:SNE-Free Report) PlayStation 4.
This Grapevine, TX-based company is offering discounts on consoles, games and accessories. Some of the deals include Xbox 360 20GB Refurbished Blast from the Past System Bundle, including six Free Games for $129.99 (priced at $185.92); Xbox One Limited Edition Call of Duty: Advanced Warfare Bundle for $449.99 (priced at $499.99); PlayStation 3 40GB Refurbished Blast from the Past System Bundle, including five Games for $159.99 (priced at $243.94) and PlayStation TV System Bundle for $99.99 (priced at $139.99).
GameStop, which competes with Best Buy Co., Inc. (NYSE:BBY-Free Report), is also offering Xbox One with Assassin's Creed Unity and Assassin's Creed IV: Black Flag for $329.99 and a PlayStation 4 with copies of Grand Theft Auto V andThe Last of Us Remastered Bundle for $399.99.
It seems that the company, which is going to report in a couple of days, will leave no stone unturned to lure game lovers. GameStop will come out with its third-quarter fiscal 2014 results on Nov 20, and our proven model shows that it is likely to beat earnings estimates this quarter. This is because it has a favorable combination of a Zacks Rank #3 (Hold) and a positive Earnings ESP of 1.61%.
We believe that GameStop is well poised to take advantage of the growing market for video game products and PC entertainment software. The company continues to branch out and has evolved as a mixed retailer of physical and digital gaming as well as electronics products.
The company's venture into digital, iDevice and gaming tablet businesses would be accretive to its results. In the trailing four quarters, it had outperformed the Zacks Consensus Estimate by an average of 4.6%.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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