Melqart Asset Management’s Latest Gaming and Tech Stock Moves

Michel Massoud’s Melqart Asset Management is an event-driven hedge fund that was founded by Massoud in 2015. Melqart employs a fundamental bottom-up approach to portfolio construction and utilizes three main sub-strategies, which are merger arbitrage, sub-investment grade credit, and special situations equity. By 2017 the fund’s assets had already risen to over $600 million, prompting […]

Video Game Maker Activision Blizzard Has 94 Composite Rating

With earnings on tap for Oct. 29, IBD 50 member Activision Blizzard is trading about 9% below an 87.83 buy point. The video gaming industry has seen a boost in sales during the pandemic as people are stuck indoors and video games are one of the few options for entertainment. The holiday season is approaching and video game makers such as Activision Blizzard may see record sales.

The Old Gods Return to Hearthstone® in Madness at the Darkmoon Faire, Available November 17

An otherworldly carnival is coming to Hearthstone® on November 17 with Madness at the Darkmoon Faire, the upcoming expansion for Blizzard’s smash-hit free-to-play digital card game, and there’s a whiff of ancient corruption amid the zany wonders and attractions. The Old Gods—timeless beings of terrifying power that ruled a young Azeroth—have chosen the Darkmoon Faire as the site of their return, and they’ll tempt players with 135 all-new cards that bear the taint of their corruption.

Were Hedge Funds Right About Activision Blizzard, Inc. (ATVI)?

While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, virus news and stimulus talks, many smart money investors are starting to get cautious towards the current bull run since March and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting […]