Take-Two Interactive's (TTWO) Rockstar Games released the first trailer for Grand Theft Auto VI early after it was leaked. Now, it's already set to break records on YouTube. Oppenheimer Senior Analyst of Emerging Technologies and Services Martin Yang joins Yahoo Finance Live to take a closer look at what the response to the trailer could indicate for the stock. Hang notes that there is no direct point of reference to suggest potential sales, but there are “indirect signals” such as likes, which have far exceeded past trailers. However, the game will not be released until 2025. Is it too soon to buy Take-Two now? Yang says no, "we're happy to hold a stock and buy the stock now,” noting that this is just the first trailer. As there is more promotion for the game and details released about gameplay, investors will be able to get a better idea of how the game will deliver long-term results for Take-Two Interactive. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March. Apple and other megacaps gained while consumer staples stocks dipped after data showed U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing. "As interest rates rise and as demand slows, companies are pulling back on job openings, which is essentially what the Fed wants," said Sam Stovall, chief investment strategist at CFRA Research in New York.
Wall Street's main indexes were mixed on Tuesday as investors assessed a fresh batch of economic data, including a jobs report, to gauge the probability of rate cuts by the Federal Reserve early next year, while megacap stocks rebounded from the previous day's losses. U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing, while U.S. services sector activity picked up in November. "The data is better than expected, meaning that the job market is weaker, but it's not so weak that it requires maybe a Fed rate cut or a jeopardy of a recession," said Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest.