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June 2019

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Sterling Treasures, King’s Fall raid and more are included in the weekly reset

Here’s another Tuesday and a brand new weekly Destiny reset awaits us all. Like every week, we’ve detailed all the changes that players will find on Destiny for this week, so read on for the complete information. 

We’ll start with the new Nightfall strike for this week, which is The Sunless Cell. The modifiers are Small Arms for additional damage for your primary weapons, Chaff that causes your radar to disable, Ironclad that increases the number of enemies protected by shields, and Exposure to increase your shield rate, but only for one time.

Moving on, the Court of Oryx boss for this week is Kagoor. You can beat Kagoor without major fuss by focusing whole-heartedly on the eyes, in order to damage the Ogres. Once the ogres are dead, you will be able to deal with the damage to Kagoor. Follow this course of action and you should be able to accomplish this kill.

For Prison of Elders this week, The Forever Eater is the boss for this week at Level 32, and Machine Wrath is the boss at Level 34. Then there are the Sterling Treasure chests; as always, you can get one by visiting the Postmaster at either the Reef or the Tower.

For the other two, you’ll have to beat a full game of this week’s Crucible playlist, as well as beat the Level 41 on Prison of Elders. Finally, Golgorith is hosting this week’s King’s Fall raid, so don’t keep him waiting.

Tuesday is Destiny’s weekly reset day, and that hasn’t changed this week

Bungie’s Destiny has initiated its weekly server reset today, as it does traditionally on Tuesdays. Users will have more chances this week to earn loot and play through a new set of challenges and bosses until the next reset.

Starting with the Nightfall strike, which is Blighted Chalice for this week. Modifiers are Berserk, Small Arms, Fresh Troops, and Match Game. Berserk prevents your enemies from flinching even if you deal them severe damage, while Small Arms is your key to inflict more damage via primary weapons equipped by the player. Fresh Troops increases the number of enemies sometimes in enemy squads, and Match Game requires the player to use the exact elemental weapons to shatter enemy shields.

The modifiers for the Heroic Playlist for this week are Solar Burn, Specialist, and Juggler, all of which should really make it more interesting when you take on the enemies and try and complete the playlist for the week. As for Challenge of Elders, Wretched Knight from Hive in Round 1, Keksis the Betrayed from Fallen in Round 2, and Overmind Minotaur from Vex in Round 3 are the bosses for the week. Finally, Freelance 6v6 and Mayhem Rumble are the two Crucible playlist options for the coming week starting today.

Netflix shares viewing habits of subscribers for its most rewatched show ‘Orange is the New Black’

On Friday June 17, Netflix, Inc. (NASDAQ:NFLX) globally released the new season of one of its popular TV series Orange is the New Black, a comedy-drama  show about a woman, Piper Chapam, who is sentenced to prison over a decade-old crime. Ahead of the season four premiere, the company revealed some interesting data on its original series.

Netflix shared that Orange is the New Black is the “most re-watched original series” in its content library. After studying viewing trends in more than 190 countries, the streaming giant found that about 53% of the subscribers, who watch the series, have rewatched at least an entire season since its inception in 2013.

The rewatching trend accelerates during June, ahead of the release of the upcoming season and the same trend was seen this year. The company conducted a survey ahead of the season four, asking its subscribers “how they plan to prepare for their return to Litchfield?”

Following a poll by the viewers, Netflix found that 41% of them considered watching the entire series (36 episodes) again and 21% planned rewatching the season 3 before starting the new season. Just to watch/rewatch their favorite show, subscribers were willing to forego cleaning the house, making their beds, and cooking.

Some prefer rewatching the show alone, with their pets, or snacks, while others like to rewatch it with their partners or friends. Majority of them prefer watching the series in their living rooms and bedrooms. The main reasons to rewatch their favorite shows include reliving previous moments in the storyline, foreshadowing in previous seasons, and not getting enough of it.

Netflix also shared the viewers’ top-three episode from each of the previous seasons. While they love the first episode and the last two episode of the season 1, the last three episodes of season 2 and season 3 was the most watched.

The streaming service has already planned season 5, 6, and 7 of Orange is the New Black and Jenji Kohan will continue to be the show creator.

Micron is expected to see accelerated growth in revenue during 2017

Micron Technology, Inc. (NASDAQ:MU) has now broken the $22 barrier and continues to gain momentum as the strong DRAM, NAND and PC trends carry the stock forward. Following the period of elongated weakness Micron has managed to bounce back thanks to dramatic improvement in DRAM pricing and demand. The reduced capital expenditure from Micron’s competitors has also helped alleviate the situation that was created due to the oversupply of DRAM in the market.

Mizuho Securities analyst Vijay Rakesh met with the management of Micron Technology at the Consumer Electronics Show. The event was held in Las Vegas and Mr. Rakesh met the Chief Financial Officer of the Micron Technology Mr. Ernie Maddock. Mr. Maddock assured the analyst that a very strong year lies ahead for Micron and the DRAM pricing trends are likely to remain stable for the next couple of quarters. The demand in the PC market has sustained for longer than expected and if it continues to remain at current levels, there is a significant chance that Micron will be posting an upside to the current estimates. The smartphone production ramp at major smartphone producers has also played a positive part in the pricing of NAND and DRAM as the demand for semiconductor solutions has risen in general.

Datacenters are rapidly expanding and this has also resulted in significantly higher demand for Micron’s products. The company saw 40% y/y growth in its mobile DRAM and NAND business. The analyst expects a very positive year ahead for Micron and has therefore chosen to reaffirm his Buy rating and price target of $27. The analyst ratings for the company are 11 buy, 12 outperform, 3 hold and 2 underperform. The stock currently trades at a price of $22.49 and has gained 2.04% since the opening of the market session today.

The site targeted for drilling stands in close proximity with the Eni owned Zohr field

With an optimistic sentiment being raised in the global energy market, energy companies are in full swing. From boosting up their exploration, production and investment plans to carry out new expansions, the big oil are doing their all.

Being in the same league, French oil and gas company Total SA (ADR) (NYSE:TOT) is prepping up for gas drilling off Cyprus. The site targeted for drilling stands in close proximity with the Eni SpA (ADR) (NYSE:E) owned Zohr field.

Stephane Michel, President of Total for Middle East and North Africa stated: “Obviously the Zohr discovery has changed the landscape. It is clear that the decision to drill block 11 was taken on the basis of the Zohr discovery.”

Since Block 11 stands close to Zohr, analysts at HIS Markit believe that drilling by Total would be “one of the most critical wells drilled globally in 2017”.

Not only Block 11, but the French energy major also plans to carry out drilling in the onshore Egypt later in 2017 with partnership of 50% with British energy major BP plc (ADR) (NYSE:BP). In addition, TOT even seeks to drill in the Middle East region via discovered resources opportunities with other big oil companies.

Furthermore, TOT won a 30% share of interest in a contract which involves operating Qatar’s biggest offshore crude field. The French company seeks to invest as much as $2 billion in the development of this project.

The drilling projects would considerably help TOT in bolstering its cash flow and balance sheet position that has been severely dented from the economic slowdown in energy prices since the past two years.

The patch notes reveal a lot of new changes that are going to go live on April 12

Ubisoft Entertainment SA (UBI) The Division is set to receive its next update next week and the new update brings a host of new content alongside the new end game activity, Incursions. Alongside the release of the first incursion, the update is going to bring in changes to the game’s economy including changes to the vendor currency requirements, drop rates for Phoenix Credits and more. However, one little change in the new update is causing an outcry among the fans and it is ugly, to say the very least.

In the patch notes to the upcoming update, there are a number of changes made being made to the crafting station. The crafting station has become one of the major sources of getting high end gear, especially for those who have not been able to get high end gear through regular drops. To those people along with many others, the crafting station allows you to have a high end gear piece with some variations. But now, it looks like that crafting is going to become a lot harder because the material requirements for the crafting station are being bumped by up to 50% and this adds to the already punishing grind that is present in the game. While it is something that is not unusual for MMO games, fans are comparing the game to Destiny where the weapons depended on material farming, something which was patched later on in the course of the year.

In other news, Ubisoft has announced a new series of in-game challenges that are going to be available soon to agents. The series, which is called Operation ISAC, is going to go live with the April 12 update, is going to reward players with exclusive rewards (which have not yet been detailed) for completing special in-game assignments. The assignments are going to rotate on a weekly basis and while there have not been many details revealed on what the assignments are going to be or how exactly they are going to work in their weekly rotation, there is a new trailer for Operation ISAC revealed which mentions that players can “expect a new transmission” every Tuesday which are going to give them specific assignments to complete in order to earewards.

That being said, the April update is certainly going to be a big one and we cannot wait to play through the First Incursion when it goes live. Stay tuned for more details and let us know your thoughts in the comments below.

The Division is now available for Sony Corp.’s (NYSE:SNE) PlayStation 4, Microsoft Corporation’s (NASDAQ:MSFT) Xbox One and Windows PC.

Shares of the ad-tech business skyrocketed as it made its initial public offering, sending strong positive vibes across the market

Trade Desk Inc. (NASDAQ:TTD) fueled the resurgent equity markets reserved for initial public offerings with a strong opening in the stock market. The analysts observed its shares skyrocketing only in the first day of the trade session. The company recently raised the price range for its Class A common stock from $14-16 to $16-18. Just before the open, the shares were offered to the public at $18 per share, at the higher-end of its range. The shares that could be bought by the public amounted to 4,666,667 shares. Surprisingly, the shares opened for trading at $28.75 in the market, sending its initial public offering up by roughly 60%, showing immense potential for the investors.

For this initial public offering, the joint book-running managers included RBC Capital Markets, LLC, Jefferies Group LLC (NYSE:JEF), and Citigroup Inc. (NYSE:C). On the other hand, Raymond James Financial, Inc. (NYSE:RJF) and Needham & Company were the co-managers for the offering. Moreover, the underwriters were granted with a 30-day option whereby they could purchase further 700,000 if it is Class A common shares from few of the selling stockholders.  

The ad-tech business was seen as being highly attractive. It is a technology company that has given empowerment to advertising buyers. It provides the ad buyers with a self-service platform that enables them use their own teams to manage the data-driven digital advertising campaigns. These teams could be spread across multiple advertising formats which may include video, display, and social. The ads are also available on various devices including mobile devices, TVs, and personal computers.

Moreover, it earned healthy revenues in FY15 amounting to $113.8 million. Also, the spending in programmatic advertising also increased in the industry. The increase depicted a strong growth rate of 40% year-over-year in FY15 from $10 billion to $14 billion. Not only this, the business also generated healthy net income of $15.9 million in FY15 compared to just $5000 in FY14. The adjusted EBITDA for the same year was $39.2 million compared to FY14’s EBITDA of $5.7 million. The investors were further attracted by high net income for the first half of FY16 which came out to be $6.6 million. Compared to this, the first half of FY15 witnessed net income of $5.7 million. Similarly, the adjusted EBITDA for first half of FY16 was $20.1 million, much higher than adjusted EBITDA of first half of FY15 which amounted to $11.1 million.

In addition to this, the analysts viewed the first day as being extremely good for an initial public offering. They believe that it helps set favorable terrains for the future. Nonetheless, it is a complete package as it has real GAAP profits alongside operating cash flows. Thus, it has an attractive revenue growth attached to its shares and it is expected that the analysts would be on the bulls side, however, one must wait for future actions before reaching decisions regarding the matter.

Is the current surge in Petroleo Brasilerio SA Petrobras (ADR) stock, an opportunity for investors to sell off company’s shares

Brazil based energy company, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has done wonders in last one month’s time as the company’s stock gained almost 77% of market value while Dow Jones Index and S&P 500 Index were only up by 7.75% and 8.43% respectively. Although, Petroleo Brasilerio SA Petrobras stock started the year with a downward trend and underperformed the market in the first month of the year with high margin.

Although, one month’s tremendous surge in the stock has cover up the previous loss in the market value but research analysts are taking it as an opportunity to close off their positions in the company’s stock. As per Zacks Research, three analysts have rated the stock a sell, two analysts recommends a hold rating while none is of buy or strong buy opinion and has a $6.071 12-month consensus price target.

Petroleo Brasilerio SA Petrobras stock is currently trading at $5.53 up by 28.6% year to date (YTD) outperforming decline of 1.21% and 1.06% in Down Jones Index and S&P 500 Index respectively, as of pre-market hours on March 14. The company has a market capitalization of $34.76 billion with a total float of 7.44 shares and an average daily trading volume of 34.11 million. Petroleo Brasilerio SA Petrobras stock is trading in the 52 week range of $2.71-10.55.

The company has closed a loan deal with China Development Bank worth $10 billion. The repayment of the loan can be done through cash or oil as per the loan agreement signed. Moreover, the raised loan will be used in various drilling operations according to the company’s management. On one hand, this gave company chance to stabilize its outlook amid volatility in oil prices and a multi-billion corruption scandal. Conversely, the loan increases concerns of the investors as the company is already under heavy debt burden and the management was planning to divest its assets to repay loans worth $15.1 billion by the end of this year.

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Petroleo Brasilerio SA Petrobras’ credit rating was slashed by Moody’s in Brazil and Argentina due to current operational conditions. It’s Corporate Family Rating (CFR) and Senior Unsecured Debt rating was slashed to B3 from Ba3 and baseline credit assessment (BCA) was lowered to Caa3 from B3 by the agency. The credit rating agency is of the opinion that the volatility in crude oil prices will adversely affect the financial performance of the company in the near term. Moreover, in Moody’s view, Petroleo Brasilerio SA Petrobras has become prone to severe refinancing risks.

It’s time to get back into the game

Yes! You read that right. Pokémon GO’s second event to date is now live. So, if you wish to get back into the game and catch Pokémon which you missed out on, this is the perfect opportunity Not only does this event grant you the ability to get more items from the PokeStops, it also gives you higher chances of coming across rarer pocket monsters in the game.

Pokémon GO’s second event has been kickstarted to welcome the game’s most recent feature, the Daily Bonuses. This feature allows users to receive bonuses upon completion of various objectives in the game for instance, “first catch of the day” and “first Photo Disc spin of the day.”

 

How about a bonus on your bonus? From Nov 7 – Nov 11, you can find more Pokémon & get more items from PokéStops! https://t.co/l13dRCPveW pic.twitter.com/4BvetrzmFK

— Pokémon GO (@PokemonGoApp) November 8, 2016

 

As a result, from November 7 to November 11, Pokémon GO players will receive at least six items from PokeStops and will have higher chances of finding more Pokémon in the game. This means, during the time the event is live, players can get their hands on more Great Balls and if they are above level 20, then more Ultra Balls — that sounds pretty incredible, no?

In related news, Pokémon GO’s 0.45.0/1.15.0 has been released. Therefore, if you haven’t already updated your Pokémon GO app, we advise you to do so as soon as possible, as only then you will be allowed to take advantage of Niantic’s second event for the game.

For more details regarding the event, check out the developers’ official blog here. Comment below and let us know what you think of this new feature, is this what Pokémon GO players wanted or are they waiting for something else?

Jack Ma reckons that investigations are a good way for investors to know about the company

Alibaba Group Holding Ltd (NYSE:BABA) CEO Jack Ma said that any investigations about the company are not that bad as they help investors to understand its business model. In an interview given to Reuters, the Chinese billionaire said that the investigations are a good way for investors to understand Alibaba’s business practices. Further to this, Mr. Ma also said that he is not afraid of any lawsuits as he said that “if you want to sue us, sue us.”

The recent statement can be connected with his statement that he gave a month ago, in which he reckoned that it will take time for investors to understand Alibaba’s business model. The views came as he responded to the SEC investigations about the firm’s accounting practices. Questions about Alibaba’s growth have also been common among investors, as its share prices have not performed up to the street’s expectations.

Jack Ma gave the statement in a recent philanthropic event held by Alibaba Foundation. He further said that China has more billionaires than any other country, but there’s very little effort towards charity as these people tend to prefer low-profile lifestyles. The Chinese governments are now a bit stricter towards NGOs, as these organizations are not that “authentic,” he added. The recent statement suggests that Mr. Ma has got a lot of substance to defend the position of his company and will respond to any accusations.  

The e-commerce giant has recently been trying to expand its presence into other areas such as app-distribution, while Jack Ma expects that the e-commerce business would grow exponentially in the coming five years. The street also remains bullish on the company as renowned houses such as Morgan Stanley and Goldman Sachs expect a higher upside, while a few of them have given Hold ratings to the stock. The consensus TP stands at $94.21, which also offers 19% upside from the current levels. Let’s see if the recent statement helps to boost investor sentiment.