IPOs To Dominate This Week, Stocks to Watch: ERTS, BBY, GE, AMZN, MSFT, ATVI

IPOs are set to dominate this week with big names including Zynga, Jive Software and Michael Kors Holdings all going public. Some of these companies could still delay their IPOs this week and some have citing market conditions. It will still be a busy week regardless for these new stocks.

Zynga is set to offer 100 million shares at a price range of $8.50 to $10 and could raise as much as $1 billion. If the company raises $1 billion it would be the largest Internet IPO since Google Inc. (NASDAQ:GOOG) in 2004.

Jive Software is offering 11.7 million shares between $8 to $10. The company is expected to begin trading on Tuesday.

Michael Kors Holding is a fashion design company and will offer about 42 million shares at a price range of $17 to $19.

Other companies going public this week include energy companies and tech companies.

Zynga’s IPO is likely to overshadow all the other IPOs and will see lots of investor attention on Monday.

Other stocks to watch on Monday include Electronic Arts (NASDAQ:ERTS), Best Buy Co., Inc. (NYSE:BBY), General Electric (NYSE:GE), Amazon.com Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Activision Blizzard, Inc. (NASDAQ:ATVI)

Electronic Arts Inc. (NASDAQ:ERTS) closed Friday up 2.33% at $21.99. EA’s Battlefield 3 came in third for the November 2011 NPD Sales Numbers. Battlefield 3 sold at least 1.26 million copies last month. The company also unveiled the newest Command and Conquer game at Spike’s Videogame Awards Show over the weekend. Electronic Arts Inc. has a market cap of 7.29 billion.

Best Buy Co., Ltd. (NYSE:BBY) finished Friday up 2.52% at $28.11. BBY trades 6.02 million shares a day on average. Best Buy is set to release their earnings in pre-market on Tuesday. Analysts expect Best Buy to report revenue of $12.1 billion. The company has a market cap of 10.18 billion.

General Electric Company (NYSE:GE) closed Friday up 3.25% at $16.84. GE traded 85.74 million shares on Friday, 23 million more shares than the company trades on average. GE will be holding an investor outlook meeting on Tuesday. General Electric has a market cap of 177.79 billion.

Amazon.com, Inc. (NASDAQ:AMZN) closed Friday up 1.34% at $193.03. AMZN trades 6.53 million shares a day on average. AMZN closed last week down from a high of $198 a share. Amazon has a market cap of 87.78 billion.

Microsoft Corporation (NASDAQ:MSFT) finished Friday up 1.18% at $25.70. MSFT trades 51.05 million shares a day on average. Microsoft’s Xbox 360 was the highlight for November’s NPD numbers as the video game console sold 1.7 million units. Xbox 360 sales were up 23% year over year in November. The Xbox 360 also held four of the top 10 selling console games including: Call of Duty Modern Warfare 3, Elder Scrolls V: Skyrim, Assassin’s Creed: Revelations and Battlefield 3. Microsoft has a market cap of 216.19 billion.

Activision Blizzard, Inc. (NASDAQ:ATVI) closed Friday up 2.60% at $12.24. ATVI trades 13.05 million shares a day on average. Activision sold 9 million copies of Call of Duty: Modern Warfare 3 last month. The company has a market cap of 14.01 billion.

written by

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.
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