Investors Are Abuzz About These 4 Stocks Today: Here’s Why

Just a day after its strong third quarter earnings were unwrapped, General Motors Company (NYSE:GM) was selected by the United Auto Workers last night as the next of the big three Detroit auto manufacturers to work towards a new deal with the union, following the four-year deal it inked with Fiat Chrysler this week. The union is looking to sign a four-year deal with General Motors Company (NYSE:GM) as well, and is reportedly expecting both it and Ford Motor Company (NYSE:F) to pony up an even sweeter deal, given their strength. GM is up by 1.10% today and by 7.99% this week after a very strong earnings report released on Wednesday in which it disclosed revenue of $38.55 billion and earnings per share of $1.50, the latter blasting past estimates by more than 25%. That performance no doubt sat well with billionaire investors Warren Buffett and David Tepper, which held stakes in General Motors Company (NYSE:GM) of 41 million shares and 18.79 million shares respectively as of June 30.

Lastly we come to Activision Blizzard, Inc. (NASDAQ:ATVI), the gaming giant which was the second-most popular gaming stock among the firms we track as of June 30. Activision Blizzard, Inc. (NASDAQ:ATVI), the developer of the hit Call of Duty and Warcraft franchises, is up by over 1% today after announcing a big push into e-sports yesterday, which will be headed by former ESPN Chief Executive Steve Bornstein. The number of competitive gaming viewers is expected to explode to over 165 million by 2018, as global e-sports pushes towards becoming a billion-dollar industry, being particularly popular in Asia. Activision Blizzard, Inc. (NASDAQ:ATVI)’s own Call of Duty franchise and strategy card game Hearthstone: Heroes of Warcraft are two of the more popular e-sports games, though the space has largely been dominated by the MOBA games League of Legends and Defense of the Ancients.

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