Although this market-neutral spread has gained around 22% over the last month, plenty of upside looks to exist as the outlook for Electronic Arts is still strong with the last quarter bringing with it a 121% increase in EPS , an increase in sales of 42% and an annual ROE of just under 23%. Big name sports releases like FIFA 15 remain at the heart of EA with no sign of game and in-game purchases letting up.
In comparison, JOY hasn't brought much joy this festive period, closing down in large on Friday (12/12/14) and breaking through near term support around the 49 level. A supplier to the mining industry, it's not hard to see why JOY is suffering from the downturn in the commodity sector with major consumers and producers, like China and Australia slowing down considerably.
Oh, did I tell you about last week?