Why Nintendo Stock Popped Today

Nintendo (NTDOY 2.34%) stock got a lift last week after reporting surprisingly strong results in its most recent quarter -- sales up 8% year over year, and profits per share up 18%. Further helping matters, Nintendo predicted that its operating profits through the end of fiscal 2024 will rise twice that -- 35%, to as much as 510 billion yen. One week later, on Wednesday, Nintendo shares are on the rise yet again -- up 2.4% through 12:12 p.m. ET. The reason this time isn't earnings, though, but a potential s ...