Market researcher Newzoo has downgraded its 2020 esports revenue forecast for the third time this year, now saying revenues will likely hit $950.3 million.

The revision is only slightly down from the previous forecast of $973.9 million, which Newzoo predicted back in July. In April, it revised its earlier estimate to $1.059 billion, and back in February — before the pandemic — the forecast was $1.1 billion for 2020 revenues.

The fact that the forecasts haven’t changed much each time points to the reason Newzoo has had to revise the estimates so frequently — namely the unpredictability of the market as a result of the pandemic. Admittedly, the frequent small changes feel a little farcical. On the other hand, it seems prudent for the company to evaluate the fast-changing market every quarter, as esports revenues can be affected dramatically by whether fans will be able to meet in physical venues again or not.

In past years, physical venue revenues — from such streams as event ticket sales and merchandise — were a big part of esports revenues. And while digital events produced huge spectator numbers, the revenues associated with digital events tended to be smaller.

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Now COVID-19 has turned everything upside down, as physical events have been canceled and digital events are expanding to become more frequent, as well as larger in scope. ESPN and Eleague on TBS, for example, have been broadcasting more esports events on TV.

At the recent Esports BAR online event, Newzoo head of esports Remer Rietkerk warned in a talk that the company was evaluating its forecasts again. In a statement, Newzoo said it is always reviewing its esports revenue forecasts and wants to keep everyone aware of

By Eric M. Johnson and Tim Hepher

SEATTLE/PARIS (Reuters) – Boeing <BA.N> cut its rolling 20-year forecast for airplane demand on Tuesday, sending its shares lower as the COVID-19 pandemic lays waste to deliveries over the next few years.

The U.S. planemaker, which dominates jet sales together with Europe’s Airbus <AIR.PA>, forecast 43,110 commercial aircraft deliveries over the next 20 years, down 2% from 44,040 projected a year ago and worth an unchanged $6.8 trillion at list prices.

While fleets are still expected to almost double, it is the first time since the 2009 financial crisis that Boeing has cut the 20-year demand forecast in terms of the number of deliveries.

Boeing, also for the first time, lifted the lid on the first half of the 20-year period, showing steep declines for the coming decade on the heels of the COVID-19 crisis. It predicted 18,350 deliveries for 2020-2029, down 10.7% from an unpublished forecast of 20,550 embedded in the last report.

“The industry clearly has been dramatically impacted … by the pandemic,” Commercial Marketing Vice-President Darren Hulst said.

Boeing shares fell as much as 3.3% after the report.

A key forecast for passenger traffic growth – once a reliable 5% a year – has been edging lower since 2015 as a record aviation boom peaked. But it took a sharp knock lower in the latest report, falling to 4% from 4.6% a year ago.

Boeing, America’s largest exporter, lowered its assumption for average global economic growth over 20 years to 2.5% from 2.7% after the pandemic plunged key markets into recession.

Even so, Boeing expressed confidence that demand would return towards previous trends in the 2030s, just as it did after earlier economic shocks. Environmentalist critics say the crisis is an opportunity for the industry to get smaller.


GENEVA (AP) — A former Chinese diplomat took center stage Tuesday at the World Trade Organization, announcing its revised prediction for a 9.2% percent decline in world merchandise trade this year and cautioning that a further hit could await if the coronavirus continues to spread.

Deputy Director-General Yi Xiaozhun’s presentation of the new WTO forecast symbolized a coming-of-age moment for China not yet a generation after it acceded to the trade body. It comes amid a punishing U.S. trade war against China under President Donald Trump, who has repeatedly accused the country of unfair trade practices and intellectual property theft.

WTO officials are required to serve the Geneva trade body, not their national interests. But the presentation by a former Chinese diplomat – Yi previously served as China’s ambassador to the WTO – could resonate for a U.S. administration that has been withering in its criticism of the Communist government that oversees the No. 2 world economy.

Yi announced that WTO economists have revised to a 9.2% drop in merchandise trade this year, down from their earlier prediction of a 12.9% plunge . That forecast was presented in April, when COVID-19 case counts were soaring in major economic engines like the Europe Union and the United States.

The revision follows better trade performances in June and July, notably thanks to rising demand for health care goods and electronic equipment. WTO now also predicts a 7.2% rise in trade next year, far more “pessimistic” than the April forecast for a 21.3% bounce-back. The forecasts exclude trade in services, and focus only on merchandise.

“The COVID-19 pandemic is above all a public health crisis, and preventing further suffering is the WTO’s overriding concern,” Yi said. “However, the outbreak has also disrupted the global economy in unprecedented ways.”

Health measures initiated to battle

The “Organic Personal Care Products Market – Growth, Trends and Forecast (2020 – 2025)” report has been added to’s offering.

The global organic personal care products market is growing at a CAGR of 10.1% during the forecast period.

Organic personal care products have been around for many decades; however, they have gained prominent momentum lately due to greater end-user awareness of product safety and growing concerns about the environment, as a result of the use of conventional cosmetic products. Organic personal care product vendors usually target perfectionists, and brand conscious, brand loyal and novelty conscious users, who are more likely to choose organic and natural cosmetic products over synthetic products.

The recent trends in the organic personal care market can be dissected by analyzing the types of cosmetic users and their subsequent behaviours. By product type, skin care products segment dominates the global personal care products market.

Companies Mentioned

  • L’Oreal S.A.

  • Beiersdorf AG

  • The Estee Lauder Companies Inc.

  • Korres S.A. Natural Products

  • Arbonne International, LLC

  • Bio Veda Action Research Co.

  • L’Occitane Groupe S.A.

  • Oriflame Cosmetics AG

Key Market Trends

Organic Skin Care Holds A Major Share In The Market

The skincare products market includes facial care and body care. Skin sensitivity and awareness about the harmful effects of chemicals and synthetic products are few factors augmenting the growth of this market. Moreover, the higher cost of organic products or ingredients is no longer a restraint for the growth of the organic market, as people are willing to put health before wealth. The cost of the organic products is high due to the low availability of the resources, the time taken for manufacture and the cost of the packaging materials. The organic products market is a niche market and hence has a high cost of operations, related to the field.


The Weekly Breakout Forecast continues my doctoral research analysis on MDA breakout selections over more than 5 years. This subset of the different portfolios I regularly analyze has now reached 177 weeks of public selections as part of this ongoing live forward-testing research.

In 2017, the sample size began with 12 stocks, then 8 stocks in 2018, and at members’ request into 2020, I now generate 4 selections each week, 2 Dow 30 picks, and a separate article for monthly Growth & Dividend MDA breakout stocks. I now provide more than 6 different ways to beat the S&P 500 since my trading studies were made public.

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2020 YTD Breakout Portfolio Returns

The Breakout Picks are high volatility selections for short-term gains, but with no selections below $2/share, under 100k average daily volume, or less than $100 million market cap. The returns were at +41.50% in the first 9 weeks of 2020, consistent with exiting the portfolio following the negative Momentum Gauge signal of Feb. 24th (red weeks below).

The cumulative average returns YTD are at +220.42% compared to the S&P 500 +3.64% over the same period. The very best case perfectly timed returns at +440.5%, and in the worst case, fixed buy/hold, do nothing, equal-weighted average returns year to date, the returns are +0.33%.

So far YTD, 62 stock selections in the past 39 weeks have gained over 10% in less than 5 days with 32