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2 Top Video Game Stocks To Watch Before August

Investors looking to invest in video game stocks should consider these gaming stocks.

Are These Top Gaming Stocks On Your August Wkatchlist?

There are many gaming stocks that have been on the rise. The coronavirus pandemic shocked the world so it is no surprise that many people are staying inside. This means that many more people are playing video games at the moment. Video games have been a growing industry for a long time. But now that growing industry has received a boost from the pandemic situation.

With people stuck indoors they have time to play video games and purchase more video games. People are also buying equipment that is used while playing these games. This suggests that there are many top gaming stocks on the rise. Well, it is true that there is some gaming stocks on the rise. That doesn’t mean that all gaming stocks are performing well but some are.

It is unsure what will happen to gaming stocks when the world reopens again. They will not necessarily go down because gaming has always been a growing industry. It is the same story with e-commerce stocks. Both are growing industries and would have potentially risen to new heights anyways. With that being said let’s have a look at two gaming stocks that are trending in the market.

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Top Video Game Stocks To Buy [Or Avoid] In August: Activision Blizzard

The first gaming stock we will discuss is Activision Blizzard Inc. (ATVI Stock Report). Activision Blizzard was formed in 2008 when Activision Inc. and Vivendi Games merged into one company. ATVI stock is public via the S&P 500. Activision Blizzard operates and owns many other independent gaming studios as well. Some of these include Blizzard Entertainment, King, Treyarch, Infinity Ward, and more. These studios put out games such as Call of Duty, World of Warcraft, Overwatch, and lots more.

ATVI stock has soared due to the coronavirus pandemic. Before the whole pandemic began ATVI stock was at $63 a share on average. When the market crashed ATVI stock price fell to $52 a share on average. Compared to other sectors, this fall in ATVI stock was not nearly as bad. As of July 29th, ATVI stock price has reached $80 a share. This is an increase of more than 26.98% for ATVI stock. If the gaming craze in the world continues ATVI stock price has the potential to rise even higher.

ATVI stock is very close to its high of $83 at the moment. This means that ATVI stock price could reach a new record high if it increases by just $3. That is what makes ATVI stock a gaming stock to watch. Investors who got in on ATVI stock early were able to make a profit. Now you know if ATVI stock should potentially be on your list of gaming stocks to buy.

[Read More] 2 Top Techs To Watch Before August

Top Video Game Stocks To Buy [Or Avoid] In August: Electronic Arts

The next gaming stock to watch is Electronic Arts (EA Stock Report) due to its recent momentum in the market. EA was founded in 1982 and is one of the largest gaming publishers to date. In fact EA is the largest gaming company in the US and Europe by revenue and market cap. The only company in from of them is Activision Blizzard who we discussed before. EA was founded by a former Apple employee named Trip Hawkins. The company produces games such as Battlefield, The Sims, EA Sports titles, Titanfall, Star Wars, Need For Speed, and many others as well.

Before the pandemic began EA stock price was around $108 a share on average. Then EA stock fell to around $86 a share when the market crashed. Since then, EA stock has been on the rise. As of July 29th EA stock price is at $135 a share on average. This means EA stock has passed its price from before the pandemic started. From its pre pandemic price to July 29th EA stock rose 25% in total. This is why EA stock is a gaming stock to watch in the volatile market.

What Now

It is clear that gaming stocks have a lot of potential in the market. EA stock and ATVI stock are great examples of gaming stocks to watch. This is because of the rise in gamers in the last 10 years that is only growing stronger. This is especially true in these times where we are literally stuck in our houses with not much else to do. There are many potential gaming stocks to buy but these two are trending the most at the moment.

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the StockMarket.com social media team. He works to delivery top research not only one StockMarket.com but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

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