EA and Friends Finally Up
June 6th stocks are finally running higher and its taking the big game stocks up with them. In focus are Electronic Arts (EA), Take-Two Interactive (TTWO), Activision Blizzard (ATVI), and penny stock THQ Inc (THQI).
Its been a rough few months for the big game stocks and all the above mentioned have suffered huge losses in market cap. E3 (Electronic Entertainment Expo) is in full gear this week and there are plenty of game titles and technology to look forward to in 2013. Microsoft's (MSFT) XBOX 360 Kinect is the shinning star and it should help fuel interest for the major game makers. All of these stocks mentioned are trading close to their 12 month lows. There has been a non-stop barrage of negative news of games sales in 2012, its why these stocks have suffered so much as well as the massive decline in the S&P 500 in May. That being said, these stocks are ripe for the picking and its time to consider them before the analysts arrive to the party.
The strongest of the bunch is Activision Blizzard Inc (ATVI). Activision is the only company in the group that pays a dividend to the tune of an 1.5% annual yield. ATVI shares are now trading with a P/E Ratio of 13.9 and EPS of 0.83. Activision Blizzard Inc 's (ATVI) is trading at $12.01 and its shares are 13.41% from its 52-week low.
Next up is Electronic Arts Inc (EA) shares trading at $13.71. EA is 6.2% from its 52-week low. EA shares are now trading with a P/E Ratio of 60.8 and EPS of 0.22.
The next two are a gamble with Take-Two being the stronger candidate. Take-Two Interactive (TTWO) shares are trading at $11.53 and its shares are 7.81% from its 52-week low. THQ Inc's (THQI) is trading at $0.72 and they are in danger of being delisted from the NASDAQ.
Bottom line: Be early to the party and take your pick of the best gaming stocks. They could make a comeback in 2013 and the best to consider are ATVI and EA.
GAMING STOCKS FOR 2013