Trade Alert – Activision Blizzard (ATVI)

by | Apr 2, 2020 | Daily Trade Alert

Activision Blizzard (ATVI) is a hot opportunity at the moment.

Not only did it just release a remastered version of Call of Duty: Modern Warfare 2 with considerable demand, the World Health Organization (WHO) may have given it a boost, too.

In fact, WHO is encouraging video games during the pandemic.

“We’re at a crucial moment in defining outcomes of this pandemic. Games industry companies have a global audience – we encourage all to #PlayApartTogether. More physical distancing + other measures will help to flatten the curve + save lives,” tweeted Ray Chambers, U.S. ambassador to WHO. Zynga is one of the top companies behind the WHO initiative.

Analysts are bullish on video games stocks, too.

As Cowen analyst Doug Creutz said, as noted by Barron’s, “video games could see increased engagement as folks fight off cabin fever. Online gaming often includes voice chat, a way friends can keep in touch and hang out virtually amid self-quarantines. Anecdotally, increased network data from Telecom Italia, suggesting such increased online use in Italy. Plus, as Americans avoid vacations, dining out and attending events, they will have more money to spend on videogames and their digital add-ons.”

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