The best gaming stocks to buy for 2022? 5 To Watch


Are these the best gaming stocks to buy on the stock market for 2022?

Gaming stocks have been gaining traction among stock market investors over the past few years. Whether we like it or not, the gaming industry is one of the fastest growing sectors in the entertainment industry. Undoubtedly, the demand for games has increased dramatically during the coronavirus pandemic as most people have been forced to stay indoors. As a result, even non-gamers have been exposed to the game. Additionally, China has recently approved a significant number of video game titles, instilling a sense of optimism in its tech sector.

Building on this positive sentiment, some of the biggest Chinese names in the gaming space such as NetEase (NASDAQ: NTES) and bilibili (NASDAQ:BILI) received a much-needed boost. Over the past month, NTES and BILI shares have risen more than 20% and 40% respectively. Somewhere else, Activision (NASDAQ: ATVI) also recently announced that the highly anticipated Diablo Immortal™ will be live and available for download starting June 22. Overall, the gaming space appears to be thriving and could continue to grow. So here are some of the top gambling stocks to note in the stock market today.

The best gaming stocks to watch today

Tencent

Tencent is an investment holding company principally engaged in the provision of value-added services (VAS) and online advertising services. Its VAS segment is mainly involved in the provision of online/mobile games, value-added community services and applications on various Internet and mobile platforms. On the other hand, the Online Advertising segment mainly deals in display-based and performance-based advertisements.

Earlier this week, the company announced that it would be releasing its flagship mobile game honor of kings globally by the end of the year. Multiplayer gaming has been a steady stream of revenue for the company, generating $10 billion in revenue between its launch in 2015 and September last year. Now, it’s part of Tencent’s efforts to expand its gaming market internationally. This is an important milestone for any game company, as the user base plays a central role in the long-term growth of the game. With this in mind, would you consider adding TCEHY stock to your watch list?

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Penn National

best online casino stocks to buy now (PENN stocks)

Then we have North America’s leading provider of integrated entertainment, sports content and casino games, Penn National. The company’s highly differentiated strategy focuses on organic cross-selling opportunities. These are bolstered by its investments in proprietary technologies such as state-of-the-art media and betting platforms. At scale, Penn operates 44 properties in 20 states, iCasino in five, and online sports betting in 13 jurisdictions. Although PENN stock has been under pressure over the past year, the company’s fundamentals appear to be in better shape.

In its first fiscal quarter, Penn reported revenue of $1.56 billion, up 22.7% year-over-year. Along with this, the company posted adjusted EBITDA of $434.6 million, representing a 29.1% increase over the prior year quarter. These results reflect the company’s progress in achieving its strategic objectives. Based on its impressive first quarter results, the company has also raised its revenue forecast for fiscal year 2022. Given these positive developments, should investors pay more attention to PENN stocks?

take two

best video game actions (TTWO action)

Another top game company that would be no stranger to most is take two. Essentially, the company primarily operates through its two main game studios. These would be the Rockstar Games subsidiaries of Take-Two and 2K Games. Notably, Rockstar is behind industry-leading series such as Grand Theft Auto and Red Dead Redemption. Despite its massive portfolio, Take-Two doesn’t seem to be slowing down anytime soon. In fact, TTWO stock is up over 20% in the past month.

Last month, the company finally announced the completion of its merger with Zynga. This marks an important step for the company towards increasing its presence in the mobile games market. In the world of interactive entertainment, the mobile segment is currently the fastest growing segment. Additionally, Zynga will provide Take-Two with substantial cost synergies and revenue opportunities like never before. With that in mind, would TTWO stocks be the best gaming stocks to watch?

electronic arts

video game stocks to buy now (EA stock)

Similar to Take-Two, Electronic Arts (EA) is one of the world’s leading interactive digital entertainment companies. In detail, the company develops, markets, publishes and delivers games and content that can be played by consumers on a range of platforms. This includes game consoles, personal computers, cell phones and tablets. Some of its most notable brands are Apex Legends, The Sims, FIFA, Madden NFL, and star wars. Despite trading sideways over the past year, EA stocks have been gaining momentum lately. The stock is up more than 20% in the past month.

Financially, EA is coming off a banner year in fiscal 2022. The company ended the year with a strong quarter of revenue and profit growth. Its revenue for the quarter was $1.38 billion, up 35.5% year-over-year. Meanwhile, its net profit soared to $225 million, representing a 196% increase from the year-ago quarter. These were largely driven by its live services business, which contributed 85% of its net bookings. Besides that, some of its notable highlights include the growth of Mobile FIFA which had its biggest quarter ever, with new unique players up nearly 80% year-over-year. From the company Apex Legends™ Season 12 also set a new highest engagement record since its launch. All things considered, do you think EA will continue its current momentum?

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Corsair Gaming

CRSR action

To sum up the list, we have a company that contributes to the gaming industry through high-performance equipment, Corsair Gaming. For those unaware, the company produces gaming keyboards, mice, headsets, controllers, and streaming gear. Its products also include high-performance power supplies, cooling solutions, computer cases, DRAM modules and high-end gaming personal computers.

In May, Corsair unveiled its first innovative gaming and streaming laptop, the CORSAIR VOYAGER a1600 AMD Advantage™ Edition. This masterpiece combines Advanced micro-systems’ (NASDAQ: AMD) Ryzen™ 6000 Series processor, AMD Radeon™ RX 6800M mobile graphics with CORSAIR and Elgato’s vast ecosystem of proprietary software and technologies. With it, users can do everything they need and more. Safely, Corsair seeks to be at the forefront of innovation in the gaming gear industry. At its current valuation, could CRSR stock be a bargain?

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Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

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