Momentum Stocks to Buy: Take Two Interactive (TTWO)
Take Two Interactive Software Inc (NASDAQ:TTWO) is one of the top video gaming companies around. Its most notable franchise is Grand Theft Auto (GTA), which is currently in its fifth sequential iteration.
According to market research firm SuperData Research, online gaming was a $91 billion industry in 2016. Research firm Markets and Research estimated that this sector will growth about 10% a year for at least the next three years. This is a significant growth industry and knowing the best stocks can be very rewarding. TTWO is one of those stocks.
GTA V has sold 80 million copies since its 2013 launch (at $60 a pop), 5 million in the first three months of this year. And now, it has a new version of its other hot game, Red Dead Redemption 2 (R2D2) early next year. And this highly anticipated release isn’t yet priced into the stock.
And this says nothing about its other stable of licensed games as well as the new opportunities that virtual and augmented reality promise. Up 55% year to date, TTWO has plenty to look forward to.
Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip Growth, Emerging Growth, Ultimate Growth, Family Trust and Platinum Growth. His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.