“The #1 Tech Opportunity of the Decade”

On February 8th, Luke Lango is making his biggest call of 2023. He’s recommending technology (that you’ve likely never heard of) that could help 122 million people… And mint up to $3 trillion in wealth.

Wed, February 8 at 8:00PM ET
 
 
 
 

Activision Could Score Traders Double-Digit Profits

Activision Blizzard (ATVI) — This company publishes online, PC, console, handheld and mobile interactive entertainment products worldwide. Analysts projected a decline in the industry’s growth rate, and Activision’s earnings were estimated to fall to $0.88 in 2013 from $1.18 in 2012.

But new Sony (SNE) PlayStation 4 and Microsoft (MSFT) Xbox One consoles open the door for profitable revisions of already successful games like Call of Duty, Skylanders, World of Warcraft, StarCraft and Diablo. And, more importantly, the recent purchase of Vivendi’s 61% controlling interest in Activision knocks Vivendi’s ownership down to just 12%. This purchase removes a prior lid on the stock.

On July 26, the stock jumped 15% on the Vivendi announcement, leaving a breakaway gap from $15.42 to $16.86. But market action and profit-taking have almost closed the gap, giving investors an opportunity to buy the stock under $17 with a trading target of $22. Long-term investors could hold for a much greater return.

ATVI Chart
Click to Enlarge

Chart Key


Article printed from InvestorPlace Media, https://investorplace.com/2013/09/trade-of-the-day-activision-blizzard-atvi/.

©2023 InvestorPlace Media, LLC