The best gaming stocks to buy in 2022? 5 Watch | News

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

Gaming stocks have grown in popularity among stock market investors over the past few years. Whether we like it or not, the gaming industry is one of the fastest growing industries in the entertainment industry. There is no doubt that demand for games has increased dramatically during the coronavirus pandemic as most people are forced to stay indoors. As a result, even non-gamers are exposed to games. Additionally, China has recently approved a slew of video games, injecting optimism into its tech sector.

Based on this positive sentiment, some well-known figures in the Chinese game field, such as NetEase (NASDAQ: NTES) and Bilibili (NASDAQ: BILI) got a much-needed boost. Shares of NTES and BILI are up more than 20% and 40%, respectively, over the past month. elsewhere, Activision (NASDAQ: ATVI) also recently announced that the highly anticipated Diablo will go live and be available for download on June 22. Overall, the gaming space appears to be booming and will likely continue to grow. So, here are some top gaming stocks to watch in the stock market today.

Top 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 value-added services segment is primarily involved in the provision of online/mobile games, community value-added services and applications across various internet and mobile platforms. On the other hand, the online advertising segment is mainly engaged in display-based and performance-based advertising.

Earlier this week, the company announced that it would release its flagship mobile game King of Glory globally by the end of the year. The multiplayer game has been a revenue generator for the company, bringing in $10 billion from its launch in 2015 until last September. Now, it’s part of Tencent’s efforts to expand its gaming market to an international level. This is an important step for any gaming company, as the user base plays a key role in the long-term development of the game. With that in mind, would you consider adding TCEHY stock to your watchlist?

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Pennsylvania National Team

Best Online Casino Stocks to Buy Now (PENN Stock)

Since then, we have North America’s leading provider of integrated entertainment, sports content and casino games, Pennsylvania National Team. The company’s highly differentiated strategy focuses on organic cross-selling opportunities. These are reinforced by its investments in own technologies such as state-of-the-art media and gaming platforms. By scale, Penn operates 44 hotels in 20 states, iCasino in 5 states, and online sportsbooks in 13 jurisdictions. While PENN stock has been under pressure over the past year, the company’s fundamentals appear to be in better shape.

In the fiscal first quarter, Penn reported revenue of $1.56 billion, up 22.7% year over year. Meanwhile, the company reported adjusted EBITDA of $434.6 million, up 29.1% from a year earlier. These results reflect the company’s progress towards achieving its strategic goals. The company also raised its revenue guidance for fiscal 2022 based on its impressive first-quarter performance. Given these positive developments, should investors pay more attention to PENN stock?

take two

Best Video Game Stocks (TTWO Stock)

Another top gaming company that is not new to most people is take two. Essentially, the company operates primarily through its two core game studios. These will be subsidiaries of Take-Two’s Rockstar Games and 2K Games.Notably, Rockstar is behind industry-leading series such as Grand Theft Auto and Red Dead Redemption. Take-Two doesn’t appear to be slowing down anytime soon, despite its massive portfolio. In fact, TTWO stock has risen more than 20% in the past month.

Last month, the company finally announced the completion of the merger with Zynga. This marks an important step for the company to increase its presence in the mobile gaming market. In the field of interactive entertainment, mobile is currently the fastest growing field. Additionally, Zynga will provide Take-Two with unprecedented cost synergies and revenue opportunities. With that in mind, will TTWO stock be a top gaming stock 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 digital interactive entertainment companies. Specifically, the company develops, markets, publishes and delivers games and content that consumers can play across a range of platforms. This will include game consoles, PCs, phones and tablets.Some of its most famous brands are Apex Legends, The Sims, FIFA, Madden NFL, and star wars. Despite trading sideways over the past year, EA stock has been recovering recently. The stock has risen more than 20% in the past month.

On the financial front, EA just ended a record year in fiscal 2022. The company ended the year with strong quarterly revenue and profit growth. Revenue for the quarter was $1.38 billion, up 35.5% year over year. Meanwhile, its net income soared to $225 million, up 196% from a year earlier. These are mainly driven by its live streaming services business, which contributes 85% of its net bookings.Apart from that, some of its notable highlights include FIFA Mobile It was the biggest quarter ever, with a nearly 80% year-over-year increase in new unique players.the company’s Apex Legends™ Season 12 also set a new record for the highest engagement since its inception. All things considered, do you think EA will continue its current momentum?

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pirate ship game

CSR stock

To summarize, we have a company that contributes to the gaming industry with high performance gear, pirate ship game. For those unaware, the company makes gaming keyboards, mice, headsets, controllers, and streaming devices. Its products also include high-performance power supply units, cooling solutions, computer cases, DRAM modules and high-end gaming PCs.

In May, Corsair launched its innovative first gaming and streaming laptop, the CORSAIR VOYAGER a1600 AMD Advantage™ Edition.This masterpiece combines Advanced Micro Devices’ (NASDAQ: AMD) Ryzen™ 6000 series processors, AMD Radeon™ RX 6800M mobile graphics and a vast ecosystem of exclusive software and technology from CORSAIR and Elgato. With it, users can do everything they need and more. It’s safe to say that Corsair is seeking to be at the forefront of innovation in the gaming gear industry. At current valuations, could CSR stock be a potential bargain?

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