Use any weakness in video game stocks as a buy opportunity.
Activision Blizzard (ATVI), Take-Two (TTWO), and Electronic Arts (EA) just to name a few.
All with video games showing no signs of cooling.
In the first half of the year, video game sales were up to $28.9 billion – up 15% year over year, according to the NPD Group.
According to the NPD Group, video game sales were 30% in the first quarter of the year rising to $14.92 billion. “Video game content (which includes new games, expansions, and DLC) went up by 25% to a total of 12.8 billion, while video game accessories (including microtransactions) went up 42%,” reports The Gamer.
For the second quarter, gaming sales totaled $14 billion — a 2% increase year over year.
“Despite changing pandemic conditions across the country, video games spending remained strong in the second quarter of 2021,” said Mat Piscatella, games industry analyst at The NPD Group. “A year ago, in the second quarter of 2020, consumer spending on video games increased a remarkable 47% compared to the same period in 2019. Consumer spending has not only maintained the elevated levels reached a year ago, but exceeded them in key areas such as hardware, mobile and subscription spending. Video games have become a bigger part of consumers’ entertainment and social lives, factors that lend confidence to continued growth for the industry.”
In short, nothing may slow the boom. Use weakness in gaming stocks as opportunity.