Gaming Stocks to Buy Before Christmas

Hassan Maishera - November 20, 2019

The gaming sector is slated to grow into a broader industry over the next two years. The US stock market is on fire, and many gaming stocks are following it higher. Due to advances in smartphones and high-speed internet, the gaming sector could benefit from substantial growth in the coming years.

Heading into the last five weeks of 2019, some gaming stocks could be worth adding to your portfolio.

If you’re interested in more gaming stocks, be sure to check out more of the Dork’s hot stock watchlists. You can learn about the latest Virtual Reality stocks here, and take a gander at the hottest tech stocks here.

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Five Gaming Stocks to Buy Now

The gaming sector has performed well since the start of the year. Here are five gaming stocks you should consider adding to your portfolio before Christmas.

Zynga Inc. (ZNGA)

Zynga has become a giant in the mobile gaming industry. The company is one of the top performers on NASDAQ this year, gaining over 60% year-to-date.

While presenting its third-quarter earnings late last month, Zynga’s $395 million bookings surpassed market expectations. It’s no surprise that some institutional investors are building stakes in the company.

On Tuesday, November 19, Flagship Harbor Advisors LLC, increased its stake in Zynga. Other institutional investors to do the same include; Vanguard Group Inc., Renaissance Technologies LLC, TimesSquare Capital Management LLC, and Nuveen Asset Management LLC.

Sony Corp. (SNE)

This Japanese multinational conglomerate should also be on your Christmas shopping list. Sony’s stock has grown by 26% since the start of 2019 and it’s performed well as of late.

Earlier this week, Sony purchased AT&T’s minority stake in Game Show Network, LLC. With this latest development, Sony now owns 100% shares of Game Show Network, LLC, which offers original and classic game programming to millions of AT&T subscribers.

Glu Mobile Inc. (GLUU)

Glu Mobile’s stock has underperformed in 2019, losing 45% of its value since the start of the year. However, it could be on its way to recovery following recent positive news.

video game stocks

Glu is set to release Disney Sorcerer Arena early next year, and the release could create some bullish momentum for the stock.

Despite its poor yearly performance, Glu made positive strides in the last quarter. The company booked $120 million in sales, 20% higher than the same time last year. Glu remains on track to release Disney Sorcerer’s Arena in the first quarter of 2020. The game could create a buzz that drives more bullish momentum.

Take-Two Interactive (TTWO)

The New York-based company has had a fantastic year so far. The stock is up by 18% year-to-date, trading at $123.66 at Wednesday’s pre-trading session. Take-Two has become famous for games such as Grand Theft Auto, Red Dead Redemption, BioShock, and a host of others.

Take-Two reported reliable results for fiscal second-quarter 2020. Their GAAP revenue surged by 74% compared to the same quarter last year. The GAAP revenue was $857 million, with an EPS of $0.63. Net bookings for their games was up by 63% to reach $950 million during the last quarter.

Electronic Arts Inc. (EA)

California-based Electronic Arts is one of the leading firms in the gaming sector. EA is up over 20% this year.

Electronic Arts recently launched Star Wars Jedi: Fallen Order. The adventure game is available worldwide on multiple gaming platforms, including Xbox One, PlayStation 4, and Steam. In the third quarter, the company also released other notable games, such as Plants vs. Zombies: Battle for Neighborville, and Need for Speed Heat.

video game stocks EA

EA’s Madden series is one of the leading franchises in gaming. Above: A company presentation promoting Madden 2019.

The diversified gaming portfolio at Electronic Arts makes it one of the most exciting gaming companies. Its stock could surge further before the end of the year as it outperforms the industry’s rally of 14.7%.

More Gaming Stocks to Buy

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Hassan Maishera is a cryptocurrency expert and a Stock Dork freelance contibutor.

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