These Two Oversold Gaming Stocks Are Ready to Bounce

2024 could be another big year for the industry 2024 could be another big year for the industry                                                                                                      [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, Investors may want to pay close attention to video game stocks, like Take-Two Interactive (TTWO) and Electronic Arts (EA). Not only are they oversold, but they’re likely to benefit from surging sales again this year. In 2023, for example, sales of everything game-related came in at $57.2 billion, which was above the $56.6 billion in sales for 2022. "Great content is what drives the video game market, and 2023's release slate was one of the best in industry history," said Mat Piscatella, Executive Director of Video Games at Circana, as quoted in a press release. "While mobile, console and PC platforms remain the way most people engage with gaming today, new technologies are expanding the ways people can play. The future continues to be very bright." In addition, with new releases coming up, 2024 could be another big year for the industry. Plus, when Take-Two finally releases its latest installment of the much-anticipated Grand Theft Auto VI, sales are likely to rocket. --------------------------------------------------------------- Sponsored [Crypto Expert Reveals]([#1 Opportunity For Crypto Bull Run]( Crypto prices are surging and the gains are just beginning. It’s not too late to find the crypto that could make you a fortune! Right now, this crypto is trading at a MASSIVE discount. Get all the details in a Special Report the Crypto 101 team has recently put together. From their research, this is (by far) the best crypto opportunity right now. [Click here for all the details…]( --------------------------------------------------------------- Company: Take-Two Interactive (SYM: TTWO) Analysts at Oppenheimer just reiterated an outperform rating on the stock, with a price target of $185. The firm noted investor anticipation for GTA VI, upcoming earnings, and a potential adjustment to fiscal year 2025 guidance. --------------------------------------------------------------- Sponsored [URGENT: The #1 Dividend Stock of 2024]( 34-year investing legend Tim Melvin says: "This is the #1 Dividend Stock for the AI Boom." Why? Because this little known stock is an energy royalty company…so they get paid any time someone drills for oil or gas on their over 20Million acres of American soil. And according to the New York Times..."AI could soon need as much electricity as an entire COUNTRY." So this company is perfectly positioned to get RICH during the AI boom. And if you buy their stock before May 9th, you could too. [Click here for all the details.]( --------------------------------------------------------------- Company: Electronic Arts (SYM: EA) Electronic Arts is technically oversold on RSI, MACD, and Williams’ %R. From its last traded price of $127.14, I’d like to see it retest $144.25 near term. Earnings have been good. In its third quarter, the company’s earnings per share was $1.07, which was 17 cents ahead of estimates. Net bookings were up 1.3% year over year to $2.37 billion. Free cash flow for the trailing 12 months came in at $2.2 billion from $1.164 billion a year earlier. Moving forward, EA expects to see EPS of between $4.21 and $4.68, which would be 54% at the midpoint from $2.88 a year earlier. Weakness is an opportunity with EA, too. --------------------------------------------------------------- Sponsored[5 Best Stocks to Buy if Trump is Elected President in 2024]( Big things are happening in politics, and it could mean big wins for your wallet. If Trump wins again in 2024, some companies will do really well. Our friends at Trading Tips have found 5 of these companies and put them in a free report for you: "5 Stocks to Buy if Trump is Elected President in 2024." [Click here to claim your free copy of this report.]((By clicking this link you agree to receive emails from us and our affiliates. You can opt out at any time) --------------------------------------------------------------- [Free trades! Delivered Right to Your Inbox]( Want more free daily trades in your inbox? [Sign up for Dylan Jovine's Daily Guru Trades]( Do you invest in any gaming or entertainment stocks? Are there any you have your eye on that we might have missed? Hit "reply" to this email and let us know! 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