Kaustav Ghosh, a contributor for the NASDAQ website, recently published an article entitled “4 Stocks to Watch Amid the Growing Popularity of Mobile Gaming”. In this piece, Ghosh says that the four stocks to watch are Activision Blizzard, Inc., Electronic Arts Inc., Glu Mobile Inc., and Take-Two Interactive Software, Inc.
“Mobile gaming has been taking the gaming industry by storm as users have the convenience of picking up a smartphone and find a gaming title they enjoy, without the hassle of purchasing additional hardware or be an intensive gamer,” Ghosh writes. “This makes it a good time to look at companies that have made in-roads into the mobile gaming market and stand to make the most of this potential going forward. Notably, we have selected four such stocks that carry a Zacks Rank #2 (Buy) or 3 (Hold).”
Statista recently released a report on the global online gaming and entertainment market. In the review, the company said that the worldwide entertainment market is expected to grow to $2.2 trillion this year.