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Video Game Maker stocks are actually Positive Today

Submitted by Frank Lara Jr on Thu, 11/20/2008 - 14:59.
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Video Games

Finally the proper reaction to October video games sales of $1.31 billion in U.S. retail stores on hardware, software and accessories.  The major game makers are up for today.

Over the weekend, I talked up Electronic Arts, and said Electronic Arts shares ready for a comeback, how true that is today:

Name Exchange  Symbol  Last Trade Change Mkt Cap
THQ Inc. NASDAQ THQI $3.44 +0.02 (0.58%) 230.68M
Electronic Arts Inc. NASDAQ ERTS $18.43 +1.32 (7.71%) 5.90B
Activision Blizzard, Inc. NASDAQ ATVI $9.93 +0.56 (5.98%) 13.09B
Take-Two Interactive Software, Inc. NASDAQ TTWO $10.12 +0.30 (3.05%) 785.34M

Sales of video games rose in October, according to NPD Group. The industry is still poised to do $22 billion in sales in 2008, NPD estimates.

These stocks deserve a look and they are bouncing back because they have been oversold.

Investors looking to get back in the game with less subprime exposure? Electronic Arts (ERTS) and others are worth your attention, game on.  

Take another look at Electronic Arts shares ready for a comeback and read It’s Game on at Take Two Interactive (TTWO) at theStockMasters.com by Eric Cheshier. 

Discliamer: Long positions in both ERTS and TTWO.

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