Analysts seem to think yes, my dad thinks no. I'm undecided. Sure aquiring Zynga and the upcoming GTA 6 are promising factors but people also have to have time and money for video games. The stock is also at it's all time high except for recent 1-2 years but there are obvious reasons for that spike. What do you think? I'm still new to the stock market and currently in the process of buying my first couple stocks.
I would stay out of videogame companies until the next hardware console release-cycle. That is when they perform the best I reckon. Try companies that produce/provide stuff that people need, not what they may want. Like CAT and John Deere for example. They have no more barriers since the Biden infrastructure bill kicks in next year.
What an ugly messy chart. Years ago, the TTWO chart was very beautiful. It has been moving in a range. It will continue to move in a range until the chart says otherwise.
Today i bought KHC and the two you mentioned are on my list to check out. There are probably better/safer bets instead of TTWO but i still see potential in it. I think its also worth noting that i'm trying to buy some stocks in order to double my money within ~ 1-3 years. For conservative/safe/long term investing i think i will go with mutual funds as dave ramsey suggests.
Oh, and definitely keep an eye on LOW and HD. I think they will both do quite well. Seems a contradictory trade, but think about it. New housing market is coming down now, and interest rates are high. So people are going to be renovating more than building. While HD is considered the new home builder/contractor market and LOW the DIY folks? I think those analysts are all wrong. Both companies will do well in a shrinking inventory environment.
huh? khc, ttwo ... are not showing much potential. The chances of being profitable within 1-3 years are possible, but rather slim. Do not assume if you hold on to the stocks for many years, your investment account will grow.
%% SOUNDS like Dave Ramsey + Dad are right, Michael. TTWO has gapped down so much\ so much off 52 week high\ so low\ so low EPS\ EPS =5\ meaning 95% of companies earn better. My banker dad was almost always right , like Dave Realtor redneck Ramsey.
I decided not to buy TTWO stock, at least for now. But i do not regret buying KHC so far. Maybe later.
Something wrong with KHC. 5 years ago, why did the price drop massively? Will there be a major change in the top management, in their business strategy....? Are they in the dying, sunset business? How are they vs competitors? ... Without knowing all these, your win rate is going to be poor. All the best mister.
But this is also part of the reason why i bought it. The fact that it's cheap right now could lead to high gains further down the road is what i'm thinking. But how little do i know, maybe i regret buying this stock in a couple months.