NTDOY - 3 Top Gaming Stocks to Buy in July
2023-07-07 08:12:00 ET
By the end of this year, the gaming industry as a whole is expected to generate around $385 billion in revenue, which is larger than both the filmed entertainment and recorded music industries combined. And analysts even project that the gaming industry could grow at a double-digit rate through 2028. When describing the opportunity, Microsoft CEO Satya Nadella once called it "the most dynamic and exciting category in entertainment across all platforms today."
So with some clear tailwinds behind the gaming market, here are three stocks in particular that look poised to drive strong returns for investors.
Nintendo (OTC: NTDOY) , the company behind hit franchises like Mario, Zelda, and Pokemon, generated 161% returns for shareholders since first introducing the Nintendo Switch in March 2017. But before getting into why those returns could continue, I think it's best to lay the groundwork for understanding the company.
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3 Top Gaming Stocks to Buy in July