The Zacks Analyst Blog Highlights: Activision Blizzard, Sony, Microsoft, Electronic Arts and Take-Two InteractiveSoftware

Zacks

For Immediate Release

Chicago, IL – October 11, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Activision Blizzard (ATVI-Free Report), Sony (SNE-Free Report), Microsoft (MSFT-Free Report), Electronic Arts (EA-Free Report) and Take-Two InteractiveSoftware Inc. (TTWO-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:

Activision, Bungie Unveil Destiny Beta

Activision Blizzard (ATVI-Free Report), in collaboration with Bungie recently announced that subscribers, who pre-order the game Destiny, will get early access to a beta version that will provide a glimpse of the key features of the game.

The beta version will be available in the market from early 2014 on Sony’s (SNE-Free Report) PlayStation 3 & 4 computer entertainment systems. It will also be available on Xbox One & Xbox 360 game consoles from Microsoft (MSFT-Free Report).

Bungie expects Destiny to be a great success as the company has loaded the game with enhanced features. Moreover, the expertise that the company has received from Activision has also helped enrich the game content. This apart, Bungie has past experience in this field and is hoping to position Destiny Beta a step ahead of the mighty Halo 3.

Game developers such as Activision Blizzard and Electronic Arts (EA-Free Report) are actively adding new features to make the game more interesting and involve more players. We believe that the popularity of these franchises will attract new consumers, which will further boost ATVI’s top-line in the near term.

ATVI’s strong grip on the video game industry works in the company’s favor. The company is the producer of some of the segment’s flagship products. This includes the Call of Duty, Guitar Hero, and Warcraft franchises, in addition to a number of mobile games with operations across the globe.  With the strong fundamentals, new collaborations and ever increasing gaming portfolio, Activision is evenly poised for growth.

However, stiff competition from Electronic Arts, Take-Two InteractiveSoftware Inc. (TTWO-Free Report) and others may pose some challenges. ATVI faces a tough challenge from the soft video game industry performance, which could rationalize growth prospects.

Activision has a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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