Insights: Bullish Stocks
Video Game Stocks Breaking Out; Buy SE-US, EA-US, ATVI-US, ZNGA-US, CDR-PL, UBI-FR, and 9697-JPVideo game stocks have been a major focus of ours for several months with the space outperforming the broad market amid the coronavirus pandemic. The stay at home theme remains in full force and with most of the space breaking out simultaneously, it gives us added confidence that price and RS appreciation is likely just getting started.
· We believe the strength in video game stocks is not a flash in the pan. These companies are getting a boost from consumers staying at home, but we believe gaming habits are likely to persist even when stay-at-home orders are lifted. Additionally, a second spike in infections remains a risk and a distinct possibility.
· Importantly, price is confirming our bullish thesis. This is depicted by the price breakout and RS uptrend in the VanEck Vectors Video Gaming & eSports ETF (ESPO)... see chart below. When the Group and several individual names are breaking out simultaneously, it dramatically increases our confidence that the Group is poised for continued outperformance.
· In today's report we highlight our favorite technical setups, all offering compelling and timely opportunities to add exposure at current levels. Buy: SE-US (our favorite setup), EA-US, ATVI-US, ZNGA-US, CDR-PL, UBI-FR, and 9697-JP... see pages 2-5.
Activision Blizzard is a global developer and publisher of interactive entertainment content and services. The company's segments are: Activision Publishing, Inc., which is a global developer and publisher of interactive software products and entertainment content, particularly for the console platform; Blizzard Entertainment, Inc., which is a global developer and publisher of interactive software products and entertainment content, particularly for the personal computers platform; and King Digital Entertainment, which is a global developer and publisher of interactive entertainment content and services, particularly for the mobile platform, including for Google Inc.'s Android and Apple Inc.'s iOS.
Cedar Realty Trust is a real estate investment trust that focuses primarily on ownership, operation and redevelopment of grocery-anchored shopping centers in urban markets from Washington, D.C. to Boston. The company owns and manages a portfolio of operating properties in Pennsylvania, Connecticut, Massachusetts, Maryland / Washington, D.C., Virginia, New Jersey, New York, and Delaware. Cedar Realty Trust Partnership, L.P. (the Operating Partnership) is the entity through which the company conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. The company is the sole general partner of, the Operating Partnership.
Energy Absolute Public Company Limited is a Thailand-based company engaged in the renewable energy businesses. The Company manufactures and distributes methyl ester biodiesel products, high speed diesel oil and pure glycerine products; generates electricity from solar and wind power, and provides consultation in the project regarding alternative electric energy.
Zynga is a provider of social game services. The company develops, markets and operates social games as live services played on mobile platforms and on social networking sites. All of the company's games are free to play, and the company is engaged in the sale of virtual currency that players use to buy in-game virtual items, as well as providing advertisement-free versions of its mobile games through purchase. The company's advertising and licensing offerings include: mobile ads in its mobile games; display ads in its online web games; engagement ads and offers; branded virtual items and sponsorships that integrate relevant advertising and messaging within game play; and licensing its brands.
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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