3 Stocks That Look Just Like Activision Blizzard in 2013
Back in 2013, video game giant Activision Blizzard Inc. (NASDAQ: ATVI) made a huge move, when CEO Bobby Kotick led an investor group that freed the company from the majority ownership of Vivendi, which had shadowed the company -- and made investors very wary -- for a number of years. Since then, the company has continued to release megahit video games, add new exciting (and very profitable) titles to its stable of content, and expanded into casual gaming.
Between these profit-boosting moves and a stock market that's fallen in love with the company and pushed its valuation much higher, investors have seen almost 500% total returns since. Looking for a stock that could have similar potential in coming years? Look no further than these three suggestions from our contributing investors: SunPower Corporation (NASDAQ: SPWR), International Business Machines Corp. (NYSE: IBM), and Kinder Morgan (NYSE: KMI).
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Source: Fool.com