Buy Alert: Ubisoft Stock Is Heading Higher
This is a particularly exciting time for video game stocks, as both Sony (NYSE: SNE) and Microsoft (NASDAQ: MSFT) are scheduled to update their gaming consoles this year. Microsoft is releasing a new version of the Xbox (the Series X), and Sony is competing with PlayStation 5. These much-hyped consoles will likely spur a new cycle of demand for video games over the next several years.
My favorite stock to play this upgrade cycle is Ubisoft Entertainment (OTC: UBSF.Y). Ubisoft has five major games hitting the market over the next eight months. Titles with specific release dates include Watch Dogs: Legion (Oct. 29), Assassin's Creed: Valhalla (Nov. 17) and Far Cry 6 (Feb. 18). Ubisoft will also be releasing a new Tom Clancy shooter, Rainbow Six: Quarantine, as well as the fantasy epic Gods & Monsters. These five games should generate massive sales into 2021 and beyond.
Image source: Ubisoft.
Source Fool.com
