![]() ![]() This March, The9 Limited (NASDAQ: NCTY) signed a $2 million Filecoin mining machine purchase agreement which is expected to increase the company's storage mining power. The company mainly deals with mobile and TV games and is ranked 11th on our list of the best gaming stocks to buy now. The9 Limited (NASDAQ: NCTY) is a Chinese internet company with a focus on developing cryptocurrencies mining business and proprietary or licensed online games. The stocks added to our list were selected on the basis of hedge fund sentiment, analysts' ratings, fundamentals, and growth potential based on core business strengths. Without further ado, let's look at the 11 best gaming stocks to buy now. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. We have been tracking and sharing the list of these stocks since February 2017, and they lost 13% through November 16th. We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. Our stock picks outperformed the market by more than 115 percentage points ( see the details here). Between March 2017 and May 28th, 2021, our monthly newsletter’s stock picks returned 206.8%, vs. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. (NASDAQ: AMZN), despite actually being a tech retail giant, has been able to reap the benefits of the COVID-19-influenced gaming industry boom with its Prime Gaming segment.īecause of the pandemic, the entire hedge fund industry is feeling the reverberations of the changing financial landscape. (NASDAQ: AMZN) are profiting more off of the lucrative gaming market. In light of the above, companies like Electronic Arts Inc. Additionally, the fact that gamers in the US stated that they had spent 45% more time on video games during quarantine and lockdown makes the above much more believable. ![]() Bloomberg has also cited a Mordor report which stated that global gaming market may exceed $256 billion by 2025, growing at a CAGR of 9.17% between 2020 to 2025. They noted that nowadays, many first-generation gamers are all grown up and exercise a sizeable spending power when it comes to video games, and so gaming can no longer be considered mere child's play. ![]() Bloomberg also reported this year that the video and mobile gaming industry may be one of the most lucrative industries on Wall Street. Owing to the increased popularity among not only children but adults as well, it is unsurprising that the gaming industry is going through such a boom. The company also saw an eye-popping 87% increase in net bookings during the quarter, shocking everyone including company executives who claimed the June quarter was normally one of their "quietest." (NASDAQ: EA) reported their strongest quarterly sales in the company's 38-year history last June, as more people were forced to stay home and keep themselves entertained. As older players who had not been able to find the time to play games before lockdown impositions came back, joined by newer gamers and even heavy gaming addicts, the gaming industry was able to see unprecedented growth. The pandemic ended up helping the gaming industry grow even larger than it had been previously. Game downloads across the world also went up 75% from 2019 to 2020, while watch time for live streams went up by 45% in the same time frame. As more people had to comply with social distancing, more people also began getting the time to play the games they couldn't before, due to which the global gaming market was able to reach $162.32 billion last year. While almost every industry in the world has been suffering losses because of the pandemic, the video game industry can be considered one of the winners who have benefited from stay-at-home and lockdown restrictions imposed globally. If you're tired of reading about how the coronavirus pandemic has adversely affected various industries and sectors across the globe, then you might have just stumbled across the perfect article. To skip our detailed analysis of the video game industry, you can go directly to see the 5 Best Gaming Stocks to Buy Now. In this article, we will be looking at the 11 best gaming stocks to buy now. ![]()
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