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TheStreet Open House

These Video Game Suppliers Could Sell-off In The Short Term

Stocks in this article: AMD GME MSFT SNE

Conclusion

The melt-up in retail game companies and their suppliers appears to be excessive, but investors should not expect them to fall over the longer term. A major refresh in consoles from Microsoft and Sony ensure that the game industry has a platform to compete against mobile games. The positive cycle for GameStop, Sony, and AMD will not begin until later this year, and will unfold over a number of years. For investors who missed the rally, it is probably not a good idea to buy shares at this time. Stocks could sell-off after an Xbox announcement. If that happens, that may be a better entry point for investors.

Written by Chris Lau

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