Why Activision Blizzard (ATVI) Stock Is Up Today

NEW YORK (TheStreet) -- Activision Blizzard (ATVI) was gaining 1.4% to $21.21 Monday as the video game publisher gets ready to show off new video games at the Electronic Entertainment Expo (E3) in Los Angeles.

At the trade show Activision Blizzard will show the latest game in its Call of Duty franchise, called Call of Duty: Advanced Warfare. The publisher will also showcase Skylanders Trap Team, the upcoming game in the popular Skylanders franchise, at the show.

Destiny, the next game from Bungie, creators of the Halo series, will also make an appearance at E3 before its release later this year.

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates ACTIVISION BLIZZARD INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate ACTIVISION BLIZZARD INC (ATVI) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

How eSports Leaders Are Making a Business Out of the Professional Gaming Market

Lockheed Martin, Raytheon, Activision Blizzard: 'Mad Money' Lightning Round

Shrug Off The Apple-FANG Bite: Cramer's 'Mad Money' Recap (Thur 9/14/17)

Apple iPhone X Has This Powerful Force Behind It That Nobody Is Talking About