FINSUM + Magnifi: Video Game Stock gets Buy Recommendations Across Wall Street
April 8, 2021
Roblox (RBLX) the children's hybrid social media/video game platform received nothing but praise and recommendations to buy from various Wall Street Analysts. Morgan Stanley, BofA, and Truist were vocal advocates of RBLX. Growing revenues were a large part of the fundamentals moving the stock up to $71 up from its March IPO of $45. Additionally, deals with Tencent are moving Roblox into a Chinese market that would vastly grow its clientele. Strike prices range from $78 to $100 as the future looks promising as RBLX plans education, concerts, and movie pairings.
FINSUM + Magnifi: Video Games and Streaming Unite in New ETF
(March 2021)
A new ETF tapping into dual online crazes has been filed for the First Trust S-Network Streaming and Gaming ETF. The ETF will focus on platforms that allow gamers and creators to stream content, E-Sports, and internet gambling enabled platforms. The ETF will generally track the price and yield of the S-Network Global Streaming and Gaming Index. The pandemic has breathed extra life into an already growing industry, as video game sales were up 35% year over year. Streaming is on pace to be a $247.27 billion industry by 2027. Other competitors in this market segment are the Esports ETF (NERD), Global X Video Games and & Esports ETF (HERO), and VanEck Vectors Video Gaming and eSports ETF (ESPO).
Read more
FINSUM + Magnifi: Why eSports ETFs May Be a Good Buy
(February 2021)
Thematic ETFs have been one of the market’s bright spots over the last couple of years. For evidence of this, look no further than ARK etfs, who has seen their AUM rise 1000% on huge inflows driven by the success of the holdings in their ETFs. So what might be the next big area? ESports is a good place to take a look. While the average advisor might not play too many videogames, eSports is a fast growing and hugely popular area for the Millennial and Gen Z generations. Take a look at Global X’s Video Games and Esports ETF (ticker: HERO), which invests in companies in the eSports space, ranging from video game production companies to businesses which facilitate the streaming of eSports play/competition.Read more