After enjoying surging valuations thanks to pandemic-driven tailwinds and the broader run-up for growth stocks, video game stocks have cooled off a lot. Positive engagement tailwinds receded as many parts of the world moved closer toward business as usual, and the rising interest rate environment has applied pressure to the stock market at large. Currently trading down 48% from its peak, Take-Two Interactive (NASDAQ: TTWO) stock in particular looks like a smart buy right now.
The 2022 market correction was a wake-up call for investors that stocks can fall quite sharply. To increase the odds of finding long-term winners, I like to focus on industry-leading companies that have major tailwinds behind them, such as trends where people are spending more time or certain technologies that companies are rapidly adopting. The video game industry offers investors attractive long-term returns, with Take-Two Interactive (NASDAQ: TTWO) being one of the standout performers in recent years.
NEW YORK, January 23, 2023--Today, 2K announced WWE® 2K23, the newest installment of the flagship WWE video game franchise developed by Visual Concepts, will be coming soon for PlayStation® 5 (PS5™), PlayStation®4 (PS4™), Xbox Series X|S, Xbox One, and PC via Steam. In celebration of his 20th anniversary as a WWE Superstar, 16-time World Champion, Hollywood icon, record-setting philanthropist, and WWE 2K23 Executive Soundtrack Producer, John Cena, will be featured on the cover of each edition of