- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Tiger Woods Out of Hospital After Accident
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
Text Size 
 |
Video games are full of action and adventure, but the stocks of the companies that make look surprisingly safe to Kaufman Brothers cable and satellite analyst Todd Mitchell.
"This is a discretionary item that is bought by a demographic that typically is not that economic-sensitive," Mitchell told CNBC from the Game Developers' Conference in San Francisco. "There's other things that go first. I don't think this sector's going to be that impacted by any sort of economic slowdown."
There are even big opportunities for some firms.
"You saw Guitar Hero," he said. "That came out of an independent studio that Activision bought for, I think, a hundred million dollars and turned into a billion-dollar franchise."
Mitchell rates Activision [ATVI
Loading...
()
] and Electronic Arts
[ERTS
Loading...
()
] at "hold." He's much more enthusiastic about Take Two Interactive Software [TTWO
Loading...
()
].
"Take Two is coming out with GTA [the latest version of its blockbuster Grand Theft Auto] in April, and that's going to be a huge release," he explained. "That's going to be a $250-$300 million weekend, and I think the stock is extremely cheap at these levels."
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes