Activision Blizzard (ATVI)

He doesn't invest in the video game space, though Google and Amazon, which is how he invests in this space. It's a nice. It's a little industry and an oligopoly. He prefers Activision, but he plays it through Google and Amazon.

This is video games company. Makes the top games: Call of Duty. Diablo, Candy Crash. Valuation is reasonable. Balance sheet is perfect. One of the greatest secular trends of our times. (Analysts’ price target is $81.07)

They make the best games. They're getting into the battle royale market with new games. All videogame companies have been under a cloud because of this Fortnite controversy. He expects a 20% profit in ATVI in the next year.

Catalysts are e-sports, streaming and geographic distribution, with 30% of revenues coming from mobile. The Overwatched League involves people watch other people play. Even the owner of the New England Patriots bought a team on this league. It has a great runway. (Analysts' price target: $77.50)

It has gotten ahead of itself on valuation. It’s too expensive at this level.

Videogame maker with a lot of titles in games that people really want to play. There are some very favourable trends. Gaming is huge and growing. People like spending their money there. Even on what they call “End Game Purchases” where you have to spend money to go to the next level, it is amazing how much revenue is generated. You are dealing with consumer preferences which can change quickly, so she stays away.

The risk on tech stocks is now heavier than the return on a single start basis. The chart shows a very small head and shoulders formation, but it is very short. He has gone cautious on semiconductor stocks. The sector is likely to face a wave of outflows, which becomes hard to compete against with people going towards ETF’s. He prefers healthcare now. Valuation on this one is pretty full now. He would look to other spaces.

It is all over the map and is very inconsistent. He has a tough time recommending this kind of stock. Return on capital went from 11% in 2015 to 18% a few quarters later. There must have been some good releases recently. The valuation is a little rich. It has high risk.

(A Top Pick Nov 6/13. Up 13.46%.) He got stopped out of this, but did very well in a short period of time.

Very hidden in the entire excitement around the console gaming world is that the State Council of China, for the 1^st time in 13 years, lifted the ban on consoles. There is probably a black market there but this whole Xbox, PlayStation refresh is occurring before Christmas and everything is running up to be a very exciting run into the holiday season and this Chinese news could be a tailwind to the name. Largest franchises include Call of Duty, Diablo, Skylanders and World Of Warcraft. Yield of 1.14%.

(A Top Pick Dec 7/12. Down 1.5%.) Videogame maker. There is some controversy around the products they make. He had mentioned that he would buy it if it broke below $11 but other factors changed his mind.

Videogame manufacturer. Has some technical support which is seems to be bouncing off of. This is for a very short term play. Target would be somewhere around $12.