#3 - Sony (NYSE:SNE)
Turning to the gaming sector, one of the underlying catalysts for the semiconductor sector is the scheduled launch of new gaming consoles. Sony (NYSE:SNE) is getting ready to release the latest version of its PlayStation console, the PlayStation 5. Historically, the company’s stock gets a bump whenever it releases a new console.
But if you want to understand the story for Sony you have to gaze beyond the hardware and look to the cloud. Cloud gaming services are the new path to growth and Sony has been steadily seeing subscriber growth in its PlayStation Plus and PlayStation Now services.
Sony stock is up a modest 10% for the year. By comparison, Microsoft (NASDAQ:MSFT) the maker of the soon-to-be-released new version Xbox is up nearly 27% this year. Granted Microsoft has a much larger cloud business (among other things) than Sony. But it also suggests that SNE stock may have more room to surprise.
About Sony
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company distributes software titles and add-on content through digital networks by Sony Interactive Entertainment; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.
Read More - Current Price
- $83.75
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
