E3 Roundup: Investor Mojo

E3 Roundup: Investor Mojo

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Gamers were not the only audience keenly focused on the announcements and highlights from last week’s E3.  Among the millions paying attention to the event were stock investors who took note of the activities and rewarded several stocks of hardware and software companies with gains that were above and beyond the broader market during the same period.   Software winners from E3 included Two Interactive Software, Electronic Arts, and Activision Blizzard, all with gains of more than 4%.   However, as of June 27th, all had retreated to near pre-E3 levels.  Hardware gainers were Turtle Beach, Logitech, Advanced Micro Devices.   While the gains were anywhere from 4% to 9%, all have since reverted to near pre-E3 prices.   Perhaps the declines were sparked by trade war fears as the broader market indices saw 3% and 4% declines respectively for the S&P500 and the Nasdaq after E3.  It will be interesting to see if these stocks, briefly anointed the winners of E3 by investors, will outperform most brethren stocks between now and the next E3.