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Actionable news in ATVI: Activision Blizzard, Inc,

4 Analyst Best Idea List Stocks to Buy for the Rest of 2017

With a deluge of second-quarter earnings about to hit the tape, many investors are not only looking to see what the results are, but also very focused on guidance on this quarter and for the rest of 2017. With an eight-year-old bull market growing long in the tooth, it makes sense to tread lightly. The market has posted only five declines steeper than 1% in the past year, that’s the fewest for a 12-month period since 1996.

At 24/7 Wall St. we think it’s always a good idea to look at the highest conviction picks at the firms we cover for ideas going forward. Typically these are companies where the research is extremely thorough, and the stocks are shown to the top clients. We found four companies on the Wedbush Best Idea List that should be great stocks to own through the balance of 2017. All are rated Overweight.

Activision Blizzard

This company remains a top pick on Wall Street. Activision Blizzard Inc. (NASDAQ: ATVI) develops and publishes online, personal computer (PC), video game console, handheld, mobile and tablet games worldwide. It develops and publishes interactive entertainment software products through retail channels or digital downloads and downloadable content to a range of gamers.

Some analysts feel the company could earn up to $3 per share by 2018 if it can optimize the King Digital advertising opportunities and unlock synergies. Advertising in the company’s Candy Crush franchise has posted a solid start.

The key drivers for the company include the planned launches of “Call of Duty: WWII” (November 3 release date), for which management is already guiding to sales...


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