As the holiday season 2023 is approaching, investor focus is shifting to the stocks that present the best opportunity to buy at this time, and some of them are, indeed, in a better position than others to bring profit to their buyers, provided they purchase them before their prices soar.
Specifically, the winter holidays are a time when people are usually looking for gift ideas, which leads to an increased demand for video games and consoles, and which is why the stocks of the world’s best-known companies in this category might be a smart buy ahead of Christmas 2023.
Nintendo (OTC: NTDOY)
Indeed, Nintendo (OTC: NTDOY) qualifies among these investments due to its historically strong sales during the holiday season, such as in the holiday quarter of 2021, when Nintendo sold more than 10 million Switch consoles. Moreover, it often announces new products or releases during these times.
As things stand, the pre-market price of the NTDOY stock currently amounts to $10.67, which represents an increase of 1.79% in a day, in addition to growing 5.47% over the past week and gaining 4.45% during the previous month, as per data retrieved from finance and cryptocurrency monitoring platform TradingView.
Sony (NYSE: SONY)
Considering the massive success of the PlayStation 5 console, growing streaming revenue, strong diversification into multiple industry branches, and expectations of strong sales during the holiday season, it is no surprise that Sony (NYSE: SONY) is an excellent investment at this time.
For now, the price of Sony stock stands at $87.25, recording a 0.99% gain in the last 24 hours, in addition to the advance of 8.02% across the previous seven days and growing 5.76% on its monthly chart, according to the latest TradingView information.
Microsoft (NASDAQ: MSFT)
Finally, Microsoft (NASDAQ: MSFT) has a long-running track record of performing well in the fourth quarter due to the increased demand for its products, such as the immensely popular Xbox, and services during the holiday shopping season, as well as its stable business model and constant innovation.
At press time, the MSFT stock was trading at the price of $355.58, which means it is up 0.79% on the day, adding up to the weekly increase of 5.82% as well as gaining 10.56% in the past month, according to the most recent charts on November 6.
All things considered, historical performance suggests that Nintendo, Sony, and Microsoft might be a good investment before Christmas, but it does not necessarily have to be an indicator of future results. This is why it is important to weigh the risks and do one’s own research prior to purchasing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.