Investors, desperate to talk themselves into anything worth investing in, are once again fixating on Activision-Blizzard’s stock. ATVI has been given a 5-star rating by the users of the Motley Fool investing service.
Based on the aggregated intelligence of 125,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, video game giant Activision Blizzard (Nasdaq: ATVI) has earned a coveted five-star ranking.
…Over on CAPS, 3,350 of the 3,432 members who have rated Activision Blizzard—or 98%—believe the stock will outperform the S&P 500 going forward. These bulls include directd and Macsblow.
Last week, directd wrote that Activision is “a winner – profitable, loads of cash, still close to its 52 week low, tremendously undervalued, has proven to deliver outstanding games in [World of Warcraft], Guitar Hero and likely winners in Diablo and Starcraft.”
Note that this isn’t a ranking from an investment journalist or stock “expert.” It’s what the users of the site are saying. However, since picking stocks in the Internet age is as much (or more) about predicting mob psychology than actual earnings reports, the fact that 98% of the Motley Fools think this stock is a good buy can make that a self fulfilling prophecy. On the other hand, people were saying much the same thing about ATVI last fall, before it,, drove over the recession cliff.