Capcom (CCOEY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
I upgrade Capcom Co., Ltd. stock to a Buy, considering its new game and its opportunities outside Japan. Its new Monster Hunter Wilds title released in end-Feb was popular with gamers, as eight million units were sold in the initial weekend. CCOEF's long-term prospects are favorable with a growing exposure to developing markets.
Here is how Capcom Co., Ltd. (CCOEY) and Fox Corporation (FOX) have performed compared to their sector so far this year.
Here is how Capcom Co., Ltd. (CCOEY) and Madison Square Garden Entertainment (MSGE) have performed compared to their sector so far this year.
Here is how Capcom Co., Ltd. (CCOEY) and Traeger (COOK) have performed compared to their sector so far this year.
Capcom (CCOEY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Capcom's Q1 FY 2024 operating income fell 46% YoY missing consensus estimates, and analysts have lowered full-year operating profit projections. Capcom faces significant mid-to-long-term challenges, including traditional video games ceding share to social or casual games and difficulties in selling its PC games in emerging markets. I have a negative opinion of CCOEY's outlook in the near term and long run, and this has prompted a downgrade to a Sell rating.