Take-Two Interactive Software, Inc (NASDAQ:TTWO) is the preeminent studio in gaming, BK Asset Management s Boris Schlossberg said Wednesday on CNBC s Trading Nation.
The stock has sold off recently as investors see light at the end of the COVID-19 pandemic tunnel, which Schlossberg noted as presenting a good entry point for long-term investors.
Any savvy investor is going to buy the dip at current levels because the prospects for the company long-term are very strong, he said.
Grand Theft Auto VI will probably be the single biggest blockbuster hit in the history of gaming, Schlossberg told CNBC.
Take-Two is scheduled to report financial results for its fourth quarter and fiscal year 2021 after the market close on May 18.
Elon Musk s upcoming Saturday Night Live appearance on May 8, with some traders expecting the Tesla CEO to create buzz for his favorite crypto.
Musk is far from the only celebrity to throw their support behind the market. On Tuesday, Tiger King personality Carole Baskin announced a new digital coin, $CAT, for fans to buy items and experiences through her organization.
Even if dogecoin reaches many traders $1 target by Musk s SNL appearance, investing in a space with limited fundamental catalysts carries significant risk, BK Asset Management s Boris Schlossberg told CNBC s Trading Nation on Wednesday. The party . is going to come to an end one way or the other, said Schlossberg, his firm s managing director of FX strategy.
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FOREX-Dollar at three-week lows as Treasury yields subdued Reuters 2 hrs ago By Karen Brettell Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds comments from Fed s Powell and Kaplan, Beige Book, analyst comment, updates prices) By Karen Brettell NEW YORK, April 14 (Reuters) - The dollar dipped to three-week lows on Wednesday as Treasury yields held below recent highs, reducing the relative attractiveness of the U.S. currency. The dollar has gained this year as Treasury yields rose on expectations of faster growth and higher inflation. That trade has paused this month, however, with yields stabilizing below one-year highs reached last month. “The whole pro dollar trade is based upon the yield story and given the fact that the yield story has backed off the highs, the dollar has pretty much done the same thing,” said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. “Until the bond market gets the