Bank of America (NYSE: BAC) shares opened higher by about 5% following the company's Q4 earnings results which showed it topping expectations on the bottom-line and coming in line on the top line. However, shares gave up these gains to finish flat on the day primarily due to the broad market sell-off.Bank of America's results were marginally better than its peers, many of whom reported higher than expected expenses with cautious commentary on the economic outlook, citing infl...
The video game industry has been in the spotlight recently, and for good reason. The gaming industry is massive and fast-growing, boosted by the pandemic-era lockdowns as consumers looked for indoor entertainment.
In the last two weeks, gaming giant Take-Two Interactive (NASDAQ: TTWO) announced its $12.7 billion acquisition of mobile-game maker Zynga (NASDAQ: ZNGA), Microsoft (NASDAQ: MSFT) broke records with its $68.7 billion acquisition of industry leader Activision-Blizzard (NASDAQ: ATVI), and Netflix CEO Reed Hastings said in an earnings call the streaming platform plans to "amaze our members by having the absolute best [games] in the category."
The big moves come as the industry continues to grow among consumers. According to the Entertainment Software Association, an industry trade group, nearly 227 million Americans play video games as of 2021, with two-thirds of adults and three-quarters of kids playing video games weekly. Moreover, over half of video game players surveyed said they played more games during the pandemic, and 90% think they'll continue playing after the country opens up and social distancing is no longer required.
Investors seeking to diversify their portfolio to benefit from this growing industry, with exposure to both domestic and global markets, can include these exchange-traded funds currently trading in the United States: VanEck...
