Prediction: Nintendo Stock Will Soar After April 2
The entertainment giant is entering its new era starting next month.
Legacy media has had a rough time in the last decade. Stalwarts such as Walt Disney have struggled mightily versus modern technology competitors, with its stock only posting a 13% total return in the past 10 years. Nintendo (OTC: NTDOY) is one of the few legacy entertainment companies that is thriving.
The Japanese video game maker and burgeoning entertainment giant has delivered a 739% total return in the last 10 years and recently broke through to an all-time high. I think the party is just getting started. Nintendo's next generation begins with some Switch 2 announcements on April 2, which should provide a big boost to the stock.
Here's why Nintendo stock is an easy buy for your portfolio today.
