esports penny stocks

Are The Esports Penny Stocks On Your List This Mont?

There are two things we definitely know right now. First, penny stocks are where retail traders are focusing. Second, COVID cases are going up. What to do, what to do. While there are plenty of people looking for the next round of coronavirus penny stocks to buy, others are trying to read between the lines.

What I mean by this is that there are people looking for new trends before they actually become the main focus for retail traders. Of course, we’ve seen a surge in biotech stocks this year. That’s understandable considering the race to find a vaccine for coronavirus. But don’t forget that the last 6 months have also produced big wins in other sectors too.

Ever hear of Genius Brands? I’m sure if you’ve been trading penny stocks it’s either something you smile about or are absolutely ticked off about. Needless to say, it was once a stock trading under $1, it ran up to over $11 and now sits around $2.30. This and other entertainment companies rallied strong in May and June. Some say it may have been due to investors searching for companies that could benefit from stay at home orders.

Next Round of Coronavirus Penny Stocks To Watch

In the case of Genius, there were other things that came to light. But the case was made for “alternative coronavirus stocks”. Similarly, in March and April we saw a rise of interest in food delivery stocks. Companies like Waitr Holdings, Blue Apron, and GrubHub began rumbling and once the mass markets figured it out, shares exploded.

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All 3 still trade much higher than where they were before coronavirus. Could it all be a coincidence? I’ll leave that up to you. But while you’re trying to reason with that idea, investors are looking for the next trend that could benefit from coronavirus. Some are turning attention to Esports.

Where you may think market leaders in video games like EA and Activision Blizzard are the “only choice”, there’s something else you should know. There are a number of Esports penny stocks to watch right now as new opportunities across the globe are triggering industry growth in the segment of tech.

Esports Penny Stocks To Watch: Fandom Sports Media Corp.

Fandom Sports

Esports has actually seen a massive surge of interest and participation while traditional sports take a back seat. This trend doesn’t appear to have any breaks on it right now either. That could mean an ideal time to take things seriously even during these early stages of the new industry. Fandom Sports (FDMSF Stock Report) (CSE:FDM) is positioning to take advantage of multiple facets of this emerging industry that’s already starting to outpace the broader market.

The forward-facing brand is built with a focus on being an agnostic fan engagement platform for Super Fans globally. By providing localized content and “hyper-gamification,” Fandom Sports looks to become the go-to platform for Super Fans to connect and get rewarded. This week, the company came a few more steps closer to doing that. On

Monday, Fandom announced that the English version of the all-ages Esports app is currently being Beta tested by strategic advisors. Fandom said it will be adding game titles like League of Legends, Dota 2, Counter-Strike: Global Offensive, Tom Clancy’s Rainbow Six: Siege, StarCraft II, NBA 2K20 and Valoran among others.

On Wednesday the company built upon its iGaming arm. Specifically, Fandom reported that it formed a Curaçao subsidiary; Fandom Esports Curaçao N.V. It will be applying for an Esports gaming license which is a pre-requisite for global Esports wagering and 18+ iGaming. The license when approved will enable fantasy, pools, fixed odds and exchange style wagering on Esports events. Since the beginning of the month, Fandom stock has climbed as much as 108%.

Esports Penny Stocks To Watch: Super League Gaming Inc.

penny stocks to watch Super League (SLGG)

Super League Gaming (SLGG Stock Report) has been looking at ways to capitalize on coronavirus shutdowns this year. The company focuses on competitive gaming and Esports entertainment for players across the globe. Earlier this year the company announced that it is working on a live broadcast production option to live stream mass participation competitive gaming events.

The company said that “this proprietary system provides an ideal solution for Hollywood productions, particularly in unscripted television in which simultaneous, real-time interactions between multiple people are the keys to good entertainment.”

SuperLeagueTV, Super League’s production studio was able to demonstrate features allowing it to become fully remote. “For unscripted productions in the reality, game and talk show genres that are facing serious production challenges during COVID-19, our system could be a gamechanger,” said Matt Edelman, Chief Commercial Officer of Super League Gaming. Earlier this month the company teamed up with USA TODAY (GCI Stock Report) Sports Media Group to partner on Esports events.

“Together, USA TODAY Sports and Super League are excited to provide a platform for mainstream video gamers to battle for supremacy in their favorite games, starting with Madden NFL 20,” explained Chris Pirrone, General Manager, USA TODAY Sports Media Group. This Thursday, the company will present at the Emergence of Esports webinar on July 9th. If SLGG stock is on your list, that may also be a date to jot down and keep in mind.

Esports Penny Stocks To Watch: Allied Esports Entertainment, Inc.

Allied Esports Entertainment, Inc. (AESE sstock)

Similar to Super League, Allied Esports Entertainment (AESE Stock Report) will also present at Thursday’s Esports webinar. The company itself provides infrastructure, content and live experiences to audiences. Furthermore, it has what it calls its strategic fusion of two powerful brands: Allied Esports and the World Poker Tour.

The company’s locations currently include 11 properties in the top three esports markets across the globe. This includes North America’s HyperX Esports Arena Las Vegas, HyperX Esports Truck “Big Meta”, Esports Arena Orange County and Esports Arena Oakland. It also includes Europe’s HyperX Esports Truck “Big Betty” and HyperX Studio in Hamburg, Germany.

At the end of June, Allied’s HyperX Esports Arena in Las Vegan reopened. This came after closures shut things down since March. Jud Hannigan, CEO of Allied Esports, stated in a press release, “We’re confident that with our safety protocols in place players and fans will still be able to enjoy the thrill of the on-site experience that HyperX Esports Arena is known for.”

[Read More] Which Penny Stocks Are Worth Watching Right Now? 4 Moving This Week

Gaming has an “enviable position” based on the main audience being young, fully educated on digital interaction, and affluent, analyst Jeff Cohen said. He highlighted T-Mobile US Inc., Toyota Motor Corp. and Sour Patch Kids as sponsors of Activision Blizzard Inc.’s Overwatch League. “Esports leagues and tournaments have begun to see an influx of non-endemic sponsorship money.”

Given the current yet quiet rumblings from investors are Esports stocks like these set for momentum as COVID continues to put a pause on the economy.

penny stocks to watch esports
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