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Activision, Take-Two stocks gain after bullish E3 comments from Morgan Stanley

Shares of Activision Blizzard Inc. ATVI, +2.62% and Take-Two Interactive Software Inc. TTWO, +2.88% are up 2% and a pair of.4%, respectively, after Morgan Stanley analyst Brian Nowak penned an upbeat note with his ideas at the E3 conference. On Activision, Nowak highlighted management's "bullish" feedback on new cellular video games in keeping with Blizzard titles as well as enhancements in the company's King promoting business. He used to be also positive about Activision's Overwatch League, an e-sports venture. "We believe OWL has over-delivered on its minimum audiences with Twitch and will generate $120mn in its 2-year contract," Nowak wrote. As for Take-Two, Nowak pointed to management's continued focus at the release of Red Dead Redemption 2. He sees "room to grow" for the corporate's NBA2K League. Nowak and his team "favor" Activision and Take-Two to other publishers. Activision's inventory is up 34% during the last 12 months, while Take-Two stocks have received 63% and Electronic Arts Inc. EA, +1.89% stocks have risen 32%. The S&P 500 SPX, +zero.21% is up 14% previously year.