Elon Musk isn’t just limited to starting companies. Recently he has also appeared as a buyer.
At last he took Twitter (WKN: A1W6XZ) in their sights. Maybe because he suspects a diamond in the rough behind the dusty social media platform. Or simply because tweeting has become a popular hobby.
The Twitter purchase is not yet complete. But Elon Musk is already turning the corner with a new hobby. This time it could be the stock prices of Kadokawa (WKN: A12A6W) and Namco Bandai (WKN: A0F6LZ) to the top.
Where Elon Musk knocks, prices rise
Everyone is talking about the tech crash. And indeed, the prices of many tech stocks have suffered massively since the beginning of the year.
Twitter stock is holding up relatively well. With a minus of around 7% since the beginning of the year, the share has fallen far less than the market (status for this number and all other numbers: May 24th, 2022). The US index S&P 500 has taken a much bigger hit with a minus of 17%.
Better than many other tech stocks. Better than the market. Just because of Elon Musk?
Elden Ring enchants even billionaires
It wouldn’t be the first time the native South African has turned an existing business inside out. And it wouldn’t be the first time that Elon Musk has shaped a company into a superior performer.
Seen in this way, the comparatively harmonious Twitter course only reflects the expectations of the market. Although the market isn’t expecting too much either. After all, Elon Musk has more than enough to do with the planned colonization of Mars.
But apparently not enough to keep from escaping into the fantasy world of a video game from time to time. The action hit Elden Ring doesn’t seem to have left Elon Musk untouched either. He recently tweeted, “Elden Ring, experienced in its entirety, is the most beautiful art I have ever seen.”
Thank you Elon!
After the Twitter takeover, all alarm bells would of course be ringing for well-informed investors. Elon Musk has a new hobby! And thus possibly a new entry on his shopping list?
Elden Ring was developed by From Software. The developer studio is a subsidiary of the Japanese Kadokawa Corp. Outside of Japan, Namco Bandai distributes the game.
Both companies can look back on very good years. Certainly also because of the pandemic. But in contrast to some flash in the pan, the Japanese gaming experts remain on the road to success. Not least because of Elden Ring, which not only inspired Elon Musk.
The question remains to what extent it makes sense to turn Elon Musk’s hobbies into a trading strategy. The short answer is: yes, yes!
Because from my point of view, the multi-billionaire has an excellent knack for high-quality products. Behind these products are companies that he can take over as he pleases. I’m only interested in whether I too can participate in these companies. Luckily in the case of Elden Ring, I can. Thank you Elon!
The item Elon Musk: These stocks could be on the shopping list after Twitter appeared first on The Motley Fool Deutschland.
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Stefan Naerger does not own any of the shares mentioned. The Motley Fool owns shares of and recommends Twitter.
Motley Fool Deutschland 2022
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