I remain upbeat about the shares of a video game giant Activision Blizzard. Despite a weak fourth quarter 2015 earnings report, the company’s strong pipeline of new games should keep investors interested in the stock, in my opinion. Activision plans to release expansion pack for Destiny in 2016 while bringing the full game sequel in 2017. It will be launching its first new franchise, Overwatch, in the upcoming months. Moreover, after releasing Warcraft movie in June, it will launch the much awaited expansion, Legion, in the summer of 2016. Besides, a new Call of Duty game is slated for release in the fourth quarter of fiscal 2016. Earlier this year Activision completed the acquisition of King Digital Entertainment for $5.9 bn. The deal allowed the company to significantly increase its presence in the lucrative mobile gaming arena. As more and more people opt to play games on their smartphones and tablets, video game companies are seeing this as a lucrative opportunity to boost revenues. Newzoo valued the mobile gaming market at over $30 bn in 2015, up nearly 22% y-o-y. According to Activision, mobile gaming industry is expected to register cumulative growth of 50% from 2015 to 2019. Apart from foraying into mobile gaming, the company is eyeing Hollywood as well as e-sports, another lucrative growth opportunity. It recently acquired Major Gaming League for $46 mn to boost its newly established e-sports division. As far as the studio is concerned, apart from the June release of Warcraft movie, it also has the TV series Skylanders Academy lined up for debut in 2016 based on its franchise Skylanders. Activision plans to release its first quarter 2016 financials on May 5, and I believe that this time the company will be able to positively surprise investors. Shares of Activision are testing the $35 resistance level. The stock, I believe, is well positioned to continue growth, with medium-term target at $40. $ATVI, Activision Blizzard, Inc / 1440