5 Best Stocks That Will Gain From Biden’s Job and Infrastructure Plan

2. Activision Blizzard, Inc. (NASDAQ: ATVI)

Activision Blizzard, Inc. (NASDAQ: ATVI) is a California-based video game holding company. It is one of the largest game companies in North America and Europe in terms of market capitalization and revenue. US President has pushed for increased access to high-speed broadband across the country, and the firm stands to gain as more people will use the entertainment services it offers in a growing digital economy. The COVID-19 pandemic pushed the stock of the firm higher owing to increased video-game demand. 

The company has a market cap of more than $75 billion and posted more than $8 billion in revenue in December 2020. Berenberg, a multinational investment bank, earlier this year reiterated a Buy rating on Activision stock despite the reopening of the economy because of the frequency of high quality new content the video game company was releasing. The price target was set at $105 in a 14% upside in outlook. The shares of the company feature 2nd on our list of top 10 best stocks that will gain from Biden’s job and infrastructure plan. 

Ken Griffin’s Citadel Investment Group currently holds 4.97 million shares of Activision Blizzard that amounts $461 million. ATVI occupies 0.12% of Citadel’s total portfolio.