Take-Two, Micron had a terrible 2022, could be time to buy, Barron’s says

Take-Two (TTWO) stock was down 43% in 2022, making it the group’s worst performer, Jack Hough writes in this week’s edition of Barron’s. Now, the company is betting big on game demand in the coming years. Micron (MU) was also down 46% in 2022, as the semiconductor industry has swung from fierce demand and short supply to bloated supply and iffy demand, the author writes. But inventory digestion for memory could be relatively quick, too. On the streaming side, subscriber growth has fizzled, and companies have been spending lavishly on content, with investors turning nervous and Warner Bros. Discovery’s (WBD) stock dropping 60% in 2022, Hough notes. However, surveys show that subscribers are shifting to cheaper ad-supported plans where they’re offered. That could set up nicely for Warner. Reference Link