*By Michael Teich* Logitech may eye a Turtle Beach acquisition as it turns away from a Plantronics deal. "Logitech has a great history as far as making very smart M&A transactions," said Tom Forte, a senior research analyst at D.A. Davidson. "I do see a potential longer term for Turtle Beach to be acquired. Logitech is one potential suitor ー Microsoft's ($MSFT) another," he added. Logitech ($LOGI) was in talks to acquire headphone-maker Plantronics ($PLT) for a reported $2.2 billion, but the companies eventually terminated those discussions. Forte, praising Logitech's M&A history, said the failed deal was likely the result of an unattractive valuation. "They clearly maybe stepped away because the price wasn't right, or something of that nature." The holiday shopping season is a lucrative time for retailers, but some are better-positioned than others to emerge as victors. Despite Turtle Beach's latest 630 percent surge in its stock price, Forte is certain its claim to fame, "Fortnite," is not just a fad that will suffer the same fate as "Pokemon Go." That's why Turtle Beach ($HEAR) is his top stock pick heading into the holidays. But the threat from big tech in the gaming business still looms. "If you want to talk about gaming and cloud you have to talk about Amazon ($AMZN). They talk about cloud in crowd with the popularity of games and their ability to host those games on their cloud computing effort," Forte said. For full interview [click here](https://cheddar.com/videos/top-stocks-to-benefit-from-holiday-sales-surge).

Share:
More In Business
Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Load More