New Leadership At GameStop, New Improvements, New Reasons To Buy? - GameStop (NYSE:GME)

Logo BenzingaBenzinga
2023-06-09 21:21:40  • 8 mins

During the stock market craze of 2020-2022 kickstarted by the FED's response to the COVID-19 stock market sell-off and economic slowdown, many companies which were able to sell a corporate strategy and upside potential saw investor funds pile into the door despite what the underlying financials looked like.

This wave has pivoted in the opposite direction now that inflation has gone rampant during 2022-2023, where the FED has decided to raise interest rates to combat these environments.

As a result of these new pivots, the same set of stocks has seen a dire outcome, with most investors pulling out of these names to hunt for more reliable and stable cash-flowing businesses. However, there is one 'meme' stock that did not suffer similar downturns that others in the Reddit space did.GameStop GME, once a favorite among retail investors, has declined by as much as 87% from its all-time high price of $120.75 per share in January 2021.

The stock has held a tight channel for all of 2023, and its first-quarter earnings results may bring about some change.

Continue read on contributor Parkev Tatevosian evaluates the latest news from Disney (NYSE: DIS) that it will be increasing investment in its theme park segment....
Logo NasdaqNasdaq
2023-09-24 08:45:00  • 1 min
General Electric (NYSE: GE) stock is up 125% over the last year and more than 78% in 2023 alone. It's a remarkable performance, all the more so because it...
Logo NasdaqNasdaq
2023-09-24 09:36:00  • 2 mins
The multi-month rally in stocks that recently pushed the S&P 500 index to 14-month highs might have come to an end, but the bull market is still intact....
Logo NasdaqNasdaq
2023-09-24 11:53:23  • 2 mins
One strategy for finding wealth-building investments is to search for companies that are growing their revenue at high rates. That might seem overly...
Logo NasdaqNasdaq
2023-09-24 12:30:00  • 1 min
It's hard to fathom, but we are already approaching 2023's final months. It's been a far better year for the stock market than 2022, but many growth stocks...
Logo NasdaqNasdaq
2023-09-24 13:15:00  • 1 min
This has been a strong year for large-cap technology stocks, with the Nasdaq-100 index surging by 40% so far. While it's still down 8% from its all-time high...
Logo NasdaqNasdaq
2023-09-24 11:10:00  • 1 min
Wall Street analysts don't always get it right, but paying attention to which stocks they are bullish on can point investors toward great stocks that are...
Logo NasdaqNasdaq
2023-09-24 09:10:00  • 1 min
For years, Dollar General (NYSE: DG) has dominated rural retail in the U.S. With discount stores spread around thousands of small towns, the company has...
Logo NasdaqNasdaq
2023-09-24 12:20:00  • 1 min
The implosion of JPEX is likely to make the public more cautious about investing in cryptocurrencies, but sentiment may improve in the long run, experts say.
Logo South China Morning PostSouth China Morning Post
2023-09-24 23:00:27  • 1 min
Things change rapidly in the software industry. Competing in this space means you have to constantly innovate to stay ahead of peers. Your profit margins are...
Logo NasdaqNasdaq
2023-09-24 10:39:00  • 1 min
The technology sector has gained a reputation for offering investors significant gains over the long term. The sector is constantly evolving, thriving from a...
Logo NasdaqNasdaq
2023-09-24 13:05:00  • 1 min contributor Parkev Tatevosian highlights one longtime holding in Warren Buffett's Berkshire Hathaway portfolio that could make an excellent addition...
Logo NasdaqNasdaq
2023-09-24 08:00:00  • 1 min
Master investor Warren Buffett may not strike you as an expert in artificial intelligence (AI). However, his portfolio includes several early leaders in the...
Logo NasdaqNasdaq
2023-09-24 11:21:00  • 1 min
So far in 2023, the S&P 500 and Nasdaq Composite indexes have posted stellar total returns of 16% and 30%, respectively. However, much of these returns...
Logo NasdaqNasdaq
2023-09-24 09:47:00  • 2 mins
The FOMC did not disappoint last week throwing the market into a nosedive as Powell came out to say that he thought there was one more rate hike in store for...
Logo NasdaqNasdaq
2023-09-24 19:00:12  • 2 mins
If you have at least five years to invest and know what to look for, you have a good chance of doubling your money in the stock market. The trick is to...
Logo NasdaqNasdaq
2023-09-24 10:20:00  • 1 min
The Federal Reserve has an uncanny ability to move the stock market, and the central bank demonstrated that once again after its rate decision on Wednesday....
Logo NasdaqNasdaq
2023-09-24 09:32:00  • 1 min
In my role as the global group chair of the Tom Oliver Group, where the vast majority of our clients are family business conglomerates, I see every day how...
2023-09-24 18:02:00  • 2 mins
Over the past five years, shares of Apple (NASDAQ: AAPL) have soared 218%, which translates to an annualized gain of 26%. That rise undoubtedly beats the...
Logo NasdaqNasdaq
2023-09-24 10:40:00  • 1 min
Demand in the electric vehicles (EV) market has been resilient so far this year despite macroeconomic headwinds. However, the margins of EV makers are under...
Logo NasdaqNasdaq
2023-09-24 17:29:30  • 1 min