Sell Nothing. Retire Early. Mission Complete.

What if you could retire in 3 years instead of 10-15? While everyone is trying to trade the market and gamble on poop coins and meme coins, some people are using a little known method to actually earn passive returns. We probably have 3 years to exploit this before the party is over. That's plenty of time to retire early in crypto.

GameStop Shares Are Trading Higher: This Week In Review

Vaishali Prayag
August 30, 2024

GameStop Corporation (NYSE:GME) shares closed up 8.88% at $23.42 on Friday. Here’s a recap of the key events and developments from this week that contributed to the stock’s movement:

Upcoming Q2 Earnings Report:

  • GameStop is scheduled to release its second-quarter earnings report on September 10 2024, after the market closes.
  • Analysts expect an EPS loss of 9 cents and revenue of $895.67 million for the quarter.

Credit Facility Termination:

  • Earlier this week, GameStop announced the termination of its $250 million credit facility.
  • This decision indicates a strategic shift towards relying more on cash from operations and cash on hand as the primary sources of liquidity.

Retail Strategy Shift:

  • GameStop is making efforts to revitalize its retail presence by converting some stores into retro gaming retailers.
  • This move targets nostalgia-driven gamers interested in older consoles and games, aiming to capitalize on the growing retro gaming market.

Retail Investor Interest:

  • Despite the recent surge in stock price, the level of retail investor interest did not match the intensity of the 2021 meme stock frenzy.
  • SEC data shows that retail participation during the stock’s May rally was roughly half of what it was during the original surge.

Year-to-Date Performance:

  • GameStop’s stock has experienced a 27% increase year-to-date, reflecting a gradual recovery and investor optimism despite the challenges faced by the company.

This combination of upcoming earnings, strategic shifts and evolving retail strategies has driven GameStop's stock performance this week.

See Also:

  • Gold Falls 1%; MongoDB Shares Spike Higher

Photo via Shutterstock.

Continue Reading...

Popular

Elon Musk Changes Tone, Applauds Speaker Johnson: 'It Went From A Bill That Weighed Pounds To One That Weighed Ounces'

Elon Musk praised Speaker Mike Johnson's revised spending package to prevent a government shutdown, calling it a significant improvement, after initially expressing skepticism about the plan.

Senate begins final push to expand Social Security benefits for millions of people

WASHINGTON (AP) — The Senate is pushing toward a vote on to millions of people, setting up potential passage in the final days of the lame-duck Congress.

Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up - Ad

1:59 P.M. on January 31st. Set an alarm for that. Because you need to be prepared for an event that will send a certain group of stocks rocketing upward.

ABC agrees to give $15 million to Donald Trump's presidential library to settle defamation lawsuit

NEW YORK (AP) — ABC News has agreed to pay $15 million toward Donald Trump’s presidential library to settle a lawsuit over anchor George Stephanopoulos' inaccurate on-air assertion that the president-elect had been found civilly liable for raping writer E. Jean Carroll.

Pelosi Hospitalized After Injuring Hip During Luxembourg Trip

Nancy Pelosi has been hospitalized after sustaining an injury during an official trip to Luxembourg.

Trump's Legacy-Defining Moment to Strike - Ad

Elon Musk predicts historic crisis in first year of Trump's presidency. but the surprising way trump solves it could cement his legacy.

What do we know about the mysterious drones reported flying over New Jersey?

A large number of have been reported flying over parts of New Jersey in recent weeks, sparking speculation and concern over who sent them and why.

Larry Summers Warns Of Nixon-Era Risks In Trump's Term: Policies Could Trigger 'Significantly Larger' Inflation

Former U.S. Treasury Secretary Larry Summers cautioned on Wednesday, Dec. 11, 2024, that President-elect Donald Trump's proposed economic policies could trigger more severe inflation than the surge experienced during President Joe Biden's term, highlighting potential risks for investors and markets.

Is Artificial Intelligence the Biggest Bubble in History? - Ad

Is it any surprise 31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading their OWN stocks at record pace? They're getting OUT of AI (and Tech Stocks) before it's too late. But why? And WHERE are they moving their cash for the biggest profits, in 2024?

Senate report alleges Amazon rejected warehouse safety recommendations due to productivity concerns

At least two internal Amazon studies found a link between how quickly perform tasks and workplace injuries, but the company rejected many safety recommendations out of concern the proposed changes might reduce productivity, according to a .

Miami judge approves bail for wealthy Alexander twins in state rape case

WEST PALM BEACH, Fla. (AP) — A judge in Miami granted bail Friday to a prominent real estate broker and his twin brother, who are facing . However, they won't be released from custody while facing a separate federal sex trafficking case with another brother.

Trump's New "AI Economy" Could Mint 22,000 New American Millionaires Every 30 Days - Ad

A tidal wave of new AI wealth is about to flow into the economy. However, the biggest gains may no longer come from the usual hot AI stocks you've been hearing lately. We reveal how you can get the names of all the stocks you should get into now for the biggest investment opportunities of your life.

Warren Buffett Said An Unusual Amount Of People Look At Berkshire Stock As A Savings Account, Here Is What The Oracle Of Omaha Recommends Investing Novices Do

Warren Buffett advises novice investors to focus on understanding investments, avoid debt, prioritize quality over price, save for downturns, and harness the power of patience and compounding for long-term wealth building.

Tech Funds Are Hemorrhaging Cash: Sell This Stock Now - Ad

U.S. technology funds are HEMORRHAGING cash. It's the biggest selloff since the 2022 bear market. A 50-year Wall Street veteran just explained everything you need to know. For now, he's pounding the table on the No. 1 tech stock to BUY before 2024 comes to an end... And the No. 1 tech stock Wall Street says to sell NOW.

Drone sightings lead to airspace shutdown at Ohio military base, arrests near Boston airport

BOSTON (AP) — More suspected in the eastern U.S. led to a temporary airspace shutdown at an Air Force base in Ohio and arrests near Boston's Logan International Airport, as elected officials to identify and stop the mysterious unmanned flights.

Buffett, Bloomberg, & 48 Congress Members Are Buying 1 Sector - Ad

Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, "The Walmart Family", Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market... The last time we saw the world's wealthiest investors move their cash into this corner of the market, Stocks exploded 2,020%, 5,609% Even as high as 8,437% in just ONE year. Now, it's all happening again.

What's Going On With Viking Therapeutics Stock On Wednesday?

Merck partners with Hansoh Pharma for GLP-1 drug development, while analysts highlight Viking's obesity assets as key for future growth.

Bipartisan Lawmakers Aim To Break Up Health Care Giants With New Legislation

Pharmacy-benefit managers (PBMs) have been scrutinized for their role in drug distribution for years. Now a bipartisan group of lawmakers is threatening to break up the companies behind these so-called drug middlemen.

The Secret to Trading Success? It's Simpler Than You Think - Ad

Forget fancy software. Top traders rely on free alerts that tell them when to jump on the next big trade. Straight to your phone. No guessing, no stress.

Canada imposes economic sanctions on 5 Venezuelan officials, including the high court president

CARACAS, Venezuela (AP) — Canada imposed economic sanctions on Tuesday on , including the head of the country’s high court, accusing them of engaging in electoral fraud during the .

What's Going On With KULR Technology Stock Wednesday?

KULR shares are trading higher on Wednesday after the company announced it regained NYSE stockholder's equity required compliance status.

Exposed: 3 Cent Crypto to Explode January 20th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on January 20th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Ripple CEO Brad Garlinghouse Admits $204M Crypto Super PAC Wouldn't Exist If Gary Gensler Wasn't The SEC Chair

Ripple CEO Brad Garlinghouse said on Sunday that the establishment of Fairshake, a cryptocurrency-focused super political action committee, was a direct response to the SEC’s approach toward the industry under Gary Gensler.

IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power

WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation's tax collector received a massive glut of funding through in 2022.

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

Bernie Sanders Accuses Amazon Of 'Uniquely Dangerous' Warehouse Conditions, E-Commerce Giant Says Senator's Premise Is 'Fundamentally Flawed'

Amazon.com Inc. faces renewed scrutiny over its warehouse safety practices following a Senate investigation that claims the e-commerce giant manipulated injury data and prioritized speed over worker safety, allegations the company strongly disputes.

Trudeau's Government Loses A Top Negotiator Ahead Of Trump's Second Term

Chrystia Freeland, Canadian Finance Minister and Deputy PM, resigns over disagreements with Justin Trudeau on anticipated U.S. tariffs. USD/CAD rose 0.11%.

Wall St Legend: Buy This Stock Before Inauguration - Ad

This is the best election year for stocks since 1936. But according to one 50-year insider, not everything is as rosy as it seems on Wall Street...

New Meme Coin From Shiba Inu Ecosystem Up For Grabs: Here's How Much SHIB, LEASH, BONE Holders Can Expect

The Shiba Inu (CRYPTO: SHIB) ecosystem announced an exclusive airdrop of its newly launched meme coin Shifu (SHIFU) on Monday to reward its loyal community members.

Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.

Is a Starlink IPO Coming in 2024? - Ad

Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.

Days after gunman killed UnitedHealthcare's CEO, police push to ID him and FBI offers reward

NEW YORK (AP) — The gunman who the CEO of the largest U.S. health insurer likely left New York City on a bus soon after the brazen ambush that has shaken corporate America, police officials said. But he left something behind: a backpack that was discovered in Central Park.

Trump on Assad's Fall: Putin 'Was Not Interested In Protecting Him Any Longer'

President-elect Trump weighed in on the fall of Bashar Assad after a rebel group seized control of Damascus, ending five decades of Assad family rule.

Wall St. Icon: "If You Wait On This, It Will Already Be Too Late" - Ad

If you have a significant amount of money in the stock market right now -- or if you're sitting on the sidelines waiting to make a move -- you DO NOT want to miss my latest research. My goal is to get as many people as I can in front of what's coming. If you wait until your hand is forced, it will already be too late. You absolutely MUST get on the right side of this thing.

A Southwest jet and a small plane wound up on the same runway after being cleared to land

WASHINGTON (AP) — A Southwest Airlines jet wound up on the same runway with a small private plane that had stopped after an air traffic controller cleared both planes to land on the same California runway in October, according to federal investigators.

FedEx Braces For Q2 Earnings: 'One Of The Most Consequential Quarters In Years,' Analyst Says

FedEx is set to report its fiscal second-quarter results on Thursday after the closing bell and analysts are expecting a decline in earnings. 

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

SolarEdge Poised For Growth Amid Cost Cuts, While Canadian Solar Faces US Policy Headwinds: Goldman Sachs

Goldman Sachs analyst Brian Lee revised ratings for residential solar stock, upgrading SolarEdge and downgrading Canadian Solar due to policy risks.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service