JUMP REPORT
GAMESTOP (GME)
EARNINGS RELEASE - JUNE 9 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.27/share REV: 1,070/M
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LAST QTR: EPS: .79/share ACTUAL: 1.27/share (BEAT)
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NEXT QTR: EPS: -1.11/share REV: 931.3/M
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FULL YR: EPS: -.97/Share REV: 5,730/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 64% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 15.41, -20.43, -22.0
EXPECTED JUMP MOVE: 15%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
We recently published Jim Cramer’s Exclusive List: 10 Stocks You Should Keep an Eye On. In this article, we are going to take a look at where GameStop Corp. (NYSE:GME) stands against Jim Cramer’s other stocks to keep an eye on. In a recent episode of Mad Money, Jim Cramer expressed frustration with analysts who […]
Jim Cramer has compared GameStop Corp. (NYSE:GME) to an overvalued special purpose acquisition company. What Happened: Cramer the host of CNBC’s “Mad Money” host criticized GameStop’s business model, suggesting it resembles a SPAC due to its reliance on raising capital despite poor business performance. He emphasized the need for GameStop to present a clear strategy to justify its stock price. Don’t Miss: Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a h
The video game retailer reveals a grim outlook on its recent performance.
Microsoft (MSFT) is cutting about 650 employees from its Xbox gaming unit. It’s the latest in a string of layoffs that have impacted the video game industry. Wedbush Securities Managing Director, Equity Research Michael Pachter points out that in Microsoft’s case, these jobs are redundant, stemming from its acquisition of Activision Blizzard last year. As for the broader industry, he said hiring increased during the pandemic when people were at home playing video games. Now, these companies are “right-sizing,” though Pachter thinks they may be cutting too many jobs. Pachter also points to a broader shift in the industry, away from one where people buy the game once at a high price to one where there are in-game purchases. As a result, game makers don’t need to make as many games to gain revenue and customers are playing existing titles for longer. Watch the video above to hear what Pachter thinks of Sony’s (SONY) new PlayStation 5 Pro and why Take-Two Interactive (TTWO) “has a lot of momentum.” For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.
A Reddit account run by followers of meme stock guru (and Chewy investor) Keith Gill seem to be bullish on Petco.
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