Gamestop posts
FeedPosted Oct 1st 2009 1:00PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Electronic Arts (ERTS), Activision Inc (ATVI), Stocks to Buy
"The video game industry was once thought to be virtually recession proof; unfortunately, recession reality has intruded," notes Geoffrey Seiler, who adds, "Boosters, however, are pointing to new games scheduled for release later this year as a reason for optimism."
In his always-informative BullMarket.com, the advisors offers an in-depth review of the sector, highlights potential opportunities in GameStop (NYSE: GME), Electronic Arts (NASDAQ: ERTS), and Activision Blizzard (NASDAQ: ATVI).
"When you get right down to it, success in the video game business isn't much different from the movie business: developers are only as good as their last hit game.
Continue reading Video value? New titles boost gaming sector
Posted Sep 29th 2009 8:30AM by Steven Mallas (RSS feed)
Filed under: Microsoft (MSFT), Sony Corp ADR (SNE), Activision Inc (ATVI), Nintendo (NTDOY)
September is drawing to a close. What does this signify? Well, one of my favorite times of the year, Halloween, will soon be upon us. Even more than that, holiday shopping is about to begin in earnest. Is your portfolio ready?
I've been checking around for investments in the retail sector. Problem is, so many of them have already had significant run-ups. However, even with these higher stock prices, the sector still might be an interesting one to look at since it's possible that Christmas could turn out okay. A post on DailyFinance discusses a report from the International Council of Shopping Centers, which basically states that numbers from this holiday season should see an improvement over last year's data.
Continue reading GameStop: Trade idea?
Posted Sep 25th 2009 8:30AM by Steven Mallas (RSS feed)
Filed under: Microsoft (MSFT), Sony Corp ADR (SNE), Activision Inc (ATVI), Technology, Nintendo (NTDOY)
It's finally happened. Nintendo (OTC: NTDOY) has reduced the price of its Wii gaming console. What once was $250 is now $200 (or, technically, $199.99, the psychologically important way of designating the new cost).
Why did Nintendo do this? Because both Microsoft (NASDAQ: MSFT) and Sony (NYSE: SNE) have cut the costs of their own entertainment systems. Plus, we're simply at that point in the latest video-game cycle when cuts are implemented. Hardware eventually becomes less expensive. When demand levels fall off, more casual, value-oriented consumers are courted with cheaper prices.
Continue reading Will the new cost of the Wii benefit Nintendo investors?
Posted Sep 15th 2009 1:40PM by Brian White (RSS feed)
Filed under: Deals, Rumors, Best Buy (BBY)
Perhaps Best Buy Inc. (NYSE: BBY) is looking to make video games a centerpiece of its product offerings. Video game rival Gamestop Corp. (NYSE: GME) could be a potential takeover target for the largest consumer electronics retailer in the U.S. Best Buy recently stated that game sales is a focus area, so there is more truth to this rumor than not.
After all, retailers will use every trick in the book to get feet inside the doors. So many products in retail are loss leaders, but they get traffic inside, and statistically that translates into sales for a certain portion of customers. By buying Gamestop, Best Buy would become one of the premium video game retailers in the U.S., causing even more foot traffic to creep inside its brick-and-mortar locations. This has been a rumor in the past, but it makes sense now more than ever.
Continue reading Best Buy looking to purchase Gamestop?
Posted Aug 22nd 2009 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Hewlett-Packard (HPQ), Home Depot (HD), Target Corp. (TGT), Penney (J.C.) (JCP), Agilent Technologies (A), Sears Holdings (SHLD), Lowe's Cos (LOW), Limited Brands (LTD), Deere and Co (DE), salesforce.com inc (CRM), Trina Solar ADS (TSL)
Continue reading Earnings highlights: B&N, Deere, Heinz, Home Depot, HP, Sears, Target ...
Posted Aug 20th 2009 1:15PM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Bad news, Options, Technical Analysis
GameStop (NYSE:
GME -
option chain) stock is trading lower today after
the company announced it earned 0.23 per share in the second quarter, a nickel below expected results. Also, GME lowered its full-year forecast, blaming an industry-wide slowdown. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GME.
This morning, GME opened at $23.24. So far today the stock has hit a low of $23.01 and a high of $24.10. As of 11:50, GME is trading at $23.88, down $1.30 (-5.2%). The chart for GME looks bullish and
S&P gives GME a positive 5 STARS (out of 5) strong buy ranking.
Continue reading GameStop (GME) posts disappointing Q2 earnings
Posted Jun 15th 2009 3:40PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Forecasts, Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY), Sears Holdings (SHLD)
Best Buy (NYSE:
BBY), the electronics mecca that competes with retailers such as
Wal-Mart (NYSE:
WMT),
Target (NYSE:
TGT),
Sears (NASDAQ:
SHLD), and
GameStop (NYSE:
GME), will be issuing earnings for the first fiscal quarter on Tuesday, June 16. According to this
source, Best Buy will see a decline in net income. Analysts believe that the retailer will do $0.34 per share, which represents a drop of about 20%.
But, according to that same source, Best Buy has beaten the analysts at their game in the last two quarters. If you ask me, I think the company has a good chance of beating the forecast yet again. With all the euphoria in the equities market as of late, and with all the talk about the recession possibly coming to an end late this year, I feel that consumers must have been in a better mood in the most recent quarter. And one would assume a big name like Best Buy would get its share of the traffic.
Continue reading Will Best Buy best the analysts?
Posted May 23rd 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Home Depot (HD), Target Corp. (TGT), Campbell Soup (CPB), Safeway Inc (SWY), Sears Holdings (SHLD), Lowe's Cos (LOW), Deere and Co (DE)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Home Depot, Target, Sears, Campbell, Deere and more
Posted May 21st 2009 12:30PM by Beth Gaston Moon (RSS feed)
Filed under: Major movement, Earnings reports, Bad news
Video-game retailer GameStop Corp. (NYSE: GME) is seeing quite a sell-off in the wake of its first-quarter earnings report. This morning, GME reported net income of $70.4 million, or 42 cents per share, topping year-ago results by a nickel per share and beating analysts' estimates by a penny. Sales were on the upswing as well, gaining 9% to $1.98 billion to match Street expectations (same-store sales dropped 1.5%).
While all seemed fairly well and good for this reporting period, the future isn't quite so bright. Company officials project per-share earnings of 28 to 33 cents, falling considerably shy of the 40 cents expected by analysts. What's more, same-store sales are now projected to drop between 8% and 11%.
Continue reading GameStop shares in fail mode after earnings report
Posted May 20th 2009 4:20PM by Joseph Lazzaro (RSS feed)
Filed under: Short stories, Stocks to Sell
Some contend that shorting stocks is un-American. Hardly. Selling short provides liquidity to the markets, aids in price discovery, and provides an extra check -- some argue the only check -- against ill-conceived business ideas and incompetent executives.
New York Stock Trader Dave Fischer is a short king, and has made most of his money over the past 15 years shorting stocks. His favorite phrase is, "With those fundamentals, that stock can't hang on for long."
Short these shares if you can tolerate high-risk and are an experienced investor that does not remove Buy/Stop Losses.
Continue reading Short City: GameStop, Telefonica
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