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Ryan Cohen Acquires Stake in GameStop to Take On Amazon
GameStop Misses Q1 Earnings Expectations, Stock Falls
GameStop (NYSE:GME) stock fell close to 6% in extended trading on Tuesday. The company posted its earnings for the first quarter of fiscal 2020.
Why Is GameStop Stock Rising Today?
GameStop stock rose close to 14% in extended trading on March 26. The company reported its fourth-quarter earnings after the market closed.
Why GameStop Stock Is Sinking after Earnings Release
GameStop stock fell more than 14% after hours yesterday. The video game retailer announced its third-quarter results after markets closed.
Get Real: Third-Quarter Roller Coaster
In today’s Get Real, we saw that several third-quarter results are out and all over the board. We also have recommendations for stocks to watch going forward.
Why Lyft and GameStop Stocks Are Soaring Today
Lyft stock (LYFT) has gained over 8% today while GameStop stock has surged by 7%. So what’s been driving these stocks higher?
Why Is GameStop Stock Sinking Today?
Shares of GameStop (GME) have slipped close to 9% in early market trading today. The stock is trading at $4.6 per share, 68% below its 52-week high.
Five Tech Stocks that Are Risky for Investors
Let’s look at five tech stocks that are trading at 52-week lows (some are at all-time lows) and are still way too risky for investors.
GME Rose Early Today Due to Restructuring and Layoffs
GameStop (GME) shares rose 8% in early market trading today. The company laid off about 120 employees as part of its restructuring process.
Why GameStop Stock Rose Over 8.0% on June 10
Shares of video game retailer GameStop (GME) rose 8.4% on June 10, 2019, to close trading at $5.44 per share.
How Gaming Stocks Fared as Markets Wrapped the Worst Week of 2019
Last week, Activision Blizzard (ATVI) fell 2.4%, while GameStop (GME) saw downward price action of 5.4%.
Activision Blizzard: Analysts’ Recommendations in April
For Activision Blizzard, eight analysts recommended a “strong buy,” 14 analysts recommended a “buy,” 11 analysts recommended a “hold.”
GameStop: Analysts Lowered the Target Price
GameStop carries a mean consensus target price of $10.09, which represents a potential upside of only 1.5% over its closing prices on April 8.
Sony Stock Spikes: Has Daniel Loeb’s Third Point Bought a Stake?
Today, Reuters reported—citing unnamed sources—that Daniel Loeb’s Third Point is buying a stake in Sony Corporation (SNE) to push for changes.
Except Electronic Arts, Gaming Stocks Had a Dismal Q1
In the first quarter, Activision Blizzard and Take-Two Interactive Software saw downward price action of 1.5% and 8.3%, respectively.
How Best Buy’s Valuation Compares with Peers’
As of March 22, Best Buy’s (BBY) 12-month forward PE ratio was 12.3x, while specialty retail peers GameStop (GME) and Aaron’s (AAN) had PE ratios of 5.2x and 12.9x, respectively.
Why Best Buy Stock Was Upgraded by Oppenheimer
On March 22, Oppenheimer upgraded Best Buy (BBY) stock to “outperform” from “perform” and set its price target at $86.
Wall Street Weighs In on Gaming Stocks in March
Gaming stocks are having a mixed year so far. Electronic Arts has gained 25.5% YTD (year-to-date), but its peers haven’t fared so well.
Electronic Arts Surges as Apex Legends Continues Its Strong Run
Electronic Arts stock has seen significant buying interest on optimism over Apex Legends, its first free-to-play battle royale game.
Why Wall Street Fell in Love with Electronic Arts Stock
Electronic Arts (EA) gained 6.8% today as of 10:45 AM EST.
Gaming Industry Struggles Continue with EA’s Top-Line Miss
Electronic Arts missed top-line estimates but posted better-than-expected earnings in the third quarter.
Report of a Secret Apple Plan Makes GameStop Bleed by 21%
GameStop (GME) stock has fallen steeply today. At 8:54 AM Eastern Time, the video game and consumer electronics retailer’s stock was trading at $12.25, ~21% lower than yesterday.
Is GameStop Readying Itself for a Buyout?
At 10:07 AM EST, GameStop stock was trading at $14.46, up 11.5% from its previous day’s closing price.
Why Best Buy Stock Fell 5.7% Yesterday
Best Buy (BBY) stock fell 5.7% on December 17 in reaction to a downgrade by Bank of America Merrill Lynch to “underperform” from “neutral.”
Why Best Buy Stock Rose 2% When Major Retailers Tanked Yesterday
Best Buy (BBY) stock rose 2.1% on November 20 in reaction to the company’s better-than-expected results for the third quarter of fiscal 2019.
Assessing the Impact of BBY’s Earnings Results on Its Valuation
Best Buy’s 12-month forward PE ratio fell 7.9% to 14.8x on August 28, the day the company announced its results for the fiscal second quarter of 2019.
Best Buy Stock: More Momentum with Q2 2019 Results?
Best Buy (BBY) stock has risen 18.9% since the beginning of 2018. The stock has beaten the S&P 500, which has risen 7.1% as of August 21.
Is Best Buy Stock Poised to Grow More in 2018?
Best Buy (BBY) stock has risen 10% YTD as of July 25. As of the same date, Best Buy stock has fallen 0.8% since its fiscal first-quarter results.
Why Best Buy Stock Fell after Strong Fiscal Q1 2019 Earnings
Best Buy stock fell 6.6% on May 24, the day the company announced its results for the first quarter of fiscal 2019, which ended on May 5.
What Could Drive Best Buy’s First-Quarter Earnings?
Best Buy (BBY) exceeded analysts’ earnings expectations in seven of the past eight quarters and was in line with estimates in one quarter.
What’s Best Buy’s Valuation?
Consumer electronics retailer Best Buy (BBY) was trading at a forward PE (price-to-earnings) ratio of 15.0x as of April 18.
What Analysts Expect from Best Buy’s Revenue Growth
After declining for three consecutive fiscal years, Best Buy’s (BBY) revenue grew in fiscal 2018.
Best Buy Stock Rises on News of Collaboration with Amazon
Best Buy has delivered total returns of 10.8% on a YTD (year-to-date) basis as of April 18, 2018.
Why Best Buy’s Fiscal 3Q18 Results Disappointed Investors
Consumer electronics retailer Best Buy (BBY) disappointed investors with lower-than-expected revenue in fiscal 3Q18 and its fiscal 4Q18 guidance.
A Look at Gaming Companies’ Digital Revenues
While Zynga (ZNGA) is primarily an Internet gaming company and 100% of its revenue is digital, it has seen a YoY growth in mobile gaming.
Who in the Gaming Sector Might Lead in Revenue Growth?
Analysts expect Zynga’s (ZNGA) revenue to rise 11.8% YoY in fiscal 2017 to $843.2 million and 8.7% YoY in fiscal 2018 to $916.7 million.
Market Caps and Enterprise Values of the Top 5 Gaming Stocks
Activision Blizzard (ATVI) is the largest gaming company in the world, with a market cap of approximately $48.4 billion and an enterprise value of $49.5 billion.
What Really Drove Best Buy’s Revenue in Fiscal 1Q18?
Best Buy (BBY) generated revenue of $8.5 billion in fiscal 1Q18 (ended April 29, 2017), beating the consensus analysts’ revenue estimate of $8.3 billion.
How Best Buy’s Fiscal 4Q17 Earnings Beat Analysts’ Expectations
Best Buy’s adjusted EPS rose 27.5% on a year-over-year basis in fiscal 4Q17.
Can Best Buy Maintain Its Revenue Growth after 3Q17?
Best Buy reported revenue growth of 1.4% in fiscal 3Q17. It’s an improvement compared to revenue growth of 0.1% in fiscal 2Q17 and -1.3% in fiscal 1Q17.
What Drove Best Buy’s Strong Earnings Growth in Fiscal 2Q17?
Following its fiscal 2Q17 results, Best Buy (BBY) kept its fiscal 2017 revenue outlook intact but raised its adjusted operating income guidance. The company expects its fiscal 2017 revenue to remain flat.
Where Does Best Buy’s Valuation Stand Compared to Its Peers?
Best Buy (BBY) was trading at a 12-month forward price-to-earnings ratio of 10.4x on July 5, 2016.
Can Best Buy’s Margins Improve amid Challenging Conditions?
Despite lower sales, Best Buy’s gross margin improved from 23.7% in fiscal 1Q16 to 25.4% in fiscal 1Q17.
Assessing Best Buy’s Shareholder Returns in 2016
On July 5, 2016, leading consumer electronics retailer Best Buy (BBY) delivered a 3% return on a year-to-date basis. In this series, we’ll discuss Best Buy’s initiatives to improve its sales and profitability.
How Does Best Buy Stack Up against Other Specialty Retailers?
As of May 26, Best Buy was trading at a 12-month forward PE (price-to-earnings) ratio of 10.9x.
Best Buy Wants to Improve Sales: What’s It Got up Its Sleeve?
Best Buy plans to improve its sales through a series of initiatives across merchandising, marketing, online channels, stores, supply chain, services, and customer care.
Best Buy Stock Down on Weak Outlook, CFO Departure
The market reacted negatively to the company’s weak guidance for 2Q17 and the news of Best Buy’s chief financial officer’s departure.
Best Buy’s Valuation: How Does It Compare to Peers?
As of April 25, Best Buy (BBY) was trading at a 12-month forward PE (price-to-earnings) ratio of 11.3x.
Gauging the Upward Movement in Best Buy’s Stock in 2016
Best Buy’s (BBY) stock has appreciated 5.9% since the start of 2016 to $32.47 as of April 25. What can you expect moving forward?
Assessing Best Buy’s Focus on Cost Reduction to Enhance Margins
Best Buy (BBY) is focusing on reducing costs and driving efficiencies throughout its business. Best Buy’s focus on cost reduction is important in driving its profitability.
Best Buy: Why Lower Phone and Tablet Sales Hurt Fiscal 4Q16 Revenue
Best Buy’s (BBY) revenue in 4Q16, which ended January 30, 2016, fell 4.1% to $13.6 billion.
Can Best Buy’s Renew Blue Strategy Help Its Fiscal 4Q16 Margins?
Under the ongoing phase two of Renew Blue’s cost reduction and gross profit optimization program, Best Buy aims to generate $400 million of savings over the course of three years.
Can Best Buy Stock Pick Up Steam in 2016?
In 2015, Best Buy’s (BBY) stock price fell 21.5%. The company also underperformed the broader market.
Are Digital Downloads Hurting GameStop?
Shares of GameStop (GME) have fallen by 21.8% from $34.46 to $26.94 in the trailing-12-month (TTM) period, as of January 13, 2016.
Best Buy’s Cost Reduction Efforts: Can It Expand 3Q16 Margins?
Best Buy’s cost reduction and gross profit optimization program aims to reduce $400 million in costs over three years as of the end of fiscal 3Q16.
Best Buy Takes Initiatives to Improve Its Same-Store Sales
Best Buy (BBY) reported same-store sales growth of 3.8% in the second quarter, which ended August 1, 2016.
Best Buy’s Margins Reflect Marked Improvement in 2Q16
Best Buy (BBY) reported a gross margin of 24.6% in the second quarter of fiscal 2016, up from 23.4% in the comparable quarter of the previous year.
What Drove Best Buy’s 2Q16 Revenue ahead of Estimates?
Best Buy (BBY) posted revenue of $8.5 billion in the second quarter of fiscal 2016. The second quarter ended on August 1, 2015.
Avon Leads SPY, Gains 7.72% on August 28
The stocks at the bottom of the SPDR S&P 500 ETF (SPY) on August 28 were GameStop, Autodesk, and Mylan NV. These companies yielded -8.03%, -4.96%, and -2.18%, respectively.
Can Apple Stock Maintain Momentum after Fiscal 2Q15 Earnings?
Which way Apple stock moves will now depend on how Apple’s new products, Apple Pay and Watch, fare in the market.
Best Buy’s Fiscal 2015 Revenue – Boosted by TVs and Mobile Phones
In fiscal 2015—ending January 31, 2015—Best Buy (BBY) derived ~47% of its US revenue from computing devices and mobile phones.
Gauging Best Buy’s stock performance
Best Buy’s stock price is down 3.55% compared to the beginning of 2010. In contrast, Amazon’s stock is up 120.7% compared to 2010.
Assessing Best Buy’s debt profile
Gauging a company’s debt levels is crucial to understanding its financial health. Maintaining high debt levels in uncertain times can be damaging.
Best Buy reconsiders its international operations
Best Buy’s international operations accounted for 16% of its fiscal 2014 revenues, down from 17% in fiscal 2013.
Understanding Best Buy’s revenue mix
The computing and mobile phone category is the largest of Best Buy’s revenue mix, accounting for 48% of the Domestic segment’s fiscal 2014 revenues.
Best Buy attempts to optimize inventory levels
At Best Buy, returns, replacements, and damages account for nearly 10% of revenues and have cost the company over $400 million in losses each year.
Best Buy’s third-quarter earnings indicate a recovery
Best Buy’s domestic online same-store sales surged by 21.6%, driven by its shop-from-store strategy, enhanced website, and marketing efforts.
Why GameStop’s video games segment looks optimistic
The video game market is somewhat asynchronous or acyclical with the macroeconomic business cycle in that the timing of new consoles tends to dominate any broader retail trend.