Core Insights - Retail investors are trading stocks at levels not seen since the meme stock mania of early 2021, with their share in U.S. stock trading reaching 25%, more than double pre-pandemic levels [2][3] Group 1: Retail Investor Behavior - The "buy the dip" mentality among retail investors is at an all-time high, driven by confidence from past successes in the bull market [4] - Retail investors have been actively purchasing stocks since before the U.S. presidential election, influenced by expectations of a favorable regulatory environment under President Trump [3][4] - Retail favorites such as Palantir, AMC Entertainment, and BlackBerry have seen significant stock price increases, with Palantir up more than 50.5%, AMC up more than 13.5%, and BlackBerry up about 34% [10] Group 2: Market Dynamics - The S&P 500 has shown resilience, recovering from declines caused by external factors, such as concerns over an AI bubble and tariff announcements [5] - Retail investors have played a significant role in supporting the broader U.S. equity market, particularly in the latter half of 2024 [7] - There are signs of market froth, with a notable disparity between expensive stocks and those with reasonable valuations, indicating potential challenges ahead for retail investors [9]

Core Viewpoint - GameStop Corp. intends to sell its operations in France and Canada as part of its evaluation of international assets [1] Group 1: Company Actions - The company is actively pursuing a sale of its operations in France and Canada [1] - Inquiries regarding the sale can be directed to the company's M&A contact [1] Group 2: Forward-Looking Statements - The announcement includes forward-looking statements based on management's current beliefs and expectations [2] - These statements are subject to risks and are based on the company's periodic filings with the SEC [2]

Core Viewpoint - GameStop is considering investments in bitcoin and other cryptocurrencies as part of its strategy to explore alternative asset classes, which has led to a significant increase in its stock price [1][2]. Group 1: Investment Considerations - GameStop is in the process of evaluating whether investing in cryptocurrencies aligns with its business model, with no final decision made yet [2]. - The company previously launched crypto wallets in 2022 but discontinued the service in 2023 due to regulatory uncertainties [3]. - Under the leadership of CEO Ryan Cohen, GameStop has focused on cost-cutting and operational efficiency, accumulating a cash reserve of $4.6 billion for potential investments [4]. Group 2: Market Context - Other companies, like MicroStrategy, have successfully integrated bitcoin into their balance sheets, transforming their business models and stock performance [5]. - GameStop's board approved a new investment policy in December 2023, allowing specific members to manage the company's investment portfolio, with strict guidelines for any investments [6].

Core Viewpoint - GameStop (GME) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for GameStop suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Recent Performance and Projections - GameStop is projected to earn $0.08 per share for the fiscal year ending January 2025, representing a year-over-year increase of 33.3% [8]. - Over the past three months, the Zacks Consensus Estimate for GameStop has surged by 200% [8]. Zacks Rating System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating [9][10]. - GameStop's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Group 1 - Cryptocurrencies themed on GameStop Corp. experienced significant gains, with Ethereum-based GameStop rising nearly 50% in 24 hours and trading volume increasing by 37% to $1.83 million [1] - Solana-based GmeStop also saw a rise of over 3% in the last 24 hours, indicating a broader interest in cryptocurrencies linked to GameStop despite their indirect connection to the company [2] - The recent uptick in cryptocurrency prices was influenced by CEO Ryan Cohen's social media post with Strategy co-founder Michael Saylor, leading to speculation about potential Bitcoin investments by GameStop [3] Group 2 - GameStop has maintained popularity as a retail stock, particularly following the 2021 meme stock phenomenon, with notable influence from figures like Keith Gill, who has been active on social media [4] - GameStop's stock price increased by 9.66% to $27.12 during regular trading and saw a further rise of 0.99% in after-hours trading, reflecting positive market sentiment [4]

Core Insights - GameStop shares surged over 9% on Monday, closing at $27.15, marking the highest closing price this month, following a photo posted by CEO Ryan Cohen with Bitcoin investor Michael Saylor [1][2][3] - Despite the recent surge, GameStop's stock is down 13% year-to-date and has experienced a 16% decline over the past month [3][6] Company Developments - The share price increase is linked to speculation regarding GameStop's potential cryptocurrency strategy, as the company has previously ventured into the cryptocurrency space, including a now-defunct cryptocurrency wallet launched in 2022 [2][6] - GameStop's stock has been volatile, having surged 85% in a turbulent trading year in 2024, with a notable peak of $48.75 last year [6] Market Context - MicroStrategy, the company co-founded by Saylor, also saw a stock increase of over 2% on Monday, with shares up 15% since the beginning of the year [4] - Saylor's net worth is estimated at $8.5 billion, reflecting a $111 million increase on the same day GameStop shares surged [5]

Key TakeawaysShares of GameStop and MicroStrategy each jumped Monday morning following a social media post over the weekend.GameStop CEO Ryan Cohen posted a picture early Saturday of himself with MicroStrategy cofounder Michael Saylor, sparking speculation over GameStop's potential crypto plans.MicroStrategy, which last week said it was rebranding itself to Strategy, also bought more Bitcoin over the last week. Shares of GameStop (GME) and MicroStrategy (MSTR)—which last week rebranded itself as Strategy—ea ...

GameStop and MicroStrategy shares popped on Monday on speculation that the struggling video game retailer might embrace crypto.The famed meme stocks boss Ryan Cohen posted a photo over the weekend with MicroStrategy CEO Michael Saylor, whose firm is the largest corporate holder of bitcoin.GameStop stock jumped 7% on Monday and MicroStrategy shares rose 2%. 3 Michael Saylor (left) and Ryan Cohen (right). X/Ryan CohenGameStop and MicroStrategy did not immediately respond to requests for comment.The flailing ...

In this articleMSTRGMETraders work underneath GameStop Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, June 7, 2024. Michael Nagle | Bloomberg | Getty ImagesShares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin.GameStop, day traders' favorite meme stock, climbed 3.5% in premarket trading, while MicroStrate ...

GameStop Corp. (GME) , the original “meme stock” that ignited a social media-fueled trading frenzy, remains a hot topic on Wall Street. Despite ongoing volatility and questions about its long-term fundamentals, the stock continues to trade at a premium, supported by retail investor enthusiasm. With GME still drawing speculative interest, investors face a key decision: Is it worth buying at current levels, holding for potential upside or selling before sentiment shifts?The video game retailer is currently tr ...