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GameStop Earnings Preview
What to watch for?
The week opens with a quiet earnings schedule, but some high-profile companies are set to release their financial reports.
All eyes are on GameStop(GME), Adobe (ADBE), Oracle (ORCL), and Costco Wholesale (COST) as their performance could influence the market sentiment and drive momentum across multiple industries.
But let’s about GME now…
GameStop
GameStop Corporation (GME), a video game retailer, is set to release its financials on Tuesday, December 10. The stock has performed remarkably well, surging up to 92% over the past 12 months and 63% on a YTD basis.
We all know GME as a meme stock, but I believe it no longer holds that label. GME was largely driven by Keith Gill, also known as “Roaring Kitty” (he is one of my favorite investors).
Last Thursday, GME shares surged 10% after a cryptic tweet by Roaring Kitty on X (formerly Twitter). GME shares were initially halted but resumed trading smoothly afterward.