Stock exchange

Stock exchange

GameStop’s turnaround plan has proved ‘fruitless’ so far, says analyst

GameStop Corp. reported its seventh consecutive quarterly loss after the market closed on Wednesday and highlighted its goal of returning to profitability in the near term, but analysts warn there are plenty of challenges ahead. “Throughout 2021 and 2022, we were extremely focused on repairing our decayed foundations,” said GameStop GME, +7.14% CEO Matt Furlong […]

Stock exchange

Buy The Dip: 2 REITs Getting Irresistible

z1b Everything has dropped in 2022. Stocks (SPY), Bonds (IEF), real estate investment trusts (“REITs”) (VNQ), Bitcoin (BTC-USD), and even Gold (GLD). But there are some things that deserved to drop, while others didn’t. To take an example: the S&P 500 (SP500) was priced at a historically high multiple leading up to the recent selloff, […]

Stock exchange

Ciena, GameStop, Rent The Runway and others

Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said […]