GME Jul 2024 32.000 put
- Yahoo Finance Video
Wall Street ups S&P 500 forecasts, GameStop stock tumbles: Market Domination
On Monday's episode of Market Domination, hosts Julie Hyman and Josh Lipton delve into the intricacies of market dynamics, company updates, and the ever-evolving tech sector. Markets take center stage as Wall Street finds itself awash with growing optimism surrounding the S&P 50 (^GSPC). Roth MKM Partners Chief Economist and Macro Strategist Michael Darda joins to discuss why several firms have raised their year-end price targets for the index, buoyed by promising growth prospects. The show then turns to the stock reactions of notable companies, including Adobe (ADBE), Virgin Galactic (SPCE), and GameStop (GME). The video game retailer is in focus after the company saw shares plummet following its annual shareholder meeting. As the episode draws to a close, the spotlight shifts to the Technology SPDR Select Fund (XLK), which is on the brink of a rebalancing due to the high concentration within the industry. Deepwater Asset Management Managing Partner Doug Clinton joins the conversation, offering his outlook on the best tech sector plays. This post was written by Angel Smith
- Bloomberg
GameStop’s Ryan Cohen Says He’s Focused on Profits, Not Hype
(Bloomberg) -- GameStop Corp. Chief Executive Officer Ryan Cohen told investors he’s focused on achieving profitability at the ailing video game retailer and plans to avoid the “hype” that has buffeted the shares to extremes as part of the meme-stock frenzy. Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanS&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapThese Are the World’s Most Expensive Cities for Expats in 2024Hedge Funds’ Secret Weapon
- Barrons.com
GameStop Stock Plummets as CEO Ryan Cohen Speaks of Plan to Cut Costs
The CEO said the videogame retailer plans to cut costs and scale back its network of physical stores, but it wasn’t enough to stem a slide in the stock.
