GameStop is set to report its fiscal Q2 results, but investors are more focused on how Ryan Cohen will use the company's $7+ billion cash reserve rather than the earnings themselves. The company showed revenue growth and margin improvement last quarter, driven by collectibles, and has a new $2 billion share buyback program. Key points to watch include collectibles sales trends, revenue changes amid international divestitures, progress on cash deployment including buybacks and the eBay deal, and the status of convertible notes and warrants. The market reaction will likely hinge on Cohen's moves with the cash rather than operational metrics.
Roblox shares have dropped 47% year-to-date due to missed revenue targets and a reset in growth guidance linked to a mandatory age-check rollout. In contrast, Take-Two Interactive and GameStop stocks declined 16% and 5% respectively, reflecting less ...
This week, the key market event is the August Consumer Price Index (CPI) report, which could influence the Federal Reserve's decision on a rate hike in September. Economists expect a moderate rise in inflation, with core inflation slightly easing. St...
