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GameStop's Q2 profit gets lift from eBay stake. Stock rises.
Yahoo Finance Video18d agoneutralVIDEO
GameStop's Q2 profit gets lift from eBay stake. Stock rises.

GameStop stock (GME) is getting a lift in Monday trading after releasing preliminary second quarter earnings, exceeding profit estimates thanks in part to the gaming retailer's stake in eBay (EBAY). Yahoo Finance Senior Business Reporter Ines Ferré breaks it all down.

World shares are mixed and oil prices surge after US strike on Iranian rocket launchers
Associated Press19d agobearish
World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged more than 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. U.S. benchmark crude oil was trading 3.8% higher at $86.58 per barrel.

GameStop (GME) Stock Looks Like A Bargain On Earnings But Weak On Returns
Simply Wall St.22d agoneutral
GameStop (GME) Stock Looks Like A Bargain On Earnings But Weak On Returns

GameStop stock continues to trade under pressure after a prolonged slide in returns, while some of the valuation checks on earnings and asset based multiples still do not paint a clear picture of either a bargain or an obvious overpricing. Over the past 5 years, GameStop shareholders have seen the stock decline about 65%, which keeps the market focus firmly on whether the current price reflects a structurally weaker business or an overly pessimistic view. The recent plan to issue US$1.4b of...

Is GameStop (GME) Undervalued Or Is Its Profit Recovery Already Priced In?
Simply Wall St.22d agoneutral
Is GameStop (GME) Undervalued Or Is Its Profit Recovery Already Priced In?

GameStop (GME) continues to draw attention from retail investors, with recent trading focused on how the stock’s current pricing lines up against its fundamentals such as revenue, profitability and perceived intrinsic value. Over the past few months, GameStop’s share price has been under pressure, with a 30 day share price return down 17.64% and a 90 day return down 13.83%, while the 1 year total shareholder return declined 18.98%. This suggests recent optimism has faded despite shorter term...

GameStop’s Ryan Cohen Considers Scrapping $56B eBay Takeover for Store Partnership
Insider Monkey37d agobullish
GameStop’s Ryan Cohen Considers Scrapping $56B eBay Takeover for Store Partnership

Three months after Ryan Cohen startled Wall Street with an unsolicited $56 billion bid for eBay Inc. (NASDAQ:EBAY), GameStop Corp. (NYSE:GME)’s CEO appears to be backing away from it. Bloomberg reported on August 10 that Cohen is considering withdrawing the offer entirely and replacing it with something far more modest: a partnership or joint venture. […]