Trading Strategies For GameStop Stonk Before And After Q1 Earnings
Portfolio Pulse from Melanie Schaffer
GameStop (GME) is set to release its Q1 financial results after the market close on Wednesday. The stock has risen about 12% since May 30 and is trading above the 200-day SMA, indicating a bullish trend. Analysts expect a loss of 12 cents per share on revenues of $1.36 billion for Q1.
June 07, 2023 | 7:13 pm
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GameStop's Q1 financial results are expected to show a loss of 12 cents per share on revenues of $1.36 billion. The stock is trading above the 200-day SMA, indicating a bullish trend.
GameStop's Q1 financial results are expected to show a loss of 12 cents per share on revenues of $1.36 billion. The stock is trading above the 200-day SMA, indicating a bullish trend. However, holding stocks or options over an earnings print is akin to gambling, as stocks can react bullishly to an earnings miss and bearishly to an earnings beat. Therefore, the short-term impact on GME's stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100