TM - Wall Street Breakfast: GameStop Gets Real
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. GameStop gets realAfter months of market speculation at its utmost, GameStop (GME) will give investors something concrete to consider for its stock valuation when it releases earnings, revenue and more details about its business transformation plan today.GameStop investors will be glued to their screens after the bell on Tuesday as the video game retailer releases results after the bell (the conference call is scheduled for 5:00 p.m. ET). The report follows two months of wild trading and a "meme stock" craze that resulted in an epic short squeeze earlier in the year. It all started when subreddit r/WallStreetBets convinced an entire community of traders to scoop up shares of GameStop and other heavily shorted public companies, triggering losses at major hedge funds, unprecedented brokerage limits, congressional
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Wall Street Breakfast: GameStop Gets Real