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GameStop Corp.

6/18/2013, 11:05 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Friday, June 14, 7:01 AM Oppenheimer upgrades GameStop (GME) to Outperform to go along with a price target lift up to $50. GME +1.4% premarket. (Previous: GameStop cruises through E3 better than expected) Comment! [Consumer]
Thursday, June 13, 11:33 AM GameStop (GME +2.5%) trades higher as the news from the E3 conference continues to drive enthusiasm higher on the stock and manages to squeeze out at least a few shorts in the process. The used game business might not have a bright long-term future, but recent developments from publishers indicate they aren't willing to cut the cord just yet. Comment! [Consumer]
Tuesday, June 11, 9:46 AM GameStop (GME +5.6%) opens higher as the market digests the impact of Sony's strategy and pricing for the PlayStation 4 on the company's business model. The Xbox One and PlayStation 4 news flowing out of E3 has fallen short of some of the dire forecasts on GameStop - even if it's not all that encouraging for the long-term outlook for the used game market. Comment! [Consumer, On the Move]
Tuesday, June 11, 9:10 AM Premarket gainers: BEAT +48%. QCOR +29%. DOLE +22%. CTRX +13%. SURG +9%. GME +5%.
Losers: LULU -15%. LDK -9%. IRE -6%. STP -6%. KGC -6%. XTEX -5%. Comment! [On the Move]
Monday, June 10, 5:30 PM After-hours top gainers, as of 5:15 p.m.: BEAT +36%. CTRX +14%. CYS +3%. KNDI +3%. GME +3%.
After-hours top losers: LULU -11%. ASTX -6%. XTEX -4%. COCO -4%. PBY -3%. 1 Comment [On the Move]
Monday, June 10, 2:10 PM Shares of GameStop (GME -2.7%) have traded increasingly skittish with the Apple Developer Conference ongoing and Microsoft releasing more details about its Xbox One. Comment! [Consumer, On the Move]
Friday, June 7, 3:55 PM GameStop's (GME +6.2%) big rally on the Microsoft Xbox One trade-in news "is a gift to short sellers," says SA Pro's Josh Burwick. "Great entry point here." The entry point was even better 3 weeks ago when Burwick penned a piece arguing negative catalysts were emerging and for investors to "look out below." 2 Comments [Quick Ideas]
Friday, June 7, 9:46 AM GameStop (GME +6%) rallies in early trading on news that Microsoft will allow used game trade-ins for the Xbox One gaming console at "participating" retailers. Comment! [Consumer, On the Move]
Thursday, June 6, 7:19 PM Microsoft (MSFT) won't charge a fee for Xbox One used game sales to "retailers, publishers, or consumers," the company states in a blog post. GameStop (GME) investors are relieved, shares +5% AH. Other details: 1) With games/data stored in the cloud, users will be able to access owned games on friends' consoles by logging in. 2) Users are required to be online once every 24 hours on their home console, and once an hour on a friend's console, to verify usage rights. 3) Games can be shared with up to 10 family members, who can play them on any console (though only one can play from a shared library at a given time). (previous) 3 Comments [Tech, Consumer, On the Move]
Thursday, May 30, 12:48 PM The smart money appears to be still long GameStop (GME +3.2%), according to the hedge fund trackers at Insider Monkey. The stock was held in 26 of the bigger funds tracked at the end of Q1, an increase from the end of the year despite the growing consternation over the used game business model. 1 Comment [Consumer]
Friday, May 24, 9:51 AM Microsoft (MSFT -0.3%) and other publishers will take a cut of every sale on pre-owned Xbox One games, according to gaming website MCV. Under a new arrangement, retailers will tap into Microsoft's cloud servers for a transfer of rights on sales of pre-owned games. Though the games can be sold at any price the retailers wish, estimates on the percentage of the sale they can keep are drifting steadily lower. Shares of GameStop (GME -2.4%) are lower on the day. Comment! [Tech, Consumer]
Thursday, May 23, 11:42 AM More from GameStop's (GME -1%) earnings call (previous): 1) Mobile is highlighted as a growth area. 2) Execs flex their muscles, noting GameStop has $1B of trade credits a year to give it some leverage. 3) On the Wii U (NTDOY.PK), despite sales trailing off the company is convinced the console system shouldn't be written off with new innovation coming. 4) Guidance was lowered due to Q1 results and based on new assumptions on the console cycle. (webcast) Comment! [Consumer]
Thursday, May 23, 11:30 AM Heard during GameStop's (GME -1.7%) earnings call: 1) The retailer expects the wave of next-gen consoles to have lower opening prices, but doesn't provide estimates. 2) The game cycle is expected to regain traction in 2014 as adoption rates of new systems hit critical mass. 3) On the outlook for used games, execs think new consoles will kickstart a fresh round of buying/trading - but acknowledge long-term trends will be influenced by digital alternatives. 4) The company says it will maintain its previously announced pace of share buybacks. 5) In an important note, GameStop says it's partnering closely with Microsoft and Sony to ensure a "seemless transition" to next consoles. But at what cost to profits? (webcast) 1 Comment [Consumer]
Thursday, May 23, 8:57 AM More on GameStop (GME): The retailer says comparable store sales fell 6.7% Y/Y during Q1 with new hardware sales down 30.6% and pre-owned sales slipping 7.5%. Looking for channels for future growth? During Q1, mobile sales grew 290% to $46.8M and digital sales rose 47.3%. FY13 EPS is pegged at $2.90-$3.15 vs. $2.75-$3.15 previous and the company's outlook for comparable store sales is improved slightly. GME +1.5% premarket. (PR) 2 Comments [Consumer, Earnings, On the Move]
Thursday, May 23, 8:32 AM Gamestop (GME): Q1 EPS of $0.46 beats by $0.06. Revenue of $1.87B (-6.8% Y/Y) beats by $0.03B. (PR) Comment! [Earnings, Breaking News]
Thursday, May 23, 12:05 AM Notable earnings before Thursday’s open: AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD Comment!

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