IRBT and EFOI among Consumer Discretionary movers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
0mins
Should l Buy GME?
Gainers:
- Faraday Future Intelligent Electric (FFIE) up by 71%.
- Selina Hospitality (SLNA) up by 44%.
- Reborn Coffee (REBN) up by 26%.
- Petco Health and Wellness Co (WOOF) up by 19%.
- Energy Focus (EFOI) up by 12%.
Losers:
- GameStop Corporation (GME) down by 33%.
- Tupperware Brands Corporation (TUP) down by 17%.
- JX Luxventure Limited (JXJT) down by 16%.
- iRobot Corp (IRBT) down by 12%.
- NIO (NIO) down by 9%.
S&P 500 Consumer Discretionary Sector:
- Overall, the sector increased by 0.02% to 1459.26.
- Automobiles & Components decreased by 1.09% to 104.56.
- Consumer Durables & Apparel increased by 1.37% to 412.45.
- Consumer Services increased by 0.33% to 1628.88.
- Retailing, which contributes 52% to the index, decreased by 0.04% to 4464.72.
Consumer Discretionary Select Sector SPDR ETF:
- XLY is expected to be fueled by resilient consumer spending in 2024.
- There may be a reversal in the consumer discretionary rebound due to a crash in retail sales.
- The article discusses the most shorted S&P 500 consumer discretionary stocks in April.
- Oppenheimer remains positive on equities, particularly energy and consumer discretionary stocks.
- Seeking Alpha's Quant Rating on Consumer Discretionary Select Sector SPDR ETF is highlighted.
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Analyst Views on GME
About GME
GameStop Corp. offers games and entertainment products through its stores and ecommerce platforms. The Company operates in four geographic segments: United States, Canada, Australia and Europe. Each segment consists primarily of retail operations, with the significant majority focused on games, entertainment products and technology. The Company has a total of approximately 3,203 stores across all of its segments: 2,325 in the United States, 193 in Canada, 374 in Australia, and 311 in Europe. Its stores and ecommerce sites operate primarily under the names GameStop, EB Games and Micromania. Its Australia and Europe segments also include 38 pop culture-themed stores selling collectibles, apparel, gadgets, electronics, toys and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. Its retail stores are generally located in strip centers, shopping malls and pedestrian areas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- CEO's Statement: GameStop CEO Ryan Cohen criticized the decay of American capitalism on social media, emphasizing that today's corporate executives lack accountability, which undermines corporate governance and investor confidence.
- Acquisition Plans: Amidst this backdrop, GameStop is reportedly seeking acquisition opportunities aimed at resetting investor sentiment towards its stock, which could positively impact the company's future trajectory.
- Lack of Executive Accountability: Cohen pointed out that executives protect themselves with 'golden parachutes,' resulting in a lack of financial responsibility for poor decisions, thereby eroding business integrity and efficiency.
- Call for Change: Cohen stressed the need to restore the 'Owner's Mentality,' demanding leaders treat shareholder capital with the same reverence as their own savings to save the American economy from mediocrity.
See More
Robinhood Investors Favor Blue-Chip Stocks
- Investor Preferences: The ten most owned stocks on Robinhood include blue-chip stocks like Amazon, Apple, and Alphabet, indicating that investors are still focused on high-growth tech plays, even as they avoid more speculative stocks.
- Google's AI Potential: Google's Gemini generative AI platform is rapidly growing, with analysts expecting revenue and EPS to grow at CAGRs of 15% and 12% from 2025 to 2028, highlighting its strong potential in the digital advertising and cloud infrastructure markets.
- Amazon's Market Advantage: As the world's largest e-commerce and cloud infrastructure company, Amazon leverages AWS profits to expand its retail business, with analysts projecting revenue and EPS growth at CAGRs of 12% and 18% from 2025 to 2028, indicating robust future growth.
- Investment Recommendation: Analysts view both Alphabet and Amazon as evergreen stocks worth investing in, and Robinhood investors' choices reflect confidence in these stocks, especially amid current market volatility, showcasing their long-term investment value.
See More
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- Investor Preference: On the Robinhood platform, Alphabet and Amazon are the most favored stocks, each receiving 58 buy ratings, indicating strong investor confidence and reflecting market recognition of their long-term growth potential.
- Alphabet's Diversification: With a robust ecosystem that includes a search engine, cloud services, and a generative AI platform, Alphabet is expected to grow its revenue and EPS at CAGRs of 15% and 12% from 2025 to 2028, demonstrating its ongoing expansion capabilities in the digital advertising and cloud markets.
- Amazon's Market Leadership: As the world's largest e-commerce and cloud infrastructure company, Amazon's AWS business supports its retail operations, with projected revenue and EPS growth rates of 12% and 18% from 2025 to 2028, showcasing its potential in the rapidly growing AI market.
- Investment Value: Despite market volatility, analysts still view Alphabet and Amazon as evergreen stocks worth investing in, indicating that Robinhood investors are leaning towards stable blue-chip stocks rather than more speculative ones.
See More
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- Bitcoin Reserve Growth: American Bitcoin Corp. achieved the milestone of 6,000 Bitcoin within six months of going public, currently holding 6,039 BTC valued at approximately $409 million, demonstrating rapid growth in public Bitcoin reserves and surpassing many established competitors.
- Market Performance Analysis: Despite the stock declining by 3.54% during regular trading and an additional 0.14% in after-hours trading, analysts remain optimistic, with Roth Capital and H.C. Wainwright & Co. initiating coverage with a 'Buy' rating and a price target of $4.
- Earnings Release Announcement: The company is set to release its full-year earnings for 2025 before the market opens on February 26, which will be closely watched by investors to assess future growth potential and market reactions.
- Bitcoin Market Dynamics: Bitcoin is currently trading at $67,540.58, down 1.41% over the last 24 hours, reflecting the volatility in the overall cryptocurrency market, which may impact the company's operations and investor confidence.
See More
GameStop's Humorous Response to Paul's Card Auction
- Record Auction: Logan Paul's PSA 10 Pikachu Illustrator card sold for $16.5 million, becoming the most expensive trading card ever, highlighting strong demand and potential investment value in the collectibles market.
- GameStop's Humorous Response: Following the auction results, GameStop humorously remarked on social media that they wouldn't even bid $4, indicating a cautious stance towards high-priced cards, which may affect their brand perception.
- Deepened Collaboration: GameStop has expanded its partnership with PSA by introducing 'Power Packs,' blind bags aimed at customers aged 18 and older, further enhancing its influence in the trading card market.
- Stock Price Increase: GME shares rose by 0.21% on Monday and added another 0.55% in after-hours trading, reflecting optimistic market sentiment regarding its short-term performance, despite a longer-term downtrend.
See More
Retail Investors Hype Five Hot Stocks This Week
- GameStop's Positive Outlook: Despite a 10.71% annual decline, GME's stock trades between $23 and $25, indicating retail investors' optimism about its short-term prospects, which may drive increased trading activity.
- Amazon's Supply Chain Advantage: AMZN trades around $199 to $201, down 13.36% over the year, yet retail investors believe its robust supply chain network provides long-term investment value, despite a weaker short-term trend.
- Palantir's Price Volatility: PLTR trades between $128 and $131, with a 9.55% annual return but a 29.94% decline over the last six months, reflecting market uncertainty about its future, particularly influenced by Burry's analysis.
- Tesla's Strong Long-Term Trend: TSLA trades around $415 to $420, up 17.17% over the year, although its short-term performance is weak, its long-term growth potential continues to attract investor interest, reflecting confidence in the electric vehicle market.
See More
