GameStop’s Stock May Be Walking on Thin Ice and Hyundai’s Potential Collaboration on The Apple Car 🎮

GameStop’s Stock May Be Walking on Thin Ice and Hyundai’s Potential Collaboration on The Apple Car

GameStop

GameStop was once the hub for teenagers around the world to get their games, but today many games are downloadable and the need for brick-and-mortar stores is on the decline. Over the past year, GameStop has struggled despite game publishers reporting major spikes in revenue and user engagement.

The numbers don’t look good either as Connor Smith of Barron’s reports: sales are forecast to drop 17% in the fiscal year that ends in January, after a 22% drop a year ago. Earnings have declined for four consecutive years, and analysts see them going deeply negative in the 2021 fiscal year that ends this month, with an adjusted loss of $1.86 a share.

Despite this GameStop hasn’t gone silent, with GameStop CEO George Sherman saying in a December 2020 interview that the company was making progress on its “digital-first approach, focused on delivering a best-in-class e-commerce experience along with an optimized retail footprint.

Hyundai

Hyundai seems to be partnering with Apple on a self-driving electric vehicle. Industry sources have revealed that the plan is to build cars at Kia Motors’ factory in Georgia, or jointly invest in a new factory in the United States. The manufacturing goals are to reach 100,000 vehicles in 2024 at the proposed plant.

Kia Motors is an affiliate of Hyundai Motors which is why their factory may be used. The report said Hyundai and Apple plan to release a “beta version” of Apple cars next year, despite this the final car will not be here for many years and it is reported Apple and Kia have not yet had any “immediate contact”.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

What is a kids brokerage account?

23 March, 2023

A kid’s brokerage account is more accurately called a custodial account. This is a brokerage account that parents or legal guardians can open on behalf of their child.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.