GameStop

Sale as of 07.06.24 from $GME (-1,78 %)

My strongest month so far 🚀

$GME (-1,78 %) Realize profits at the end of the year 🚀

Over the last few days I have been busy sorting out shares again and have now reduced my positions from 77 to 65.

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True to the motto: "With a heavy heart I am selling my rusty used car", the following positions have left my portfolio these days.

$GME (-1,78 %) with -6.22% 🤓

$MO (+0,89 %) +6,78%

$SYK (+1,66 %) +0,32%

$KDP (+0,79 %) +14,62%

$CL (+0,76 %) +12,32% 😢

$ECL (+1,09 %) +5,22%

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However, two should follow immediately. 😜 Yes, the goal is actually to reduce stocks and not add any new ones. But these two simply fit perfectly into my growth strategy, namely $WALMEX* (-0,4 %) & $MELI (+2,47 %) In addition, -6 + 2 still makes -4, which is a WIN WIN situation.

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But unfortunately I can't get into the 2 stocks. With $MELI (+2,47 %) I want to wait, as it is very highly valued and I see a certain downside potential in the next few weeks. With $WALMEX* (-0,4 %) I have a limit order at €2.59, but I can't get in. Although the price has already fallen below it yesterday and today. The problem is that Trade Republic has a spread of 18-24 cents per Walmex share, i.e. almost 10% 😨

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I bought crypto for the first time today 🐈

$GME (-1,78 %)

12.09.2024

ECB interest rate decision today + Major insider buying at HelloFresh + Infineon reaches milestone + Gamestop to invest more with new share issue + Stubborn inflation puts investors in a buying mood + Technology stocks determine Nasdaq 100

Hellofresh $HFG (-5,04 %) meanwhile, soared 14.7 percent. The main driver was a company announcement just before the close of trading the previous day, according to which CEO Dominik Richter had acquired Hellofresh shares worth around 10 million euros. Insider purchases by members of the Management Board are often seen on the stock market as a sign of management confidence in their own company.

The chip company Infineon $IFX (+0,2 %) announced on Wednesday that it had achieved a potential milestone for the industry in the field of gallium nitride wafer production. Infineon described itself as the first company in the world to master 300-mm gallium nitride (GaN) wafer technology in an existing, scalable high-volume production facility. The company intends to use this to maximize capital efficiency in GaN production. According to Infineon, chip production on 300-millimeter wafers is technologically more advanced than on 200-millimeter wafers.

Gamestop $GME (-1,78 %) share price fell more than 9% after the video game retailer announced it would issue more shares despite a drop in sales in the second quarter. The company, which became known as the focal point of the "meme stock" craze earlier in the decade, said it would use the proceeds from issuing up to 20 million new shares to fund "general corporate purposes," including potential "acquisitions and investments consistent with our investment policy."

Stubbornly high core inflation in the US did not go down well on the US stock markets on Wednesday. According to observers, this speaks more in favor of a "small" interest rate cut by the Fed in the coming week. The Dow Jones Industrial benchmark index lost 1.5 percent to 40,115 points and slipped to its lowest level since mid-August. The price losses were widespread and hardly any sector was able to escape the downward pressure. The core inflation rate, excluding energy and food prices, stood at 3.2 percent in August. "Housing costs have once again risen significantly, having already risen more sharply than expected in July," wrote Johannes Mayr, economist at asset manager Eyb & Wallwitz. Speculation in the meantime that the Fed would cut interest rates by 50 basis points had thus been significantly dampened.

Technology shares in the Nasdaq 100 fell less sharply by 0.5 percent to 18,729 points. Price gains by major chip manufacturers provided some support here. Shares from the renewable energy sector benefited on Wednesday from Kamala Harris' good performance in the TV debate with Republican presidential candidate Donald Trump. According to a stock market analyst, Harris' improved position is a positive prospect for companies in the renewable energy sector, as Trump is seen as an advocate of burning fossil fuels. Shares in photovoltaic companies First Solar and Solaredge gained 9 and 10 percent respectively. The fact that Trump was rather disappointing in the televised debate was also reflected in the 15% fall in the share price of Trump Media & Technology .

Thursday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

BHP Group AUD 0.74

Endeavour Mining 0.41 GBP

Quarterly figures / company dates USA / Asia

22:05 Adobe quarterly figures

Untimed: Moderna: Research and Development Day

Quarterly figures / Company dates Europe

07:00 Fraport traffic figures August

08:00 DFV Deutsche Familienversicherung Half-year figures

Untimed: Thyssenkrupp: Supervisory Board meeting, topic among others spin-off Thyssenkrupp Steel Europe

Economic data

• 08:00 DE: Wholesale prices August PROGNOSE: n.a. previous: +0.3% yoy /-0.1% yoy
• 14:15 EU: ECB, outcome of the Governing Council meeting Deposit rate PROGNOSE: 3.50% previous: 3.75%
• 14:30 US: Initial jobless claims (week) PROGNOSE: 225,000 previous: 227,000
• 14:30 US: Producer Prices August PROGNOSE: +0.2% yoy previous: +0.1% yoy Core (ex food and energy) PROGNOSE: +0.2% yoy previous: 0.0% yoy
• 14:45 EU: ECB, press conference after Governing Council meeting and staff projection for growth and inflation in the eurozone

GameStop: Significant decline in sales in Q2, further store closures and new share issue

GameStop's latest financial report for the second quarter of 2024 reveals an alarming decline in sales of 45% compared to the previous year reported.

This development underlines the company's ongoing difficulties in the retail sector, which is increasingly characterized by digital competition.

To cope with the financial burdens, GameStop plans to close more stores as part of a comprehensive restructuring strategy.

In addition to the store closures, GameStop has announced plans to issue new shares to raise capital.

This measure is intended to help the company improve its liquidity and cover ongoing restructuring costs.

The new share issue could lead to a dilution of existing shares in the short term, but is seen as a necessary step to ensure financial stability and support future growth.

The restructuring measures present both risks and opportunities that should be considered when evaluating GameStop's long-term prospects.

$GME (-1,78 %)

#news
#stock
#stocks
#earnings

https://www.gamesindustry.biz/gamestop-q2-sales-down-45-as-more-stores-due-to-close-down

Earnings next week 🗓️

$ORCL (+1,67 %)

$GME (-1,78 %)

$ADBE (+1,65 %)

Investing as a student

Hello Community,

I'm writing my first post as an otherwise silent reader, a kind of portfolio check/feedback on the occasion of my first 5000€ in the portfolio, which is already a relatively large sum for me, even if others have this as a savings plan installment.

First of all, about me. I'm 20 years old and have been a student for a year. I work part-time and still live at home.

So my fixed costs are rather low.

• About the portfolio

My investment strategy is basically buy & hold from the $VWRL (+0,87 %) (Dist) (currently a €50 savings plan for the TR card benefits, mostly individual purchases), although I also risk a little money from time to time for a quick profit. So far with $BTC (+0,53 %) +20% and $NVDA (+1,51 %) (currently +26%, not realized) quite well. There was also a small mistake, $GME (-1,78 %) I sold too early, but was able to sleep peacefully.

Short-term goals

I need to build up my nest egg of €1000 again. I went on vacation with friends for a month, which cost €3,000, so the nest egg was used up. You shouldn't, but it was worth it to me.

I also don't yet know how to deal with my $NVDA (+1,51 %) position and the $CSPX (+0,89 %) should deal with. Take a profit on NVIDIA? Switch the S&P500 into the All-World?

Long-term goals

Expand dividends/ performance. Is a high dividend ETF worthwhile? Often seen as a yield killer. I am quite comfortable with a 1 ETF portfolio.

Other positions

$O (+1,58 %) I have in the portfolio for the monthly dividend, currently €2 per month. With 1€ order fees, two orders per month are therefore "free of charge".

$MSFT (+0,08 %) Was given to me as a gift by TR as my first share. Remains in the portfolio due to its emotional value and belief in the company.

$NVDA (+1,51 %) Bought during the crash, punter position.

+-600€ income per month

+-120€ spending per month

Fall 2025 will buy a PS5 (PS5 Pro when released, expect 700€) for GTA6, otherwise no big planned expenses. After restoring the nest egg, monthly savings will be made on this.

Questions and suggestions very welcome!

$GME (-1,78 %) I'll wait and see.

Crypto too. Except $BTC (+0,53 %) should be long-term.

What do you think of the rest?

Main focus on the World, Europe and Em Imi ETF for the next 20-25 years. Plus silver.

$AAPL (+0,52 %) , $NVDA (+1,51 %) and $TSLA (+0,05 %) should also be a longer-term component.

Depending on performance, the other ETFs may also be included.