Thinking of trading GAMESTOP?
- 1. Despite declining sales, GameStop is not going anywhere anytime soon. After all, with $8 billion in annual sales, it is still a recognized brand in the industry. The company is seeing growth in accessories (up 22% last year) and collectibles (up 11%). Plus, GameStop generated more than $1 billion in sales last year from digital items, which gamers can purchase from GameStop's online store and download after purchase. 2. The partnership with Amazon has certainly helped the stock to rise in valuation. The company is taking this approach to make its brand relevant. For example, management is beginning to invest in the booming esports market. In late March, the company signed partnerships with multiple esports organizations, including Complexity Gaming.
Trading CFDs involves significant risk of loss
How would you like to trade GAMESTOP?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade GAMESTOP with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. No new consoles until 2020, that's bad news for GameStop, because usually, with the release of new consoles, their stock has been on the up trend, but a lack of new consoles could prove crippling. 2. Digital games, technology brands and pre-owned games have all declined in the last quarter in terms of highest gross margins. 3. In 2019, the company announced that it would suspend its dividend and devote that cash to reduce its debt and rolling out new "transformation initiatives." GameStop shouldered $469 million in long-term debt at the end of the first quarter, compared to $819 million a year earlier. GameStop reduced that debt by suspending its dividend, cutting its expenses, and selling its Spring Mobile stores to AT&T earlier this year.
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