Some developments are so contradictory that even Jim Cramer throws his hands up in frustration.» Read More
At about $60 a pop, that translates to more than 13 million units sold. This is the highest first-day retail sales in the company's history.
One of the most expensive games ever made is expected to be one of the biggest this year, and could be fierce competition for Call of Duty.
Cramer wants you to leverage a year-end phenomenon in which big winners can do little wrong.
"Call of Duty" might be the video game industry's 500-pound gorilla, but on Sept. 17, it faces its biggest threat yet: "Grand Theft Auto V."
You can't even blame the grim U.S. durable goods number on a statistical fluke. This was the most high profile data point this week, and greatly complicates the taper talk.
Paul Raines, Gamestop CEO, discusses which new products are driving profits at the video game company, after it raised its 2013 earnings forecast.
Stocks closed higher on Thursday with the major averages holding onto their gains after the Nasdaq reopened from a more than three hour trading halt.
Aug 22- GameStop Corp raised its 2013 earnings forecast on Thursday, counting on new consoles from Microsoft Corp and Sony Corp to boost holiday season spending on video games and reverse the sector's decline. GameStop shares surged about 10 percent after quarterly results edged past Wall Street's expectations.
Abercrombie & Fitch, Aeropostale and American Eagle Outfitters have fallen out of fashion with fickle teen shoppers and may not win back their business anytime soon.
*Hewlett-Packard weighs on Dow after revenue comments. *Abercrombie tumbles after results, GameStop rallies. I don't think that's right, "said Rex Macey, chief investment officer at Wilmington Trust in Atlanta, Georgia."
Aug 22- GameStop Corp, the world's largest video game products retailer, said it raised its full-year earnings forecast as it expects a ramp up in sales on strong pre-orders for upcoming game consoles from Microsoft Corp and Sony Corp.. GameStop's shares were up over 12 percent at $53.49 in morning trading on the New York Stock Exchange.
*Abercrombie& Fitch shares tumble after results. NEW YORK, Aug 22- U.S. stocks rose on Thursday, with the Dow industrials up for the first time in seven sessions after upbeat data from the world's top economies more than offset lingering uncertainty over the Federal Reserve's asset purchases stimulus program.
Aug 22- GameStop Corp, the world's largest retailer of video game products, raised its full-year earnings forecast, citing strong pre-orders for the upcoming game consoles from Microsoft and Sony. GameStop's shares were up about 14 percent in early trading on the New York Stock Exchange.
Global manufacturing indexes are up, yet retail results are wetting the bed...again.
*Abercrombie& Fitch shares tumble after results. NEW YORK, Aug 22- U.S. stock index futures were set to rise at the open on Thursday after upbeat data from the world's top economies more than offset lingering uncertainty over the Federal Reserve's asset purchases stimulus program.
U.S. stock index futures signaled a slightly higher open on Thursday, as traders digested the latest weekly jobless claims data and some upbeat manufacturing data out of China and the euro zone.
Aug 22- GameStop Corp, the world's largest retailer of video game products, posted results that topped Wall Street estimates, mainly due to higher mobile and digital game sales. The stock closed at $47.62 on the New York Stock Exchange on Wednesday.
The Fed gathering in Jackson Hole and the minutes of the last Fed meeting could keep markets volatile in the week ahead.
NEW YORK, Aug 16- After Wall Street's biggest weekly decline since June and the worst week this year for the Dow average, investors will be searching for a rebound. But the best gains may not be at home as investors take notice of an improved outlook in Europe.
A large trader is looking for more gains in GameStop despite a downgrade by Credit Suisse.