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Video Game Retailer Pops 9%

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Trade of the Day Wake-Up Watchlist

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures were mostly higher on Thursday. Wall Street was attempting to shake off the downbeat mood as investors waited for an update on U.S. economic growth. Next up is the week's data highlight on PCE inflation.

A rough September for the markets is almost over, but we haven't slowed down in The War Room. Bryan and Karim have closed 14 winners of 18 total trades for a 78% win rate this month. These include several triple-digit winners like Bryan's 133% overnight win on ORCL and his 124.47% overnight win on AMBA.

When you're ready, click here to join The War Room and start trading alongside Bryan and Karim today.

 

Gamestop (NYSE: GME)

Gamestop is up 9.45% premarket after the videogame retailer appointed Ryan Cohen as CEO. It's a move that will give the activist investor a chance to turn the company around. Cohen will take over as CEO effective immediately.

 

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Micron (Nasdaq: MU)

Micron is down 4.56% premarket after disappointing margin guidance. The memory-chip company's losses can be linked to a China ban on chip sales, despite the company unveiling a supply deal with AI leader Nvidia. The "security review" by China's Cyberspace Administration caused group revenues to fall 40% or just over $4 billion.

China has been looking to monopolize the chip sector to gain a foothold on AI technology.

Click here to learn how America is fighting back and how one company could soar 525% as a result.

 

CarMax (NYSE: KMX)

CarMax is down 12.79% premarket after earnings fall again. The used-car retailer reported fiscal second-quarter earnings and revenue early Thursday as the autoworkers' strike threatens to ramp up used car prices. Retail used unit sales fell 7.4% while comparable store used units sales declined 9%. The company said it will resume stock buybacks in the current third quarter after halting them a year earlier.

 

A hedge against inflation

Our Lead Fundamental Tactician Karim Rahemtulla is aware of how inflation has been eating away at the American dollar, which is why he's letting readers in on what he's calling "An Unbeatable Gold Play." This little-known investment kept winning no matter what happened in the stock market.

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