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Stock impact report

3 Stocks to Avoid at All Costs [The Motley Fool]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: The Motley Fool
3 Stocks to Avoid at All Costs These stocks present hazards and potholes that may threaten your portfolio in 2020. As the stock market marches ever higher, it's been harder and harder to find reasonably valued equities to purchase. Some stocks have been beaten down unfairly, while others are on the verge of turnarounds and present buying opportunities. None of the stocks featured below fit that description and you would be well served to avoid them. GameStop 's ( NYSE:GME ) third-quarter loss, reported on Dec. 10, was wider than expected, and revenue fell short of expectations. Guidance for the full year assumed a decline in same-store sales in the high teens, compared with a Wall Street analysts' consensus for a decline of just 0.3%. GameStop shares have fallen about 65% over the past year as the retailer continues to struggle for survival. Customers are downloading video games at home instead of purchasing in stores. Even its pre-owned game business is suffering as digital availabi Show less Read more
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