GameStop to Release Earnings
WallStreetBets darling, GameStop, releases earnings Tuesday afternoon. While trading in $GME mostly feels like gambling, the Company has recently come out with some positive news (CTO/CFO hires) that has catalyzed a more than doubling of the stock. The stock is currently trading at $200 after peaking at $483 in January.
SS Takeaway: $GME had 0 Buy, 4 Hold and 3 Sell ratings as of Friday. We love the Wall Street analysts but the research report we'll be keeping an eye out for is Roaring Kitty's (Keith Gill, pictured above).
Blackstone Goes Anti-Boomer
Blackstone ($BX) is embracing growth in favor of value as it marches towards its goal of managing $1 trillion in assets (currently $619 billion). This past week BX announced the close of the largest ever first-time growth equity fund at $4.5 billion. Even their main buyout fund is embracing growth in favor of LBO, e.g. Bumble, which has quintupled in value since investment.
SS Takeaway: *Warren Buffet has left the chat*
Guess Who's Back?
Former US president, Donald Trump, is planning his social media return with his own platform to be launched in 2-3 months, after getting banned from basically every platform one can get banned from.
SS Takeaway: We are taking bets on what Trump will call this platform but think it will be "YUGE!"