GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts, as well as engages in the digital asset wallet and NFT marketplace activities. The company operates stores and ecommerce sites under the GameStop, EB Games, and Micromania brands; and pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand, as well as offers Game Informer magazine, a print and digital gaming publication. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is headquartered in Grapevine, Texas.

У GameStop сильный баланс сочетается с дорогой оценкой и неидеальной операционной рентабельностью. Компания держит очень высокие cash on hand, а quick ratio и current ratio выглядят экстремально сильными, что снижает риск краткосрочной ликвидности и поддерживает устойчивость. При этом долг заметно вырос: long-term debt и debt/equity уже не выглядят комфортно, а рост обязательств ухудшает качество баланса по сравнению с началом периода. По мультипликаторам акция выглядит недешёвой: P/E, P/S и P/FCF находятся выше медианы отрасли, что ограничивает потенциал переоценки без ускорения прибыли и выручки. P/B близок к отраслевой норме, поэтому именно он не даёт сильного сигнала ни в плюс, ни в минус. Рентабельность улучшилась относительно слабых уровней начала периода, но ROE, ROA и ROI всё ещё ниже отраслевых ориентиров, а return on tangible equity остаётся слабым для оправдания премиальной оценки. Маржа прибыли и операционная маржа выросли по годам, что является позитивным сигналом, однако gross margin всё ещё ниже медианы отрасли и не демонстрирует явного превосходства. Выручка и валовая прибыль остаются на уровне, который не подтверждает высокие мультипликаторы, а EBITDA и операционная прибыль улучшаются, но пока не выглядят достаточно масштабными. Чистая прибыль и EPS положительные, что лучше, чем у убыточной истории, но прогнозный EPS заметно слабее текущего уровня и указывает на ограниченный запас роста. Отсутствие дивидендов убирает один из источников возврата капитала для инвестора. В сумме фундаментал скорее поддерживает осторожный, слегка понижательный пересмотр справедливой оценки, чем повышение, потому что сильная ликвидность и прибыльность не полностью компенсируют дорогие мультипликаторы и рост долговой нагрузки.

GameStop Corporation

Сильная ликвидность и улучшение прибыли у GME сочетаются с дорогой оценкой, ростом долга и всё ещё слабой рентабельностью относительно отрасли.

Key Points
SpaceX will be valued at nearly 100 times sales when it goes public.
It could generate disappointing returns in the first year.
SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, will go public on June 12. It's set the IPO price at $135 per share and aims to raise $75 billion, valuing the company at about $1.77 trillion and making it the biggest IPO in history.
The IPO is already more than four times oversubscribed, suggesting it will start trading at an even higher price. So what could a $10,000 investment in SpaceX's IPO be worth in a year?
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
The biggest problems with SpaceX's IPO
At its target valuation, SpaceX would trade at 95 times its 2025 revenue of $18.67 billion. That represented 33% growth from 2024, but it's still a lofty price-to-sales ratio.
SpaceX generates most of its revenue and all of its operating profits from Starlink. Its space division, which produces its Falcon rockets, is still unprofitable. Last year, SpaceX squeezed out a profit by using Starlink's profits to offset the space division's losses.
But this year, it integrated xAI (which owns X and Grok) into SpaceX as its new AI division. The AI division's massive losses ($4.3 billion in the first quarter of 2025) wiped out Starlink's profits. SpaceX plans to ramp up its AI investments after its public debut, which implies it will remain unprofitable for the foreseeable future. That's probably why it's so eager to raise fresh cash.
SpaceX is also offering less than 5% of its shares in its IPO, which shields Musk from big investors and allows him to maintain an 82% voting stake in the company. It's also allocating up to 30% of its shares to retail investors -- which indicates it's intentionally targeting the same "meme stock" investors that gobbled up stocks like GameStop.
How much will a $10,000 investment in SpaceX grow?
All of these issues are preventing me from chasing SpaceX's IPO. Instead, I think it's smarter to stick with its smaller peers -- like AST SpaceMobile and Rocket Lab -- until the smoke clears.
I believe SpaceX's stock will briefly skyrocket after its public debut, but then pull back as its IPO investors flip it for a quick profit. After that, the stock will likely stagnate and slump lower as it's revalued at a more sustainable price-to-sales ratio.
Let's assume SpaceX grows its revenue by 30% to $24.3 billion in 2026 and by another 30% to $31.5 billion in 2027. Even if it trades at a frothy 50 times its current-year sales by June 2027, its market cap would still be only $1.58 trillion -- an 11% decline from its target valuation.
Therefore, I expect a $10,000 investment in SpaceX's IPO to be worth less in a year. It might eventually bounce back, but too much growth has already been baked into its stock.
Should you buy stock in Space Exploration Technologies right now?
Before you buy stock in Space Exploration Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Space Exploration Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $439,038!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,277,804!*
Now, it’s worth noting Stock Advisor’s total average return is 942% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 10, 2026.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile and Rocket Lab. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SpaceX Is Going Public at a $1.77 Trillion Valuation. Here's What a $10,000 Investment Could Return.

The meme stock reported increasing revenue as its collectibles business creates a reason for people to visit stores.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
*Stock prices used were the afternoon prices of June 3, 2026. The video was published on June 5, 2026.
Should you buy stock in GameStop right now?
Before you buy stock in GameStop, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and GameStop wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $443,191!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,258,838!*
Now, it’s worth noting Stock Advisor’s total average return is 941% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 7, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

GameStop Stock Analysis: Buy or Sell?

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.74%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.29%. June E-mini S&P futures (ESM26) fell -0.78%, and June E-mini Nasdaq futures (NQM26) fell -0.32%.
Stock indexes retreated on Wednesday, with the Nasdaq 100 falling from a new record high. The broader market was under pressure on Wednesday as the US and Iran clashed overnight, sending WTI crude oil prices up more than +2% to a 1.5-week high and putting peace plans in doubt. In addition, weakness in software companies, cybersecurity, and private credit stocks on Wednesday weighed on the overall market.
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Crude oil price jumped more than +2% on Wednesday after US forces intercepted Iranian ballistic missiles and drones aimed at neighboring Gulf states, escalating tensions and reducing chances that the Strait of Hormuz will open any time soon. The Tasnim news agency reported that Iranian Foreign Minister Abbas Araghchi said that “Communications between Iran and the US have not been cut off, but no tangible progress has been achieved in the negotiating process.”
On the positive side, AI-infrastructure spending continues to support technology stocks. Marvell Technology rose more than +3% on Wednesday, adding to Tuesday’s 32% surge, to lead chipmakers higher after Nvidia CEO Huang predicted the company would be the next to hit a $1 trillion valuation, more than five times its current market capitalization.
Signs of strength in the US economy are also supportive of stocks after Wednesday’s reports showed the May ADP employment change, the May ISM services index, and Apr factory orders rose more than expected.
The US May ADP employment change rose 122,000, slightly stronger than expectations of 120,000 and the biggest increase in 16 months.
The US May ISM services index rose +0.9 to 54.5, stronger than expectations of 53.8. The May ISM services prices paid sub-index rose +0.6 to a 3.75-year high of 71.3, although below expectations of 72.3.
US Apr factory orders rose +4.8% m/m, stronger than expectations of +4.6% m/m and the largest increase in 11 months.
US MBA mortgage applications fell -2.5% in the week ended May 29, with the purchase mortgage sub-index down -2.9% and the refinancing mortgage sub-index down -2.3%. The average 30-year fixed rate mortgage fell -8 bp to 6.57% from 6.65% in the prior week.
The Fed Beige Book was hawkish, stating slight to moderate economic growth across most Fed districts through May 27, with employment little changed and most of the 12 Fed districts reporting higher inflation than in the previous report.
New York Fed President John Williams said, "Monetary policy is exactly in the right place. I don't see any need to raise or lower interest rates right now."
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
The generally favorable Q1 earnings season is winding down. As of Wednesday, 84% of the 485 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 closed down -0.89%. China's Shanghai Composite closed up +0.22%. Japan's Nikkei Stock Average rallied to a new record high and closed up +2.50%.
Interest Rates
September 10-year T-notes (ZNU6) on Wednesday closed down -8 ticks, and the 10-year T-note yield rose +4.6 bp to 4.489%. T-note prices were under pressure on Wednesday amid an escalation of US-Iran tensions, which lifted WTI crude oil by more than +2% to a 1.5-week high, boosting inflation expectations. T-notes added to their losses on Wednesday after US economic reports showed the May ADP employment change, the May ISM services index, and Apr factory orders rose more than expected, hawkish factors for Fed policy. The Fed Beige Book also reported rising inflation pressures and was bearish for T-notes.
European government bond yields moved higher on Wednesday. The 10-year German Bund yield climbed to a 1.5-week high of 3.042% and finished up +6.0 bp to 3.035%. The 10-year UK gilt yield rose to a 1.5-week high of 4.939% and finished up +7.2 bp to 4.931%.
The Eurozone May S&P composite PMI was revised upward by +1.0 to 48.5 from the previously reported 47.5.
Eurozone Apr PPI rose +4.9% y/y, right on expectations and the fastest pace of increase in more than 3 years.
The UK May S&P services PMI was revised upward by +1.4 to 49.3 from the previously reported 47.9.
Swaps are discounting a 98% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Software stocks sold off on Wednesday, pressuring the broader market. Datadog (DDOG), Atlassian Corp (TEAM), and ServiceNow (NOW) closed down more than -7%, and International Business Machines (IBM) closed down more than -6% to lead losers in the Dow Jones Industrials. Also, Palantir Technologies (PLTR) closed down more than -6%, and Oracle (ORCL) closed down more than -5%. In addition, Salesforce (CRM) closed down more than -4%, and Autodesk (ADSK) and Intuit (INTU) closed more than -3%. Finally, Microsoft (MSFT) and Adobe Systems (ADBE) closed down more than -2%, and Workday (WDAY) closed down more than -1%.
Cybersecurity stocks retreated on Wednesday, led by a -7% decline in Okta (OKTA) and a -6% decline in Zscaler (ZS). Also, Palo Alto Networks (PANW) closed down more than -5% despite reporting better-than-expected Q3 earnings, as it failed to meet elevated buy-side expectations. In addition, Cloudflare (NET) and CrowdStrike Holdings (CRWD) closed down more than -2%, and Fortinet (FTNT) closed down more than -1%.
Private credit stocks faltered on Wednesday as the 17% redemption requests for Cliffwater’s private credit fund weighed on alternative asset stocks. Carlyle Group (CG) closed down more than -4%, and Ares Management (ARES), KKR & Co (KKR), Blackstone (BX), and Blue Owl Capital (OWL) closed down more than -3%. Also, Apollo Global Management (APO) and BlackRock (BLK) closed down more than -2%.
Chipmakers and AI-infrastructure stocks rallied on Wednesday, providing support to the overall market. Sandisk (SNDK) closed up more than +6% to lead gainers in the Nasdaq 100, and Western Digital (WDC) closed up more than +5%. Also, Intel (INTC), Advanced Micro Devices (AMD), and ON Semiconductor (ON) closed up more than +4%,and Analog Devices (ADI), KLA Corp (KLAC), and Qualcomm (QCOM) closed up more than +3%. In addition, Applied Materials (AMAT), ARM Holdings Plc (ARM), and Lam Research (LRCX) closed up more than +2%.
Global Payments (GPN) closed down more than -8% after Susquehanna cut its price target on the stock to $111 from $119, noting that Middle East travel exposure will remain a “burden.”
Ulta Beauty (ULTA) closed down more than -4% after analysts noted the company’s annual guidance implies the outlook for the second half of the year is weaker than expected.
Gitlab (GTLB) closed down more than -2% after announcing that it will cut about 14% of its workforce and exit 22 countries as part of a restructuring.
Medtronic Plc (MDT) closed up more than +6% after reporting Q4 revenue of $9.81 billion, above the consensus of $9.64 billion.
GameStop (GME) closed up more than +6% after reporting Q1 net sales rose +14% y/y to $835.3 million and said its board of directors approved a $2 billion share repurchase authorization.
Meta Platforms (META) closed up more than +4% after announcing it is selling access to an artificial intelligence agent called Meta Business Agent, which will chat with a business’s customers over WhatsApp, Messenger, and Instagram.
Marvel Technology (MRVL) closed up more than +3% today, adding to Tuesday’s +32% surge, after Nvidia CEO Huang predicted that the company will be the next to hit a $1 trillion valuation, more than five times its current market capitalization.
Sherwin-Williams (SHW) closed up more than +1% after the company and Nippon Paint abandoned efforts to jointly acquire Akzo Nobel.
Earnings Reports(6/4/2026)
Brown-Forman Corp (BF/B), Ciena Corp (CIEN), Cooper Cos Inc/The (COO), Docusign Inc (DOCU), Guidewire Software Inc (GWRE), Lululemon Athletica Inc (LULU), Rubrik Inc (RBRK), Samsara Inc (IOT), Toro Co/The (TTC).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Retreat as US-Iran Peace Hopes in Doubt

Key Points
The S&P 500 is trading above 30 times earnings for the first time in five years.
Rising interest rates killed its previous rally, which peaked in late 2021 and early 2022.
But this time around, interest rates are high, and AI stocks are doing the heavy lifting.
The S&P 500 has rallied about 80% over the past five years and is hovering near its all-time high. However, it's also trading at 33 times its trailing earnings, which is much higher than its historical average of 20-21 times earnings. In fact, the last time the S&P 500 traded above 30 times earnings was early 2021, when historically low interest rates, stimulus checks, and social media buzz sparked a buying frenzy in meme and hypergrowth stocks.
So does the S&P 500's historically high multiple indicate it's time to brace for a market crash? Let's see what happened five years ago and whether history will repeat itself.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
What happened in 2021?
Five years ago, the growth of commission-free trading platforms like Robinhood, a rising interest in meme stocks like GameStop on social media platforms such as Reddit, and a contagious "fear of missing out" drove millions of retail investors into the stock market. Near-zero interest rates amplified those gains by forcing investors to seek higher returns beyond traditional CDs and savings accounts.
During that period, the massive rallies in GameStop and other meme stocks drove many investors to buy other hypergrowth stocks trading at sky-high valuations. That rising tide drove the S&P 500 to multi-year highs, even as many analysts warned the gains were unsustainable.
By Jan. 1, 2021, the S&P 500 was trading at nearly 40 times its trailing earnings. Its price-to-earnings ratio actually declined throughout the rest of the year, but the index still rallied 27% to a new record high on Dec. 30, 2021.
That might seem like a contradiction, but the surge in post-pandemic spending in 2021 distorted its valuation. That recovery boosted the S&P 500's corporate earnings so much that it actually justified the index's higher price and reduced its price-to-earnings ratio. However, that overheating economy -- along with Russia's invasion of Ukraine in early 2022 -- caused severe inflation. To tame inflation, the Fed raised its rates 11 times in a row in 2022 and 2023.
Those rate hikes drove investors from riskier stocks toward more conservative investments, ending the meme stock rally and quickly chilling the S&P 500's valuations. By the end of the third quarter of 2022, the S&P 500's trailing P/E ratio had shrunk to 19. The index had also pulled back 25% from its record highs in early 2022, putting it firmly in a bear market.
What's different in 2026?
Today, the S&P 500's valuations look as frothy as they did in 2021, but its catalysts are different. Most of the index's rally over the past five years was driven by Nvidia (NASDAQ: NVDA), its Magnificent Seven peers, and other AI-driven tech giants. The gains from those stocks masked the slower growth of sectors more exposed to macro headwinds.
Back in 2021, there were only six trillion-dollar companies. Today, there are 14. Nvidia was only worth $735 billion. Now, it's worth $5.2 trillion and the world's most valuable company.
Some analysts claim those soaring valuations are "decoupling" the trillion-dollar companies from the rest of the S&P 500. They're also distorting the valuations of the other S&P 500 companies.
Interest rates are also much higher than they were in 2021. The Fed cut its benchmark rate six times in 2024 and 2025, but it's still at 3.50%-3.75%. Since it's easy for investors to get decent yields through CDs, savings accounts, and fixed-income investments, there isn't a burning need to chase higher-growth or higher-yielding stocks.
Historical returns aren't reliable right now
After the S&P 500's P/E ratio peaked in 2021, the index rallied through the end of 2021, stagnated throughout 2022 and 2023, but hit fresh highs in 2024, 2025, and 2026.
However, past performance never guarantees future gains -- and the S&P 500's situation is completely different today. If the AI boom continues and propels Nvidia and its Magnificent Seven peers to fresh highs, the S&P 500's valuations could expand further.
But if AI spending abruptly declines and those leaders lose their momentum, the S&P 500's valuations could quickly drop back to their historical averages. Therefore, investors shouldn't assume the S&P 500 will pull back simply because it's trading at over 30 times earnings again. But over the long term, investing in the S&P 500 through a simple ETF -- like the Vanguard S&P 500 ETF (NYSEMKT: VOO) -- should still pay off as the U.S. economy keeps growing.
Should you buy stock in Vanguard S&P 500 ETF right now?
Before you buy stock in Vanguard S&P 500 ETF, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Vanguard S&P 500 ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $449,393!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,366,006!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 212% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 3, 2026.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia, Reddit, and Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The S&P 500 Just Did This for the First Time in 5 Years. Here's What History Says Happens Next.

The S&P 500 Index ($SPX) (SPY) today is down -0.40%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.74%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.08%. June E-mini S&P futures (ESM26) are down -0.48%, and June E-mini Nasdaq futures (NQM26) are down -0.08%.
Stock indexes are sliding today, with the Nasdaq 100 falling from a new record high. The broader market is under pressure today as the US and Iran clashed overnight, sending WTI crude oil prices up more than +1% to a 1.5-week high. Shortly after disabling an empty oil tanker heading back to Iran, the US military said it came under missile and drone attacks as Iran targeted the US’s Bahrain naval base and the Ali Al-Salem airbase in Kuwait. US forces struck a communications tower on the Iranian island of Qeshm near the Strait of Hormuz as part of the skirmishes. In addition, weakness in software companies, cybersecurity, and private credit stocks today is weighing on the overall market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the positive side, AI-infrastructure spending continues to support technology stocks. Marvell Technology is up more than +7% today, adding to Tuesday’s 32% surge, to lead chipmakers higher after Nvidia CEO Huang predicted the company would be the next to hit a $1 trillion valuation, more than five times its current market capitalization.
Signs of strength in the US economy are also supportive of stocks after today’s reports showed the May ADP employment change, the May ISM services index, and Apr factory orders rose more than expected.
The US May ADP employment change rose 122,000, slightly stronger than expectations of 120,000 and the biggest increase in 16 months.
The US May ISM services index rose +0.9 to 54.5, stronger than expectations of 53.8. The May ISM services prices paid sub-index rose +0.6 to a 3.75-year high of 71.3, although below expectations of 72.3.
US Apr factory orders rose +4.8% m/m, stronger than expectations of +4.6% m/m and the largest increase in 11 months.
US MBA mortgage applications fell -2.5% in the week ended May 29, with the purchase mortgage sub-index down -2.9% and the refinancing mortgage sub-index down -2.3%. The average 30-year fixed rate mortgage fell -8 bp to 6.57% from 6.65% in the prior week.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
The generally favorable Q1 earnings season is winding down. As of today, 84% of the 485 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.66%. China's Shanghai Composite closed up +0.22%. Japan's Nikkei Stock Average rallied to a new record high and closed up +2.50%.
Interest Rates
September 10-year T-notes (ZNU6) today are down -6 ticks, and the 10-year T-note yield is up +3.7 bp to 4.481%. T-note prices are under pressure today as an escalation of US-Iran tensions lifted WTI crude oil by more than +1% to a 1.5-week high, boosting inflation expectations. T-notes added to their losses today after US economic reports showed the May ADP employment change, the May ISM services index, and Apr factory orders rose more than expected, hawkish factors for Fed policy.
European government bond yields are moving higher today. The 10-year German Bund yield is up +4.5 bp to 3.019%. The 10-year UK gilt yield is up +5.2 bp to 4.911%.
The Eurozone May S&P composite PMI was revised upward by +1.0 to 48.5 from the previously reported 47.5.
Eurozone Apr PPI rose +4.9% y/y, right on expectations and the fastest pace of increase in more than 3 years.
The UK May S&P services PMI was revised upward by +1.4 to 49.3 from the previously reported 47.9.
Swaps are discounting a 97% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Software stocks are sliding today, pressuring the broader market. Datadog (DDOG) is down more than -8% to lead losers in the Nasdaq 100, and International Business Machines (IBM) is down more than -6% to lead losers in the Dow Jones Industrials. Also, Atlassian Corp (TEAM) is down more than -6%, and Oracle (ORCL) is down more than -5%. In addition, ServiceNow (NOW), Salesforce (CRM), and Palantir Technologies (PLTR) are down more than -4%, and Microsoft (MSFT) and Intuit (INTU) are down more than -3%. Finally, Workday (WDAY), Autodesk (ADSK), and Adobe Systems (ADBE) are down more than -2%.
Cybersecurity stocks are retreating today, led by a -6% decline in Palo Alto Networks (PANW) despite reporting better-than-expected Q3 earnings, as it failed to meet elevated buy-side expectations. Also, Okta (OKTA) is down more than -6%, and Zscaler (ZS) is down more than -5%. In addition, Cloudflare (NET) is down more than -3%, CrowdStrike Holdings (CRWD) is down more than -1%, and Fortinet (FTNT) is down -0.45%.
Private credit stocks are faltering today as the 17% redemption requests for Cliffwater’s private credit fund weighed on alternative asset stocks. Ares Management (ARES) and KKR & Co (KKR) are down more than -5%, and Carlyle Group (CG) and Blackstone (BX) are down more than -4%. Also, Apollo Global Management (APO) is down more than -3%, and Blue Owl Capital (OWL) and BlackRock (BLK) are down more than -2%.
Chipmakers and AI-infrastructure stocks are climbing today, providing support to the overall market. Western Digital (WDC) is up more than +6% to lead gainers in the S&P 500 and Nasdaq 100, and Sandisk (SNDK), Intel (INTC), and Qualcomm (QCOM) are up more than +4%. Also, Applied Materials (AMAT), ON Semiconductor (ON), and Seagate Technology Holdings Plc are up more than +3%, and Advanced Micro Devices (AMD), Lam Research (LRCX), Analog Devices (ADI), and KLA Corp (KLAC) are up more than +2%.
Ulta Beauty (ULTA) is down more than -4% after analysts noted the company’s annual guidance implies the outlook for the second half of the year is weaker than expected.
Gitlab (GTLB) is down more than -3% after announcing that it will cut about 14% of its workforce and exit 22 countries as part of a restructuring.
GameStop (GME) is up more than +7% after reporting Q1 net sales rose +14% y/y to $835.3 million and said its board of directors approves a $2 billion share repurchase authorization.
Marvel Technology (MRVL) is up more than +6% today, adding to Tuesday’s +32% surge, after Nvidia CEO Huang predicted that the company will be the next to hit a $1 trillion valuation, more than five times its current market capitalization.
Medtronic Plc (MDT) is up more than +4% after reporting Q4 revenue of $9.81 billion, above the consensus of $9.64 billion.
Sherwin-Williams (SHW) is up more than +2% after the company and Nippon Paint abandoned efforts to jointly acquire Akzo Nobel.
IREN Ltd (IREN) is up more than +1% after signing a transmission connection agreement to support a planned 800-megawatt data center campus in Bundey, South Australia.
Earnings Reports(6/3/2026)
Broadcom Inc (AVGO), CrowdStrike Holdings Inc (CRWD), Five Below Inc (FIVE), Macy's Inc (M), Medtronic PLC (MDT), Ollie's Bargain Outlet Holding (OLLI), PVH Corp (PVH), Thor Industries Inc (THO), Veeva Systems Inc (VEEV).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Fall on Escalation of US-Iran Hostilities

The S&P 500 Index ($SPX) (SPY) today is down -0.57%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.60%. June E-mini S&P futures (ESM26) are down -0.50%, and June E-mini Nasdaq futures (NQM26) are down -0.52%.
Stock indexes are under pressure today, with the Nasdaq 100 falling from a new record high. The broader market is under pressure today as the US and Iran clashed overnight, sending WTI crude oil prices up more than +1% to a 1.5-week high. Shortly after disabling an empty oil tanker heading back to Iran, the US military said it came under missile and drone attacks as Iran targeted the US’s Bahrain naval base and the Ali Al-Salem airbase in Kuwait. US forces struck a communications tower on the Iranian island of Qeshm near the Strait of Hormuz as part of the skirmishes. In addition, weakness in software companies and private credit stocks today is weighing on the overall market.
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On the positive side, AI-infrastructure spending continues to support technology stocks. Marvell Technology is up more than +6% today, adding to Tuesday’s 32% surge, to lead chipmakers higher after Nvidia CEO Huang predicted the company would be the next to hit a $1 trillion valuation, more than five times its current market capitalization.
Signs of strength in the US labor market are also supportive of economic growth and stocks, after the May ADP employment change rose 122,000, slightly stronger than expectations of 120,000 and the biggest increase in 16 months.
US MBA mortgage applications fell -2.5% in the week ended May 29, with the purchase mortgage sub-index down -2.9% and the refinancing mortgage sub-index down -2.3%. The average 30-year fixed rate mortgage fell -8 bp to 6.57% from 6.65% in the prior week.
The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.
The generally favorable Q1 earnings season is winding down. As of today, 84% of the 485 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets are mixed today. The Euro Stoxx 50 is down -0.63%. China's Shanghai Composite closed up +0.22%. Japan's Nikkei Stock Average rallied to a new record high and closed up +2.50%.
Interest Rates
September 10-year T-notes (ZNU6) today are down -10 ticks, and the 10-year T-note yield is up +4.5 bp to 4.489%. T-note prices are under pressure today as an escalation of US-Iran tensions lifted WTI crude oil by more than +1% to a 1.5-week high, boosting inflation expectations. T-notes added to their losses today after the May ADP employment change rose more than expected and posted its largest increase in 16 months, a hawkish factor for Fed policy.
European government bond yields moved lower on Tuesday. The 10-year German Bund yield is up +3.5 bp to 3.009%. The 10-year UK gilt yield is up +4.8 bp to 4.907%.
The Eurozone May S&P composite PMI was revised upward by +1.0 to 48.5 from the previously reported 47.5.
Eurozone Apr PPI rose +4.9% y/y, right on expectations and the fastest pace of increase in more than 3 years.
The UK May S&P services PMI was revised upward by +1.4 to 49.3 from the previously reported 47.9.
Swaps are discounting a 97% chance of a +25 bp ECB rate hike at its next policy meeting on June 11.
US Stock Movers
Software stocks are sliding today, pressuring the broader market. Atlassian Corp (TEAM) and Datadog (DDOG) are down more than -7%, and International Business Machines (IBM) is down more than -6% to lead losers in the Dow Jones Industrials. Also, Oracle (ORCL) and ServiceNow (NOW) are down more than -5%, and Palantir Technologies (PLTR) is down more than -4%. In addition, Workday (WDAY) and Salesforce (CRM) are down more than -3%, and Intuit (INTU), Autodesk (ADSK), and Adobe Systems (ADBE) are down more than -2%.
Private credit stocks are faltering today as the 17% redemption requests for Cliffwater’s private credit fund weighed on alternative asset stocks. Ares Management (ARES) and Carlyle Group (CG) are down more than -4%, and Blackstone (BX), KKR & Co (KKR), and Blue Owl Capital (OWL) are down more than -3%. Also, Apollo Global Management (APO) and BlackRock (BLK) are down more than -2%.
Chipmakers and AI-infrastructure stocks are climbing today, providing support to the overall market. Intel (INTC) is up more than +7% to lead gainers in the S&P 500 and Nasdaq 100, and Western Digital (WDC) is up more than +5%. Also, Advanced Micro Devices (AMD), Applied Materials (AMAT), and Seagate Technology Holdings Plc are up more than +2%. In addition, Lam Research (LRCX), ON Semiconductor (ON), and ASML Holding NV (ASML) are up more than +1%.
Gitlab (GTLB) is down more than -7% after announcing that it will cut about 14% of its workforce and exit 22 countries as part of a restructuring.
Ulta Beauty (ULTA) is down more than -6% after analysts noted the company’s annual guidance implies the outlook for the second half of the year is weaker than expected.
Palo Alto Networks (PANW) is down more than -5% despite reporting better-than-expected Q3 earnings, as it failed to meet elevated buy-side expectations.
GameStop (GME) is up more than +8% after reporting Q1 net sales rose +14% y/y to $835.3 million and said its board of directors approves a $2 billion share repurchase authorization.
Marvel Technology (MRVL) is up more than +4% today, adding to Tuesday’s +32% surge, after Nvidia CEO Huang predicted that the company will be the next to hit a $1 trillion valuation, more than five times its current market capitalization.
Medtronic Plc (MDT) is up more than +4% after reporting Q4 revenue of $9.81 billion, above the consensus of $9.64 billion.
IREN Ltd (IREN) is up more than +3% after signing a transmission connection agreement to support a planned 800-megawatt data center campus in Bundey, South Australia.
Sherwin-Williams (SHW) is up more than +2% after the company and Nippon Paint abandoned efforts to jointly acquire Akzo Nobel.
Earnings Reports(6/3/2026)
Broadcom Inc (AVGO), CrowdStrike Holdings Inc (CRWD), Five Below Inc (FIVE), Macy's Inc (M), Medtronic PLC (MDT), Ollie's Bargain Outlet Holding (OLLI), PVH Corp (PVH), Thor Industries Inc (THO), Veeva Systems Inc (VEEV).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Pressured as Middle East Flare-Ups Boost Crude Oil

(RTTNews) - GameStop Corp. (GME) released earnings for its first quarter that Increases, from last year
The company's bottom line totaled $389.6 million, or $0.66 per share. This compares with $44.8 million, or $0.09 per share, last year.
Excluding items, GameStop Corp. reported adjusted earnings of $179.3 million or $0.30 per share for the period.
The company's revenue for the period rose 14.0% to $835.3 million from $732.4 million last year.
GameStop Corp. earnings at a glance (GAAP) :
-Earnings: $389.6 Mln. vs. $44.8 Mln. last year. -EPS: $0.66 vs. $0.09 last year. -Revenue: $835.3 Mln vs. $732.4 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

GameStop Corp. Q1 Profit Advances

Key Points
Roblox continues to deliver high double-digit revenue growth powered by a massive global user base of over 111 million daily active users.
GameStop has pivoted toward consistent profitability through strict cost controls and a exceptionally liquid balance sheet.
Which gaming-related investment is the better fit for your portfolio in 2026?
Roblox (NYSE:RBLX) and GameStop (NYSE:GME) offer two distinct paths for investors looking to gain exposure to the gaming market in 2026. One is a high-growth digital platform, while the other is a legacy retailer focusing on profitability.
Roblox operates a massive virtual sandbox where users build their own games, attracting high engagement across a global community. GameStop remains a leading physical retailer of consoles and collectibles but faces a shifting landscape of digital downloads. This comparison explores which stock better suits your investment strategy today.
The case for Roblox
Roblox generates revenue primarily by selling Robux, a virtual currency used by players to enhance their experience on its creation platform. The company is highly dependent on third-party application stores to reach its users. For instance, roughly 29% of its revenue comes from the Apple App Store and nearly 15% from the Google Play Store. Customer concentration like this adds a layer of risk to the business.
Revenue within the tech stocks landscape reached nearly $4.9 billion in its 2025 fiscal year, which reflects growth of approximately 35.8% over the previous year. Despite this top-line expansion, the company reported a net loss of close to $1.1 billion. Its net margin, which is the percentage of revenue remaining after all expenses are paid, was roughly -21.8%.
As of its December 2025 balance sheet, the debt-to-equity ratio is roughly 4.1x, meaning total debt is over four times shareholder equity. Its current ratio is approximately 1.0x, indicating short-term assets just cover immediate liabilities. Free cash flow was nearly $1.4 billion, though stock-based compensation represented roughly 62.8% of operating cash flow, inflating reported cash generation as a non-cash add-back.
The case for GameStop
GameStop operates as a specialty retailer selling video game hardware, software, and collectibles through more than 3,200 stores. The company has focused on optimizing its physical footprint and expanding its presence in the collectibles market, such as trading cards. It does not disclose any major customer concentration exceeding 10% of its revenue in SEC filings, suggesting a broad retail customer base.
During its 2025 fiscal year, revenue was $3.6 billion, representing a decline of about 5.1% compared to the prior year. Despite the lower sales volume, the company reported net income of $418.4 million. This resulted in a net margin of approximately 11.5%, a substantial improvement from its performance in previous fiscal years.
As of its January 2026 balance sheet, the debt-to-equity ratio is roughly 0.8x, showing that total debt is well below the value of shareholder equity. The current ratio stands at a very high 15.3x, indicating the company has significant liquid assets to meet its short-term obligations. Free cash flow, which is cash from operations minus capital expenditures, was close to $597.3 million.
Risk profile comparison
Roblox faces significant regulatory pressure regarding child safety and online content moderation under laws like the U.K. Online Safety Act. The company also relies heavily on third-party hardware and platform providers, including Apple and Google parent Alphabet. Any changes to the fees or policies of these providers could directly harm the company's ability to monetize its platform.
GameStop is navigating a secular shift toward digital game downloads, which threatens its core business of selling physical software. Its performance is also tied to console cycles from manufacturers including Microsoft, making it sensitive to hardware availability. Additionally, intense competition from mass merchants such as Amazon continues to pressure its retail market share.
Valuation comparison
GameStop appears to be the more conservatively valued option based on its positive earnings and lower sales multiple compared to the growth-oriented Roblox.
Forward P/E
n/a
20.2x
40.4x
P/S ratio
6.8x
2.7x
Sector benchmark uses the SPDR XLK sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?
Veteran gaming retailer GameStop and digital gaming platform Roblox offer investors exposure to the video game market, but the two illustrate strikingly opposite views of where the industry is going. When video games were solely available as physical discs, GameStop was a leader. But with the rising popularity of digital game downloads, GameStop’s business is in decline, as demonstrated by the year-over-year drop in its sales.
As a result, GameStop is seeking to reinvent its business. It made headlines recently when it proposed to acquire e-commerce giant eBay for $125 per share. eBay rejected the offer, but GameStop is not giving up yet.
Roblox’s rapid revenue growth demonstrates its business is doing well. However, its stock took a hit, reaching a 52-week low of $40.15 on May 13, after the company cut its 2026 sales forecast. Roblox noted headwinds related to the child safety restrictions it implemented this year.
Personally, I would never have invested in Roblox before these new child safety features were released. That’s because the platform was so dangerous for youngsters, that municipalities sued the company for endangering and exploiting children.
Now, Roblox is clearly the superior gaming stock to invest in over GameStop. Roblox is taking responsibility for creating a safe environment and its revenue is likely to recover over time given its ongoing sales growth. GameStop, however, doesn’t have a clear strategy for long-term business expansion, and its core retail operations are headed for continued decline over time.
Should you buy stock in Roblox right now?
Before you buy stock in Roblox, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Roblox wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $477,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,320,088!*
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Robert Izquierdo has positions in Alphabet, Amazon, Apple, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, Roblox, and eBay. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Roblox vs. GameStop: Which Gaming Stock Is a Better Buy in 2026?

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Avis Budget Group Inc (Symbol: CAR), where a total of 20,623 contracts have traded so far, representing approximately 2.1 million underlying shares. That amounts to about 112.1% of CAR's average daily trading volume over the past month of 1.8 million shares. Particularly high volume was seen for the $200 strike call option expiring May 29, 2026, with 1,867 contracts trading so far today, representing approximately 186,700 underlying shares of CAR. Below is a chart showing CAR's trailing twelve month trading history, with the $200 strike highlighted in orange:
GameStop Corp (Symbol: GME) saw options trading volume of 110,203 contracts, representing approximately 11.0 million underlying shares or approximately 110.4% of GME's average daily trading volume over the past month, of 10.0 million shares. Particularly high volume was seen for the $30 strike call option expiring September 17, 2027, with 15,011 contracts trading so far today, representing approximately 1.5 million underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $30 strike highlighted in orange:
And Newmont Corp (Symbol: NEM) saw options trading volume of 74,166 contracts, representing approximately 7.4 million underlying shares or approximately 106.9% of NEM's average daily trading volume over the past month, of 6.9 million shares. Especially high volume was seen for the $50 strike call option expiring June 18, 2026, with 27,003 contracts trading so far today, representing approximately 2.7 million underlying shares of NEM. Below is a chart showing NEM's trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for CAR options, GME options, or NEM options, visit StockOptionsChannel.com.
Further CAR Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Tuesday Option Activity: CAR, GME, NEM

Key Points
Last week, GameStop offered to buy eBay for $125 per share.
There is significant uncertainty over whether GameStop can actually afford the $55.5 billion purchase price it is offering.
eBay shares could stay elevated for now, as a more credible buyer could emerge to meet or beat GameStop's non-binding offer.
GameStop's (NYSE: GME) meme stock glory days have long since passed. However, CEO Ryan Cohen has a new bold plan to turn the video game retailer into one of the top e-commerce companies.
With the company's bid to acquire online marketplace eBay (NASDAQ: EBAY), Cohen could be setting himself up for a large payday, and not necessarily from growth in GameStop's share price.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
However, even if GameStop's offer, which Wall Street has already dismissed as "questionable," never leads to a completed deal -- eBay stock could continue to benefit from the offer. Why? It may well put the company "into play," given the potential upside that the bidder sees from reducing eBay's operating costs.
A lack of confidence in GameStop's offer
On May 3, GameStop submitted a non-binding letter to eBay, proposing to acquire it for $125 per share in cash and stock. At that price, based on eBay's outstanding share count, GameStop would have to pay nearly $55.5 billion to acquire this large, profitable company.
That may sound far-fetched at first, given that GameStop's market cap is just $10.9 billion, but public companies have successfully acquired larger targets than themselves before. Then again, there is a good reason why skepticism runs high regarding this proposed deal. For one, Cohen has indicated that the plan is to pay for eBay half in cash and half in GameStop stock.
It's unclear whether eBay shareholders will accept a deal in which half the consideration comes in the form of a highly volatile stock. Also, while GameStop has said that it has a $20 billion financing commitment from TD Bank, said commitment requires the combined company to maintain an investment-grade credit rating.
This may prove difficult, given just how much debt the combined company would have on its books post-merger. Still, despite the skepticism, eBay shares have rallied slightly since deal rumors first emerged on May 1.
Takeover talk could keep shares elevated, for now
As GameStop's CEO, Cohen could earn as much as $35 billion in performance-based stock options, making him one of the highest-paid CEOs ever. All that would be required for that to happen is for GameStop's market cap and annual EBITDA to hit $100 billion and $10 billion, respectively.
As Cohen is free to increase the share count to achieve this goal, making big acquisitions could pave an easy path for him to get there. That said, there could be another way for GameStop, Cohen, and eBay shareholders to all "win." Before making its bid, GameStop acquired a 5% "economic stake" in eBay.
If other potential buyers emerge and make higher or more credible bids, GameStop, and in turn GameStop shareholders like Cohen, could profit from selling that stake. Moreover, a central point of the proposal is that GameStop believes it could cut eBay's annual operating costs by $2 billion within a year of taking it over. If that assertion inspires other bidders to run the numbers themselves, it could lead to large private equity firms like Apollo or Blackstone getting interested in taking eBay private.
Still, I'd tread carefully here. While eBay didn't zoom "to the moon" on the GameStop offer, if it walks back its bid and other buyers fail to show up, shares could still experience a sharp pullback, given that their latest gains have come primarily from takeover speculation.
Should you buy stock in eBay right now?
Before you buy stock in eBay, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and eBay wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $460,826!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,345,285!*
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*Stock Advisor returns as of May 12, 2026.
Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Blackstone and eBay. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.