Author Archives: Scalper1

GameStop weakness exposed by retail sales report

The consumer shift from packaged video game sales to digital downloads is putting the hurt on specialty retailer GameStop (GME). GameStop shares were down 15% to below 38 in afternoon trading on the stock market today. The tumble followed a report late Thursday by the NPD Group on October retail sales of video games in the U.S. The NPD report showed that game software sales at retail fell 3% year over year last month to $338 million, despite the

Vipshop Collapses On Cut In Q3 Revenue Guidance

Chinese online-discount retailer Vipshop Holdings (VIPS) stock crumbled on Friday after the company lowered its revenue guidance for Q3, saying that “warmer-than-expected fall weather” had cut into sales as customers put off buying higher-priced winter clothes. Vipshop said that it expects revenue of RMB 8.6 billion ($1.35 billion) to RMB 8.7 billion ($1.36 billion), up 62% year over year at the midpoint. Vipshop had originally forecast revenue of

XLK, JPMV: Big ETF Inflows

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Technology Select Sector SPDR Fund ( XLK ), which added 4,150,000 units, or a 1.4% increase