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UK public sector borrowing sees second highest August on record FTSE rises
UK public sector borrowing sees second highest August on record FTSE rises

European stocks recovered some of yesterday's losses on Tuesday morning in London, as new data from the Office for National Statistics showed the UK's public sector borrowing had seen its second highest August on record.

pNetwork hacked - Over 12M USD worth of Bitcoin stolen!
pNetwork hacked - Over 12M USD worth of Bitcoin stolen!

Cross-chain DeFi platform pNetwork has been hacked on Binance Smart Chain to the tune of approximately $12.7 million worth of Bitcoin.

China's Evergrande is probably 'too big to fail': Market strategist
China's Evergrande is probably 'too big to fail': Market strategist

The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday.

Why Brent Johnson Santiago Capital CEO believe that Banks will Crash the Market
Why Brent Johnson Santiago Capital CEO believe that Banks will Crash the Market

Synopsis: Brent Johnson, CEO of Santiago Capital, is joined by Steven Van Metre of Steven Van Metre Financial to discuss the most pressing issues on the macro landscape. After exploring whether quantitative easing (QE) and low rates are inflationary or deflationary, Johnson and Van Metre take a deep dive into the plumbing of the Treasury market and specifically the operations of the Fed’s FOMC. Van Metre explains why he believes the Fed’s policies have actually caused banks to tighten their lending standards rather than loosen them as the Fed intended. The pair then take a look at swap lines and the Eurodollar funding market as well as the effect a credit contraction would have on the U.S. dollar. Lastly, Van Metre talks about his Real Vision journey and how the knowledge he’s gained has helped him as a financial advisor

Amazing : GameStop (GME) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, GameStop (GME) closed at $183.94, marking a +1.98% move from the previous day. This move outpaced the S&P 500's daily gain of 0.24%.


Coming into today, shares of the video game retailer had lost 13.91% in the past month. In that same time, the Retail-Wholesale sector gained 0.22%, while the S&P 500 gained 4.09%.

GME will be looking to display strength as it nears its next earnings release. On that day, GME is projected to report earnings of -$0.42 per share, which would represent year-over-year growth of 70%. Our most recent consensus estimate is calling for quarterly revenue of $1.12 billion, up 18.69% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.02 per share and revenue of $5.67 billion. These totals would mark changes of +100.93% and +11.4%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for GME. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 101.63% higher within the past month. GME is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note GME's current valuation metrics, including its Forward P/E ratio of 9018. This represents a premium compared to its industry's average Forward P/E of 13.29.

The Retail - Consumer Electronics industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 26% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.


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