Morning Brief co-hosts Seana Smith and Brad Smith analyze the major tickers on Yahoo Finance on Monday morning.
Big Lots (BIG) has officially filed for Chapter 11 bankruptcy, citing high inflation and high interest rates as reasons that have had a negative impact on the business. In addition to the bankruptcy filing, the company has signed a purchase agreement with investor Nexus Capital Management.
Meanwhile, GameStop (GME) is set to release its second-quarter earnings after the market closes on Tuesday. This follows a recent social media post from Keith Gill that sent meme stocks, including GameStop (GME), AMC (AMC) and Chewy (CHWY), into action last week. However, analysts at Wedbush are bearish on the video game retailer, pointing out that the stock is trading at levels that “ignore the company’s many upcoming challenges.”
Finally, Trump Media (DJT) shares are trading higher ahead of the presidential debate between President Donald Trump and Vice President Kamala Harris on Tuesday.
At the time of publication of this video, shares of GameStop and AMC were up during trading on Monday.
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This article was written by Angel Smith
