In This Article:
Morning Brief co-hosts Seana Smith and Brad Smith break down the top trending tickers on Yahoo Finance on Monday morning.
Big Lots (BIG) has officially filed for Chapter 11 bankruptcy, citing high inflation and interest rates as factors that have had a negative impact on the business. Alongside the bankruptcy filing, the company has entered into a sale agreement with investor Nexus Capital Management.
Meanwhile, GameStop (GME) is set to release its second-quarter results on Tuesday after the market close. This comes on the heels of a recent social media post from Keith Gill, which sent meme stocks, including GameStop (GME), AMC (AMC), and Chewy (CHWY), on the move last week. However, Wedbush analysts are bearish on the video game retailer, noting the stock is trading at levels that "ignore the company's many challenges ahead."
Finally, shares of Trump Media (DJT) are trading higher ahead of the presidential debate between from President Donald Trump and Vice President Kamala Harris on Tuesday.
At the time of this video's posting, GameStop and AMC shares have since moved into positive territory in Monday's trading session.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Angel Smith