Happy Wednesday Zingernation! Have you noticed that as we move into the future (humanoids, AI, and magic weight-loss drugs) it feels like fashion is actually moving backward? According to Future Market Insights, the second-hand clothing market is estimated to exceed $125 billion by 2034.

The clear winners of this trend: Depop, eBay, local thrift stores… and my mom. She hasn’t thrown away a single piece of clothing since 1982. Marty McFly wanted to go to the future, but I want to time travel to the past for his puffy red vest and vintage Nikes. The movie may have been wrong about the world having flying cars by now, but at least we have Tap to Pay, right?

Also, looking to learn more about AI’s influence on your options trades? Today’s partner can show you, for free. Click here to check it out. 

And, crypto is so back. Billions of dollars are flowing into the new Bitcoin ETFs, driving prices to near all-time highs. Join thousands of engaged readers of Future Finance - our FREE digital assets newsletter.

MARKET SNAPSHOT

Yesterday: Stocks took a little breather yesterday with all major indices closing in the red. Tech was the lagging sector of the day, with NVIDIA closing down more than 2%.

On Our Radar: Carnival Cruise Line and Cintas reported before the open. After the close, we’ll hear from Rumble, Playboy, and more. Fed governor Christopher Waller will also speak at 6 PM ET.

TOP STORY

GameStop Q4 Earnings Highlights

Briefly: GameStop reported fourth-quarter net sales of $1.794 billion, down from $2.226 billion year-over-year. The net sales total missed a Street consensus estimate of $2.05 billion, according to data from Benzinga Pro.

Zooming In: The company reported earnings per share of 22 cents for the fourth quarter, missing a Street estimate of 29 cents per share. Full fiscal year net sales were $5.273 billion, down from the prior year's total of $5.927 billion. GameStop ended the fourth quarter with $1.2 billion in cash. The company has no long-term debt outside of a loan related to the COVID-19 pandemic.

GME Price Action: GameStop shares traded down 17% to $12.89 in after-hours trading yesterday versus a 52-week trading range of $11.82 to $27.65.

Learn More: Check out the full breakdown here.  

PRESENTED BY VANTAGEPOINT

Let me tell you something, and you might want to sit down for this.

The real juice in trading?

It’s not in racking up wins but in dissecting your losses.

Now, most folks can’t stomach this. Why? Because their egos are too bloated to admit they goofed up.

But here’s the kicker: this is exactly where Artificial Intelligence takes the cake. You see, this brilliant tech marvel – is wired to learn from every stumble, every faceplant.

We’re living in a time that’s more than just exciting – it’s revolutionary. What hurts us teaches us.

Sure, mistakes can hit your wallet hard. But for AI, every error is a golden ticket to mastery, to excellence.

Remember, AI has already trounced humans in Poker, Chess, Jeopardy, Go – you name it.

So, why would trading be any different? Think about it. Why should trading be the exception?

FORECAST ANY STOCK IN A FREE CLASS TODAY

FIVE ZINGERS

COD Crack Down: Call of Duty banned nearly 30,000 players from the popular online video game after cracking down on cheating.

Bet On It: One analyst is betting on betting, arguing that the valuation is very attractive on Las Vegas Sands amid Macao’s recovery.

Slow And Steady: Usually stocks take the stairs up and the elevator down. But one expert says that interest rates will do the opposite.

Put It In Park: Tesla rolled out a new Autopark feature and customers are showing it off on social media.

Get Burned Or U-Turn? Will Boeing’s new management help steer a U-turn? Here’s what some of the top analysts are saying.

ONE FOR THE ROAD

Jim Cramer Is Worried About Lucid Following Fisker Stock Collapse

In Short: Fisker stock was delisted from the New York Stock Exchange yesterday, and Jim Cramer said another EV startup could suffer the same fate.

What’s Happening: In a regulatory filing released Monday, Fisker reported that the NYSE had notified the EV company that it would immediately suspend trading of its common stock due to “abnormally low” trading price levels and commence proceedings to delist its stock.

Downward Spiral: Fisker said the delisting notice will trigger requirements to offer to repurchase its convertible senior notes due 2025 and 2026. The company noted that it does not have sufficient cash or financing to repurchase the notes and warned that the delisting event could have a material adverse effect on its business.

Zooming Out: This news comes about a month after Fisker reported preliminary earnings results and issued a going concern warning. Recent reports also indicate that Fisker was exploring a potential sale of its business and had brought on restructuring advisers to help with a possible bankruptcy filing.

What Next: Read the full breakdown here.  

PRESENTED BY VANTAGEPOINT

Let me tell you something, and you might want to sit down for this.

The real juice in trading?

It’s not in racking up wins but in dissecting your losses.

Now, most folks can’t stomach this. Why? Because their egos are too bloated to admit they goofed up.

But here’s the kicker: this is exactly where Artificial Intelligence takes the cake. You see, this brilliant tech marvel – is wired to learn from every stumble, every faceplant.

We’re living in a time that’s more than just exciting – it’s revolutionary. What hurts us teaches us.

Sure, mistakes can hit your wallet hard. But for AI, every error is a golden ticket to mastery, to excellence.

Remember, AI has already trounced humans in Poker, Chess, Jeopardy, Go – you name it.

So, why would trading be any different? Think about it. Why should trading be the exception?

FORECAST ANY STOCK IN A FREE CLASS TODAY