Potential Short Squeeze: GAME SMMT APLD WKHS WOOF GME

Insider Financial covers the small caps on our radar for Tuesday.

Stocks covered in this video include SPY, QQQ, DIA, IWM, TLT, GAME, ORCL, WOOF, GME, SMMT, APLD, and WKHS.

Video Summary

GAME profile highlights:

Management expects over $100 million in annual revenue and annual gross margin to range between 22.5% to 27.5% for 2024

FaZe Media, a GameSquare Company, Announces New Multi-Year, Multi-Million Dollar Sponsorship and Licensing Deal with G Fuel

GAME just joined the Russell Microcap This Summer

GameSquare Holdings Reports Record 2024 Second Quarter Results

GameSquare's largest investors are Dallas Cowboys owner Jerry Jones and the Goff family

Oracle shares rose 5.9% in extended trading on Monday as the IT giant reported stronger-than-expected first-quarter results and new partnerships with AmazonWeb Services and Google Cloud.

Tomorrow Gamestop and WOOF earnings.

Overall markets go a bounce ahead of Wednesday’s CPI data. Economists expect the core inflation rate to be up 0.2% month-over-month and 3.2% year-over-year.

Thursday 8:30 am The August PPI report will be released. Economists expect core PPI to be up 0.2% month-over-month.

In terms of my positioning, I am neutral right now. I am in a holding pattern on the overall market. On many stocks, we are right between support and resistance. Could go either way and I don’t like these setups. Best off not doing anything.

Lastly, the short squeeze names on my scanner are starting to pop off.

SMMT 20% float short.

APLD 16% float short.

WKHS 19% float short

Bottom Line

As we keep saying, there are always opportunities in the markets, and it’s our job to find winning stocks to trade. Huge gains can be made in such a short amount of time.

It’s essential to look for stocks that have yet to run. There are plenty of opportunities, and we look at hundreds of stocks weekly for our subscribers.

Remember, all it takes is one or two to become a winner, and you’ve crushed the market indices (and Jim Cramer) for the year.

Good luck to all (except the shorts and Cramer)!

WHEN INSIDER FINANCIAL HAS A NEW COMPANY TO RESEARCH, IT IS IMPORTANT TO PAY ATTENTION. AFTER ALL, OUR FREE NEWSLETTER PROFILED MANY TRIPLE-DIGIT WINNERS FOR SUBSCRIBERS. WE ALWAYS ARE LOOKING FOR MOMENTUM BEFORE IT HAPPENS!

Disclosure: WE HAVE BEEN COMPENSATED A FEE OF SEVEN THOUSAND FIVE HUNDRED USD BY A THIRD PARTY, SICA MEDIA, LLC FOR A ONE DAY GAME AWARENESS CAMPAIGN. Insider Financial is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.