Stock Shockers: Designer Brands And GameStop About To Make Your Portfolio Soar

Wall Street is bracing for a potentially volatile trading session on Wednesday, with U.S. stock futures trading lower. However, amidst the market uncertainty, several stocks are poised to grab investor attention, particularly those set to report quarterly earnings. Two notable companies that could make significant moves today are Designer Brands and GameStop.

Investors are eagerly awaiting the quarterly earnings report from Designer Brands Inc. (NYSE:DBI), which is expected to be released before the opening bell. According to Wall Street analysts, the company is projected to report earnings per share of $0.53 on revenue of $816.14 million. If the company delivers on these expectations, it could lead to a significant surge in its share price.

Indeed, Designer Brands shares have already started to move in after-hours trading, rising 3.2% to $6.00. This upward momentum could carry over into the regular trading session, particularly if the company's earnings report meets or exceeds analyst expectations. As a result, investors will be closely watching Designer Brands' quarterly earnings release to see if the company can sustain its recent momentum.

Another stock that could grab investor focus today is GameStop Corp. (NYSE:GME). The company recently reported a surprise profit, which could lead to increased investor interest in the stock. GameStop's surprise profit is a significant development, given the challenges the company has faced in recent years. If the company can build on this momentum, it could lead to a significant increase in its share price.

While the market is expected to be volatile today, stocks like Designer Brands and GameStop could provide a potential bright spot for investors. Both companies have the potential to deliver significant gains, particularly if their earnings reports meet or exceed analyst expectations. As a result, investors will be closely watching these stocks heading into Wednesday to see if they can capitalize on their momentum.

In addition to Designer Brands and GameStop, several other stocks could also make significant moves today. As the market continues to navigate its current challenges, these stocks could provide a potential source of gains for investors. With the market expected to be volatile, investors will need to be cautious and closely monitor their portfolios to make the most of any potential opportunities.

Overall, Wednesday is shaping up to be an important day for investors, with several stocks poised to make significant moves. Designer Brands and GameStop are two companies that could grab investor attention, particularly given their upcoming earnings reports. If these companies deliver on their expectations, it could lead to significant gains for investors.