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What You Need To Know Now That Meme Stocks Are Back
Investopedia· 2024-05-15 07:50
The stock market is in the thick of another meme stock frenzy, sparked by Sunday night's online return of one of the key figures of the 2020 and 2021 craze that sent GameStop (GME) shares to record highs. GameStop has been one of the biggest winners of the frenzy this week, along with AMC Entertainment (AMC). Those and other meme stocks have shot higher following the online return Sunday of one of the prominent drivers of the earlier meme craze. Keith Gill, known by his online persona of "Roaring Kitty," p ...
Nasdaq Closes at New Record High; CPI on Deck
Zacks Investment Research· 2024-05-15 07:31
Tuesday, May 14th, 2024The Nasdaq closed at a new all-time high today. Gaining +122 points, +0.75%, brought the tech-heavy index up to 16,511 for the first time. It’s a record previously reached less than a month ago, but before that goes back to November 2021. The other major indices were positiver today, as well: the Dow grew +126 points, +0.32%, while the S&P 500 rose +0.48% and the small-cap Russell 2000 was +1.10%. Considering the challenges before the regular trading session, this demonstrates a bulli ...
Cramer warns against 'meme stock mania,' says to sell GameStop and AMC
CNBC· 2024-05-15 07:00
CNBC's Jim Cramer said investors should get out of stocks like GameStop and AMC, both of which saw huge rallies this week triggered by social media."When I see meme stock mania taking over again, led by GameStop and AMC, I need to remind you that this is irrational," he said. "There's no way these stocks should reach such elevated levels on their own."AMC and GameStop soared after "Roaring Kitty," the man who helped bring on 2021's enormous GameStop short squeeze, posted online for the first time in about t ...
When the Dust Settles, Cinemark Will Be a Better Bet Than AMC Stock
InvestorPlace· 2024-05-15 05:19
For the past two days, many eyes have been focused on the meme stock rally that has overtaken markets. Keith Gill, who is credited with helping start the GameStop (NYSE:GME) squeeze of 2021, decided to return to social media on May 12. Also known by the username Roaring Kitty, Gill posted a seemingly random hand-drawn meme which quickly sent retail traders into a frenzy. As a result, meme stocks are now surging this week.When GME rises, AMC Entertainment (NYSE:AMC) is usually close behind. In fact, AMC actu ...
Institutional vs. Retail Stocks: Understanding the Difference
Zacks Investment Research· 2024-05-15 04:11
Meme Mania ReturnsMeme mania has returned to Wall Street after internet personality “Roaring Kitty” tweeted for the first time earlier this week and drove them higher. As momentum investors looked to cash in on the hype, GameStop ((GME) and other meme stocks have more than doubled on the week before paring gains dramatically on Tuesday. Thus far this week, the retail investor has owned the day. In fact, beaten-down penny stock AMC ((AMC) traded more shares than the S&P 500 Index ETF ((SPY) yesterday!Having ...
Dave Portnoy Buys $250K GameStop Stock, $250K AMC Stock: 'I Wish I Bought More' - GameStop (NYSE:GME)
Benzinga· 2024-05-15 03:32
Loading...Loading...Barstool Sports founder and stock trader Dave Portnoy is back on meme stocks again with an investment in GameStop Corporation GME and AMC Entertainment Holdings AMC as shares rally and see increased interest.What Happened: Similar to a rally in the price of GameStop and AMC as high short interest stocks in 2021, the stocks have returned with a vengeance in May 2024 and Portnoy is ready.Portnoy shared in a series of videos his return to meme stocks and his commentary on the return of Roar ...
GameStop, AMC attracting a fraction of retail trader interest seen during 2021's meme mania
CNBC· 2024-05-15 02:24
SELINSGROVE, PENNSYLVANIA, UNITED STATES - 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers.GameStop and AMC are seeing big buying from mom-and-pop investors, but the purchases pale in comparison to the meme stock explosion seen three years ago.The video game seller and movie theater chain saw more than $15.8 million and $37.5 milli ...
PPI Shows Higher Wholesale Inflation; Meme Stocks Rule (Again)
Zacks Investment Research· 2024-05-14 23:30
文章核心观点 - 生产者价格指数(PPI)在4月份的增长超出了预期,这可能对未来的通胀和利率产生影响,同时也对股市和债券市场造成了波动[1][2][3] 生产者价格指数(PPI)数据 - 4月份的PPI月度环比增长达到+0.5%,高于预期的+0.3%,并且远超前一个月向下修正的-0.1%[1] - 年度同比PPI增长为+2.2%,这是自去年以来的最高点,比3月份向下修正的+1.8%高出40个基点[2] - 核心PPI(剔除食品和天然气成本)月度环比也达到+0.5%,远高于预期的+0.2%,年度同比则下降了40个基点至+2.4%[3] - 剔除食品、能源和贸易的PPI月度环比增长为+0.4%,年度同比达到+3.1%,这是自去年以来的最高点,并且比预期高出30个基点[3] 市场反应 - 在PPI报告发布后,所有主要指数都跌入红色区域,尽管道琼斯指数在短时间内从+72点跌至-55点,但目前又回升至+45点,而标普500和纳斯达克指数仍略低[5] - 10年期和2年期债券收益率因消息而上升,目前10年期超过+4.5%,2年期接近+4.9%[6] 未来预期 - 明天的消费者价格指数(CPI)报告将是本周最重要的,预计CPI月度环比将上升至+0.4%,年度同比下降至+3.4%,核心CPI预计月度环比为+0.3%,年度同比为+3.6%(比3月份低20个基点)[7] 其他市场动态 - 模因股票如Gamestop(GME)和AMC(AMC)今天上午分别上涨了惊人的+120%和+107%,而SunPower(SPWR)在今天开盘前股价上涨了+155%,尽管该公司连续三个季度发布了负面财报[8]
GameStop, AMC shares spike over 100% as ‘Roaring Kitty' return reignites meme stock rally
New York Post· 2024-05-14 22:50
Shares of GameStop and AMC each soared by more than 100% in early trading Tuesday as the surprise return of the retail day trader known as “Roaring Kitty” sparked a flurry of meme stock activity for the second straight day.GameStop spiked as much as 113% in early trading and was still up about 64% shortly after the market opened. That pushed the beleaguered video game retailer’s stock price up to nearly $50 per share – a once-unthinkable number given the company’s recent financial performance. 5 “Roaring ...
Top Meme Stocks To Buy Today? 2 To Know
Stockmarketcom· 2024-05-14 21:58
The stock market includes a phenomenon known as “meme stocks”. These are shares of companies that gain popularity through social media and internet forums. These stocks often see rapid price increases driven more by viral attention and speculative trading than by the company’s fundamentals. Commonly discussed on platforms like Reddit, these stocks can become the center of trading frenzies.Investing in meme stocks offers the potential for substantial gains in a very short period due to their volatile nature. ...