After the first several weeks of trading in 2023, some early winners include Chinese stocks, short natural gas, short Treasury yields and long gold—as well as a slew of single-stocks that are already up by more than 20% this year.
Aside from the dramatic swings observed in their underlying shares of late, meme stocks are in the news because investors and traders will soon be able to access exposure to these companies via single-stock ETFs.
Winter may have arrived early in the cryptocurrency sector (aka crypto winter), but the summer trade in so-called “meme stocks” remains hot. In the wake of Q2 earnings season, some of the best-known meme stocks—including AMC Entertainment (AMC) and Bed Bath & Beyond (BBBY)—have spiked dramatically. This month alone, AMC is up over 60%, while shares in BBBY are … Continued
The rally in so-called “meme stocks” reignited in March, with GameStop (GME) spiking over 80% and AMC Entertainment (AMC) climbing nearly 50% during 10 crazy days of trading.
In 2021, a new niche emerged within the stock market, and this group of so-called “meme stocks” tends to be more sensitive to social media mentions, as opposed to traditional, business-related developments.
Digital World Acquisition Corp. (DWAC) took the markets by storm as the collision of Donald Trump, meme stocks and SPACs catalyzed strong interest in the underlying shares.
FOMO (the fear of missing out) has become a popular buzzword during the recent everything rally, but this psychological state of being doesn’t necessarily fit within systematic, disciplined trading/investing approaches.
Despite the tragic events of the pandemic, many fortunate households have struggled with only one issue: boredom. Working or studying from home, financially stable Americans baked sourdough, flocked to TikTok and hunted down new PlayStations or Xboxes. But people soon tired of Fortnite and Call of Duty. And with their wallets lined with stimulus cash, … Continued
The retail trading frenzy has transformed the risk and reward dynamic on Wall Street, but for how long is anyone’s guess. If the current market environment feels somewhat unique, there’s a reason for that: It is. Since the onset of the coronavirus crisis, risks in the financial markets have grown significantly, as have potential rewards. … Continued