Yahoo News

The meme stock army is showing its support for the OG of the 2021 retail trading movement — GameStop (GME) — ahead of the company’s earnings on Wednesday evening. Shares of GameStop rose as much as 6% to $292 in afternoon trading on Tuesday as fast-money traders positioned themselves prior to the earnings release. GameStop was among the top five most commented stocks on social media, according to data from social monitoring service HypeEquity. Talk on social media of call options on… Source link

Kevin Durant and the Brooklyn Nets absolutely walloped the Milwaukee Bucks on Monday night, but the afterglow of that win didn’t last long for Durant. On Tuesday morning he saw something that annoyed him so much that he had to tweet about it.  What he saw appears to be a clip from ESPN’s morning show, “Get Up,” in which Jay Williams tells a story about Durant being upset that Williams compared him to Giannis Antetokounmpo. Apparently Durant was so angry that he confronted Williams about it… Source link

We have a little bit of everything in this week’s article, with a pair of superstars, a few significant players and one option for a smaller move. Smart managers should to continue working every angle on the trade market, as they never know where the next great deal will come from. Players to acquire Mookie Betts (OF, Los Angeles Dodgers) I always look for windows to acquire superstars for a reasonable return, and such a window may exist for Betts right now. The Dodgers sparkplug is off to a… Source link

Beloved burger and Frosty chain Wendy’s (WEN) has won the honor of being the first fast-food stock to get roped into the red-hot meme stock trade. Shares of Wendy’s spiked 16% in early afternoon trading on Tuesday after a favorable mention by traders on Reddit. The Wendy’s ticker page was the second most trafficked on the Yahoo Finance platform, behind other meme crowd favorite Clover Health (whose stock popped 55% out of nowhere). Wendy’s stock outperformed the slight decline in meme stock… Source link

The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead staying home trading Bitcoin and other cryptocurrencies.  “They’re pulling back on the hours they’re looking to work based on what’s… Source link

The Washington Football Team is sending first day vibes the only way the younger generation knows how: a chalkboard sign.  The team opened its third phase of organized team activities (OTAs) on Tuesday with players in town for meetings and workouts. The social media team honored the milestone by having the players share the standard preschool introduction: year, teacher, height and friendships. Terry McLaurin and the young ones are into it. Ryan Fitzpatrick is not.   Fitzpatrick takes the… Source link

(Bloomberg) — AMC Entertainment Holdings Inc. rose for a second day and Wendy’s Co., the latest addition to the retail-trader frenzy, climbed to a record amid a broader rally in meme stocks. Shares of the theater chain rose as much as 10%, adding to Monday’s 15% gain and continuing what’s been a wild ride for investors. Wendy’s jumped as much as 19% to notch a record as the fast-food restaurant operator gained traction on social media, including several touts on Reddit’s… Source link

It’s Kevin Durant and everyone else in the race for NBA Finals MVP. Yes, the Finals haven’t even started yet. Heck, the conference finals haven’t even started yet. But Durant is now down to +150 at BetMGM after his Brooklyn Nets took a 2-0 lead over the Milwaukee Bucks on Tuesday night in their second-round playoff series. “Kevin Durant is the betting favorite to win NBA Finals MVP. BetMGM has received the most tickets and handle on Durant to win the award moving his odds from +700 to… Source link

The Green Bay Packers kicked off their full squad minicamp Tuesday without Aaron Rodgers, marking the first time in Rodgers’ 16-year NFL career that he is a holdout.  The star quarterback appears to have now skipped the entire Packers offseason program, as he had already failed to show up for all three phases of the franchise’s voluntary workout sessions (also a first in his career). Unless he inexplicably decides to show up in the middle of camp, the next mandatory reporting date for… Source link

Theranos founder Elizabeth Holmes exits Robert F. Peckham U.S. Courthouse with her attorneys after the first day of federal court hearings, in San Jose, California, U.S. May 4, 2021. REUTERS/Kate Munsch A battle over who ends up on the jury that decides the fate of former media darling and Silicon Valley entrepreneur, Elizabeth Holmes, is heating up in the months before her criminal trial is set to begin. In a motion filed Monday, federal prosecutors accuse Holmes’ of “gamesmanship” for… Source link