GameStop (GME) and AMC (AMC) climbed into green territory on Tuesday after opening lower, as the overall ‘meme’ stock group has slumped recently. GameStop shares closed 8% higher while AMC gained more than 5%. “We call them meme stocks but in essence there’s another name for them and that’s story stocks,” Market Strategist Michael Antonelli told Yahoo Finance Live., “Story stocks are usually high fast growers, high flyers, that benefit from flows and cheap money,” he said. “These story… Source link
Read More »AMC & GME are Not the Only Reddit Penny Stocks to Buy According to Top Wall Street Analysts
If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat (NASDAQ: BYND) or bankrupt car rental companies like Hertz (OTC: HTZGQ), Redditors are going… Source link
Read More »'We should see the GME short squeeze continuing': S3 Partners – Yahoo Finance
Bloomberg China Producer Prices Jump, Adding to Global Inflation Risks (Bloomberg) — China’s producer prices rose at the fastest pace in more than two years in February, joining more expensive oil, computer chip shortages and soaring shipping costs as tailwinds for global inflation pressures.The Chinese producer price index rose 1.7% from a year earlier, official data showed Wednesday, stronger than economists’ forecasts for a 1.5% increase and up from 0.3% in January. Consumer prices… Source link
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