Tag Archives: mania

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

(Bloomberg) — Vinco Ventures Inc. and Support.com Inc. surged, and are on track to extend rallies fueled by retail investors in chatrooms like StockTwits and on Reddit. The pair of stocks jumped more than 50% each when the market opened in New York, extending gains from last week, when Vinco Ventures more than doubled and Support.com almost tripled. The rallies came as individual investors attempted to pump their bets on Twitter, Reddit’s WallStreetBets and chatrooms on… Source link

AMC’s stock close to doubled on Wednesday amid a flurry of interest in the stock from day traders and other amateur investors. Photo: Mandel Ngan/AFP via Getty Images The recent revival of investor interest in so-called “meme stocks” like US cinema chain AMC (AMC) and retro smartphone maker BlackBerry (BB) may already be over, according to analysis of retail trading flows. Vanda Research said on Friday that its proprietary tools tracking retail investor flows in the US and UK suggested… Source link

This journalist remembers chatting on a number of occasions with Mark Tritton when he was the whiz kid behind Target’s merchandising revival from 2016 to 2019.  Tritton — serving as Target’s chief merchandising officer — was level-headed, decisive, creatively-focused and believed he could bring the cheap chic cool factor back to the discount retailer. He achieved his mission (Tritton remains a big reason why it’s fun to shop at Target), and Target’s bottom line continues to benefit from… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 20, 2021 The single-family housing market is under pressure. Will it be the next market to crack?  Over the course of the last year, we’ve seen a series of market fads come and go.  On Wednesday, cryptocurrencies were just the latest buzzy asset class to see a swift reversal in market sentiment (followed by a reversal of that… Source link

(Bloomberg) — The day-trading Reddit crowd turned the first quarter of 2021 into one of the wildest periods of stock market mania in modern history. Books — plural — will undoubtedly be dedicated to the topic in years to come. But after these small-time speculators banded together to drive up dozens of obscure stocks by hundreds or even thousands of percent — and in the process burned a few hedge-fund barons betting on declines — the movement appears to be petering out. An index that… Source link

By Samuel Shen and Alun John SHANGHAI/HONG KONG (Reuters) – Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector. From large listed companies tapping public markets to smaller players raising funds from venture capitalists, a jump in cryptocurrency prices and signs of growing acceptance of the technology by mainstream institutions have fed the market boom. Chinese bitcoin mining machine… Source link

TipRanks Time to Turn Bullish on These 2 Oil Stocks, Says Raymond James We are entering a new paradigm for the oil and gas industry, one far removed from the Trump Presidency’s pro-drilling policies. The Biden Admin is likely to cut back on oil and gas production in the US, in favor of promoting renewable energy sources and carbon pollution reduction. In the short run, his policies are likely to push oil and gas prices up – and that may turn out to help the hydrocarbon sector, at least at… Source link

The Canadian Press The Latest: New Mexico reports 752 new cases, 17 deaths SANTA FE, N.M. — New Mexico reported 752 additional known COVID-19 cases and 17 deaths on Saturday, increasing the state’s pandemic totals to 173,539 cases and 3,265 deaths. The number of infections is thought to be far higher than reported because many people have not been tested, and studies suggest people can be infected with the virus without feeling sick. The counties with the most additional cases were… Source link

TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he spoke after the meeting, and pointed out that unemployment, which has been rising in recent months. For market watchers seeking support, there is solace in the Fed’s monetary… Source link