Tag Archives: meme

Hat tip to you, Bank of America analyst Curtis Nagle for adhering to some very basic principles of investing, which still matter even though meme stock traders couldn’t care less about valuation methodologies, free cash flow outlooks or margin structures.  After seeing Bed Bath & Beyond (BBY) shares explode 62% on June 2, Nagle said in a research note on Friday that it’s time for him step back from the volatile stock.  “This [move in the stock] comes in the context of no significant updates… 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

The Meme Market is back with a vengeance.  And AMC (AMC) is playing a different game the second time around.  On Thursday morning, the company filed to sell up to an additional 11.5 million shares as its stock price continues a monster run higher.  On Wednesday alone AMC shares rose 95% and in pre-market trading on Thursday the stock was at one point up another 20%.  But this does not mark the company’s first effort to capitalize on recent volatility.  Earlier this week AMC raised $230… 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, June 3, 2021 AMC shares double on Wednesday When the market moves at the speed of AMC (AMC) it can be hard to keep up.  But all we can tell readers for sure is that the Meme Market is back.  On Wednesday alone, AMC shares nearly doubled, rising 95% to close at a record $62.55. AMC’s market cap is now just north of $28 billion. Since the… Source link

The New York Times Prosecutors Investigating Whether Ukrainians Meddled in 2020 Election Federal prosecutors in Brooklyn have been investigating whether several Ukrainian officials helped orchestrate a wide-ranging plan to meddle in the 2020 presidential campaign, including using Rudy Giuliani to spread their misleading claims about President Joe Biden and tilt the election in Donald Trump’s favor, according to people with knowledge of the matter. The criminal investigation, which began… Source link

TipRanks 2 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ Dividend stocks are always popular. They offer investors a clear path to returns, with regular cash payments and a yield – a return on the original investment – that usually far exceeds bond yields. But not all dividend stocks are created equal, and some offer better opportunities than others. Dividend yield is a key metric. Among S&P listed companies the average yield is only 2%. However, the highest yields… Source link

Dogecoin (CYRPTO: DOGE), often branded as a meme coin, saw a meteoric rise last week, hitting a high of 43.77 cents Friday before giving back some of the gains over the weekend. Its rising popularity, thanks in part to the unstinted support of Tesla Inc.’s (NASDAQ: TSLA) Elon Musk, is pushing the cryptocurrency into the mainstream. Doge’s Heady Gains: At its all-high Friday, the cryptocurrency had tacked on a gain of over 9,200% for the year-to-date period. Doge ended 2020 at 0.47 cents and… 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

The mammoth cargo ship marooned in a busy maritime thoroughfare has spawned lots of viral memes, but has the potential to inflict damage on a global economy that’s still recovering from the shock of the COVID-19 pandemic. The improbable crisis in the Suez Canal — a major chokepoint for consumer goods and natural gas shipments — involves the 430-yard long Ever Given, and is now entering its fourth day. The Japanese firm that owns the ship is working frantically with Egyptian authorities… Source link