Tag Archives: Reddit

Bloomberg An EV Company With Almost No Revenue Gains 3,000% in 8 Months — Topping Tesla’s Rally (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s… Source link

The Canadian Press Every vaccine maker was asked to make their doses in Canada and all said no: Anand OTTAWA — Every COVID-19 vaccine maker Canada signed a contract with last summer was asked if they could make the doses in Canada and all of them concluded they could not, Procurement Minister Anita Anand said Thursday. Anand told the House of Commons industry committee that her department “proactively and repeatedly approached leading vaccine manufacturers” about the matter. “We took this… Source link

Price of silver rose by more than10% on Monday. Photo: Leonhard Foeger/Reuters The price of silver (SI=F) rocketed more than 10% to its highest since February 2013 on Monday, briefly trading over the $30 (£ ) per ounce mark, as retail investors piled in on the commodity. It became the latest target after a retail frenzy last week saw the likes of heavily-shorted GameStop (GME) and AMC Entertainment (AMC) surge in revolt to large institutional investors. Recently amateur traders have been… Source link

TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link

TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link

TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link

What happened this week with GameStop (GME), Reddit and Robinhood was shocking, unprecedented and unforeseen. Lost in the flurry though is that the craziness is very much a part of some elephant-in-the-room trends in this country. I’ll explain what I mean in a moment, but first let me give you the bare bones of the story which includes everyone from Elon Musk to Congresswoman Alexandria Ocasio-Cortez, as well as hedge fund titans and the New York Mets. Here’s the precis: Over the past… Source link

People enter a GameStop store in Alhambra, California on January 27, 2021. Photo: FREDERIC J. BROWN/AFP via Getty Images European stock markets opened lower on Thursday, as a sell-off on Wall Street overnight prompted weakness in equity markets globally. The Dow Jones (^DJI) closed down 2% on Wednesday, its biggest one-day fall since October. The slump came after a downbeat assessment of the economy from the US Federal Reserve and amid a highly unusual battle between retail investors and hedge… Source link

The chatter about video game retailer GameStop (GME) and traders on Reddit has been bubbling over the past week and finally spilled over from the finance world to the mainstream. Here’s what’s happening: What or who is ‘WallStreetBets’? WallStreetBets is actually “r/wallstreetbets” and it’s a forum or “subreddit” on the popular website Reddit, which is a social platform and discussion group that also rates web content. Essentially, it’s a group of people who enjoy talking… Source link

Over the past few weeks the market has been treated to some fireworks thanks to Reddit’s r/wallstreetbets forum. A few stocks have “mooned,” the internet term for a big surge. Among them: Video game retailer GameStop (GME) is up 750% year-to-date, BlackBerry (BB) 179%, mall retailer Express (EXPR) 346%, real estate investment trust Mac (MAC) 98%, and Nokia (NOK) 25%. These stocks have been discussed and promoted on the popular Reddit message board, which started stirring up the investing… Source link