Tag Archives: Stock

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

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

– By GF Value The stock of Yandex NV (NAS:YNDX, 30-year Financials) is believed to be modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its… Source link

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

(Bloomberg) — For Biogen Inc., the Food and Drug Administration’s expected decision Monday on its Alzheimer’s drug is what a JPMorgan Chase & Co. analyst called “the mother of all binary events” — one that could send its shares veering sharply in either direction. If regulators give the company approval to market the drug, called aducanumab, the stock could surge to as much to $450, according to Wall Street analysts. Or it could tumble to $200 if the treatment is shot down,… 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

Stock futures opened slightly higher Thursday evening, ticking up as investors awaited a key print on the U.S. labor market. Contracts on each of the S&P 500, Dow and Nasdaq rose after declining during the regular trading day.  Traders are awaiting the May jobs report out Friday morning, which will offer another look at the strength of the labor market recovery and whether the economy has recovered enough to warrant a pivot in monetary policy stance from the Federal Reserve. Consensus… Source link

Love it or hate it, the Meme Market is back, and Wall Street strategists say it can’t be ignored. While shares of AMC Entertainment (AMC) are having a volatile Thursday, the social-media-fueled trading frenzy has pushed shares of AMC up nearly 3,000% this year, giving the money-losing movie theater chain a market value of more than $30 billion. AMC is not alone. Shares of Bed, Bath & Beyond (BBBY), Express (EXPR), and BlackBerry (BB) are all up this year. It’s reminiscent of the… 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

Wall Street pros continue to come out in force to remind retail traders of going all in right now on meme stock favorite AMC Entertainment (AMC).  Macquarie analyst Chad Beynon and his team reiterated their $6 price target (the cost of one ticket at an AMC theater is about $14) and Neutral rating on AMC in early afternoon trading Thursday. While the group commended AMC CEO Adam Aron for his embrace of the enthusiastic retail trading community and voiced optimism on a box office recovery… Source link