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July 30, 2021

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Robinhood says it cannot assure investors a meme mania won’t hit it again

CNBC
CNBC – For more and to sign up click here Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021. Brendan McDermid | Reuters Robinhood said Thursday that the first time Robinhood restricted trading on its......

Meme investors should heed ‘manic’ lesson of Fannie-Freddie collapse

NYPost
Charles Gasparino The collapse of Fannie Mae and Freddie Mac should serve as a cautionary tale to illogical investors looking to hop onto meme stocks like AMC Entertainment and Gamestop, Charles Gasparino writes. Source – For more click here To Return to the Main Aggregate News Page – click here......

No End to Whiplash in Meme Stocks, Crypto and More

New York Times
Drew Austin, an entrepreneur and investor, invested heavily in cryptocurrencies and NFTs, including digital horses, digital sports cards and some digital art. He took a “substantial liquidity hit” when cryptocurrency prices crashed in May, he said. But he is not cashing out, because he believes these new assets are the......

GameStop jumps 9% after the original meme stock cashes in again with $1 billion share sale

CNBC
CNBC – For more and to sign up click here A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit......

Former SEC chair on the market risks even meme stock traders can’t afford to ignore

CNBC
CNBC – For more and to sign up click here The Wall Street establishment and the Reddit, Robinhood-fueled meme stock traders don’t see eye to eye, on just about anything. In fact, rolling eyes at the stock market’s traditional ways is inherent in trades like GameStop and AMC Entertainment. Warnings......

Meme stocks a ‘false market’ but will cause a radical shift for cinema industry, hedge fund manager says

CNBC
CNBC – For more and to sign up click here The rise to prominence of so-called “meme stocks” — those favored by retail traders on forums such as Reddit — is creating “false markets” that should be actively avoided, according to Man Group CEO Luke Ellis. Meme stocks such as......

How SEC boss should deal with ‘meme’ stock schemes

NYPost
Charles Gasparino SEC boss Gary Gensler has his eye on regulating the “gamification” of meme-stocks like AMC and Gamestop, but there is an easier, simple way to stop wild speculations, Charles Gasparino writes. Source – For more click here To Return to the Main Aggregate News Page – click here......

Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big

CNBC
CNBC – For more and to sign up click here The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images The meme-stock mania created......

See Miranda Cosgrove Revive Her Drake & Josh Meme in iCarly Revival’s Opening Sequence – E! Online

eonline
Miranda Cosgrove is giving her fans an interesting treat in the iCarly revival’s opening. On Wednesday, June 9, Paramount+ released the opening theme footage from the show’s… E! Online – For more and to sign up click here To Return to the Main Aggregate News Page – click here...

Virtu Financial CEO says meme stock frenzy not solely driven by ‘a band of retail traders’

CNBC
CNBC – For more and to sign up click here The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot of institutions, professional traders, speculators, whatever you want to call......

Clean Energy Fuels stock soars more than 30% as retail traders pick new meme stocks

CNBC
CNBC – For more and to sign up click here Clean Energy Source: Clean Energy A new day means new targets for the retail trading crowd. Shares of Clean Energy Fuels surged 31.5% to close at $13.02 on Wednesday, coinciding with mentions of the company jumping on internet chat boards.......

Cramer says meme stocks ‘should be offered at the casino,’ not on Wall Street

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said Wednesday that trading meme stocks is more like gambling than investing. “It’s exciting. It’s fun, and it’s real,” Cramer said on “Squawk Box.” However, he added, “If you’re going to play it, I think that you......

As Clover Health joins the ‘meme stock’ trend, here’s what investors need to watch out for

CNBC
CNBC – For more and to sign up click here d3sign | Moment | Getty Images Individual investors glued to social media helped push the shares of one new company name — Clover Health — up more than 100% on Tuesday. Yet when it comes to the broader markets, the......

Clover Health soars 49% as ‘meme stock’ rally powers on

Reuters
An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo Shares of Clover Health Investments Corp (CLOV.O) jumped 49% on Tuesday as it became the new center of attention for small-time individual......

AMC insider selling picks up as meme stock rises amid retail wave

CNBC
CNBC – For more and to sign up click here A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Insider......

AMC, meme stocks could spark more heat in the week ahead as investors await inflation news

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Inflation data is a highlight of the week ahead, as investors focus on economic news in the void between earnings season and the next Fed meeting. May’s consumer......

Thinkorswim co-founder: Meme stock frenzy nothing like day trading in late-’90s dot-com bubble

CNBC
CNBC – For more and to sign up click here The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on......

AMC, meme stock surge is ‘simply just not healthy,’ Miller Tabak strategist says

CNBC
CNBC – For more and to sign up click here Meme stocks are capping off a wild week with even more volatile moves. AMC, the current posterchild for the group, swung from losses to gains by midday Friday as investors digest the prospect of more share issuance. That stock is......

AMC leads meme stocks lower Friday to close out a wild week

CNBC
CNBC – For more and to sign up click here The AMC Empire 25 near Times Square is open as New York City’s cinemas reopen for the first time in a year following the coronavirus shutdown, on March 5, 2021. Angela Weiss | AFP | Getty Images It’s been quite......

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