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March 8, 2021

traders

‘Share-plunge’ GameStop traders serve valuable function

NYPost
Charles Gasparino It feels wrong to hope that a company goes out of business and its stock craters to zero, which is why short sellers — the traders who make money when stocks tank — are treated with disdain in many corners of Wall Street and now increasingly in Washington.......

Art Cashin expects more stock pain as traders worry about Fed losing control of bond market

CNBC
CNBC – For more and to sign up click here Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the......

Twitter hits all-time high, outpaces social stocks, but traders have a warning

CNBC
CNBC – For more and to sign up click here Investors are aflutter over Twitter. The stock surged to an all-time high Thursday, a rare bright spot in a down market, after the company announced lofty revenue goals. Twitter expects to increase its user base to 315 million daily active......

Nasdaq 100 tries to break losing streak, and traders look for stocks to buy at a discount

CNBC
CNBC – For more and to sign up click here The Nasdaq 100 has been seeing red. The tech-heavy index was in the green in Wednesday’s premarket after falling for six straight days. At Tuesday’s close, it was down 4% in the past week as rising rates made high-growth stocks......

As short interest falls to near-record lows, two traders sound the alarm on short squeeze traps

CNBC
CNBC – For more and to sign up click here Retail traders are running short on shorts to squeeze. Short interest in the market has fallen to near-record lows, market analyst Matt Maley told CNBC’s “Trading Nation” on Thursday as Congress heard testimony about last month’s explosive trading in GameStop.......

Disney smashes subscriber expectations — Here’s what traders are saying

CNBC
CNBC – For more and to sign up click here Disney smashed subscriber expectations Thursday when it reported bringing in nearly 95 million paid subscribers to Disney+ as of Jan. 2. Across other platforms, including Hulu and ESPN Plus, the number of subscribers came in at 146 million. This growth......

Traders on which travel stock they’re backing as Expedia reports earnings

CNBC
CNBC – For more and to sign up click here Expedia fell in extended trading Thursday after its quarterly release. The online travel booking site posted a 67% drop in revenue to $920 million in the three months to December, below analysts’ estimates for more than $1 billion. A loss......

Weed stocks are soaring again, driven in part by Reddit traders

CNBC
CNBC – For more and to sign up click here A worker examines cannabis plants at a Tilray farm. Source: Tilray A group of cannabis stocks are jumping again on Thursday as the Reddit trading crowd continues to pile into the high flying names. Shares of Tilray are up 13%......

Here’s how two traders would play the hot video game space

CNBC
CNBC – For more and to sign up click here Game on. Glu Mobile soared earlier this week after Electronic Arts announced plans to acquire the mobile game developer for $2.1 billion. Take-Two Interactive, meanwhile, fell Tuesday despite its quarterly beat. The company behind Grand Theft Auto and Red Dead......

As Facebook turns 17, traders project where the stock heads next

CNBC
CNBC – For more and to sign up click here Seventeen years ago, the social network formerly known as TheFacebook.com launched in a Harvard dorm. Since then, its growth has been explosive. Facebook boasts 2.8 billion monthly active users, and at more than $750 billion in market cap, it is......

GameStop climbs 11% in volatile premarket trade as Reddit traders dig in

CNBC
CNBC – For more and to sign up click here Tiffany Hagler-Geard | Bloomberg | Getty Images GameStop shares gained 11% in premarket trade on Wednesday as the short squeeze fueled by retail traders on Reddit looks to revive itself following a steep decline. The stock had been down by......

Silver futures jump 7% as Reddit traders try their squeeze play with the metal

CNBC
CNBC – For more and to sign up click here A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in this arranged photograph in London, United Kingdom, on April 4, 2013. Simon Dawson | Bloomberg | Getty Images Futures contracts for silver......

GameStop, Reddit and the Battle of Wall Street

CBS News
CBS News – For more and to sign up click here The titans of finance were shaken last week by a subculture of day traders on the internet, whose viral machinations caused the stock price of computer game retailer GameStop to skyrocket in a matter of days, costing hedge funds......

GameStop traders outsmart the smart guys, leaving an indelible mark on Wall Street

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Small investors outsmarted the smart money, and the war between the Reddit traders and hedge funds seems to have made an indelible mark on Wall Street. Big investors......

What pro traders, the Reddit crowd and regulators may do next in the GameStop short squeeze saga

CNBC
CNBC – For more and to sign up click here The Reddit forum WallStreetBets on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021. Brent Lewin | Bloomberg | Getty Images What’s next for the Reddit crowd? Wall Street seems unsure.  The “blow-out-the-short-sellers game” is showing signs of exhaustion,......

Beyond Reddit, day traders turning social media platforms into squawk boxes

Reuters
(Reuters) – Social media chatrooms are beginning to resemble the squawk boxes on old-fashioned trading floors, as a new generation of retail traders continues to gain influence over the stock market. FILE PHOTO: Reddit mascots are displayed at the company’s headquarters in San Francisco, California April 15, 2014. Reddit, a......

AMC shares quadruple as retail traders raid hedge fund short targets

CNBC
CNBC – For more and to sign up click here Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Shares of embattled movie theater giant......

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