Meme stock mania has reemerged along with summer blockbusters, but some strategists and traders warn that this latest round of speculation and animal spirits is unlikely to reach its 2021 heights. Online real estate startup OpenDoor Technologies became the public face of this month’s meme stock rally after hedge fund manager Eric Jackson, an investor…
A Kohl’s store in Pleasant Hill, California, on Nov. 25, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kohl’s surged Tuesday in volatile trading that echoed the meme stock rallies of recent years. The legacy department store’s stock more than doubled from Monday’s close of $10.42 per share, only to see those gains wiped…
CNBC’s Jim Cramer on Tuesday advised against shorting Kohl’s stock, comparing the scenario to the GameStop short squeeze four years ago. “The shorts have clearly overstepped their boundaries with Kohl’s. They’ve run into a buzz-saw of their own creation,” he said. “Even now, I think they’d be wise to cover their short and move on…
The S & P 500 ending the first half of the year at a record high is cause for celebration for many, but some Wall Street pros are worried that investors may be getting too excited. Barclays strategist Stefano Pascale was one of several to warn about “froth” in the market in a note to…
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures are near flat on Monday night as investors waited for more insight on trade discussions between the U.S. and China. Dow Jones Industrial Average futures add 23 points points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each also…
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters GameStop shares tumbled Thursday, on track for its biggest loss since June, after the video game retailer announced plans to raise debt to buy bitcoin. The meme stock plunged…
Check out the companies making headlines in midday trading: GameStop — The meme stock soared about 15%. On Tuesday, GameStop’s board announced it had unanimously approved a plan to buy bitcoin with a portion of its corporate cash, following a similar move by MicroStrategy. Dollar Tree — The discount retail chain popped more than 4%…
My top 10 things to watch Wednesday, March 26 1. The long knives are still out for Nvidia . Today’s example is a story in the Financial Times about environmental rules in China that, if tightly enforced, could ban sales of Nvidia’s H20 chips. The rules were put in place last year, but suspiciously are…
Check out the companies making headlines in premarket trading. GameStop — The meme stock surged 16% a day after the company’s board announced it had approved a plan to buy bitcoin and stablecoins with a portion of its corporate cash, in a move similar to that of MicroStrategy. Dollar Tree — The discount retailer gained…
A trader works on the floor at the New York Stock Exchange on March 24, 2025. Jeenah Moon | Reuters U.S. stock futures were little changed Tuesday night after the S&P 500 posted a marginal gain, marking its third positive session in a row. Futures tied to the Dow Jones Industrial Average were unchanged. S&P…