With so much buzz on Reddit’s WallStreetBets channel and other social media outlets driving price increases, here is some essential reading on the the meme-stock craze:
The meme stocks have had another big week with double-digit price increases for many, including AMC Entertainment Holdings Inc. AMC, -6.68%, GameStop Corp. GME, -3.80%, BlackBerry Ltd. BB, -12.72% and Nokia Corp. NOK,
Read: We put AMC, GameStop and other meme stocks’ numbers to the test — here’s which ones came out on topA cooling housing market Jacob Passy explains why home sales are declining, even though mortgage loan rates remain below 3%. Learn to invest — or help someone who needs to learn Jeremy Olshan — the editor of MarketWatch — introduces a news email series about how to invest for a richer and happier life, including the first two episodes. You can sign up for the series here.
What disappoints economists pleases investors The U.S. economy added 559,000 jobs during May, while the national unemployment rate declined to 5.8% from 6.1% in April. Economists may have been unhappy with the official numbers, but after the Bureau of Labor Statics released the numbers on Friday, rising demand for bonds pushed interest rates lower and stock prices moved higher. Mark DeCambre explains why investors were pleased.
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We put these eight meme stocks through a rugged analytical test. Which are poised for growth and which have big downsides?AMC, GameStop and Nokia are lumped together, but not all meme stocks are alike — whether you are a day-trader or a long-term investor.
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Don’t ignore these 3 changes to investing highlighted by GameStop, BlackBerry and AMC, says top economist“It has been tempting for some to dismiss this retail investor phenomenon as nothing more than a mob of young irresponsible gamblers treating the stock market like a casino,” elerianm wrote in Bloomberg. “That would be a mistake.”
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Meme Stocks Crash: AMC Plunges After Investor Warning—Sparking $10 Billion SelloffFollowing a nearly unabated weeks-long run-up, shares of AMC Entertainment plummeted this morning—sparking a $10 billion selloff
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AMC Boss Adam Aron Basks in Meme-Stock SpotlightAMC is capitalizing on a social media-driven stock frenzy to raise needed cash. “They’re who I work for,” CEO Adam Aron says of the theater chain’s millions of shareholders.
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Meme Stocks Gyrate After AMC Files to Sell More SharesThe influence of online traders on the stock market showed no sign of abating with shares of AMC, BlackBerry and other “meme stocks” experiencing steep swings ahead of the opening bell Thursday
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Meme Stocks Are On a Wild Ride, Led by AMCThe latest moves come amid a surge over the past two weeks in meme stocks, a frenetic rally reminiscent of the Reddit-fueled craze of late January.
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