Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

What is a meme stock?

Published

on

Meme stocks have been the talk since the start of this year, but there seems to be no formal definition of what it is

But there are characteristics that make a meme stock easier to spot

Isabelle Lee chats with Adrian Franklin on meme stocks. She is a reporter at Insider covering everything in markets from earnings reports to cryptocurrencies

Meme stocks are usually stocks that rally out of the blue.

“These are stocks that have unusually high trading volume, stocks that have wild price swings, and of course, stocks that social media loves,” Lee said.

“So this definition isn’t set in stone, it could obviously change, it could expand. But we’ll see for now, this is the definition that I see most captures current stocks that we are seeing.”

What characteristics do meme stocks have?

AMC, GameStock, Nokia and Virgin Galactic cane spring to mind when you think of meme stocks

“I spoke with one of my sources this week, Matthew Tuttle. So he’s the CIO and CEO of total capital management. And I said, What constitutes a meme stock? What if it doesn’t have a fan base? Is it still a meme stock? And I think no one can really answer it,” Lee said.

Lee says she thinks it’s just consensus agreement, as there really is no formal definition, which makes it tricky.

“But also, I guess, makes just the stock market. So exciting.”

What meme stocks should you be watching?

There are several but today, let’s talk about two.

So first is software company and second is digital marketing firm, vinco ventures.

“So both these shares rallied so much this week. Support.com, I think in the past month is up around 220 percent. Vinco ventures is also up around 180%,” Lee said.

Both these two companies exhibit the four meme traits, but they also have a high short interest.

Could there be a GameStop 2.0?

“GameStop is GameStop is the main stock King,” Lee said.

However she notes that the stock market, especially the retail traders, are always after something different.

Then we have runner ups like AMC entertainment, we have hertz, Saba health, Blackberry, but the now support.com and vinco. I don’t think these two are necessarily the most popular companies.”

It remains to be seen if there will be another GameStop that really caught the attention of most of the world

“The amount of stocks shorted in those two companies are relatively small compared to the average trading volume before now it doesn’t seem like they will reach GameStop levels, but we’ll see it’s anyone’s guess.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

on

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.


The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AIInvestment #Nvidia #Oracle #OpenAI #TechFinance #AIInfrastructure #CapitalMarkets #FutureOfAI


Download the Ticker app

Continue Reading

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

on

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.


Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews


Download the Ticker app

Continue Reading

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

on

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker


Download the Ticker app

Continue Reading

Trending Now