Stocks plunge in worst day of February, but GameStop surge returns: CNBC After Hours

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Bob Pisani explains GameStop's sudden resurgence of strength, by pointing out that there is no real reason the stock is suddenly soaring again.

Plus, Brian Sullivan is on the ground in Texas with some answers on how the state's power grid failed during last week's severe winter storm.U.S. stocks fell sharply Thursday as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names.

The major averages tumbled in a rapid fashion as the 10-year Treasury yield soared as high as 1.6% in a sudden move that some described as a "flash" spike. The yield later settled back down to around 1.52%, its highest level since February 2020.Shares of GameStop jumped again on Thursday but finished well off session highs as stocks featured in January's short squeeze saw another jolt of volatility.

 

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SullyCNBC Great summary Sully. Clear and purely factual. Many thanks.

SullyCNBC Just part of the story, Sullivan should have asked the experts. This includes winterizing the state’s natural gas system and power plants. Texas was supposed to do that after a really bad cold snap in 2013 {2011?]

SullyCNBC Just part of the story, Sullivan should have asked the experts. RiceU Eng. professor: by far the biggest piece, the piece that overwhelmed every other piece of the story is the way the gas system, the gas electricity wasn't there when we needed it

SullyCNBC U sent him there for that ? Could have told u . Windmills 👎😩

SullyCNBC Your knowledge of the energy industry is incredible! You are always a good listen on WEX

SullyCNBC Fake storm from china. The evil dragon comes want to attack america.

SullyCNBC It's obvious as to why they refused to maintain the power grid..it was climate change agreements for the Ozone layer..well,so far so good!🤗

SullyCNBC 95% only bad news(

SullyCNBC It’s obviously aliens

Sure is ridiculous to see GameStop stock soring when the numbers prove the company losing millions.

This drop was manufactured by CNBC analysts and their pundits . They have been selling fear all day to beat the market prices down

I am recently in your country, looking for new friends

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Cramer warns the GameStop surge has everybody unrealistically looking for stocks about to tripleCNBC's Jim Cramer questioned 'are prices real' on Wall Street anymore, as he exasperatingly tried to explain GameStop's renewed rally. OMG - Crusty the Clown is right for a change Yawn cramer knows nothing. Just babbles for his tendies from hedgies I just moved to your city, who wouldn't mind showing me interesting places?
Source: CNBC - 🏆 12. / 72 Read more »

GameStop up for fifth day as meme stocks recoverShares of GameStop jumped for the fifth day running on Tuesday, as news on the video retailer's e-commerce strategy and speculation that small investors will pour stimulus checks into markets showed signs of reheating January's 'meme' stocks boom. *stonks you're a meme journalists they like the stock.
Source: Reuters - 🏆 2. / 97 Read more »

GameStop jumps nearly 19%; 'meme stocks' fade after another wild rideGameStop Corp shares rallied on Thursday, finishing with double-digit gains despite a sharp retreat from session highs and leading a surprise resurgence of so-called 'stonks' championed online by passionate retail investors. GameStop shares, which doubled their value on... Want to start making up to $106 everyday using your cellphone or PC, send a direct message asap. Counterattack If the pandemic situation will not change, Gamestop will not generate more revenue and the stock price will fall back to it’s original value in a long-term. Short-term gimmicks will obviously be present in the upcoming weeks
Source: Reuters - 🏆 2. / 97 Read more »

GameStop surges more than 18%, other 'meme stocks' also rallyGameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news. Couple of months ago I came across a recommendation about Dennis66536 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation Meme stonks. thanks for this news
Source: Reuters - 🏆 2. / 97 Read more »

These fractional stocks, not GameStop, can outdo hedge funds at their own game, Jim Cramer says'Mad Money' host Jim Cramer laid out a list of a dozen quality, high-dollar stocks that he said retail investors can hold to outperform Wall Street pros. What he said is not what we want lmao Yes, the hedge funds tremor in fear when I buy 1/8th of an NVIDIA share.... There it is, good try. This is the confirmation bias I was looking for. $gme to mars.
Source: CNBC - 🏆 12. / 72 Read more »