Investors are chasing the most speculative names in the stock market

saw its stock price soar as much as 109% this week after it said it will sell 50 of its fuel-cell powered trucks over the next five years. , which has jumped about 60% so far in 2023. And according to DataTrek Research co-founder Jessica Rabe, the gains could continue as the ETF is still about 50% below its record high seen in December 2021.

"Meme stocks' current positive momentum shows investors' animal spirits are starting to run hot again," Rabe said. The sharp rally in high-risk stocks and its signal that investor enthusiasm has returned to the market is also indicative of the fact that equities are indeed in a bull market as they march on to new 52-week highs.

"Meme-type stocks have been catching a bid of late, which paints a bullish picture of general market conditions," Rabe said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As inflation cools, here’s how investors can move money back into stocks and bondsThe days of money-market and CD yields of 5%-plus may soon be over.
Source: MarketWatch - 🏆 3. / 97 Read more »