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Meme Stocks Are Back and These 3 Are Making the Most Noise

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Stocks Analysis by The Tokenist (Timothy Fries) covering: S&P 500, US Small Cap 2000, Interactive Brokers Group Inc, IAMGold Corporation. Read The Tokenist (Timothy Fries)'s latest article on Investing.com

public debut of Reddit) called this sentiment “a very momentum-driven market.” This means stock fundamentals are second to “pumpamentals”. Here are the three meme stocks that took the public spotlight.When former President Trump stepped down, he encountered vast hatred from the media and the judiciary system. With each legal battle, Trump’s popularity jumped. Predictably, this is mirrored in his Twitter alternative, Truth Social, launched in February 2022.) oscillated between $5.

As the presidential campaign heats up, accompanied by Trump’s outtakes from rallies, DJT shares will likely serve as a sentiment proxy. This means the stock could go even higher while having exceedingly impressive YTD performance.As meme energy ramps out, it makes sense that the popular stock broker is also up. Drastically outpacing the S&P 500, Robinhood Markets Inc stock is up 60% year-to-date.

Gold is up modestly for the same period as a commodity, at 6.4%. In the latest Q4 2023 earnings, Iamgold reported 43.6% revenue growth at $297.6 million, but it is still delivering a net loss of $9.4 million. Nonetheless, the company beat the estimated earnings per share of $0.02 at $0.06 EPS.

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