) gained 122% on Friday. The stock is on pace to gain 7,900% for the week. Over the past 24 hours, Faraday Future was the third-most-mentioned stock on Reddit's WallStreetBets forum behind the SPDR S&P 500 ETF , up more than 70%. The Oregon-based fiber optics and smart glass small-cap company is on pace to end the week up a whopping 915%.) was up more than 500% for the week.
“The meme stock trades tend to only occur at extremes in sentiment," Peter Atwater, president of Financial Insyghts and adjunct professor William & Mary, told Yahoo Finance earlier this week."This is yet another mood indicator that the markets are reaching a point where we should expect some sort of a meaningful pullback,” he added.
-- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.
Deep out-of-the-money call options on GameStop stock saw an explosion in trading activity in the week prior to Roaring Kitty's social media return.Opinion: Trudeau’s capital gains tax video misses the point Many non-rich Canadians make big capital gains when they sell their cottage or small business. They shouldn't face plutocrat tax ratesThis growth stock saw shares surge by 35% in the last few weeks on record earnings, but even more growth is on the way. The post The Ultimate Growth Stock to Buy With $1,000 Right Now appeared first on The Motley Fool Canada.
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