) are falling after two days of massive gains. Financial Analyst and YouTuber Kevin Paffrath joins Market Domination to discuss the meme stock craze following the online return of “Roaring Kitty.”
“It’s sort of like playing the lottery,” Paffrath says. “People don’t generally care about the mechanics behind it. They just want to make money, and I don’t blame that because times are tough,” he adds.He also highlights how these rallies are great for the companies, analyzing how AMC “basically got three months of free operating expenses to pay for their employees and their theaters" from this week’s gains.
Um When you talk about the sustainability of this, I mean, one other big difference between now and 2021 as we have talked about on the program is that the volume in these names is much lower. Uh And that was, you know, Larry Kudlow, we're gonna have a V shaped recovery, Rome Powells running the money printer, they're sending stimulus checks, people are taking their stimulus checks and throwing them into, uh, into the momentum stocks today.It's a lot harder to come around extra cash and less people are playing the stock market than they were.Gamestop A MC Blackberry.
This dividend stock offers a high yield and significant long-term growth potential. It's also one of the safest stocks you can buy. The post Why I Continue Buying Shares of This Healthy and Secure 5.3%-Yielding Dividend Stock appeared first on The Motley Fool Canada.Bill Ackman, the renowned billionaire hedge fund manager of Pershing Square Capital Management, maintains a portfolio of only eight stocks. This focused approach allows him to invest heavily in...
Warren Buffett keeps building Berkshire Hathaway's cash pile because bargains are scarce and he seems worried about the world, Steve Hanke said.NEW YORK — U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.4% to its own record set a day earlier, while the Dow Jones Industrial Average rose 0.9% to beat its own recent high.
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