GME Jun 2024 34.000 call
- Yahoo Finance Video
'Roaring Kitty's' GameStop thesis is a 'bet' on Ryan Cohen
Keith Gill, better known as "Roaring Kitty," made his livestream return, reaffirming his belief in GameStop (GME) after spearheading the 2021 short squeeze. Noor Al, Head moderator of Reddit's WallStreetBets forum, and Stocktwits Head of Market Research Tom Bruni join Market Domination to discuss Roaring Kitty's return and what it means for the meme stock. "If you're a trader, then you love this volatility. If you're in it for the long haul, then you're super excited that GameStop now has $5 billion or will have $5 billion of cash on hand. So either way, it's a win," Al says. He adds that Roaring Kitty's livestream was "completely on brand for who he is. We saw the exact same authenticity that we did three years ago." Bruni says that the livestream outlines Roaring Kitty's "ultimate investment thesis," which he explains is a "bet" on Ryan Cohen: "He's really just making a bet on the fact that [GameStop] has a ton of capital available to it now and that he believes in Ryan Cohen as the person to lead the ship," he explains. However, Al notes that Cohen is being viewed as a "villain" by some members of the WallStreetBets community as he decided to release earnings earlier than expected, ultimately stunting the rally's momentum. For investors looking to hop on the meme stock trend, Bruni encourages them to "know the game you're playing. If you're a short-term trader, this is great. If you're a longer-term investor, you're waiting for these companies to really tell you what are we going to do with this good fortune that we found ourselves in?" For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
GameStop stock falls on Q1 revenue miss
GameStop (GME) has witnessed a rollercoaster ride in its stock price, with shares surging recently after the return of meme trade icon Keith Gill. However, the gains were short-lived as the company's first quarter results fell short of revenue estimates. In a bid to boost liquidity, GameStop announced plans to sell up to 75 million shares, a move that has weighed heavily on the stock's performance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Nvidia stock split, May jobs report: What to watch
There will be lots for traders to watch on Friday, June 7th. In the morning, the May employment report will be released. Economists expect non-farm payrolls to rise slightly from April and the unemployment rate to stay unchanged. Nvidia (NVDA) shares are about to become more affordable. The tech giant will complete its 10-for-1 stock split after the market closes. Traders will also be watching GameStop (GME). A YouTube account linked to meme stock trader "Roaring Kitty," whose real name is Keith Gill, has scheduled a livestream for Friday at noon Eastern time. The announcement sent GameStop shares surging 47% in Thursday's trading. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
