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Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday.  GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary.
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GameStop (GME) shares surged on Monday after Keith Gill, known as 'Roaring Kitty' on social media, posted on X for the first time since 2021. Gill helped spark a short squeeze in GME in 2021 through posts on Reddit encouraging retail investors to purchase and hold shares, inflicting major losses on hedge funds like Melvin Capital. Gill's resurfaced signaled renewed interest among individual traders who had previously followed his commentary, driving up the stock. GameStop's most recent quarterly results in March 2023 showed ongoing challenges from industry-wide headwinds like competition from e-commerce players.
⏲ 0:40 👁 1.2M
Sushil Kumar Modi Passes Away : बिहार भाजपा कार्यालय में सुशील मोदी के पार्थिव शरीर को लाया जाएगा, जिसके लिए तैयारियां जारी हैं. वहीं इन तैयारियों की जायजा लेने के लिए डिप्टी सीएम सम्राट चौधरी पार्टी कार्यालय पहुंचे हुए हैं. सम्राट चौधरी ने कहा कि सुशील मोदी हमें हर हफ्ते कुछ नया सिखाते थे. <br/> <br/>Sushil Kumar Modi Passes Away: Sushil Modi's mortal remains will be brought to the Bihar BJP office, for which preparations are underway. Deputy CM Samrat Chaudhary has reached the party office to take stock of these preparations. Samrat Chaudhary said that Sushil Modi used to teach us something new every week. <br/> <br/>#SushilModi<br/><br/>~PR.115~ED.120~
⏲ 3:24 👁 150K
AMC Entertainment shares rallied over 135% in the first two days of the week due to a resurgence of meme stock trading fueled by Roaring Kitty's return. However, Barrington analyst James Goss maintained a Neutral rating, noting AMC's Q1 revenue fell slightly. Box office revenues in April were down around 50% and May box office sales have been sluggish compared to 2023 levels. Goss expects the challenging environment for AMC to persist through most of 2024 before potentially rebounding in 2025.
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The whole stock market in one convenient package.
⏲ 2:21 👁 2.6M
#walmart #earnings #consumer<br/>#walmart #earnings #consumer #yahoofinance <br/><br/>Walmart (WMT) posted its first-quarter earnings report revealing revenue that beat expectations and showed a growth in its e-commerce arm. Comparable sales and transactions rose 3.8% in the US, while the average ticket price was flat. Walmart CFO John David Rainey joined Yahoo Finance to give insight into the state of the consumer from Walmart's perspective, claiming consumers' wallets are \
⏲ 3:44 👁 145K
Warren Buffett's Berkshire Hathaway has revealed it has been buying shares of insurer Chubb over the past few quarters, making it one of Berkshire's largest holdings. Berkshire has acquired nearly 26 million shares of Chubb for a total stake worth $6.7 billion, making it Berkshire's 9th largest holding. Insurance is a core business for Berkshire, which owns companies like Geico and General Re and recently acquired Alleghany. Chubb's stock price jumped nearly 7% in after-hours trading following the news of Berkshire's sizable stake in the company.
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#robinhood #bankofamerica #yahoofinance<br/>Robinhood (HOOD) shares are trading higher after the company received a double upgrade from Bank of America. Robinhood now has a Buy rating after previously having an Underperform rating. Bank of America has set a $24 price target, up from $14.<br/><br/>The analysts behind the call point to increasing retail engagement, accelerating organic growth, and large expense reductions as catalysts for the company. Robinhood also reported major cryptocurrency gains in its latest earnings report.<br/><br/>About Yahoo Finance:<br/><br/>Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
⏲ 2:11 👁 125K
AMC's financial struggles include heavy debt, consistent unprofitability, significant stock dilution. Social media influencers drive speculative trading, but AMC lacks fundamental investment appeal, says Edwin Dorsey.
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#april #housingmarket #homebuilding<br/>#april #housingmarket #homebuilding #realestate #yahoofinance <br/>According to the National Association of Home Builders and Wells Fargo Housing Market Index, homebuilder confidence dipped in May to 45, down from 51 in April. With mortgage rates above 7%, many prospective home buyers remain on the sidelines, though single and multifamily housing starts modestly ticked higher in April. Yahoo Finance Reporter Dani Romero joins Wealth! to break down the numbers behind homebuilder confidence. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino<br/><br/>Yahoo Finance: Market Coverage, Stocks, & Business News<br/>About Yahoo Finance:<br/><br/>Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.<br/><br/>- Get the latest news and data at finance.yahoo.com
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Day in the life on a dairy farm as a herd manager with BJ Watson.
⏲ 2:35 👁 1.6M
bse power sector analysis | bse power sector prediction for 2024 | stock market<br/>
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