'Meme' stock-market trend around AMC, GameStop may be more persistent than you think, says report

Marketwatch2021-06-25

Think meme stock investing is a fad? Think again. That is, at least, according to a new report from financial advisory firm Betterment. About 97% of those in a recent survey conducted by the digital ...

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Comments

Shermianz
2021-06-25
Shermianz
Game on.
Bubble5728
2021-06-25
Bubble5728
Ok
Alkid
2021-06-25
Alkid
Let the battle begins
Turtlebizkit
2021-06-25
Turtlebizkit
Can trend around $TRCH too? [Sly]
- cocotrades:
  stuck in a bag? Its the end for TRCH
Juliusjuliet
2021-06-25
Juliusjuliet
Comment and like please
- Alkid:
  Lets go!!
- Boo2bear:
  Sure. Pls like.
Impalement
2021-06-25
Impalement
?
- Juliusjuliet:
  Comment

Leave a comment

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Think again. That is, at least, according to a new report from financial advisory firm Betterment.\nAbout 97% of those in a recent survey conducted by the digital ...</p>\n\n<a href=\"https://www.marketwatch.com/story/meme-stock-market-trend-around-amc-gamestop-may-be-more-persistent-than-you-think-says-report-11624556211?siteid=yhoof2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BB","symbol_name":"黑莓","start_time":0,"source_url":"https://www.marketwatch.com/story/meme-stock-market-trend-around-amc-gamestop-may-be-more-persistent-than-you-think-says-report-11624556211?siteid=yhoof2","article_id":"2146230250","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2146230250","pubTimestamp":1624600500,"sourceInfo":{"source_id":"market_watch","name":"华尔街大事件"},"weMediaInfo":null,"summary":"Think meme stock investing is a fad? Think again. That is, at least, according to a new report from ","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BB":"黑莓","AMC":"AMC院线","GME":"游戏驿站"},"translate_title":"报告称，围绕AMC和游戏驿站的“迷因”股市走势可能比你想象的更持久","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":0.9,"BB":0.9,"GME":0.9},"content_text":"Think meme stock investing is a fad? Think again. That is, at least, according to a new report from financial advisory firm Betterment.\nAbout 97% of those in a recent survey conducted by the digital investment advisor, who said that they had invested in stocks driven primarily by social-media mentions rather than fundamentals would continue to do so in the foreseeable future.\nSuch meme investing trends have been the main drivers behind purchases of companies like bricks-and-mortar videogame retailer GameStop Corp ., movie chain AMC Entertainment Holdings and BlackBerry Ltd. ,who made a ubiquitous cellphone that was all the rage in the 1990s and early 2000s.\nStocks and crypto like dogecoin,that aren’t necessarily offering compelling use-cases, or earnings, are rising on the dint of the collective might of retail investors gathering on sites like Reddit and Discord. It’s a trend that has long been viewed as doomed to implode at some point, but individual investors surveyed by Betterment between late April and early May, who invested in meme stocks before say that they will continue to be investors in that category of investing.\nAccording to the Betterment survey, “there is a near-universal consensus that they will continue investing in stocks like these that get a lot of attention in the future -97% said they’re at least somewhat likely to invest,”\nThat is even as the outlook for GameStop, AMC and its ilk look uncertain.\nBetterment’s survey included a panel of 1,500 respondents from April 26 to May 3, who were 18 years and older and have any kind of investment (excluded if only 401(k)). Of the total, half of them actively day traded their investments.\nAll that said, most of the respondents in the research survey indicated that they had some understanding of meme investments while nearly a quarter, 24%, said they didn’t understand it well at all.\nInvestments like GameStop have captured the imagination of young investors because of the stratospheric gains it has seen.\nFor example, shares of GamStop are up 1,054% on the year and those for AMC have risen more than 2,500%, while dogecoin is up nearly 5,000% in the year to date.\nBy comparison, more traditional assets have seen more muted, although strong gains. The Dow Jones Industrial AverageDJIA,+0.95%and the S&P 500 indexSPX,+0.58%are up nearly 12% and over 13%, respectively. The Nasdaq Composite IndexCOMP,+0.69%is up by about 12% after a stellar rally in June so far.\nA number of investment funds have cropped up in the hope of capturing some of that Reddit buzz, including the VanEck Vectors Social Sentiment ETFBUZZ,+0.77%,with the apt ticker “BUZZ.” That exchange-traded fund is up 12.2% over the past three months and has gained 6.5% in June, outperforming the Nasdaq Composite’s June gain of 4.5%.\nAs with many anecdotal studies, the Betterment report concluded that government stimulus checks and stay-at-home protocols in place during the worst of the COVID pandemic helped to foster the move by retail investors into trading and investing.\nBETTERMENT\n“While most day traders indicated their main reason for doing so was that they believed they could make more money in a shorter period of time (58%), many (43%) also indicated it was because it is fun and entertaining,” according to the report.\nAbout 54% of respondents said that the pandemic made them trade more often.\nThe idea that retail investing will continue to be a phenomenon may not be far-fetched at all, even if the meme stock fad subsides somewhat.\nAccording to estimates from JMP Securities, new brokerage accounts opened by individual investors have already roughly matched the total created throughout 2020, hitting more than 10 million, in just the first half of 2021.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":122676368,"gmtCreate":1624620238654,"gmtModify":1703841883507,"author":{"id":"3560808034878134","authorId":"3560808034878134","name":"Shermianz","avatar":"https://static.tigerbbs.com/61cd9aa6b4d6b4608e9cb69147f7a842","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Game on.&nbsp;","listText":"Game on.&nbsp;","text":"Game on.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122676368","repostId":2146230250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122884962,"gmtCreate":1624610953256,"gmtModify":1703841674311,"author":{"id":"3575454990112554","authorId":"3575454990112554","name":"Bubble5728","avatar":"https://static.tigerbbs.com/ffe6f8385b6f65785cb6f3337622382d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122884962","repostId":2146230250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122188721,"gmtCreate":1624604157363,"gmtModify":1703841525749,"author":{"id":"3574044380631135","authorId":"3574044380631135","name":"Alkid","avatar":"https://static.tigerbbs.com/d584ca72b32575d58fab92034b2973bc","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Let the battle begins","listText":"Let the battle begins","text":"Let the battle begins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122188721","repostId":2146230250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122183417,"gmtCreate":1624604021339,"gmtModify":1703841523002,"author":{"id":"3579141181798233","authorId":"3579141181798233","name":"Turtlebizkit","avatar":"https://static.tigerbbs.com/ae37619873125a6a1b1b6c86916c6c23","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Can trend around $TRCH too? [Sly]&nbsp;","listText":"Can trend around $TRCH too? [Sly]&nbsp;","text":"Can trend around $TRCH too? [Sly]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122183417","repostId":2146230250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5010485,"gmtCreate":1624606089367,"gmtModify":1663229985441,"authorId":3571904838214050,"author":{"id":3571904838214050,"authorId":3571904838214050,"name":"cocotrades","avatar":"https://static.tigerbbs.com/cfb92025d2969b5aa20eca09f90a91b3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122183417,"type":1,"supId":0,"prevId":0,"content":"stuck in a bag? Its the end for TRCH","text":"stuck in a bag? Its the end for TRCH","html":"stuck in a bag? Its the end for TRCH"}],"langContent":"EN"},{"id":122118784,"gmtCreate":1624603451948,"gmtModify":1703841511650,"author":{"id":"3575157367857382","authorId":"3575157367857382","name":"Juliusjuliet","avatar":"https://community-static.tradeup.com/news/0c9216129b559a0d7f5dc39677dad614","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Comment and like please","listText":"Comment and like please","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/122118784","repostId":2146230250,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5010212,"gmtCreate":1624604124576,"gmtModify":1663229986738,"authorId":3574044380631135,"author":{"id":3574044380631135,"authorId":3574044380631135,"name":"Alkid","avatar":"https://static.tigerbbs.com/d584ca72b32575d58fab92034b2973bc","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.71%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122118784,"type":1,"supId":0,"prevId":0,"content":"Lets go!!","text":"Lets go!!","html":"Lets go!!"},{"id":5010160,"gmtCreate":1624603605644,"gmtModify":1663229982840,"authorId":3578969648963961,"author":{"id":3578969648963961,"authorId":3578969648963961,"name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122118784,"type":1,"supId":0,"prevId":0,"content":"Sure. Pls like.","text":"Sure. Pls like.","html":"Sure. 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