Meme stocks are back on the move again

Yahoo Finance2023-11-22

Meme stocks have joined the 2023 stock market rally. Since the S&P 500's recent low on October 27, the Roundhill Meme ETF (MEME) is up 15.2% while the Robotics and AI ETF (BOTZ) is up 17.4%. Both are ...

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Both are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/meme-stocks-are-back-on-the-move-again-162245392.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meme stocks are back on the move again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeme stocks are back on the move again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-22 00:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/meme-stocks-are-back-on-the-move-again-162245392.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Meme stocks have joined the 2023 stock market rally.\nSince the S&P 500's recent low on October 27, the Roundhill Meme ETF (MEME) is up 15.2% while the Robotics and AI ETF (BOTZ) is up 17.4%. Both are ...</p>\n\n<a href=\"https://finance.yahoo.com/news/meme-stocks-are-back-on-the-move-again-162245392.html\">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":"LU0348723411.USD","symbol_name":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/meme-stocks-are-back-on-the-move-again-162245392.html","article_id":"2385575549","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ZV1_iPrCR2tIIRCpnwkqUw--~B/aD00MDAwO3c9NjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2023-11/6655d380-8886-11ee-9fee-501b0f3b7f2d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2385575549","pubTimestamp":1700583765,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Meme stocks have joined the 2023 stock market rally.Since the S&P 500's recent low on October 27, the Roundhill Meme ETF  is up 15.2% while the Robotics and AI ETF  is up 17.4%. Both are outpacing the recent 10% surge in the S&P 500 and have also produced higher returns than the benchmark for the year.Each area has recently jumped, surfing a market rally that's benefited many of the pockets of the market that were crushed in 2022, like growth-stage tech.Unlike Big Tech, however, whose big 2023 is largely from the AI hopes, the Fed and the light at the end of the rate-hike tunnel play the key role.\"'Meme stocks' tend to be unprofitable so they especially benefit from lower rates since they have an even greater need to raise capital at reasonable prices,\" explained DataTrek co-founder Jesica Rabe in a note on Monday night.To Rabe, the resurgence of meme stocks sends a clear message to investors.\"Meme stocks’ current positive momentum shows investors’ animal spirits are starting to run ho","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4581":"高盛持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BOTZ":"Global X Robotics & Artificial Intelligence Thematic ETF","COIN":"Coinbase Global, Inc.","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4112":"金融交易所和数据","BK4170":"电脑硬件、储存设备及电脑周边","BK4565":"NFT概念","FDN":"First Trust Dow Jones Internet I","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4528":"SaaS概念","SQ2.AU":"Block Inc","BK4539":"次新股","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","SQ":"Block","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念","MEME":"ROUNDHILL MEME ETF","BK4585":"ETF&股票定投概念","BK4147":"半导体设备","BK4227":"交易和支付处理服务","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4150":"赌场与赌博","BK4535":"淡马锡持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BSQKZ":"BLOCK INC.","ENPH":"Enphase Energy","LU1548497426.USD":"安联环球人工智能AT Acc","BK4588":"碎股","BK4550":"红杉资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4503":"景林资产持仓","DKNG":"DraftKings Inc.","SMCI":"超微电脑","BK4551":"寇图资本持仓"},"translate_title":"迷因股票又开始上涨了","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQ":1,"SMCI":1,"MEME":1,"ENPH":1,"DKNG":1,"BOTZ":1,"BSQKZ":0.9,"SQ2.AU":0.9,"FDN":0.9,"COIN":0.9},"content_text":"Meme stocks have joined the 2023 stock market rally.\nSince the S&P 500's recent low on October 27, the Roundhill Meme ETF (MEME) is up 15.2% while the Robotics and AI ETF (BOTZ) is up 17.4%. Both are outpacing the recent 10% surge in the S&P 500 and have also produced higher returns than the benchmark for the year. \nEach area has recently jumped, surfing a market rally that's benefited many of the pockets of the market that were crushed in 2022, like growth-stage tech. \nUnlike Big Tech, however, whose big 2023 is largely from the AI hopes, the Fed and the light at the end of the rate-hike tunnel play the key role.\n\"'Meme stocks' tend to be unprofitable so they especially benefit from lower rates since they have an even greater need to raise capital at reasonable prices,\" explained DataTrek co-founder Jesica Rabe in a note on Monday night. \nTo Rabe, the resurgence of meme stocks sends a clear message to investors. \n\"Meme stocks’ current positive momentum shows investors’ animal spirits are starting to run hot again,\" Rabe said.\nThe measure's Rabe uses to track meme movement aren't entirely representative of some classic meme stock names like GameStop or AMC, which are actually both down more than 10% in the last month. \nThe top five holdings of Roundhill's meme ETF are Block (SQ) , Coinbase (COIN), Enphase Energy (ENPH), DraftKings (DKNG) and Super Micro Computer (SMCI). DraftKings, SuperMicro and Coinbase have surged this year with all rising about 200% or more. With more than 15% of the fund invested in Nvidia, the BOTZ ETF has ridden the coattails of a recent rally in the 2023 AI darling. \nIn the past five days alone, all five of those stocks are up no less than 8%, marking a clear shift in investor sentiment over the recent rally. Notably, Block and Coinbase also have significant exposure to Bitcoin (BTC-USD), which has surged over 20% during the last month and is hovering near 52-week highs. \nAs Rabe noted, investors had largely been selective this year \"given a challenging macro environment due to tight monetary policy and geopolitical risks.\" This led to a 2023 market rally largely led by the Magnificent Seven tech stocks while other areas of the market, like the Russell 2000 lagged far behind. \nBut a recent move to a more risk-on trade in markets has come as investors have interpreted a string of economic data showing cooling pricing pressures combined with a slowdown in the labor market to mean the Federal Reserve is done raising interest rates. \nAnd that's brought investors to go \"bargain hunting,\" buying up some of the past year's laggards.\n\n\n\n  Inscription Stonks on a red arrow of a growing graph. A modern internet meme, a neologism meaning a sharp rise in stocks. Color vector illustration\n \n\n  Andrej Kalsin via Getty Images\n \n\nJosh Schafer is a reporter for Yahoo Finance.\nClick here for the latest technology news that will impact the stock market.\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2385575549"}