Even Worse than Gamestop? 3 Meme Stocks That Are Screaming Sells

InvestorPlace05-06

These three meme stocks to sell now all have their flaws. ImmunityBio (IBRX): It has a new drug but no profits. MicroStrategy (MSTR): It no longer has much of a business. Rumble (RUM): Riding Trump...

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3 Meme Stocks That Are Screaming Sells\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-06 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/05/even-worse-than-gamestop-3-meme-stocks-that-are-screaming-sells/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These three meme stocks to sell now all have their flaws. \nImmunityBio (IBRX): It has a new drug but no profits. \nMicroStrategy (MSTR): It no longer has much of a business. \nRumble (RUM): Riding Trump...</p>\n\n<a href=\"https://investorplace.com/2024/05/even-worse-than-gamestop-3-meme-stocks-that-are-screaming-sells/\">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":"BK4515","symbol_name":"5G概念","start_time":0,"source_url":"https://investorplace.com/2024/05/even-worse-than-gamestop-3-meme-stocks-that-are-screaming-sells/","article_id":"2433447977","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433447977","pubTimestamp":1714989600,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These three meme stocks to sell now all have their flaws.ImmunityBio : It has a new drug but no profits.MicroStrategy : It no longer has much of a business.Rumble : Riding Trump and Dave Portnoy’s coattails won’t cut it.You’ll get no argument from me that GameStop  is one of the best meme stocks to sell. However, the video game retailer has been around a long time, suggesting it’s not the worst of the meme stocks to sell.QuiverQuant.com provides data on the top meme stocks in U.S. stock exchanges. One of its data points is the WallStreetBets score, based on the number of times a company is mentioned on the subreddit over the past week.There are other stocks with lower scores that I would sell in a heartbeat, such as AMC Entertainment , which clocks in at 94. I won’t select it because I’m tired of getting emails from AMC bulls complaining about my lack of objectivity. Crap is crap.When Saylor started buying BTC in August 2020, the Federal Reserve’s Federal Fund","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4515":"5G概念","BK4592":"伊斯兰概念","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","SQQQ":"纳指三倍做空ETF","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4571":"数字音乐概念","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","GME":"游戏驿站","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4139":"生物科技","BK4576":"AR","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4595":"比特币概念","BK4575":"芯片概念","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","QID":"纳指两倍做空ETF","LU0238689110.USD":"贝莱德环球动力股票基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4559":"巴菲特持仓","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4577":"网络游戏","RUM":"Rumble Inc.","BK4076":"电脑与电子产品零售","RMBL":"Rumbleon Inc.","IBRX":"ImmunityBio, Inc.","PSQ":"纳指反向ETF","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","MSTR":"MicroStrategy Incorporated","LU0234572021.USD":"高盛美国核心股票组合Acc","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","DJT":"特朗普媒体科技集团","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","AMC":"AMC院线","BK4170":"电脑硬件、储存设备及电脑周边","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","AAPL":"苹果"},"translate_title":"比游戏驿站还糟糕？3只尖叫着卖出的迷因股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"DJT":1,"GME":1,"IBRX":1,"MSTR":1,"RMBL":1,"RUM":1,"AMC":1,".IXIC":0.9,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"These three meme stocks to sell now all have their flaws. \nImmunityBio (IBRX): It has a new drug but no profits. \nMicroStrategy (MSTR): It no longer has much of a business. \nRumble (RUM): Riding Trump and Dave Portnoy’s coattails won’t cut it.\n \n\n\n\n \n\nSource: Shutterstock\n\n\n\nYou’ll get no argument from me that GameStop (NYSE:GME) is one of the best meme stocks to sell. However, the video game retailer has been around a long time, suggesting it’s not the worst of the meme stocks to sell.\n So who is?\nQuiverQuant.com provides data on the top meme stocks in U.S. stock exchanges. One of its data points is the WallStreetBets score, based on the number of times a company is mentioned on the subreddit over the past week.\nGameStop has a 95 rating out of 100, which is quite high. Eight others have scores higher than 95. Those would be good candidates for meme stocks to sell.\nThere are other stocks with lower scores that I would sell in a heartbeat, such as AMC Entertainment (NYSE:AMC), which clocks in at 94. I won’t select it because I’m tired of getting emails from AMC bulls complaining about my lack of objectivity. Crap is crap.\nAnyway, this list of top meme stocks includes some names worth owning. I’ll save these for another time. \nImmunityBio (IBRX)\nSource: everything possible / Shutterstock.comImmunityBio (NASDAQ:IBRX) has a WallStreetBets score of 97, which means it gets a lot of chatter. I’ve never heard of it, but it has a $6.1 billion market capitalization.\n\n“ImmunityBio is a vertically integrated biotechnology company developing next-generation therapies and vaccines that bolster the natural immune system to defeat cancers and infectious diseases,” states the company’s investor relations site,” the company’s investor relations site states. \n\nDr. Patrick Soon-Shiong founded ImmunityBio in 2014. He is the Executive Chairman and owns nearly 83% of the company through various affiliated businesses. According to the Bloomberg Billionaires Index, he’s worth $12.6 billion, up $2.1 billion in 2024. \nIf he’s as good at running a biotech firm as a newspaper — he bought the Los Angeles Times in 2018 for $500 million — you don’t want anything to do with ImmunityBio.  \nOne benefit of owning the largest paper on the West Coast is that it gets to announce ImmunityBio news. On April 22, the FDA (Food and Drug Administration) approved Antika, the company’s treatment for bladder cancer. As a result, Antika’s shares are up 70% over the past month. \nWhile good news, it will have to sell a lot of Antika to eliminate the nearly $3 billion accumulated deficit on its balance sheet.  \nMicroStrategy (MSTR)\nSource:  rafapress / Shutterstock.comMicroStrategy (NASDAQ:MSTR) has a WallStreetBets score of 96.\nThere was a time when I thought Chairman and co-founder Michael Saylor’s strategy of buying Bitcoin (BTC-USD) for his data analytics software business’s balance sheet wasn’t a terrible idea. \nWhen Saylor started buying BTC in August 2020, the Federal Reserve’s Federal Funds Effective Rate, or FRED, was 0.10%. Today, it’s 5.33%. With cash balances delivering negligible income, it couldn’t hurt to put excess cash into an appreciating asset. Bitcoin at the time was $11,670. Today, it’s over $58,000.\nThe company reported its Q1 2024 results on April 29. They missed on both the top and bottom lines. Its shares fell nearly 10% on the news.     \nIn February, I argued that MicroStrategy wasn’t a good data analytics stock because Bitcoin obscured its operating business, which isn’t a high-growth enterprise. Its software-related revenue fell 5.5% in the first quarter to $115.2 million. \nThe problem is that it went from an operating loss of $20.3 million in Q1 2023 to a $203.7 million loss in the latest quarter. This was because of Bitcoin losses in the three months ended March 31, 2024. \nUnlike Berkshire Hathaway (NYSE:BRK-B), which provides investors with a lower-risk way of owning Apple (NASDAQ:AAPL), MicroStrategy does not do the same for Bitcoin. \nIf you want to own the cryptocurrency, buy it directly or purchase one of the many Bitcoin trusts. \nRumble (RUM)\nSource: T. Schneider / Shutterstock.comRumble (NASDAQ:RMBL) has a WallStreetBets score of 63, well below GameStop’s 95 score. I picked Rumble because it’s another example of misguided loyalty to all things Donald Trump. \nThe good news if you bought RUM stock at the beginning of the year is that you’re up more than 55% year-to-date. The bad news is this is about as good as it will get. The stock got as high as $18.52 in February 2022. It remains well down from its 2022 highs despite this year’s gains. \nThe gains in 2024 are two-fold: First, the same people gobbling up Trump Media & Technology Group (NASDAQ:DJT) stock also buy Rumble because of its video partnership with Truth Social, TMTG’s social media platform. Secondly, it signed a partnership with Barstool Sports that puts all of Barstool Sports’ content on the Rumble platform. \n\n“I’m excited about Rumble’s commitment to sports and broadening audiences,” said Dave Portnoy, Founder of Barstool Sports. “With the power of Barstool Sports, we are going to help Rumble be the top player in the video, cloud, and livestreaming space.”\n\nIt all sounds terrific. Unfortunately, it doesn’t pay the bills. \nIn 2023, Rumble generated $81 million, which is a heck of a lot more than Trump Media, but it was flat quarter to quarter while losing nearly $136 million in the past year, or $1.68 per dollar of sales, up from 91 cents per dollar of sales in 2022. \nDon’t waste your money. \nOn the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nWill Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.Meme Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/05/even-worse-than-gamestop-3-meme-stocks-that-are-screaming-sells/.\n©2024 InvestorPlace Media, LLC","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":0,"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/2433447977"}