2 Meme Stocks to Buy Now

Zacks11-13

Stocks Explode Post-Election Whether you agree with President-elect Donald Trump’s economic policies or not, one thing is certain: the conclusion of the 2024 U.S. presidential election on Wall Street ...

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That said, whether it was because of more business-friendly policy expectations, less uncertainty, or a combination of both, the recent election threw gas on the fire.Though GameStop is known for being a video game retailer, on Wall Street, its claim to fame is being the king of the meme stocks and speculation. GME has rewarded investors wi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","BZFD":"Buzzfeed","TSLA":"特斯拉","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","FDN":"First Trust Dow Jones Internet I","CMCSA":"康卡斯特","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1548497426.USD":"安联环球人工智能AT Acc","BK4544":"ARK ETF合集","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4577":"网络游戏","BK4547":"WSB热门概念","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","BK4596":"哈里斯概念","ARKK":"ARK Innovation ETF","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4099":"汽车制造商","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","MSTR":"MicroStrategy","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4507":"流媒体概念","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","BK4585":"ETF&股票定投概念","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4100":"有线和卫星","BK4574":"无人驾驶","BK4595":"比特币概念","BK4587":"ChatGPT概念","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","GME":"游戏驿站","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD"},"translate_title":"立即购买2只模因股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"ARKK":1,"CMCSA":1,"BZFD":1,"MSTR":1,"GME":0.9,"FDN":0.62},"content_text":"Stocks Explode Post-Election\nWhether you agree with President-elect Donald Trump’s economic policies or not, one thing is certain: the conclusion of the 2024 U.S. presidential election on Wall Street has unleashed the “animal spirits.” To be fair, stocks have been on a tear since the bear market lows of 2022, boosted by a falling inflation rate, AI/data center spending, and a dovish federal reserve board. That said, whether it was because of more business-friendly policy expectations, less uncertainty, or a combination of both, the recent election threw gas on the fire.\nUnleashing the Animal Spirits\nYou don’t have to look far to notice that the animal spirits are alive and well on Wall Street. Bitcoin and bitcoin proxies like MicroStrategy (MSTR) have gone on rampages higher. In fact, Bitcoin has flipped silver from a market cap perspective. Meanwhile,Tesla (TSLA) just capped its biggest 5-day rally in four years, the lagging ARK Innovation ETF (ARKK) soared 16% in a week, and small caps have clawed their way back to all-time highs after a multi-year drought. Presently, the market is in risk-on mode, and risk-takers are being rewarded handsomely. Below are 2 “spec” meme stocks to consider:\nBuzzFeed  \nBuzzFeed (BZFD) is a left-leaning media organization recognized for crafting engaging content that often goes viral. The media platform combines pop culture trends and current events infused with humor and casual conversation styles that resonate with a younger demographic. BuzzFeed also delves into journalism, news coverage, and video content creation.\nVivek Takes a BuzzFeed Stake\nBZFD has struggled since 2021, falling from nearly $60 to under a dollar at one point. However, former Republican presidential nominee, entrepreneur, and future Trump administration cabinet member Vivek Ramaswamy has injected life into the company by taking ~9% stake. In a letter to the BZFD board, Ramaswamy said, “BuzzFeed has lost its way. I own your stock because I believe BuzzFeed can still become a more valuable company than at its initial listing, but this requires a major shift in strategy.”\nIf anyone can turn around BZFD, it’s Ramaswamy. “Old media”, particularly left-wing media, has been losing viewership, with the latest evidence being Comcast (CMCSA) putting MSNBC up for sale. If Ramaswamy can inject some balance into it, it may have a positive impact. Ramaswamy is a best-selling author with strong connections to “new media” juggernauts like Tucker Carlson.\nBZFD Breakout\nAfter coiling for several weeks, BZFD shares are breaking out.\nImage Source: TradingView\nGameStop \nGameStop (GME) is the leading video game retailer, offering the best selection of new and pre-owned video gaming consoles, accessories, and video game titles, in both physical and digital formats.\nGME: The Original Meme Stock\nThough GameStop is known for being a video game retailer, on Wall Street, its claim to fame is being the king of the meme stocks and speculation. GME has rewarded investors with several short squeezes in its history, most notably the 1600% one-month gain in early 2021. While many investors may scoff at GME’s fundamentals, the meme mania has real-world benefits on the company.\nGameStop’s Massive Cash Hoard\nNormally, when a stock becomes a meme stock, it has no net benefit when it eventually crashes down. However, GME’s management team has been savvy and sold millions of shares worth of the stock the last few times it spiked. Now, GME has a massive cash hoard.\nImage Source: Zacks Investment Research\nThe company’s massive cash position gives GME the flexibility to invest back into its business, expand into other businesses, pay a special dividend, etc.\nBottom Line\nThe U.S. election set off the animal spirits on Wall Street. With meme stocks in vogue, GME and BZFD are two stocks with bullish catalysts worth considering.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nComcast Corporation (CMCSA) : Free Stock Analysis Report\nGameStop Corp. (GME) : Free Stock Analysis Report\nTesla, Inc. (TSLA) : Free Stock Analysis Report\nMicroStrategy Incorporated (MSTR) : Free Stock Analysis Report\nARK Innovation ETF (ARKK): ETF Research Reports\nBuzzFeed, Inc. (BZFD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.3","shortVersion":"4.29.3","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/2483826837"}