🎁What the Tigers Say | Are Meme Stocks Making a Comeback?

Home of WSB $Reddit(RDDT)$ shares surged 48% in its much-anticipated public debut.

The Trump Media & Technology Group $Trump Media & Technology(DJT)$ soared during its Nasdaq debut, triggering a brief volatility-driven trading halt. The stock jumped as much as 60% intraday before fading and closing up 17%.

Are Meme Stocks Making a Comeback? Will you join the party?

Below are some insights from Tiger @Shyon, @Barcode and @Dan1192. Which opinions do you agree with？

🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

Click titles to read the full analysis:

1. @Shyon: Trumph impact? Meme of the year?

Key Points:

• $Trump Media & Technology(DJT)$ undoubtedly was an excellent speculative investment for those who bought shares at the lows. For someone holding shares on January 1, 2024, year-to-date returns have been as high as 190%, which even beats market darlings such as Nvidia.

• That being said, it is far from certain that DWAC (or, starting from Tuesday, DJT) will continue to outperform the market. Speculation could drive shares even higher, but until Truth Social shows resilient user growth and improving financial results, those gains would be speculation-driven.

• I believe current spike is due to FOMO and meme effect for DJT. After the frenzy period is over, the share price will pull back extremely fierce, leaving all the retailer being trapped at peak area. Unless the fundamental and company performance is good and exceeded expectation, then only such high price can be reasonable. Therefore, think twice before you trade as the risk is very high. Short term trade is ok if you are skillful enough. I will stay aside and just watch the show! Do remember how the meme stocks after the frenzy was over scary right?

2. @Barcode: Can Reddit Continue its Uptrend?

Key Points:

• Reddit, as a platform, has experienced significant growth and engagement over the years. Its user base continues to expand, and it remains a popular hub for discussions, news, and community interactions.

• Influence on Markets: Subreddits like r/WallStreetBets have demonstrated their ability to impact stock prices and market sentiment. If such communities persist, they could contribute to Reddit’s sustained relevance.

• Reddit’s continued popularity, diverse user base, and ongoing efforts to improve the platform suggest that its uptrend could have potential staying power, but it ultimately depends on how the company navigates challenges and capitalizes on opportunities in the future.

• Reddit, as a platform, does not have a stock ticker or a direct market valuation. Its value is more intangible, tied to user engagement, community dynamics, and influence on market sentiment. Its impact on markets and investor sentiment cannot be ignored.

• I believe Reddit can continue its uptrend and have a price target of $86.

3. @Dan1192: Is Truth Social a Good Bet on US Election?

Key Points:

• Back to Truth Social, I will target it at the range of $100 to $120 by Q4. This means potentially double digit gains for the near-mid term.

• Donald Trump in the other hand, had a good rest, rebuilding his street creed again, and most importantly earning the Republican party nomination. With more official videos on Biden turning senile than Trump talking nonsense, it is the golden opportunity for Trump to retest his mantle for presidency. You might think why field Biden if he is losing public opinion, well simply democrat had no choice. As long as Biden pass the health checks, he's good to go for round 2.

• You can expect more trash talking by Trump on Truth Social. The American media will be tuned in, creating mad number of daily active accounts. All these will last until Q4, when the president election comes. As with most elections, media attention with be off from TS after the election. Before that, it will be going up and up, because share price is based on public sentiments rather than actual performance. 

Questions for you:

Are Meme Stocks Making a Comeback? Will you join the party?

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⏰Duration

• 3 Apr (24pm EDT)