Memes - Dare or not πππ?
The recovery in meme stocks comes as the S&P 500 closes in on its highest level for 2023 on hopes U.S. interest rates have peaked, breathing life into speculative trading that has struggled this year.
Specialty retailer GameStop, which offers games and entertainment products via its stores and e-commerce platforms, will release its Q3 financial results after the market closes on December 6. While the company faces headwinds from weak hardware sales, its focus on growing the product catalog, improving the customer experience, and making cost cuts should support its top and bottom lines.
Usually the meme stocks tend to rally crazily once the market sentiment turns positive. However, never hold long and remember to take profit once you hits your targeted profit. Let's look into the trend of several memes.
Personally, I think we will see a wave of meme stocks rally in short term, due to the positive market sentiment and the recent surge of GME will stimulate the meme stocks rally. For such I am bullish for the meme stocks like $AMC Entertainment(AMC)$
GME
AMC
FFIE
How do you like and think about meme stocks?
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Only dare when you have enough luck enough