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BB Sep 2024 4.000 call
- Yahoo Finance Video
The meme stock crowd is expected to 'exit quickly': Expert
After re-energized enthusiasm in the meme stock trade this week, the hype seems to be fading as shares of video game retailer GameStop (GME) and movie theater chain AMC Entertainment (AMC) are sinking Wednesday morning. Financial Insyghts President Peter Atwater sits down with Morning Brief Anchors Seana Smith and Brad Smith to compare recent meme trading activity to that of the early 2021 frenzy "We should expect that as burst-filled as this last week has been, there should be a comparable bust coming in these names. The thing that distinguishes bubbles from from other kinds of behavioral patterns is that first step is the steepest," Atwater says. "So if this is an indicator of mood, we should expect these companies to leave via a high story window quite quickly." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Zacks
Mitek Systems' (MITK) Q2 Earnings Decline, Revenues Rise Y/Y
Mitek Systems (MITK) registers a top-line expansion of 2% year over year in the second quarter of fiscal 2024, owing to healthy momentum across its product mix.
- Yahoo Finance Video
Implications of Biden's China tariffs, meme trade: Catalysts
Catalysts Hosts Seana Smith and Madison Mills cover the latest developments in the latest meme stock trading frenzy and the Biden administration trade policies as it unveiled an array of new tariffs against China. Kicking off the show, the resurgence of the meme stock trade is in focus. Various guests, including Newton Investment Management's Chief Investment Officer and Head of Equity John Porter, The Kobeissi Letter Editor-in-Chief Adam Kobeissi, and IG North America CEO JJ Kinahan, unpack the implications of this phenomenon for investors and the broader market dynamics. Shifting gears, the show delves into notable announcements from industry titans: Comcast's (CMCSA) unveiling of a new streaming bundle, Alphabet's (GOOG, GOOGL) autonomous driving unit Waymo facing an investigation, and Uber's (UBER) potential $950 million acquisition of foodpanda's Taiwan segment take center stage. The show also tackles the Biden administration's new tariffs on Chinese imports, with Yahoo Finance Senior Columnist Rick Newman providing insights into how this move may impact the upcoming election. Former Home Depot CEO Bob Nardelli also weighs in with his comments on this administration's decision. This post was written by Angel Smith
