Consumer-oriented meme stocks and SPACs gave up their Tuesday gains as Target's disappointment reversed Walmart's optimism.
WallStreetBets Founder Jaime Rogozinski joins Yahoo Finance Live to talk about meme stocks, his hugely popular subreddit and why it's been so successful with retail investors.
Investors in sports streaming specialist FuboTV (NYSE: FUBO) were beating the market on Tuesday as the stock had soared 39% by 1 p.m. ET, compared to a 0.3% uptick in the S&P 500. The rally ahead of a company investor day presentation erased just a small portion of the losses that shareholders have seen so far this year, though, and the stock is still down roughly 60% in 2022. It was also powered by hopes that the management team on Tuesday afternoon would give a brightening outlook.