KEITH GILL
Megacaps boost Nasdaq in choppy trade; jobs data in focus
Semiconductor stocks such as Advanced Micro Devices, Arm Holdings and Micron Technology fell between 1% and 4%, pulling the Philadelphia SE Semiconductor index to a near one-week low.
Chewy shares rise 10% after filing shows 'Roaring Kitty' takes stake
Shares of Chewy rose as much as 10% on Monday after a filing showed Keith Gill, the stock influencer known as "Roaring Kitty", had picked up a 6.6% stake in the pet products e-retailer.
Economic cracks are getting exposed in the 2024 market bounty
Dispiriting trends that have been visible for months now alongside the frenzy for megacap tech stocks and private credit – are on display yet again. Companies with dicey balance sheets have underperformed anew in June. Equal-weighted stock benchmarks where disruptive AI market leaders have the same weighting as industrial bellwethers have lagged yet again.
GameStop shares tumble after CEO says store network will shrink
GameStop shares fell 11.6% after CEO Ryan Cohen hinted at operating fewer stores without detailing cash plans. Cohen aims for a more profitable business with a smaller network and value-added items.
Wall St cautious ahead of key inflation data, Fed meeting
This week's focus includes the Consumer Price Index inflation report for May and the conclusion of the Fed's two-day policy meeting, both scheduled for Wednesday. The central bank is expected to release updated economic and policy projections and is widely anticipated to hold interest rates steady. The S&P 500 trimmed its early losses, while gains in Microsoft, Amazon.com, and Broadcom helped lift the Nasdaq slightly higher. These stocks rose between 0.8% and 2.5%.
GameStop slumps around 30% as 'Roaring Kitty' kicks off livestream
Shares of GameStop, which also reported its quarterly results four days ahead of schedule on Friday, shot up nearly 50% the day before after Gill, the key figure behind an eye-popping rally in the struggling company's stock in 2021, posted on YouTube about the upcoming livestream.
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GameStop gains as Roaring Kitty reveals bet in Reddit post
GameStop surged 21% after 'Roaring Kitty' disclosed a $116 million bet on Reddit. Keith Gill's 5 million share holding now worth $260 million, impacting short sellers.
Dow slips nearly 1% as markets juggle data, technical glitches
Shares of megacaps including Apple and Meta gained between 0.8% and 2.1%, as yields on the benchmark U.S. 10-year and five-year notes fell around 10 basis points each. GameStop soared 24.1% after a weekend Reddit post from stocks influencer Keith Gill, also known as "Roaring Kitty", showed a $116 million bet on the gaming retailer.
GameStop soars over 70% as 'Roaring Kitty' reveals $116 million bet in Reddit post
GameStop shares surged more than 70% premarket on Monday after "Roaring Kitty" Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
GameStop soars as 'Roaring Kitty' reveals $116 million bet in Reddit post
It was Gill's first post in three years from his Reddit account, where screenshots of his bullish GameStop trades triggered a rush of demand in 2021 for "meme stocks" - often companies with weak fundamentals that gained a cult-like following through social media hype among retail traders.
Meme stock GameStop jumps 17% after raising $933 million in share sales
Meme stock GameStop soared nearly 20% in premarket trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally earlier this month.
GameStop tumbles 24% on capital raise plans after meme stocks frenzy this week
Retail darling GameStop slumped 24% on Friday, after the struggling videogame retailer said it would sell up to 45 million shares, taking advantage of the meme stocks frenzy that took hold this week.
GameStop and AMC tumble as meme stocks rally deflates
Unlike 2021, when Reddit users banded together to target highly shorted stocks that burned the bearish bets of hedge funds, institutional investors too were part of the meme-stock mania, Vanda Research, which tracks retail investor flows, said.
US stocks lose steam after Dow hits milestone 40,000 mark
The blue-chip index has recovered from its October 2022 lows, powered by resilient U.S. economic growth despite steep rate hikes by the Fed.
GameStop, AMC slide further as meme stocks rally tapers off
Retail darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out.
Wall Street boasts record closes as inflation data fuels rate-cut bets
Tepid U.S. Consumer Price Index (CPI) data for April fueled optimism that inflation was easing after three months of higher-than-expected numbers. This led traders to raise bets that the Fed will cut its policy rate in September and December.
S&P 500, Nasdaq at record highs as lukewarm inflation fuels rate-cut bets
The blue-chip Dow was set to breach the 40,000 mark for the first time, while the two other major indexes surpassed all-time peaks hit in March. Tepid U.S. consumer prices data for April led traders to raise bets that the Fed will cut its policy rate in September and again in December.
GameStop, AMC drop after two days of sharp rally on 'Roaring Kitty' effect
Cinema chain AMC dropped 14.3%, after surging 135% in the past two sessions, while video game retailer GameStop fell 9.8% after hitting its highest level since June 2021 on Tuesday. Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.
Stocks rise, dollar drifts ahead of US inflation report
Data overnight showed U.S. producer prices increased more than expected in April, indicating that inflation remained stubbornly high early in the second quarter.
GameStop hits 2021 high as return of 'Roaring Kitty' rekindles meme stock mania
Trading in GameStop was halted multiple times within minutes of market open due to volatility as the stock hit its highest level since June 2021. The stocks were set to extend gains from the previous session after Gill shared a meme and more than 10 clips from movies, including "X-Men Origins: Wolverine", "The Avengers" and 1993 Western "Tombstone"
GameStop and AMC surge evokes 2021 meme stocks saga
"Roaring Kitty", the social media persona of Keith Gill, credited with setting off the so-called Reddit rally in January 2021 with his bullish calls on GameStop, posted on social media platform X, formerly Twitter, after nearly three years.
GameStop Shares Surge After 'Roaring Kitty' Reemerges
Amid the market mayhem, hedge funds that bet against meme stocks blew up and trading apps struggled to keep up. The chaos inspired the 2023 film "Dumb Money," directed by Craig Gillespie.
GameStop soars 70% after flag bearer 'Roaring Kitty' resurfaces with X post
Keith Gill, known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit, was a key figure in the so-called Reddit rally, which saw shares of GameStop surge as much as 21-fold over two weeks in January 2021 before crashing to pre-surge levels in the subsequent days.
Country music icon Toby Keith dies at 62 after battle with cancer
Country music icon Toby Keith has passed away at the age of 62 after battling stomach cancer. Known for his patriotic anthems and chart-topping hits, Keith's career spanned decades, leaving an indelible mark on the country music industry.
Eat the Rich: The GameStop Saga: Here's Everything you need to know about Netflix documentary
Eat The Rich: The GameStop Saga features the fight between Wall Street hedge fund managers and ordinary everyday investors. Roaring Kitty was the first person to show that GameStop was an excellent stock to buy.
Bring out the bitcoin! Christie's will accept crypto payments for Keith Haring painting at auction
Works by Alberto Giacometti, Pablo Picasso and Edgar Degas will also go under the hammer.
US lawmakers face off with GameStop saga's key players
The episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. Lawmakers from both parties are among the skeptics. GameStop shares soared 1,600% in January before falling back to Earth. The drama entangled huge short-selling hedge funds, a social media message board and ordinary investors wanting in on the hottest new trade.
UK's first woman Sikh MP elected to key Parliament panel
Britain's first woman Sikh MP has been elected to an influential cross-party panel in the UK Parliament that examines the workings of the Home Office.
At 56, Indian-origin candidates in UK polls hit new high
If a record number of 10 Indian-origin candidates were elected to the British Parliament in 2015, the 2017 snap polls have an impressive number of 56 Indian-origin candidates contesting.
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