Hot Now: Meme Stocks Return to Burn the Short Sellers
Krispy Kreme, Opendoor and others are caught up as traders apply lessons from the pandemic.
Shares in Krispy Kreme hit a high of $4.93 at the open on Wednesday.
Photographer: Erik McGregor/LightRocketThe S&P 500 has been on a tear lately, and there’s optimism among the experts on Wall Street that it will continue. But what about the folks swapping jokes and stock tips in forums like Reddit’s r/wallstreetbets? Michael P. Regan takes a look today at what might have set off the revival of meme-stock conditions. If this email was forwarded to you, click here to sign up .
It’s the peak of earnings season for corporate America, when everyone involved in the stock market is hunkering down and sharpening their pencils to pore over the latest fundamental data presented to investors.