WSB (WallStreetBets) is a Reddit community of investors and traders who follow the stock market. The WSB list includes stocks that receive a lot of media attention and have a strong sentiment from retail investors. The popularity of these stocks among retail investors combined with social media creates viral trends with a global reach and large price movements. WSB investors are attracted to "meme stocks" and popular "blue-chip" stocks due to their familiarity, volatility and momentum. Since meme stocks often experience rapid price movements, traders can potentially make quick profits as more investors rally around a stock, creating a sense of community among meme stock traders. Many people who invest in meme stocks are active participants in online forums and social media groups where they share information and insights about trading strategies, market trends, and individual stocks.
Digital Ad Market Is Finally on the Mend, Bouncing Back From the 'Dark Days' of 2022
Meta, Alphabet and Snap all reported first-quarter results this week that beat analysts estimates, showing acceleration in advertising growth. The companies had been struggling to rebound from a dismal 2022, when rising interest rates and inflation caused brands to rein in their spending. Analysts at Citi wrote in a note Friday that the broader advertising environment is "clearly strengthening."
Decoding Snap Inc (SNAP): A Strategic SWOT Insight
Top 20 turnover | Google rose more than 10% to a record high, with sales exceeding US$11.1 billion
On Friday, Nvidia, the number one in terms of US stock turnover, closed 6.18% higher, trading at US$47.76 billion; Tesla, which ranked No. 2, closed down 1.11% and traded US$18.58 billion.
US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
Norwegian Investor Doubles Down on Palantir, Sells Apple -- Barron's
Ed Lin The asset manager of Norway's largest bank just cut back on some members of the Magnificent Seven, making a big bet on a tech stock outside of the group. DNB Asset Management cut positions in
AMC Takes a Hit From Hollywood Strikes, but Narrows Quarterly Loss
By Claudia Assis AMC reported preliminary first-quarter earnings late Friday AMC Entertainment Holdings Inc. felt the impact of last year's writers' and actors' strikes in Hollywood, but the movie-t