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.
MEME stocks are back strongly! GME surged nearly 180% in two days. Who will be next?
The agency believes that more retail traders will join this trend in the next few days, but the possibility of reaching the level of 2021 is still relatively low.
US CPI data for April fell as scheduled, GameStation and AMC both plummeted 10% | Tonight's highlights
① Baidu: Consider possible cooperation opportunities with Tesla on Robotaxi; ② The US recorded an unseasonally adjusted CPI annual rate of 3.4% in April, which is in line with market expectations; ③ Nvidia CEO Huang Renxun's total salary for the 2024 fiscal year is US$34.2 million; ④ Amazon Cloud Services layout Europe: it is planned to spend 8.4 billion US dollars to build infrastructure in Germany.
US stock outlook | US CPI rose 3.4% year on year in April, in line with expectations, and the three major futures indices are rising in a straight line
WSB concept stocks generally fell before the market, and Game Station and AMC theaters plummeted by more than 8%; ready for the summer fun! UBS and Bank of America both held high bullish flags.
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