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Dow ends hot streak, meme stocks pop on major rally: Market Domination Overtime

On today's episode of Market Domination Overtime, Hosts Josh Lipton and Julie Hyman discuss the day's market performance and the aggressive rise in meme stock activity. The Dow Jones Industrial Average (^DJI) broke its eight-day win streak. The S&P 500 (^GSPC) closed just below its flatline, while the Nasdaq Composite (^IXIC) ended 0.29% higher. Meme stocks popped after "Roaring Kitty," best known for the 2021 GameStop (GME) short squeeze, made a return on social media. Yahoo Finance's Josh Schafer joins the show to discuss the implications of this rally and Head Moderator of r/WallStreetBets Noor Al gives insights into the renewed interest in meme stocks. Lastly, Josh Lipton and Julie Hyman break down what to watch on Tuesday, May 13, from President Biden announcing new tariffs on Chinese electric vehicles, to the Producer Price Index (PPI), to major earnings like Home Depot (HD), Alibaba Group (BABA), On Holding (ONON), Rumble (RUM), and Jack in the Box (JACK). This post was written by Melanie Riehl

Yahoo Finance Video 1 hour ago

^DJI

^IXIC

BABA
Biden tariffs, PPI, Home Depot earnings: What to watch

According to a Bloomberg report, the Biden administration could make an announcement on tariffs on Chinese EVs as early as Tuesday morning. The tariffs could rise as high as 102.5%. Economic data in the form of the Producer Price Index (PPI) is set to be released with an expected rise of 0.1% compared to last month. Core PPI is expected to remain steady month over month. Federal Reserve Chair Jerome Powell and Fed Governor Lisa Cook are set to speak on Tuesday, potentially commenting on the aforementioned data. Another set of earnings will also be released: Home Depot (HD), Alibaba Group (BABA), On Holding (ONON), Rumble (RUM), Jack in the Box (JACK) For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

Yahoo Finance Video 2 hours ago

JACK

ONON

HD
Dow ends win streak, meme stocks surge in Monday rally

The Dow Jones Industrial Average (^DJI) has broken its win streak after carrying gains for eight straight sessions. The S&P 500 (^GSPC) closes just a hair below its flatline, but still above 5,200, while the Nasdaq Composite (^IXIC) ends the day 0.29% higher. Market Domination Overtime Host Julie Hyman checks out the day's market performance after a post on X (formerly Twitter) by user Roaring Kitty sparked a meme stock rally. Yahoo Finance Senior Markets Reporter Jared Blikre also joins the show to examine sector laggards and the gains seen across top meme stocks, like GameStop (GME) and AMC Entertainment (AMC). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 3 hours ago

AMC

GME

^GSPC
GameStop stock soars over 70% as 'Roaring Kitty' revival reignites meme-stock bonanza

GameStop stock surged as much as 110% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years.

Yahoo Finance 3 hours ago

GME

AMC
Home Depot may see sales drop as consumers seek value: Analyst

Home Depot (HD) is set to report earnings this week, giving investors an inside look into the state of consumer spending. HSBC US Consumer Staples Senior Analyst Daniela Bretthauer joins Catalysts to discuss what to expect from Home Depot's earnings as home improvement spending fell more than 1% year over year, according to Harvard's Joint Center for Housing Studies. "Consumers remain focused on value and price," Bretthauer says. "They're shifting their spending patterns to make ends meet." She notes that Home Depot's bigger-ticket items were in demand during the pandemic as homeowners took on more home improvement projects. However, as that demand declines, she expects the company's quarterly sales to decrease by 2% to 3%. Bretthauer adds that as wallets tighten amid higher inflation, more home remodelings and improvements are being put on the back burner. "The fact that rates remain high still and the interest rates cuts have been delayed, probably we're only going to see one cut this year. So that doesn't bode as well for people looking to buy new homes," she explains. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl

Yahoo Finance Video 7 hours ago

HD
GameStop stock pops as Roaring Kitty returns to social media

Shares of GameStop (GME) are soaring in Monday's trading session, fueled by the return of "Roaring Kitty" to the social media platform X. The video game retailer gained notoriety as a "meme stock," with Roaring Kitty's account playing a role in the company's Reddit-driven surge back in 2020. Yahoo Finance's Myles Udland and Seana Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 9 hours ago

GME
Inflation and consumer spending updates ahead: What to know this week

A crucial reading of inflation faces investors in the week ahead after a string of disappointing reports to start the year dampened investors' interest rate cut hopes.

Yahoo Finance 13 hours ago

BABA

BABAF

SPY
Stone delivers a consistent quarter with adjusted net income of R$450 million, a 90% growth compared to the same time last year

StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) reported adjusted net income of R$ 450 million in the first quarter, a 90% increase over the same time last year. The company's total revenue reached R$ 3.1 billion, a 14% year-over-year growth. Adjusted net cash was R$ 5.1 billion, an increase of R$ 87 million in the quarter and R$ 1.2 billion in the year. The adjusted EBT of R$ 568 million represents a 75% increase compared to 1Q23, with an adjusted EBT margin of 18.4%.

PR Newswire 45 minutes ago

STNE
AMC Set to Cash In on Meme-Stock Traders Driving Shares Higher

(Bloomberg) -- Retail traders flocking to AMC Entertainment Holdings Inc. in hopes of burning short sellers may also be helping the company shore up its finances.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyChina to Start $138 Billion Bond Sale on Friday to Boost EconomyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsMacron Puts French Banks in Play With Plan to Transform Europe

Bloomberg 59 minutes ago

AMC
How Roaring Kitty's return impacted GameStop stock and some crypto assets

Shares of GameStop surged after "Roaring Kitty" posted on social media for the first time in three years.

TheStreet 1 hour ago

GME
Dow Jones Futures: Nvidia's New Buy Point; GameStop Rockets 74% On Return Of 'Roaring Kitty'

Dow Jones Futures: Nvidia stock offers a buy point, while GameStop rocketed Monday. A key inflation report is next.

Investor's Business Daily 1 hour ago

^DJI

^GSPC

COMP
Home Depot Q1 Earnings Preview: 'Well Positioned For Share Gains' — Will Consumers Doing Home Repairs Over Buying Homes Help?

Home improvement retailer Home Depot Inc (NYSE:HD) reports first-quarter financial results before market open Tuesday May 14, 2024. Here are the key earnings estimates, what analysts are saying and items to watch. Earnings Estimates: Analysts expect Home Depot to report first-quarter revenue of $36.68 billion according to estimates from Benzinga Pro. The estimated revenue would represent a year-over-year decline from the $37.26 billion reported in last year's first quarter. The company has beate

Benzinga 2 hours ago

HD
Alibaba Stock Has Surged on China Growth Hopes. Earnings Could Derail the Rally.

The stock is down4% over the past year, but has jumped 19% over a month. Inflation data disclosed over the weekend gave it a lift.

Barrons.com 2 hours ago

BABA
Paysafe Limited (PSFE) Tops Q1 Earnings and Revenue Estimates

Paysafe Limited (PSFE) delivered earnings and revenue surprises of 67.65% and 2.49%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks 2 hours ago

PSFE-WS

PAGS
GameStop’s Stock Surge Is a Long Way From 2021 Meme-Stock Frenzy

(Bloomberg) -- GameStop Corp. shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to amplify gains in otherwise beaten-down stocks. Nonsense crypto coins adding more than 1,000%. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme ManiaChina to Start $138 Billion Bond Sale on Friday to Boost EconomyTesla Rehires Some Supercharger Workers

Bloomberg 2 hours ago

GME
AMC Stock Had the Best Day in Years. Welcome Back to the Meme-Stock Era.

The movie-theater stock rose by its biggest percentage since June 2021. Daily trading volume was the highest on record.

Barrons.com 2 hours ago

AMC

GME
1 Wall Street Firm Thinks Alibaba Stock Is Going to $99. Is It a Buy?

Bank of America sees Alibaba's revenue coming in above consensus estimates when it reports fiscal Q4 earnings on Tuesday.

Motley Fool 2 hours ago

BABA
US STOCKS-S&P 500 barely changes as investors hold tight ahead of inflation data

The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March’s 3% while they expect inflation three years from now at 2.8%. This followed a University of Michigan report on Friday that showed U.S. consumer sentiment sagged to a six-month low in May as households worried about the cost of living.

Reuters 2 hours ago

^GSPC

COMP

^DJI
Home Depot Kicks Off Retail Earnings. Wall Street Expects Falling Sales.

Continued slow sales of housing likely took a toll on Home Depot’s first-quarter revenue, so Wall Street is well prepared for soft financial results from the retailer. Home Depot is scheduled to release its first-quarter earnings before the market opens on Tuesday. Sales are expected to be lower than the previous year, partly because visits to Home Depot were down 1.1% over that span, according to data on foot traffic from Placer.ai.

Barrons.com 3 hours ago

HD

^GSPC
These Stocks Moved the Most Today: GameStop, AMC, Arm, Squarespace, Walgreens, Tesla, Intel, Apple, and More

GameStop shares continue their surge in May, a report says Arm Holdings seeks to launch its first artificial-intelligence chips next year, and Squarespace is being taken private in a deal valued at $6.9 billion.

Barrons.com 3 hours ago

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GME

TSLA

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Related News

Dow ends hot streak, meme stocks pop on major rally: Market Domination Overtime

Biden tariffs, PPI, Home Depot earnings: What to watch

Dow ends win streak, meme stocks surge in Monday rally

GameStop stock soars over 70% as 'Roaring Kitty' revival reignites meme-stock bonanza

Home Depot may see sales drop as consumers seek value: Analyst

GameStop stock pops as Roaring Kitty returns to social media

Inflation and consumer spending updates ahead: What to know this week

Stone delivers a consistent quarter with adjusted net income of R$450 million, a 90% growth compared to the same time last year

AMC Set to Cash In on Meme-Stock Traders Driving Shares Higher

How Roaring Kitty's return impacted GameStop stock and some crypto assets

Dow Jones Futures: Nvidia's New Buy Point; GameStop Rockets 74% On Return Of 'Roaring Kitty'

Home Depot Q1 Earnings Preview: 'Well Positioned For Share Gains' — Will Consumers Doing Home Repairs Over Buying Homes Help?

Alibaba Stock Has Surged on China Growth Hopes. Earnings Could Derail the Rally.

Paysafe Limited (PSFE) Tops Q1 Earnings and Revenue Estimates

GameStop’s Stock Surge Is a Long Way From 2021 Meme-Stock Frenzy

AMC Stock Had the Best Day in Years. Welcome Back to the Meme-Stock Era.

1 Wall Street Firm Thinks Alibaba Stock Is Going to $99. Is It a Buy?

US STOCKS-S&P 500 barely changes as investors hold tight ahead of inflation data

Home Depot Kicks Off Retail Earnings. Wall Street Expects Falling Sales.

These Stocks Moved the Most Today: GameStop, AMC, Arm, Squarespace, Walgreens, Tesla, Intel, Apple, and More