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How institutional traders are getting in on meme stocks

Like it's 2021 all over again, meme stock trading has taken over Wall Street. While some have claimed there is very little rhyme or reason behind the momentum, it doesn't negate the sheer volume of trading from retail investors.  All Star Charts Chief Options Strategist Sean McLaughlin joins Yahoo Finance to discuss the recent return to the meme stock craze and how investors should consider getting involved. McLaughlin comments on how institutional investors get involved in meme stock trading: "Especially in these meme stocks where you get a lot of retail interest and a lot of people chasing hot money returns, when you get players using call options, for example, to express their bullish bets, well, who's on the other side of those trades? That's generally market makers and dealers. They're shorting calls to sell them to the retail investor. Well, they're not in the business of taking directional risk. They want to be as delta neutral as they can. So as they're selling calls to the to the swelling demand out there, the only way they can hedge their position or the best and easiest and most efficient way for them to hedge their position is to buy stock." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino

Yahoo Finance Video 14 minutes ago

AMC

GME
Stocks close higher, small-caps abuzz on renewed meme trade

Stock market indexes (^DJI, ^IXIC, ^GSPC) close higher across the board, the Dow Jones Industrial Average bouncing back since snapping its win streak in yesterday's session. Wall Street awaits the April Consumer Price Index (CPI) reading due out Wednesday morning. Market Domination Host Julie Hyman reviews the day's market performance, while Yahoo Finance Senior Markets Reporter Jared Blikre looks into the day's sector winners. 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 1 hour ago

^IXIC

^DJI

^RUT
Stock market today: Nasdaq closes at record high, meme stocks surge again ahead of inflation data

Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.

Yahoo Finance 1 hour ago

^GSPC

^IXIC

^DJI
Biden expects China to retaliate to new tariffs. Here's what that might look like.

Joe Biden told Yahoo Finance he thinks China will retaliate to sweeping new tariffs on Chinese imports, but he expects any trade conflict to be manageable.

Yahoo Finance 3 hours ago

CAT

^DJI

^GSPC
Market trends, BOJ's yen move, 'R' dilemma: Stocks in Translation

Stocks (^GSPC, ^IXIC, ^DJI) have been on the rise as first quarter earnings boost market sentiment. Sectors such as utilities (XLU), energy (XLE), and technology (XLK), have emerged as the driving forces behind these market gains. However, the question arises: can this momentum be sustained? The Japanese yen (6J=F) has witnessed a resurgence thanks to the likely intervention of the Bank of Japan. This move by the central bank is aimed at strengthening the yen, but it raises questions about the potential implications for global markets. Additionally, a notable theme emerges: sectors and industries starting with the letter 'R' – rates, regionals, retail, and more – seem to be lagging behind their counterparts. This begs the question: what underlying factors are contributing to the underperformance of these 'R' names? Yahoo Finance's Jared Blikre is joined by Evercore ISI Head of Technical Analysis Rich Ross and Yahoo Finance Producer Sydnee Fried for the latest edition of Stocks In Translation. Together, they delve into the catalysts propelling market gains, the historical implications of the suspected yen intervention for investors, interest rate-sensitive sectors, and more. This post was written by Angel Smith

Yahoo Finance Video 5 hours ago

XLU

^DJI

^IXIC
Fed's Powell: 'We'll need to be patient' on rates

Fed Chair Jerome Powell reiterated his stance that the central bank will need to remain patient and see further progress on inflation before reducing interest rates.

Yahoo Finance 6 hours ago

^GSPC

SPY

^DJI
On Holding stock soars on 21% net sales jump, Q1 beat

Shares of On Holding (ONON) are soaring in Tuesday morning's trading session, propelled by the company's first quarter earnings beat on both the top and bottom lines. The Swiss athletic apparel and footwear brand reported revenue of $508.2 million, surpassing estimates of $497.8 million.  The company also delivered an adjusted earnings per share (EPS) of $0.33, topping the expected $0.14 per share. On Holding reported a 21% year-over-year surge in net sales, further boosting the stock. Yahoo Finance's Seana Smith and Brad Smith break down the report's 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 7 hours ago

ONON
AMC stock more than doubles amid meme craze as company completes $250 million share sale

AMC completed a $250 million stock sale amid renewed interest in shares during Monday's trading session.

Yahoo Finance 8 hours ago

AMC

GME
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 23 hours ago

^DJI

^IXIC

BABA
Meme trade roars back to life, OpenAI's GPT-4o: Market Domination

While the major stock market indexes (^DJI, ^IXIC, ^GSPC) are mixed ahead of Monday's closing bell, meme stocks are roaring back to life this session. And it all started with a post on X (formerly Twitter) made Sunday night by user "Roaring Kitty," the handle of retail trader Keith Gill that sparked the original meme trade frenzy around GameStop (GME) in early 2021. tastylive Founder and CEO Tom Sosnoff sits down with Yahoo Finance's Market Domination to share his thoughts on the "welcomed" and renewed excitement around meme stocks. Infrastructure Capital Advisors CEO Jay Hatfield joins Julie Hyman for the latest edition of Good Buy or Goodbye, shedding light on which major player in the financial space he is all in on. Also, watch for the latest coverage around Walgreens' (WBA) plans to sell off its UK chain Boots, the latest iteration of OpenAI's ChatGPT artificial intelligence model, and Kraft Heinz's (KHC) intent to sell the Oscar Mayer brand. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 23 hours ago

GME

^GSPC

KHC
Dow Jones Futures: Stock Market Near Highs Ahead Of CPI Inflation; GameStop Surges 60% In Meme Mania

The stock market rally is near record highs with several stocks flashing buy signals ahead of CPI inflation data.

Investor's Business Daily 20 minutes ago

^DJI

NVDA

^GSPC
Robinhood Stock Is a Pick-and- Shovel Play on Meme Mania. It May Not Last.

A look at other brokerage stocks offers a reminder that factors such as high interest rates continue to put a lid on speculation.

Barrons.com 30 minutes ago

HOOD

GME
GLOBAL MARKETS-World stock index set for record high, dollar dips after PPI, Powell

MSCI's gauge of stocks across the globe was set for a record high close on Tuesday, while the U.S. dollar edged lower as investors digested U.S. producer prices data and comments from Federal Reserve Chair Jerome Powell. Major U.S. stock indexes also climbed, with the Nasdaq posting a closing all-time high. Data showed U.S. producer prices rose more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the second quarter.

Reuters 37 minutes ago

COMP

^GSPC

^DJI
US STOCKS-Nasdaq hits record close after Powell reassures investors, CPI in focus

The Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report. U.S. producer prices increased more than expected in April as the cost of services and goods rose sharply, leading traders to pare back bets of a first rate cut in September.

Reuters 39 minutes ago

COMP

^GSPC

^DJI
SunPower Stock Jumped 105%, Leading Residential Solar Energy Stocks

A short squeeze has hit the residential solar industry.

Motley Fool 41 minutes ago

SPWR
UPDATE 1-Net income for Uruguayan fintech dLocal down by half in first quarter

Uruguayan digital payments company dLocal on Tuesday reported its first quarter net income slid by 50.1% compared with the same period last year to total $17.7 million, the firm announced in a statement. The fintech said revenues for the first three months of the year rose by 34% to reach $184 million, just below the nearly $190 million forecast by analysts polled by LSEG. The Montevideo-based company operates across most of Latin America as well as parts of Africa and Asia for clients such as Google and Amazon.

Reuters 45 minutes ago

DLO
On Running Stock Leaps On Major Earnings Beat, Record Revenue

Swiss shoemaker On Running guided 2024 revenue growth ahead of analyst estimates with its Q1 earnings beat.

Investor's Business Daily 55 minutes ago

ONON
Nasdaq Closes at Record High Ahead of Consumer Inflation Report

Nasdaq Closes at Record High Ahead of Consumer Inflation Report

PREMIUM
MT Newswires 55 minutes ago

COMP

^GSPC
GME Stock, AMC Roar Back To Life As Key Player In Meme Rally Returns

GME stock, AMC spike after Keith Gill, also known online as Roaring Kitty, made his return to social media after a three-year hiatus.

Investor's Business Daily 56 minutes ago

GME

AMC
‘Roaring Kitty’ Sent GameStop Through the Roof Again. What His Record Shows.

Keith Gill, the trader known as Roaring Kitty who helped launch GameStop meme mania, is back online. But his original bull case on GameStop didn’t exactly pan out.

Barrons.com 1 hour ago

GME

CHWY

Performance Overview

Return	BLNC	S&P 500
YTD	+70.21%	+10.00%
1-Year	+70.21%	+27.22%
3-Year	-46.67%	+27.58%

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Related News

How institutional traders are getting in on meme stocks

Stocks close higher, small-caps abuzz on renewed meme trade

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Performance Overview