logo
So far the meme rally is tame and that's good for the market

So far the meme rally is tame and that's good for the market

CNBC24-07-2025
Bursts of speculative rallies in meme stocks have been largely held in check, making some believe the trading frenzy won't derail the overall market that's back at a record. Shares of Opendoor jumped about 7% in premarket trading Thursday after two days of retreat. The real estate startup gained sudden fandom among retail traders, pushing the stock up more than 300% this month. Other meme names that had been active were relatively tame. Wearable camera firm GoPro , doughnut maker Krispy Kreme and Kohl's all traded slightly lower Thursday. American Eagle Outfitters seems to be catching the meme wave , with shares skyrocketing 13% after the company unveiled a campaign with Sydney Sweeney. "The combination of the Momentum Unwind and Meme Mania 2.0 are reducing (eliminating?) people's ability to hold alpha shorts. Combine that with positive comments on M & A pipeline and the impending buyback bid and the storm clouds appear to be lifting ahead of the previously feared Aug 1 deadline," JPMorgan's trading desk said in a note to clients. "Now, if that US / EU hits the tape, we get a deal from China next week, and the macro data holds up and look for this market to take a significant step higher," it added. The heightened speculative activity on Wall Street coincided with a relief rally in the broader market amid better-than-feared tariff headlines. The S & P 500 closed at another record high Wednesday, bringing its 2025 gains to more than 8%. "At some point this steady stream of optimism likely will cause sentiment to jump to speculative levels which would warn of a selloff as nearly 80% of US companies have beaten 2Q earnings thus far and Meme stocks have been making a comeback," Mark Newton, head of technical strategy at Fundstrat, said in a note.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Retail Traders Bet Big on Europe and See Meme Stock-Like Returns
Retail Traders Bet Big on Europe and See Meme Stock-Like Returns

Bloomberg

time30 minutes ago

  • Bloomberg

Retail Traders Bet Big on Europe and See Meme Stock-Like Returns

By and Claire Ballentine Save The recent return of meme-stock froth to markets saw risk-loving retail traders riding the fleeting spikes in shares of Krispy Kreme and Kohl's as they hunt for gains that can beat the S&P 500. But for much of this year, a cohort of investors has been betting on a new, potentially more enduring trend: that European stocks will finally outperform their American counterparts, driven by a fundamental case for shifting some investment dollars elsewhere.

Bill Maher says he was wrong about Trump's tariffs — why the comedian is suddenly walking back his calls for catastrophe
Bill Maher says he was wrong about Trump's tariffs — why the comedian is suddenly walking back his calls for catastrophe

Yahoo

timean hour ago

  • Yahoo

Bill Maher says he was wrong about Trump's tariffs — why the comedian is suddenly walking back his calls for catastrophe

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Love him or hate him, Bill Maher isn't shy about eating his own words. On an episode of his Club Random podcast, the comedian says he was wrong about President Donald Trump's sweeping tariffs. 'Tariffs. Now, I remember, I, along with probably most people, were saying at the beginning, 'Oh, you know, by the 4th of July the economy was going to be tanked by then.' And I was kind of, like, 'Well, that seems right to me.' But that didn't happen,' Maher said in a clip posted July 28. 'The truth is, I don't know what [Trump's] strategy is. But look, the stock market is at record highs. I know not everybody lives by the stock market, but I also drive around, I don't see a country in a depression at all — I see people out there just living their lives. And I would have thought — and I've got to own it — that these tariffs were going to sink this economy by this time. And they didn't.' Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Many experts were — and several remain — critical of Trump's trade policies. Former Treasury Secretary Larry Summers called Trump's tariffs 'a self-inflicted wound on the American economy,' while Nobel Prize-winning economist Paul Krugman said they 'create an impossible environment for business.' To be sure, the uncertainty surrounding tariffs did rattle Wall Street. Trump's first 100 days were the worst start for stocks under a president since the Nixon era. But they've since bounced back, and as Maher alluded to, major indices like the S&P 500 and Nasdaq have hit new all-time highs. The blunt reality? While Trump's tariffs may have consequences — particularly on consumer prices — the U.S. economy remains a global powerhouse. That enduring strength is why investing legend Warren Buffett has long urged investors to stay optimistic about America's future. As Buffett wrote in his 2022 letter to Berkshire Hathaway shareholders: 'I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.' Here's a look at two simple ways to bet on America. Own a slice of America — the Buffett way For Buffett, betting on the U.S. is a no-brainer — thanks to his unwavering faith in the resilience and growth of American businesses. 'American business — and consequently a basket of stocks — is virtually certain to be worth far more in the years ahead,' Buffett wrote in his 2016 letter to shareholders. You don't need to be a stock-picking expert to follow Buffett's playbook. His advice to individual investors is as simple as it is enduring: 'In my view, for most people, the best thing to do is own the S&P 500 index fund,' he famously stated. This straightforward approach gives investors exposure to 500 of America's largest companies across various industries, providing diversified exposure without the need for constant monitoring or active trading. The beauty of this approach is its accessibility — anyone, regardless of wealth, can take advantage of it. Even small amounts can grow over time with tools like Acorns, a popular app that automatically invests your spare change. Signing up for Acorns takes just minutes: link your cards, and Acorns will round up each purchase to the nearest dollar, investing the difference — your spare change — into a diversified portfolio. With Acorns, you can invest in an S&P 500 ETF with as little as $5 — and, if you sign up today, Acorns will add a $20 bonus to help you begin your investment journey. Read more: BlackRock CEO Larry Fink has an important message for the next wave of American retirees — Invest in US real estate The U.S. is currently facing a significant housing shortage. A recent Zillow analysis estimated the housing shortage to be 4.7 million homes. Even Federal Reserve Chairman Jerome Powell has acknowledged the severity of the issue. 'The real issue with housing is that we have had, and are on track to continue to have, not enough housing,' he stated in September 2024. For investors, the housing supply gap presents a unique opportunity to invest in America. Housing demand isn't going away — regardless of who's in the White House, people will always need a place to live. In fact, Buffett has often pointed to U.S. real estate as a prime example of a productive, income-generating asset. In 2022, Buffett stated that if you offered him '1% of all the apartment houses in the country' for $25 billion, he would 'write you a check.' Of course, you don't need billions to benefit from real estate investing. Crowdfunding platforms like Arrived offer an easier way to get exposure to this income-generating asset class. Backed by world-class investors like Jeff Bezos, Arrived allows you to invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving any positive rental income distributions from your investment. Another option is First National Realty Partners (FNRP), which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

3 Volatility Predictions for Apple, Amazon and Other Mega Stocks for the Rest of 2025
3 Volatility Predictions for Apple, Amazon and Other Mega Stocks for the Rest of 2025

Yahoo

timean hour ago

  • Yahoo

3 Volatility Predictions for Apple, Amazon and Other Mega Stocks for the Rest of 2025

If you've been watching the stock market closely this year, you've probably noticed it feels a lot like riding a roller coaster. One week stocks are skyrocketing; the next they're plummeting. This kind of volatility isn't random. Since mega-cap stocks like Nvidia, Microsoft, Apple, and Amazon drive much of the overall market's performance, investors are keeping a close eye on them. Check Out: Try This: With so much attention on these mega stocks, here are three volatility predictions for the rest of 2025 and what it means for your investments. Stock Prices Are High and That Makes Them Volatile Right now, many of the mega companies on the stock market are trading at very high prices compared to their earnings, meaning they have high price-to-earnings (P/E) ratios. A high P/E ratio means that investors are willing to pay a premium for a company's stock due to strong future growth expectations. While this is not a bad thing, it means that such stocks are vulnerable to bad news. If Apple, Nvidia or any other mega-cap stock misses earnings even by a small amount, the stock price can drop much more sharply than it would if expectations were lower. And since most mega-cap stocks make up a huge portion of the overall market, especially the S&P 500 and Nasdaq, their volatility ends up affecting everyone. Explore More: The Fed Isn't Cutting Interest Rates Many investors expected the Federal Reserve to lower interest rates, but that hasn't happened. The Fed is holding rates steady in the 4.25% to 4.50% range due to inflation and tariff uncertainty. This has a big effect on the stock market, especially tech and growth stocks. High interest rates make borrowing expensive. That can slow down innovation for mega companies or delay new projects. Plus, when rates stay high, investors are more likely to move money out of stocks into safer investments like bonds and high-yield savings accounts. That shift can lead to more stock selling and more volatility overall. Uncertain Tariff Policies Earlier this year, President Donald Trump imposed tariff policies on several imported goods. While tariffs don't impact stocks directly, stocks often drop whenever a new tariff policy hits the headlines. This is because investors are worried about supply chain disruptions, higher costs for businesses and slower global growth. Such trade policy changes can lead to volatility in the stock market. And for mega companies like Apple, which relies heavily on overseas manufacturing, headlines about trade policies can move prices even if company fundamentals look strong. This is especially true for mega-cap stocks that have economic influence. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 25 Places To Buy a Home If You Want It To Gain Value Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on 3 Volatility Predictions for Apple, Amazon and Other Mega Stocks for the Rest of 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store