Meme Stock Volatility + A Successful IPO?

Here's what Green Zone Power Ratings says… Published By Money & Markets, LLC. May 18, 2024 Published By Money & Markets, LLC. May 18, 2024 [Turn Your Images On] Meme Stock Volatility + A Successful IPO? Editor's Note: Every week, you watch stocks from industries across the board pop (or drop), but you may wonder if it's time to buy in. That's what today's Money & Markets Daily is all about. We'll show you some of the week's biggest movers and then run them through Adam O'Dell's proprietary Green Zone Power Ratings to see how they stack up. - AMC Entertainment Holdings Inc. (NYSE: AMC): Shares of this struggling movie theater company had quite the week. Meme stocks like AMC and GameStop Corp. (NYSE: GME) were ripping higher Monday morning as investors banked on a repeat of the price action we saw in 2021. From Monday's open, AMC shares soared 238% to peak at $11.90 per share on Tuesday. But by Friday morning, the stock was trading back around the $4.60 level. No telling if investors will try to create another rally, but expect similar volatility if it happens again. This stock has been rated ["High-Risk"]( in our system for months now. If you want Adam's take on meme stocks like AMC, check out his latest Money & Markets Daily story [here.]( - Reddit Inc. (Nasdaq: RDDT): The Reddit IPO occurred on March 22, and the social media stock has enjoyed a nice run since then. On Friday, shares jumped 12% higher following news it had landed a partnership with OpenAI, the artificial intelligence company that created ChatGPT. The deal allows OpenAI to train its large language model using Reddit content in exchange for advertising on the site. RDDT rates ["High-Risk"]( in Green Zone Power Ratings in part because it's a newer company without years of public data to analyze. - Tupperware Brands Corp. (NYSE: TUP): Investors were searching for other potential meme stocks as the GME and AMC comeback to hold this week. One stock that benefited was TUP. The share price of the company, known for its food storage products, closed the week almost 70% higher than it was at Monday's open. TUP stock does not currently rate on our system after the company went through an aggressive restructuring of its debt load last year. There may be more juice in this rally, but buyer beware… — The Money & Markets team [Adam O'Dell]( Editor, [Money & Markets Daily]( --------------------------------------------------------------- Top Research From the Last Week [Turn Your Images On]( [A "Bullish" Cybersecurity Stock for 2024]( [Turn Your Images On]( [Boring Is Bullish: Just Look at This Shipping ETF’s Rally]( [Turn Your Images On]( [A Meme Stock Revival? Don’t Buy GameStop’s 110% Pop]( [Turn Your Images On]( [I Haven’t Seen This Sector’s Trend in 30 Years]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](