(Bong) Rippers: A Blazin’ 420 Edition of Our Hot Stock Picks

Happy 4/20! For #WeedWeek at Bullish, we’re diving into the business of bud and the commercialization of cannabis. In honor of the holidaze, we’re bringing you a special edition of Rippers — Bong Rippers — and breaking down what stocks are ripping in and around the world of weed. 

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How Are Semiconductor Stocks Performing Amid Global Shortage? 

The chips in our computers, graphics cards, cars, microwaves, refrigerators and phones are in short supply these days. A global semiconductor shortage is making it hard for everybody to get their hands on this necessary technology. Most of this shortage was self-inflicted. Take car companies for example; they didn’t expect millions of deliveries when the pandemic began to ravage the economy, but that’s what they ended up getting. 

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What do traders do when the stock market is closed? Apparently,  put their money in crypto

What do traders do when the stock market is closed? Apparently, they put their money in cryptos. It’s a generally accepted trend that when the stock market is closed, avid traders pivot to the crypto world on sites like Twitter and StockTwits. During this prolonged holiday weekend on the stock market, cryptos performed no different: 

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The NFT Stocks Taking Over the Markets

💰The rising prices of Bitcoin, Ethereum, and other cryptocurrencies caused a handful of crypto-facing companies such as $MARA and $RIOT to go on monstrous runs over the last few months. Now another fad is boiling over from the world of crypto into the world of equity markets: non-fungible tokens. NFTs are catching interest from investors and publicly traded companies.

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E-Commerce Stocks Rip as Tech Slides on Down Day

💰Online lender Upstart Holdings, which uses education and employment instead of credit score for loans, nearly doubled today after announcing its acquisition of a leading automotive retail software player Prodigy Software. This acquisition will allow them to expand into automobile loans. $UPST rose 89.3% today. 

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ROBLOX STOCK SURGES AFTER MARKET DEBUT

🎮 Online sandbox game platform ROBLOX went public yesterday to significant fanfare from investors. The company’s reference price was set at $45. However, shares of the company started changing hands up 65%. After Cathie Wood’s ARK Invest bought shares in the company, they surged into the mid-$70s. $RBLX is up 62% since their IPO yesterday. 

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