Happy Monday! Markets experienced fierce volatility today; the S&P 500 and Dow zigzagged until closing in the red today. The NASDAQ, on the other hand, continued to buck the trend seen in the other two major indices to carry out gains for the day. That said, let’s jump in:
Welcome back to Bullish Rippers! Even though just two days ago we said volatility was coming back down to Earth, the markets went and pranked everybody. Markets finished in the red for the day.
Happy Thursday! Some of y’all may have noticed we updated the Rippers schedule, with Thursday now the spot you can find our end-of-week list. We’re tackling some of the biggest movers of the week, so let’s get right to it ⬇️
Is a VC acquisition, shift toward E-Commerce and launch of new products like the PS5 enough to save GameStop?
🖥️ Online payments company Payoneer is looking to go public in a SPAC arrangement with FTAC Olympus Acquisition Corp. Though the deal is not closed, shares of $FTOC rose 23% this week on the news. Payoneer, a lesser known global payments company, made $300 million in revenue in 2019. They help service payments in freelancing, ecommerce and digital marketing companies like $FVRR, $UPWK, $AMZN, and $ABNB.
🎮 Biggest Ripper ➡️ After months of talking about GameStop, we are happy to say: “we told ya so.” $GME has gone on an 800% run since it was first featured on our Rippers list. It was also featured on our website in November, where we broke down why it was ripping and why we were skeptical. Despite our reservations, retail traders have sent $GME on a 100% rise in the last trading week. We’ll be watching it in the week ahead to see what’s next.
Hi, I’m Dr. Parik Patel, BA, CFA, ACCA, Esq. If you don’t know me already, I’m a Chartered Finmeme Analyst (CFA) with a particular expertise in #stonk valuation (pro-tip: just multiply by two).
Shares of companies like GameStop ($GME), AMC Entertainment ($AMC) and Virgin Galactic ($SPCE) went on big runs this week. The mainstream media has made these purchases out to be calculated ‘pump and dump’ schemes by users. But this isn’t correct.
2020 might have been the year that retail investors got their wings.
People are starting to wonder what the retail crowd will do next after r/WallStreetBets’ tremendous success with squeezing the shorts. Their next trades may not be as magnificent and widely covered, but knowing what the investing community’s most prominent group is talking about might provide some investors with an edge. In order to predict the next big trade, Bullish is taking a look at two tools investors can use to tap this crystal ball on markets — without even having to browse it themselves.