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Mar 27, 2024
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gamestop looks it like like j.p. has almost doubled the ipo price of $35 in five trading days that's a reversal of the usual pattern that sees high interest ipos decline after the first trading day. reddit is given a number of shares to site moderators part of the loyal base. what the three have in common is high retail base a high base of individual investors rather than institutional. retail investors move more on emotion and less moved by old school metrics, determining what the price of the stock should be based on future profitability and dividends. when gamestop exploded in 2021 there was traders messaging me to inform me this proved a dedicated, organized group could move a stock and fundamentals don't matter this is nonsense gamestop has been in a long slow decent since 2021. it was $75 that time, adjusted to $13 today so yes, you can get a small group of people moving stocks for a certain period of time but fundamentals matter for all the stocks in the long run. >> stick with us we want to discuss the implic
gamestop looks it like like j.p. has almost doubled the ipo price of $35 in five trading days that's a reversal of the usual pattern that sees high interest ipos decline after the first trading day. reddit is given a number of shares to site moderators part of the loyal base. what the three have in common is high retail base a high base of individual investors rather than institutional. retail investors move more on emotion and less moved by old school metrics, determining what the price of the...
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Mar 26, 2024
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next one gamestop is down 10% so far this year.ut softer hardware demand, especially for the nintendo switch and weaker game sales as downloads continue to gain market share well off its meme stock highs of course. but retail trader still a bit of focus in this game what's your take on this one >> i have to stay away from it or sell it if you own it i certainly don't want to short it but if you look at gamestop, it's 80% off its all-time high, up 120 right now back in december of 2023 they gave the ceo, ryan cohen, cart blanche to use the billion dollars in cash for whatever he thinks to buy equity so is it a hedge fund or is it actually gamestop? there's a lot of uncertainty there. i want to stay away from it. but from a trade perspective you can make money being long or short. however, the earnings probably most likely disappoint because the euphoria, all that gamestonk we saw a couple years ago seems to have faded. >> during closing bell overtime we'll have that for you in a couple of hours. just under a minute or so left overal
next one gamestop is down 10% so far this year.ut softer hardware demand, especially for the nintendo switch and weaker game sales as downloads continue to gain market share well off its meme stock highs of course. but retail trader still a bit of focus in this game what's your take on this one >> i have to stay away from it or sell it if you own it i certainly don't want to short it but if you look at gamestop, it's 80% off its all-time high, up 120 right now back in december of 2023...
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Mar 27, 2024
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that's kinda my thing. >>> good morning gamestop, i haven't heard that name in a while.the company's quarterly results straight ahead >>> nelson peltz winning support of a new backer in his proxy fight against disney shareholders will make a decision one week from today >>> and the nfl backtracking on an earlier decision. it now plans to schedule games on christmas day it's wednesday, march 27th, 2024, and "squawk box" begins right now. ♪ >>> good morning, everybody, and welcome to "squawk box" right here on cnbc we are live from the nasdaq market sooite in times square. i'm becky quick along with joe kernen andrew is off today. here we go it's wednesday it's hump day. >> it's really kind of thursday, which is the best day. >> because of good friday. i forgot. >> you know how good thursdays are, because it's the anticipation of friday. >> a nice long rollup. >> we have more time until monday. >> markets will be closed for friday we will be off air but this morning on this wednesday/thursday morning, you're going to see that the futures are indicated higher dow is up by 1
that's kinda my thing. >>> good morning gamestop, i haven't heard that name in a while.the company's quarterly results straight ahead >>> nelson peltz winning support of a new backer in his proxy fight against disney shareholders will make a decision one week from today >>> and the nfl backtracking on an earlier decision. it now plans to schedule games on christmas day it's wednesday, march 27th, 2024, and "squawk box" begins right now. ♪ >>> good...
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Mar 25, 2024
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, but i don't want to follow gamestop i'm not sure what goes on there.tocks in this that are rallying with all of the risk and the markets are at all-time highs. >> think reddit is a posterchild for the retail trading cohort that is sophisticated, perhaps a big angry or anti, as they say and i wouldn't be surprised if i see the stock trade with quite a bit of volatility and they expected that. we shouldn't be surprised seeing the options activity being that that is the cohort of retail investors that have really grasped on to squeezing companies through optionality and down squeezes. >> by the way, reddit shares are up 5% after hour there's a lot more "fast money" to come, here's what's coming up next. >> cheeven a the country looks to push out american manufacturers and what it could mean for the chip space next bulking up while slimming down the weight loss wars rage on and one company is trying to combat one major side effect from the big players. how one pharma name is tipping the scales with a new experimental drug. you're watching "fast money" live
, but i don't want to follow gamestop i'm not sure what goes on there.tocks in this that are rallying with all of the risk and the markets are at all-time highs. >> think reddit is a posterchild for the retail trading cohort that is sophisticated, perhaps a big angry or anti, as they say and i wouldn't be surprised if i see the stock trade with quite a bit of volatility and they expected that. we shouldn't be surprised seeing the options activity being that that is the cohort of retail...
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Mar 26, 2024
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and we are looking ahead to gamestop results.ntator sitting next to me. what is on your mind today? >> it is hard to draw any significant objections to the way the market is asking -- acting. low volatility drifted the end of the quarter sitting less than 1% from the all-time high. kind of sealing the books on a strong start to the year. that being said, i have a hard time not looking for what could possibly be standing out as less than strong. this is the fourth kind of exhausted sagging close in a row. maybe that is just the rebalancing of stocks and bonds that happen in the absence of other macro effects. and it is tough. i find personally tough to stick with a market where your main advantage is not overthinking it. your main advantage is, let the market keep grinding on the same positive news flow and backdrop. i find a more comfortable when there isn't really a steep wall of worry. a few months ago you could say, everybody thinks that this is everything and that the stocks fall apart and we are in trouble. i was able to say
and we are looking ahead to gamestop results.ntator sitting next to me. what is on your mind today? >> it is hard to draw any significant objections to the way the market is asking -- acting. low volatility drifted the end of the quarter sitting less than 1% from the all-time high. kind of sealing the books on a strong start to the year. that being said, i have a hard time not looking for what could possibly be standing out as less than strong. this is the fourth kind of exhausted sagging...
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Mar 27, 2024
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gamestop doing gain stock -- gamestop things. this is one to keep an eye on.his is bloomberg technology. ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. ed: robinhood best known for its trading services is rolling out a credit card to u.s. consumers as it looks to broaden its business and become a more expansive financial services company. they are joining us just joining us now is the robinhood co-founder and ceo. i think we get right to the why you decided to issue a credit card which is offering 3% cashback and basically everything. vlad: the simple reason is we see an opportunity in the credit card market to build something that is unique and we wanted to have the best rewards. we wanted the best digital experience and d
gamestop doing gain stock -- gamestop things. this is one to keep an eye on.his is bloomberg technology. ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly....
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Mar 26, 2024
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that's a -- gamestop's at 15. remember the $86 record high back in scan of 2021? okay.it matters what gamestop the says after the bell in their report card, it's being talked up by the retail crowd. it's being talked up on social media. this was the original meme if stock. if you are keeping track, they are expected to say that revenue fell about a 8% year-over-year in the last quarter. stuart: we've been in business now for almost six months. let's -- six minutes. the dow industrials up just 14 points. the dow winners, please, give me that that list. amgen, caterpillar, intel. sales salesforce. microsoft's on the list at 424. s&p 500 winners, seagate, mccormack, supermicro, tesla, western digital. and the nasdaq winner,s, tesla, marvell technology, constellation energy, micro tech and tradedesk. the 10-year treasury yield is up to 4.26%. the price of gold up to $2,210 an ounce. it's cracked above $2200 an ounce. bitcoin, $70,364, that's the level this. oil, $82 -- nah, $81.92 on oil. and nat gas still below $2. a the average price for a gallon of regular, $3.53. diesel
that's a -- gamestop's at 15. remember the $86 record high back in scan of 2021? okay.it matters what gamestop the says after the bell in their report card, it's being talked up by the retail crowd. it's being talked up on social media. this was the original meme if stock. if you are keeping track, they are expected to say that revenue fell about a 8% year-over-year in the last quarter. stuart: we've been in business now for almost six months. let's -- six minutes. the dow industrials up just...
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Mar 26, 2024
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the big money movers we start with the meme stock that we were familiar within the reddit rebellion gamestoparnings after the close today. take a look. you can see that stock up 1.5% keep in mind, shares are down 80% from the all-time high reached back in january of 2021. that was during the reddit rebe rebellion. >>> shares of truth media will begin trading on the nasdaq today under the ticker djt former president trump owns 50% of the media. >>> and chewy is looking to reverse the losses from yesterday when it hit the all-time low shares up .50% the retailer offered soft guidance for the quarter a number of price targets were revised to the down side, but more than half rate it as a buy. >>> coming up on "worldwide exchange," the fuel wedbush could drive the stock higher we chat with dan ives right after this break stay with us into the vending area. oh, not the fries! where's the ball? -anybody see it? oh wait, there it is! -back into play and... aw no, it's in the water. wait a minute... are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an
the big money movers we start with the meme stock that we were familiar within the reddit rebellion gamestoparnings after the close today. take a look. you can see that stock up 1.5% keep in mind, shares are down 80% from the all-time high reached back in january of 2021. that was during the reddit rebe rebellion. >>> shares of truth media will begin trading on the nasdaq today under the ticker djt former president trump owns 50% of the media. >>> and chewy is looking to...
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Mar 26, 2024
03/24
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yesterday's news as far as gamestop. we are still fed related. you cannot get over the fact that almost five or six weeks ago jay powell was on 60 minutes calling bloomberg tiktok. he was there counting the tables. i'm doing my job but treasury is deficit spending and making my job managing unemployment, inflation, and treasury functioning very difficult. i think we are not out of the woods there. this is one year since the banks blew up in march. we have some bumps along the way as far as rates for the banks and the economy are concerned. katie: maybe there are still some shoes to drop when it comes to some of those regional banks, the lenders there. i want to talk about energy. you highlight that in your note . we are talking about tech, meme stocks, energy feels like it has a much different vibe. when it comes to that sector how are you thinking about it? mark: energy -- if you look accrued -- let's compare energy to banks. thanks monetize interest rates. the old yarn was there was 360 operation. they lend at 6:00 in the afternoon. that model
yesterday's news as far as gamestop. we are still fed related. you cannot get over the fact that almost five or six weeks ago jay powell was on 60 minutes calling bloomberg tiktok. he was there counting the tables. i'm doing my job but treasury is deficit spending and making my job managing unemployment, inflation, and treasury functioning very difficult. i think we are not out of the woods there. this is one year since the banks blew up in march. we have some bumps along the way as far as...
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Mar 22, 2024
03/24
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with the gamestop debacle we saw over one billion page views in a short period of time, in a month.nd we saw that continued for several months. to think that redditors now, who might be investors themselves, can have a positive impact on the stock, and deepen their relationship with the company and with the platform. ed: we just have 30 seconds. for someone that has no idea what reddit is, what is your pitch for them to get on the platform? noor: reddit is a city that is incredibly deep, with countless communities to fill every need that you knew or didn't know that you are interested in learning more about. if you have an intellectual curiosity that cannot be satisfied, but it is the place for you. ed: head moderator of wall street that's on reddit. moderators are volunteers. right to have you on the program. coming up, tesla, reducing production at one of its chinese plants as eb sales growth slows. we are going to bring you those stories next. this is "bloomberg technology." ♪ so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tenn
with the gamestop debacle we saw over one billion page views in a short period of time, in a month.nd we saw that continued for several months. to think that redditors now, who might be investors themselves, can have a positive impact on the stock, and deepen their relationship with the company and with the platform. ed: we just have 30 seconds. for someone that has no idea what reddit is, what is your pitch for them to get on the platform? noor: reddit is a city that is incredibly deep, with...
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Mar 27, 2024
03/24
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stuart: gamestop, i believe they're sharply lore this morning. yes, they are. what's the problem? buying and playing video games online, and you have once again a consumer that is pulling back. if you look at their sales of hardware consoles like the playstation, down 61% in the quarter. so there is no relief in sight. they're also cutting an uncbs 2 -- unspecified number of jobs. stuart: the dow just keeps on going up. right from the opening bell this morning we've gone higher. right now we're up 288 points, that's the best part of three-quarters of 1%, .73%, to be precise. and look at the winners, merck, intel, disney, dow, verizon. they're top of the winners' list on the dow. by the way, 29 of the dow 30 are up. this is a rally. the s&p 500, merck, enphase, intel,s nasdaq composite winners, please, headed by -- marvell technology, intel, warner brothers, xl energy. no other big -- well, intel's a big name. check the 10-year treasury yield it's down. it's below 4.25%. the price of gold morning, well above $2,200 per ounce, 2209, to be precise. bitcoin's at $70,900. oil right aro
stuart: gamestop, i believe they're sharply lore this morning. yes, they are. what's the problem? buying and playing video games online, and you have once again a consumer that is pulling back. if you look at their sales of hardware consoles like the playstation, down 61% in the quarter. so there is no relief in sight. they're also cutting an uncbs 2 -- unspecified number of jobs. stuart: the dow just keeps on going up. right from the opening bell this morning we've gone higher. right now we're...
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Mar 21, 2024
03/24
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that people are talking about is that you may remember the game stop story we were talking about —— gamestopsocial media and where people were investing for not necessarily financial reasons but emotional reasons driven by a frenzy on social media. this is one of those stocks that has that potential, it was something they cited on their listing with american financial regulators so it will be interesting to see, given that users have been invited to own shares in this, what impact that has, that culture, how does that interact with wall street going forward? we don't yet know although it has priced, it hasn't started trading yet. also although it has priced, it hasn't started trading yet.— although it has priced, it hasn't started trading yet. also talk to me about regulation _ started trading yet. also talk to me about regulation because _ started trading yet. also talk to me about regulation because whenever started trading yet. also talk to me . about regulation because whenever we talk about data and the value of the firm is really in that data, we were talking earlier in the programme a
that people are talking about is that you may remember the game stop story we were talking about —— gamestopsocial media and where people were investing for not necessarily financial reasons but emotional reasons driven by a frenzy on social media. this is one of those stocks that has that potential, it was something they cited on their listing with american financial regulators so it will be interesting to see, given that users have been invited to own shares in this, what impact that has,...
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Mar 26, 2024
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gamestop is still around but it's probably 25% down year-to-date.ts here to this company. its user base is a fraction of twitter. it is literally blowing up because of the name donald trump. now maybe trump can make it profitable. he hasn't been able to do that so far but if you were to going to do a price earnings ratio on a stock, i can't do it in my head -- liz: called an na, not available, applicable. >> you would see there is no -- liz: a lot of companies, charlie, look, reddit just went public, no profit. >> that doesn't mean it will stay at its stock price. liz: exactly. >> where it is. liz: true. >> i think you have to be careful if you're the average investor there is a lot of stuff that can cause this stock to go essentially in half, like amc's did and gamestop has blown up and all that. liz: more than $60 million lost to the short he willers that bet against it today on opening day. >> today. maybe not tomorrow paper losses. >> they said about amc when it became the best short over the last two or three years. be very careful. there will
gamestop is still around but it's probably 25% down year-to-date.ts here to this company. its user base is a fraction of twitter. it is literally blowing up because of the name donald trump. now maybe trump can make it profitable. he hasn't been able to do that so far but if you were to going to do a price earnings ratio on a stock, i can't do it in my head -- liz: called an na, not available, applicable. >> you would see there is no -- liz: a lot of companies, charlie, look, reddit just...
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Mar 27, 2024
03/24
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liz: we've got a fox business alert, gamestop shares sinking 14.75% after the video game retailer said cut an unspecified number of jobs to help reduce costs. the i announcement comes after fourth quarter revenue fell 19% year-over-year. according to reuters, increased competition from if e-commerce firms along with weak consumer spending have continued to impact gamestop. right now the stock is at $13.21. from a video game exchange to a crypto exchange, coinbase shares down nearly 4% right now after of the securities and exchange commission scored a major win against the crypto platform. a judge ruled that the sec's claim that coinbase engaged in sales of unregistered securities could be heard by a jury trial. following the ruling, a spokesperson for the sec said it was cheese -- pleased that yet another court has confirmed that while the term, quote, crypto, may be relatively knew, the frameworks that the courts have used for nearly 80 years still applies. the sec first filed the lawsuit in june claiming coinbase was operating as an unregistered broker. coinbase falling about 4% righ
liz: we've got a fox business alert, gamestop shares sinking 14.75% after the video game retailer said cut an unspecified number of jobs to help reduce costs. the i announcement comes after fourth quarter revenue fell 19% year-over-year. according to reuters, increased competition from if e-commerce firms along with weak consumer spending have continued to impact gamestop. right now the stock is at $13.21. from a video game exchange to a crypto exchange, coinbase shares down nearly 4% right now...
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Mar 21, 2024
03/24
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it became famous for its collective and successful effort to draw shares in gamestop higher than theyically should have been. hollywood made a movie about it. wall street bets aren't that positive about the future of reddit. the ceo steve huffman addressed that on cnbc. >> first of all, look, i love wall street. i'm a user. i've seen their comments over the last couple of weeks and i send them my regards and that's reddit. reddit is people. reddit is fun and special, but sometimes a crazy place. >> huffman who already gets paid more than mark zuckerberg does and is one of the main beneficiaries of the ipo and the other, the co-founder alexis ohanian. if you don't know alexis, you may be familiar with his wife, serena williams. the head of open ai will cash in thanks to early investments in reddit. he should come away with hundred of millions with the opening price of $34. a share. >> it is its main way of making money. it did make a deal with google to allow google to scrape the site in order to scrape google's ai, but that was a one-off deal. i'm not telling you to buy or not buy red
it became famous for its collective and successful effort to draw shares in gamestop higher than theyically should have been. hollywood made a movie about it. wall street bets aren't that positive about the future of reddit. the ceo steve huffman addressed that on cnbc. >> first of all, look, i love wall street. i'm a user. i've seen their comments over the last couple of weeks and i send them my regards and that's reddit. reddit is people. reddit is fun and special, but sometimes a crazy...
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Mar 23, 2024
03/24
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CNNW
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it didn't end well, for gamestop, right? i mean, is this do you think headed in the same direction >> well, you showed the charts. i mean, if you take a look at amc, which you put up there, peaked at about $200 a share in today, trades around $4 a share ultimately the market starts to look for reality and reality is what are earnings and what are profits and what's happening with growth and businesses. and so at some point, the market tends to be always right, and it's hard to beat the market and the market is going to want to see reality eric kirsch thank you. appreciate your expertise. what are your thoughts? hit me up on social media. i'll read some responses throughout the course of the program from the world of x. are you sure it's not from the world of truth, social catherine easy answer. love of trump. every time trump has attacked people love him more people that didn't like him before now, love him because of this and they're going to vote for him as well. i have to say in response to this and this individual calls
it didn't end well, for gamestop, right? i mean, is this do you think headed in the same direction >> well, you showed the charts. i mean, if you take a look at amc, which you put up there, peaked at about $200 a share in today, trades around $4 a share ultimately the market starts to look for reality and reality is what are earnings and what are profits and what's happening with growth and businesses. and so at some point, the market tends to be always right, and it's hard to beat the...
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Mar 27, 2024
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gamestop cut an unspecified number of jobs to reduce costs late last year gamestop's board approved a new investment policy that allows it to invest in equities and other securities. they said they gave the executive chair ryan cohen the ability to manage it. >> i think it was up maybe on this next story. >> right. >> people were revisiting all of those stocks because of reddit. >> reddit shares rose again yesterday, up another 8.8c%. new street research issued a neutral rating after the stock goes to the moon the first earnings report is expected in may. again, since the ipo a week ago, up 91%. >>> and shares of robinhood rising after its first ever credit card. it's entering the competitive space with a robinhood gold card offering 3% on all categories. it will require a gold membership that runs for $5 a month or $50 annually. we'll speak with ceo savlad tanv >>> americans have a dangerous blood pressure in the lungs, most commonly in the elderly, women, and african americans, and the drug will be sold in the u.s. it will cost $14,000 per vial and will be taken every three weeks. i
gamestop cut an unspecified number of jobs to reduce costs late last year gamestop's board approved a new investment policy that allows it to invest in equities and other securities. they said they gave the executive chair ryan cohen the ability to manage it. >> i think it was up maybe on this next story. >> right. >> people were revisiting all of those stocks because of reddit. >> reddit shares rose again yesterday, up another 8.8c%. new street research issued a neutral...
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Mar 15, 2024
03/24
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post-covid thing that happened with gamestop and amc. it hasn't gone away.effect created in crypto is floating back into the a.i. side. there is an undercurrent of that which makes sense. >> amy wu silverman, thank you. have a nice weekend. >> you, too. >>> keep it here. "squawk box" is coming up next. see you on monday. were you wog would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from her sister's in napa. who gets married in napa? my daughter. who gets married someplace more expensive? my other daughter. cancun! jamaica!! why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. can we get out of here? i thought you'd never ask. join 18 million americans and take control of your financial future with a real time dashboard and real life conversations. empower. what's next. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cir
post-covid thing that happened with gamestop and amc. it hasn't gone away.effect created in crypto is floating back into the a.i. side. there is an undercurrent of that which makes sense. >> amy wu silverman, thank you. have a nice weekend. >> you, too. >>> keep it here. "squawk box" is coming up next. see you on monday. were you wog would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from her sister's in napa. who gets...
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Mar 21, 2024
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mentioned, also crypto based names where there is that meme element to it that harkens back to amc and gamestop and nvidia would stay hot for a long time. take a look at how people are positioned around nvidia. is there anything priced in terms of that -- of them losing that share? >> no. it is just not nearly at the peak levels that we saw back to last summer. the idea that anyone is considering any hedging does not exist. it is completely absent. if you are an investor who has participated in this much upside, you would think that there is the idea of protecting some gains and that is completely absent with anything relating to ai. katie: let's go down the list. supercomputers really coming out of nowhere. these names that had not been on the radar in the same way that these other names are. >> it is very fascinating to me. look at them in terms of and performance. this is often a different market cap, but the first early footprints that you got was this idea that the started outweighing put demand. i know it just joined the s&p, but you actually had a lot of value. the problem is it is start
mentioned, also crypto based names where there is that meme element to it that harkens back to amc and gamestop and nvidia would stay hot for a long time. take a look at how people are positioned around nvidia. is there anything priced in terms of that -- of them losing that share? >> no. it is just not nearly at the peak levels that we saw back to last summer. the idea that anyone is considering any hedging does not exist. it is completely absent. if you are an investor who has...
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Mar 27, 2024
03/24
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this is like gamestop. amc we saw a couple years ago, financials did not make sense but it was a community movement. trump's net worth added 4.5 billion, he can't access the shares for another 6 months. unless he gets board approval. larry: i want to say one thing. all the start ups so many of tech start ups lost money for years. i'm thinking of amazon, twitter. i could go down a long list. what is happening is not unusual. that is my comment. i think that stock tells you that people think there is a lot of value, thank you kelly o'grady. couple thoughts from me on this. donald trump successful trump media stock offering is first and more most vote of confidence by his supporters in the country. at the time when mr. trump is under attack fro weaponize lawfare and election interference campaign waged death penalty against him by joe biden and left wing prosecutors. mr. trump stands tall today. price of trump media soared, his wealth has jumped over 6 billion dollars. putting him as one of the wealthiest peop
this is like gamestop. amc we saw a couple years ago, financials did not make sense but it was a community movement. trump's net worth added 4.5 billion, he can't access the shares for another 6 months. unless he gets board approval. larry: i want to say one thing. all the start ups so many of tech start ups lost money for years. i'm thinking of amazon, twitter. i could go down a long list. what is happening is not unusual. that is my comment. i think that stock tells you that people think...
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Mar 27, 2024
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gamestop is dropping like a rock.is cutting jobs as it tries to contend with week spending and increased competition. getting cooked by climate change , the toronto retailer will cut 17% of its corporate workforce sales, thanks to unseasonably warm temperatures in the u.s. finally, h&m reporting today. it is making a lot of buzz. you can find the latest on your bloomberg terminal. coming up, speaking to the ceo of redfin. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh not all caitlin clarks are the same. caitlin clark. city planner. avalarahhh just like not all internet providers are the same. don't settle. you want fast. get fast. you want reliable. get reliable. you want powerful. get powerful. get real deal speed, reliability and power with xfinity. she shoots from here? that's kinda my thing. hi, i'm kevin, and i've lost 152 pounds on golo. (uplifting music) my biggest concern when i started golo was food. i'm a big guy an
gamestop is dropping like a rock.is cutting jobs as it tries to contend with week spending and increased competition. getting cooked by climate change , the toronto retailer will cut 17% of its corporate workforce sales, thanks to unseasonably warm temperatures in the u.s. finally, h&m reporting today. it is making a lot of buzz. you can find the latest on your bloomberg terminal. coming up, speaking to the ceo of redfin. ♪ when you automate sales tax with avalara, you don't have to worry...
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Mar 25, 2024
03/24
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we get durable goods and earnings from walgreens and gamestop the biggest is core pce on friday >>> thend s&p off the best weekthis week. futures are inthe red. the dow would open 65 points lower. goldman sachs is sticking with the year-end s&p target of 5,200. the index could move 50% higher. this could lead to 6,000 the bank adds a.i. optimism is high, but mega cap tech stocks are far from bubble territory. let's talk more about this with jeff kilburg jeff, good morning good to see you. >> good morning, frank >> i want to get your take of the goldman sachs report agree with them that there is a possibility for the s&p to hit 6,000 on the back of mega cap tech >> that is part of the euphoria we're talking about. all of the analysts with the near 10% move higher on the s&p is reconfiguring the price targets. as asset hanmanagers, we don't movie on that. i think at this moment in time, frank, we see a lot of people move the price target which makes me unsettled that is the cash narrative chasing the market higher. >> you feel unsettled. how do you see the trading day an s ahead? what is
we get durable goods and earnings from walgreens and gamestop the biggest is core pce on friday >>> thend s&p off the best weekthis week. futures are inthe red. the dow would open 65 points lower. goldman sachs is sticking with the year-end s&p target of 5,200. the index could move 50% higher. this could lead to 6,000 the bank adds a.i. optimism is high, but mega cap tech stocks are far from bubble territory. let's talk more about this with jeff kilburg jeff, good morning good...
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Mar 1, 2024
03/24
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. >> it's more of a rational play for gamestop. that clown car is out of the market. now it's looking at fundamentals and the fundamentals with the unknown expert, who is not as expert as jim and i, by the way, right, jim? >> jim gave you a wink. i don't know if you saw it. speaking of investors, that's what you're doing right now, i think you might be talking about yourself. to our "chart of the day" talking about dell following big quarterly earnings fueled by ai server demand. weiss, you already front run us on this, what are you looking at? >> so here is what's bizarre. look, they had a good quarter. >> it was a really good quarter. >> well, yes and no. okay. what was good about it they had 800 million in ai server revenues, and the backlog went from 1.6 billion to 2.9 billion. good numbers. it's a $90 billion revenue company. so -- and, by the way, they just came in line on revenue, and they lowered guidance for the first quarter next year, right? so what was so great about it? so, to me, you don't add market cap -- you don't increase market cap by a third on tha
. >> it's more of a rational play for gamestop. that clown car is out of the market. now it's looking at fundamentals and the fundamentals with the unknown expert, who is not as expert as jim and i, by the way, right, jim? >> jim gave you a wink. i don't know if you saw it. speaking of investors, that's what you're doing right now, i think you might be talking about yourself. to our "chart of the day" talking about dell following big quarterly earnings fueled by ai server...
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Mar 21, 2024
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we think about half -- what happened with gamestop, for example.here is a double-edged sword here as investors. how secure are you that you will not become a meme frenzy yourself, to the up and down? jen: i love the ethos of that community and all of our investing communities. who knows? it is reddit. who knows what is going to happen? we'll see. it is hard to say, but in the end i think having our users be shareholders is a good thing. and i think ultimately we will be judged on our performance. that will take time for people to know, but ultimately that is what investors judge us on. ed: we are awaiting the opening trade. bloomberg reporting the indication is the stock will open somewhere between $42 and $46 a share. that is quite a premium on the ipo price. you are one of the biggest shareholders as well. give us your personal feeling in this moment. jen: you know, it is kind of like a wedding day, i guess. lots of different emotions, joy, relief, jitters, all of it in one. i haven't even processed it, frankly. but it is a special moment. it is
we think about half -- what happened with gamestop, for example.here is a double-edged sword here as investors. how secure are you that you will not become a meme frenzy yourself, to the up and down? jen: i love the ethos of that community and all of our investing communities. who knows? it is reddit. who knows what is going to happen? we'll see. it is hard to say, but in the end i think having our users be shareholders is a good thing. and i think ultimately we will be judged on our...
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Mar 30, 2024
03/24
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profitable a meme stock is when retail investors get behind and make individual stock or several stocks like gamestopvalue of the stock and encourage each other to purchase it. whether social forms like truth social or others can encourage each other to keep buying it and it does boost the stock price the digital world acquisition corp. , a special acquisition company that bought trump's media company has been up to 50% in the past year . the enthusiasm is there. the thing is trump cannot realize the wealth until he sells his stock it just went public last week and all insiders that received the stock before he went public have to wait six months in lockup expiration before they sell, unless the board of directors grants him a special -to sell the stocks. it would be very strange not to change if you think about who is on the board of the company. >> and a stocked up with a bunch of trump fans. let me ask about a commercial on a much lighter note. tomorrow is easter sunday. the cost of filling a basket with chocolate bunnies caleb, and eggs, has gone up because of the price of cocoa soaring to a all-
profitable a meme stock is when retail investors get behind and make individual stock or several stocks like gamestopvalue of the stock and encourage each other to purchase it. whether social forms like truth social or others can encourage each other to keep buying it and it does boost the stock price the digital world acquisition corp. , a special acquisition company that bought trump's media company has been up to 50% in the past year . the enthusiasm is there. the thing is trump cannot...
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Mar 27, 2024
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so gamestop down 15% some of the other volatile names like trump media and technology, newly minted publicpany, up about 17%. so kind of building on some of that momentum we saw during the first day of trading reddit shares not public very long, down 11% right now $57.95 and tesla is the one that a lot of folks are talking about as a battleground stock in the mega cap technology-ish side of things it is expected they will result q1 delivery results next week. today, a slew of analysts are out with commentary ahead of those reports, including citi group, red burn atlantic, both teams there cutting their target price on tesla and a kind of tug of war developing there, but tesla shares up 1.5% today back over to you >> dom, great stuff. thanks so much >>> let's look at the latest cnbc delivering alpha investor survey, which brings together the market intentions of leading strategists and our own contributors we asked them for their strategy on overseas market in the second quarter and beyond 14% of respondents say they're focused on japan 26% are interested in europe only 4% are looking at ch
so gamestop down 15% some of the other volatile names like trump media and technology, newly minted publicpany, up about 17%. so kind of building on some of that momentum we saw during the first day of trading reddit shares not public very long, down 11% right now $57.95 and tesla is the one that a lot of folks are talking about as a battleground stock in the mega cap technology-ish side of things it is expected they will result q1 delivery results next week. today, a slew of analysts are out...
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Mar 27, 2024
03/24
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because it's other companies -- >> all these valuations are ridiculous just.lous >> then it's like gamestopre on truth social?tr show it to me. >> i'm not having you look at my phone. >> show me your phone. >> how dare you. >> show me. i have lost control. do you want to comment?co >> no offense, jessica.je >> the fence has already been taken. >> the critics ago after whethee it's trump or elon musk or any capitalisty , it's just funny to me because just because you are in the media or somebody once called you an expert or you t imshowed up four times on cnbc s talk aboutto stocks, somehow yow know what somebody is doing? if this is a scam, tell me who's being ripped off. who's involuntarily investing on this. tell me abougalit the illegalitm it. it's funny coming from people who push things like air america or blm or dei, who support the, climate agreement or do you went for the actual election of biden.we you want t wo scam, this guy pod himself off as a moderate unifier.ta talk about pump and dump. that's biden's life. pump and dump. this is going to play out as a movie. we are ivie,n th
because it's other companies -- >> all these valuations are ridiculous just.lous >> then it's like gamestopre on truth social?tr show it to me. >> i'm not having you look at my phone. >> show me your phone. >> how dare you. >> show me. i have lost control. do you want to comment?co >> no offense, jessica.je >> the fence has already been taken. >> the critics ago after whethee it's trump or elon musk or any capitalisty , it's just funny to me...
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Mar 26, 2024
03/24
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one expert describes the sheriff says a meme stock similar to gamestop or amc when they skyrocketed invalue during the pandemic. and according to a recent regulatory filing, the company has yet to return a profit. and the x platform by elon musk is reportedly struggling to attract and keep users since he purchased that social media company. according to data from the market firm sensor tower, u.s. user base for tax has been down a flat every month since last bought that platform in 2022. last month, ex had 27 million active american daily users. that's down 18% from previous year. as we show video of instagram. i think that tells you what we need to know here. all right. coming up, a rare business card with steve jobs signature going up for auction and it becomes the most expensive. >> signed business card. so >> signed business card. so how much do you think it went -we're done. -what about these? looks right. nooo... nooo... quick, the quicker picker upper! bounty absorbs spills like a sponge. and is 2x more absorbent so you can use less. bounty, the quicker picker upper. new herbal
one expert describes the sheriff says a meme stock similar to gamestop or amc when they skyrocketed invalue during the pandemic. and according to a recent regulatory filing, the company has yet to return a profit. and the x platform by elon musk is reportedly struggling to attract and keep users since he purchased that social media company. according to data from the market firm sensor tower, u.s. user base for tax has been down a flat every month since last bought that platform in 2022. last...
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Mar 27, 2024
03/24
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consumer spending the stock is down 34% in the last year and it shows interest rates but we will get the gamestopit was certainly one of the heavily traded yesterday, quick break all tomorrow francis scott key collapse the bridge scott cruz entered the recovery phrase as six construction workers are presumed dead. florida congressman and house foreign affairs cory mills is joining us with his efforts to rescue americans trapped in haiti's gang violence. back in a minute. ♪ before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. if you have wet amd, you never want to lose sight of the things you love. some things should stand the test of time. long lasting eylea hd could significantly improve your vision and can help you go up to 4 months between treatments. if you have an eye infection, eye pain or redness, or allergies to eylea hd, don'
consumer spending the stock is down 34% in the last year and it shows interest rates but we will get the gamestopit was certainly one of the heavily traded yesterday, quick break all tomorrow francis scott key collapse the bridge scott cruz entered the recovery phrase as six construction workers are presumed dead. florida congressman and house foreign affairs cory mills is joining us with his efforts to rescue americans trapped in haiti's gang violence. back in a minute. ♪ before you use ai...
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Mar 29, 2024
03/24
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. >> okay, then he's the game -- it's like gamestop. right? >> you know what? >> no?ow you look at this? you look at this -- >> oh, you're on truth social? >> i'm on truth social. >> show it to me. >> i'm not having you look at my phone. >> show me your phone. >> how dare you? >> seth: why won't you show her your phone? [ laughter ] oh, is the only app candy crush and do you have it downloaded twice? [ laughter ] seriously, jesse, why won't you show us your phone? is it because you're afraid we'll see the video you took of rudy driving his car? [ laughter ] trump himself seems to have no idea how the business works. for example, the special acquisition company trump media merged with is listed on the nasdaq rather than the larger new york stock exchange but when he tried to explain why trump offered a mind-boggling and nonsensical answer. >> truth social is doing very well. it's hot as a pistol and doing great. and it's going public. and the new york stock exchange wants to have us badly. and i told them we can't do the new york stock exchange. you're treated too badl
. >> okay, then he's the game -- it's like gamestop. right? >> you know what? >> no?ow you look at this? you look at this -- >> oh, you're on truth social? >> i'm on truth social. >> show it to me. >> i'm not having you look at my phone. >> show me your phone. >> how dare you? >> seth: why won't you show her your phone? [ laughter ] oh, is the only app candy crush and do you have it downloaded twice? [ laughter ] seriously, jesse, why...
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Mar 29, 2024
03/24
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sometimes stocks can go up not necessarily on fundamental value, but because of if you look at amc and gamestopping, because people are bidding a stock higher. and this is a bet on the trump brand. i wouldn't be so sure that the stock's going to go down. ashley: yeah. isn't the concern at some point he may be able to sell his stock to raise a money, and if what does that do to the investor? >> yeah. well, obviously if president trump had to sell his shares, there is a lock-up, so-called lock-up period for six months before he can leverage or sell at in this moment in time. so to offset some of his legal piece, $175 million or whatever it is that he owes down from $474 million which is -- i can't even believe i'm saying those numbers. but, look, the guy is a businessman that continues to reunvent himself. so whether or not -- reinvent himself. whether or not you are a subscriber to truth social or whether or not you are a political support of president trump, the guy knows how to make money and brand himself. and if you look back at twitter in the early day, they didn't make money. they couldn't fig
sometimes stocks can go up not necessarily on fundamental value, but because of if you look at amc and gamestopping, because people are bidding a stock higher. and this is a bet on the trump brand. i wouldn't be so sure that the stock's going to go down. ashley: yeah. isn't the concern at some point he may be able to sell his stock to raise a money, and if what does that do to the investor? >> yeah. well, obviously if president trump had to sell his shares, there is a lock-up, so-called...
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Mar 26, 2024
03/24
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the best comparison i can give you larry, this is like the gamestop, the amc we saw a couple years agothe financials didn't make sense there but there was a real community movement of those smaller investors. trump's net worth added another four 1/2 billion today or so. he can't though, larry access the shares for another six months unless he gets board approval. i will sent it back to you. larry: i will say one thing, all these startups, some of these tech startups lost money for years. i'm thinking of amazon for one, twitter for another but i could go down a long list. what is happening here not at all unusual. anyway that was just my comment. i think the stock tells you that people think there's a lot of value. thank you, kelly o'grady, we appreciate it. couple of additional thoughts from me on this story. donald trump's wildly successful trump media stock offering is first and foremost a vote of confidence by his supporters all around the country, okay? at a time when mr. trump is under attack from the weaponized lawfare and the election interference campaign waged against him by j
the best comparison i can give you larry, this is like the gamestop, the amc we saw a couple years agothe financials didn't make sense there but there was a real community movement of those smaller investors. trump's net worth added another four 1/2 billion today or so. he can't though, larry access the shares for another six months unless he gets board approval. i will sent it back to you. larry: i will say one thing, all these startups, some of these tech startups lost money for years. i'm...
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Mar 25, 2024
03/24
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>> i don't think it's off base, scott, and i don't think so because if we really think back to gamestopu know, reddit is the place where a lot of the activity happened to be able to make those stocks very volatile. so, i don't put it outside of what could happen. i mean, that's obviously a risk. and i would even say, you know, the sentiment was a little bit mixed in some of the forums. people -- some of the people in the forums were really excited i think some of the people in the forums were maybe a little bit negative and more multiple reasons. one reason is because, you know, look, let's be real. when we think about how reddit makes money, it's monetizing the content of others. and you know, i think there may be a little bit of negative sentiment around that. but overall, everything looks good you probably would have seen more of that negative backlash if we were going to see it, we probably would have started to see it by now. but you never know you never know how these forums are going to play out. >> you're obviously locked up from doing anything in the stock. do you feel as thoug
>> i don't think it's off base, scott, and i don't think so because if we really think back to gamestopu know, reddit is the place where a lot of the activity happened to be able to make those stocks very volatile. so, i don't put it outside of what could happen. i mean, that's obviously a risk. and i would even say, you know, the sentiment was a little bit mixed in some of the forums. people -- some of the people in the forums were really excited i think some of the people in the forums...
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Mar 26, 2024
03/24
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gamestop is one that i'm following. the bottom line should benefit here from some cost controls, some store closures, but what is the long-term growth for the top line for recurring good revenue? that is the big question of this stock. jackie: speaking of meme stocks. taylor: original one. brian: are we back in that moment again? is this that moment? >> taylor: talk to me about the fundamentals. brian: she is talking about fundamentals. charles payne is up next. charles: taylor, that is a whole different market. that is yesterday. this is today, all right. good afternoon, everyone, i'm charles payne, this is "making money." breaking today, right now stocks more or less this week in old whoing pattern. we got the big news on friday. this gives investors time to think. i have to be honest, i'm not sure that is a great thing. shah ghailani is give us his read on all that. the housing crisis is a political hot potato, but what are solutions? we have some for you on this show. larry fink is raising the flag on america's reti
gamestop is one that i'm following. the bottom line should benefit here from some cost controls, some store closures, but what is the long-term growth for the top line for recurring good revenue? that is the big question of this stock. jackie: speaking of meme stocks. taylor: original one. brian: are we back in that moment again? is this that moment? >> taylor: talk to me about the fundamentals. brian: she is talking about fundamentals. charles payne is up next. charles: taylor, that is a...
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Mar 30, 2024
03/24
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it's not just gamestop. there's two of them read it and trump trump's social truth, social excuse me. it's just trump's social justice. just call it that >> read it is actually a real company, $800 million in revenue does not make money, but it has 76 million users. there's on a daily basis, it is, it popped in its ipo, its first ipo, and it's going back and forth because people on the, on the service make it go up and down that said the real meme stock, the mimi is stock of mainville is trump's truth, social, and its shares jumped. it is worse, 776, $7 billion dollars it makes three. the first, the first three quarters of this year, it may 3 million it's i make more in my pot and one of my podcast than they do in revenue. it is a, it is a short waiting to happen and we'll see what happens. >> jonah, what have you got for us today? >> i think really given the evidence of the biden fundraiser at radio city music hall all it is clear that there's an irreducible number of protesters about israel who are not goi
it's not just gamestop. there's two of them read it and trump trump's social truth, social excuse me. it's just trump's social justice. just call it that >> read it is actually a real company, $800 million in revenue does not make money, but it has 76 million users. there's on a daily basis, it is, it popped in its ipo, its first ipo, and it's going back and forth because people on the, on the service make it go up and down that said the real meme stock, the mimi is stock of mainville is...
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Mar 29, 2024
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but we've seen that happen with other meme stocks before you all may remember game stock for example gamestop that had a lot of hype online, eventually reality caught up with it and the value plummeted. you could imagine something similar happening with this doc doesn't necessarily mean it'll happen tomorrow. there is a fair amount of dub money out there. there seems like there's always a greater fool, but at some point the party may run out and a lot of people could lose their shirts. >> catherine rom pal, so informative. thank you so much. you're breaking all of that down for us. >> thank you >> wael from catherine run pell to caitlin clark. that's the one isn't offered are reported $5 million to be the first woman to play an ice cubes men's back esca ball league. >> she take the gig carry champion is here to talk about it next if you work. in spaceflight, this is the worst possible thing that could ever happen >> my dad died doing what he loved space shuttle columbia. he final flight from your sunday, april 7 at nine on cnn. >> your harvest smart farms in abu dhabi does a technology enable
but we've seen that happen with other meme stocks before you all may remember game stock for example gamestop that had a lot of hype online, eventually reality caught up with it and the value plummeted. you could imagine something similar happening with this doc doesn't necessarily mean it'll happen tomorrow. there is a fair amount of dub money out there. there seems like there's always a greater fool, but at some point the party may run out and a lot of people could lose their shirts. >>...
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Mar 21, 2024
03/24
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CNBC
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all these people which have been jonesing for a gamestop, they will use this? >> i think this is a reflection of the meme stock and i'm thinking about the meme stock 2.0. this is the platform where wall street bets came together and poured in to amc and gme. you had robinhoodfiasco. to the question about a.i. adjacent, we have the nvidias of the world with chipmakers and manufacturinge manufacturers of the world and google and microsoft and openai with the large language hmodels. in some way, everyone else will be impacted. reddit is in the same neighborhood. we're in the same universe talking about the companies impacted by a.i. this is a company that is already striking deals according to reports to the tune of $60 million a year for access to their users. i think that is a really important part of their business to watch. if you look at what news businesses are looking at here means it is inevitable a.i. is coming for them. you have to work with them or develop them on your own. the risk there is you might be taking users away. who cares about that? advertis
all these people which have been jonesing for a gamestop, they will use this? >> i think this is a reflection of the meme stock and i'm thinking about the meme stock 2.0. this is the platform where wall street bets came together and poured in to amc and gme. you had robinhoodfiasco. to the question about a.i. adjacent, we have the nvidias of the world with chipmakers and manufacturinge manufacturers of the world and google and microsoft and openai with the large language hmodels. in some...
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Mar 26, 2024
03/24
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we're seeing a lot of likely retail trader buying so people who drove gamestop for instance, to valuationsased on fundamental. so the big question is, can there be follow-through looking at today's intraday trading, you mentioned that 58% that pop at one point closed up closer to 16%. so the big thing is, will those volumes continue to play out? >> there's also when we look at the value itself, so valued at about $8 billion after trading today, there are less than 500,000 users on truth social, right, which is part of this company. if you compare that with x, for example 75 million users, it's valued at five points 6 billion. so in looking at those traditional valuations is, are those traditional metrics rather, is this trading at a higher valuation than other similar companies? >> the best comparison that we have is looking at price to sales. so as you mentioned, close to 8 billion through the first nine months of last year, they brought in just $3.4 million on that valuation is north of 2000, for instance, nvidia, one of the best performing stocks in the market, trades about 38. so this
we're seeing a lot of likely retail trader buying so people who drove gamestop for instance, to valuationsased on fundamental. so the big question is, can there be follow-through looking at today's intraday trading, you mentioned that 58% that pop at one point closed up closer to 16%. so the big thing is, will those volumes continue to play out? >> there's also when we look at the value itself, so valued at about $8 billion after trading today, there are less than 500,000 users on truth...
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Mar 23, 2024
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. >> but mike, gamestop stocks are worth moment, so worth nothing at the moment, so i'm those and buy to sell those and buy into this to the moon. we're going the moon everybody. going to the moon everybody. >> coin? >> which coin? >> which coin? >> yeah. >> yeah, yeah. >> yeah, yeah. >> and he won't be able to >> and also he won't be able to sell his shares for at least six months after the after the company becomes listed on the stock which time stock exchange, by which time the have probably the bubble will have probably popped the bubble will have probably popped this, this popped on this, on this, this pump dump . yeah. i mean pump and dump. so yeah. i mean good luck to him. he needs the money would help money right now. it would help him bond. but, but him pay off his bond. but, but yeah, doesn't look like it's yeah, it doesn't look like it's going to happen. moving on. we've telegraph now and we've got the telegraph now and labour announced law and labour have announced a law and order policy copying exactly what jonathan what the tories do. jonathan >> actually >> yeah. labour
. >> but mike, gamestop stocks are worth moment, so worth nothing at the moment, so i'm those and buy to sell those and buy into this to the moon. we're going the moon everybody. going to the moon everybody. >> coin? >> which coin? >> which coin? >> yeah. >> yeah, yeah. >> yeah, yeah. >> and he won't be able to >> and also he won't be able to sell his shares for at least six months after the after the company becomes listed on the stock...
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Mar 27, 2024
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shares in gamestop are lower in the premarket after the retailer reported plunging fourth-quarter revenuel meme stocks, it has seen gains and say a rate cut this year will likely be appropriate. their net sales were down 19% from a year earlier in the shares are down about 19% in premarket trading. a landmark agreement struck between visa and mastercard, millions of u.s. merchants will see holders luxury credit cards charge more the check out in the deal will allow retailers to pass in the premium charge of them for processing cards carrying visa. the plan is estimated to save merchants $30 billion in swipe fees over five years and set up a war between the cards. if you have one particular type of visa, you will get charged a different fee then another one. this has been the bread-and-butter of three different banks. jonathan: if your restaurant test if you run a restaurant before, you know this story. $100 transaction a small restaurant and the customer swipes a visa card and that would cause the merchant $2.60 in fees. rewards costs would be two dollars and that adds up over the year. l
shares in gamestop are lower in the premarket after the retailer reported plunging fourth-quarter revenuel meme stocks, it has seen gains and say a rate cut this year will likely be appropriate. their net sales were down 19% from a year earlier in the shares are down about 19% in premarket trading. a landmark agreement struck between visa and mastercard, millions of u.s. merchants will see holders luxury credit cards charge more the check out in the deal will allow retailers to pass in the...
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Mar 18, 2024
03/24
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time, they got to keep the redditors, and that means they have to keep the people who are, let's say, gamestoperspe that group turns out and owns the stock and doesn't trade it, and then you'll have a very successful deal. >> but it's not an unimportant ipo, though. >> very -- i think it's very important, because frankly, we keep thinking we were going to have a good ipo market. >> and we don't. >> and we don't. birkenstock turned out to be like mattel, barbie. >> yeah, birkenstock and cava, which hung in there. >> may i comment that my wife, lisa, has a pair of birkenstocks. i think they're 30 times the price of my crocs, but they look exactly the same. ? i >> so you're not a buyer of birkenstocks. >> and i'm not really a buyer of croc. but my crocs hold up better than birkenstock, are cooler than birkenstock, but there's no accounting for taste, david. >> that is the case. that is often the case. but reddit will be an important test. to your point, we have not seen what we thought in terms of the ipos that -- especially given how many companies have been out there waiting for the window to open
time, they got to keep the redditors, and that means they have to keep the people who are, let's say, gamestoperspe that group turns out and owns the stock and doesn't trade it, and then you'll have a very successful deal. >> but it's not an unimportant ipo, though. >> very -- i think it's very important, because frankly, we keep thinking we were going to have a good ipo market. >> and we don't. >> and we don't. birkenstock turned out to be like mattel, barbie. >>...
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Mar 25, 2024
03/24
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we have fun earnings including gamestop and carnival, and we'll get the last read on gdp as we wonderu.s., and i wanted to highlight the regional manufacturing numbers because there's a global theme here. we've seen manufacturing as one of the weak spots in the economy. we're going to get news from dallas, kansas city, all these regional places. there are signs that manufacturing is on the upswing. it's starting to rebound pantheon put out a great chart over the weekend showing philly and s&p global these are the two we've gotten so far showing that we're coming off the loads and ticking back up. >> yeah. obviously the data continues to be fantastic over here relatively speaking compared to the rest of the world. of course, it was a theme coming off last week with these central banks pointing to the fact they're willing to cut even though the data is improving a little bit the only snapshot is there's a slight difference in the europe and uk versus here, on the inflation side of things is you did the hard work first, got down to those 3% handles and now the delay to cuts is more wheth
we have fun earnings including gamestop and carnival, and we'll get the last read on gdp as we wonderu.s., and i wanted to highlight the regional manufacturing numbers because there's a global theme here. we've seen manufacturing as one of the weak spots in the economy. we're going to get news from dallas, kansas city, all these regional places. there are signs that manufacturing is on the upswing. it's starting to rebound pantheon put out a great chart over the weekend showing philly and...
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Mar 1, 2024
03/24
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and it started with gamestop and the meme cycle.ely on historical relationships the same way you can't really rely on bond equity correlation. they would be blown apart. >> is it the total number of calls being bought or puts or how much the premiums are vertsz what they're actually worth? the call premiums are actually more expensive than the put preet yums when you have fomo? >> you got it right. we use implied volatility but it's essentially the cost of one versus the other on an apples to apples basis. we sweep that for all names in the russell 2000 and s&p 500, that exuberance, whatever you want to call it, has been rising and rising. >> now we have to decide what to do with it. do you think that argues for more momentum or too bullish to where you think it's overdone and ready to peak? >> eventually these things go away, but essentially when we back-test this and look one week out, two weeks out, three weeks out, it tends to last, so momentum begets that momentum. it's a factor people have started trading on their own. just th
and it started with gamestop and the meme cycle.ely on historical relationships the same way you can't really rely on bond equity correlation. they would be blown apart. >> is it the total number of calls being bought or puts or how much the premiums are vertsz what they're actually worth? the call premiums are actually more expensive than the put preet yums when you have fomo? >> you got it right. we use implied volatility but it's essentially the cost of one versus the other on an...
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Mar 31, 2024
03/24
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do you remember that story with gamestop kept buying remember that story with game and kept buying rememberory with game and it went kept buying remember that story with game and it went up kept buying remember that story with game and it went up and ept buying remember that story with game and it went up and up buying remember that story with game and it went up and up anding stock and it went up and up and up and up in a kind of rebellion against, wall street? i don't know if you remember that story . know if you remember that story. it's turned into one of those stocks. buying to stocks. people are buying it to support trump and to slightly, cock a snook at the new york stock exchange. it's hilarious. but yes, he's now he's done it again. he's basically got a website that's worth $8 billion. it cracks me up. >> that's incredible, isn't it? i mean , it goes to the i mean, it goes to show the support that has, but also support that he has, but also the the american the fact that the american pubuc the fact that the american public this, this public are not buying this, this weaponizing the
do you remember that story with gamestop kept buying remember that story with game and kept buying rememberory with game and it went kept buying remember that story with game and it went up kept buying remember that story with game and it went up and ept buying remember that story with game and it went up and up buying remember that story with game and it went up and up anding stock and it went up and up and up and up in a kind of rebellion against, wall street? i don't know if you remember...