raiders keep winning. >> it is carlson, you mentioned the reddit raiders and this narrative has beenhe volume and the average robin only hold a few hundred dollars, do you think this phenomenon is retail trader or do you think adobe big money behind it or some other plane into this. >> i don't think there's any big money on the long side behind this certainly money on the short side and that's creating the mismatch the reddit raiders come in with a hundred shares at a time and forced share price higher in the guise of the million shares short are squeezed, no big money on the long side i literally talk to one in the last month on gamestop and it was solely because they were indexed against the russell midcap 500 and gamestop was moving the index. >> i jumped on the day trading boom during the.com bubble and in some ways this feels like 1999, do you see the similarity in the difference between. >> it is the same i think the funny one is ryan cohen who is responsible for the whole move and all the memes he actually showed pets.com stock puppet which was a 1999 - 2000 explosion or implo

this name rising the ranks on the reddit boards, what is it and how you can play it, and later, we wanthear from you. tweet us your stock questions at cnbcfastmoney. we'll answer some of them live on air, but we kick things off with a record week on wall street the dow, s&p and nasdaq hitting all-time highs as we head into the holiday weekend. so where are we headed from here let's break it all down with cnbc contributor head of investment strategy at wilmington trust and larry mcdonald from hercules investments. james, i want to start you, there is a stat from bank of america that the first half annual inflows of stocks of $1.2 trillion is more than the cumulative inflows of the last 20 years so as we look ahead to the second half of the year, is there still capital left on the sidelines to put to work in stocks >> well, there's certainly an expectation for the momentum to continue the consensus estimates for q3 and q4 earnings growth is 61.9% which is the highest number since 2009 and so there's an extraordinary expectation that the momentum from re-opening will translate interest con

it's not just a reddit rebel pick. he's next on "the claman countdown."ow down 362 points. ♪♪ this may look like a regular movie night. but if you're a kid with diabetes, it's more. it's the simple act of enjoying time with friends, knowing you understand your glucose levels. ♪♪ front desk. yes, hello... i'm so... please hold. ♪♪ i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia. it matters who you travel with. ♪♪ rush hour will never feel the same. experience thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event. experience amazing at your lexus dealer. this isn't just a walk up the stairs. when you have an irregular heartbeat, it's more. experience amazing it's dignity. the freedom to go where you want, knowing your doctor can watch over your heart. ♪♪ ♪♪ liz: we've got to show to you right out of the gate this morning computer hardware and electronics retailer and reddit rebel flavor of the moment new egg halted justst 15 minutes after the opening -- just 15 min

reddit definitely is full of horrible things.don't get me wrong, but it is also filled with unique and specific and nuanced communities around different topics. so whether you're trying to find, you know, sort of accurate information about illegal substances, or you want to engage with other people in your regional or local community, or, you know, really niche topic, reddit is such a great place for this because it allows individual moderators to volunteer and moderate different sub reddits with different approaches to how they do that. like illegal drugs is one of my interests on this just in the ways that platforms approach it. i will use this example. for example, if you want to learn about a specific substance, there's often multiple communities with multiple different moderation structures. some might only allow you to talk about things within a legal framework. others might allow you to share personal experiences. you can choose which one you want to take part in. users up vote and down vote what content is, you know, appr

this leads me to the reddit crowd. how important is the meme stock crowd?cks or that are heavily shorted like amc and gamestop. all you have to do is look at the year-over-year performance of those two names where as soon as they figured out that these were heavily shorted stocks, they said, well, let's kill the shorts. we don't know yet what the float is that's being shorted on robinhood, but how important has the retail investor, the so-called reddit rebel, become here? >> well, i think they are a lot of what gave rise to the popularity and continued to strive the growth that robinhood experienced popularly dirt panning demick, right? all of those stimulus checks and funds that were sitting on the sidelines appear to have gone there if that new retail investor into the stock market through the robinhood app. and, you know, looking at the reddit, wall street bets and the whole routine, that was their a way into the marketplace. it's very important that that crowd stays behind robinnen hollywood because those devices, given what went on with robinhood when

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it is now from stay at home stock that's getting a lot of interest from the reddit crowd purple innovationey make mattress, pillows and seat cushions. shares are down double digits following manufacturing and supply chain issues. wall street is a big fan analysts covering the company rate it a buy. the ceo of purple joins us now joe, welcome to the program. >> thank you for having me >> let's talk about the supply chain issues and some of the hiccups around manufacturing and hiring that you've been seeing how acute has it been and how transitory do you expect it to be >> yeah, it's fairly isolated right now. we are a manufacturer of our own unique technology, our own product, and we're the only ones who make our unique gel product. and as a young manufacturer most of our machinery that we built ourselves, all proprietary manufacturing, is at most the machines are about four years old. we're in very early days and we sell every unit we make we've had incredible demand for our product and have been moving as quickly as possible to build capacity when you're running all machines 24/7 full tim

this name rising the ranks on the reddit boards, what is it and how you can play it, and later, we wantyour stock questions at cnbcfastmoney. we'll answer some of them live

we look at reddit as one signal.m sure people are familiar with wall street bets, a popular forum for a lot of the day traders and folks using robinhood. there were folks that may have been burned by the gamestop saga and said they did not want in on this ipo and that might have had a spill over effect. but there were a ton of comments and reaction about the ipo like you reported, robinhood was really relying on the backing of a lot of the retail traders to make it a successful offering. but there are plenty of robinhood fans it just has been such a controversial company and really polarizing they seem to love it, use it, really the way they were introduced to trading. there are some that are sitting it out there are others who are actively trying to sabotage the ipo by commenting everywhere on reddit and twitter >> you used the word polarizing which translates to volatility for a lot of people. what does robinhood's lack luster debut tell us about the future of retail investing and the ipo market in general? here to

reddit can't can take it entirely hands-off approach.e seen organization around it and decided to take a more hands-on approach. instead of flat out removing them before quarantine was part of our broke and the larry instead of taking it down originally they have put it to the side and didn't allow new people to find it so the conversations were still happening and they were danger of an underground which i think is important here but it's open for anyone and that is really an interesting approach. thereth a lot of different buffs taking different kinds of approaches and that's what we love. >> we have a couple more questions. we have more than we can comfortably and take because we are coming up on the top of the hour. david kendall has a handout. david does that indicate you would like to ask a question? i'm afraid we can't hear you. >> you might have to type it. >> typing might be better if that's okay. we have a few questions in the chat which i will try to collate and answer altogether if that sounds all right. we have got a questio

reddit has also had to learn of the years that they can't have it hands offdi approach. saw thehe organization around other types of areas they have in reddit decided to go to different communities but instead of just quarantine them, as a regular part of our vocabulary. that's what we saw with a hateful community but instead of taking it down originally, they ported to the side and on people to find or join it. so those conversations were still happening, they weren't being driven underground. which i thank you so also kind of important. but they can also they weren't just open for anyone. i think it really unique and interesting approach. there a lot of different platforms taking different kinds of approaches and i think that's what we need to do more of. ben: with a couple more questions. we may have more than what we can comfortably answer. as he david campbell also has a hand up. david, does that indicate that you would like to ask a question. i'm sorry, we cannot hear you. jillian: you may have to type it. sue and just typing might be better. all right, so i'm goin

plus, charlie, how is the reddit crowd going to look at this ipo as well?hould point out that it's quite a jarring, quite jarring from the viewer to go from that really cute baby to me -- liz: i know it. [laughter] >> i think the producers have to work better on transitioning there, liz. [laughter] liz: better segway. yeah. >> here's what we know. the underwriters expect robinhood to price its ipo wednesday. they're expecting, you know, the number was a $35 billion valuation, a chunk of the shares are going to go to robinhood's own clients. they can buy it on their app. the list aring, apparently, occurs thursday, so i guess that's when it's free to trade and you can buy it in the secondary market. the underwriters are worried about certain things, and it's not quite the reddit crowd. they're really worried on the sec crackdown, gary gensler said he wants to do something about this controversial practice. and this practice allows robinhood to make 75% of its revenue. what is payment for order flow? well, the reason why you can trade seamlessly and free on r

and then what content is appropriate to them or rise to the top and i love that approach reddit cannotke entire hands-off approach we saw what happened there and they decided to take a more hands-on approach with certain communities but instead of moving them they quarantined them as a regular part of our vocabulary. was a very hateful community instead of taking it down they didn't allow new people to find or join. the conversations were still happening and not driven underground. but they also just weren't open for anyone. that is a unique and interesting approach. that's what we need to do more of. >> we have a couple more questions. >> i thank you have to type it. we have a few typed questions in the chat which i will try to collate for you see you can answer altogether. what are some of the aspects of the internet that makes speech issues so much more intense and complicated? and nice link to that is kevin o'malley's question about vaccine misinformation. asking do you feel it's okay with vaccine injured children to be centered on facebook. - - censored on facebook. i will be davi

if you look at reddit and message boards robinhood is -- it seems some of these folks are taking glee in this ipo not going as well as robinhood wanted it's gamestop stuff from six months ago it's recent. it's really recent you're right just because you use robinhood to buy and sell stocks doesn't mean you don't want to take a shot at them a lot of us use products and we don't particularly love the maker of those products. that may be the truth in this case >> if they were the only one offe offering free trading. they have -- charlie munger, scott galloway who say it's -- you know, too addictive. it encourages the wrong kind of trading. even where they most succeed they have critics of the app interface they've designed you wonder who may be waiting in the wings to see what happens for the pay for order flow but is even a well-designed app a moat in the long run >> the question is, what does robinhood do next in terms of innovation they were ahead of everybody else, not just no-fee trading but on the interface so they were the smartest guys in the room. they saw what was coming next a

reddit has a new target now.they call themselves silverbacks or stackers, physically stacking up silver bars or coins to flaunt the social media site and, they say, it's an all-insurance policy against inflation.n. cnbc's christina cnbc's kristina partsinevelos is with us now. kristina >> they actually have a few other names like silver apes 123,000 plus members encourage each other to by bars and coins of silver as a hedge against inflation. one website even markets t-shirts that say cash is trash, silver is money "game of $26.34e today, but many want to see that pric thrones" style t-shirt it's roughly $26.34 an ounce today, but many want to see that price soar some say to a thousand bucks online traders and reddit groups argue there are more digital trades for silver than actual real bars of silver in vaults. in other words, if demand for silver increased, supply would run short and the price would surge. but the squeeze though on silver differs from the squeeze on companies like gamestop. there is a lot of si

he will put a picture of apice cream cone and then folks on reddit are trying to divine meaning intocommunicate and what you say and whether you think that actually, you know, literally a tweet can move the stock. >> yeah. i mean, i think what's interesting with what we've seen in retail investing over the past year is that a lot of these companies have been hit hard by the pandemic, right, and you see it started with some of the airlines and then followed with some of the retailers, some movie chains and brick and mortar. >> right. >> and you have the institutions that are basically writing these companies off and then retail investors coming in and keeping them up and supporting them. >> but that does that make sense to you when you look at an amc stock, for example, or any of these others that have moved in this way, do you say this is healthy for the markets? do you say this unhealthy for the markets? >> well, i probably shouldn't comment on my own views on -- >> but i assume you must have views about -- no, but it is a phenomenon and it's a phenomenon impacted by your own users

. >> who is playing the meme game, because the beloved reddit faves are falling from grace four weeksdown double digits. amc on track to hit a five-day losing streak. we haven't seen that drop since early may. a similar story with gamestop as well keep in mind, there is lower trading volume in recent sessions so swings are more likely. but big picture, these stocks are still winners. amc stock up more than 2,000% year to date gamestop up 900 -- over 900% year to date many don't plan to sell or the reddit trade esper say online, hashtag apes not leaving this would be could be part of the sell i don't have we are seeing often these track technical factors, short selling selling interest and media attention that's why many of the retail traders are still waiting for m.o.a.s.s., the mother of all squeezes deidre >> kristina, i'm not sure if you're able to see the memes we sometimes display on the show. one of ours producers got clever and hughes add hockey meme he is not using the right teams. i'm not saying, kristina he should have used because it's painful -- so painful for us >> that's

it's available today online at your favorite bookseller in having reddit. i cannot. phrase it enough. it raises

it's the moment the markets and the reddit rebels have been waiting for, robinhood's s1 filing. see this thing too. and wait until you hear what the trading app's biggest threat going forward. the s1, robinhood and charlie gasparino e who breaks it all and cracks it open next. and cano health founder ceo marlow hernandez, he. grated to miami at the age of 9, he's the ceo of a publicly-traded health clinic chain. he also went to medical school, by the way. yes. he's built his empire that's been disrupting the entire health care industry and providing affordable health care for all. and when i say affordable, barely. i mean, it's unbelievable how end cheap he offers this for, and it's good quality. how he went from immigrant to miami medical mogul available on fox news pod costs or wherever you get your podcasts. we're coming right back. into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not

down a lot like yesterday, everyone loses it was those blue chips that got hammer ed more than any redditsed it, what has it been about this rally that the pros and media going back to march 23 of last year continue to get wrong? >> i think just really the strength of this economic recovery. i mean, you know, the fed, the treasury, everyone stepped in very very quickly, and fortunately, for us, the economy is really firing on all cylinder s right now. unfortunately when it comes to the stock market i think the easy money has already been made, i think future returns are going to be a bit more difficult , but look it has been just an absolute robust recovery that really fueled the stock market to new all-time highs. charles: so let's talk about we got key earnings after the close , netflix, united, chipotle, i think at one point you might have liked netflix. are you buying any of these, do you like any of these stocks? first netflix though because everyone is in it and they want your money. >> yeah, let's hit that one first so we already own it. we're slightly overweight. its done a nothin

. >>> meme stocks being hit hard over the last month, but a few of the key so called reddit trades managedder selloff kristina partsinevelos here with more >> that's right so many must be playing the meme game because companies like you mentioned, amc, gamestop, blackberry, countered to the market today. we have seen these clocks climb when we see a buy the dip market, especially when crypto tracks lower there would be short seller coverage contributing to the meme stocks. if we look at the week to date, that's a different story here are some of the biggest meme lose e, clover health, meta material down double digits. amcclimbed higher because of today's up tick. other memes not so hot, tillray, and let's throw tesla. it wasn't in the mix but it was lower. big picture, thoughs that's what i want to focus on these stocks are still winners amc up more than 2,000% year to date gamestop up more than 900% year to date, so many reddit traders don't plan to sell or at least that's what they're saying online when they have the #apesnotleaving trending >> for sure, and as you rightly say, putting i

next guest says a list of neglected stocks -- he has a list of neglected stocks worth owning >>> and reddit readers are determined to send the price of silver into the stratosphere >>> and china outflows accelerate abandoning stocks to the tune of a billion dollars in two weeks where is that money going? we'll tell you because "power lunch" starts right now. >>> but first, let's get a check on these markets the dow is up 100 points we've cut our gains more or less in half. still the dow is outperforming the major averages up 0.3% the nasdaq has gone back positive the s&p and nasdaq floating with record highs in the trading session so far today the s&p real estate index also hitting a record up more than 27% so far this year we'll have a full report on the summer housing market in just a few moments. meanwhile, virgin galactic shares tumbling after the company has filed to sell up to half a billion dollars in common stock. this is obviously a day after sir richard branson's successful flight into space. still, down about 15% today. >>> all right. the start of earnings season follows a week s

that question was recently posted on the website reddit and one new jersey man shared how he donatedgh one simple wish. this was held by a cnn hero that helps donors purchase items requested by kids in the foster care system. reddit members responded by flooding the one simple wish website to fulfill all 220 wishes. >> somehow it just blew up. there were just thousands of comments of people relating to the postefoster care experience there was this one after another of people saying, you know, we should just clear their site. we should grant all of their wishes and it snowballed until we crashed the site. we got the site back up and granted for wishes. eventually they cleared the site of wishes. it definitely given us aenergy reminds you there is more good in this world than anything else. >> danielle said this outpouring of generosity helped expose one simple wish to so many people in the foster care community that that means they have plenty of wishes on their site now waiting to be fulfilled. for the full story and to nominate a cnn hero, go to cnn heroes.com. >>> three, two, one.

time was down about 25% quarter over quarter finally, robinhood might be getting a boost from reddit as well reddit users tend to go on the robinhood app 10 to 15 times more than the average robinhood trader that could weigh on robinhood's growth as this meme stock fades recently the price of amc and gamestop have been cut in half since their peaks earlier this year. julia, back to you >> thanks so much, kate. and the latest on a potential $30 billion deal in chips. that's next. "tech check" is just getting started. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes u

and the wall street bets and reddit names, guys, get some boomers to help you or a trust f fund you're going to need both before this is through. let's start with the ipos and new merchandise. i couldn't call it junk. i'm a gandhi like gardener this year we're supposed to get 19 deals that's stupid, ridiculous and idiotic. brokers are asking to sell stock in other holders so they can participate in crumby deals, reminding them of the hot ipos this have been allowed to participate in before, if money managers don't commit to buying this cycle's dogs. they may not get a piece of the big winners. not every single ipo is terrible if they come at a decent price, use that on demand video software, helping to make quarters, because it's a pretty good online marketing company. it does bring in money brings in subscriptions, but there are way too many deals especially in already saturated areas. you've got couch space, application developers or gambling.com, which does digital marketing for the gaming industry could use a new one. how about exponential fitness or infrastructure holdings, boy, d

you mentioned the reddit and message boards.ites, gamestop, amc under a little bit of pressure. when these names you're talking about start to do very, very well, that is when some institutions may come in to try to short them. how do you handle that? how do you have the diamond hands? always knowing fundamentals or how do you handle when they come under these kind of attacks? >> that is awesome question. let me lay out my exact playbook for everyone. all the positions i mentioned i hold for at least five years, i have very, very high conviction in them. i will always have a position but the size of the position will vary. so if we use derm tech as an example i got in around 12 bucks in december. it is 35, 36 bucks right now but at one point earlier this year it went above 70 bucks. we trimmed our position. when it came back down into 30s like it is today we ramped our position back up. to answer your question we'll always have a position but the size of the position will vary depending on valuation charles. charles: i think the

one of the things we need to do is open that up more, not necessarily by lowering reddit standards, butconsidering all of the relevant data as it relates to consumers. there are a lot of creditworthy consumers out there that don't have the financial record that the traditional lender or process relies on. there is a huge opportunity there to open that up to more consumers, not with the goal of giving credit to people who really cannot make those payments, but instead to provide it to the people who can. amanda: he is it important to you that blend labs remains independent, do you see some future possibility, whether some strategic partnership or acquisition that makes sense? tim: we foresee a future where we are independent. we think there are lots of growth opportunities for us. there is so much work to be done in this space. we are planning for a long future. we think about this in terms of decades, not months or quarters. that is the way we think about building relationships with our customers. decades long relationship with our customers. we plan to pursue that path. amanda: so good

its fourth straight loss and worst set of consecutive downward moves since may as well, chatter on redditt meme traders are waiting for the mother of all short squeezes to send shares of the reddit fades to new all-time highs. how much higher, right? their performances are already oscar-worthy, amc has seen gains of nearly 2,100%, gamestop up 924% since january. to the pandemic boating boom. it's showing it still has very strong sea legs first time boat ers still soaking up inventory, driving up prices by snapping up any sea worthy craft they can get their hands-on. witness my executive producer jumping into the water feet- first last year at the start of the pandemic, he wanted a boat when vacations got canceled the nation went into lockdown, and that's his famed son phillip, the real captain of the little maco hads pro. they are using it to fish in port jefferson harbor, the long island sound, just to get away from it all. anything on that line, phillip? all right before we find out they aren't the only ones jeff flock is on, there it is nice fish. jeff flock is on the water in chicago,

this week's selling in reddit names come from bad news and developments.on disney plus. gamestop, on news netflix will buildout the videogame operations. right there i see delicious irony. i would come on this channel all the time for years and say i like netflix and every single person said i was crazy and wrong talking every single person for years. that was the general consensus when it came to netflix. in fact look at the headline on cnn finance, april 22nd, 2010. netflix soars past 100. time to sell? netflix stocks skyrocketed $100 a share thursday, a day after the company reported another phenomenal quarter but many analysts are skeptical of the lofty share price. the company's stock price has doubled in less than three months with shares soaring 15% to $100 thursday. 32 analysts covering netflix only 10 have a buy rating, 15 say hold, seven say investors should be selling the stock. guess what, folks? it is up 3546% since this article. i'm not saying game stop or amc are netflix but wall street doesn't always get it right. i've seen it happen over a

however, could this crash call on amc posing even bigger threats right now to the reddit room trade thingo you looked at iceberg research, and they say short amc. why exactly? >> by the way, they're not the only ones saying this. this has been bouncing around for a while. and the sort of investment thesis is this: the fundamentals are horrible. we don't have to go through that. people aren't going to movies as much even before the pandemic. 2019 was a lousy year for amc. then they got hit with the pandemic which was catastrophic because they closed down movie theaters. but still the trends are not amc's friend. that's the fundamentals. but what's interesting about what the other part of the argument is against amc is that a lot of reasons why this stock is pumped up is because of call option buying. and when you buy calls, you actually have to -- when you sell calls, you actually have to buy the stock to hedge against that sale because, guess what, you may have to deliver the stock if shares do go up as they are going up. so it leads to a sort of feeding frenzy. and most of the sort of ca

charles: maybe it's no surprise, but wall street remains fixated on when this reddit investor revolution into history, particularly it has its sights set on what they believe will be the ultimate demmize of amc and gamestop. today, prince, the wall street journal has an article titled " the meme stock fantasies becoming a reality for gamestop and amc." now it admits that the ability to raise money and perhaps improve or even change your business model could help these companies endure longer, but the piece does wrap up with this sentence. "all they need is for the audience to believe until the curtain falls." well i want to bring in one of those believers, youtube host tr ey collins. you know, there are countless companies in history, throughout history, nokia started off with one paper mill and then it sold to the russian army and then it was a cell phone maker, and appliances and now to real estate giants, i can go through the list google reinvented itself, apple reinvented itself, netflix reinvented itself we can go down a list of companies in trouble and they survived and then thrive

we'll look at some of the reddit favorites bucking the trend during this broader market sell-off >>>g today's sell-off we'll dig in to the solar ev and alt energy names on the move "the exchange" back right after this that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it. what's on the horizon? the answers lie beyond the roads we know. we recognize that energy demand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric vehicle charging, carbon capture and even nuclear fusion. we may not know just what lies ahead, but it's only human... to search for it. dr. arnold t petsworth had an influx of new patients. so he used his american express business card, which offers spending power built for his business needs, to furnish a new exam room. the doctor will see you now. get the card

other reddit favorites like context logic, blackberry also lower.ble to pick right now despite the volatility and pressure from the online reddit crowd, aka apes as they call themselves online, many short sellers are still locked in for the ride over 13% of game stop float is short. these are numbers showing that a large group of investors are still betting the stock price will fall. amc's float that sees double-digit shorts and over 22% of bed bath and beyond is shorted. so what does this mean for the short sellers? and do they stand to lose a lot should they realize their losses well, in 2021 alone, gme shorts so gamestop, are down $6.3 billion in market to market losses agone, they have to realize them for amc almost $4 billion of potential losses and bed bath and beyond, they could face a shortfall of about a billion dollars in realized losses so the volatility for gme, amc continues as the drive to push these stocks higher stems from short selling practices like the use of dark pools and naked short chicago is short sellers that don't register

drawn to technology, biotech, meme stocks, the latter becoming the name for the stocks that are the reddit contingent that game the ungamable. i think they're starting to get blown out. i knew it was going to happen eventually in some ways the stock market mirrors the slow motion washout we're seeing in cryptocurrencies and the meme names like amc which actually went up today, and gamestop which closed down 80 cents i don't trust either of though things gamestop is up 75% or 80%. come on, enough. just ring the register at the same time, we had so many ipos and spac deems that the supply of new stock is overwhelming especially since big money managers don't want it under that scenario, stocks don't just languish, they go down especially the speculative stocks and recent ipo names nobody cares about why are stocks going down right now? most people think the answer lies in the yield conserves. what bonds are doing i get that that was the way i was taught, too. but right now, no. we have an answer that can jive with theory number one, and it means nothing, means nothing to do with the stock ma

and i think lng is a lot less volatile but clne is a reddit favorite.ad his advice and bought it at $3.74, but i like it in the mid 7s as well >> sam in st. louis, i'm trying to balance my portfolio. is now a bad time to jump into the russell mid caps, the iwr? we talked a lot about russell underperformance at the beginning of the program >> i think it persists for a little bit it doesn't mean in the intermediate term that i wouldn't be a buyer, but i would wait a bit i would prefer the large caps right now, especially as you see the clickly cal reopening and the exposure to e owthgrth overseas >> we're out for two minutes then we're back with final trades it's a wishlist on wheels. a choice that requires no explanation. it's where safe and daring seamlessly intersect. it's understated, yet over-delivers. it is truly the mercedes-benz of sports sedans. visit your local mercedes-benz dealer today for exceptional lease and financing offers. i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate p

every minute, because i just looked at it a few minutes ago it was up 18%, amc looking to regain its redditn jumping after announcing it's reopening the grove and american a and this will happen in august. the popular box office outposts were formerly operated by pacific theaters the new leasing agreement puts amc on track for just its third win of what's been a very rough month for the reddit crowd, and first draft kings, now fan dual, engine media pulling the pin on its second legal grenade in just two weeks. the win view parent now suing fan dual for alleged patent infringements just 13 days after taking aim at draft kings for similar issues, fan dual parent flutter and draft kings, yes, they are higher but engine media ticker symbol game is out pacing them moving higher by 5.7 % right now. just two days after la county re instituted its mask mandate breaking news this afternoon that the more contagious delta variant of covid now makes up 83 % of new cases in the u.s. , the center for disease control saying that's a gain of 50% since july 3. the resurgence has created a tight rope for bu

they're somewhat related to reddit from bottom to top, and the airlines, you know, they're more thane get their clocks cleaned -- i only say that it back i like to be heckled on twitter when you have this kind of yield, andrew, 1.22, give me 3%. do you look through the delta variant at this point? >> yes, absolutely you look through it. >> yeah, you look through it, all these athletes testing, they're obviously asymptomatic or else they wouldn't be crushing it right now. look, i think also, by the way, the j&j, dr. propyl says that's the one to be careful of -- not to disparage it, but i think the asymptomatic is not as dangerous. the deaths are not going up that much i'm not buying that this is the end of the bull market i'm saying that most of the companies that are involved with technology have been rolling over for days, maybe even weeks, and suddenly everyone has discovered that. >> what about a facebook the reason i ask is, you know, they appeared to beat back the antitrust case, at least temporarily, but now they have the white house on them all over again on covid >> look, th

steve hoffman of reddit was clear he didn't want to make editorial decisions himself.a similar policy. if tech giants don't want to do this, who should? of course tech giants don't want to do it. it is not good business for them to make editorial decisions. it's much easier to take an approach that platforms should be regulated, government should come up with regulation, because they know that most governments across the world are not very sophisticated and how they think about regulation. if a government creates a rule that facebook can have specific types of speech on the platform, that gives facebook a line in the sand that it has to adhere to. one thing that i was struck by earlier in facebook�*s statements was how similar it was to what we catalogue on the back of the book, the apologies facebook has been making for over a decade. it is still making and in some places, the language is almost identical. there's so much more we could talk about, but i'm afraid that's it for today. thank you very much to all my guests. sheera frenkel and cecilia kang, tojoey d'urso a

the reddit all-stars going all cold in july, as you can see, down for the month.p off, well, nearly 21 percent. however, our countdown closer is still hot on the trend. joining me now, my good friend ryan payne. great to see him, president of payne capital management and host of the payne points of wealth. you're a busy guy, ryan. okay, meme stocks -- it's a big title, a really big business card. meme stocks, you're still not counting these out. you think there's still room to run. >> for the record here, i don't love meme stocks, right? they're at elevated values. but i think the bottom line is there's just so much money sloshing around out there, you start, ashley, looking at the amount of stimulus that we see on the economy. retail traders in general, they're commanding, like, 25% of the market now which is unheard of. it's more like 18% before the pandemic. so it's no coincidence that all this stimulus was bestowed upon the economy, and these stocks went really, really high. what's interesting though is if you look at the amc, gamestop, they're still relativel

reddit stock was lit up today, and meme mania is alive and well.: investors have a new kid in town. when china yanked the financials , it seemed focused on monopolistic practices as a bid to protect consumer rights and maintain stability. at the recent crackdown on didi seems to focus on sensitive data and national security. here to break it down, we have a new american cybersecurity fellow. this is the latest in a series of moonves -- moves by xi jinping's government. at this seems targeted toward a company that lifted publicly in the united states. what is your take? >> the government is looking to assert its control over the powerful tech platform. but let's drill down a little deeper. what makes these companies so powerful is the best troves of data base it on. it's valuable for commercial and political reasons. it is interesting -- the tools that they use are cybersecurity review, a review of acerbic -- of security practices as well as their management of personal data on the mobile app. this is the number one regulatory risk for domestic and

the other thing we are watching are the meme stocks, the reddit traders, the favorite stocks are now tumbling closer to a bear market territory as well. investors are deciding to pull away from the most speculative equities in search of safer havens. this is the group of 37 meme stocks falling people 6% on thursday. that extends its retreat from the june 8 highs. just shy of 20%. this also just there are some concerns that we might see some sort of liquidity adjustments in the markets. right as we continue to get greater uncertainty with regards to the reopening outlook. our next guest says -- let's get more analysis on the market. you said we could see a temporary technical pullback this summer. is this what we are seeing now? >> i think it is too early to tell. when you have investors that are very much in stock, they start getting a little bit nervous. you start seeing them get out of more speculative pockets. that will include value and cyclicals and it will also include meme stocks. i think there is only one direction they will go over the medium term. whether this leads to a co