Meme Stocks GameStop, AMC Fade In Interest After Roaring Kitty Exit: Here's What WallStreetBets Is Eyeing Next
Portfolio Pulse from Chris Katje
Interest in meme stocks like GameStop (GME) and AMC Entertainment (AMC) is fading after Roaring Kitty's exit from social media. WallStreetBets is now focusing on NVIDIA (NVDA), Tesla (TSLA), and Nikola (NKLA). Hims and Hers Health (HIMS) and Tandem Diabetes Care (TNDM) are also gaining attention.
May 21, 2024 | 4:07 pm
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POSITIVE IMPACT
Hims and Hers Health is receiving positive mentions on WallStreetBets after a trader's recommendation and the announcement of new, lower-cost weight-loss drug products.
Positive mentions and the introduction of new, lower-cost weight-loss drug products are likely to boost Hims and Hers Health's stock in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nikola is gaining attention on WallStreetBets after announcing a 100-truck order for hydrogen fuel cell electric vehicles, boosting its stock.
Nikola's announcement of a significant order for hydrogen fuel cell electric vehicles is likely to positively impact its stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
NVIDIA is trending on WallStreetBets ahead of its Q1 earnings report. The results could have a significant impact on the stock market given NVIDIA's status as a top growth stock.
NVIDIA's upcoming Q1 earnings report is generating significant interest on WallStreetBets. Positive results could boost the stock and have a broader market impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Tandem Diabetes Care is getting positive mentions on WallStreetBets, with some posts recommending it as a buyout candidate.
Positive mentions and recommendations as a buyout candidate are likely to positively impact Tandem Diabetes Care's stock in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Tesla remains a popular stock on WallStreetBets. Shareholders are voting on CEO Elon Musk's $56 billion compensation package, which could influence the stock's direction.
Tesla's stock is constantly trending, and the upcoming vote on Elon Musk's compensation package could influence investor sentiment. However, the outcome is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
AMC's stock interest is declining after Roaring Kitty's exit. The company announced a debt-to-equity swap and warned about weak Q2 box office performance, which could dilute shares and worry investors.
The exit of a key influencer and the announcement of a debt-to-equity swap, along with warnings about weak Q2 box office performance, are likely to negatively impact AMC's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
GameStop's stock interest is waning after Roaring Kitty's exit. The company announced an at-the-market offering and preliminary Q1 results below estimates, which could dilute shares and hurt investor sentiment.
The exit of a key influencer and the announcement of an at-the-market offering, along with weak preliminary Q1 results, are likely to negatively impact GameStop's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100