Happy Friday, investors! Many of Reddit's favorite stocks from GameStop to Clover Health sold off yesterday. Today's Featured Stock Story 8 Short Squeeze Stocks That Could Take OffIn recent months, groups of social media stock traders have orchestrated targeted buying campaigns in some of the market's most heavily shorted stocks in an attempt to trigger short squeezes.
A short squeeze is a large, short-term spike in a stock's share price that occurs when a sizable group of short sellers is forced to close out its positions all at once by buying shares of stock.
S3 Partners just launched a metric that scores stocks by their short squeeze potential. These eight stocks received scores of 10 out of 10, according to S3 Partners analyst Ihor Dusaniwsky:
1. AMC Entertainment Holdings (ticker: AMC). AMC reported a net loss of $4.59 billion last year and entered 2020 with $5.4 billion in debt. However, social media traders got the hashtag #saveAMC trending, and the stock price soared.
2. GameStop Corp. (GME). It was the first so-called "meme" stock of 2021 to capture the attention of hedge funds, the media and even Congress. A massive short squeeze back in January sent the stock soaring from less than $18 to $483 in a matter of weeks.
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Nasdaq14,020 (+0.78%)
S&P 5004,239.18 (+0.47%)
* Market data as of Thursday's close
Here's what you missed in the markets yesterday.
Spotlight on Dividend Stocks 5 Big Stocks With Recent Dividend Increases
Many income investors like to chase stocks with big yield. However, it's important to remember that dividend stocks are really only worth your attention if they continue to pay you for the long haul. After all, what's the point of buying a mediocre stock with a big yield today just to see its shares slump and dividends ultimately cut or eliminated? Here are five stocks that recently increased their dividends. Signs your financial advisor is terrible. It's every investor's nightmare – squirreling away as much money as possible only to later discover part of it was squandered in fees, commissions and unsuitable investments a financial advisor made. Even in the post-Bernie Madoff era, stories like this happen all too often. From excessive fees to a lack of references, here are seven signs your advisor may be a poor choice. Consumer prices jump. Markets climbed Thursday, with the three major U.S. indices marching higher.
Investors eyed new Labor Department data showing that consumer prices rose by an annual rate of 5% in May. That's the largest increase in inflation since the Great Recession.
Meanwhile, initial jobless claims for last week decreased to 376,000, a new pandemic low and a sign of a recovering job market.
The Dow Jones Industrial Average rose 19 points, or 0.06%, to finish at 34,466.
Reddit darlings tank. Several so-called Reddit stocks experienced a punishing Thursday. Shares of favorites among Reddit’s WallStreetBets message board fell hard.
Among the losers were GameStop, which shed 27%, and AMC Entertainment, which lost 13%. Newcomer to the Reddit love fest, Clover Health Investments Corp. (CLOV), also tanked 15%. Microsoft rises on gaming news. Tech giant Microsoft Corp. (MSFT) rose modestly Thursday after announcing that it’s working with TV manufacturers to allow gamers to stream and play games online through a smart TV with no additional hardware beyond a controller.
MSFT was up 1.4% on the day. CryptoPunk NFT sells for $11.8 million. A nonfungible token, or NFT, of a digital artwork sold at Sotheby's Thursday for $11.8 million.
The unique art piece is part of a collection of CryptoPunk avatars and is called "COVID Alien." It was reportedly purchased by Shalom Meckenzie, the largest shareholder of DraftKings (DKNG).
- Caught Our Eye written by Susannah Snider Explore Stock and Fund Rankings Top Retail Specialty Store StocksData as of April 15, 2025 |
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