Meme Stocks Making A Comeback

Meme stocks are making a comeback as retail fights back against the short sellers. While the overall fundamentals remain weak for BBBY, CVNA, AMC, and GME, this is a retail-led driven rally as the shorts got greedy. 43% of the float in BBBY has been shorted. CVNA is even higher at 52%, while AMC and GME are at 21%.All eyes will be on CPI data at 8:30 am EDT. If inflation comes in softer than expected, we could see the rally continue as the sectors and stocks that were hit the most by rising rates could climb as the market focuses on the Fed pivot.We cover more of this in the following video. Stocks covered include SPY, QQQ, BBBY, CVNA, AMC, GME, HEPA, HOWL, EVGO, KERN, XPON, FNGR, and KGKG.

BOTTOM LINE

We will update our subscribers as soon as we know more. Sign up here for real-time alerts along with our FREE reports and eBook.As we keep saying, there are always opportunities in the markets, and it’s our job to find winning stocks to buy. Huge gains can be made in such a short amount of time.It’s essential to look for penny stocks that have yet to run. There are plenty of opportunities, and we look at hundreds of penny stocks weekly to find the best alerts for our subscribers.Remember, all it takes is one or two to become a winner, and you’ve crushed the market indices (and Jim Cramer) for the year.Good luck to all (except the shorts and Cramer)!

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