Resurgence of Roaring Kitty on social media sparks interest in meme stocks like GME and AMC. Consider BUZZ, SFYF, and BLOK ETFs for exposure to trending stocks, but be aware of risks and volatility.
Paramount Global is considering Skydance Media's offer to purchase National Amusements and merge with Paramount Global, providing nonvoting shareholders a cash out option at a premium.
Meme stocks, led by Keith Gill, have resurfaced on social media, causing GameStop's stock to surge by 74% and AMC's by 80%. ETFs like ARCA:STCE can capitalize on this trend.
SoFi Technologies Inc (NASDAQ: SOFI) reported Q1 2024 results, beating revenue and EPS estimates. Added 622,000 new members and 989,000 new products. Projects 50% growth for FY 2024 and downgraded EBITDA margin. Stock down 4.07% in premarket.