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.
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.
Keith Gill, a.k.a Roaring Kitty, posted a meme to his X account Sunday night depicting a gamer sitting up in his chair in order to focus attentively. The post from Roaring Kitty has sparked a return of meme stock mania Monday. Classic meme stocks including AMC Entertainment Holdings, Tupperware Brands Corporation and Beyond, Inc. are roaring higher as retail traders embrace the names with renewed enthusiasm.