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Don t try to recapture the magic
Keith Noonan (GameStop): The comeback rally for GameStop over the last year has been nothing short of incredible. The otherwise struggling retailer s stock started to rise following excitement about new video game consoles from
Sony and
Microsoft. It got another boost with news that Ryan Cohen, founder of the successful pet-focused e-commerce platform
Chewy, was buying shares and taking an activist role in pushing the business to focus on online retail.
What happened next is a story for the history books. Individual investors coordinating on Reddit s WallStreetBets board and other internet social hubs noticed that some firms had placed huge bets against GameStop, and that buying of the stock could trigger a short squeeze that would result in the company s stock price skyrocketing.
Author Bio
Keith Noonan covers technology, entertainment, and other fields.
In what s sure to go down as one of the most interesting financial events of the decade, Reddit s WallStreetBets board recently helped power an incredible rally for
GameStop and a handful of other heavily shorted companies. GameStop stock has since shown signs of coming back down to earth, but it s clear that young investors with a foundation in social media culture have arrived as a formidable force on the stock market.
Bringing more people into the world of investing will be a good thing in the long run, and many people initially lured by risky stock bets will ultimately come to appreciate more dependable growth plays. With that in mind, we asked three Motley Fool contributors to profile a stock that s a great fit for new investors. Read on to see why they think
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January 31, 2021 6:30 AM newsfeedback@fool.com (Keith Noonan, James Brumley, and David Butler)
Posted:
Updated:
February 1, 2021 11:10 AM
Whether you’ve been closely following investing news or just taking an occasional peak at the headlines, it’s fair to say that we’re living in interesting times. Record-setting financial stimulus, short squeezes powering incredible stock gains for struggling companies including
GameStop (NYSE: GME) and
AMC Entertainment Holdings, and continued pandemic-related uncertainty are just a few of the day’s big issues.
The forces shaping the market can sometimes seem daunting, but intelligent investing is still one of the best ways to improve your financial future. With that in mind, we put together a panel of three Motley Fool contributors and asked each member share a personal investing tenet that can put you on a path to success. Read on to see why they think that adhering to these guidelines will help you pr
Published: Jan 24, 2021 at 7:45AM Author Bio
Keith Noonan covers technology, entertainment, and other fields.
2020 was a record year for initial public offerings (IPOs), with 480 companies going public on U.S. stock exchanges, and more stocks doubling in their first day of trading than ever before. 2021 is on track to be another huge year for IPOs, and some innovative companies making public market debuts could go on to deliver tremendous returns.
With that in mind, we asked three Motley Fool contributors to profile a recent or upcoming IPO stock that looks primed to be a big winner. Read on to see why they identified