Are Meme Stocks Back? A GameStop-Heavy ETF's Retail Rebound

June 1, 2021
Are the meme stocks back? GameStop (NYSE: GME) surged 25.57% last week, accounting for nearly all of the stock’s May gain of 26%.
Lingering enthusiasm for GameStop shares is beneficial to some exchange traded funds, including the
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD). However, meme stocks, including the video game retailer, aren’t for the faint of heart given their continuing volatility.
PSCD offers more than just exposure to a high-flying meme stock. It provides investors with some leverage to a resurgence by brick-and-mortar retailers – a market segment that was recently left dead owing to the surge in market share taken by e-commerce purveyors. Yet many analysts see upside for traditional retailers.

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