Meme stocks like GameStop and AMC are in focus, with strategies like options trading suggested

From Nasdaq: 2024-06-12 14:31:00

Meme stocks are back in the spotlight with APES targeting heavily shorted stocks. GameStop, despite disappointing earnings, could see increased foot traffic and sales. AMC has a favorable Zacks Rank with improving earnings estimates. Sunpower has an 88% short interest, making it a risky play. Options trading can help limit losses in this volatile market.

Kevin Matras leads Zacks’ Options Trader service, using strategies like covered calls to navigate the market. Zacks recommends top dividend stocks for retirement, highlighting companies with strong fundamentals and dividend growth. Access the free report for unconventional insights. Get the latest recommendations from Zacks for the next 30 days and analyze stocks like Amazon, GameStop, Tesla, SunPower, and AMC.



Read more at Nasdaq: Brian’s Big Idea on Meme Stocks