From Nasdaq: 2024-11-14 01:52:00

The conclusion of the 2024 U.S. presidential election has sparked a surge in stocks, with the “animal spirits” running high on Wall Street. Factors like falling inflation, AI/data center spending, and a dovish federal reserve have contributed to the bullish market sentiment. Meme stocks like MicroStrategy, Tesla, and ARK Innovation ETF have seen significant gains post-election.

BuzzFeed, known for its engaging content and left-leaning media approach, has attracted attention after Vivek Ramaswamy acquired a 9% stake in the company. Ramaswamy aims to revitalize BuzzFeed’s strategy and believes it can become more valuable. With a background in entrepreneurship and connections to new media, Ramaswamy’s involvement could bring positive change to the company.

GameStop, a prominent video game retailer, has gained fame as a meme stock with volatile price movements. Despite skepticism about its fundamentals, GameStop has managed to build a massive cash hoard through strategic share sales during spikes. This financial flexibility positions GameStop for potential investments, expansions, or special dividends in the future.

As the market remains in a risk-on mode post-election, investors are exploring opportunities in meme stocks like GameStop and BuzzFeed. With significant gains and potential catalysts, these stocks are worth considering for those looking to capitalize on the current market trends. Additionally, Zacks Investment Research offers insights into top-performing stocks and strategies for maximizing returns in the current market environment.



Read more at Nasdaq: Zacks Investment Ideas feature highlights: MicroStrategy, Tesla, ARKK, BuzzFeed, Comcast and GameStop