From NASDAQ: 2024-05-14 05:16:00

“Meme Mania” Is Back: Buy These 3 Stocks. The U.S. equity market crash in 2020 led to the rise of meme stock craze. Wallstreetbets on Reddit spearheaded the movement, with GameStop’s Roaring Kitty leading a short squeeze. Now, meme stocks like GME, AMC, and Reddit are seeing renewed interest, with Tesla also in the mix.

Novavax Soars on Sanofi Deal. NVAX shares doubled after announcing a deal with Sanofi to co-commercialize a COVID-19 vaccine. The deal brings in $1.2 billion in cash and equity, boosting NVAX’s market cap significantly. Reddit, on the other hand, benefits indirectly from meme stock frenzy and licensing deals for AI training models.

Lessons from Meme Stock Mania. While meme stocks like GME can be volatile and unpredictable, opportunities exist for savvy traders. Look for meme stocks with catalysts like Novavax’s deal with Sanofi and potential gains from Tesla’s upcoming products. Consider investing wisely in meme stocks with solid fundamentals and future potential.



Read more at NASDAQ: Zacks Investment Ideas feature highlights: GameStop, AMC, Novavax, Reddit and Tesla