From Nasdaq: 2024-11-13 10:07:00

Stocks have surged post-election, with Wall Street experiencing a boom. Factors like falling inflation, AI spending, and a dovish Fed have contributed to this growth. The recent election further fueled this rise, with meme stocks like Bitcoin, Tesla, and ARKK seeing significant gains.

BuzzFeed, known for its viral content, has struggled but received a boost from Vivek Ramaswamy’s 9% stake. Ramaswamy aims to revitalize the company and potentially balance left-wing media. BZFD shares are now breaking out after a period of consolidation, signaling potential growth ahead.

GameStop, famous for meme stock speculation, has a massive cash hoard from savvy stock sales during spikes. This gives GME flexibility for future investments or dividends. Despite skepticism about its fundamentals, GME’s meme stock status has real-world benefits for the company’s financial position.

Experts have identified 7 elite stocks for the next 30 days, with a history of outperforming the market. These Zacks Rank #1 Strong Buys have beaten the market by over 2X annually. Investors are advised to pay attention to these hand-picked stocks for potential early price pops.



Read more at Nasdaq: 2 Meme Stocks to Buy Now