_jim-cramer-can39t-see-gamestop-trading-at-3664-or-even-3644-warns-against-meme-stock-mania-39responsible-move-is-to-sell.jpg "Jim Cramer Can't See GameStop Trading At $64 Or Even $44, Warns Against Meme Stock Mania: 'Responsible Move Is To Sell, Sell, Sell' from bel stock price today Video Screenshot Preview")
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✓ Published: 15-May-2024
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✓ Published: 15-May-2024
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There's no way meme stocks should be at such elevated levels on their own, says Cramer. GameStop has gained 179% and AMC 135% so far this week amid logic-defying rallies.
There's no way meme stocks should be at such elevated levels on their own, says Cramer. GameStop has gained 179% and AMC 135% so far this week amid logic-defying rallies.
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_amc-pays-down-massive-debt-load-as-retail-investors-rally-behind-stock.webp "AMC shares more than doubled since Friday after Roaring Kitty posted online for the first time in 3 years, reigniting the short sell frenzy. During the previous short sell rally in 2021, AMC avoided bankruptcy after retail investors rallied around the stock. AMC raised $250 million from a stock sale this week as the rally occurred and has a chance to put a dent in its substantial debt load from acquisitions in recent years. Lenders have renegotiated debt terms and a higher stock price could lead to better deals.")
_gamestop-amc-make-a-roaring-comeback.webp "TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and what’s fueling another meme stock craze.")
_warren-buffet39s-berkshire-hathaway-sheds-apple-paramount-stock.webp "Warren Buffett has been selling more stocks than buying from Berkshire Hathaway's portfolio for the last 6 quarters, including selling a portion of his Apple stake and all of his Paramount shares. Buffett trimmed 13% of Berkshire's Apple position, still the largest holding, to take tax losses now ahead of potential future tax increases. Berkshire no longer sees Paramount as having the right assets to be a successful entertainment company. Berkshire's main stock purchases were adding to its Liberty SiriusXM tracking stock position and Occidental Petroleum stake.")
_pfizer-settles-zantac-lawsuits-agrees-to-36250m-settlement-to-reduce-liability-report.webp "In a bid to settle thousands of lawsuits over its discontinued heartburn drug Zantac, Pfizer has agreed to pay up to $250 million. The settlement, disclosed in a Delaware court filing last week, is intended to significantly reduce Pfizer’s potential liability, reported Financial Times, citing people familiar with the deal.")
_bumble-pulls-controversial-ad-campaign-mocking-celibacy.webp "Dating app Bumble faced backlash for a billboard ad campaign that seemingly shamed women for not being sexually active and mocked celibacy. Bumble apologized, saying the ads were meant to appeal to those frustrated by modern dating but instead did the opposite. The company will remove the ads and donate the billboard space to organizations supporting women, including the National Domestic Violence Hotline. This follows Bumble's announcing layoffs in February and its stock price falling 45% since last July as young adults opt for in-person or social media connections over dating apps.")
_these-top-retail-reits-yield-up-to-5-4-and-have-been-growing-their-dividends.webp "Retail real estate investment trusts (REITs) own, operate, or finance income-generating retail properties, including shopping centers, malls, strip malls, and other retail spaces, and generate revenue by leasing space to retail businesses. <br/><br/>As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.")
_what-are-bristolians-experiences-with-the-housing-market.webp "The private rented sector has reduced to 27.4% of housing stock in 2023 compared to 30.3% in 2020 according to the Building Research Establishment (BRE). This reduced stock has led to an increase in a huge demand for housing in the private rented sector, leading to increased rents.")
_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.webp "Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \")
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