Meme Fever Returns as GameStop, AMC Rally and New IPOs Ride the Wave
• Meme stocks like GameStop and AMC are making a comeback as the stock market rallies • New IPOs like Reddit and Trump Media have seen volatile trading typical of meme stocks • Meme stocks have 3 hallmarks quasi-religious fervor, disregard for fundamentals, and high short interest • Investors pile into meme stocks for quick flips and high returns over short timeframes • Small-caps and underperforming sectors like industrials may see the next meme stock surge