As the meme trade frenzy returns, Bank of America Securities senior internet technology analyst Justin Post joins Catalysts to discuss the potential impact on Reddit (RDDT). Post characterizes Reddit as an "AI beneficiary" but explains that it is still hard to say whether the company will be considered a meme stock in the future. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This article was written by Gabriel Roy
The US Bureau of Labor Statistics' JOLTS data (Job Openings and Labor Turnover Survey) for April fell below forecasts, posting a print of 8.06 million for the month. In this episode of Catalysts, Brad Smith and Madison Mills are joined by Citi Economist Veronica Clark and Sanctuary Wealth Chief Investment Strategist Mary Ann Bartels to review what the latest JOLTS print indicates about the US economy. As GameStop (GME) shares settle back down, trading platform E-Trade is reportedly considering banning retail trader Keith Gill — who goes by "Roaring Kitty" on social media — on claims of supposed market manipulation around the meme stock. Wall Street Journal Reporter AnnaMaria Andriotis, the journalist who originally broke the story, sits down with Yahoo Finance. ABB (ABBNY, ABBN.SW) Chairman Peter Voser shares his thoughts on the rate of growth in EV charging infrastructure and whether more private sector investments need to flow into the space to allow it to flourish. This post was written by Luke Carberry Mogan.
It remains to be seen if prices settle around current levels, which are about 50% higher than before the latest frenzy started. GameStop jumped more than 100% at times earlier this week.