GME Jul 2024 18.000 put
- Yahoo Finance Video
Banning Keith Gill would be a 'black eye' for Morgan Stanley: Apex CEO
Meme trade influencer Keith Gill, or "Roaring Kitty," faces a potential ban on the stock trading platform E-Trade. This stems from allegations of market manipulation, ignited by a social media post revealing his position in GameStop (GME), which led to a massive rally in the company's shares. Apex Fintech Solutions CEO Bill Capuzzi joins the Morning Brief to discuss why he believes that "there's no reason" for Gill to be barred from the platform, saying that doing so would be "a black eye for Morgan Stanley." Drawing a parallel to the actions of financial giants like Berkshire Hathaway (BRK-A, BRK-B), which routinely discloses its holdings through 13-F filings, Capuzzi declares, "I don't see anything wrong with what he's done." "Frankly, we would invite him onto the Apex platform, based upon the facts and circumstances that I see," Capuzzi tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance
GameStop is just one part of a jumpy summer start for markets: Morning Brief
GameStop shares surged again on Monday, the latest iteration of a market sideshow that reminds us the market is always full of them.
- Yahoo Finance Video
GameStop: Understanding Roaring Kitty's renewed meme trade
Keith Gill — the meme trader behind the curtain of the "Roaring Kitty' account on X (formerly Twitter) — reignited the cooling embers of May's meme stock rally, an event traditional traders wrote off. GameStop (GME) soared as high as over 70% in Monday trading, settling down to still close 20% higher, after Gill posted a screenshot of his GameStop holdings and options trades on social media. The legitimacy of the photo has yet to be verified. Yahoo Finance Head of News Myles Udland comes onto Market Domination Overtime to talk about the core market themes (^DJI, ^IXIC, ^GSPC), retail trading narratives behind prominent meme stocks, and the "meta" psychology many traders seem to be adopting. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
