GME Oct 2024 16.000 put
- Yahoo Finance Video
Jobs report, meme stocks move ahead of Roaring Kitty livestream: Yahoo Finance
Wall Street is reacting to the May jobs report. Economists expected nonfarm payrolls to increase by 180,000, with the unemployment rate steady at 3.9%. The report comes ahead of the Fed's interest rate meeting next week. Meme stocks including GameStop (GME) and AMC Entertainment Holdings (AMC) are moving this morning ahead of a highly anticipated livestream from Roaring Kitty. The stream is set to be the trader's first on YouTube in nearly four years. Yahoo Finance trending tickers include DocuSign (DOCU), PayPal (PYPL), and Robinhood Markets (HOOD). Key guests include:8:30 a.m. ET - Lauren Goodwin, New York Life Investments Economist and Chief Market Strategist & Robert Sockin, Citi Senior Global Economist9:30 a.m. ET - Julie Su, Acting Labor Secretary9:40 a.m. ET - Brent Thill, Jefferies Senior Analyst10:15 a.m. ET - Nancy Tengler, Laffer Tengler Investments CEO & CIO10:40 a.m. ET - Mark Clouse, Campbell Soup Company CEO11 a.m. ET - Bridget Lohrius, Sandwina Founder and CEO
- Yahoo Finance Video
Nvidia: Why investors are shorting the stock ahead of its split
Nvidia's (NVDA) market cap briefly surpassed $3 trillion ahead of the company's planned 10-for-1 stock split on Friday after the market close. S3 Partners Managing Director Ihor Dusaniwsky joins Market Domination to discuss how the move will affect short selling. Dusaniwsky notes that there is a significant short interest in Nvidia, about $2 billion worth over the last 30 days. "This ends up being kind of like a roulette wheel, red or black?" Dusaniwsky says, explaining that investors have to decide whether Nvidia has seen such a run that it's due for a pullback after the split or if it could be the start of a bigger move higher. Watch the video above to hear what Dusaniwsky says about GameStop (GME) shorts getting squeezed and where else in the market he is seeing short interest. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
What Keith Gill could do to avoid scrutiny: SEC Defense Lawyer
GameStop (GME) investor Keith Gill, or "Roaring Kitty," is under regulatory scrutiny. The Massachusetts Securities Regulator launched a probe into Gill's GameStop trading activity and social media use after the Reddit account associated with the trader revealed a huge stake in GameStop, causing its shares to surge. Defense attorney and former SEC Enforcement Division Chief Lisa Bragança joins Catalysts to discuss the investigation. Bragança explains that regulators will seek information about whether Gill's actions amount to market manipulation. To do so, they will investigate his public actions, such as posting memes, and his private conduct in search of an "insidious purpose," the attorney explains. She adds that regulators will look to see if he is coordinating with anyone else to orchestrate a "pump and dump." The attorney points out that purchasing 20% of a public company and disclosing that stake is "just disclosure." In general, the attorney would advise investors to disclose before they intend to sell so the market can absorb the information. This tactic could help an investor avoid regulatory scrutiny. 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
