Thursday, April 25, 2024
Matterport (MTTR) is one of the purest plays in the new market being referred to as the metaverse, and it has started to gain traction after Facebook officially changed its name to Meta Platforms (FB) last November. At the time, Facebook’s CEO and founder, Mark Zuckerbrrg, said: “The metaverse is the next frontier in connecting […]
There is no doubt that social networks have completely changed our society. A few generations ago, young people wanted to become teachers, doctors, policemen, or some other type of professional. But no longer: a 2019 survey conducted by Morning Consult showed that more than half of the 2,000 Gen Z and millennials surveyed want to […]
Recent articles, such as this one from the Wall Street Journal, highlight the explosion in options trading by individual investors. As the article notes: “By one measure, options trading by individual investors has risen roughly fourfold over the past five years, according to Cboe data.” I believe we live in a culture with a lot […]
While 2021 has been a very unusual year for the stock market, the most notable thing to happen is the rise of meme stocks. Meme stocks are the ones that get talked about on social media platforms like Twitter and Reddit. The first one to achieve widespread public attention was GameStop (GME). Generally speaking, meme […]
Paysafe (PSFE) is a recent special purpose acquisition company (SPAC) that began trading on the New York Stock Exchange at the end of March, following its merger with Foley Trasimene Acquisition II Corporation. The company has made a mark everywhere in the gaming world, with digital wallets and eCash solutions in a sector that is […]
Shares of Roblox (RBLX) have been in a recent downtrend and the stock could fall below its mid-March debut on continued weakness. The video game company opened at $64.50 per share on March 10 after its direct listing reference price was set at $45. Founded in 2004, Roblox is the maker of a platform that […]
One active name in options this past week was Roblox (RBLX), a video game company that recently had its IPO. RBLX produces an extremely popular game that has shown very strong growth. The company recently partnered with Hasbro for physical toys as well. On a busy day last week, 85% of the options that traded […]
Gambling stocks struggled in 2020 as companies with large physical casinos experienced dramatic declines in revenue and earnings due to the coronavirus pandemic. However, the sector has shown strength throughout 2021 so far, as a number of positive developments are coming into play. While the advancements in coronavirus vaccine development have been a welcome relief […]
Baseball is back, with a deal for a 60-game season just announced. Professional golf is back. Nascar has been back for several weeks. Professional tennis, though off to a rocky start, is back. And, sports betting is back. Which means companies like DraftKings (DKNG), which runs an online sports betting platform, is back in business. […]
