E Reddit Stocks Continue Benefiting From Cryptocurrencies & Speculation

Yes, this is an ETF tracking stocks with higher degrees of social sentiment. Aside from GameStop and Tesla, Apple (AAPL), Amazon (AMZN), Palantir (PLTR), Advanced Micro Devices (AMD), Rocket (RKT), Viacom (VIAC), Novavax (NVAX), and Draftkings (DKNG) round out the top 10 stocks in the BUZZ ETF.

Things like this have forced the hand of the "smart money" in some ways. With the flood of new retail traders, it's tough to fight such massively bullish trends. This is where we see major firms like Melvin Capital and Archegos Capital coming under fire thanks to considerable margin calls, essentially getting caught red-handed with higher than normal leveraged positions that it couldn't service. If anything comes out of 2021, it is sure to be the rise of the retail trader. The big question now is can this rise lead to a sustainable path forward, or will it be one of the flashes in the pan for stock market history?

1 2 3
View single page >> |

Disclosure: None. 

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.
William K. 1 month ago Member's comment

Why is crypto-currency surging? It is "something new" and so it attracts attention, plus it is not that well understood, and so the mystery attracts some folks. The market is certainly not all cold science, and thus arriving at a totally logical analysis will be challenged a bit. And so certainly there is "Something for Everyone."