WSB (WallStreetBets) is a Reddit community of investors and traders who follow the stock market. The WSB list includes stocks that receive a lot of media attention and have a strong sentiment from retail investors. The popularity of these stocks among retail investors combined with social media creates viral trends with a global reach and large price movements. WSB investors are attracted to "meme stocks" and popular "blue-chip" stocks due to their familiarity, volatility and momentum. Since meme stocks often experience rapid price movements, traders can potentially make quick profits as more investors rally around a stock, creating a sense of community among meme stock traders. Many people who invest in meme stocks are active participants in online forums and social media groups where they share information and insights about trading strategies, market trends, and individual stocks.
Trump Media Outsourced Jobs to Mexico: Report
What to Expect in the Week Ahead (PLTR, ARM, QCOM Earnings; US Presidential Election and Fed Interest Rate Decision)
Robinhood, Coinbase Among Week's Biggest Financial Losers; Regional Banks Advance
GameStop Might Have a Trump Card or GTA 6 Wildcard in the Mix
On the eve of the election, the "Trump trade indicator" collapsed.
Trump Media Technology Group stock price has recently plummeted by 36% over the past three trading days, with a market cap evaporating over 4 billion US dollars. This means that there has been a 180-degree major turnaround in market pricing - from betting on Trump to betting on Harris.
Weekly Buzz: Magnificent Mix of Market Reactions