Impending interest rate hikes meant to curb rampant inflation obviously don't help the bull case, but it's difficult to deny earnings are bouncing back from their pandemic lull. One of the original meme stocks, GameStop (NYSE: GME) shares soared in early 2021 in what looked like a combination of a short squeeze and speculation on that short squeeze. More to the point, without any clarity regarding the company's turnaround plan, investors are prone to lose interest in supporting this stock's still-lofty price. Read More...
Impending interest rate hikes meant to curb rampant inflation obviously don’t help the bull case, but it’s difficult to deny earnings are bouncing back from their pandemic lull. One of the original meme stocks, GameStop (NYSE: GME) shares soared in early 2021 in what looked like a combination of a short squeeze and speculation on that short squeeze. More to the point, without any clarity regarding the company’s turnaround plan, investors are prone to lose interest in supporting this stock’s still-lofty price.
