Meme stock resurgence will 'end in tears,' says portfolio manager

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One portfolio manager says gains in GameStop Corp. shares have nothing to do with the company's performance, adding that investors should stay away from the renewed enthusiasm in meme stocks.

Overdue Bills Are Rising With US Debt Delinquencies, Fed Survey ShowsGalaxy’s Novogratz Sees Bitcoin Stuck in $55,000 to $75,000 Range for NowMeme-Stock Mania Revival Hits Short Sellers With Over $1 Billion LossesGovernments, Firms Pledge $2.

2 Billion for African Clean CookingRussia Detains Second Defense Ministry Official in Bribery CasePeter Thiel’s VC Firm Backs Election Betting With Polymarket InvestmentBiden Imposes Tariffs on Chinese Chips, Critical Minerals, EVsOlive Oil Windfall Becomes Lifeline for Tunisia With IMF on HoldAI Startup Co-Founded by David Sacks Officially LaunchesNigeria’s Glut of Unsold Oil Starts to Shrink as Prices WeakenSunPower Stock Soars on Meme Frenzy as Short Interest MountsCanada's economy faces...

 

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GameStop stock gains more than 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

GameStop stock gains 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

GameStop stock gains nearly 100% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

GameStop stock gains more than 100% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Gamestop Stock Surge Is a Long Way From 2021’s Meme-Stock FrenzyGameStop Corp. shares more than doubling on no fundamental news. Short sellers getting squeezed and retail traders using same-day options to amplify gains in otherwise beaten-down stocks. Nonsense crypto coins adding more than 1,000%.
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