Meme Stocks Are Still Kicking — 2 Lessons After BBBY’s 60% Crash

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Meme Stocks Are Still Kicking — 2 Lessons After BBBY’s 60% Crash

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Charles Sizemore,
Co-Editor, Green Zone Fortunes

Well, that was nasty.

In case you missed it, Bed Bath & Beyond Inc. (Nasdaq: BBBY) had a rough time last week. The stock lost almost 20% of its value on Thursday … and then proceeded to drop another 44% in after-hours trading.

By Friday’s close, BBBY was 60% lower than its Tuesday peak.

Neither a bad earnings release nor negative guidance tanked the stock. The retailer’s woes have been common knowledge for years.

No, it was news that activist investor and GameStop Chair Ryan Cohen had liquidated his large position in the company after purchasing more than 7 million shares earlier this year.

BBBY is the latest meme stock to face a reckoning, but it won’t be the last.

Click here for my take on meme stocks and two tips if you do want to trade them.

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Chart of the Day

As China’s Economy Slumps, U.S. Stocks May Benefit

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Michael Carr,
Editor, True Options Masters

China’s economy is slowing.

Its gross domestic product (GDP) grew 2.5% in the first half of 2022.

That’s well below the government’s target of 5.5%.

It appears that economic growth might be even lower, according to recent data.

See what question the chart below raises, and why it's a good sign for U.S. stocks.

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"No Historic Crash Is Coming — What's NEXT Is Much Worse…" (Ph.D. Economist)

Has President Biden’s new executive order…

Alongside MIT, 77 global governments, the Gates Foundation, UNICEF and the Clinton Development Initiative…

Ignited a historic $40 trillion transfer of wealth from the middle class to the rich?

One of the nation’s leading economists (Nomi Prins) has traveled to Delray Beach, Florida, to uncover exactly what’s happening and what this means for your money.

Click here to watch.

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1902: After Henry Ford and investors couldn’t find common ground on where to take the Henry Ford Company’s next model, the latter formed the Cadillac Motor Company. This explains why the first model of the Cadillac looked so similar to Ford's Model A. Cadillac was already considered a luxury brand when auto giant General Motors (NYSE: GM) purchased the company seven years later.


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