Stocks closed on Friday and the S&P 500 closed May with its fourth straight month of gains as inflation data failed to dent investor sentiment about the recovery in the US economy.
The Dow Jones Industrial Average ended up 64 points, or 0.19%, at 34,529, the S&P 500 was up 0.08% and the Nasdaq was up 0.09%.
AMC Entertainment (AMC) – Get a report, GameStop (GME,) – Get a report and others are back. These Reddit stocks have been scorching and are starting to rise with strong rallies on the rise. As these so-called meme stock leaders go looking for an offer, they drag the others higher.
AMC shares jumped nearly 25% on Friday, although their price was reversed at noon and, at last check, was down 4.49% to $ 29.50, although still up well as of late. -above 100% for the week. On Thursday, the stock posted its biggest gain in a day since January’s meme retail trading frenzy, pushing its market value to over $ 10 billion for the first time.
Galactic Virgo (SPCE) – Get a report, which had its own catalyst related to theft – Rocket Cos. (RKT) – Get a report, Blackberry (BB,) – Get a report and others took advantage of strong rallies. Beyond meat (BYND) – Get a report Trading well too, a stock that TheStreet’s Jim Cramer said would be the next stock to soar.
However, AMC was the clear leader in the recent decision, wrote Bret Kenwell of TheStreet. While GameStop sparked the first major short-squeeze trade earlier this year, it’s only increased “only” 45% in the past five days. While impressive, that doesn’t matter compared to AMC, which is up 175%.
Anyone who runs the stock of AMC or GameStop is crazy, Cramer told his Mad Money viewers this week. The WallStreetBets team is too powerful, Cramer explained, and anyone who dares to bet against these actions could be slaughtered.
On real money, Timothy Collins says the madness in AMC, GameStop, and other stock meme is entertaining, “but if speculation returns to the market, then buying the breakouts and the winners is the way to go. ” Learn more and benefit from his analysis on real money.
Here are some of the best stocks from the past week in terms of their percentage change performance at the close of trading on May 28. These include stocks above $ 10 at the time of publication.
1. AMC Entertainment | + 116.23%
AMC Entertainment Shares (AMC) – Get a report has risen for a fifth day amid a new meme-stocks frenzy and as the movie giant gears up for a back-to-normal summer of movie premieres and in-person presence.
Cramer said AMC is expected to create a $ 2 billion convertible bond. “You do that and the people who sell common stocks and hold convertible bonds are going to be under tremendous buying pressure from the folks at AMC-WallStreetBets. And that’s fine,” he said. .
2. Virgin Galactic | + 48.22%
Galactic Virgo (SPCE) – Get a report soared after the company successfully completed its first space flight in more than two years, bringing it closer to offering regular commercial travel to outer space.
The company, founded by billionaire Richard Branson, conducted a test flight from Spaceport America, New Mexico, on Saturday last week.
3. Beyond meat | + 36.32%
Beyond meat (BYND) – Get a report Shares extended their gains on Friday as the plant-based food maker continues to benefit from the tailwind of retail investors in the stock meme universe and Cramer’s stamp of approval.
Beyond Meat, says Cramer, fits nicely into the r / wallstreetbets investment thesis: it’s led by a talented CEO of Ethan Brown, it’s set to grow based on recent offerings. of products with McDonald’s and Yum! The brands and the short interest in the security remain high at 25.2% of the float in circulation.
4. GameStop | + 25.57%
While GameStop (GME) – Get a report triggered the first big short-term trade earlier this year, it has only grown “only” 45% in the past five days. While impressive, that doesn’t matter compared to AMC, which is up 175%.
At last check, GameStop shares were down 8.71% to $ 232. Cramer said that if you own GameStop you “shouldn’t be offering the stock until at least $ 250”.
5. Welbilt Inc | + 24.86%
Welbilt (WBT) – Get a report surged after Reuters reported that Italian catering equipment maker Ali Group made a $ 3.3 billion cash offer for the kitchen and restaurant equipment producer.
Last month, Welbilt agreed to be bought out by his peer Middleby (WAY) – Get a report for $ 2.9 billion in shares. A source told Reuters that Ali Group is offering $ 23 for each Welbilt share.
6. Riot blockchain | + 18.78%
Riot blockchain (RIOT) – Get a report recently recorded results for this last quarter showing it increased mining revenues by 881.1% to $ 23.2 million for the three-month period ended March 31, 2021, from $ 2.4 million for the same three-month period in 2020.
Earlier this month, Cramer said of Riot Blockchain: “If you think Bitcoin is going up, you can buy this one.”
7. BlackBerry | + 18.19%
Blackberry (BB) – Get a report last week announced its next-generation cloud-based endpoint discovery and response (EDR) solution, BlackBerry Optics 3.0, and BlackBerry Gateway, the company’s first Zero Trust Network Access (ZTNA) product with AI.
“We are excited to see our vision for an extended detection and response architecture take shape,” said Billy Ho, senior vice president of product engineering at BlackBerry.
8. fuboTV | + 17.0%
FuboTV Inc. (FUBO) – Get a report, the leading live streaming television platform for sports, announced on Wednesday that co-founder and CEO David Gandler and CFO Simone Nardi will present and host one-on-one investor meetings at several conferences of investors to come.
“It’s been a problematic quarter. I don’t have as much faith in this company as I do with Roku (ROKU) – Get a reportCramer said.
9. Bed Bath & Beyond | + 15.90%
Bed bath and beyond (BBBY) – Get a report earlier this month, announced its first-ever comprehensive environmental, social and governance (ESG) strategy which sets out several bold strategic goals that underpin its commitment to its citizens, community and the planet.
The company recently appointed Stacey Shively as senior vice president and general manager of home merchandise.
10. Moderna | + 15.59%
Moderna (RNAm) – Get a report Shares rose after biotech said its COVID-19 vaccine was successful in a study of adolescents aged 12 to 17.
The company said the Phase 2/3 study of the vaccine in adolescents “achieved its primary goal of immunogenicity, successfully linking immune responses to vaccination in adults.”