Mark and Derek discuss the meme stock mania. Everyone is talking about how these stocks are changing the way some people look at investing in the market. A flurry of individual investors, spurred on by Reddit’s WallStreetBets community, has sent share prices soaring in companies that Wall Street had largely forgotten. And plenty of people have seen substantial gains in a short period of time. Who is investing in these stocks? How have these trends changed investing? How should you approach buying these stocks?
[3:12] SWP's methodology in choosing stocks
[4:28] Who is investing in these stocks?
[5:58] Their takes on the AMC & Gamestop stocks
[8:44] What is Naked Brands?
[10:37] What is Humble?
[13:04] How you should approach these stocks?
[16:58] Micheal Burry's thoughts on these stocks article
[18:09] Melvin capital goes under from shorting Gamestop article
Resources & People Mentioned
AMC https://finance.yahoo.com/quote/AMC/
GAMESTOP https://finance.yahoo.com/quote/GME/
CLOVER HEALTH INVESTMENTS https://finance.yahoo.com/quote/CLOV/
WENDY'S https://finance.yahoo.com/quote/WEN/
NAKED BRANDS https://finance.yahoo.com/quote/NAKD/
HUMBLE https://www.humbl.com/
Wall Street Bets https://www.reddit.com/r/wallstreetbets/
SILVERGATE CAPITAL https://finance.yahoo.com/quote/SI/
Micheal Burry article
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