Meme stocks to look out (BLBX, GME, AMC, NOK, BB, BBY, SPCE)

One of the most obvious statements available to that subset of investors who are “very interested” in investing and trading stocks is that “investing and trading stocks is very interesting”. It’s tautological. From a market cycle standpoint, it is also inevitably true that as a bull market ages and matures, more and more people become very interested in investing and trading stocks. We are now about 13 years into a secular bull market, and investor enthusiasm hasn’t been surging at this level since the late 1990’s. It’s one of those times when everybody is in on the game, and everybody is making money. It won’t last forever, but it could still last for years.

During this type of market environment, one of the biggest winners among industries is likely to be financial technology providers of services to retail investors and traders. There are low-hanging-fruit examples to confirm this idea, including those that allow transactions, such as Robinhood (13 million users today vs 0 in 2015) or those that allow social community interactions around trading, such as Stocktwits (>2 million users today vs 250K in 2017).

This has been augmented by a massive surge in options trading and a drop in fees charged by brokers to, in many cases, $0/trade. One of the most dramatic examples of the sudden dominant interest of retail market participants is the massive short squeezes we are seeing in stocks such as GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC). This scenario – a raging bull market that casts advantages upon new technology services for market participants – forms the context of the opportunity we highlight here today: Blackboxstocks, Inc (OTCMKTS:BLBX). That’s one of the reasons why a recent analyst research report (SEE HERE) gave this stock a $10/share price target. Blackboxstocks, Inc (OTCMKTS:BLBXis yet to become popular among the meme community but looking at the past few trading sessions it appears that this stock moves significantly on a low volume. Could be this next wave in the making ?

Let’s take a look at some of the meme stocks that are gaining attention on Wall Street. New meme stocks are being created all the time as individual investors look for new ways to beat the stock market. Top five meme stocks to watch include Palantir (NYSE:PLTR), Virgin Galactic (NYSE:SPCE), Nokia (NYSE:NOK), Blackberry (NYSE:BB) and Bed Bath & Beyond (NASDAQ:BBBY). No one can argue that the two most famous meme stocks — video game retailer GameStop (NYSE:GME) and the world’s largest movie theater chain AMC (NYSE:AMC) are still highly volatile. 

Other stocks to watch out for today’s trading sessions include RNAZ and MRM.

TransCode Therapeutics, Inc. (NASDAQ:RNAZ) surged more than 50% yesterday  after it was revealed that the preclinical research supporting its lead candidate, TTX-MC138, was published in Cancer Nanotechnology. These are pre clinical data points and as per the article entitled “Radiolabeling and PET-MRI microdosing of the experimental cancer therapeutic, MN-anti-miR10b, demonstrates delivery to metastic lesions in a murine model of metastatic breast cancer,” resulted from research conducted at the Athinoula A. Martinos Center for Biomedical Imaging in the Department of Radiology at Massachusetts General Hospital and Harvard Medical School. Apparently, RNAZ is down today in the premarket session. It would be interested to see if RNAZ holds on to these gains or falls back to where it was consolidating prior to the news.

Medirom Healthcare Technologies Inc-ADR (NASDAQ: MRM) shares are down over 12% in the paremarket session. The stock prices gained over 73% yesterday after a seeking alpha article revealed that the Japan based MEDIROM Healthcare Technologies (NASDAQ:MRM) has entered into a share transfer agreement to acquire hair salon operator ZACC Kabushiki Kaisha. The two-stage acquisition will have a total consideration of 370M Japanese yen. 

Chinese stock bears are on a rampage and the recent victim was China Liberal Education Holdings Ltd (NASDAQ:CLEU). Stock prices of CLEU dropped as much as 28% yesterday and looks like the bloodbath will continue into Friday. 

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. We may be compensated for posting this content on our website by EDM Media LLC. For questions, comments or suggestions please contact ir@edm.media.

Published by Christine Lawrence

Christine Lawrence is a financial analyst. She loves analyzing socioeconomic trends in the background of financial moves. She has overall seven years of experience in Auditing, Finance and Writing.