empty
11.03.2021 04:06 AM
Non-childish games: Roblox, GameStop and memes stocks are growing by leaps and bounds

The Dow broke through the ceiling. The dollar has every chance to put the pound on the shoulder blades, despite the revival in London trading.

Industrial stocks rose more than 1%. The capitalization of the inhabitants of Silicon Valley is steadily growing. So, Amazon.com Inc., Microsoft Corp and Tesla posted gains of 0.8% and 4%. Forecasts for Tesla are not as rosy as those of its technological counterparts, but the damage caused by hackers the day before is minimized by the general trend.

This image is no longer relevant

Thanks to the somewhat hasty statement of market strategists that part of the budget subsidies from Biden's portfolio will be transferred to the hands of high-tech companies, since from the very opening of trading, the shares of the sensational GameStop and other memes are constantly gaining weight.

Roblox shares got off to a good start in early trading in the $ 60-65 range. According to this schedule, an increase of 44% is expected.

Thus, the indicators of the video game manufacturer increased by 14.5%, the audio equipment manufacturer Koss Corp. soared to 40%, AMC Entertainment rose to 10%.

Such hype could affect hedge funds, forcing them to close positions. Today, traders of short positions suffer losses.

Egor Danilov,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Nikkei and U.S. Futures Sink Quietly: Where to Look for Resilience

U.S. Stock Futures Fall After the Close Nikkei Down 0.9%, Chinese Bond Yields Rise U.S. Payrolls Data Crucial for Bond Market Dollar Surges Near 2-Year Highs, Rising for 6th Week

Thomas Frank 10:18 2025-01-10 UTC+2

Fed signals price risk: Should we expect a new round of inflation?

US private sector job growth slows in December - ADP Fed meeting minutes show growing risk of price pressure Quantum computing stocks fall as Nvidia CEO sees long road ahead

Thomas Frank 07:20 2025-01-09 UTC+2

What lies in store for JPY in 2025?

The yen has once again emerged as one of the worst-performing currencies in the G10 by the end of the year. Since January, its exchange rate against the US dollar

Аlena Ivannitskaya 07:44 2024-12-30 UTC+2

Dow Ends 5-Day Gain, S&P 500 Down: Wall Street Friday Results

Stocks Fall in Broad Selloff; Dow Ends 5-Session Winning Run Dollar Set for 7% Year-Over Gain; Yen Faces Fourth Year of Losses S&P 500's 45 YTD Index Gains All Close

Thomas Frank 07:21 2024-12-28 UTC+2

US 10-Year Treasury Yields Highest Since May: What Does It Mean for Investors?

Weekly Jobless Claims Come in at 219,000, Below Expectations Crypto Stocks Fall Following Bitcoin Losses US 10-Year Treasury Yields Hit Highest Since May Indices: Dow Up 0.07%, S&P 500 Down

Thomas Frank 10:27 2024-12-27 UTC+2

Alibaba $4B Closer to Target, Bitcoin Loses Momentum

Asian stock markets ended Thursday lower, losing some of their previously gained positions. Amid the pre-holiday calm in Hong Kong, Australia and New Zealand, where stock exchanges were closed, market

Thomas Frank 11:51 2024-12-26 UTC+2

Santa Claus Rally Gains Momentum: Nasdaq Climbs 1.35%

Crypto Stocks Rise as Bitcoin Soars Chinese Officials Pledge More Economic Support Fed Outlook Remains in Investor Focus Benchmarks Rise on First Day of Santa Claus Rally Indices Rise

Thomas Frank 06:18 2024-12-25 UTC+2

Court wins and medical breakthroughs: Qualcomm, Lilly set the tone for Wall Street's third positive session

Big tech companies push Wall Street higher Dow, Nasdaq post third straight positive session Qualcomm rises after chip lawsuit win over Arm Lilly rises after sleep apnea weight-loss drug gets

Thomas Frank 12:53 2024-12-24 UTC+2

Inflation falls to 2.4%: Markets respond with gains, but week remains a loss

November PCE figure at 2.4% annualized, below 2.5% forecast Real estate leads S&P sector gains US House to vote Friday to avoid government shutdown Indices rise: Dow 1.18%, S&P

Thomas Frank 06:21 2024-12-23 UTC+2

Is the Fed Changing the Game? How Markets Are Reacting to Slowdown Signals

Micron, Lennar Fall After Results Banks Strengthen as U.S. Bond Yields Rise Dollar Recovers Slightly; Gold Rebounds Q3 GDP Revised Upwards Dow Up 0.04%, S&P Down 0.09%, Nasdaq Down 0.10%

Thomas Frank 08:15 2024-12-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.