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Stock impact report

Why meme stocks like GameStop could cause you headaches [Yahoo! Finance Canada]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Listen and subscribe to Opening Bid on Apple Podcasts Spotify YouTube or wherever you find your favorite podcasts. GameStop ( GME ) is once again on traders' minds after saying it would start to buy bitcoin ( BTC-USD ) to diversify its cash reserves. And for those who continue to love the struggling gaming company, its controversial CEO Ryan Cohen, and its meme stock peers, Ritholtz Wealth Management co-founder Barry Ritholtz has some potentially sobering advice. “We all imagine that we're going to find that one random stock that's going to turn $10,000 into $10 million. I'm sorry, but it's a lottery ticket,” he said during a conversation on the Opening Bid podcast with Yahoo Finance Executive Editor Brian Sozzi (see video above or listen below). “You're more likely to be hit by lightning than you are to do that.” Ritholtz opened his wealth management firm in 2013 and has racked up a string of recognitions that include ETA Advisor of the Year, placement on the FT top 300 US A Show less Read more
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