2024-05-17 07:00:00 ET
Summary
- Meme stocks such as GameStop and AMC are making a comeback, but analysts are skeptical about their longevity.
- Real estate investment trusts are being touted as a sustainable investment option with potential for profit.
- Cohen & Steers' research highlights that REITs have outperformed stocks and bonds in periods of lower yields and growth, and their valuations are below historical medians.
Meme stocks are back!
GameStop ( GME )… AMC ( AMC )… Tupperware ( TUP )… Virgin Galactic ( SPCE )… BlackBerry ( BB )…
They’re all making the headlines again in a seeming salute to the crazy days of 2021. While we haven’t seen the same enthusiasm so far, there still have been some prominent price movements this past week.
Take the stock that started it all. It jumped from $17.45 (Friday’s close) to over $30 by Monday’s closing bell. And it spiked again at Tuesday’s open to $55.69.
The fact that GameStop lost steam from there is giving analysts plenty of room to question the meme stock revival’s longevity. And they may very well be right that it’s going to be different this time around.
In the end, though, it doesn’t matter much to me. I’m only really paying attention to the story for its entertainment factor....
Read the full article on Seeking Alpha
For further details see:
Avoid Meme Stocks, Invest The 'REIT' Way