7/7/2023 0 Comments Imeme girl![]() Additionally, both stocks have been rising today on speculation that the Federal Reserve will cut interest rates in September. Wall Street clearly isn’t too sour on either company, as is evidenced by the fact that JPMorgan Chase recently upgraded WAL to an “overweight” rating. However, there are other factors to consider when assessing the likelihood of PACW and WAL becoming the next meme stocks. During the bull market, the heavy trading helped shape the fortunes of those two companies, allowing them to raise money and-in AMC’s case- helping to save it from financial distress.” Several of those companies were heavily bet against, making them a target for individual investors and at times helping worsen their swings. “The activity is reminiscent of the meme-stock mania of 2021, which drew hordes of traders in to play the intense volatility in names such as GameStop and AMC Entertainment. These types of rumors can make for a tempting opportunity for the r/WallStreetBets crowd, as trading activity today suggests. Yesterday, both PACW and WAL were falling and battling rumors of an encroaching FDIC death. But that doesn’t mean they won’t shift their focus to other fallen companies. ![]() In fact, unstable meme stock Mullen Automotive (NASAQ: MULN) allegedly has a new investor army behind it, even as the company faces severe complications. Failed attempts to drive up AMC and Bed Bath & Beyond haven’t discouraged them. Since the GME short squeeze of 2021, investors have been looking for the next meme stocks. Let’s dive deeper into this complicated topic. However, this doesn’t necessarily mean that PACW and WAL will be the next GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC). If regional banks continue falling out of favor with Wall Street, they could start to fit the r/WallStreetBets criteria. Meanwhile, retail traders may be seeking new meme stocks to throw their weight behind following the fall of former favorite Bed Bath & Beyond (OTCMKTS: BBBYQ). Shares of both PacWest Bancorp (NASDAQ: PACW) and Western Alliance (NYSE: WAL) have fallen significantly, leading to speculation of the Federal Deposit Insurance Corporation (FDIC) closing in. The banking crisis has wreaked havoc on regional banks, shuttering companies such as First Republic Bank, which recently delisted from the New York Stock Exchange. But the timing is such that now it warrants an in-depth analysis. No, the team had to get access to one of the host websites for blockchain transactions, Foundation, which was by invitation-only.This morning, The Wall Street Journal posted an interesting question: “Are regional banks the new meme stocks?” The concept might have seemed outlandish a few months ago. It would take more than just uploading the image and waiting for bids to come in. When Zoe and Dave decided to go all in, they worked with a manager and a lawyer to handle the logistics. Zoe and Dave were looking at a potential six-figure sale. The cryptocurrency, recorded on the blockchain Ethereum, is volatile. Zoe sought advice from her fellow “meme” celebrities, such as Laina Morris of “Overly Attached Girlfriend” and Kyle Craven of “Bad Luck Brian.” Zoe said they even hopped on a Zoom call and made tentative plans for getting drinks together - if they ever found themselves in the same city.Īfter researching the sale of other memes-turned-NFTs, Zoe expected that her meme might sell for 100 Ether, a cryptocurrency that equates to about $2,200 on average per unit. Zoe and Dave thought about it for a few weeks.
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