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 Today's Scoop: Boredom 

Big Picture

1) The Gamestop meme-stock mania is fully back.2) Corporations are facing growing calls for accountability on diversity pledges.

The Market: ⬆️0.02%

S&P 500: 4,227.26

1Mo: +1% | 1Yr: +32% | 5Yr:+102%

The market has been broadly tame this week, now that we’re in the void between corporate & economic data releases. Investors are focusing their attention on pumping up random “meme” stocks, with investors buying up shares of Clover Health (+86%) & Wendy’s (+26%) today.

 Company Scoops (Click to read & vote your opinion) 

Snowflake apologizesLululemon looks fitLyft goes micromobilityUnitedHealth cuts ER coverageTwitter wants more money

CLICK THE LINK BELOW TO... * Read these headlines ** Evaluate their impact ** See how others feel *

🤓 Inside Scoop...

"Meme stocks" are companies that have recently received attention from investors in the online community (Reddit, TikTok, etc.). Similar to what happened in January to Gamestop, these investors are buying up shares of a particular company, sending its stock price surging, often irrespective of any particular company activity. Hedge funds & institutions are piling into the same trades to make money by buying & selling as the price rises. They call it "momentum trading". 

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