The Meme Stock Boom is Over
Photo by Gilly / Unsplash

The Meme Stock Boom is Over

AMC and GameStop plummeted.

Steven Lerner
Steven Lerner

Today is Tuesday, December 14, 2021.

The Meme Stock Boom is Over

Shares of GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) plummeted on Monday, signaling a potential end to the meme stock trade that dominated 2021.

Numbers: Both GameStop and AMC, the two darlings of the meme stock trade, posted multi-month lows as part of a larger market selloff on Monday. GameStop fell 13.96% and AMC dropped 15.31%.

Catalyst: Most of the meme stocks have been fading in recent weeks. The short squeezes that played a role in the rise of meme stocks are no longer as prominent. Additionally, investors have become less interested in these meme names.

Glass Half Full: AMC and GameStop have produced slightly better-than-expected earnings this quarter. There is still some optimism that both companies can bounce back.

Final Thoughts: Despite recent losses, both AMC and GameStop are still up by a lot this year.


Notable Earnings Today: Aspen Group (Nasdaq: ASPU), CleanSpark (Nasdaq: CLSK), SeaChange (Nasdaq: SEAC), Skillsoft: (NYSE: SKIL).

Notable IPOs Today: Parsec Capital Acquisitions Corp Class A Common Stock (Nasdaq: PCX), 8i Acquisition 2 Corp. Ordinary Shares (Nasdaq: LAX), Sidus Space, Inc. Class A Common Stock (Nasdaq: SIDU), Kairous Acquisition Corp. Limited Unit (Nasdaq: KACLU).

Notable Equity Crowdfunding Campaigns Ending Today: Everybody Water (StartEngine), EX Venture (Wefunder), Whip (StartEngine).

Notable Economic Events Today: Producer price index (8:30 a.m. ET), API weekly crude oil stock (4:30 p.m. ET).

Kansas City Southern Merger Complete

12/05/2020 - 17:50
Photo by Marissa Beletti / Unsplash

The merger between Canadian Pacific Railway (NYSE: CP) and Kansas City Southern (KSU) is expected to close today, concluding a process that began months ago.

Numbers: Shares of Kansas City Southern are up 48% this year, surpassing many large companies in the railroad industry.

The Good: Investors are looking forward to the merger. Shareholders of Kansas City Southern will get $37.50 for each share of their stock.

The Bad: Despite the success of Kansas City Southern this year, the stock price might be overvalued to some investors.

Final Thoughts: The real questions should be reserved for Canadian Pacific. Can the railroad giant have a better 2022 than its lackluster 2021?

90% of Bitcoin Supply Mined

90% of all the possible Bitcoin in the world has been mined, according to on Monday.

Details: There is a total supply of 21 million Bitcoin. Nearly 18.9 million Bitcoins have already been mined.

Dates: The first Bitcoins were mined nearly 13 years ago in January 2009. The remaining Bitcoins will not be mined until February 2140.

Numbers: As Bitcoin’s supply reached the 90% threshold on Monday, the price also fell by over 3%.

Final Thoughts: The circulating supply of Bitcoin is also likely less than 18.9 million because many coins are lost.

I’m Lovin’ It: Beyond Meat's McPlant launching nationwide at McDonald's early next year (Seeking Alpha)

Taking Chips Off the Table: MGM will sell iconic Las Vegas Mirage Hotel in $1 billion deal (USA Today)

Thinking About It: Germany's trillion-euro savings banks mull crypto wallet (Reuters)

Ambitious: Harris unveils plan for electric vehicle charging network (Associated Press)

Embracing the Buzzword: Intel wants to take you inside the metaverse (Quartz)

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