GameStop meme stock mania, Nvidia earnings, and Bitcoin misses the party: Markets news roundup

Photo: Shannon Stapleton (Reuters), Bobby Yip (Reuters), Shannon Stapleton (Reuters), Dado Ruvic (Reuters), Brendan McDermid (Reuters), Illustration: Dado Ruvic (Reuters)

Photo: Shannon Stapleton (Reuters)

Photo: Bobby Yip (Reuters)

Photo: Shannon Stapleton (Reuters)

The online return of Roaring Kitty, the American investor known for his posts on the subreddit r/wallstreetbets, drove GameStop stock up sharply Monday — so much that trading was halted.

Photo: Dado Ruvic (Reuters)

It looks like meme stocks are back in the game. Shares in video game retailer GameStop got a huge boost Monday due to a cryptic social media post. “Roaring Kitty,” the online name of American investor Keith Patrick Gill, who is known for igniting GameStop’s massive meme stock short squeeze in 2021, posted on X after a three-year hiatus — sending GameStop stock up as much as 110% and halting trading several times.

Photo: Brendan McDermid (Reuters)

Why Nvidia needs to deliver on Q1 earnings

Steve Sosnick, chief strategist of Interactive Brokers, spoke with Quartz for the latest installment of our “Smart Investing” video series.

Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.

Illustration: Dado Ruvic (Reuters)

Own GameStop or AMC stock? Sell now, says strategist

Steve Sosnick, chief strategist of Interactive Brokers, spoke with Quartz for the latest installment of our “Smart Investing” video series.

Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.

Why Nvidia needs to deliver on Q1 earnings

Nvidia reports earnings next week and Steve Sosnick of Interactive Brokers believes the market could turn south if they don’t deliver a strong beat and guidance

Own GameStop or AMC stock? Sell now, says strategist

Steve Sosnick of Interactive Brokers breaks down his concerns about the meme stock rally

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