Author: Rising Candle Team

GameStop Corp (NYSE: GME) stock soared more than 20% during after hours following a stock-split announcement. In an 8K filing to the SEC, the world’s most popular gaming retailer seeked shareholders approval to increase the number of authorized Class A common stock from 300 million to 1 billion shares. The filing also says that, If the 2022 Equity Plan is approved by stockholders, it will replace the current 2019 Incentive Plan and 8,000,000 shares of the Company’s Class A common stock, plus any shares subject to the 2019 Plan that expire, are forfeited, cancelled, terminated or settled in cash after…

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AMC Entertainment has been named one of the “100 Most Influential Companies of 2022” globally. Time Magazine recognizes AMC under the ‘Disruptors’ category for ‘Meme-Stock Mastery. AMC’s CEO Adam Aron shared this news on Twitter. He also noted that AMC joins the elite list of 100 companies, including Alphabet (Google), Amazon, Apple, Disney, Meta (Facebook), Microsoft, Moderna, Pfizer, Reddit, and Walmart. https://twitter.com/CEOAdam/status/1509371907845627907 AMC has been one of the most active stocks, both on and off the stock exchange. Thanks to its investors. During its Q4 earnings call held earlier this month, Adam Aron disclosed that over 95% of AMC’s public float is owned by…

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Reuters reported that, The US dollar grew for the fourth time in the past five sessions as economic data on the labor market helped affirm the fact that the U.S. Federal Reserve will be more aggressive in taking steps to curb inflation. Weekly initial jobless claims fell to a seasonally adjusted 187,000 last week, the lowest level since September 1969 and below the 212,000 forecasts. While new durable goods orders unexpectedly fell in February as shipments slowed, demand for goods remained strong. In addition, a measure of business activity for March climbed to an eight-month high.Federal Reserve officials’ data and…

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The 10-year benchmark for the US T-bond yield hit its highest level since May 2019 – above 2.3%. Economists at OCBC Bank expect Treasury yields to stabilize between 2.05-2.25% in the coming weeks. “We expect Treasury yields to stabilize with upside limited in the near term; the 10Y UST yield is likely to stay in between 2.05-2.25% in the coming weeks.” “Further head, we look for the 10Y yield to reach 2.5% by year end.”

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GBP/USD gains following a decline towards 1.31 earlier in the day. The pair are closing in on the crucial 1.32 resistance, and additional gains are expected to be witnessed if sellers fail to defend that level. “The economic docket will not feature any high-impact data releases on Tuesday and GBP/USD needs risk flows to continue to dominate the financial markets in order to extend the recovery.” “In case 1.32 level turns into support, the next bullish target could be seen at 1.3250 (Fibonacci 61.8% retracement).” “On the downside, 1.3150 (Fibonacci 38.2% retracement) aligns as first support before 1.31 (50-period SMA,…

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Gold leaped from a low of $1,782 in early 2022 to a high of $2,070 due to the Russian-Ukraine crisis. World tensions peaked during the 2nd week of March before falling back towards $1,925; geopolitical tensions related to the war in Ukraine moderated the price action. Strategists at TD Securities expect XAU/USD to average $1,863 this year. “Based on the pattern of market behavior over the last several years, we see considerable volatility and expect the yellow metal to average about $1,863 this year.” “The outlook deteriorates in the latter part of the year as central bank policy gets much…

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25 most mentioned stocks on Reddit’s Wallstreetbets: From Intra day 1pm EST to End of Session 4pm EST MSFT: 152 TSLA: 91 GME: 76 EOD: 34 IBM: 26 HOOD: 23 NVDA: 20 AAPL: 17 PLTR: 17 AMC: 17 ON: 15 ARE: 12 AMD: 12 AMZN: 10 F: 9 NFLX: 7 TEAM: 7 ME: 6 WISH: 6 SHOP: 6 CAN: 6 TD: 6 OUT: 5 U: 5 PTON: 5 25 most mentioned stocks on Reddit’s Wallstreetbets: From Early hours 4:30 am to Intraday 12 pm EST GME: 64 TSLA: 63 MSFT: 62 EOD: 18 IBM: 17 HOOD: 16 AMC: 13 NVDA:…

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25 most mentioned cryptocurrency on Reddit: From Intra day 1pm EST to End of Session 4pm EST BTC: 79 LRC: 40 ETH: 38 NFT: 22 ADA: 16 CRO: 15 ATOM: 14 FTM: 12 DOT: 11 MATIC: 6 ONE: 3 VET: 3 LINK: 3 ALGO: 3 SOL: 2 XMR: 2 USDC: 2 L2: 2 AVAX: 1 XTZ: 1 BAT: 1 ILV: 1 MANA: 1 CKB: 1 ROSE: 1 25 most mentioned cryptocurrency on Reddit: From Early hours 4:30 am to Intra day 12 pm EST BTC: 71 ETH: 37 NFT: 19 LRC: 18 ADA: 18 CRO: 12 ATOM: 11 FTM: 10…

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25 most mentioned stocks on Reddit’s Wallstreetbets: From Intra day 1pm EST to End of Session 4pm EST GME: 145 TSLA: 115 AMC: 51 MSFT: 38 EOD: 35 HOOD: 32 PLTR: 30 PTON: 30 SHOP: 24 AAPL: 23 ARE: 23 ON: 22 F: 21 NVDA: 20 NOW: 16 NFLX: 16 AMZN: 15 ME: 15 SOFI: 14 SO: 13 IBM: 13 V: 11 RSI: 10 BY: 9 HAS: 9 25 most mentioned stocks on Reddit’s Wallstreetbets: From Early hours 4:30 am to Intraday 12 pm EST GME: 123 TSLA: 123 AMC: 42 HOOD: 34 MSFT: 33 PLTR: 32 PTON: 29 EOD:…

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25 most mentioned cryptocurrency on Reddit: From Intra day 1pm EST to End of Session 4pm EST BTC: 103 ETH: 58 SOL: 16 ATOM: 14 CRO: 13 ADA: 12 DOT: 10 LRC: 9 ALGO: 9 NFT: 8 VET: 7 CKB: 6 LINK: 5 ICP: 5 USDC: 4 FTM: 4 YOU: 4 AVAX: 3 ONE: 3 MATIC: 3 ETC: 2 USDT: 2 LUNA: 2 NEAR: 2 DOGE: 2 25 most mentioned cryptocurrency on Reddit: From Early hours 4:30 am to Intra day 12 pm EST BTC: 90 ETH: 63 SOL: 16 ADA: 13 ATOM: 11 CRO: 11 ALGO: 10 DOT: 10…

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