Schwab Network artwork

"Meme Stock" Activity Vs. Long Term Investments

Schwab Network

English - June 09, 2021 19:20 - 7 minutes - 52.6 MB - ★★★★★ - 23 ratings
News Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed


Keep your eye on the long-term picture, not the short-term noise, says Senior Market Strategist at SlateStone Wealth, Kenny Polcari, when discussing how to invest among a burst of “meme” stocks. He then assesses “meme” stock activity such as AMC Entertainment (AMC), BlackBerry (BB), Clover (CLOV), and Wendy’s (WEN) whose stock dramatically increased over the past few days but has now dropped 11%. Lastly, he goes over his stock picks Ford (F), IBM (IBM), Bank of America (BAC), AT&T (T), and Honeywell (HON) for long-term investments.