Medha Singh
Medha Singh is a finance journalist who covers technology and business news. She has written extensively about Nvidia's rise to become the world's second-most valuable company, as well as other topics related to the tech industry and stock market. Her articles often provide insightful analysis of market trends and corporate strategies, drawing on her deep understanding of finance and technology.
92%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
92%
Examples:
- GameStop stock is still nearly 70% below its 2021 peak, while AMC, which hit a record low last month, is 98% off its all-time high.
- Theater chain AMC shed 5.5% following an 88% gain since Friday's close.
Deceptions
75%
Examples:
- But unlike 2021, when Reddit users banded together to target highly shorted stocks that burnt bearish hedge funds, this time institutional investors too were part of the meme stock mania.
- Despite the losses on Wednesday, the two companies were among the top three most-traded shares by retail investors during the session.
- The euphoria over the return of Roaring Kitty fizzles out.
Recent Articles
Options Traders Bet on GameStop and AMC Resurgence: Tripling or Quadrupling Potential Gains
Broke On: Thursday, 16 May 2024Some investors have placed bullish bets on GameStop and AMC Entertainment stocks, with the most-traded call options implying potential gains of up to quadrupling for GameStop and continued interest despite financial losses for AMC. The return of meme stock influencer Roaring Kitty has fueled renewed interest in these stocks, but investing in individual stocks carries risk. US Stock Market Experiences Decline Amid Interest Rate Hike Concerns
Broke On: Thursday, 26 October 2023The US stock market declined on October 26, 2023, with the Dow Jones Industrial Average falling by 0.3%, the S&P 500 dropping by 0.2%, and the Nasdaq Composite Index slipping by 0.1%. The Federal Reserve announced a potential interest rate hike, leading to a surge in bond yields. Corporate earnings reports also influenced the stock market's performance, with some companies reporting strong earnings and others reporting disappointing results. Despite the overall market downturn, the energy sector performed well due to rising oil prices.