GameStop earnings will put spotlight on Ryan Cohen's plan to keep the meme stock rally rolling

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MarketWatch 08 September, 2021 - 07:25am 15 views

What time is GME earnings report?

Financial News 25, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) , today announced that it will report second quarter fiscal 2021 earnings results after the market closes on Wednesday, September 8, 2021. The Company will host an investor conference call at 5:00 pm ET on the same day... gamestop.comInvestor Relations | Gamestop Corp.

GameStop, AMC and a new meme ETF?

Fox Business 07 September, 2021 - 08:23pm

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UBS managing director and senior portfolio manager Jason Katz provides insight into market trends. 

GameStop and AMC are loved by retail investors and the Reddit trading community, and now the exchange-traded fund industry wants in on the action. 

An application for The Roundhill Meme ETF is sitting with the Securities and Exchange Commission after being filed late last month and aims to track the performance of the so-called "meme stocks." 

The passive managed fund, according to the filing, notes that at least 80% of the fund’s assets will be invested in meme stocks defined as such in the filing:

Roundhill is a "registered investment adviser and ETF sponsor focused on thematic and sector-specific investing," according to the firm. Due to the quiet period, Roundhill told FOX Business it is restricted from commenting until the fund is live on Nov. 21, 2021, pending SEC approval. 

AMC, which is among the more high-profile meme names, has seen its shares rise over 2,156% this year, often experiencing volatile sessions. 

Still, the idea of an ETF connecting to these heavily traded retail investor favorites is not new.

Earlier this year, Buzz Holdings Founder Jamie Wise, with the help of Barstool Sports' Dave Portnoy, launched the VanEck Social Sentiment  BUZZ ETF, which uses artificial intelligence to track the top 75 large-cap stocks each month based on positive social media chatter. The fund holds stocks with market capitalizations of over $5 billion.

Along with AMC and GameStop, its largest holdings include Nvidia and Palantir Technologies, according to the company. 

The fund has gained 5.7% since its launch, underperforming the S&P 500’s 17.7% rise over the same time frame. 

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