Manage episode 294063826 series 2516750
This episode is brought to you by Merk Research. Visit this link to take advantage of the offer presented on the podcast. To listen without ads or announcements, become a premium subscriber, which gets you access to a host of other benefits, including (but not limited to) the new Daily Contrarian podcast, released every market day morning by 7:00 a.m. eastern time.
Gav Blaxberg of WOLF Financial joins the podcast to discuss his views of the retail investors who have been pushing stocks like GameStop and more recently AMC. Blaxberg's research on this phenomenon predates the GameStop brouhaha. He has reasons to believe retail investors have been gaining in power and will be a growing force to reckon with when it comes to major movement, especially among small cap stocks.Content Highlights: (Spotify users can click on the timestamp to link to the segment in question)
- What happened with GameStop was not an anomaly. Expect more where that came from (3:47);
- The trend did not start with GameStop, but can be traced to the 'Kodak movement' (5:07);
- Institutions still have more capital and control more of public companies' shares. How are smaller retail investors able to move these stocks? Even small caps? (8:23);
- The return of retail investors, which hasn't been seen since the heady days of the dot-com doom, can be traced in large part to commission-free trades (10:37);
- Quick segue after the guest mentions he gets 9% APR on his blockchain-linked savings account -- in USD (14:25);
- Background on the guest and how he came to start WOLF Financial (20:42);
- Twitter remains the most actionable social media platform when it comes to moving stocks. Everything else is a distant second. Yes, even Reddit (32:30);
- So what stocks are popular on social media right now? It's still growth stocks. Some examples (36:34);
- What stocks have potential but don't do enough (or anything on social media) and could boost their popularity with retail investors if they changed this? Some examples (39:34).
- Wolf Financial website: WOLF.Financial;
- Wolf Financial Twitter: @WOLF_Financial;
- Personal Twitter: @GavBlaxberg.
Not intended as investment advice.