Reported about 19 hours ago
An analyst cautions that popular meme stocks, including Peloton and Bed Bath & Beyond, are ultimately heading toward collapse despite temporary surges driven by retail investor hype. With companies like Peloton showing brief profit boosts from earnings reports, the underlying financial struggles remain significant, and the hope for a turnaround could lead to more disappointment as these stocks may not sustain their inflated valuations.
Source: YAHOO