The meme craze might have finally reached its end. Meme-stock favorite Bed Bath & Beyond (BBBY) filed for Chapter 11 bankruptcy on Sunday. And the stock was cut nearly in half overnight. So is this the proverbial nail in the coffin for the home-goods retailer? Matt dives into the news on this episode of Making Money With Matt McCall. He talks about what it means for investors – even if you never got wrapped up in the meme stock craze. Plus, who stands to gain from the retailer’s bankruptcy and who may be following in its footsteps.
Matt also takes a look at the market. Stocks have been in “no man’s land” recently, but there are still things to watch… In fact, he thinks some stocks could be setting up for a potentially powerful move.
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00:00 Market in “No Man’s Land”
3:48 Next Fed Meeting to Drive the Markets
4:12 Biggest Earnings Week of the Year
6:08 Second Consecutive Quarter of Negative Earnings
8:16 Bank of America’s Sell Side Indicator
11:44 Bed Bath & Beyond (BBBY) Bankruptcy
13:46 BBBY Total Return Growth
15:00 End of the Meme Stock Saga
17:53 Who Benefits from these Bankruptcies?
18:51 Who’s Next to Fall?
20:43 Lessons Learned from the Meme Stock Saga
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