You Asked, So We’ll Answer FOQ: What’s going on with GameStop stock? Short: It’s a frenzied mania. Long: For a moment, it seemed that GameStop’s stock just couldn’t be stopped, despite the fact that the company has seen five new CEOs since 2017, was on the brink of bankruptcy earlier this year when its stock hit a low of $2.57 in April 2020, and has seen profits steadily decline over recent years. GameStop shares closed Friday (1/22) at $65.01 and proceeded to jump to $144.47 by mid-morning Monday (1/25). It was the single most traded name in the U.S. …
Some Reflection…and Some Humor
Well, that was a year to remember. Or to forget. To find perspective. To find purpose. It was a year to say goodbye. Or to say “I love you” once again. To find hope. To make it count. It was a year to grow stronger. To unite. To sacrifice. To fight together. It was a year that reminded us what’s important in life. Let’s never forget it. Here’s to a much brighter 2021! John, Bill, Mark & Melanie
Frequently “Oaked” Questions
You Asked, So We’ll Answer FOQ: What are these “fang” stocks? Short: It’s “FAANGM” these days…Facebook, Apple, Amazon, Netflix, Google and Microsoft. Long: The media loves a nickname, and so this group of the premier tech companies in the U.S. now has one. It was originally just “FANG” (coined by Jim “Mad Money” Cramer, with no Apple or Microsoft), but an extra “A” was an easy addition to honor the world’s largest company. Apologies to Microsoft, but an “M” just doesn’t quite fit anywhere. Yet, it’s size and influence demanded inclusion too. So you’ll see “FAANGM” all over CNBC …