| Holy ⬛⬛⬛⬛, what is happening to the market? The Bloomberg headline says it all: "How a Penny Stock Explodes from Obscurity to 451% Gains Via Chat Forums." Penny stocks? 451% gains? From chat rooms? Welcome to the market in 2021. Where an army of Reddit users is pushing stocks to 100%, 200%, even 1,000% gains in just days of time. Want to know what in the world is going on? (And… Is there money to be made from all the madness?) Welcome to the first ever edition of Millennial Money Weekly! You're in on the ground floor and we're covering everything you need to know about this crazy week below! In 2 minutes,
you'll discover - Market Mayhem: GameStop up 1,000% in days of time. What's behind the madness and what's next?
- Earn up to $100/hour in extra income every month: Our top side hustles for 2021
- Our stock of the week: Discover a tiny stock riding a massive trend that could follow in the footsteps of Netflix and Roku!
| | | | | Markets | NASDAQ | $13,198 | -1.04% | | S&P | $3,787 | -1.27% | | DOW | $30,195 | -1.33% | | Bitcoin | $36,259 | +12.08% | | GameStop | $348.70 | +80.03% | As of 12 PM on January 29th | | | | The Main Event: GameStop and the YOLO market What happened Let's take a look at GameStop's returns each day of the week. Last Friday: 51.1%
Monday: 18.1%
Tuesday: 92.7%
Wednesday: 134.8%
Thursday: -44.3%
Today (as of 12 PM): 80% Total it all up and the stock is now up 1,704% so far in 2021. One Reddit trader credited with starting the GameStop mania has turned a $25,000 call option buy into more than $40 million in just months of time. Why GameStop is soaring Alright, let's take a quick step back to explain the situation, because it's wild. GameStop is a stock that has been heavily shorted by Wall Street. (As a quick note: short selling involves borrowing shares, so you profit when a stock declines in price. If you're confused, we have all the details in an article below.) After GameStop began rising in early January, a well-known short seller promised to release a presentation that would send its shares crashing back down. However, a Reddit forum known as Wall Street Bets began catalyzing around the idea of buying up GameStop shares to "squeeze" the shorts out. The plan has worked to a degree few could have imagined. What's next As weird as it may sound, what started as Redditors posting memes about a video game retailer, now has massive implications across the entire stock market. With so many moving pieces, we've published a full hub on GameStop that covers all the need-to-know issues: - The mechanics of "short squeezes" and how they work
- What impacts this has across the entire market
- A list of the market's most heavily shorted stocks. What could become 'the next GameStop' as short squeezes spread from stock to stock?
- The risks investors need to be aware of (Yes, there are risks!)
- And how Elon Musk is involved in all of this…
You can read a full breakdown on the situation by clicking the button below. | | | | From Grant, founder of Millennial Money |  What a week.
This week alone, two million Americans opened brokerage accounts and began trading in conditions that are… Abnormal, to say the least! It's a time of potentially historic change with euphoria for some, and a painful lesson that markets go up and down for others. And the truth is, I've been glued to the markets for days. I even invested a small amount of money in GameStop at $61 per share for fun. Wish me luck. It's been entertaining. But the truth is with so many investors joining the market, it's also important to focus on the bigger picture of how investing can improve your life. Because achieving financial freedom requires: - Making MORE money and
- Investing it well.
On the first point, there's never been more opportunities to make money online. That's why this newsletter will include featured side hustles. Every week, we want to help you uncover the best new money-making opportunities available. (Check out this week's side hustle below, which is one of my favorite ideas for making extra income in 2021.) The second side of the equation is investing your money for the long term. That is to say, while events like GameStop jumping more than 1,000% in mere days are exciting… The REAL path you want to be on is compounding your money well year-after-year. And that's why each week this newsletter will give you vetted stock ideas and analysis of the news from the Motley Fool's top analysts. The market can build incredible amounts of wealth if you have a strategy for the long run, but building that strategy can be challenging … And sometimes the financial world is confusing and contradictory. That's why we're here to help. So, I hope this first newsletter is just the beginning of something that will add value to your life each and every week. We're in this for the long haul and focused on helping you reach financial independence and build a life you love. Wishing you much success,  | | | | Three Reads...3 Numbers The future is electric. full read General Motors announced that they'll end the sale of gas and diesel cars by 2035. Also in electric car news, Joe Biden plans to replace the government car fleet with electric vehicles. Somewhere, Elon Musk smiles. | | Here's how stocks pass 100% short interest. full read GameStop has been experiencing such a powerful "short squeeze" because more than 100% of its shares were sold short. How is that possible? The Motley Fool provides the answer. | | 90 million iPhones in a quarter. full read On Thursday Apple announced their holiday quarter results. The headline: more than 90 million iPhones sold (a record) and more than $100 billion in sales (another record). Along with Microsoft announcing earnings this week that were substantially above estimates, big tech is seeing record demand. | | 38M The number of call options traded on Wednesday, the most ever in a single day. | | $33B The amount of Dogecoin traded in the past 24 hours as of noon today. Dogecoin jumped 800% overnight and is a cryptocurrency based around a dog meme. (We swear, none of this is made up.) | | $20.05B The value of GameStop stock that traded on Tuesday, more than any other stock in the market. | | | Make Money: The Top Side Hustle of 2021 The background It's 2021 and people are still working from home in t-shirts, sweats, and … Other unmentionables. And let's face it, the world has changed. If you're looking to add extra income that can be saved (and invested to grow!), the Internet has leveled the playing field and created hundreds of side hustles that can earn anywhere from one hundred dollars to thousands each year. Each week we'll feature a new side hustle opportunity. If any of them aren't your cup of tea, that's OK. It only takes one earnings opportunity you're passionate about to change your life. My top side hustle for 2021 My top side hustle (Grant, here) for 2021 is online proofreading. It's great for people with a firm command of the English language, who enjoy reading, and want a stay-at-home position. Best of all, the number of online postings for this field have exploded and it's possible to earn up to $100/hour in your spare time if you put in the work. Want to learn more? Getting started earning more income can be daunting (hey, there's a reason most people don't take advantage), so I've prepared a comprehensive look at proofreading jobs that will answer: - Is it really possible to make $100 an hour?
- Are there qualifications needed?
- Where can you find a job?
- Is it competitive?
And much more. If this side hustle sounds up your alley, just click here to get all the details. | | | | On The Move: BlackBerry (BB) 🚀🚀🚀 The Move Up 14.5% this week. Year-to-date up 142%. The Reason Yes, that BlackBerry! Shares of the Canadian tech company have been on the run, becoming a new favorite of the chatroom crowd. There's a fundamental story as well. CEO John Chen is cementing his reputation as a turnaround specialist by transitioning the company away from smartphones to cybersecurity and connected vehicles. Investors are finally liking what they're seeing (on iPhone and Android screens, however). Shares have disappointed over the last decade and remain considerably below its all-time highs that were greater than $100 per share. Chen has chatrooms buzzing, but can he keep the turnaround narrative alive without showing investors top-line growth? | | | | On The Move: AMC (AMC) 🚀🚀🚀 The Move Up 292% this week. Year-to-date up 549%. The Reason AMC has quickly become the newest battleground stock. Shares were heavily shorted as the pandemic has destroyed movie attendance and pushed the debt-laden company to the brink of insolvency and bankruptcy. Shares began to pick up as the company secured funding needed to prevent a solvency crisis in 2021 and chatroom investors noticed the stock was heavily shorted. Long-term investors should be cautious as major studios are increasingly looking for the direct-to-consumer model to monetize movies. Warner Bros (owned by AT&T) is releasing their entire slate of movies on their HBO Max streaming service concurrent with theater releases and Disney's recent releases – such as Soul and Mulan – have been released on streaming only or concurrently with theater releases. | | | | In The News The news Ice cream is going to the dogs if Ben and Jerry's has its way. The Unilever-owned brand recently launched "Doggie Desserts," a line of ice cream made for canines. The stock angle Funny product, serious opportunity: According to the American Pet Products Association, spending on our pets is now a $100 billion industry. At the same time, lifestyle diseases are starting to impact pets with canine diabetes increasing 80% in the prior decade. The play Owners are increasingly paying attention to their pets' health and Freshpet (FRPT) will continue to be one of the bigger beneficiaries of a shift to healthy and fresh food. Despite a 140% share-price gain in 2020, the company continues to have a long runway for growth. | | | | Stock of the Week: Magnite (MGNI) | Share Price: $36
1-Year Return: 276%
Sales Growth (most recent quarter): 62%
Recommended by Motley Fool: Yes. Here's what you need to know: television as we know it is dying. Everywhere you look you see carrier blackouts, uninspired and derivative reality show copycats, and a general lack of good shows. According to research firm eMarketer, approximately 6.6 million households said adios to their cable or satellite TV subscription, a 7.5% decline from the prior year. Even more eye-popping, a new survey shows 27% of households plan to cut cable in 2021. The trend is accelerating. But cable TV's losses are someone else's gain, and investors who got in early on streaming companies with red-hot growth have seen incredible profits. An investment in Netflix (NFLX) is up 1,680% across the past decade. The Trade Desk (TTD) -- a streaming advertising company -- is up 1,130% across the past five years. In just the past two years, Roku (ROKU) is up an astounding 829%. With consumers flocking to services like Netflix, Disney+, Roku, or Amazon Prime Video subscription, the momentum of streaming isn't slowing down anytime soon. So the question becomes: what little known companies have the biggest opportunities in front of them? Allow us to introduce you to Magnite (MGNI). Many of these streaming services include a free ad-based option or a hybrid subscription/ad-supported choice and this is where Magnite's programmatic technology comes into play. Magnite has become the go-to for many streaming services, including landing a monster deal to power the Disney Hulu XP ad platform. Connected TV is quickly taking over and many networks will have their advertising conducted with Magnite's technology. Magnite is small. It's about a $4 billion company, which is less than 1/10th the size of Roku. However, it's an under-the-radar stock in one of the market's most compelling growth trends and worth your research. Want more details on Magnite? I'd start here. | | | | | Congrats, you've reached the bottom. That's it for this week's edition of Millennial Money. By next week GameStop could be at $1,000 or $50, but either way we'll be back to tell you what is happening. And keep your eyes peeled for next week's newsletter because we're giving you a chance to score the Motley Fool's "10 Stocks for 2021" gratis. | | | | |
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