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11.03.202104:06 Forex Analysis & Reviews: Non-childish games: Roblox, GameStop and memes stocks are growing by leaps and bounds

The Dow broke through the ceiling. The dollar has every chance to put the pound on the shoulder blades, despite the revival in London trading.

Industrial stocks rose more than 1%. The capitalization of the inhabitants of Silicon Valley is steadily growing. So, Amazon.com Inc., Microsoft Corp and Tesla posted gains of 0.8% and 4%. Forecasts for Tesla are not as rosy as those of its technological counterparts, but the damage caused by hackers the day before is minimized by the general trend.

Exchange Rates 11.03.2021 analysis

Thanks to the somewhat hasty statement of market strategists that part of the budget subsidies from Biden's portfolio will be transferred to the hands of high-tech companies, since from the very opening of trading, the shares of the sensational GameStop and other memes are constantly gaining weight.

Roblox shares got off to a good start in early trading in the $ 60-65 range. According to this schedule, an increase of 44% is expected.

Thus, the indicators of the video game manufacturer increased by 14.5%, the audio equipment manufacturer Koss Corp. soared to 40%, AMC Entertainment rose to 10%.

Such hype could affect hedge funds, forcing them to close positions. Today, traders of short positions suffer losses.

Egor Danilov,
Analytical expert of InstaForex
© 2007-2022
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