Gav Blaxberg, chief executive officer at Wolf Financial, said he favored stocks that are popular on social media and discussed the Gamestop (GME) surge in the Season 3, Episode 13 episode from June 2021.
“You look for companies that either have very recognizable management or leaders…[or] growth stocks that have blown out of the water their fundamentals,” he said.
Blaxberg identified Labor Smart, Inc. (LTNC), Future Holdings Limited (FUTU), and Celsius Holdings (CELH) as some examples.
Blaxberg said social media is critical to stock performance, and that GameStop’s surge was not as unprecedented as people thought, given Kodak’s success in 2020.
Updates with second YouTube video, bottom of this page.
Gav Blaxberg of WOLF Financial joins the podcast to discuss his views of the retail investors who have been pushing stocks like GameStop and more recently AMC.
Blaxberg’s research on this phenomenon predates the GameStop brouhaha. He has reasons to believe retail investors have been gaining in power and will be a growing force to reckon with when it comes to major movement, especially among small cap stocks.
Content Highlights: (Spotify users can click on the timestamp to link to the segment in question)
What happened with GameStop was not an anomaly. Expect more where that came from (3:47);
The trend did not start with GameStop, but can be traced to the ‘Kodak movement’ (5:07);
Institutions still have more capital and control more of public companies’ shares. How are smaller retail investors able to move these stocks? Even small caps? (8:23);
The return of retail investors, which hasn’t been seen since the heady days of the dot-com doom, can be traced in large part to commission-free trades (10:37);
Quick segue after the guest mentions he gets 9% APR on his blockchain-linked savings account — in USD (14:25);
Background on the guest and how he came to start WOLF Financial (20:42);
Twitter remains the most actionable social media platform when it comes to moving stocks. Everything else is a distant second. Yes, even Reddit (32:30);
So what stocks are popular on social media right now? It’s still growth stocks. Some examples (36:34);
What stocks have potential but don’t do enough (or anything on social media) and could boost their popularity with retail investors if they changed this? Some examples (39:34).
