🎮 Online sandbox game platform ROBLOX went public yesterday to significant fanfare from investors. The company’s reference price was set at $45. However, shares of the company started changing hands up 65%. After Cathie Wood’s ARK Invest bought shares in the company, they surged into the mid-$70s. $RBLX is up 62% since their IPO yesterday.
💰 Thanks to fresh stimulus, the markets have rebounded from the “inflation scare” among investors from last week. Shares of tech companies like Square and Tesla have been some of the biggest benefactors of the recovery. Since Monday, $SQ has jumped around 20%. In the same period of time, $TSLA has jumped 24.6%.
🚀 Last week, we highlighted Dave Portnoy’s new favorite ETF: the VanEck Vectors Social Sentiment ETF. $BUZZ is a new fund which tracks an index that scrapes news sites, social media, and other platforms and then invests in what stocks are popular with investors. The top holdings of $BUZZ right now include $DKNG, $F, $FB and $TWTR to name a few. The ETF is up 7% in the past week, but given the index’s historical success, we are keeping our eyes peeled on this one.