Wallstreetbets top 30 - 05.03.2021
Updated: Mar 29, 2021
The leader in the wallstreetbets top 30 most mentioned in the last 24 hours is GME. It's impressive to see that the stock recorded an up day when the market as a whole was having a tough time.
We can see that the members of the group monitored indices and the moves there because we have SPY and a couple of Nasdaq etfs in the rankings today. What caused the selloff yesterday? There was expectations that Fed chairman Powell will address the elephant in the room - the rising yields in long term treasuries. He said that he sees no reason to change policy at this point. He also mentioned that he expects a potential jump in inflation.
At the same time oil was pushing higher after an OPEC meeting where a decision to maintain current levels of output was reached and Saudi Arabia's voluntary production cut will stay for April as well.
Due to this move up in oil prices, we can see that Exxon Mobil (XOM) is one of the new entries in the top30.
Here are the rankings for today: