Are penny stocks getting the memestock treatment?

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 13 March 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Penny stocks are having a moment. In recent months, little-known companies with names such as Bit Brother and Phunware have been among the most traded stocks in America’s public markets, surpassing companies like Tesla and popular exchange traded funds. The FT’s US markets editor Jennifer Hughes explores why this is happening, and whether retail investors should think twice before diving in.

Clip from Paramount Movies

Plus, a note on next week’s show: Look for Behind the Money in your feed a day early, on Tuesday, March 19.

We’re doing a special 2-part episode with the Unhedged podcast. One part will be in Unhedged’s feed and the other part will be right here, in Behind the Money’s feed.

We’ll be back to our regular Wednesday schedule the following week.

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For further reading:

The tiny Chinese tea seller whose shares trade more than Tesla’s

Stock markets undergo ‘risk reset’ as indices notch new records

Retail investors are in no rush to join the latest stock market rally

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On X, follow Jennifer Hughes (@jennhughes13) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.0	AI and take action today.
0:30.7	Hey there, BTM listeners, it's Michaela.
0:33.0	I want to give you a heads up about next week's show.
0:36.0	Rather than our regularly scheduled Wednesday episode,
0:39.0	you can look for us in your feet a day early on Tuesday, March 19th.
0:44.0	That's because we're doing a special two-part episode with our friends over at the
0:47.1	F.T's Unhedge Podcast.
0:49.7	You'll find one part of the show in the Unhedge Stream and another part in our stream.
0:54.1	But until then, here's this week's episode.
0:56.8	Enjoy.
	...

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