Health Insurance Marketplace Stock Could Be the Next GameStop
If you’ve been following the news at all this week, then you’ve likely seen the meteoric rise in the GameStop’s share price in a short squeeze.
And when it comes to the next GameStop, there are plenty more stocks out there if you spend some time looking. Watching one stock run up hundreds of percentage points in a day is rare, but the opportunity for a short squeeze is always there if you have a handful of important ingredients.
I mentioned one such stock in an inauguration play video I did recently. And it could be the next GameStop in terms of its share price rocketing upward in a short squeeze.
I’ve never recommended shares of GameStop Corp. (NYSE: GME), but I’ve always thought there was more value in it than short sellers gave it credit for. And for a variety of reasons we’ve covered in-depth here at WealthPress, a lot of people have piled into it, forcing a massive short squeeze.
And the question many people are asking now is, what’s the next GameStop?
The Next GameStop Stock Could Be My Recent Pick
WealthPress’ Jeff Yastine
I picked this stock back around the election in early November, long before the GameStop mania. And at the time I thought the shares would do well under both a Trump or Biden administration.
This company offers a profitable software platform that allows insurance companies to sell their policies. People visiting the site can browse among them and comparison shop. Since the election, the stock had gone mostly sideways. And suddenly, the day before the inauguration, it exploded!
But what makes this company potentially the next GameStop stock?
Last year, a famous and respected short seller and research firm called Muddy Waters recommended shorting this company. The shares then dropped 45% after the short report before recovering to the current price level.
But to this day, the company remains a favorite for short sellers, and it could be the next GameStop stock. Check out my short video and let’s dive into this potential short squeeze home run. Did you get in on the GameStop mania this week, or are you shorting any stocks right now? Share your thoughts and comments below.
And as always, send your investing questions to jeff@yastine.com. Be sure to subscribe to my new YouTube channel. You can also follow me on Twitter and Facebook.
P.S. Create a Kingdom With Your 2021 Profits
Just in case you haven’t noticed yet, the markets can be heavily influenced by the richest people in the world.
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Take Peloton for example… A lot of people wanted nothing to do with this stock when it dropped to $18…
But then George Soros came flying in and bought 2.7 million shares of Peloton and it shot to almost $140 per share!
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And those that manage to get in these stocks before the billionaires drive the price up could cash in BIG.
Luckily, trading genius Adam Sarhan seems to have figured out how to make that happen.