Wendy’s rockets 42% as meme-stock traders eye short squeeze and private buyout
Wendy’s exploded up to 42% intraday on June 24, halting for volatility after a viral WallStreetBets post called on traders to “save Wendy’s before it’s too late.”
Wendy’s exploded up to 42% intraday on June 24, halting for volatility after a viral WallStreetBets post called on traders to “save Wendy’s before it’s too late.”
Gigi Luk of GGL Capital Investment Group says "one risk that we're seeing is the potential liquidity overhang in AI." Luk adds that "the gap between winners and losers is widening structurally" and this creates opportunities. She speaks on Bloomberg Television.
Vivian Lin Thurston, Portfolio Manager at William Blair, says the worst of the Iran war shock may be over as AI-driven earnings help global equities look past the turmoil. She speaks on Bloomberg's The China Show.
Capital Group's Noriko Chen says this market disruption looks "a little bit more temporary" as it's mainly about short-term energy supplies rather than oil and gas production. She tells Bloomberg Television that while inflation will run higher, it's not expected to have a big impact on the global economy.
Private credit is facing a critical stress test as redemptions surge and investor confidence wavers. Bonaccord's Brad Pilcher joins Bloomberg Open Interest to explain why concerns go beyond asset quality, how large asset managers may be under pressure, and what risks could reshape the $1.5T private markets boom.
Sylvia Sheng of JPMorgan Asset Management says Asian markets are seeing "a de-risking event happening" in light of the ongoing conflict in the Middle East.
Asian stocks plunged the most in nearly a year, led by the biggest South Korean crash since the global financial crisis in 2008. Bloomberg's Avril Hong reports.
Kerry Craig of JPMorgan Asset Management says Asian markets are experiencing continued repositioning by investors. He sees the moves as driven by rotation within portfolios rather than thinking about "a big flight away from risk assets at the moment."
Goldman Sachs' Timothy Moe says a spike in oil prices due to the Iran conflict could impact corporate earnings in Asia. He also tells Bloomberg Television why there are opportunities in the Asian defense sector.