Relatively speculative small cap stocks, many of which are beloved by retail traders, are basking in the glow of the renewed Federal Reserve rate cuts.<\/p>\n
A Goldman Sachs basket of stocks widely held by the retail community is going straight up and to the right, poised for a record tenth straight day of gains. It\u2019s up 13% over this stretch.<\/p>\n
Fed rate cuts provide a more supportive financing environment for smaller firms<\/a>, and as such, a lower risk of default.<\/p>\n Quantum computing companies Rigetti Computing<\/a> and D-Wave Quantum<\/a>, which are both constituents in the aforementioned basket, are up big on Friday on little news. However, there is one report<\/a> from Cyberscoop that the US government \u201cis considering a broader set of actions related to quantum computing, both to improve the nation\u2019s capacity to defend against future quantum-enabled hacks,\u201d which may be spurring some buying activity.<\/p>\n On Thursday, Rigetti<\/a> and IonQ<\/a> announced fresh initiatives with the government<\/a>.<\/p>\n Also enjoying big gains are classic meme-stock AMC Networks<\/a> and SoundHound AI<\/a>, two stocks not in Goldman\u2019s group but who also often receive a ton of retail attention.<\/p>\n For AMC at least, there\u2019s a more fundamental catalyst at play: the theater chain announced that it\u2019ll be hosting release parties for the upcoming Taylor Swift album, \u201cThe Life of a Showgirl.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Relatively speculative small cap stocks, many of which are beloved by retail traders, are basking in the glow…\n","protected":false},"author":2,"featured_media":31329,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,61,60,123],"class_list":{"0":"post-31328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-ie","10":"tag-ireland","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/31328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=31328"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/31328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/31329"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=31328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=31328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=31328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}