Tech’s Turnaround, Powell on the Hill, Reddit Rebellion: 1-Year Later

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at the market volatility, with the Nasdaq snapping a 4-day losing streak during yesterday’s late rebound. The S&P is looking to avoid it 6th straight day of declines. The anchors also hit the 1-year anniversary of the Reddit Rebellion, when Chewy co-founder Ryan Cohen was named to Gamestop’s board of directors. Shares of $GME are up more than 500% over the last 12-months. Also in the mix: Abercrombie & Fitch shares moved higher despite the retailer lowering its guidance for fourth-quarter sales. This follows Lululemon warning of reduced Q4 revenue earlier in the week, citing staff shortages and reduced store hours due to the surge in Covid-19 cases.