Why GameStop isn't a value stock, but pure greed: Opening Bid
Warren Buffett built his wealth by being a value investor. But what does it mean to be a value investor today? On today's edition of Opening Bid, Boyar Research president Jonathan Boyar tells Yahoo Finance Executive Editor Brian Sozzi how to find value stocks in today's market. He highlights companies like Uber Technologies (UBER), which he says has "a lot of runway for growth." Boyar also shares why he considers Madison Square Garden Sports (MSGS) a value stock amid impressive playoff runs for the New York Knicks and New York Rangers.
Regarding meme stocks such as GameStop (GME) and AMC (AMC), Boyar says the frenzy is "horrible for investors" and "a recipe to lose money." He also explains why Dow 40,000 isn't a big deal to him and why investors should focus on the next several years, not short-term concerns like the 2024 presidential election.
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This post was written by Stephanie Mikulich.