Today’s MRKT Call is Presented by CME Group

Meme Stock Mania Returns to Markets

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Monday, May 13th.

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Today’s On The Tape is Presented by CME Group, iConnections and SoFi

Meme Stocks Rage As S&P 500 Flirts With All-Time Highs

On this episode of “On The Tape,” Dan Nathan and Liz Young discuss positioning into this week’s CPI report (3:30), consumer savings (6:30), earnings (10:00), whether the AI rally is running out of steam (15:00), Nvidia (20:00), M&A activity (21:15), bank stocks (23:00), where the next 500 points in the S&P will be (26:00), and ‘Roaring Kitty’ driving GameStop higher (28:30).

WHAT WE’RE READING

• GameStop soars, AMC doubles as ‘Roaring Kitty’ meme trader resurfaces (CNBC)

• Cooling Core Inflation Will Offer Minimal Relief to the Fed (Bloomberg)

• Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks (WSJ)

• Stubborn Inflation Poses Risk to Recently Upgraded US Forecasts for Economic Growth (Bloomberg)

• These stocks are expected to move the most this week on earnings (CNBC)

• Apple Nears Deal With OpenAI to Put ChatGPT on iPhone (Bloomberg)

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