While meme stocks can go ballistic quickly, I want to keep the expectations for returns relatively realistic. This column focuses on buying three meme stocks that can surge by 300% in the next 36 months. Notably, for Q1 2024, the cannabis company reported revenue growth of 30% yearly to $25.3 million. However, the impact of the recent expansion in Germany, Australia and the United Kingdom is yet to be seen. I would not be surprised if revenue growth accelerates in the coming quarters. Cronos (NASDAQ:CRON) i ...

An important point to note is that investors should remain cautious on the quality of stocks. In a meme euphoria, it's easy to get tempted to buy stocks that are purely speculative with weak fundamentals. Investors should however focus on meme stocks to buy with reasonable fundamentals and potential business catalysts. Besides this factor, Bitfarms has undertaken aggressive expansion plans. The Bitcoin miner reported a hash rate capacity of 10.4EH/s in Q1 2024. The company is aiming to boost capacity to 21E ...

TORONTO, Ontario and BROSSARD, Québec, July 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF), a global vertically integrated Bitcoin data center company, announces its participation in a virtual fireside chat hosted by H.C. Wainwright. Event Details: | --- | --- | |------------------------|--------------------------------------------| | | | | Hosted By: | Wainwright | | Bitfarms Participants: | Ben Gagnon, CEO and Jeff Lucas, CFO | | When: | Wednesday, July 17th from 4:00 - 5:00pm ET | | Link to Regist ...

TORONTO, Ontario and BROSSARD, Québec, July 17, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, announces its participation in a virtual fireside chat hosted by H.C. Wainwright. Event Details: | --- | --- | |------------------------|--------------------------------------------| | | | | Hosted By: | Wainwright | | Bitfarms Participants: | Ben Gagnon, CEO and Jeff Lucas, CFO | | When: | Wednesday, July 17th from 4:00 - 5:00pm ET | | Link t ...

Let's also talk about the company-specific factors that will support a big rally in these meme stocks. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. This column focuses on the rate-sensitive meme stocks to buy. As a first screener, I have chosen meme stocks that represent companies with goo ...

After more than a decade of investing, I can say that identifying a good story is 10% of the work done. The real challenge is to hold through the thick and thin. The investment horizon and the patience to hold are the key differentiating factors in wealth creation. EHang Holdings (EH) The flying car industry is at an early growth stage. The first movers with good execution are likely to be massive value creators. EHang Holdings (NASDAQ:EH) is among the quality names to consider for multifold returns. It's w ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, July 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ("Bitfarms" or the "Company"), a global vertically integrated Bitcoin data center company, today announced that its Board of Directors (the "Board") has called a hybrid special meeting of shareholders (the ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec, July 12, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (Nasdaq/TSX: BITF) ("Bitfarms" or the "Company"), a global vertically integrated Bitcoin data center company, today announced that its Board of Directors (the "Board") has called a hybrid special meeting of shareholders (the ...

With the S&P 500 trading near all-time highs and the possibility of rate cuts, the meme stocks season is very much on the cards. Investors should, of course, remain focused on their core long term portfolio. At the same time, it's a good idea to capitalize on the euphoria. When the meme rally is underway for a stock, 3x or 5x returns can come in the blink of an eye. These returns can change the overall health of the portfolio. Therefore, instead of missing a good opportunity and regretting it, investors sho ...

As mining becomes less profitable in higher-cost regions, mining operations are expected to respond by shifting toward areas with cheaper electricity, such as South America and Africa. This could decentralize the global hashrate, previously concentrated in North America following China's mining ban in 2021. Clarkspark (CLSK) CleanSpark's strong financial results and growth trajectory also suggest it is positioned to invest in new opportunities related to AI. In the second quarter, CleanSpark reported revenu ...