Penny stocks are having a moment. In recent months, little-known companies with names such as Bit Brother and Phunware have been among the most traded stocks in America’s public markets, surpassing companies like Tesla and popular exchange traded funds. The FT’s US markets editor Jennifer Hughes explores why this is happening, and whether retail investors should think twice before diving in. Clip from Paramount Movies
Plus, a note on next week’s show: Look for Behind the Money in your feed a day early, on Tuesday, March 19.
We’re doing a special 2-part episode with the Unhedged podcast. One part will be in Unhedged’s feed and the other part will be right here, in Behind the Money’s feed.
We’ll be back to our regular Wednesday schedule the following week.
- - - - - - - - - - - - - - - - - - - - - - - - - -
For further reading:
The tiny Chinese tea seller whose shares trade more than Tesla’s
Stock markets undergo ‘risk reset’ as indices notch new records
Retail investors are in no rush to join the latest stock market rally
- - - - - - - - - - - - - - - - - - - - - - - - - -
On X, follow Jennifer Hughes (@jennhughes13) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Financial services after Brexit
Moderna’s race to the vaccine
Reckoning with a colonial past
The unravelling of the Ant IPO
An economic uncoupling
US election programming note
Direct lending rush
Bank profits in a recession
LVMH, Tiffany and a case of buyer’s remorse
Mafia high finance
We're back with a new season
Wirecard: how to find a €2bn hole
Rent, real estate and the commercial mortgage market in the age of coronavirus
A history of police funding
A programming note
The private equity bet that coronavirus cut short
When coronavirus hit America's meat industry
Missing out on the US small business rescue
Running a small business during a global pandemic
Ford, GM and the corporate dash for cash
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
FT News Briefing
Money Clinic with Claer Barrett
FT World Weekly
FT News in Focus
FT Banking Weekly