Trish’s Market Notes: Meme Stocks Dominate, Medical Company Surges 250%

A medical technology stock dominated Tuesday’s trading after investors discovered the company had quietly (and successfully) tested a treatment that could help combat the pandemic and revolutionize medicine.

Meme stocks are also (once again!) active–especially Clover Health and Wendy’s, which reported significant gains.

Cryptocurrencies rebounded, with Bitcoin again above $35,000.

Stocks To Watch

- Advertisement -

News that Aethlon Medical has tested a treatment that could potentially revolutionize medicine and help in combating the pandemic, is boosting share prices. The company has tested its Aethlon Hemopurifier cartridge last week, used to filter viruses from the bloodstream.

The treatment was used on two patients with SARS-CoV-2 and was successful at removing the virus from their bloodstream. This was the first treatment of that sort for COVID-19. Aethlon stocks surged in premarket trading, after a small-cap research firm Zacks SCR drew attention to the treatment.

The stock spiked from $2 per share to more than $7.

The meme stock Clover Health surged again in premarket trading, after jumping more than 85% on Tuesday. The move follows a familiar “short squeeze” scenario. Prior to the surge, 40% of the shares available for trading were shorted. Short sellers were down $465 million on Tuesday’s move alone.

Wendy’s was the latest stock that experienced a surge in retail investor interest. It all started as a post on WallStreetBets talking about the “meme potential” of the supermarket franchise. I covered the stock yesterday, as did Jim Cramer, which pushed it even higher. Still, WallStreetBets’ interest in Wendy’s is still nowhere near that for other meme stocks, and neither is its trading volume. Even so, the stock was still up from $22 per share on Monday to $30 in Wednesday’s premarket trading.

AEMD Aethlon Medical Inc $8.36, +278.28%, 15.39M (volume) CLOV Clover Health Investments Corp $27.20, +22.08%, 16.06M (volume) WEN Wendy’s Co. $30.20, +4.61%, 623.6K (volume)

  • AEMD Aethlon Medical Inc $8.36, +278.28%, 15.39M (volume)
  • CLOV Clover Health Investments Corp $27.20, +22.08%, 16.06M (volume)
  • WEN Wendy’s Co. $30.20, +4.61%, 623.6K (volume)U.S. stock futures were slightly up ahead of Tuesday’s release of inflation numbers.

This, as early trading indicates that investors are seeking direction.

In early morning trading Wednesday, the Dow traded almost flat at 34,573.27 (off 0.07%) as the S&P 500 traded at 4232.47, for a gain of 0.13%. Meanwhile, the tech heavy Nasdaq fared the best — moving up 42 points, to 13,967. (Market news continues below video.)

U.S. Dollar and Treasury Yields – HOW LOW CAN YOU GO?

The dollar slipped, down 0.24% or $0.22 to trade at 89.86 as investors are wait for more data on inflation. Treasury yields dropped to a one-month low of 1.47%.

Oil Strengthens

Oil prices are moving higher again. West Texas crude was back above $70. Gold slipped.

  • WTI crude: $70.32, +0.39%
  • Brent crude: $72.49, +0.37%
  • Gold: $1,891.80, -0.14%


The global crypto market cap increased by 4.16% in the last 24 hours. The markets rebounded slightly after Tuesday’s dramatic selloff. Bitcoin is back above $35,000 after El Salvador approved the cryptocurrency as its legal tender.

  • BTC: $35,280.97, +6.44%
  • ETH: $2,569.91, +1.54%
  • DOGE: $0.3346, +0.75%
  • XRP: $0.8793, +1.41%%


- Advertisement -

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Get The Full Story From Me

Conservative Media is under attack from Big Tech. Please join my 100% FREE NEWSLETTER.