Bloomberg Businessweek Meme Stock Fever Is Spreading Like It’s 2021 With Kohl's Soaring
Jul 22, 2025
In this discussion, Eric Jackson, founder of EMJ Capital, and Leo Kelly, CEO of Verdence Capital Advisors, dive into the current resurgence of meme stocks, notably Kohl's and Opendoor Technologies. They explore how retail traders are once again igniting market excitement reminiscent of 2021, driving shares of heavily shorted stocks. The conversation highlights the emotional rollercoaster of investing, the impact of social media on trading behavior, and the intricate relationship between market trends and Federal Reserve actions.
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Eric Jackson's Opendoor Anecdote
- Eric Jackson bought Opendoor because he sees it as a real business with a promising platform, unlike previous meme stocks like AMC or GameStop.
- He compares it to Carvana, which he invested early and saw massive growth despite initial skepticism.
E-commerce Disruption in Tough Markets
- Opendoor and Carvana both aim to e-commerce fragmented national markets—homes and used cars respectively.
- Interest rate hikes led to investor fears making these stocks crash, though the companies may survive unlike priced-in bankruptcies.
Hold Rare Companies Patiently
- Avoid reacting emotionally to short-term market noise and hold on to rare companies that can multiply your investment significantly.
- Resist the temptation to trade frequently; sometimes doing nothing yields the best returns.
