Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.

$GameStop (GME.US)$The annual shareholder meeting is scheduled to be held on Monday Eastern Time, which has caused a lot of discussion among many enthusiastic individual investors and fans on social media.

Last month, the stock price of this electronic game retailer fluctuated dramatically because Keith Gill, a retail investor and internet celebrity known as 'Roaring Kitty', who helped to create the meme stock craze in 2021, appeared on social media again and later disclosed his large position in GameStop.

According to the screenshot posted by Gill on Reddit, he holds 5 million shares of GameStop's stock and 120,000 call options with a strike price of $20, which triggered the recent frenzy among retail investors.

The spokesperson of Computershare, which is conducting this online-only meeting, stated that due to the large number of shareholders accessing the live stream causing technical issues, the shareholder meeting originally scheduled for last week has been postponed to 12:30 pm this Monday afternoon, Eastern Time.

"Due to unprecedented levels of shareholder attendance at GameStop Corporation's Annual Meeting and the significant technical difficulties faced, we have decided to delay the Annual Meeting to better ensure all shareholders are able to participate," Computershare said.

The GameStop's last shareholder meeting was held in June 2023, lasted less than 15 minutes, and CEO Ryan Cohen made a brief statement. GameStop confirmed the technical malfunction in a press release, but did not respond to further requests for comment. Gill did not respond to requests for comment.

Analysts and investors are currently unclear what issues the meeting will discuss, or whether Gill, who expressed a bullish attitude towards GameStop earlier this month during a livestream, will attend the meeting or participate in the online discussion.

But that hasn't stopped Roaring Kitty's fans from speculating wildly about what might happen at the meeting. Some even made memes before the meeting, one of which was posted on X, showing Gill's photo PS'd into that of a rock star walking triumphantly on stage in front of a crowd.

Last Thursday, Gill updated his position, showing that he now owns about 9 million shares of stock and no longer has any call options in the company. Gill may have sold all of his call option contracts and bought stock, or he may have sold part of his call options and converted the rest to stock.

GameStop's stock price fell 1% to $28.70 on Friday and rose about 1% in premarket trading on Monday at the time of submission. Since May 10th, the day when Gill reappeared on social media after disappearing for three years, the stock has risen by 67%.

Editor/Lambor