Latest news with #DanielaHathorn
New York Post
23-07-2025
- Business
- New York Post
Krispy Kreme, GoPro and Beyond Meat shares soar in revival of meme stock craze
Shares in a donut chain, camera company and meat-substitute maker surged Wednesday in a revival of meme stocks. Krispy Kreme, the North Carolina-based chain with about 350 shops, soared as much as 25% on Wednesday. GoPro, famous for its miniature action cameras, jumped 49% while Beyond Meat rose 11%. 3 Krispy Kreme Cake Batter donuts on display in a Times Square shop. Stephen Yang Shares in Opendoor Technologies, an online platform that buys and sells real estate, plummeted 18% after a wild week in trading – rising more than 300% over the past week. Kohl's shares also fell 13% after gaining about 40% at the start of this week. Social media buzz around the stocks and short squeezes spurred the rally, despite little change in these companies' business fundamentals, according to Daniela Hathorn, senior market analyst at 'Krispy Kreme seems to be the latest addition to the frenzy,' Hathorn said in a note. 'Like the others, there was no significant news to justify the rally, just sheer retail momentum.' It's an apparent comeback for meme stocks, reminiscent of the GameStop chaos four years ago that famously forced Gabe Plotkin to shut down his hedge fund Melvin Capital Management. 3 Shares in Krispy Kreme soared Wednesday. AP Similar to that initial GameStop craze, this latest bout of meme stocks are soaring alongside broader market optimism. The S&P 500 has notched another all-time high and Bitcoin has doubled in less than a year. Call volume on Krispy Kreme skyrocketed Tuesday, hitting a record of over 100,000 contracts trading – about 71 times the average daily volume over the past four years, according to a Bloomberg analysis. Every morning, the NY POSTcast offers a deep dive into the headlines with the Post's signature mix of politics, business, pop culture, true crime and everything in between. Subscribe here! GoPro saw its highest call volume since 2021 with over 56,000 contracts, according to Bloomberg. Traders on the WallStreetBets page on Reddit, known for orchestrating meme stock movements, suggested several companies, including Krispy Kreme. The revival started last week, as shares in Opendoor surged massively – though Eric Jackson, founder and president of EMJ Capital, argued that Opendoor is not a true meme stock. 3 A small GoPro action camera. Gabe Shakour – 'I got into it because this is a real business. It's got a real platform that it's built and it's definitely fallen on hard times, that's why the stock is down like 99% or whatever it is from its all-time highs, but I just think the market got overly pessimistic about this,' Jackson told Bloomberg Podcasts on Tuesday. Kohl's, meanwhile, had more than doubled at one point on Tuesday. Other stocks with relatively high short interest, like The Campbell's Co., Aehr Test Systems, Polaris and Wendy's, also attracted buyers this week.
Mint
23-07-2025
- Business
- Mint
Krispy Kreme, GoPro, Beyond Meat join meme stock rally amid social media buzz
The meme-stock rally appears to continue for another day, as GoPro Inc., Krispy Kreme Inc., and Beyond Meat Inc. all rise in early trading. Wearable camera maker GoPro surged 39 per cent in early trading, Krispy Kreme, known for doughnuts, rose 20 per cent, and Beyond Meat increased 16 per cent. Meanwhile, Opendoor Technologies Inc. declined as much as 12 per cent, while Kohl's Corp. gained 1.8 per cent, reported Bloomberg News on Wednesday, July 23. The huge spikes in trading volumes and stock prices have been fueled by social media hype, short squeezes, and technical breakouts, even though the companies' core fundamentals have remained unchanged, the report said, citing Daniela Hathorn, senior market analyst at 'Krispy Kreme seems to be the latest addition to the frenzy,' she wrote in a note. 'Like the others, there was no significant news to justify the rally, just sheer retail momentum," she added. On Tuesday, Krispy Kreme experienced a surge in call volume, with over 100,000 contracts traded—about 71 times the typical daily volume in the last four years, based on Bloomberg data. Simultaneously, GoPro recorded its highest call volume since 2021, exceeding 56,000 contracts. Recently, Wall Street has been witnessing a resurgence of several stocks popular on Reddit's WallStreetBets, a forum known for previous meme-stock rallies. Last week, shares of the tech-driven home flipping company Opendoor soared, while Kohl's stock more than doubled at one point on Tuesday. On Wednesday, day traders on Reddit searched for the next potential stock, with some suggesting Krispy Kreme. Stocks such as The Campbell's Co., Aehr Test Systems, Polaris Inc., and Wendy's Co., which have relatively high short interest, have also drawn buyers this week. The meme stock rally surged during the 2021 pandemic lockdowns, as amateur investors, buoyed by savings and government stimulus, were encouraged to trade on platforms with low fees, reported Reuters. (With inputs from agencies.)
Bloomberg
23-07-2025
- Automotive
- Bloomberg
Stock Movers: Toyota, TXN, Memes
On this episode of Stock Movers: - Toyota (TM) shares are higher after Presidenmt Trump agreed to a 15% tariff on automobiles imported from Japan, ending months of uncertainty and fueling a rally in shares of Japanese carmakers. The agreement should provide Japan's automakers with relief and clarity, as they had been bracing for a 25% tariff on all cars and parts imported to the US, according to the text. - Texas Instruments (TXN) is plunging after the company issued a third-quarter forecast that was more guarded than some investors had anticipated. The main concern is whether tariffs and trade disputes will hurt a sales resurgence, with executives acknowledging they don't know how much of the 16% revenue jump came from tariff-related "pull in." - GoPro (GPRO) (FLWS) and Krispy Kreme (DNUT) are all soaring in early trading on meme stock mania. Daniela Hathorn, senior market analyst at says the surges have been driven by a mix of social media buzz, short squeezes, and technical breakouts, despite little to no change in the companies' underlying business fundamentals. Hathorn adds, "Krispy Kreme seems to be the latest addition to the frenzy", with no significant news to justify the rally, just "sheer retail momentum".
Bloomberg
23-07-2025
- Business
- Bloomberg
Stock Movers: AT&T, GEV, Meme Stocks
On this episode of Stock Movers: - AT&T (T) is lower even though it posted an earnings beat this morning. AT&T reported second-quarter results that mostly exceeded Wall Street estimates, including faster-than-expected growth in wireless phone subscribers. The company added mobile-phone customers and picked up new customers for its "Internet Air" fixed-wireless offering, topping market expectations. Its competitor Verizon posted poor subscriber numbers earlier. - GE Vernova (GEV) is higher this morning after it forecast revenue for the full year of high end of $36 billion to $37 billion, saw $36 billion to $37 billion. Positive free cash flow was driven by stronger adjusted EBITDA but decreased y/y due to a nonrecurring arbitration refund received in 2Q24 and lower positive benefit from working capital - Texas Instruments (TXN) is plunging after the company issued a third-quarter forecast that was more guarded than some investors had anticipated. The main concern is whether tariffs and trade disputes will hurt a sales resurgence, with executives acknowledging they don't know how much of the 16% revenue jump came from tariff-related "pull in." - GoPro (GPRO) (FLWS) and Krispy Kreme (DNUT) are all soaring in early trading on meme stock mania. Daniela Hathorn, senior market analyst at says the surges have been driven by a mix of social media buzz, short squeezes, and technical breakouts, despite little to no change in the companies' underlying business fundamentals. Hathorn adds, "Krispy Kreme seems to be the latest addition to the frenzy", with no significant news to justify the rally, just "sheer retail momentum".
Business Recorder
18-07-2025
- Business
- Business Recorder
European shares gain on strong earnings
FRANKFURT: European shares snapped a four-day losing streak on Thursday, boosted by gains in industrials ABB and Legrand after they reported positive earnings news. The pan-European STOXX 600 index closed 1% higher. Most major regional bourses also gained, with Germany benchmark DAX gaining 1.5%, while France's CAC 40 added 1.3%. Swiss engineering group ABB jumped almost 10% after posting its highest quarterly order intake yet, driven by demand for products used in data centres to support artificial intelligence. France's Legrand gained close to 9% after the electrical infrastructure provider hiked its annual sales target driven by strong growth in North American data centre segment. Rival Schneider Electric also jumped 7.7%. European chipmakers recouped some losses from the previous session with TSMC, the world's main producer of advanced AI chips, posting record profit in the second quarter boosting sentiment. ASML rose 3.9%, following an 11% drop on Wednesday. Ocado climbed 18.5% after the online supermarket reported a 77% rise in first-half underlying earnings and said its priority is to generate cash in its next financial year. The latest forecasts had shown that the outlook for European corporate health has deteriorated, with expectations of a drop of 0.7% year-on-year in second-quarter earnings, according to LSEG I/B/E/S data. Investors continued to await clarity on US-EU trade talks with the bloc preparing retaliatory measures in case negotiations with Washington failed. 'Markets are still pretty optimistic that this may be the case and that things will progress in the next two weeks,' said Daniela Hathorn, senior market analyst at 'We've seen in the past, and even in Trump's first term, the amount of times that he actually threatened action and what he delivered was very limited.' European equities fell sharply on Wednesday after Bloomberg reported that Trump is likely to fire Federal Reserve Chair Jerome Powell, but Trump later said he is not planning to do so. Meanwhile, Britain and Germany signed a wide-ranging friendship treaty that deepened ties in areas including defence and transport as UK attempts to reset ties with the EU. Among other moving stocks, Tomra Systems dropped 13.3%, the worst day since October 2023, after the Norwegian group posted a second-quarter net sales miss.
