Meme stocks continue to power higher since early-April lows, alongside other retail trader favorites; while classically-defensive baskets bring up the rear
Source: Liz Ann Sonders, Bloomberg
Should we consider this as a leading indicator?
Sotheby’s revenue from commissions and fees on sales fell -18% Profit before tax at Sotheby’s Holdings UK fell -21% Source: The Coastal Journal
Hope you all kept your kids' Pokemon cards...
Source: WSJ
Time to say goodbye to Uber jobs?
Source: Michel A.Arouet
Cattle Price jumps to new all-time 🚨📈🐮
Source: Barchart
Retail investors are winning big this year – meme stocks are back.
The Goldman Sachs Meme Stock Index, which tracks some of the market’s most shorted names, is up 39% – a full 30 percentage points ahead of the S&P 500. Even the Goldman Sachs Retail Favorites Index, packed with stocks popular among small investors, has outperformed the broader market. Source: Bloomberg, HolgerZ
XAI, the artificia lintelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said.
Half of that sum was clinched through secured notes and term loans, while a separate $5 billion was secured through strategic equity investment, the bank said on Monday. The funding gives xAI more firepower to build out infrastructure and develop its Grok AI chatbot as it looks to compete with bitter rival OpenAI, as well as with a swathe of other players including Amazon -backed Anthropic.
Hedge Funds are loading up on Utility Stocks at the fastest pace in 5 years
source : barchart
