Wall Street Breakfast Meme stocks Class of '25
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Jul 23, 2025 A surge in new meme stocks is captivating retail investors, sparking excitement and volatility in trading. AT&T surprises with impressive revenue growth, while Fiserv faces a downturn. Analysts analyze the buzz around Kohl's and Opendoor Technologies, shedding light on speculative trading. The impact of tariffs on U.S. importers is also discussed, alongside highlights from Lamb Weston’s strong earnings and Dr. Reddy's launch of a generic drug. It's a fast-paced look at the ever-changing market landscape!
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Meme Stocks Resurgence
- Meme stock action is resurfacing with new speculative names like Opendoor, QuantumScape, Krispy Kreme, GoPro, and Beyond Meat.
- Opendoor soared over 460% from 50 cents to above $3 before falling sharply and earning volatility from upcoming earnings.
Kohl's Meme Stock Momentum
- Kohl's stock surge was driven by high retail volume and online promotion, suggesting momentum comes from short squeeze hopes.
- Buyers are motivated by others buying, fueling speculative trading behavior.
AT&T Financial Outlook
- AT&T reported a slight Q2 profit beat and revenue topped estimates but FiberNet subscriber additions lagged.
- The company forecasts low single-digit revenue growth and adjusted EPS slightly below consensus for 2025.