Robinhood ($HOOD) – Up 50% on Wednesday, down 27% Thursday, back to life with a 7% gain on Friday - apes, I really didn’t want to talk about Robinhood again but...I have to. IPOs generate a lot of volatility, but Robinhood has taken that to a whole new level. The company has been in the top 10 most traded stocks just about every day it has been public. Keep in mind that we’re looking at a semi-meme stock whose business is meme stocks, so it may be smart to prepare for an extended wild ride.
Corteva ($CTVA) – Let’s talk about agriculture, a huge industry with an even huger impact on our lives. Corteva, an industry leader with a $30bn+ market cap, just so happened to release earnings last week. The results show a strong company in a resilient industry as they beat across the board, increased guidance, and raised their dividend. The earnings call also noted that supply chain issues mixed with high product demand could lead to price increases later this year - good for earnings, bad for us. Shares jumped 8.0% on Friday.
Microvision ($MVIS) – Who knew that delivering revenue of just $750k could receive such a positive response? Well, laser scanning tech firm Microvision, or as many of you may know it, $MVIS, had a surprisingly non-sh*ty earnings call, beating revenue estimates by about $50k and falling in line with earnings. This meme stock hasn’t gotten its trip to the moon yet, but Friday’s gain of 12.2% was a solid liftoff.
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