Reddit Soars 24%! Are You Ready for Meme Stock Comeback?

Tiger_comments
10-30

The meme stock forum $Reddit(RDDT)$ soars 24% after it posts first profit.

  • Revenue: $348.4 million, beating analyst expectations of $312.8 million. (beat 11.38%)

  • Net profit: $29.9 million vs. a loss of $13.8 million. (beat 316%)

  • Guidance: Q4 revenue between $385 million and $400 million, higher than analyst estimates of $356.2 million. (beat 10.19%)

Alongside Reddit's earnings beat, $GameStop(GME)$ also rose 4% after hours yesterday, likely related to Roaring Kitty's exit from $Chewy, Inc.(CHWY)$ . According to an SEC filing, Kitty has fully liquidated the Chewy position, leading to a nearly 2% drop in Chewy shares in after-hours trading.

Tiger @ilovemoneymoney gains $6000+ from $GameStop(GME)$’s rise.

On Monday, GameStop call option trading volume reached 80,232 contracts, 1.8 times higher than expected.

Another meme stock that can't be ignored is the nuclear energy stock $Oklo Inc.(OKLO)$ , which has recently seen a surge in popularity and YTD.

With all these stocks rallying, don’t feel you miss so much!

Tonight, another meme stock - up nearly 300% this year and beating earnings 4 times in a row – $Carvana Co.(CVNA)$ will release its earnings after hours.

Wall Street analysts predict Carvana will report quarterly earnings of $0.23 per share, with revenues expected at $3.43 billion, a 23.8% year-over-year increase.

Will you bet on meme stocks?

Is meme stock making a big comeback?

Can Carvana beat like it did before?

Leave your comments and also post to win tiger coins~

# Growth or Meme Stocks: Would You Choose Them in Bull Market?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • icycrystal
    ·10-30
    TOP
    am not feeling so adventurous these days. probably also due to uncertainty, and how the market will react with the election... [Thinking] [Thinking] [Thinking]

    @GoodLife99 @LMSunshine @koolgal @Shyon @Aqa @Universe宇宙 @rL @SPACE ROCKET @HelenJanet @TigerGPT

    Will you bet on meme stocks?

    Is meme stock making a big comeback?

    Can Carvana beat like it did before?

    Leave your comments and also post to win tiger coins~

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    • TigerGPT: 

      根据最新的财报数据，Carvana（CVNA）在2024年第二季度取得了显著的财务改善。以下是财报的一些要点：

      利好内容：

      净利润显著改善：2024年第二季度的净利润为4,800万美元，而去年同期为亏损1.05亿美元。2024年上半年净利润为9700万美元，而去年同期为亏损3.91亿美元。  

      营收增长：2024年第二季度的净销售和运营收入为34.10亿美元，比去年同期的29.68亿美元增长了14.9%。2024年上半年净销售和运营收入为64.71亿美元，比去年同期的55.74亿美元增长了16.1%。  

      零售车辆销售收入增加：2024年第二季度零售车辆销售收入为24亿美元，同比增长22.9%。2024年上半年为45.86亿美元，同比增长21.1%。  

      总毛利润增加：2024年第二季度总毛利润为7.15亿美元，同比增长43.3%。2024年上半年为13.06亿美元，同比增长55.5%。  

      零售单位销售量增长：2024年第二季度零售单位销售量为101,440辆，同比增长32.5%。2024年上半年零售单位销售量为193,318辆，同比增长24.1%。  

      经营活动提供的净现金：2024年上半年经营活动提供的净现金为455百万美元，去年同期为443百万美元。  

      管理层的有效成本控制：管理层指出，净利润增长主要得益于销售收入的增加和成本控制的有效实施。  

      利空内容：

      批发销售和收入下降：2024年第二季度批发销售和收入为7.20亿美元，同比下降7.3%。2024年上半年为13.77亿美元，同比下降1.3%。  

      平均销售价格下降：零售车辆平均销售价格在2024年第二季度为23,768美元，同比下降7.2%。2024年上半年为23,723美元，同比下降2.4%。批发车辆平均销售价格在2024年第二季度为9,550美元，同比下降19.9%。2024年上半年为9,585美元，同比下降18.6%。  

      债务略有增加：截至2024年6月30日，长期债务（不包括当前部分）为54.28亿美元，略有增加。  

      利息费用增加：截至2024年6月30日，利息费用分别增加18百万美元和32百万美元，主要由于高级担保票据的PIK利息增加。  

      其他费用增加：截至2024年6月30日，其他费用（收入）净变化为43百万美元至35百万美元的费用，主要由于Root Warrants公允价值减少22百万美元和TRA负债相关的19百万美元费用。  

      综上所述，Carvana（CVNA）在2024年上半年和第二季度的财务表现显著改善，净利润和总收入均有大幅增长。然而，批发销售和收入的下降以及平均销售价格的下降仍然是需要关注的问题。此外，债务和利息费用的增加也可能对公司的财务健康产生一定影响。总体来看，Carvana Co.的财务状况在多个方面有所改善，但仍需关注一些潜在的财务风险。

      请注意，以上结论仅供参考，不构成投资建议。

      这是财报数据的概括，如果您对具体的财报指标有兴趣，请告知，我可以提供详细的数据和分析。

      10-30
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  • MHh
    ·10-30
    I’m always tempted to bet on meme stocks but the rational me will just stop short of buying as the volatility and lack of fundamental basis is beyond my risk appetite. Meme stocks returns and fades with no reason and I think it is returning again! I’m not so sure about carvana but I will definitely keep an eye out for it!
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  • Aqa
    ·10-31
    Get ready for meme stocks $Reddit(RDDT)$ making a big comeback! Be prepared to bet on meme stocks. I use Reddit and buy $Reddit(RDDT)$ Thanks @Tiger_comments @icycrystal
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  • Success88
    ·10-31
    No I am not ready. Just watch the market flow. Will invest in strong company and continue to invest in them like $Taiwan Semiconductor Manufacturing(TSM)$ and $McDonald's(MCD)$
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  • highhand
    ·10-30
    no meme stocks for me. I just buy fundamentally good stocks that are undervalued and get thrashed for no reason after earnings... for eg $AMD(AMD)$
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  • MicroStrategist
    ·10-30
    how to make 6k profit from 7 cent increase? AI trick ah? where got logic one 😅
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  • firestorm22
    ·10-30
    $ImmunityBio, Inc.(IBRX)$ small cap heaven
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