Growth or Meme Stocks: Would You Choose Them in Bull Market?
Yesterday, against the backdrop of a new market high following Trump's election victory, several companies surged more than 20% in a single day after their earnings reports! Let's take a look at the outstanding performance of these growth stocks.
1. $Lyft, Inc.(LYFT)$ jumps 22.85% yesterday, a year-to-date gain of 18.01%.
The company’s turnaround plan pushed it to an all-time high.
Adjusted EPS: $0.29 vs. $0.20 forecast (a 45% beat)
Revenue: $1.5 billion, beating estimate of $1.4 billion. (a 7.14% beat)
The ridesharing company posted a record 217 million rides, up 16% from the year-ago period and ahead of the 213 million rides expected.
2. $Under Armour Class A(UAA)$ jumped 27.2% yesterday, achieving a year-to-date gain of 26.62%
Under Armour is shifting to a premium e-commerce and retail strategy under new leadership, resulting in higher average order values and improved margins.
EPS: $0.30, $0.11 better than the analyst estimate of $0.19. (beat 57.89%)
Revenue: $1.4 billion, slightly higher than estimate of $1.38 billion. (beat 1.45%)
FY25 adjusted diluted EPS is expected to be between $0.24 and $0.27, in line with analyst estimate of $0.24.
3. $Upstart Holdings, Inc.(UPST)$ jumps 22.68% in the premarket trading. YTD 35.76% before this earnings jump.
EPS: ($0.06), $0.09 better than the analyst estimate of ($0.15). (beat by 60%)
Revenue: $162.14 million versus the consensus estimate of $149.32 million. (beat 8.59%)
Q4 revenue guidance: $180 million, higher than the consensus of $162.3 million. (beat 10.91%)
4. $Destiny Tech100 Inc(DXYZ)$ surged 39.08% yesterday, reaching an impressive year-to-date gain of 167.88%.
Due to Musk's support in helping Trump win the 47th presidency, $Destiny Tech100 Inc(DXYZ)$ surged 100% this week, primarily driven by key high-tech companies in its portfolio. With Trump in office, SpaceX is expected to receive more defense contracts.
As DXYZ’s largest holding (36.6%), SpaceX is valued at around $200 billion. Additionally, the popular OpenAI makes up 3.6% of the portfolio.
5. $Oklo Inc.(OKLO)$ surged 22.28% yesterday, with a YTD of 151.52%.
It’s undoubtedly the hot nuclear meme stock, driven by growing interest in nuclear power as a reliable, clean energy source for AI-driven data centers.
A recent report from the Electric Power Research Institute (EPRI) highlighted that data centers' electricity consumption could more than double by 2030, and traditional renewables like solar and wind may not meet the 24/7 power needs of tech giants like Amazon, Microsoft, and Google.
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.
- YueShan·11-09Good ⭐️⭐️⭐️LikeReport