Elon Musk claims Twitter stake and right of passage.

Swaggy’s Top Stonks. We compile and analyze data from multiple sources bringing you the top trending tickers from around the internet. If you haven’t subscribed already, please do so below.

Welcome newcomers to Swaggy's Top Stonks and thank you for subscribing.

There's a lot happening in the markets right now. Let's dive in for a deeper look into Elon's recent tweets, the return of volatility, and what some crypto names are doing.

Today's Letter

• Market Update

• Interesting Reddit Posts

• Trending Cryptos

• Meme Stocks

https://investingtrends.com/wp-content/uploads/2021/07/he-arrows-up.jpg

Why Helium Prices Have Skyrocketed By 160%... And How You Can Tap Into A Rare Opportunity

Tech giants like Google, Facebook, and Amazon are hoarding helium. And that's because it's about to become one of the rarest, most important gases on Earth. And this small cap company has found what might be the most valuable helium sites on the planet.

*This is sponsored content.

Market Update

For those of you that haven't been following anything market-related last week, Elon Musk has taken a 9% stake in Twitter. Some say it's to protect himself from getting kicked off the platform, but what plans does he really have to improve the one-of-a-kind social-media platform who's primary focus is on two-sentence tweets? Here are a few ideas he has in mind.

There are plenty more if you visit his profile linked above. Furthermore, Elon went on to question whether or not the "celebrity profiles" actually offered any value to their followers when they sometimes tweet only once every several months. Interesting shake-up, but Elon's Twitter profile is littered with eccentric comments and suggestions.

As a result of the Twitter shenanigans, we've seen a huge spike in social chatter around two names. The two stocks are Twitter (TWTR) and DWAC, trump's "Truth Social" SPAC.

Let's take a look at social sentiment & volume for both.

Twitter (TWTR)

TWTR, a name that generally doesn't receive much attention has exploded in social volume over the last several trading days (with good reason). TWTR then experienced the frequently seen consequence of "cooling off" after an explosion of hype.

DWAC

DWAC is also a prime example of how "too much" hype can have a negative effect on the share price in the short-term. Each time social volume exploded, it was almost always followed by an acute drop in the share price. However, this time around a lot of negative sentiment is building up after the share price has been cut by 50% (down 20% since news of Elon taking over Twitter).

Rather than looking at the most hyped stocks, often-times I like to find gems that have once exploded from social sentiment, but are now in a "lull" period. Some of these names that come to mind that are currently in a similar state are:

• Apple (AAPL)

• SoFi (SOFI)

• ContextLogic (WISH)

• Palantir (PLTR)

• Microsoft (MSFT)

Let's look at the Palantir (PLTR) sentiment chart, where the chart resembles many of the names listed above.

Social volume is currently at 6 months (and beyond) lows after the share price has seen a steady decline from $27 to now $13. This decline isn't singular to this stock, but resembles the entire growth-stock sector.

Interesting Reddit Posts

Came across some interesting Reddit posts this week that deserve 3 minutes of your time to read. Here's what I found.

GME - Stock Dividend

Lost over 100 grand in a couple months (!!)

Trending Cryptos

Top list of trending crypto currencies by social volume. A few newcomers making it this high on the list, which include:

• Cardano (ADA)

• Terra (LUNA)

• Algorand (ALGO)

Shoutout to DOGE that could be making a comeback. With all this Twitter x Elon stuff we may see a new pump arise.

GRIT is going big or going home on the 20% of our “high-risk” portfolio where we know these investments could go to zero…or 10x! Subscribe to our new CRYPTO NEWSLETTER to follow us along this journey and see what we’re buying, why we’re buying it, what we’re paying, and what else is on our radar!  

Meme Stocks

The market volatility (that has certainly over-stayed it's welcome at this point) has most growth stocks suffering. However, a few names are making their way to the top meme-stock lists. To name a few we have HMHC and SST making the top 10 for most of last week. HMHC is up on news of acquisition while SST made a jump of over 45% during the last 5 days.

Disclaimer: All material presented in this newsletter is not to be regarded as investment advice, but for general informational purposes only. You are solely responsible for making your own investment decisions. Owners of this newsletter, its representatives, its principals, its moderators, and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission or with any securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility. Reading and using this newsletter or using our content on the web/server, you are indicating your consent and agreement to our disclaimer.