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Top 10 meme-stocks of November
... and this week's best reads from Reddit
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Today's Letter
This week's best reads from Reddit
An ARK ETF buys the CRWD (-20%) dip.
Earnings SZN
Top Meme Stocks of November
Best Reads of Reddit
I looked for the most interesting reads on Reddit (headline + top comments) from the past week and here they are, click the image to open the article.
Musk is not happy about Apple's 30% cut from App Store purchases (Twitter premium subscription) and joins the front-lines with Epic Games against the App Store.
The (very) long-awaited Tesla semi-truck completed it's first delivery with a 500-mile range transporting over 81,000 pounds. Pepsi was one of the early reservation holders with an order of 100 semi-trucks.
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Best Reads of Reddit - Cont'd
A look at which consumer goods have been most and least affected by inflation.
The TLDR?
More expensive: Anything you need to live
Cheaper: anything that keeps you distracted from living
Lastly... Tiger Global, one of the worlds largest hedge-funds has been losing nearly $185 million per trading day this year for a total of $42 billion... Will they survive?
ARKW Buys the CRWD Dip
A trade that ARK has gotten right (maybe) looks to be in selling the top of CRWD during the summer and then dollar-cost-averaging back into their position on a 40% discount. Here's the trade + visuals:
ARKW sold ~30% of position at the top and price of ~$190 per share.
Re-purchased 40k shares, increasing position by 50%, after a 40% drop in the share price.
Earnings SZN
Few interesting names I'm keeping my eye on next week. Here they are:
BMO = Before Market Open
AMC = After Market Close
Tuesday
Mongo DB (MDB) - AMC
Stitch Fix (SFIX) - AMC
Wednesday
GameStop (GME) - AMC
Thursday
Costco (COST) - AMC
DocuSign (DOCU) - AMC
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Top Meme Stocks of November
Here are the top meme-stocks trending on WallStreetBets for the month of November and why.
Tesla (TSLA) - 13,000 mentions.
CPI (inflation) - 7,800 mentions.
Apple (AAPL) - 7,200 mentions: Apple made headlines recently from hiring freeze to supply chain issues, to Elon vs Apple and App Store fees.
Nvdia (NVDA) - 4,700 mentions: NVDA and the semi-conductor gang got a boost in share price earlier this month after Warren Buffet announced a stake in TSM, another chip-company.
Amazon (AMZN) - 4,600 mentions: Hiring freeze/layoffs.
Meta Platforms (META) 4,400 mentions: Meta-verse flop, mass layoffs, share price down 60%, the list is endless.
Corn (aka Bitcoin as Bitcorn) 3,900 mentions: FTX bankruptcy, crypto smash, Bitcoin back to $16k.
Coinbase (COIN) 2,900 mentions: Read above.
Disney (DIS) 2,900 mentions: Huge drop on earnings then massive recovery on the return of Iger announcement.
GameStop (GME) 2,800 mentions: The squeeze hasn't squoze. Earnings coming up this week and Ryan Cohen (GME chairman) and his new "Book King" title on his Twitter profile.
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