August 7, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Earnings Drop

Please click here for a chart of the trucking firm Yellow Corporation (YELL).  YELL is the latest meme stock.

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of YELL is being used to illustrate the point.
• The chart shows when it became clear that the bankruptcy of Yellow was imminent.
• To most investors, bankruptcy is not good news, but the meme crowd is different.  The chart shows that the meme crowd aggressively bought YELL stock on the bankruptcy news.