LARGEST EVER CHINESE RUSSIAN WARSHIP GROUP APPROACHED ALASKA, EARNINGS DROP, MEME STOCKS RESURGENT
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.
August 7, 2023