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SIRI Jan 2025 1.500 call
- Yahoo Finance Video
US labor market, meme stock trade, Boeing: Market Domination
Markets may have been closed yesterday for the Fourth of July, but stocks (^DJI, ^IXIC, ^GSPC) are looking reinvigorated at the end of July's first trading week. Josh Lipton and Jared Blikre are here to guide investors through the final trading hour of July 5 in today's installment of Market Domination. The program welcomes on tastylive CEO Tom Sosnoff, who ponders whether the current meme stock trade can sustain itself or if it will fade back again like in 2021. Oppenheimer chief investment strategist John Stoltzfus discusses how the Federal Reserve may be interpreting June's jobs data in relation to economic fortitude and its monetary policy. Other top trending stocks include Boeing (BA), as reports indicate Justice Department officials could be prepping to charge the airline manufacturer with fraud; Big Lots (BIG) is closing more US store locations; and bitcoin (BTC-USD) takes a hit lower after defunct crypto exchange Mt. Gox begins repaying customers. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Can the meme stock trade maintain its momentum in 2024?
Shares of Chewy have been on the rise since Keith Gill, the GameStop (GME) meme trader more popularly known as "Roaring Kitty," revealed he has a 6.6% stake in pet retailer Chewy (CHWY). Tastylive CEO Tom Sosnoff joins Market Domination to discuss the meme trade's momentum. "If you had told me three years later from 2021, we'd still be talking about this in 2024, I think I would be super surprised," Sosnoff says. He calls Roaring Kitty an "extraordinary story for retail investors" as Gill made never-before-seen market moves in 2021. However, Sosnoff doubts whether the meme stock momentum this time around can be maintained. Milwaukee-based headphone manufacturer Koss Corporation (KOSS) has been the latest recruit to this year's meme stock craze as its stock has skyrocketed by over 210% in the past five trading days For investors looking to get into the meme trade, Sosnoff is hesitant about stock options: "Even though these stocks are very liquid and even though they have a ton of trade, the markets aren't great. They're a little wide. And you have to be careful... because some of the upside call skew is ridiculous. And if you're not used to upside call skew, it just means that calls are priced more expensive than the puts. And so it's where the velocity of risk is deemed to be." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- PR Newswire
SiriusXM to Report Second Quarter 2024 Operating and Financial Results
SiriusXM (NASDAQ: SIRI) today announced plans to release its second quarter 2024 operating and financial results on Thursday, August 1. The company will hold an investor call the same day at 8:00 a.m. ET. A webcast of the presentation will be available on the Investor Relations section of the SiriusXM website at siriusxm.com/investorrelations.
