Meme Stock Rally Boosts DNUT, TNL Earnings Beat, OKLO Valuation

In today’s volatile trading session, Yahoo Finance’s Market Domination team tracked divergent stock movements across multiple sectors. Krispy Kreme rode the wave of renewed meme stock enthusiasm sparked by Beyond Meat’s explosive growth, while Travel + Leisure delivered a strong earnings beat that sent shares soaring. Meanwhile, nuclear energy developer Oklo faced mounting questions about its valuation as investors scrutinized the company’s market positioning.

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Beyond Meat Soars 90% on Meme Stock Frenzy Despite Weak Fundamentals

Beyond Meat shares exploded 90% to $6.80 in a classic meme stock rally driven by retail traders, short covering, and ETF inclusion, yet the company’s fundamental deterioration continues unabated with a 20% year-over-year revenue decline and persistent losses. This dramatic price movement represents a dangerous disconnect between market enthusiasm and business reality, echoing patterns seen in previous meme stock collapses like GameStop and AMC.

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Beyond Meat Stock Soars 1,300% in Meme Stock Frenzy

Beyond Meat shares have skyrocketed an astonishing 1,300% over just four trading sessions, igniting a fresh meme stock phenomenon that has spread to other consumer names like Krispy Kreme and 1-800-Flowers.com. This dramatic movement, characterized by market strategists as ‘casino stocks,’ highlights renewed speculative fervor among retail investors and marks one of the most explosive trading episodes since the 2021 meme stock mania.

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Krispy Kreme Price Target Holds at $3.70 Amid Caution

Krispy Kreme’s consensus analyst price target remains steady at $3.70 per share, reflecting continued caution among market observers. Despite the company’s strategic initiatives and fluctuating operational outcomes, Wall Street maintains a guarded stance on the stock’s near-term prospects, signaling that analysts are taking a wait-and-see approach before adjusting their positions.

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Robinhood Surges with Record Trading Volumes in Q2

Robinhood’s Q2 earnings reveal a 65% jump in transaction-based revenue to $539 million, driven by a 46% rise in options trading and a 65% increase in equities. Cryptocurrency revenue nearly doubled, supported by the $200 million acquisition of Bitstamp. CEO Vlad Tenev highlighted the company’s strengthened stability since its 2021 IPO, with plans to expand into tokenization and perpetual futures. Analysts note a resurgence in meme-stock activity, with retail engagement reaching record levels. Despite market fluctuations, Robinhood’s stock (HOOD) hit record highs, with Wall Street maintaining a ‘buy’ rating. The crypto market remains a key growth driver, expected to contribute more significantly to future earnings.

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Goldman Sachs Warns on US Stock Market Technicals

Kunal Shah, Goldman Sachs’ co-CEO and global co-head of FICC, warns that despite the strong US stock market rally supported by earnings and deregulation, technical indicators now appear less favorable. Shah notes that institutional clients have turned defensive after covering underweight positions, while retail investors bought the dip. He highlights ‘flashpoints of froth,’ including meme stocks like Kohl’s and Krispy Kreme rallying on social media hype despite weak fundamentals. While structural undercurrents remain positive, Shah advises a more defensive stance as systematic and corporate buying momentum wanes.

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Krispy Kreme Data Breach Exposes 161K to Identity Theft

Krispy Kreme has reported a significant cybersecurity breach affecting 161,676 employees, former employees, and their families. The breach, discovered on November 29, 2024, involved unauthorized access to the company’s IT systems, potentially compromising sensitive data such as Social Security numbers, financial account details, and health records. While there’s no evidence of misuse yet, Krispy Kreme is providing free credit monitoring and enhancing security measures to prevent future incidents. The company notified affected individuals and is working with cybersecurity experts to mitigate risks.

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Wall Street Rises on Trade Deal Hopes Amid Recession Fears

The US stock market saw a rise as renewed optimism over trade deals, particularly President Trump’s agreement with the UK, lifted major indices like the Dow Jones, S&P 500, and Nasdaq. Earnings reports from companies such as Tapestry and Krispy Kreme are also under scrutiny. Despite the positive momentum, concerns over tariffs, inflation, and global economic instability continue to cast a shadow over the market. This article explores the key drivers behind the market’s movement, the future of trade negotiations, and how businesses are navigating this uncertain economic environment.

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