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U.S. stock futures rose early Monday, rebounding from a volatile week marked by mixed earnings and concerns about the Federal Reserve's interest rate plans. While Wall Street looked ahead to a potential recovery, retail investors were found chatting about these three stocks the most before the opening bell:
Trump Media & Technology Group Corp. (DJT): Shares of the Donald Trump-linked social media company were flat in pre-market trading. Stocktwits sentiment remained ‘neutral’ (49/100), a slight improvement from the previous day's ‘bearish’ mood (39/100).
This follows second-quarter results showing a 30% revenue decline to $836,900 and a net loss of $16.4 million. CEO Devin Nunes outlined plans for a Truth+ streaming service and potential mergers or acquisitions.
However, the stock is up over 50% year-to-date, fueled by optimism around Trump's involvement and potential reelection.
Nvidia Corp. (NVDA): The AI-chipmaker is generating increased retail interest ahead of its Q2 earnings report. Shares were recovering pre-market after Friday's decline, partly due to concerns following AMD's weak results.
Stocktwits sentiment improved from ‘bearish’ to ‘bullish’ (58/100). Analyst Dan Ives predicts a significant earnings report, due after market hours on August 28, saying it would be a "drop the mic moment" for AI.
Last week, New Street upgraded NVDA to ‘Buy’ from ‘Neutral,’ citing a healthy correction and opportunity for exposure.
Genius Group (GNS): Shares of the AI-powered educational tech platform surged over 19% pre-market, continuing the momentum from Friday's announcement of a share buyback by founder and CEO Roger James Hamilton.
However, Stocktwits sentiment remained ‘bearish’ (29/100) as it did a day earlier, but message volume surged to ‘extremely high’ levels.
The company, last week, said it has implemented a 1-for-10 reverse stock split to meet NYSE listing requirements. Despite a 27% revenue increase in 2023 and a $105 million revenue target for this year, the stock has lost over 78% of its value this year.