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Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. It provides online news services where users can select and rank web content. The firm also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.

Reddit Inc. - Ordinary Shares - Class A

Reddit Inc

$RDDT is trending downwards, driven by concerns that ChatGPT is reducing its reliance on Reddit data and a COO share sale influencing downward pressure. The community is debating whether this is an overreaction and a buying opportunity, or if the stock is fundamentally overvalued and facing compliance challenges. Upcoming earnings and potential for AI-driven revenue growth remain key talking points.

Upstart Holdings, Inc. engages in the provision of a cloud-based artificial intelligence lending platform. It operates through the following segments: Personal Lending, Auto Lending, and Other. The Personal Lending segment focuses on unsecured personal loans and small dollar loans. The Auto Lending segment is involved in auto refinance and auto retail loans. The Other segment refers to HELOCs and other. The company was founded by David Joseph Girouard, Anna Mongayt Counselman, and Paul Gu in December 2013 and is headquartered in San Mateo, CA.

Upstart Holdings Inc

Upstart is trending amid a recent pullback, leading to divided opinions on potential bottom-fishing versus further downside. Community members are actively discussing short squeeze opportunities, potential support levels, and the impact of broader market factors like interest rates and a possible government shutdown. Some traders point to a BTIG analyst report raising concerns about delinquencies as a catalyst for the stock's recent struggles.

DraftKings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports betting, online casino, daily fantasy sports product offerings, DraftKings Marketplace, retail sportsbook, media, and other consumer product offerings. The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

DraftKings Inc. - Ordinary Shares - Class A

DraftKings Inc

DraftKings is trending due to concerns about increasing competition from prediction markets like Kalshi and Robinhood, especially after Kalshi reported record trading volumes and expanded its offerings. The community is debating the long-term impact of these alternative platforms on DraftKings' market share and revenue, and whether the company needs to adapt its strategy or enter the prediction market space itself. Some investors believe the concerns are overblown, while others express frustration with management's response and the stock's performance.

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.  Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks.  Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes.  Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on.  The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.

Bitcoin

Bitcoin is trending as the community discusses its potential as a safe haven amid government shutdown concerns and anticipation for a historically strong October. Bullish sentiment is fueled by the expectation of institutional adoption and potential price surges, while some traders remain cautious, watching key resistance levels and potential market corrections.

Lithium Americas Corp. engages in the development of the Thacker Pass project. It is focused on advancing Thacker Pass to production it is located in northern Nevada. The company was founded on January 23, 2023 and is headquartered in Vancouver, Canada.

Lithium Americas Corp (NewCo)

Lithium Americas Corp

Lithium Americas ($LAC) is trending as the US government is reportedly taking a stake in the company and its Thacker Pass project, aiming to boost domestic lithium production and reduce reliance on China. The community is discussing the potential for a short squeeze and long-term growth, drawing parallels to other government-backed ventures. Some are speculating on future price targets, anticipating institutional investment and a positive impact from government support.

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East, and Africa (EMEA), Greater China, Asia Pacific and Latin America (APLA), Global Brand Divisions, Converse, and Corporate. The North America, EMEA, Greater China, and APLA segments refer to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions segment represents its NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment is composed of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip Hampson Knight on January 25, 1964 and is headquartered in Beaverton, OR.

Nike, Inc. - Ordinary Shares - Class B

Nike Inc

Nike is trending as investors discuss the potential impact of earnings and a possible turnaround, with some anticipating a squeeze on short positions. Community members are weighing in on the brand's strategy and potential for growth amid changing consumer preferences and macroeconomic factors like tariffs. There's also chatter about potential upgrades and price target increases following the report.

Netflix, Inc. engages in providing entertainment services. It also offers activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.

Netflix Inc.

Netflix Inc

Netflix is trending amid discussions around content strategy, potential acquisitions, and analyst ratings. Community members are debating the impact of content decisions, speculating about a potential bidding war for WBD, and reacting to an analyst upgrade. The stock's recent performance and future potential are key talking points.

Epsium Enterprise Ltd. operates as a holding company, which engages in import trading and distribution of wines and spirits. It offers a range of products, including Chinese liquor, French cognac, Scottish whisky, fine wines, champagne, and other miscellaneous alcoholic beverages. Its brands include Moutai, Xijiu, Wuliangye, Remy Martin Cognac, Macallan, Cointreau, Piper Heidsieck Champagne, French Fine Wines, Red and White Wines. The company was founded by Son I Tam on March 24, 2020 and is headquartered in Macau.

Epsium Enterprise Ltd. - Ordinary Shares - Class A

Epsium Enterprise Ltd.

EPSM is trending due to extreme volatility and multiple trading halts, sparking discussions around potential pump-and-dump schemes and insider selling. The community is actively debating the stock's legitimacy, comparing it to other recent IPOs with similar patterns, and pointing to potential risks associated with Chinese small-cap stocks. Some traders are looking at potential squeeze opportunities, while others warn of a potential crash.

Peloton Interactive, Inc. provides an at-home fitness platform for live and on-demand indoor cycling classes. The firm pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its members. It operates through the Connected Fitness Products and Subscription segments. The Connected Fitness Products segment includes the sales of bikes, tread & related accessories. The Subscription segment refers to the monthly subscription and credits from live studio classes. The company was founded by John Foley, Graham Stanton, Thomas Cortese, Yony Feng, and Hisao Kushi in 2012 and is headquartered in New York, NY.

Peloton Interactive Inc - Ordinary Shares - Class A

Peloton Interactive Inc

Peloton is trending amid news of upcoming hardware and AI product launches, sparking speculation about a potential turnaround. The community is actively discussing the stock's potential for a short squeeze and comparing it to other turnaround stories, like Carvana. Discussions also include the impact of potential price increases and the company's move into profitability.

BYTE is a novel meme token that creatively intertwines the worlds of cryptocurrency and popular culture. Inspired by Grok's answer to "What would you name your dog?", Grok answered, 'Byte.' When Grok was asked who created Byte, it says he was created by the xAI team lead by Elon Musk as a gift to Grok AI to keep him company in the metaverse. BYTE serves as a playful reference to the unit of digital information, as well as a nod to the AI's technological nature. Distinctively, Byte acts as a gateway towards Ai adoption and stands out in the crypto space due to its zero-tax policy, a feature that is increasingly appealing to many investors. Additionally, it upholds the principles of transparency and investor trust by having its liquidity permanently burned and the contract ownership renounced. This ensures that Byte remains a community-driven project, with its fate firmly in the hands of its holders. The combination of a playful theme, generative AI, and a nod to a tech icon makes Byte an intriguing addition to the meme token ecosystem, especially AI related meme coins.  Through pioneering AI this story has grown more and more robust and continues to evolve, Byte pledges its dedication to community efforts and and has consistently appeared in the Top 10 of LunarCrush’s social engagement leaderboards on multiple occasions.

BYTE

BYTE.X is trending as the community rallies behind it as a potential mascot for xAI and Grok, with some speculating about Elon Musk's interest. Community members highlight the strong community, zero taxes, and burned liquidity as reasons to be bullish. There is also discussion around the existence of scam versions of the token.

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Shares of Abercrombie &amp; Fitch Co. (ANF) plummeted 15% on Wednesday, marking the company’s most significant intraday drop in over two years, despite the firm posting strong Q2 results that beat Wall Street expectations.Second-quarter revenue rose 21% year-over-year to $1.13 billion, surpassing analyst projections of $1.10 billion. Earnings per share (EPS) hit $2.50, also beating expectations of $2.22.Comparable sales grew by 18%, above the anticipated 15% growth, driven primarily by the performance of the Hollister chain, while sales at Abercrombie stores met estimates.Gross margin fell slightly short of expectations, and the company’s full-year outlook was largely in line with forecasts. For the current quarter, Abercrombie projects sales to grow by a low double-digit percentage.CEO Fran Horowitz, while noting the company’s strong first half, warned, “Although we continue to operate in an increasingly uncertain environment, we remain steadfast in executing our global playbook and maintaining discipline over inventory and expenses.”Adam Crisafulli, an analyst at Vital Knowledge, reportedly noted that Abercrombie is “held to a higher standard than most retailers” and said “people will probably be modestly underwhelmed” by the results.Last month, Argus Research downgraded ANF from ‘Buy’ to ‘Hold.’ While the firm acknowledged Abercrombie’s advantages from improved supply chains and growth in average unit retail, it projected that the company’s growth rate could moderate to mid-single digits by FY26.Argus also noted that Abercrombie shares trade at a “significant premium” in terms of price-to-sales and enterprise value-to-sales ratios relative to its peer group.ANF currently has a price-to-earnings (PE) ratio of 20.73, compared to Gap, Inc.’s (GPS) 12.97, even as they have similar market capitalizations.Despite the day’s dip, ANF stock remains up more than 52% for the year, outperforming its peers in the S&amp;P Composite 1500 Apparel Retail Index.On Stocktwits, retail investors showed little concern over the dip, with sentiment remaining ‘extremely bullish.’<figure class="image"><img style="aspect-ratio:1320/318;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/ANF_sentiment_and_message_volume_Aug_28_933d435f51.png" alt="ANF sentiment and message volume Aug 28.png" width="1320" height="318"><figcaption>ANF sentiment and message volume Aug 28</figcaption></figure>Many saw the sell-off as an over-reaction, emphasizing Abercrombie’s strong earnings and guidance.<stembedurl>https://stocktwits.com/The_Titan_Traders/message/584368530</stembedurl>Others view the decline as a buying opportunity.<stembedurl>https://stocktwits.com/RoundAssRousey/message/584386905</stembedurl>The broader retail apparel sector has faced mixed earnings, with several companies citing macroeconomic headwinds and high inflation as factors making consumers more price-conscious.However, there might be some relief on the horizon. With the Federal Reserve expected to cut interest rates next month, there’s hope that consumer spending might bounce back and benefit retail stocks.Read Next: <a href="https://stocktwits.com/news/markets/equity/chewy-stock-rises-after-upbeat-q2-earnings/c7w7BeTR2T">Chewy Stock Rises 5% After Q2 Net Income Jumps 14x: Retail Goes Crazy</a>&nbsp;&nbsp; &nbsp;

Despite the day’s dip, ANF stock remains up more than 52% for the year.

Abercrombie & Fitch Stock Sinks As CEO Points To 'Increasingly Uncertain Environment' — Retail Bulls Aren’t Backing Down

Shares of Abercrombie & Fitch Co. (ANF) plummeted 15% on Wednesday, marking the company’s most significant intraday drop in over two years, despite the firm posting strong Q2 results that beat Wall Street expectations.

ANF Stocks Sinks As CEO Points To 'Increasingly Uncertain Environment

Equity

Despite strong Q2 results, including revenue growth of 21% and EPS surpassing expectations, the broader market appeared disappointed. But not retail investors.


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