GoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up

The analysis demonstrates From an analytical perspective, What's fascinating this is Retail traders targeted Go and Krispy Kreme on Wednesday, pushing s up

This analysis suggests that cohort seemed to have already ditched their old love OpenDoor ing a wild speculative run

In this articleOPENDNUTG your favorite stocksCREATE FREE ACCOUNTSopa Images | Lightrocket | Getty ImagesIt's a new day, and meme traders have found more stocks to put on the pedestal, considering recent developments

Reddit-obsessed retail traders targeted wearable camera firm Go and doughnut maker Krispy Kreme on Wednesday, triggering wild price swings in the names (this bears monitoring)

The doughnut chain has 28% of its float s sold short, while Go has 10%, according to FactSet

The two stocks were heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021. "YOLO DNUT," one post on WallStreetBets reads

Nevertheless, YOLO stands for "you only once" and is used to describe a high-risk, all-in trading strategy, considering recent developments

Stock Chart IconStock chart iconKrispy Kreme stock one-day chartThe heightened speculative activity on Wall Street coincided with a record-setting rally in the broader market as investors breathed a sigh of relief amid better-than-feared tariff headlines

The S&P 500 closed at another record high Tuesday, bringing its 2025 gains to more than 7% (which is quite significant). "We attribute the initial phase of the junk rally to removal of downside risks to U

On the other hand, GDP with passage of the OBBB bill, hopes for several Fed rate cuts between now and Y/E, stronger than expected U

Economic data, and tariff news flow being not as bad as feared," Wolfe Re said in a note to clients (which is quite significant)

In contrast, Here's what the firm sIf Apple makes a foldable phone, analysts say this stock will benefitBest Stocks: What to do with two 'Best Stock' names that are failing.