Group 1: Meme Stock Euphoria - The current market sentiment indicates that meme stock euphoria is in its early stages, with potential rate cuts likely to boost economic growth and trigger a full-fledged meme stock season [1] - A 50% rally in short-squeeze stocks is expected, with the possibility of a 2x or 3x rally in a few months if the meme stock euphoria gains momentum [1] Group 2: Lucid Group (LCID) - Lucid Group's stock has seen a significant downturn, with a correction of nearly 60% over the past year, but it is considered a candidate for a short-squeeze rally [3] - The announcement of a 100% tariff on Chinese-made electric vehicles by Biden could serve as a catalyst for a rally from oversold levels [3] - Lucid has a liquidity buffer of $5 billion, and the management is optimistic about the upcoming launch of Lucid Gravity, which may attract speculative interest [3] Group 3: Aurora Cannabis (ACB) - Aurora Cannabis is identified as having high short interest and is positioned for a potential rally, especially with the upcoming presidential elections where cannabis legalization will be a key topic [5][6] - The company's international medicinal cannabis revenue increased by 41% year-on-year for Q3 2024, indicating healthy revenue growth that could lead to EBITDA margin expansion [6] Group 4: Beyond Meat (BYND) - Beyond Meat's stock has experienced a significant decline, trading in single digits after being near $200 at the end of 2022, yet it remains oversold with short interest above 40% [7] - The company reported a revenue decline of 18% year-on-year to $75.6 million for Q1 2024, along with an adjusted EBITDA loss of $32.9 million, indicating struggles [7] - The launch of the fourth generation of Beyond Burger and Beyond Beef may positively impact financials, and the current oversold levels could trigger a short-squeeze rally [8]
3 Short-Squeeze Stocks to Buy Before June for 50% Returns