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GoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up
CNBCยท 2025-07-23 12:32
Group 1: Stock Performance - GoPro and Krispy Kreme saw significant premarket trading increases, with shares rising 63% and 33% respectively [1] - GoPro has been trading consistently below $1 this year, while Krispy Kreme is priced around $4 [2] - OpenDoor shares fell 9% after a speculative run, indicating a shift in retail trader interest [1][2] Group 2: Market Context - The speculative activity in stocks coincided with a broader market rally, with the S&P 500 reaching a record high and gaining over 7% in 2025 [3] - The rally is attributed to the removal of downside risks to U.S. GDP due to the passage of the OBBB bill, expectations of Fed rate cuts, and stronger-than-expected U.S. economic data [4]