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Michael Luo
July 01, 2024

Here’s the latest “under the radar” stock news from Reddit in the last 24 hours that you don’t want to miss, as picked by Fluid Bot’s AI.

Exclusive-Boeing agrees deal to buy Spirit Aero for $4.3 billion - sources 

  • Reddit sentiment: mixed/negative

  • Boeing will acquire Spirit AeroSystems for $4.3 billion

  • Deal is for $37.25 per share in an all-stock deal

  • Terms of the deal were agreed upon by both Boeing and Spirit's boards

  • A sale of some of Spirit's assets to Airbus is expected

  • Deal is subject to regulatory approvals, official announcement could be made soon

  • Boeing, Spirit AeroSystems, and Airbus have declined to comment

Nvidia Just Getting Started: Stock Heading to $150 and Possibly $200 by year’s end 

  • Reddit sentiment: mixed

  • Bullish on $NVDA stock, predicting $150 by end of July/beginning of August and $200 by end of year

  • Nvidia seen as generational investment opportunity with first mover advantage in AI technology

  • Potential for Nvidia to expand into various industries like self-driving cars, healthcare, and manufacturing

  • History of consistently beating earnings expectations and innovation with new chips like Blackwell

  • Risks include economic downturn, regulations, and climate change

  • Belief in AI's potential to drive growth and change the world, comparing it to the next Industrial Revolution

  • Acknowledgment of high valuations across the market, not just specific to Nvidia or AI industry

Nike’s stock had its worst day in history, dropping 20%

  • Reddit sentiment: mixed/negative

  • Nike's stock fell 20% on Friday, the worst day in the company's history

  • This drop came after Nike forecasted a 10% sales decline for the current quarter

  • Nike usually sees sales growth during Olympic quarters, so this drop is abnormal

  • Multiple issues are affecting Nike, including struggling classic footwear lines, soft demand in China, and competition from brands like On Running and Hoka

NIKE MUST PULL BACK 

  • Reddit sentiment: mixed

  • Nike stock has dropped close to 20%

  • Stock metrics (P/S, P/B, P/E), hedge fund buying, and analysts say it's oversold

  • Looking for confirmation of uptrend on 5 min chart to go long

  • If market tanks and fear remains, could drop to $60

  • Consider buying call contracts

Here’s some other headlines we couldn’t squeeze in: