Peloton fishy, 2024 best performing stock, TSLA, and $HOOD earnings

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. And don’t miss out on the Robinhood earnings deep dive at the end!

Peloton smelling a bit fishy 

• Peloton is burning over $200 million per quarter

• CEO stepped down and there are layoffs to reduce costs

• Rumors of potential private equity buyout surfacing

• Speculation that Peloton is trying to push good news to mask financial difficulties

• Expectation of future dilution event to raise cash

• Author has taken a small put position on Peloton stock at $2 strike as a result.

A major (now bankrupt) U.S. logistics/freight company is one of 2024’s highest performing stocks!

• Yellow Corporation's stock (YELLQ) has gained over 1,800% since last July and is holding steady above $8 per share, despite the company being in Chapter 11 proceedings.

• The company's rise in stock price is due to its rare bankruptcy story of "Assets Over Liabilities" and potential future asset sales and cash flow numbers.

• Yellow Corporation has paid off all secured debt and is working through validating unsecured claims.

• Professional investors are divided on the future of Yellow Corporation's equity, with some predicting a share price of $18+ in the coming months.

• Yellow Corporation was formerly the fifth largest transportation company in North America and the nation's second largest LTL freight carrier, behind FedEx Freight.

Tesla punctuates layoffs with apparent hiring freeze 

• Tesla has enacted a company-wide hiring freeze after eliminating over 3,000 open positions

• The hiring freeze comes after Tesla announced a plan to eliminate 10% of its global headcount to cut costs

• Layoffs have affected executives, members of the Supercharger division, and employees in software, service, and engineering departments

• Rich Otto, Tesla's former head of product launches, publicly announced his departure from the company due to recent layoffs

• Despite the layoffs, Tesla still has several hundred jobs posted on professional platforms as of Wednesday

I read through Robinhood’s latest earnings (with the help of AI) so you didn’t have to. Here’s what you need to know:

🤖 Suggested plays by AI🤖

• Buy if you think:

  • people will keep YOLOing into options & crypto

  • interest rates stay high and people keep trading on margin

• Sell if you think

  • a Wells Notice from the SEC which could affect their crypto revenue, their fastest growing segment of revenue

  • there’s an upcoming bear market, volumes will go down, and Robinhood makes less

🚀 To the Moon or Lost in Space? 🚀

Robinhood's latest earnings report is like a rollercoaster at the county fair – thrilling for some, nauseating for others. Buckle up degens, because we're about to unpack whether you should hodl or fold on the app that's been the gateway to financial YOLOing for many.

💰 Let's Talk Numbers 💰

Robinhood's revenue shot up by a sweet 40%, making it rain with more dollars than a Dogecoin rally. Options trading is the VIP at this party, making up around 25% of total revenue. But hold onto your hats, because crypto just mooned with a 231% increase! Bitcoin may be the king, but surprisingly DOGE is the loyal second-in-command on Robinhood's platform.

Interest is where it's at, with nearly 40% of revenue coming from it – think margin interest, the kind of passive income that makes you feel like you're in a hammock on a Tuesday.

And the big reason why earnings was so great: operating expenses dropping by 51%. Weirdly, a lot of that is thanks to the founders who canceled some of their own stock, making SBC expenses dive faster than you can say "market correction."

Oh and top of that, Gold subscribers are up 42% to 1.68 million.

📉 So why is Robinhood dropping like it’s hot? 📉

When the closing bell rang, Robinhood's stock soared like it caught a second wind from a SpaceX booster. But in a plot twist sharper than a GameStop short squeeze, it nosedived over 3% today. So, what's the deal? Picture this: The SEC dropped a Wells Notice in Robinhood's lap, which is basically the regulatory version of "we need to chat, ASAP" for their crypto segment. It's like a dark cloud looming over their brightest revenue star.

But here's the real head-scratcher: despite the confetti-worthy earnings, Robinhood didn't serve up an amazingly optimistic future forecast you'd expect from such a performance. It's like finishing a marathon with a personal best and then saying you might take up competitive eating instead. Investors are craving that sweet, sweet optimism about continued degenning into options and crypto, but Robinhood's crystal ball seems a bit foggy. With no upgraded guidance to light the way, it's got the market wondering if this rocket ship is prepping for a stellar journey or just orbiting in uncertainty. 🚀🤔💸

🔮 Crystal Ball Time 🔮

If you've got diamond hands for high interest rates and margin trading, then buying Robinhood could be your ticket to tendie town. But if you're getting cold feet thinking about a bear market and quieter trading floors, you might want to swipe left on this one.

Remember, the Wells Notice is like a storm cloud on a sunny day, especially when crypto is bringing home the bacon. And with no shiny new outlook for the rest of the year, some investors are ghosting harder than a bad Tinder date.

So, are you in for the thrill of the ride, or are you cashing in your tickets at the prize booth? Whether you're buying a ticket to the moon or bracing for a potential crash landing, keep your eyes on the charts and your snacks at the ready. 🚀📉🍿