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  • Stonks: $ASTS massive news, $DJT investigation, $CELH drops 17%, Fed waiting

Stonks: $ASTS massive news, $DJT investigation, $CELH drops 17%, Fed waiting

Author

Michael Luo
May 30, 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.

  • AST SpaceMobile ($ASTS) partners with Verizon to provide satellite internet to phones, in addition to their existing deal with AT&T

  • Verizon's deal includes a $100 million raise for AST through prepayments and debt investment

  • AST aims to eliminate dead zones and provide connectivity to remote areas with space-based technology

  • AST is building satellites to provide broadband service directly to unmodified smartphones

  • Multiple major companies are pursuing direct-to-device communication, including AST, SpaceX, T-Mobile, and Apple

  • AST expects to launch its first commercial satellites later this year

  • SpaceX has over 3 million Starlink customers and is planning to offer phone service with T-Mobile support

  • Trump Media & Technology Group (DJT) has requested Louisiana to investigate alleged "illicit activities" in the trading of its shares

  • CEO Devin Nunes sent a letter to the Louisiana Office of Financial Institutions asking for an investigation into market manipulation

  • The company's shares have seen high volume of failures to deliver (FTD) due to short selling

  • TMTG experienced a roller-coaster ride since going public, with its stock price soaring initially but then reversing gains

  • The company reported low revenue and deep losses despite its high valuation.

  • Celsius Holdings Inc. ($CELH) stock dropped 15% after Morgan Stanley analysts reported slower year-on-year sales growth

  • Celsius's market share declined from 10.8% to 10.5%

  • Sales on promotion increased and pricing was down -7% YoY

  • Morgan Stanley maintained an Equal Weight rating and $75 per share price target on Celsius

  • Company has a strong runway in the US but faces difficult comparisons as it cycles distribution and velocity growth since partnering with PepsiCo

  • Analysts believe there is a balanced risk/reward for Celsius Holdings Inc. from here, after recent stock run up

  • Fed's balance sheet shows money supply dropping

  • WSB believes crash likely after rate easing

  • Predicts correction this year with higher for longer policy

  • Velocity of M2 plateauing before pre-covid levels

  • Possible crash could happen within a month or a year