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Meme Stocks – Came back to life yesterday afternoon in a move that appeared to be led initially by GameStop Corp. shares that shot up +27.53% the stock had its best day in five months despite no news released, it was the biggest one-day gain since it rocketed 52.7% on March 25. There are no new press releases on the company’s website, and the company has not filed anything with the Securities and Exchange Commission in over a month. The supporting cast quickly followed suit with AMC, KOSS, BB, CLOV, WISH, NKLA and WKHS also all joining the party.

SAVA.NQ -22.77%
Cassava Sciences Inc – The company issued a response to claims that were posted on-line yesterday after market hours. Stating, “Cassava Sciences believes the claims made in this post regarding scientific integrity are false and misleading. The Company stands behind its science, its scientists and its scientific collaborators, and is responding to ensure the facts are known and respected.” Yesterday the company announced an agreement with FDA on Special Protocol Assessments (SPA) for its Phase 3 Studies of Simufilam for the Treatment of Alzheimer’s Disease.

JWN.NY -11.77%
Nordstrom Inc – Trading lower after Q2 results showed sales lagged recoveries in rival department store operators Macy’s and Kohl’s. The company reported quarterly revenue declined 6% from pre-pandemic levels. JWN did raise its annual revenue forecast, EPS of $0.49 per share, beat estimates of $0.26 per share. Revenues of $3.66 billion for the quarter also topped estimates.

NVDA.NQ -0.64%
Nvidia Corp – The largest GPU-based supercomputer at the U.S. Department of Energy’s Argonne National Laboratory will officially run on NVIDIA’s accelerated computing platform, The Polaris supercomputer, hosted at the laboratory’s Argonne Leadership Computing Facility (ALCF), will supercharge research and discovery with extreme scale for users’ algorithms and science. Accelerated by 2,240 NVIDIA® A100 Tensor Core GPUs, the system can achieve almost 1.4 exaflops of theoretical AI performance and approximately 44 petaflops of peak double-precision performance.

DKS.NY 10.81%
Dick’s Sporting Goods Inc – Reported record quarterly sales and earnings in second quarter 2021; the company delivered a 19.2% increase in same store sales and also raised its full year guidance and enhanced 2021 capital allocation plan – EPS beat by $2.26/share, also beat on revenue.

RGC.NQ 23.33%
Regencell Bioscience – Recent high flyer very active again premarket, popped up late afternoon yesterday with the apparent return of the meme stocks.

SPRT.NQ 13.54% Inc – The low float highly shorted recent mover is active in premarket trading as well, 25.5% short interest. No additional news catalyst this morning.

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