There’s optimism, there’s damning with faint praise, and then there are Beyond Meat bulls on Reddit. Shares jumped more than 20% at their peak on Thursday, briefly breaching $1, seemingly just on the simple fact that the faux meat seller has… actually scheduled its Q1 earnings report. To be fair, the meme stock fave has had a chaotic history of releasing results.
The S&P 500, Nasdaq 100, and Russell 2000 notched new record closing highs as investors digested yesterday’s earnings from four tech giants. Every sector climbed higher except for technology, with the communications sector topping gains.
