Overview

• Opendoor shares jumped 19% on Friday to extend July gains above 400%, and Kohl’s climbed 10.5% after midweek pullbacks.
• Bullish posts on X.com by EMJ Capital’s Eric Jackson and buzz in retail forums helped trigger short squeezes in DORK stocks.
• Smaller gains in Krispy Kreme and GoPro underline a narrowing focus on leading meme names.
• Most of the targeted companies report declining revenues and net losses, highlighting the gap between stock rallies and fundamentals.
• Market strategists view the episode as isolated speculation unlikely to derail a broader market supported by strong earnings and economic data.