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Dow Jones Futures: Roku, Etsy Dive On Earnings; AMD, Robinhood Signal Meme Stock Shift

Posted Date: August 05 2021 | Reading Time: 2 Minutes
Dow Jones futures rose slightly Thursday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally closed Wednesday mixed after a weak jobs report and a continued retreat in crude oil prices weighed on real economy sectors, even as tech names edged higher. Roku (ROKU) and Etsy stock were big earnings losers overnight.
Advanced Micro Devices (AMD) and Robinhood (HOOD) surged again, as Reddit investors buzz about these names. Coming as "traditional" meme stocks such as GameStop (GME) and AMC Entertainment (AMC) continue to slide, the rise of AMD and HOOD stock suggest a key shift.
However, HOOD stock fell sharply Thursday morning as Robinhood filed to sell 97.9 million shares over time.
Roku stock, Etsy (ETSY), Revolve (RVLV), DXC Technology (DXC), Innovative Industrial Properties (IIPR) and Qorvo (QRVO), which makes chips for Apple (AAPL) and 5G devices, reported earnings after the close.
All six stocks beat earnings views. But Roku, Etsy and RVLV stocks were big losers, along with DXC. IIPR rose modestly and QRVO stock edged higher.
DXC stock is on IBD Leaderboard. Roku stock and IIPR are on the IBD 50.

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