LCORX Overview

Stock Performance: Shares of Paramount Skydance Corp. surged by 23.2% in morning trading, indicating a significant increase in interest and investment in the company.

Trading Activity: The trading volume for Paramount Skydance exceeded 40 million shares, far surpassing the average daily volume of 16.7 million shares over the past month, suggesting a meme-stock-like buying frenzy.

Meme Stock Resurgence: The recent rise in meme stocks indicates that the factors driving this trend have persisted since the initial surge in 2021, as noted by Leuthold Group.

Notable Stock Movements: Last week, heavily shorted stocks like Opendoor Technologies, Kohl’s Corp., and Krispy Kreme experienced significant price increases, with Opendoor's shares rising over 120% intraday on July 21.

Leuthold Group Launches New ETF: The Leuthold Group has converted its Select Industries Fund into an exchange-traded fund (ETF) named Leuthold Select ETF (NYSE: LST), aiming to provide active, thematic investment strategies developed over two decades.

Investment Strategy and Management: LST focuses on capital appreciation through equity selection and rotation based on market themes, managed by a team led by Scott Opsal, with the firm having a strong history in investment research since 1981.

Current Investor Sentiment: Investors are currently very optimistic, but it's important to consider potential risks that could arise.

Labor Market Concerns: The recent U.S. jobs report fell short of expectations, indicating possible labor market issues that could lead to a recession by mid-next year, according to financial experts.