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3 Hot Stocks to Watch: Meme Stocks Are Back, Should You Buy?

Tim SykesAvatar
Written by Timothy Sykes
Updated 7/22/2025, 12:43 pm ET | 5 min

In this article Last trade Nov, 10 7:03 PM

  • BBAI+12.85%
    BBAI - NYSEBigBear.ai Inc.
    $6.41+0.73 (+12.85%)
    Volume:  91.60M
    Float:  367.00M
    $5.55Day Low/High$6.65
  • OPEN+25.61%
    OPEN - NYSEOpendoor Technologies Inc
    $8.24+1.68 (+25.61%)
    Volume:  224.18M
    Float:  700.89M
    $6.69Day Low/High$8.35
  • PLTR+8.95%
    PLTR - NYSEPalantir Technologies Inc.
    $193.86+15.93 (+8.95%)
    Volume:  92.75M
    Float:  2.30B
    $182.88Day Low/High$194.93
  • QS-2.17%
    QS - NYSEQuantumScape Corporation Class A
    $16.26-0.36 (-2.17%)
    Volume:  54.87M
    Float:  511.71M
    $15.13Day Low/High$17.58

As market volatility returns and retail momentum heats up across speculative tech names, a few key stocks are capturing trader attention in a big way. Whether it’s Reddit-fueled rallies, AI defense speculation, or EV battery breakthroughs, the setups on these charts demand a closer look.

If you want to know what I’m looking for — check out my free webinar here!

Here are three of the most talked-about stocks heading into the final week of July 2025 — each with real volume, real price action, and real reasons to watch.

3 Penny Stocks To Watch This Week

Stock TickerCompanyPerformance (YTD)
NASDAQ: OPENOpendoor Technologies Inc+4.96%
NYSE: BBAIBigBear.ai Holdings Inc+1.23%
NYSE: QSQuantumScape Corporation+11.43%

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Opendoor Technologies Inc. (NASDAQ: OPEN) — Reddit’s Latest Meme Frenzy

My first penny stock pick is Opendoor Technologies Inc. (NASDAQ: OPEN).

Opendoor Technologies has emerged as the market’s latest meme stock, exploding over 400%* in just one week with no major news to justify the move. Shares traded for as low as $0.51 in late June — they now hover near $3.50 after touching $4.97 in Monday’s session. The rally appears almost entirely driven by retail interest on platforms like Reddit’s WallStreetBets, X.com, and Stocktwits.

At one point this week, more than 1.4 billion shares traded hands in a single day — a massive surge in volume fueled by short squeeze speculation and social media momentum. The company’s short interest is estimated near 24%, which has helped accelerate the move. OPEN was briefly halted for volatility and has now become one of the most-watched names among day traders.

Why traders are watching Opendoor (OPEN):

  • Parabolic meme rally driven by retail traders and high short interest
  • Massive spike in volume and options activity, mirroring early GME-style setups
  • Pure momentum play disconnected from business fundamentals

Despite excitement, the long-term outlook for Opendoor’s business remains challenged by macro housing headwinds and low margins. But for momentum traders, that’s irrelevant. OPEN is moving — and until the chart breaks down, it stays on the watchlist.

BigBear.ai Holdings Inc. (NYSE: BBAI) — The Palantir-Light AI Defense Penny Stock

My second penny stock pick is BigBear.ai Holdings Inc. (NYSE: BBAI).

BigBear.ai stock has more than tripled in the last three months, catching momentum as a small-cap name riding the boom in defense-focused artificial intelligence. With the Pentagon ramping up AI spending and competitors like Palantir Technologies (NASDAQ: PLTR) hitting new highs, traders are treating BBAI as a high-beta sympathy play.

The company’s software has been deployed across military simulations and joint-force exercises with allies in Japan, Canada, the UK, and Australia. That kind of exposure — paired with a $2 billion market cap and a chart making higher lows — keeps the stock in focus. Earnings are expected August 11, but momentum traders aren’t waiting for results.

Why traders are watching BigBear.ai (BBAI):

  • Defense + AI = major narrative tailwinds, especially with PLTR strength
  • Surged 23.5% last week with no news — sentiment is carrying the trade
  • Extremely volatile, thin float, high retail interest

This is a classic Palantir sympathy play — same industry, smaller market cap, bigger moves. The stock remains volatile, but any defense-AI catalyst could trigger another multi-day breakout.

More Breaking News

QuantumScape Corporation (NYSE: QS) — A Battery Breakthrough or Another False Start?

My third penny stock pick is QuantumScape Corporation (NYSE: QS).

QuantumScape has delivered one of the wildest moves of the summer. The solid-state battery developer surged over 350%* in just four weeks, rallying from $4.25 in late June to a high above $15 before pulling back.

The move was triggered by the company’s announcement of progress with its “Cobra” ceramic separator — a breakthrough it claims could enable scalable manufacturing of solid-state EV batteries. Traders piled in fast, betting on the long-hyped tech finally making it to production.

But the stock has since corrected, falling over 15% in a single session before stabilizing around $12.50. With Q2 earnings scheduled for July 23, traders are now watching closely for updates on manufacturing timelines, commercial partnerships, and roadmap credibility.

Why traders are watching QuantumScape (QS):

  • Huge 4-week run on solid-state battery hype and tech milestone
  • Massive trading volume and elevated short interest
  • Earnings could validate—or unravel—the recent rally

Despite no current revenue or confirmed deals, the excitement around battery innovation continues to attract speculative money. QS is a battleground stock now — bulls want the breakout to hold, bears see a failed hype cycle. The next few days will tell.

Bottom Line

These aren’t investments — they’re setups. Each of these stocks is moving on narrative, sentiment, and short-term catalysts. Whether you’re trading breakouts, pullbacks, or volatility itself, know the risks and don’t chase blindly.

If you’re serious about learning how to trade plays like these — not just follow them — apply for my Trading Challenge.

 


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Author card Timothy Sykes picture

Tim Sykes

Head Writer at TimothySykes.com, Lead Mentor at the Trading Challenge
In his 20-plus years of trading, Tim has made $7.9 million. In his 15-plus years of teaching, Tim’s Trading Challenge has produced over 30 millionaire students. His philosophy emphasizes small gains and cutting losses quickly.
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In this article (YTD Performance)


* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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