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<ul class="summary-list"><li><keyword id="1826689" type="COMPANY" weightage="60" keywordseo="Microvision">MicroVision</keyword> spiked 32% Monday to more than a two-month high as chatter on Wall Street Bets spiked. </li><li>An analyst said MicroVision was Reddit's "new flavor of the month," pointing to the stock's performance since the middle of last week.</li><li>He added though that he doubts MicroVision will become the next <keyword id="363661" type="COMPANY" weightage="60" keywordseo="GameStop">GameStop</keyword>.</li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/mvis-stock">MicroVision</a> spiked 32% Monday to more than a two-month high as social media chatter on Reddit gathered steam.MicroVision rose to a high of $23.85, marking a 32% rise Monday. It was last at $22.93 around 1:06 p.m. ET, up around 28%.MicroVision in the last 24 hours was the most mentioned stock in the popular Wall Street Bets forum, according to data from <a href="https://www.benzinga.com/news/21/04/20784212/microvision-becomes-new-wallstreetbets-favorite-what-you-need-to-know">Quiver Quantitative's tracker</a>, first cited by Benzinga.Among the trending posts was <a href="https://www.reddit.com/r/wallstreetbets/comments/myoyfb/14m_all_in_mvis_yolo_thursday_lidar_update/">one</a> posted early Monday morning with over 1,000 upvotes - Reddit's equivalent of likes on other social media - talking about the company's <a href="https://markets.businessinsider.com/news/stocks/microvision-stock-price-skyrockets-lidar-tech-self-driving-cars-2021-2-1030073184">patented Lidar technology</a> for autonomous vehicles. <a href="https://www.reddit.com/r/wallstreetbets/comments/mykdxp/microvision_is_the_future/">Three</a> <a href="https://www.reddit.com/r/wallstreetbets/comments/mypzdd/mvis_been_on_the_mvis_yolo_game_for_a_while_with/">other</a> <a href="https://www.reddit.com/r/wallstreetbets/comments/myoyfb/14m_all_in_mvis_yolo_thursday_lidar_update/">posts</a> with an average of over a thousand upvotes each also mention buying the stock. Edward Moya, senior market analyst at Oanda, called MicroVision the forum's "new flavor of the month," pointing to the stock's performance since the middle of last week."MicroVision's four-day rally eerily resembles what happened with GameStop months ago," Moya told Insider. "Potential takeover interest and the possibility of a short squeeze has given this stock enough juice to make a run towards the record highs seen in February."Moya did clarify that he does not think MicroVision will be the next GameStop, which individual investors in January pushed to intraday highs over $450 from around $20 before the frenzy.While the volume is there to squeeze some shorts, the senior analyst said MicroVision is missing one vital ingredient that the video game retailer had."MicroVision lacks a leader for this stock and since they don't have a '<keyword id="10687869" type="UNKNOWN" weightage="60" keywordseo="roaring-kitty">Roaring Kitty</keyword>' leading the social media buzz, I remain skeptical that this momentum can persist for much longer," he told Insider.<a href="https://markets.businessinsider.com/news/stocks/gamestop-stock-guru-roaring-kitty-keith-gill-q1-portfolio-gain-2021-4-1030268270">Roaring Kitty,</a> whose real name is <a href="https://markets.businessinsider.com/news/stocks/gamestop-investor-deepfuckingvalue-roaring-kitty-reddit-stocks-wall-street-2021-1-1030022004?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Keith Gill</a>, is the amateur investor who became the unofficial figurehead of the GameStop <a href="https://markets.businessinsider.com/news/stocks/reddit-day-traders-wallstreetbets-gamestop-gme-rally-upending-stock-market-2021-1-1030009280?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">short squeeze.</a>Wall Street Bets has been responsible for the jump in the number of "meme stocks", from GameStop to AMC Entertainment earlier this year. The phenomenon illustrated the growing power of retail investors, but also the power of a community mentality that can push stocks higher absent of any fundamental reasoning. MicroVision is scheduled to report first-quarter earnings this Thursday, April 29.

MicroVision spikes 32% as the stock becomes the most mentioned name on Reddit's Wall Street Bets in a 24 hour period

<ul class="summary-list"><li><keyword id="1826689" type="COMPANY" weightage="60" keywordseo="Microvision">MicroVision</keyword> announced progress on its Long-Range <keyword id="1522310" type="ORGANIZATION" weightage="60" keywordseo="LiDAR">Lidar</keyword> (LRL) Sensor on Thursday causing share prices to soar.</li><li>The company says it will meet its April milestone of completing A-Samples of the LRL Sensor.</li><li>Sumit Sharma MicroVision's CEO says the company expects its censors to meet or exceed OEM requirements.</li><li>MicroVision's stock has appreciated 1225% in the past six months causing short-sellers to take note.</li></ul><a href="https://markets.businessinsider.com/stocks/mvis-stock">MicroVision</a> stock skyrocketed as much as 50% on Thursday after the company announced it has made significant progress on its patented Lidar technology for autonomous vehicles.MicroVision said it received the necessary components and equipment to meet its April milestone of completing A-Samples of its Long-Range Lidar (LRL) Sensor and it started outdoor testing of key performance features on its development platform."We expect MicroVision's Long-Range Lidar Sensor, (LRL Sensor) which has been in development for over two years, to meet or exceed requirements established by OEMs for autonomous safety and autonomous driving features," said Sumit Sharma, Chief Executive Officer of MicroVision.MicroVision's CEO also said he expects his company's first generation Lidar sensor to have a range of 250 meters and "the highest resolution at range of any lidar with 340 vertical lines up to 250 meters, 568 vertical lines up to 120 meters, and 944 vertical lines up to 60 meters."Read more: <a href="https://www.businessinsider.com/stocks-to-buy-online-retail-pandemic-picks-structural-winners-bofa-2021-2?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">BANK OF AMERICA: Buy these 7 online-retail stocks that are 'structural winners' set to build on strong 2020 gains - including one with 41% upside</a>MicroVision's stock has gained 1,225% in the last six months and over 3,000% throughout the past year. The rapid rise in share prices for a company that doesn't produce any significant revenues caused short-sellers to take notice.In December <keyword id="9916845" type="UNKNOWN" weightage="60" keywordseo="hindenburg-research">Hindenburg Research</keyword> blasted MicroVision calling the company a "corporate husk.""We are short $MVIS. In a market gone mad, this $1.2 billion market cap corporate husk with almost no revenue or intellectual property value is a standout." <a href="https://twitter.com/hindenburgres/status/1341403669162565638?lang=en">Hindenburg Research tweeted</a>. "It has risen 5,000% from lows this year on misguided retail euphoria over its LiDAR IP portfolio amid a broad EV bubble," Hindenburg continued. "No one buys patents these days for any real money unless the patents have been put through the test of at least an IPR, our IP attorney told us."MicroVision claims its Lidar sensors are some of the best, most scalable products in the industry.Read more: <a href="https://www.businessinsider.com/stock-market-outlook-blackrock-investing-advice-covid-pandemic-shifts-sectors-2021-2?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">BlackRock says investors haven't fully priced in the structural changes brought about by the pandemic - and pinpoints 2 areas of the market that can still run for years</a>"We expect the capability of our LRL Sensor to meet or exceed OEM requirements, based on technology we have scaled multiple times over the last decade, as being a very strong strategic advantage," Sharma said. "Additionally, our sensor being designed on scalable silicon wafer and laser diode technologies will be capable of achieving scale at costs below $1,000 ASP, a key price point expected for commercial success," added Sharma.The <a href="https://microvision.gcs-web.com/financial-information/sec-filings?items_per_page=10&amp;page=1ge=1">company posted</a> just $639,000 in revenue during the three months that ended in September and a net loss of $2.8 million.MicroVision traded up 29.57%, at $18.14, as of 3:32 p.m. EST on Thursday.

MicroVision skyrockets 50% after announcing progress on Lidar tech for self-driving cars

<ul class="summary-list"><li>Major <keyword id="2696649" type="PERSON" weightage="60" keywordseo="Wall-Street-brokers">Wall Street brokers</keyword> are tightening rules over who can bet against <keyword id="10688429" type="UNKNOWN" weightage="60" keywordseo="meme-stocks">meme stocks</keyword> that are popular with retail traders, <a href="https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks?sref=GUP2BhaG">according to Bloomberg</a>.</li><li>Goldman Sachs, <keyword id="6374849" type="UNKNOWN" weightage="60" keywordseo="bank-of-america">Bank of America</keyword>, Citigroup, and Jefferies Financial are among the firms that have adjusted risk controls. </li><li>Jefferies Prime Brokerage will no longer offer custody on naked options in AMC Entertainment, GameStop, and MicroVision, the report said. </li></ul>Some of Wall Street's largest brokers are quietly tightening rules on who can bet against meme stocks popular among retail traders in an effort to protect themselves against the fallout from sharp price surges and falls, <a href="https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks?sref=GUP2BhaG">according to a Bloomberg News report</a>. Firms that have adjusted risk controls at their prime-brokerage operations include <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a>, <a href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America</a>, <a href="https://markets.businessinsider.com/stocks/c-stock">Citigroup</a>, and Jefferies Financial Group, the Friday report said, citing people familiar with discussions about internal policy decisions. With the adjustments, some <keyword id="116445" type="COMPANY" weightage="60" keywordseo="Hedge-funds">hedge funds</keyword> and other institutional investors now face higher collateral requirements or are limited from shorting certain stocks. Jefferies Prime Brokerage will no longer offer custody on naked options in <a href="https://markets.businessinsider.com/stocks/amc-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">AMC Entertainment</a>, <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop</a>, and <a href="https://markets.businessinsider.com/stocks/mvis-stock">MicroVision</a>, the firm told clients in a memo seen by Bloomberg News. Naked options allow investors to short a stock without owning the underlying securities. Jefferies will not permit short sales of those securities and other stocks may be added to its list. The changes come during a new wave of rallies among so-called meme stocks including AMC GameStop as retail investors on social media sites such as Reddit's Wall Streets Bets forum band together to force short squeezes on hedge funds that betting shares of the companies will fall. AMC has been the key focus of the latest rally, similar to GameStop's role during a trending frenzy in January. It's not unusual for banks to make risk-control adjustments as market conditions change, the report noted. A number of brokerages have been looking over their risk controls after some large prime brokers in March were f<a href="https://markets.businessinsider.com/news/stocks/doj-opens-probe-archegos-meltdown-led-big-losses-banks-2021-5-1030472431">orced to liquidate at a discount</a> the multibillion-dollar portfolio of Bill Hwang's Archegos Capital Management. The family office collapsed after making wrong-way bets on media and technology companies. Bank of America and Citigroup were not hurt by the Archegos matter, Bloomberg said.

Wall Street brokers are reportedly limiting short bets against meme stocks by hedge funds

<ul><li>The <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword> closed at a record high on Monday, with tech stocks leading the market higher.</li><li>The <keyword id="912180" type="PERSON" weightage="60" keywordseo="Nasdaq-100">Nasdaq 100</keyword> jumped nearly 1% as investors awaited a flood of first-quarter earnings this week.</li><li>One-third of the S&amp;P 500 will report earnings this week, including Tesla, Apple, and Alphabet.</li><li id="recirc"><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestsource=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell.</a></li></ul>The S&amp;P 500 closed at a record high on Monday as investors anticipated a flood of first-quarter earnings set to be released this week, with more than one-third of the S&amp;P 500 reporting earnings. The Nasdaq 100 was up as much as 1%, just below a record high.Megacap technology companies will headline this week's earnings announcements, with <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> announcing after the bell on Monday, and <a href="https://markets.businessinsider.com/stocks/aapl-stock">Apple</a> and Google's parent company, <a href="https://markets.businessinsider.com/stocks/googl-stock">Alphabet</a>, reporting later in the week.Here's where US indexes stood at the 4:00 p.m. ET close on Monday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 4,187.74, up 0.18%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones Industrial Average</a>: 33,981.97, down 0.18% (61.52 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 14,138.78, up 0.87%</li></ul>With Tesla set to report its first-quarter earnings after the close on Monday, <a href="https://markets.businessinsider.com/news/stocks/tesla-q1-earnings-preview-chip-shortage-delivery-guidance-elon-musk-2021-4-1030346826">here's what four Wall Street analysts said they expected</a> to see from the electric-vehicle manufacturer's report.<a href="https://markets.businessinsider.com/news/stocks/microvision-mvis-stock-price-reddit-wall-street-bets-most-mentioned-2021-4-1030347181">MicroVision soared as much as 32%</a> after the stock became the most mentioned name on Reddit's WallStreetBets forum in a 24-hour period.<a href="https://markets.businessinsider.com/news/stocks/copper-prices-highest-level-since-2011-amid-global-economic-recovery-2021-4-1030345960">Copper prices soared on Monday</a>, hitting their highest levels since 2011 as increasing demand to fuel a green-energy future outstripped supply, which has been rattled by the COVID-19 pandemic.Another commodity that continues to surge is lumber, <a href="https://markets.businessinsider.com/news/stocks/lumber-prices-record-high-over-1400-per-thousand-board-feet-2021-4-1030347241">which is up 325% over the past year</a>. That price increase has helped push new-home prices up by $24,000 on average.Bitcoin staged a deep correction over the weekend, falling below the $50,000 level for the first time in months. But buyers stepped in on Monday, <a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-after-hitting-lowest-level-early-march-buying-opportunity-2021-4-1030344222">pushing bitcoin up by more than 10% to $53,000</a>.Oil prices were lower. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> fell 0.3% to $61.93 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, dropped by 0.7% to $65.66 a barrel.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> jumped 0.16% to $1,780.80 an ounce.

S&P 500 hits record and Nasdaq soars ahead of big earnings week for megacap tech

Welcome to 10 Things Before the <keyword id="117488" type="PERSON" weightage="60" keywordseo="Opening-Bell">Opening Bell</keyword>. If this was forwarded to you, <a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">sign up here.</a> Plus, download Insider's app for news on the go - <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8amp;mt=8">click here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider&amp;r[%E2%80%A6]ers%26utm_medium%3Demail%26utm_term%3D06292021%26anid%3Dadmobdmob">here for Android</a>.Let's get into it.1. Gold is working its way back from a flash crash early this morning. US stock futures are also pulling lower on bets the Fed will pull away the stimulus punch bowl. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-us-futures-gold-silver-federal-reserve-jobs-2021-8">Catch up on what's happening on the markets.</a>2. The July jobs report was good. Really good. The stellar numbers suggest that the ongoing labor-market recovery is progressing nicely. Barring obstacles from rising COVID cases, <a href="https://www.businessinsider.com/july-jobs-report-cuts-months-off-economic-recovery-payrolls-outlook-2021-8">the economy may recover four months earlier than originally expected.</a>3. 15-year pro trader Michael Boutros sees considerable volatility ahead for bitcoin. The DailyFX technical strategist breaks down it could surge to $45,000 in the next 2-3 weeks before dropping to the $32,000 to $35,000 range. <a href="https://www.businessinsider.com/bitcoin-price-forecasts-ethereum-altcoins-technical-analysis-sentiment-trader-crypto-2021-8" target="_blank" rel="noopener">Boutros also lays out 3 trades for ethereum</a>.4. On the docket: Aramco, Air Products and Chemicals, and Barrick Gold <a href="https://markets.businessinsider.com/earnings-calendar">reporting.</a>5. Retail traders on Wall Street Bets have set their targets. The driving force behind Gamestop and AMC's recent stock squeezes is now discussing McAfee, Tesla, and MicroVision. <a href="https://markets.businessinsider.com/news/stocks/stocks-trending-reddit-wall-street-bets-top-10-meme-stocks-2021-8">See the rest of the top 10 most-mentioned meme stocks on Reddit.</a>6. Warren Buffett's Berkshire Hathaway got bearish on airlines because of volatility, says American Airlines CEO. Last year, Buffett's firm sold the "Big Four" airline stocks because the pandemic highlighted how volatile the industry is. <a href="https://markets.businessinsider.com/news/stocks/american-airlines-stock-warren-buffett-berkshire-hathaway-doug-parker-pandemic-2021-8" target="_blank" rel="noopener">See why the American Airlines chief said that the company's stock may not be the safest bet right now</a>.7. The crypto market might be heading overseas if the infrastructure bill goes through, says Sam Bankman-Fried. The latest updates to the crypto tax provision may bring changes to big players, including Ethereum. <a href="https://markets.businessinsider.com/news/currencies/sam-bankman-fried-crypto-tax-provision-industry-offshore-infrastructure-bill-2021-8">"So their choices, basically, would be a) shut down [or ] b) move out of of the US," he said.</a>8. Investors are shorting Cathie Wood's ARK Innovation ETF like never before. At present time, $2.7 billion worth of bets are being wagered against Wood's flagship ETF. <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-ark-innovation-etf-short-inverse-tech-stocks-2021-08">Short sellers are now up 7.8% for the year.</a>9. How to mine ethereum. Miners are facing a new reality after a recent network upgrade. A 25-year-old who pays $42 a month in exchange for half an ether monthly <a href="https://www.businessinsider.com/how-to-mine-ethereum-costs-rewards-using-host-eip-1559-2021-8" target="_blank" rel="noopener">explains how he does it</a>.10. Credit Suisse is on the hunt for stocks set to thrive amid falling rates. It arrived at a hybrid model designed to pinpoint names offering both quality and price-sensitive growth. <a href="https://www.businessinsider.com/stocks-to-buy-best-quality-growth-investment-tips-credit-suisse-2021-8" target="_blank" rel="noopener">Here are the 21 the firm says you should buy now</a>.Compiled by Phil Rosen. Feedback? Email <a href="mailto:prosen@insider.com">prosen@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@philrosenn</a>.Sign up for <a href="https://www.businessinsider.com/subscription/newsletter">more Insider newsletters here</a>.

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MicroVision spikes 32% as the stock becomes the most mentioned name on Reddit's Wall Street Bets in a 24 hour period

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MicroVision skyrockets 50% after announcing progress on Lidar tech for self-driving cars

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