Let them eat tech! Meme stock mania may be dying down Short week - July 3rd 1/2 day, July 4 - closed - July 5? How About those Florida Panthers? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Let them eat tech! - Meme stock mania may be dying down - Short week - July 3rd 1/2 day, July 4 - closed - July 5? - How About those Florida Panthers? Market Update - Heavily weighted toward 10 stocks - breath sucks - Seeing slowdown in consumer confidence and holding steady on most economic reports - Some concerns mounting about Russia - Stress Tests - Anyone Surprised? Russia Issues - NATO wants to put a senior civilian official in Kyiv, Ukraine - Market was a little concerned about this - as new broke, selling occurred (for about 5 minutes) HA! Play with Fire - Keith Gill, the investor known as "Roaring Kitty" who helped spur the meme stock mania of 2021, was sued by GameStop investors who said they lost money through his "pump-and-dump" scheme for the videogame retailer. - A proposed class action accusing Gill of securities fraud was filed on Friday in the Brooklyn, New York federal court. - Investors led by Martin Radev, who lives in the Las Vegas area, said Gill manipulated GameStop securities between May 13 and June 13 by quietly accumulating large quantities of stock and call options, and then dumping some holdings after emerging from a three-year social media hiatus. More Kitty Hoo-Haa - Shares of Chewy popped in the premarket trading Monday after a Securities and Exchange Commission filing showed meme stock trader "Roaring Kitty" took a stake in the pet food e-commerce retailer. - The filing showed Keith Gill bought just over 9 million shares — amounting to a 6.6% stake in the company. That makes him the third-biggest Chewy shareholder, according to FactSet. Based on Friday's close, that stake is valued at more than $245 million. - Stock was initially p 16% in premarket (that is after some wild swings last week) ---- Close DOWN 6% on the day after that initial pop - This guy is up Ryan Cohen's butt pretty far.. Chipotle Split Update - Trading near a post-split low - Stock initially moved higher toward $68 then reverses hard over the past few sessions, trading near $60 - This is important as investors may not just run into split announcements after this performance. ---- Or people are finally agreeing with JCD on the lack of taste? Boeing - Boeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the plane maker has said will improve safety and quality control. - It said it agreed to pay $37.25 a share in Boeing stock for Spirit, giving the aerospace company an equity value of $4.7 billion. Including Spirit’s debt the deal has a transaction value of $8.3 billion Boeing said. Spirit’s shares closed Friday at $32.87 a share, giving it a market capitalization of about $3.8 billion. ---- MORE: U.S. prosecutors plan to seek a guilty plea from Boeing over a charge tied to two fatal crashes of 737 Max planes, attorneys for the victims' family members said Sunday, blasting a potential agreement as a "sweetheart deal." - The DOJ said in May that it was reviewing whether Boeing violated a 2021 settlement that protected Boeing from federal charges. The company agreed to pay a $2.5 billion penalty for a conspiracy charge tied to the 2018 and 2019 crashes of its best-selling 737 Max planes, which killed all 346 people on the two flights. OIL! - Breaking out -- Concerns over supply issues due to Houthi rebels droning Suez Canal --- Hurricane season hitting early - EARLIEST Cat4 on record happening now!