Double-Digit Winners: 10 Stocks Crushing The Market

2. Oscar Health, Inc. (NYSE:OSCR)

Oscar Health jumped by 52 percent week-on-week, finishing at $21.22 versus the $13.95 on June 13, with analysts naming it a meme stock amid the lack of clear catalysts to boost buying appetite.

Last week’s shortened trading saw Oscar Health, Inc. (NYSE:OSCR) trade higher for four consecutive days, reflecting strong investor confidence amid macroeconomic uncertainties.

Additionally, sentiment may have been supported by a new proposal for the Medicare Advantage, called “Part E,” that would allow individuals and employers to enroll voluntarily.

While this would heighten competition with private insurers, the voluntary enrollment could potentially delay or prevent Medicare’s sooner-than-expected insolvency, and indirectly benefit Oscar Health, Inc. (NYSE:OSCR) and other private insurers.