How authentic is the Hadith, "The best of names are those that are praised and those that are worshipped," and does the name "Hamad" fall under "that which is praised"?

This statement is famous but has no basis, and attributing it to the Prophet is incorrect. There is nothing authentic regarding the virtue of being named Ahmad or Muhammad.

The word (Hamd) with a silent or open mim (M) would fall within the intended meaning of the word (Hamd) in the mentioned statement, if it were authentic.