These stocks are considered Reddit Stocks


Reddit stock is a thing, users on Reddit have  forum where they discuss certain stocks, and then the stock becomes popular. In some cases the price goes up, in some cases, nothing happens.  Reddit is a social news aggregation, web content rating, and discussion website based in the United States. Registered members add links, text articles, photographs, and videos to the site, which are subsequently voted up or down by other members.

According to Alexa Internet, Reddit is the 19th most-visited website in the world and the 7th most-visited website in the United States as of September 2021.

In 2021, Reddit became an odd stock trading hotspot. Targeted buying campaigns in some of the market's most actively shorted companies were organized by groups of traders in Reddit's WallStreetBets community. The subsequent volatility drove meme stock share prices to rise, resulting in temporary trading restrictions and even a congressional hearing. In March, several of the most popular meme stocks resurfaced, but the associated volatility is not for the faint of heart. According to social media tracking company Swaggy Stocks, here are a few Reddit stocks generating the most talk on WallStreetBets and should be on your mind also:

GameStop Corporation (ticker: GME): is a company that sells video games. The WallStreetBets short squeeze play has made GameStop the poster child. While the company's core business continues to struggle, the stock resurfaced in late March after activist investor and chairman Ryan Cohen purchased additional 100,000 shares and the company issued a new stock split proposal. GameStop's revenue peaked in 2012 and had been slowly declining even before the 2020 store closures. The corporation posted a $147.5 million net loss in the most recent quarter, and its long-term turnaround strategy remains a mystery. Traders on Reddit don't appear to mind. They simply enjoy the stock.

Tesla Inc. (TSLA): Tesla and its controversial CEO Elon Musk are virtually always trending on social media, and Tesla bulls had a fantastic month in March. Tesla stock has risen about 30% in the last month, owing to a new filing indicating that Tesla shareholders will vote on a new stock split at the company's forthcoming annual meeting. Since the company's previous stock split in August 2020, Tesla shares have more than doubled in value. Stock splits, on the other hand, have no inherent value, therefore Tesla bears are reasonably skeptical of the stock's sharp rise following the filing. The split appears to be popular among Reddit traders.

AMC Entertainment Holdings Inc. (AMC): AMC's movie theater business was totally shut down in 2020 due to social estrangement, putting the corporation at risk of financial collapse in early 2021. However, WallStreetBets made the hashtag #saveAMC popular on Twitter, and AMC used its surging stock price to raise hundreds of millions of dollars in badly needed cash. AMC's stock has soared in recent weeks after the business revealed an unusual investment in penny stock gold and silver miner Hycroft Mining Holding Corp. (HYMC). Why would a movie theater invest in a struggling miner? WallStreetBets doesn't think so. The AMC "ape army," as some ardent investors refer to it, is still positive.

Tilray Brands Inc. (TLRY): Tilray, a Canadian legal cannabis manufacturer, merged with Aphria last year, becoming Tilray the world's largest cannabis company. Tilray's stock rose from less than $20 to more than $60 in a couple of days thanks to WallStreetBets traders in February 2021. While TLRY stock has since risen to around $8 per share, Reddit's interest in Tilray has lately resurfaced following the United States' decision to ban the company. On April 1, the Marijuana Opportunity Reinvestment and Expungement Act, also known as the MORE Act, was enacted by the House of Representatives, decriminalizing marijuana. Unfortunately, according to some experts, the bill will almost certainly die in the Senate. On April 6, the stock received another bump after the firm reported an unexpected quarterly profit and announced a contract with retail chain Whole Foods to sell hemp products developed by subsidiary Manitoba Harvest.

Apple Inc. (AAPL): Apple has been one of the most reliable blue-chip technology stocks over the last decade. Apple will continue to confront supply chain interruptions and geopolitical concerns in Asia, where the great majority of its suppliers are situated, in the near future. Apple, on the other hand, recorded 9% year-over-year growth in iPhone revenue, 24% growth in services, 13% growth in other goods, and a stunning $34.6 billion in net income in the most recent quarter, confirming its world-class business model once again. Apple may no longer be the high-flying narrative stock it once was, but it has Reddit traders excited.

Advanced Micro Devices Inc. (AMD): Advanced Micro Devices, a chipmaker, is involved in some of the most important and fastest-growing tech industries, such as PC gaming, data centers, and driverless vehicles. Over the last ten years, the company's explosive sales growth has delivered an amazing 1,200 percent return for investors. Despite supply chain problems, AMD just announced a 48.7% increase in revenue in the fourth quarter. As AMD pushes to ship out cutting-edge CPUs in 2022, Reddit investors appear to expect that AMD will continue to win market share from Intel Corp. (INTC) for the foreseeable future. AMD's steep 10.7 price-to-sales ratio hasn't discouraged Reddit traders.

Nvidia Corp. (NVDA): Nvidia's stock has risen more than 70% in the last year as investors gambled on the company's processing power. Although Reddit and Wall Street experts don't always agree, CNN reports that 37 of the 44 analysts monitoring the stock rate Nvidia as "buy" or "outperform." Ivan Feinseth, a Tigress Financial analyst, was the latest to lift the price target for Nvidia from $400 to $410 on March 29. Nvidia is "the world's premier AI (artificial intelligence) processing supplier," according to Feinseth, and its Omniverse products and graphics processing units will aid in the adoption of the metaverse, or interconnected virtual online environments where people live, work and play.

BlackBerry Ltd. (BB): BlackBerry has made a difficult transition from its traditional smartphone business to enterprise security and software. BlackBerry is selling non-core intellectual assets in order to raise funds for future initiatives. BlackBerry is still trying to right the ship after years of negative growth, recently posting a 12% revenue fall in the fourth quarter and missing analyst expectations with its fiscal 2023 sales outlook. Despite its popularity as a WallStreetBets joke stock, BlackBerry has had little success in the past decade, despite repeated business model pivots, and still has a lot to prove to long-term investors.

Microsoft (MSFT): Microsoft has built a reputation for creating and implementing technology that makes people's jobs easier.

It has a long history of developing goods and services that have altered people's working, living, and playing habits. From PCs and smartphones to Windows and Azure, Microsoft is continually on the cutting edge of technology. Its most recent changes have given us a glimpse into the future. It has shifted its focus to enterprise software and cloud computing, as well as its business model. Microsoft is also investing in AI technology to improve the efficiency and effectiveness of its products.

Overall, Microsoft has a solid track record in which you may put your money without fear of losing it. It's also a safe bet because it's been operating for decades and has a good reputation.

With the information provided above, you can decide to invest in any of these firms' stocks and earn a significant return on investment.

Reddit stocks list will continue to grow as users on the platform decides to tag team on stocks that they feel have some upside potential.  

Funsho Oke also contributed to this article. 

Note: This is not investment advice, do your due diligence before investing in any stock.


Be the first to comment!

You must login to comment

Related Posts