Wall Street Bets is a popular online forum where investors share stock tips and discuss financial news. In recent months, the site has become known for its love of so-called “meme stocks.” These are stocks that have become popular due to their ties to buzzworthy companies or trends.
These companies have all seen their stock prices rise in recent months thanks to the endorsement of Wall Street Bets. However, it’s important to remember that these stocks are often highly volatile, so investors should tread carefully before diving in.
Here is a list of some of Wall Street Bets (WSB) top meme stocks:
- AMC (NYSE: AMC)
- Bed Bath & Beyond (NASDAQ: BBBY)
- Blackberry (NYSE: BB)
- Game Stop (NYSE: GME)
- Clover Health (NASDAQ: CLOV)
- Plantir (NYSE: PLTR)
- Virgin Galatic (NYSE: SPCE)
- Tilray (NASDAQ: TLRY)
- Wish – Context Logic (NASDAQ: WISH)
- Lucid Motors (NASDAQ: LCID)
- SoFI (NASDAQ: SOFI)
What is Wall Street Bets (WSB)?
Wall Street Bets is an online forum on Reddit where investors share stock tips and discuss financial news. The site has become especially popular in recent months due to its focus on so-called “meme stocks.” These are stocks that have become popular due to their ties to buzzworthy companies or trends. Some of the most popular meme stocks include AMC Entertainment, GameStop, Bed Bath & Beyond, Clover Health, and Wish. These companies have all seen their stock prices rise in recent months thanks to the endorsement of Wall Street Bets.
One of the most famous Wall Street Bets stock plays was Game Stop. Amateur investors from Reddit group WallStreetBets began buying up shares of GameStop that they believed were undervalued to drive up stock prices to score profits for themselves, and at the same time, force the establishment investors to abandon bearish bets against struggling companies such as GameStop.
What are some of the most popular meme stocks?
Some of the most popular meme stocks include AMC Entertainment, GameStop, Bed Bath & Beyond, Clover Health, and Wish. These companies have all seen their stock prices rise in recent months thanks to the endorsement of Wall Street Bets.
Why are these stocks so volatile?
These stocks are often highly volatile because they are driven by hype and speculation rather than fundamental investment principles. This means that their prices can rise and fall very rapidly, and investors could lose a lot of money if they don’t tread carefully.
How to track Meme Stocks Online?
One way to track meme stocks is through WallStreetBets on Reddit. You can also find lists of popular meme stocks online, including on sites like MarketWatch and Investopedia. There are multiple places where people can trade stocks like Robinhood, eTrade, and other online brokerages.
What are some risks associated with investing in meme stocks?
Some risks associated with investing in meme stocks include the possibility of losing money, as well as the potential for fraud. For example, there have been reports of people creating fake WallStreetBets accounts in order to artificially pump up stock prices. This can lead to investors buying shares at inflated prices and then losing money when the bubble bursts. It’s important to be aware of these risks before investing in any stock, but especially volatile meme stocks.
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