what meme stock is next

by Sonia Moore Published 2 years ago Updated 2 years ago

What is the next best meme stock?

The Best Meme Stocks to Buy

Amazon (NASDAQ:AMZN)
Meta Platforms (NASDAQ:FB)
Tesla (NASDAQ:TSLA)
Apple (NASDAQ:AAPL)
Snowflake (NYSE:SNOW)
Palantir (NYSE:PLTR)
SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

Mar 10, 2022

What is a new meme stock?

Meme stocks are the shares of companies that have seen a recent surge in viral activity, which is usually fuelled by online social media platforms such as Reddit and Twitter. The buzz over a particular stock prompts retail traders to buy the stock with the knowledge that its share price will likely rise.

Are meme stocks still a thing?

It looks like meme stocks are back. GameStop surged 25% Monday on its way to a 10-day winning streak, its longest in 12 years. Fellow retail favorite AMC Entertainment surged 45% as investors rolled back the clock to 2021 and the original meme-stock frenzy.Mar 29, 2022

What are these meme stocks?

A meme stock refers to the shares of a company that have gained a cult-like following online and through social media platforms.

Is NIO a meme stock?

Meme Stocks: Nio (NIO)Mar 11, 2022

Is BlackBerry a meme stock?

Canadian cybersecurity company BlackBerry (BB) - Get BlackBerry Limited Report has been one of the most talked-about stocks among the Reddit investing community. Just over a year ago, the stock was heavily influenced by "meme mania." Its 52-week high is around $20, but today, it's valued at less than $7 per share.Mar 8, 2022

Is AMC set up for a short squeeze?

In the case of AMC, current short interest levels are considered high and unusual enough for a short squeeze to occur. The latest AMC short interest figures show that about 21% of the float is currently being shorted.Feb 16, 2022

How big is the meme market?

These unique assets (hence the term “non-fungible”) have amassed a marketplace worth an estimated $40 billion.Feb 15, 2022

What are hedge funds buying?

A hedge fund's investment universe is limited only by its mandate. A hedge fund can basically invest in anything—land, real estate, stocks, derivatives, and currencies. Mutual funds, by contrast, stick to stocks or bonds and invest for the long term.

Should I invest in meme stocks?

The big risk of investing in meme stocks is that you could lose most or all of the money you invest in them. But there's also the possibility that you'll earn huge profits -- in which case, the IRS is going to demand a cut. Traders are attracted to meme stocks by the chance for astronomical short-term returns.Oct 18, 2021

Who is the father of memes?

The term meme was introduced in 1976 by British evolutionary biologist Richard Dawkins. He conceived of memes as the cultural parallel to biological genes and considered them as being in control of their own reproduction.

Is Pltr a meme stock?

Palantir has evolved from a popular meme stock to an innovative, long-term investment idea. Software platform company Palantir Technologies (PLTR 8.20%) is a popular name among retail investors, who own most of its shares, compared to just 35% ownership by institutions and hedge funds.Feb 4, 2022

Reddit's retail investors may soon be swooning over this under-the-radar trio of heavily short-sold companies

A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @AMCScam

Meme stocks come into focus

While not an all-encompassing description, retail investors from Reddit and other social media chatrooms have been banding together and seeking out stocks with high levels of short interest. Since a large percentage of short-sellers are institutional investors or hedge funds, the rise of the retail investor has taken on the feel of a David vs.

Blink Charging

First up is electric-vehicle (EV) charging products and services network Blink Charging ( NASDAQ:BLNK).

Dave & Buster's

Although it's been off the radar on the WallStreetBets chat boards, entertainment and dining chain Dave & Buster's ( NASDAQ:PLAY) may well be the next meme stock. If anything, the company's ticker symbol (PLAY) is the perfect kick-starter for retail investors.

Intercept Pharmaceuticals

It's also possible that small-cap biotech stock Intercept Pharmaceuticals ( NASDAQ:ICPT) becomes the next Reddit meme stock.

Top meme stocks now

Retail investors are always searching for stocks to send "to the moon." Below are some of the hottest names that social media users are buzzing about during the week of September 6.

How to trade meme stocks

Trading meme stocks isn't as simple as it sounds. It takes hours to surf through Reddit forums for the next trendy stock, and it requires a huge, carefully coordinated online movement to send individual stocks spiking.

How the meme stock movement began

GameStop is widely considered to be the first meme stock. The long-beleaguered video-game retailer suffered for years as its sales were cannibalized by e-commerce giants like Amazon and by the video-game industry's shift to online games. Its C-suite became a revolving door for executives: Three different CEOs led the firm in 2018 alone.

What to know about the dangers of meme stocks

If getting rich off meme stocks were easy, thousands of Redditors would be millionaires.

How to find the next meme stock

It’s actually not too difficult to identify potential meme stocks, says Matthew Tuttle, chief executive of Tuttle Capital Management, which recently launched the FOMO ETF, a fund attempting to actually capitalize on the hype around meme stocks while limiting risk.

Are meme stocks scams?

Investors are always told to be on the lookout for pump-and-dump schemes in which fraudsters create a buying frenzy around a stock by spreading false or misleading information, then sell their shares once the price has been jacked up.

Should you invest in meme stocks?

If you still want to try to take advantage of the meme stock frenzy, you can do it responsibly.

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