what meme stock to buy

The Best Meme Stocks (Ranked)

• 1. GameStop (GME) GameStop is a brick-and-mortar retailer that sells video games, consumer electronics, and gaming...
• 2. AMC (AMC) AMC Entertainment Holdings, Inc. is the largest movie theatre chain in the world. It was founded in 1920...
• 3. BlackBerry (BB) Before Apple ( AAPL) and Google ( GOOG ), BlackBerry was the most prominent...
• 8. Dogecoin

Full Answer

What meme stocks are trending?

Video game retailer GameStop was the original Reddit meme stock. GameStop entered 2021 as one of the most heavily shorted stocks in the entire market. WallStreetBets traders recognized the opportunity and piled into GameStop, sending the stock soaring from less than $15 to as high as $483 per share in the opening weeks of 2021.

What will be the next big meme stock?

While GameStop’s reign as king of the meme stocks doesn’t seem like it’s likely to end anytime soon, the r/WallStreetBets crowd on Reddit is always looking for the next big thing ... which tracks stock ticker mentions in the forum.

How to follow meme stocks?

The stock is trading at seven times its price at the start of last year. Other meme stocks have fared worse, with favored retailers especially lagging the broader market. Higher interest rates often correlate with lower valuations for riskier assets, with investors fleeing meme stocks, cryptocurrencies and the electric-vehicle sector.

What are Reddit meme stocks?

several fans of the meme stock took to Reddit to share their recent gains. On Wednesday, one Redditor excitedly posted about a recent purchase of AMC stock by investment giant, Vanguard Group.

What is meme stock?

When did meme stocks come out?

How does meme stock affect the price of a stock?

What is a stonk?

What is memes in social media?

Does Investopedia include all offers?

Is meme stock a boon?

See more

About this website

Are meme stocks a good investment?

Meme stocks are not good investments because they are very volatile. Traders will find them useful to scalp profits. But investors that have a longer investment horizon will find it tough to keep up with the latest news regarding these stocks.

What are the top 5 meme stocks?

Those looking to bet on meme mania in April may want to pay attention to the Meme ETF's top 5 holdings, in descending order:China-based electric vehicle maker Nio (NIO) - Get NIO Inc. ... GameStop;Trading service Robinhood (HOOD) - Get Robinhood Markets Inc. ... AMC;More items...•

What are the top 10 meme stocks?

Top 10 Meme Stocks of 2021 and How They'll Fare in 2022GameStop (NYSE:GME)AMC Entertainment (NYSE:AMC)BlackBerry (NYSE:BB)Clover Health (NASDAQ:CLOV)Zomedica (NYSE:ZOM)Sundial Growers (NASDAQ:SNDL)Bed Bath & Beyond (NASDAQ:BBBY)Tesla (NASDAQ:TSLA)More items...•

What stocks are considered meme?

Meme stock examplesAMC Entertainment Holdings Inc. (AMC).Blackberry Ltd. (BB).Bed Bath & Beyond Inc. (BBBY).Express Inc. (EXPR).Koss Corp. (KOSS).Nokia Corp. (NOK).Robinhood Markets Inc. (HOOD).Vinco Ventures Inc. (BBIG).

What is the meme stock boom?

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.

Is Palantir a meme stock?

Alex compares Palantir (PLTR) to other meme stocks and George says Palantir (PLTR) is evolving from a popular meme stock to more of a long-term investment mostly because it is growing year over year at a profitable clip.

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.

Whats the hottest stock right now?

Most ActivesCompanyPrice% ChangeXOM Exxon Mobil Corp86.12-5.77%VICI VICI Properties Inc28.81+0.17%WFC Wells Fargo & Co38.48+2.20%MRO Marathon Oil Corp24.15-5.88%6 more rows

Are meme stocks real?

Meme stocks are shares of companies around which online communities have formed to promote and build narratives. Meme stocks, in their present form, arose in the year 2020 out of the subreddit r/wallstreetbets.

Is NIO a meme stock?

Meme Stocks: Nio (NIO)

How are meme stocks chosen?

A meme stock's clout grows on social media, which means it stems from social sentiment. There's a social sentiment indicator in the stock market that helps investors determine how a particular company is performing in terms of popularity. The indicator requires data from social media and businesses to build the charts.

Is GameStop a meme stock?

GameStop is the mother of all meme stocks. In fact, it was the stock that kicked off the whole meme frenzy. For most of 2020, GameStop was trading for less than $5 per share, and it looked like the COVID pandemic would destroy the retailer for good. But then Ryan Cohen, the founder of Chewy (CHWY) - Get Chewy Inc.

What Are Meme Stocks? | The Motley Fool

Meme stocks like GameStop took off in 2021, and they're showing no signs of stopping. Learn about what meme stocks are, how they work, and if they're a good investment option for you.

Meme stocks: What are they and why you should be careful buying them - CNBC

Meme stocks turned some investors into millionaires during the pandemic, but here's why your money is better off invested elsewhere.

wallstreetbets_ - reddit

Buff Shib Token is a community driven meme token created by fans of the Shiba Inu Token. The biggest feature that distinguishes Buff Shib Token from other meme tokens is that it is completely community-oriented.

TipRanks | Stock Market Research, News and Analyst Forecast.

TipRanks stock market research and analysis, lets you see the track record and measured performance of any analyst or blogger, so you know who to trust!

Meme Stocks: Affirm (AFRM)

Financial technology (fintech) company Affirm focuses on providing “buy now, pay later” (BNPL) services through its digital commerce platform. Its portfolio is comprised of a point-of-sale (PoS) payment offering, merchant commerce solutions and a consumer app.

Beyond Meat (BYND)

El Segundo, California-based Beyond Meat is the leading provider of plant-based meat substitutes for products such as burgers, sausage, ground beef and chicken. Management released Q2 results in early August.

Meme Stocks: Root (ROOT)

Columbus, Ohio-based Root owns Root Insurance, a technology platform operating with a direct-to-consumer model. It acquires most of its personal insurance customers through mobile applications.

SmileDirectClub (SDC)

Nashville, Tennessee-based SmileDirectClub sells dental aligners, impression kits, whitening gel and retainers. The company achieved considerable progress on brand perception, marketing a lower-cost alternative to Align Technology’s (NASDAQ: ALGN) Invisalign brand of clear aligners.

Meme Stocks: Sundial Growers (SNDL)

Canadian cannabis group Sundial Growers markets premium cannabis for the adult-use market. It released Q2 results in mid-August.

SunPower (SPWR)

San Jose, California-based SunPower is focused on fully integrated solar energy generation and storage technology. French oil giant TotalEnergies (NYSE: TTE) is a majority shareholder.

Meme Stocks: VanEck Vectors Social Sentiment ETF (BUZZ)

The VanEck Vectors Social Sentiment exchange-traded fund (ETF) tracks retail investor sentiments from online sources and then invests in U.S.-based stocks making the headlines. The fund is appealing to investors interested in meme stocks and related retail trader activity.

What is a Meme Stock?

The evolutionary biologist Richard Dawkins popularized the term “meme” in his 1976 book The Selfish Gene.

The Best Meme Stocks (Ranked)

Before we jump into the best meme stocks, we must clarify the title of this article.

What Will Be The Next Meme Stock?

As previously mentioned, it’s impossible to know which stock will become the next meme stock, but this doesn’t stop institutions from allocating millions to find out.

Bottom Line: Best Meme Stocks

This is not the same meme market that existed during the first GameStop squeeze.

What is meme stock?

A meme stock refers to the shares of a company that have gained a cult-like following online and through social media platforms. These online communities can go on to build hype around a stock through narratives and conversations elaborated in discussion threads on websites like Reddit and posts to followers on platforms like Twitter and Facebook.

When did meme stocks come out?

Meme stocks, however, didn't truly emerge until the year 2020 via the Reddit forum r/wallstreetbets. Unlike its predecessors and other investing message boards, WallStreetBets became known for its unconventional and often irreverent tone. In this and other forums that have popped up since, users work together to identify target stocks and then promote them, while also putting their own money to work. Unlike online pump-and-dump schemes aimed at defrauding unwitting investors, the stock promotion of meme stocks largely involves buying and holding with "strong hands" even after the prices of such a stock spikes.

How does meme stock affect the price of a stock?

Meme stock communities can thus greatly influence the prices of those shares through coordinated efforts to, for example, initiate short squeezes in heavily shorted names. As a result, meme stocks can become apparently overvalued relative to their fundamentals yet remain elevated for prolonged periods of time as members of the meme stock community keep their prices propped up.

What is a stonk?

Stonks: An ironic misspelling of the word "stocks." This meme predates wallstreetbets and often depicts a crudely designed bald man in a suit staring blankly at an arrow pointing upwards in price.

What is memes in social media?

A meme is an idea or some element of popular culture that spreads and multiplies across the minds of human beings. Memes gained increasing prevalence and relevance as the internet and social media grew, allowing people to rapidly spread humorous, interesting, or sarcastic videos, images or posts to others around the world. The rapid and multiplicative effect of sharing such posts could make them go " viral ."

Does Investopedia include all offers?

This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Is meme stock a boon?

While meme stocks have been a boon to individual investors , day traders, and brokerage platforms, companies too have capitalized (quite literally) on the meme stock phenomenon. As a result of sky-high prices and persistent demand for shares among individual investors, AMC Theaters CEO Adam Aron took advantage of the elevated valuation and engaged in a series of secondary (follow-on) offerings in 2021, raising more than $1.5 billion in Q1 of that year from voracious meme stock buyers. 4

What is meme stock?

Thus, a meme stock is a shared investing idea imitated by other investors.

Why do meme stocks go up?

Simply put, meme stocks skyrocket in price in a short period (often hours or days) because of a sudden surge in interest online or on social media and subsequent buying among small individual investors. These short-term surges can often reverse course just as quickly, though, making meme stocks far more volatile than average stock market moves.

What happens if a company suddenly becomes meme stock?

If a company has suddenly reached meme stock status and management has yet to comment on what it will do with its newfound strength, a business benefiting from strong secular growth trends (such as technology) would be an added bonus.

What is a good company?

A company with great fundamentals such as stable or growing revenue, healthy profit margins, and a solid balance sheet (e.g., more cash and equivalents than debt).

Why are short term stock prices unpredictable?

Short-term stock prices are driven by supply and demand, so price moves are unpredictable and can lead to quick losses.

When did the meme start?

The meme stock movement unofficially started in the summer of 2020 when most people were stuck at home during the first few months of the pandemic. Looking for something to do and a way to turn some of that extra free time into money, many people turned to the stock market and social media for ideas.

Is meme stock volatile?

Bear in mind that meme stocks can be especially volatile, so plan accordingly and be prepared to continue investing more over time.

What is meme stock?

A meme stock refers to the shares of a company that have gained a cult-like following online and through social media platforms. These online communities can go on to build hype around a stock through narratives and conversations elaborated in discussion threads on websites like Reddit and posts to followers on platforms like Twitter and Facebook.

When did meme stocks come out?

Meme stocks, however, didn't truly emerge until the year 2020 via the Reddit forum r/wallstreetbets. Unlike its predecessors and other investing message boards, WallStreetBets became known for its unconventional and often irreverent tone. In this and other forums that have popped up since, users work together to identify target stocks and then promote them, while also putting their own money to work. Unlike online pump-and-dump schemes aimed at defrauding unwitting investors, the stock promotion of meme stocks largely involves buying and holding with "strong hands" even after the prices of such a stock spikes.

How does meme stock affect the price of a stock?

Meme stock communities can thus greatly influence the prices of those shares through coordinated efforts to, for example, initiate short squeezes in heavily shorted names. As a result, meme stocks can become apparently overvalued relative to their fundamentals yet remain elevated for prolonged periods of time as members of the meme stock community keep their prices propped up.

What is a stonk?

Stonks: An ironic misspelling of the word "stocks." This meme predates wallstreetbets and often depicts a crudely designed bald man in a suit staring blankly at an arrow pointing upwards in price.

What is memes in social media?

A meme is an idea or some element of popular culture that spreads and multiplies across the minds of human beings. Memes gained increasing prevalence and relevance as the internet and social media grew, allowing people to rapidly spread humorous, interesting, or sarcastic videos, images or posts to others around the world. The rapid and multiplicative effect of sharing such posts could make them go " viral ."

Does Investopedia include all offers?

This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Is meme stock a boon?

While meme stocks have been a boon to individual investors , day traders, and brokerage platforms, companies too have capitalized (quite literally) on the meme stock phenomenon. As a result of sky-high prices and persistent demand for shares among individual investors, AMC Theaters CEO Adam Aron took advantage of the elevated valuation and engaged in a series of secondary (follow-on) offerings in 2021, raising more than $1.5 billion in Q1 of that year from voracious meme stock buyers. 4