what will be the next meme stock

What meme stocks are trending?

Mar 22, 2022 · Another meme stock on the rise in 2022 is Bed Bath & Beyond, a holdings company that specializes in anything related to the home from furnishing to food. Despite its less-than-impressive earnings report in the past year, the company’s stock price rose by 40%, partly due to RC Ventures LLC.

Which stocks are meme stocks?

Mar 10, 2022 · Some meme stocks, like Snowflake and Palantir, are growth stocks. Traditionally, investors only chose to invest in stocks with fast-growing revenues and earnings. These include technology firms ...

Is Nokia a meme stock or much more?

Dec 30, 2021 · Although the meme stocks phenomenon is sagging in popularity, these seven current and/or former Reddit favorites could make another “to the moon” move or two in 2022: Bakkt Holdings (NYSE: BKKT )

How to track meme stocks?

May 08, 2022 · Here's a closer look at three hot meme stocks that actually make good sense as long-term picks. Image source: Getty Images. 1. Tesla. Admittedly, most of the internet's recent memes involving ...

What are the next big meme stocks?

Will meme stocks continue?

What are meme stocks right now?

Is meme stock over?

Will the GameStop squeeze happen?

Is GameStop a meme stock?

Who is the father of memes?

Is NIO a meme stock?

Are meme stocks a good investment?

Is AMC set up for a short squeeze?

Is AMD a meme stock?

Is Pltr a meme stock?

Meme Stocks: Bakkt Holdings (BKKT)

A financial services firm with a crypto focus, Bakkt Holdings went public in October, via a special purpose acquisition company (SPAC) merger. But it was two key developments not too long after that that sent its shares rocketing from just under its SPAC offering price ($10 per share), to as much as $50.80 per share.

Cleveland-Cliffs (CLF)

During 2021, CLF stock rose around 39%. Primarily due to the pandemic recovery, but the meme stocks trend did play a minor role in its strong performance. Yet while it’s delivered an outsized return this year, “old school” iron ore and steel player Cleveland-Cliffs continues to trade as if its earnings are about to fall off a cliff (pun intended).

Meme Stocks: Nokia (NOK)

In early 2021, Nokia became one of the secondary meme stocks. This may have been due to its low stock price, or perhaps due to familiarity with its brand. Yet its gradual move to over $6 per share, after crashing following the first round of meme mania? That wasn’t due to speculative frenzy.

PubMatic (PUBM)

Back in the summer, PUBM stock looked like a possible short-squeeze play. With short interest at the time above 30% of float, it wasn’t out of the question that a stampede of Reddit buyers could have sent PubMatic stock “to the moon,” as what happened with Clover Health at the time.

Meme Stocks: Cassava Sciences (SAVA)

Until August, Cassava Sciences was one of the top meme stocks, zooming higher thanks to the potential of its Simulfilam Alzheimers drug candidate. However, not too long after that, shares experienced a big decline, due to data manipulation allegations.

Virgin Galactic (SPCE)

Put simply, the meme stocks trend was like rocket fuel for SPCE stock in early 2021. With its high concept business plan (space exploration), it’s no shock Reddit traders sent Virgin Galactic from the low $20s per share, to the low $60s per share, last January and February.

Meme Stocks: Tilray (TLRY)

Despite blue wave election results, U.S. pot legalization failed to happen in 2021. The chances of federal pot reforms still appear questionable for 2022 too. With this, plus a recent report from Barclays arguing that there’s not much upside for Canadian cannabis companies from U.S. pot reform, Tilray stock has continued to draft lower.

Four Things You Need to Know About Meme Stock Trading

After pumping and dumping GME and AMC for what seems like months now, Reddit’s Wall Street revolutionaries are starting to turn their attention to new opportunities.

The Next Meme Stock Ready to Explode Is BlackBerry

The last time I owned a BlackBerry (NYSE: BB) phone was in 2008. I really did like it, but times have changed. Since then, I don’t think I’ve seen more than five of these phones out in the wild. Verizon doesn’t sell them on its website, and neither does T-Mobile.

What is meme stock?

What is the meaning of a 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.

Where did the term "meme stocks" come from?

The term ‘meme stocks’ originated from the online discussion forum Reddit, where the sub-reddit known as ‘WallStreetBets’ has become wildly popular among stock and options traders and has recently had a major effect on US and UK-based exchanges.

Why do meme companies tap the market?

Sometimes, meme companies tap the market for more funding by issuing new shares, taking advantage of the frenzied interest in their company to bolster their balance sheets for the future. They may also do this to increase investment in strategic goals such as marketing and consumer appeal.

Why is Nokia a meme?

Nokia (NOK) ​​. Nokia supposedly became a targeted meme stock by WallStreetBets due to its involvement in 5G technology. The COVID-19 pandemic has slowed down the rollout of 5G globally, leading to a large number of hedge funds and institutional traders to short Nokia stock.

Is Nokia a meme stock?

Out of these five listed meme stocks, Nokia has the current largest market capitalisation and global presence, operating in over 130 countries worldwide. Therefore, some investors may see Nokia not simply as a meme stock but as a company with long-term investment potential, dividing investor sentiment ​.

What does it mean when a company's share price goes up overnight?

Therefore, if a company’s share price soars overnight, it is usually a sign of a highly volatile market that could see the company’s share price violently spike in either direction. It’s advised to use prudent risk-management when trading in these types of environments.

How much did Nokia stock jump in January 2021?

In January 2021, there was a surge of bullish sentiment for the stock and a short squeeze occurred over a single day. As a result, Nokia’s share price jumped by 106%.

Is Reddit momentum short?

Reddit’s concept of momentum can be quite short — having only one to three months of outperformance seems to be enough for retail investors to jump on a new trend. Airline stocks in May 2020 are a prime example of a short window. 2. Company size.

Why did stocks dominate?

The stocks came to dominate for one straightforward reason: the rise of retail investors. These newer investors have turbocharged momentum investing in an extraordinary way. Not only has the momentum effect eclipsed other factors (growth, valuation, product quality and so on).

What stocks are in WFH?

WFH stocks include Facebook, Box, Fortinet, Netapp and Cisco. Holding period from 12/31/2019 through 4/9/2021. On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article.