These are the 10 most popular stocks on Reddit's WallStreetBets forum

Reddit Wall Street Bets Retail Trading GameStop
  • Reddit's WallStreetBets forum entered the mainstream during the January GameStop craze. 
  • Driving stocks like GameStop and AMC Entertainment, retail investors congregating on the subreddit are a force in the stock market.
  • These are the 10 most popular stocks WallStreetBets is talking about right now.
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Following which stocks Reddit's WallStreetBets crowd is talking about this year has paid off, as several have gone through epic rallies and seen heightened volatility. 

From GameStop in January to AMC Entertainment in June, the more than 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. The surge in stocks with shaky fundamentals has led to several hedge fund blowups that were caught on the opposite side of the trade betting against the company in question.

GameStop's short-squeeze, in-part led by the WallStreetBets crowd, led to a more than 50% drawdown in multibillion-dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollars in losses for short-sellers in May and June.

But since those short-squeezes caused destruction for some short sellers, shares of GameStop and AMC Entertainment have fallen by about 60% from their record highs as investors begin to confront the fundamental backdrop behind the companies.

As traders look to replicate the success of WallStreetBets stocks, one data aggregator is compiling the most mentioned stocks on Reddit's forum. 

These are the top 10 stocks Reddit's WallStreetBets forum is focused on right now, according to data compiled by SwaggyStocks. The list is based on mentions over the past 24 hours and financial data is sourced from Koyfin

10. Robinhood

Ticker: HOOD
WallStreetBet Mentions Over Past 24 Hours: 91
Market Capitalization: $15.7 billion
One-Week Performance: 1.8% 

People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City.
A pop-up kiosk for Robinhood along Wall Street after the company went public.

9. Meta Platforms

Ticker: FB
WallStreetBet Mentions Over Past 24 Hours: 121
Market Capitalization: $973.3 billion
One-Week Performance: 7.0% 

Meta Facebook name change
Meta Facebook name change

8. Palantir

Ticker: PLTR
WallStreetBet Mentions Over Past 24 Hours: 122
Market Capitalization: $37.6 billion
One-Week Performance: 5.3% 

Palantir HQ.
Palantir HQ.

7. Microsoft

Ticker: MSFT
WallStreetBet Mentions Over Past 24 Hours: 136
Market Capitalization: $2.57 trillion 
One-Week Performance: 7.0% 

Microsoft shareholder meeting
Microsoft Chief Legal Officer Brad Smith, CEO Satya Nadella, Executive Vice President and CFO Amy Hood, and Board Chairman John Thompson.

6. GameStop

Ticker: GME
WallStreetBet Mentions Over Past 24 Hours: 176
Market Capitalization: $11.5 billion
One-Week Performance: -3.9% 

A high-street GameStop store

5. Advanced Micro Devices

Ticker: AMD
WallStreetBets Mentions Over Past 24 Hours: 200
Market Capitalization: $184.8 billion
One-Week Performance: 12.6% 

AMD Ryzen Threadripper
AMD is a leader in the CPU market.

4. Nvidia

Ticker: NVDA
WallStreetBet Mentions Over Past 24 Hours: 283
Market Capitalization: $762.5 billion
One-Week Performance: 10.0% 

A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California.
Nvidia headquarters in Santa Clara, California

3. Amazon

Ticker: AMZN
WallStreetBet Mentions Over Past 24 Hours: 360
Market Capitalization: $1.74 trillion
One-Week Performance: 2.4% 

An Amazon Flex sign is shown with vehicles behind.
An Amazon Flex sign

2. Apple

Ticker: AAPL
WallStreetBet Mentions Over Past 24 Hours: 414
Market Capitalization: $2.95 trillion
One-Week Performance: 5.9% 

An Apple store.
An Apple store.

1. Tesla

Ticker: TSLA
WallStreetBet Mentions Over Past 24 Hours: 1,360
Market Capitalization: $1.09 trillion
One-Week Performance: 20.8% 

Tesla SuperCharger
Read the original article on Business Insider


Contributer : Business Insider https://ift.tt/3HypVrZ
These are the 10 most popular stocks on Reddit's WallStreetBets forum These are the 10 most popular stocks on Reddit's WallStreetBets forum Reviewed by mimisabreena on Wednesday, December 29, 2021 Rating: 5

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