Most cited GameStop, Tesla, Alibaba
- Reddit’s WallStreetBets forum entered the mainstream in early 2021 during the GameStop craze.
- Driving stocks like GameStop and AMC, the retail investors who congregate on the subreddit are a force in the stock market.
- These are the 10 most popular stocks that WallStreetBets is talking about right now.
After which the actions being talked about by the WallStreetBets crowd of Reddit were a tactic that paid off in 2021 as several went through epic rallies and stepped up
volatility
.
From GameStop to AMC Entertainment, the forum of more than 11 million members has fueled the conversation about so-called meme stocks that have exploded amid overwhelming demand from retail investors. The surge in stocks with fragile fundamentals has led to several hedge fund outbursts that have been taken on the opposite side of the trade bet against the company in question.
GameStop’s short squeeze, driven in part by the WallStreetBets crowd, caused multibillion-dollar hedge fund Melvin Capital to drop more than 50%. Meanwhile, the strong recovery of struggling movie theater chain AMC Entertainment caused short sellers billions of dollars in losses in May and June.
But since those short cuts caused the destruction of some short sellers, shares of GameStop and AMC Entertainment have fallen about 60% from their highs as investors begin to grapple with the fundamental backdrop behind the companies.
As traders look to replicate the success of WallStreetBets stocks, a data aggregator compiles the most mentioned stocks on Reddit’s forum.
These are the top 10 stocks Reddit’s WallStreetBets forum is currently focusing on, according to data compiled by SwaggyStocks. The list is based on mentions from the last 24 hours and the financial data comes from Koyfin.
10. Amazon
Symbol: AMZN
Mentions of WallStreetBets in the last 24 hours: 121
Market cap: $1.6 trillion
One-week performance: 12.1%
Amazon Air is a cargo airline brand for Seattle, Washington-based Amazon cargo delivery service.
Nicolas Economou/NurPhoto via Getty Images
9. Meta platforms
Symbol: FB
Mentions of WallStreetBets in the last 24 hours: 131
Market cap: $552.7 billion
One-week performance: 12.8%
Facebook meta sign
Justin Sullivan/Getty Images
8. Apple
Symbol: AAPL
Mentions of WallStreetBets in the last 24 hours: 176
Market cap: $2.64 trillion
One-week performance: 8.9%
An Apple store.
Spencer Platt/Getty Images
7.Boeing
Symbol: BA
Mentions of WallStreetBets in the last 24 hours: 217
Market cap: $108.3 billion
One-week performance: 6.7%
Boeing 777X.
Stephen Brashear/Getty Images
6.Nvidia
Symbol: NVDA
Mentions of WallStreetBets in the last 24 hours: 217
Market cap: $625.7 billion
One-week performance: 16.8%
Mandel Ngan/AFP via Getty Images
5. ZIM Integrated Shipping Services
Symbol: ZIM
Mentions of WallStreetBets in the last 24 hours: 220
Market cap: $10.9 billion
One-week performance: -10.2%
Tal Oran
4. Advanced microdevices
Symbol: AMD
Mentions of WallStreetBets in the last 24 hours: 238
Market cap: $185.7 billion
One-week performance: 4.9%
AMD CEO Lisa Su
Steve Marcus/Reuters
3.Alibaba
Symbol: BABA
Mentions of WallStreetBets in the last 24 hours: 359
Market cap: $261.0 billion
One-week performance: 51.6%
Alibaba, a Chinese e-commerce giant, is one of many companies criticized for its grueling work culture.
Thomas Pierre/Reuters
2.Tesla
Symbol: TSLA
Mentions of WallStreetBets in the last 24 hours: 638
Market cap: $925.1 billion
One week performance: 20.0%
Associated Press
1.GameStop
Symbol: GME
Mentions of WallStreetBets in the last 24 hours: 1,390
Market cap: $7.0 billion
One week performance: 45.0%
John Smith/VIEWpress/Getty Images