As it keeps on proving its skeptics wrong, expect things to continue to look up for Nokia and Nokia stock. Rivian is currently in the midst of « production hell, » a phrase coined by Tesla CEO Elon Musk when his company was trying to ramp up factory production to stem cash losses. Rivian has had hiccups getting its R1T electric truck out the door, but it’s making progress.

The top 25 such firms are included in the portfolio, which is re-examined and rebalanced twice a month. From there, the number of retail investors buying shares and call options snowballed, driving up the price. The price increase drove out some short sellers early on as it attracted various big-name investors and public figures, such as Elon Musk and venture capitalist Chamath Palihapitiya. A meme stock refers to the shares of a company that have gained viral popularity due to heightened social sentiment. This social sentiment is usually due to activity online, particularly on social media platforms.

Nevertheless, both the top and bottom lines for Tesla exceeded Wall Street expectations. Non-GAAP earnings rocketed by 57% to $2.27 per diluted share while revenue increased by 42% to $16.9 billion. And Tesla accounts for at least a 65% market share in the United States alone.

Read our complete guide to risk-management to find out how to offset risk in volatile markets. ATER stock may very well be the riskiest of these meme selections in our estimation. However, as a shareholder of Intercept I can also attest that there are justifiable reasons for people to be pessimistic. Food and Drug Administration (FDA) sent the company a Complete Response Letter for obeticholic acid (OCA) as a treatment for nonalcoholic steatohepatitis (NASH).

• Yet what really stands out is its muted average daily volume of 1.36 million shares.
• Despite its partnerships with well-known fast and casual restaurants, sentiment turned sour as the competition crawled out of the woodwork, diluting its market share.
• Analysts think Bed Bath & Beyond, AMC Entertainment and GameStop are now 82%, 80% and 60% past their 12-month price targets.
• Intercept’s beta is north of 1.5, which means that, on average, it moves more than 50% more than the broader market.

As retail investors rallied behind the theater chain, AMC shares rose from less than $2 to over $70. GameStop (GME) became a heavily shorted stock due to a decline in foot traffic at malls and dwindling revenues. The short interest, therefore, had grown to over 100% of the shares outstanding. The case that a short squeeze could be precipitated was then developed and touted on Reddit and other investment forums. In addition, big investors, such as Scion Asset Management’s Michael Burry and Chewy co-founder Ryan Cohen, also took long positions.

AMC Entertainment (AMC)​​

In any case, I’d certainly recommend considering buying MSFT stock now . I’ve been interested in the shares for some time, and I may pull the trigger on it soon. This company’s status as a 5G provider does give investors reason to be upbeat about its growth outlook.

However, we have seen some of the more familiar names in the stock market dominating the social media chatter. The underlying businesses of these stocks have performed remarkably well despite the challenges posed by the current economic climate. These stocks offer hefty upside potential in what is likely to be a more conducive environment next year for investing. Throughout May 2021, the company’s share price jumped by 570% to reach a peak closing price of $63.97. It is often at the top of the WallStreetBets mention list as one of the most trending meme stocks of the year, up 823% year to date. Specifically, these retail traders are attempting to effect short squeezes in heavily short-sold stocks.

Meme stocks can be effective for traders who prefer to speculate on more volatile markets. However, they can also bring many risks, so consult our guide on trading risk-management protocols before opening a position. But daily counts that routinely total in the hundreds and upvotes in the thousands mean that a discussion of best meme stocks wouldn’t be complete without GME stock. Also, despite all the headwinds, including trend strength indicator negative cash flow and ongoing operating losses, ATER still maintains a pulse of life on R/WallStreetBets. More importantly, people are putting their money where their mouths are, as May saw a huge price spike on massive volume totaling more than 1 billion shares. More recently, though, a challenging shift in market conditions and management missteps have resulted in CVNA trading like a volatile meme, according to CNBC.

If you do want to trade meme stocks

The « best » meme stock may often have climbed the most but also has the highest probability of falling back down. The best meme stock to buy meets the criteria of poor fundamentals, high short interest, a small float with social media buzz and rising volume. Check out our list of six that could be the next meme stock to make headlines.

The Next Big Meme Stocks in 2022

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 to turn some of that extra free time into money, many people turned to the stock market and social media for ideas. Persuading regular people to dabble in an experimental form of asset trading was a hard sell.

Where Are the Meme Stocks Today?

Having said that, the list below includes seven of the top meme stocks to invest in at this time. We saw the rise of meme stocks last year, with everyone hoping to catch lightning in a bottle. Conversely, 2022 was a horrendous year for equities, especially the more speculative plays such as meme stocks. The eye-popping gains have inspired legions of hopeful successors to the original meme stocks, and sifting through the noise of online stock manipulation has never been harder. Despite no shortage of headlines about the economic reopening, generous fiscal stimulus packages, and the Federal Reserve’s monetary policy, meme stocks have stolen the spotlight in the investing world this year. The following cycle explains how meme stocks tend to work in the share market, according to a user of the WallStreetBets forum.

A member of the hot 2020 IPO stock class, Palantir quickly gained a large investor following after making its public debut. The company builds enterprise big data and AI software that helps organizations update their operations for a digital era. Palantir has currency trading strategies concentrated exposure working for government entities, but it’s quickly working to expand further into the private sector. This Canadian company is known for pioneering the smartphone, but it quickly went by the wayside when Apple revolutionized the space.

Way Better AI Names Than NVDA Stock (and It’s Not Even Close!)

But if you’re looking for a more than reasonably priced growth play, and believe that multiple compression from rising interest rates won’t be severe, consider this former meme stock a buy. A financial services firm with a crypto focus, Bakkt Holdings went forex spread meaning 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.

All this seems like very bearish news, so its short interest rose to 27%. The higher the price of GME rose, the more that shorts would chase it to buy and cover their short positions. Additionally, forced margin calls would automatically trigger short covering surges of buying pressure. Bed Bath & Beyond is seen losing more than $730 million this fiscal year, analysts say, nearly double what it lost last fiscal year. The retailer is predicted to lose $99 million this fiscal year and $88 million next fiscal year.