Photo illustration by Jakub Porzycki/NurPhoto via Getty Images
- Reddit’s Wall Street Bets forum entered the mainstream during the January GameStop craze.
- From GameStop to AMC Entertainment, retail investors congregating on the subreddit are a driving force in the stock market.
- These are the 10 most popular stocks Wall Street Bets is talking about right now.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
It’s paid to follow what stocks Reddit’s Wall Street Bets crowd are talking about this year, as several have gone through epic rallies and seen heightened volatility.
From GameStop in January to AMC Entertainment in June, the near 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. Strong demand for 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 Wall Street Bets crowd, led to a more than 50% drawdown in multi-billion dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollar in losses for short-sellers in May and June.
As traders look to replicate the success of Wall Street Bets 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.
10. Apple
Ticker: AAPLWall Street Bet Mentions Over Past 24 Hours: 111Market Capitalization: $2.47 trillion1-Week Performance: -0.4%
An Apple store employee in New York.
Mark Lennihan/AP Photo
9. Pfizer
Ticker: PFEWall Street Bet Mentions Over Past 24 Hours: 117Market Capitalization: $280.0 billion1-Week Performance: -4.1%
Oil markets surged in the hours after Pfizer announced positive results from its coronavirus vaccine study.
Dado Ruvic/Reuters
8. Tesla
Ticker: TSLAWall Street Bet Mentions Over Past 24 Hours: 122Market Capitalization: $699.3 billion1-Week Performance: 6.4%
Associated Press
7. Nvidia
Ticker: NVDAWall Street Bet Mentions Over Past 24 Hours: 162Market Capitalization: $547.2 billion1-Week Performance: 12%
Mike Blake/Reuters
6. ContextLogic
Ticker: WISHWall Street Bet Mentions Over Past 24 Hours: 294Market Capitalization: $4.2 billion1-Week Performance: 2.5%
Wish CFO Rajat Bahri.
Wish
5. Clover Health
Ticker: CLOVWall Street Bet Mentions Over Past 24 Hours: 369Market Capitalization: $3.6 billion1-Week Performance: 9.2%
Clover Health president and chief technology officer Andrew Toy
Clover Health
4. Blackberry
Ticker: BBWall Street Bet Mentions Over Past 24 Hours: 412Market Capitalization: $6.2 billion1-Week Performance: 14.8%
BlackBerry shareholder
J.P. Moczulski/Reuters
3. Alibaba
Ticker: BABAWall Street Bet Mentions Over Past 24 Hours: 507Market Capitalization: $474.3 billion1-Week Performance: -1.2%
An office building of Alibaba Group is pictured on August 10, 2021 in Zhengzhou, Henan Province of China.
Li Qingsheng/VCG via Getty Images
2. AMC Entertainment
Ticker: AMCWall Street Bet Mentions Over Past 24 Hours: 824Market Capitalization: $22.3 billion1-Week Performance: 19.1%
Noam Galai/Getty Images
1. GameStop
Ticker: GMEWall Street Bet Mentions Over Past 24 Hours: 2,440Market Capitalization: $14.5 billion1-Week Performance: 28.6%
Queue in front of Gamestop store in Christmas atmosphere in Milan during coronavirus emergency, Milan, Italy, on November 03 2020.
Mairo Cinquetti/NurPhoto/Getty Imagesread more
