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- 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.
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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: AAPL
Wall Street Bet Mentions Over Past 24 Hours: 111
Market Capitalization: $2.47 trillion
1-Week Performance: -0.4%
Mark Lennihan/AP Photo
9. Pfizer
Ticker: PFE
Wall Street Bet Mentions Over Past 24 Hours: 117
Market Capitalization: $280.0 billion
1-Week Performance: -4.1%
Dado Ruvic/Reuters
8. Tesla
Ticker: TSLA
Wall Street Bet Mentions Over Past 24 Hours: 122
Market Capitalization: $699.3 billion
1-Week Performance: 6.4%
Associated Press
7. Nvidia
Ticker: NVDA
Wall Street Bet Mentions Over Past 24 Hours: 162
Market Capitalization: $547.2 billion
1-Week Performance: 12%
Mike Blake/Reuters
6. ContextLogic
Ticker: WISH
Wall Street Bet Mentions Over Past 24 Hours: 294
Market Capitalization: $4.2 billion
1-Week Performance: 2.5%
Wish
5. Clover Health
Ticker: CLOV
Wall Street Bet Mentions Over Past 24 Hours: 369
Market Capitalization: $3.6 billion
1-Week Performance: 9.2%
Clover Health
4. Blackberry
Ticker: BB
Wall Street Bet Mentions Over Past 24 Hours: 412
Market Capitalization: $6.2 billion
1-Week Performance: 14.8%
J.P. Moczulski/Reuters
3. Alibaba
Ticker: BABA
Wall Street Bet Mentions Over Past 24 Hours: 507
Market Capitalization: $474.3 billion
1-Week Performance: -1.2%
Li Qingsheng/VCG via Getty Images
2. AMC Entertainment
Ticker: AMC
Wall Street Bet Mentions Over Past 24 Hours: 824
Market Capitalization: $22.3 billion
1-Week Performance: 19.1%
Noam Galai/Getty Images
1. GameStop
Ticker: GME
Wall Street Bet Mentions Over Past 24 Hours: 2,440
Market Capitalization: $14.5 billion
1-Week Performance: 28.6%
Mairo Cinquetti/NurPhoto/Getty Images
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See Also:
- Top 16 meme stocks this week on Reddit: Alibaba comes back from the dead, and Nvidia catches fire, while AMC and GameStop stick around
- Microsoft could soar 18% as Office 365 price increase represents 'strategic poker move' that could drive more upside, Wedbush says
- These are the top 10 stocks Reddit's Wall Street Bets is talking about
