2 Reddit Stocks To Invest
While most popular Reddit stocks have been short-term winners, some stocks continue to attract investors, here are 2 Reddit stocks to invest..
As the interest in popular meme stocks has begun to decline, retail investors are looking for new investment opportunities on
Reddit. As such, highly discussed BioNTech (BNTX) and McAfee (NOK) may be poised for a fast profit possibilities due to their sound fundamentals and solid growth prospects. So, we believe these two Reddit stocks are still worth investing.
Subreddit
r/wallstreetbets (WSB) has transformed the world of investing and significantly reshaped the financial markets. WSB’s subscription growth broke a record this year, more amateur traders joined and boosted the heavily shorted stocks such as GameStop Corporation (NYSE:GME), AMC Entertainment Holdings, Inc. (NYSE:AMC), BlackBerry Limited (NYSE:BB).
While most popular Reddit stocks have been short-term winners, some stocks continue to attract investors because of their promising long-term growth potential. Although a gigantic short squeeze has pushed GME’s stock up 3,773.3% over the past year, the frenzy appears to have cooled of late. GME’s stock is down 15.7% over the past month, while AMC’s stocks have declined 4% over the past five days.
BioNTech SE (NASDAQ:BNTX) and McAfee Corp. (NOK) are two Reddit stocks that have the potential to deliver high returns based on their solid business models and financial strength. These two stocks have been gaining momentum lately and we believe they are a solid choice for an investment.