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These are the 10 most talked about stocks on Reddit's WallStreetBets


Reddit Wall Street Bets Retail Trading GameStop
WallStreetBets.

Photo illustration by Jakub Porzycki/NurPhoto via Getty Images



  • Reddit's WallStreetBets 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 WallStreetBets is talking about right now.
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Following which stocks Reddit's WallStreetBets crowd is talking about this year has paid off, as several have gone through epic rallies and seen heightened volatility.

From GameStop in January to AMC Entertainment in June, the 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 WallStreetBets crowd, led to a more than 50% drawdown in multibillion dollar hedge fund Melvin Capital. Meanwhile, the sharp rally in struggling movie theater chain AMC Entertainment caused billions of dollars in losses for short-sellers in May and June.

As traders look to replicate the success of WallStreetBets 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. GameStop

Ticker: GME
WallStreetBets Mentions Over Past 24 Hours: 32
Market Capitalization: $14.1 billion
1-Week Performance: 4.3%


GameStop
Queue in front of Gamestop store in Christmas atmosphere in Milan during coronavirus emergency, Milan, Italy, on November 03 2020.

Mairo Cinquetti/NurPhoto/Getty Images



9. Amazon

Ticker: AMZN
WallStreetBet Mentions Over Past 24 Hours: 34
Market Capitalization: $1.67 trillion
1-Week Performance: 4.8%


clerk at amazon prime warehouse
A worker at an Amazon warehouse.

Mark Lennihan/AP



8. ContextLogic

Ticker: WISH
WallStreetBet Mentions Over Past 24 Hours: 35
Market Capitalization: $3.2 billion
1-Week Performance: 1.9%


Wish CFO
Wish CFO Rajat Bahri.

Wish



7. Facebook

Ticker: FB
WallStreetBet Mentions Over Past 24 Hours: 38
Market Capitalization: $926.3 billion
1-Week Performance: 1.8%


A photo of Mark Zuckerberg, the CEO and cofounder of Facebook.
Facebook CEO Mark Zuckerberg.

Kevin Dietsch/Getty Images



6. Apple

Ticker: AAPL
WallStreetBet Mentions Over Past 24 Hours: 38
Market Capitalization: $2.38 trillion
1-Week Performance: 1.4%


An Apple store employee's dark silhouette next to a white glowing Apple logo
An Apple store employee in New York.

Mark Lennihan/AP Photo



5. Coinbase

Ticker: COIN
WallStreetBet Mentions Over Past 24 Hours: 39
Market Capitalization: $54.8 billion
1-Week Performance: 14.0%


Coinbase and Bitcoin
Coinbase and Bitcoin

SOPA images



4. Upstart

Ticker: UPST
WallStreetBet Mentions Over Past 24 Hours: 40
Market Capitalization: $29.5 billion
1-Week Performance: 21.5%


Dave Girouard
Upstart CEO Dave Girouard

Upstart



3. Netflix

Ticker: NFLX
WallStreetBet Mentions Over Past 24 Hours: 41
Market Capitalization: $280.5 billion
1-Week Performance: 0.4%


a person downloading netflix on their phone
Netflix.

SOPA Images/Getty Images.



2. SoFi

Ticker: SOFI
WallStreetBet Mentions Over Past 24 Hours: 60
Market Capitalization: $15.6 billion
1-Week Performance: 11.4%


SoFi Stadium
SoFi Stadium during the NFL game between the Arizona Cardinals and the Los Angeles Rams on January 03, 2021, at SoFi Stadium in Inglewood, CA.

(Photo by Kevin Reece/Icon Sportswire via Getty Images)



1. Tesla

Ticker: TSLA
WallStreetBet Mentions Over Past 24 Hours: 245
Market Capitalization: $812.1 billion
1-Week Performance: 9.0%


Tesla SuperCharger

Associated Press



Read the original article on Business Insider