In recent years WallStreetBets, or WSB, has become a phenomenon that has taken the financial world by storm. This community-driven platform on Reddit allows investors to share their thoughts and opinions on stocks, ultimately influencing market trends and prices. The sheer number of stocks traded there today makes WallStreetBets intriguing1. In this article, we will provide you with a comprehensive list of stocks traded on WallStreetBets, as well as explore the influence that this platform has on the stock market.
Understanding WallStreetBets and Its Impact on the Stock Market
What is WallStreetBets?
Reddit saw the creation of WallStreetBets, a community-driven platform, back in 2012. The purpose initially was for members to share their thoughts on options trading, however, the WSB stock platform has now expanded to cover all sorts of investing topics, including stocks. Through a voting system, the platform, acting as a sort of WallStreetBets tracker, allows users to upvote or downvote posts and comments, ultimately shaping the discussion and deciding which stocks to invest in. Moreover, this unique approach has shown the potential to even outperform investment bank analysis2. Consequently, this has led to WallStreetBets having a significant impact on the stock market.
One of the reasons why WallStreetBets has become so popular is due to its accessibility. The platform welcomes anyone to join, and it encourages users to share their own experiences and opinions. This has created a sense of community and camaraderie, often referred to as ‘ape wisdom’, among members, who are all united in their desire to make money through investing.
Furthermore, WallStreetBets has gained a reputation for being a platform that is not afraid to take risks. The platform often encourages members to invest in stocks considered risky or undervalued, hoping to achieve high returns. This has led to some members of WallStreetBets becoming overnight millionaires, while others have lost significant amounts of money3.
The GameStop Saga: A Case Study
One of the most notable examples of WallStreetBets’ impact on the stock market is the GameStop saga. In early 2021, WallStreetBets members started buying up GameStop shares, which hedge funds heavily shorted. The buying frenzy led to a sudden and dramatic increase in GameStop’s stock price, ultimately costing hedge funds billions of dollars. WallStreetBets became known worldwide for their role in the GameStop saga and demonstrated their ability to move the markets.
The GameStop saga highlighted the power of social media in influencing the stock market. A Princeton machine learning model trained with the Reddit data was able to predict whether GME’s price would go up or down the next day with 100% accuracy4. Before the rise of platforms like WallStreetBets, it was typically only large institutional investors who had the power to move the markets. However, with the rise of social media, retail investors now have a much greater say in which stocks rise and fall5. To get started investing in GameStop, click here.
How Stocks Traded on WallStreetBets Influence Prices
WallStreetBets’ influence on stock prices comes from the large numbers of investors who are active on the platform. Many investors on WallStreetBets are retail investors who may not have as much liquidity or resources as Wall Street firms. Despite this, the sheer volume of investors on WallStreetBets means that they can still have a significant impact on stock prices. Through the voting and discussion system on the platform, members can see what stocks WallStreetBets are buying which ultimately leads to a buying frenzy, contributing to an increase in that stock’s value. For a closer look at one of WallstreetBet’s favorite portfolios, click here.
It’s important to note that not all stocks discussed on WallStreetBets see a significant increase in value. Known for its volatility, the platform can cause many hyped-up stocks to experience a sudden price drop. Furthermore, the Securities and Exchange Commission (SEC) has expressed concerns about the platform, warning that it may be promoting illegal market manipulation.
Despite these concerns, it is clear that WallStreetBets has significantly impacted the stock market. The platform has given retail investors a newfound sense of power and shown that social media can be a force in the world of investing. To get started investing in some of the best WallStreetBets stocks, click here.
Most Popular Stocks Traded on WallStreetBets
GameStop (GME)
GameStop stock undoubtedly ranks as one of the most popular stocks traded on WallStreetBets. The company’s sudden rise to fame in early 2021, thanks to the collective efforts of WallStreetBets investors, has made it one of the most traded stocks on the platform. Moreover, GameStop was the most mentioned stock on the subreddit in January 2021, with over 30,000 mentions in a single day at its peak6. It is, however, crucial to remember that the value of GameStop is subject to significant fluctuations due to WallStreetBets’ collective nature, as evidenced by the volatility of its stock price in early 2021.
The coordinated efforts of WallStreetBets’ retail investors, who saw the stock as undervalued and oversold, led to GameStop’s sudden surge in popularity. The collective buying and holding of GameStop’s stock by WallStreetBets members caused a short squeeze, forcing hedge funds and other institutional investors who had bet against the stock to buy back shares, driving the price up even further. GameStop was the first in what became known as WSB’s meme stocks list.
However, the frenzy surrounding GameStop’s stock has also brought attention to the risks of trading on WallStreetBets. The collective nature of the platform can lead to significant volatility, and investors should always do their due diligence before investing in any stock. You can also invest in GameStop (and others) by clicking here.
AMC Entertainment (AMC)
AMC Entertainment is another stock that has gained popularity among WallStreetBets investors. The company operates movie theaters worldwide and saw a significant drop in revenue due to the COVID-19 pandemic. However, investors on WallStreetBets have shown optimism regarding AMC’s prospects through collective buying and holding, leading to the stock’s price seeing spikes since early 2021, very similar to the GameStop craze. For example, AMC Entertainment was the most mentioned stock on WallStreetBets in June 2021, surpassing even GameStop7.
AMC Entertainment has also been the subject of short squeezes, with retail investors driving up the stock price and causing losses for institutional investors who had bet against the stock. The company’s recent announcement of a $230 million investment from Mudrick Capital Management has further fueled investor optimism regarding its prospects.
However, as with any stock, it is important to remember that investing in AMC Entertainment comes with risks. The company’s future success is uncertain, and investors should always do their research before investing in any stock.
BlackBerry (BB)
BlackBerry is a technology company that has become more explicitly focused on cybersecurity and software in recent years. Some investors on WallStreetBets cite specific events, such as their partnership with Amazon Web Services as reasons to buy and hold the stock. The company has seen significant growth in popularity among investors in recent months with interest spiking after GameStop’s surge.
BlackBerry’s recent pivot towards cybersecurity and software has drawn investor optimism, with many viewing the company as undervalued and oversold. However, the stock’s value is subject to significant fluctuations, and investors should be cautious when investing in BlackBerry.
It is also worth noting that BlackBerry is not the same company it was a decade ago when it dominated the smartphone market. The company’s pivot towards cybersecurity and software has received mixed reviews, and its future success remains uncertain.
Nokia (NOK)
Nokia is a multinational telecommunications company with a significant focus on 5G technology. With the global trend towards increased 5G adoption, investors on WallStreetBets have identified Nokia as a company worth investing in. Like other WallStreetBets popular stocks, Nokia’s value has been subject to fluctuations with increased investor interest.
Nokia’s recent partnership with Google Cloud has further fueled investor optimism regarding the company’s prospects. The partnership aims to develop new 5G solutions and services, and many investors see this as a positive development for the company.
However, Nokia’s future success is uncertain, and investors should always do their research before investing in any stock. The telecommunications industry is highly competitive, and Nokia faces significant challenges in maintaining its market share.
Tesla (TSLA)
Tesla is an American electric vehicle and clean energy company. Though a more established company on the stock market than the previously listed frequent WallStreetBets plays, investors on the platform have driven its value to see significant gains in 2020 and 2021 as demand for electric vehicles grows, marked by a 700% increase in one year at one point8.
Tesla’s innovative approach to electric vehicles and clean energy has led to its recent success. To get started investing in TSLA, click here. The company has disrupted the automotive industry with its sleek designs and advanced technology, and many investors see Tesla as a leader in the transition toward sustainable energy. Carbon credits are an investment opportunity that similarly speaks to a more sustainable future, to learn more click here.
However, Tesla does not have guaranteed future success and faces significant challenges in maintaining its market share. The electric vehicle market is becoming increasingly competitive, and Tesla will need to continue innovating to stay ahead of the curve.
Emerging Stocks traded on WallStreetBets and Gaining Traction
Clover Health (CLOV)
Clover Health is a technology company that specializes in Medicare-based health plans. The company has gained attention from WallStreetBets investors due to its growth prospects in telemedicine services, which have become increasingly important due to the pandemic. CLOV rose more than 130% in June 2021 due to the influence of WallStreetBets, but like any other industry or company, innovation plays a significant role in shaping the future of that company.
With healthcare costs on the rise and the pandemic still affecting millions of people worldwide, telemedicine has become a vital tool for healthcare providers. The aging population in the United States makes Clover Health’s focus on Medicare-based health plans, particularly relevant. The company’s innovative approach to healthcare, which includes the use of data analytics and technology, has the potential to revolutionize the industry and improve patient outcomes.
However, investing in Clover Health, like any emerging technology, carries risks. The company is still in its early stages and has yet to prove its long-term viability. Additionally, heavy regulation in the healthcare industry and changes in government policies could significantly impact the company’s growth prospects.
Workhorse Group (WKHS)
Workhorse Group is an American automotive company that develops electric delivery vehicles and drones. WallStreetBets investors have shown recent interest in the company, likely due to a potential uptick in e-commerce after the COVID pandemic and more attention to ecologically friendly technologies.
The shift towards electric vehicles and drones in the delivery industry is a sign of the times. As consumers demand faster and more efficient delivery services, companies like Workhorse Group stand to benefit. The company’s innovative approach to delivery services, which includes the use of drones, has the potential to revolutionize the industry and improve delivery times.
However, investing in Workhorse Group carries risks as the electric vehicle industry is still in its early stages. The company faces intense competition from established players like Amazon and UPS and emerging players like Rivian and Nikola. Additionally, the company’s success is heavily dependent on government policies and incentives that support the adoption of electric vehicles.
Palantir Technologies (PLTR)
Palantir Technologies is a data analytics and consulting company focused on government and commercial applications. It has gained popularity on WallStreetBets, with investors citing the company’s potential to become a leading cybersecurity provider. There is no telling whether the stock will continue to rise or drop in value as the role of cyber security deepens in the next few years.
The importance of data analytics and cybersecurity has never been more significant, with the rise of cyberattacks and data breaches in recent years. Palantir Technologies’ innovative approach to data analytics and cybersecurity has the potential to revolutionize the industry and improve the security of government and commercial applications.
However, the data analytics and cybersecurity industry is highly competitive, and there are risks associated with investing in Palantir Technologies. The company faces intense competition from established players like IBM and Microsoft and emerging players like Snowflake and Databricks. Additionally, the company’s success is heavily dependent on government contracts, which are subject to political and economic factors.
Virgin Galactic (SPCE)
Virgin Galactic is a space tourism company that has seen an increase in investor interest due to its history-making suborbital flight in June 2021. The company’s CEO, Richard Branson, was aboard one of the successful flights that reached just below space, making headlines and pushing SPCE’s stock value up. The hype is no surprise, though the company is still aiming to get to the point where they can take paying passengers on tourist trips outside of the Earth’s atmosphere.
The rise of space tourism is a sign of the times, with the increasing interest in space exploration and the desire for unique travel experiences. Virgin Galactic’s innovative approach to space tourism has the potential to revolutionize the industry and make space travel accessible to the general public.
The space tourism industry is in the early stages. Investing in Virgin Galactic carries risks. The company faces stiff competition. SpaceX and Blue Origin are key rivals. Axiom Space and Space Adventures are emerging players. Virgin Galactic’s success relies on government rules. Passenger safety is crucial. Both are influenced by political and economic factors.
Analyzing Trends of Stocks traded on WallStreetBets
Identifying Common Characteristics
One of the main characteristics of WallStreetBets stocks is their volatility. This volatility comes from the collective nature of the platform, where a sudden influx of buyers and sellers can significantly impact a stock’s value. Often, WallStreetBets investors are interested in stocks that other investors might neglect or underestimate, either due to pessimism about the future of a particular industry or company or a general ignorance or lack of interest in that stock. Other common threads that link WallStreetBets stocks together are rapid growth, a promising next step, or industry leader status. One such industry leader is carbon credits issued, controlled, and verified by blockchain technology. These threads can push investors to become keen on an underlying company and its future growth potential.
Another example is GameStop, a video game retailer that was once struggling to stay afloat. However, WallStreetBets investors saw potential in the company and started buying up its shares, leading to a massive surge in its stock price. This surge was driven by a combination of factors, including the company’s strong online presence and the potential for it to capitalize on the growing trend of online gaming.
Yet another example is AMC Entertainment, a movie theater chain that was hit hard by the pandemic. Despite facing significant challenges, WallStreetBets investors saw potential in the company’s ability to adapt to the changing landscape of the entertainment industry. They also recognized that the company had a loyal customer base that would likely return to theaters once the pandemic was under control. As a result, AMC’s stock price skyrocketed, with the company becoming one of the most talked-about stocks on the WallStreetBets platform.
The Role of Social Media in Stocks Traded on WallStreetBets
WallStreetBets investors claim they discuss investment philosophies. They deny coordinated investing tactics. Yet, their actions impact the stock market significantly. Social media platforms are the catalysts. In recent years, these platforms gained importance. Twitter and Reddit are key examples. They offer forums for investors. Here, thoughts and market ideas are shared. This new dynamic affects market behavior.
However, it is important to note that social media sentiment, or WSB sentiment, should not be the only factor that investors consider when making investment decisions. While it can be a useful tool for gauging market sentiment, it is not always an accurate reflection of a company’s actual performance or prospects. Therefore, investors should always conduct their due diligence and carefully consider all available information before making any investment decisions.
The Power of Memes and Hype in Stocks Traded on WallStreetBets
The WallStreetBets influence comes from members collectively discussing and sharing posts related to various items, not just financial ones. This freewheeling approach to the discussion occasionally amounts to memes and memes that go viral. WallStreetBets traders have demonstrated the ability to turn a seemingly mundane investment vehicle into what amounts to a viral trend based entirely on clever marketing and online hype.
For example, consider the case of Dogecoin, a cryptocurrency that was created as a joke. Despite its origins, Dogecoin gained a significant following on social media, with WallStreetBets investors leading the charge. The hype around Dogecoin led to a massive surge in its price, with the cryptocurrency briefly becoming one of the most valuable coins on the market. Another stock portfolio that received massive hype was Nanci Pelosi’s, click here for all the insights.
However, it is important to remember that hype and memes can only take a stock or cryptocurrency so far. Ultimately, a company’s performance and prospects are what will determine its long-term success. Therefore, while it can be tempting to jump on the latest trend or hype train, investors should always carefully consider the underlying fundamentals of a company before making any investment decisions.
Risks and Rewards of Stocks traded on WallStreetBets
The Potential for High Returns of Stocks Traded on WallStreetBets
The potential for high returns on WallStreetBets stocks is one of the key factors driving investors’ interest in these stocks. As evidenced in the previously mentioned GameStop saga, even seemingly unassuming stocks can see sudden and significant increases in value. However, as with all stock market investments, there is no guarantee of returns.
The Dangers of Market Volatility of Stocks Traded on WallStreetBets
WallStreetBets stocks are known for their volatility, making them an exciting choice for investors looking to take calculated risks. However, it is important to remember that high levels of volatility also mean the potential for significant losses. Therefore, it is essential to approach these stocks with caution and do your due diligence before investing.
The Importance of Due Diligence and Risk Management of Stocks Traded on WallStreetBets
Before making any investment decisions, it is crucial to do thorough research and analysis. This means looking into a company’s financial reports, and future growth prospects, and examining market trends. Additionally, risk management techniques such as diversification and utilizing stop-loss orders can help mitigate potential losses.
Tips for Navigating Stocks traded on WallStreetBets
Staying Informed and Up-to-Date
Keeping up to date with the latest trends and news is vital in the world of stock trading. It can help you identify emerging opportunities and avoid potential pitfalls. Therefore, it is recommended to regularly read up on the companies and markets you are interested in.
Diversifying Your Investment Portfolio
Investing in different sectors and asset classes can help spread risk and provide a more stable investment portfolio. This means not just looking at WallStreetBets stocks but diversifying with long-term, blue-chip stocks or Exchange-Traded Funds (ETFs).
Knowing When to Hold and When to Sell
Knowing when to hold or sell a stock is a major consideration when investing. Along with understanding a stock’s potential, your investment goals and risk appetite must be kept in mind. It’s essential to have a long-term view, setting stop losses and taking profits.
Conclusion
WallStreetBets’ impact on the stock market is significant, with numerous stocks seeing sudden increases in demand and price upon being discussed on the platform. As more investors flock to the platform, it becomes clear that WallStreetBets’ influence will only grow stronger. Still, the importance of careful research, risk management, and diversification cannot be overstated in any investment portfolio, no matter where an investor may draw inspiration from.
References
- Impact of internet forum trends and retail investors’ online discussion on stock price; https://ecommons.cornell.edu/bitstream/handle/1813/110461/Song_cornell_0058O_11305.pdf?sequence=1
- Democratization of retail trading: can Reddit’s WallStreetBets outperform investment bank analysts?; https://arxiv.org/abs/2301.00170
- Analysis of the effects of WallStreetBets on the stock market; https://dspace.bracu.ac.bd/xmlui/handle/10361/17024
- Applications of Machine Learning and Natural Language Processing on WallStreetBets Reddit Data to Predict GameStop Stock Prices; https://dataspace.princeton.edu/handle/88435/dsp01zs25xc66s
- r/wallstreetbets Influence on the Stock Market; chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=9082927&fileOId=9082966
- WallStreetBets Top Trending Stocks; https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
- AMC Entertainment shares shoot up 35% as Reddit traders double down; https://www.cnbc.com/2021/05/27/amc-entertainment-shares-shoot-up-40percent-as-reddit-traders-double-down.html
- Statista – Tesla’s vehicle deliveries by quarter – 2021; https://www.statista.com/statistics/502208/tesla-quarterly-vehicle-deliver
- Voluntary Carbon Market: Price, Growth, Size and News - December 7, 2023
- Investing in Carbon Credits: What You Need to Know - December 6, 2023
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