These are the top 10 stocks Reddit’s Wall Street Bets is talking about right now

Reddit Wall Street Bets Retail Trading GameStop
  • 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 top 10 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.

But while some stocks popular with the Reddit crowd have seen massive gains, some have also seen epic losses. In the past month, many meme stocks have seen accelerating declines, with AMC Entertainment and GameStop both down more than 50% from their June highs.

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. McAfee

Ticker: MCFE
Wall Street Bet Mentions Over Past 24 Hours: 138
Market Capitalization: $US12.8 ($AU17) billion
1-Week Performance: 9%

McAfee

9. Virgin Galactic

Ticker: SPCE
Wall Street Bet Mentions Over Past 24 Hours: 146
Market Capitalization: $US7.8 ($AU11) billion
1-Week Performance: 2%

Virgin galactic whiteknighttwo
A spacecraft attached to its carrier vehicle, WhiteKnightTwo. Virgin Galactic

8. GameStop

Ticker: GME
Wall Street Bet Mentions Over Past 24 Hours: 153
Market Capitalization: $US11.3 ($AU15) billion
1-Week Performance: -7%

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

7. Cloudfare

Ticker: NET
Wall Street Bet Mentions Over Past 24 Hours: 170
Market Capitalization: $US28.3 ($AU39) billion
1-Week Performance: 1%

Computer hacker silhouette
Computer hacker silhouette Getty

6. Tesla

Ticker: TSLA
Wall Street Bet Mentions Over Past 24 Hours: 193
Market Capitalization: $US688.4 ($AU938) billion
1-Week Performance: 6%

Tesla SuperCharger

5. AMC Entertainment

Ticker: AMC
Wall Street Bet Mentions Over Past 24 Hours: 251
Market Capitalization: $US17.3 ($AU24) billion
1-Week Performance: -12%

AMC Entertainment

4. MicroVision

Ticker: MVIS
Wall Street Bet Mentions Over Past 24 Hours: 258
Market Capitalization: $US2.2 ($AU3) billion
1-Week Performance: -3%

MicroVision Lidar rendering.
Lidar rendering. MicroVision

3. Moderna

Ticker: MRNA
Wall Street Bet Mentions Over Past 24 Hours: 259
Market Capitalization: $US163.4 ($AU223) billion
1-Week Performance: 19%

Image
Noubar Afeyan at the Moderna IPO. Flagship Pioneering

2. AMD

Ticker: AMD
Wall Street Bet Mentions Over Past 24 Hours: 280
Market Capitalization: $US132.1 ($AU180) billion
1-Week Performance: 10%

AMD Radeon

1. Robinhood

Ticker: HOOD
Wall Street Bet Mentions Over Past 24 Hours: 1,070
Market Capitalization: $US42.6 ($AU58) billion
1-Week Performance: 46%

Robinhood logo stocks investing