Following which stocks Reddit's WallStreetBets crowd is talking about paid off handsomely in 2021, as several have gone through epic rallies and seen heightened volatility.
From GameStop to AMC Entertainment, the more than 11 million-member forum has driven the conversation in so-called meme stocks that have exploded higher amid overwhelming demand from retail investors. The surge in 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.
But since those short-squeezes caused destruction for some short sellers, shares of GameStop and AMC Entertainment have fallen by about 60% from their record highs as investors begin to confront the fundamental backdrop behind the companies.
As traders look to replicate the success of WallStreetBets stocks, one data aggregator is compiling the most mentioned stocks on Reddit's forum.
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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 and financial data is sourced from Koyfin.
10. Nvidia
Ticker: NVDA WallStreetBets Mentions Over Past 24 Hours: 187 Market Capitalization: $651.6 billion One-Week Performance: -4.8%
9. Apple
Ticker: AAPL WallStreetBets Mentions Over Past 24 Hours: 230 Market Capitalization: $2.80 trillion One-Week Performance: -0.9%
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8. SoFi Technologies
Ticker: SOFI WallStreetBets Mentions Over Past 24 Hours: 254 Market Capitalization: $9.9 billion One-Week Performance: -7.7%
7. AMC Entertainment
Ticker: AMC WallStreetBets Mentions Over Past 24 Hours: 263 Market Capitalization: $9.7 billion One-Week Performance: -16.8%
6. Lucid
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Ticker: LCID WallStreetBets Mentions Over Past 24 Hours: 305 Market Capitalization: $66.1 billion One-Week Performance: -3.1%
5. Digital World Acquisition
Ticker: DWAC WallStreetBets Mentions Over Past 24 Hours: 338 Market Capitalization: $2.5 billion One-Week Performance: 60.5%
4. Tesla
Ticker: TSLA WallStreetBets Mentions Over Past 24 Hours: 740 Market Capitalization: $1.05 trillion One-Week Performance: -0.8%
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3. GameStop
Ticker: GME WallStreetBets Mentions Over Past 24 Hours: 863 Market Capitalization: $8.5 billion One-Week Performance: -15.2%
2. Microsoft
Ticker: MSFT WallStreetBets Mentions Over Past 24 Hours: 909 Market Capitalization: $2.28 trillion One-Week Performance: -2.9%
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1. Activision Blizzard
Ticker: ATVI WallStreetBets Mentions Over Past 24 Hours: 973 Market Capitalization: $64.9 billion One-Week Performance: 31.9%
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