Introduction:
The trading community on Reddit gained much prominence after the entire Gamestop movement in 2021. Though investors from the traditional school of business might be ready to dismiss this growing Reddit community of traders, they are in no way of lesser importance. The community of Reddit traders has widely used Robinhood, and this could be listed as one of the contributing factors to why they are not taken seriously. Robinhood, a trading app, primarily became the reason for the growth in meme stocks like AMC Entertainment and, of course, the now-famous Gamestop. However, this is just a misnomer that only meme stocks have seen a hike on this app. Robinhood’s highest grossing stock was Apple, a world-renowned company that every legitimate investor wants to invest in. this is not the only example of the stock of a famous company being owned by traders on the Reddit community. Several others could be recorded by a software called Marketbeat, which keeps track of the number of times a particular stock has been mentioned online to measure how popular it is. They also accumulate the entire data and provide an overall ranking for the Reddit trading community. This helps buyers understand which stocks have the potential for future growth based on the number of online mentions they have received on Reddit.
Stocks for 2022 Reddit:
If someone is looking for stocks to invest in, here is a list of five stocks to buy now that the Reddit community approves and is buzzing about for 2022:
1. Gamestop
Gamestop (NYSE: GME) is the original Reddit stock. Consensus tells people to dismiss the stock, but this would be acting haste. The true believers of the stock retain their trust in it because of its main model. The stock rate depends on the consensus sale rating as per the analysts. So when the rating is high, it would mean that the Reddit crowd has been buzzing about the stock and vice versa. They have a consensus sale rating on the stock, so if game stock is to go higher, it will be due to the Reddit crowd. However, the report from the company is also quite likely to drive a higher price of the stock in the stock market.
2. AMC entertainment
AMC Entertainment (NYSE: AMC) has garnered the loyalty of a devoted group of Reddit users within the community. One reason for optimism was that AMC stock was a recovery play, but so far, the box office has not recovered as swiftly as expected. This could be because the company has been facing issues with its previous business model that it still retains. However, the loyal Reddit community who owe their allegiance to the stock believe that it would recover in no time if only the company pivoted to a more flexible business model. The traditional analysts believe otherwise, and the recent reports have certainly not acted in favor of the company either.
3. Amazon.Inc
Amazon (NASDAQ: AMZN). For obvious reasons, one of the first names amongst non-meme stocks to make it to this list had to be Amazon. The price of the company’s stocks surged all the more during the pandemic because it became the one-stop destination for all the Americans isolated in their homes, who needed to buy essentials and other items.
Reports revealed a downslide for amazon in the early and middle half of 2021, but these reports also predict a significant breakthrough for Amazon in 2022 with as big as a twenty percent hike. Reddit community has predicted the same fate for the AMZN stock as well.
4. Apple Inc.
Apple (NASDAQ: AAPL) is the most purchased stock on the Robinhood stock trading platform. It has been mentioned so many times by the Reddit community that it ranks fourth as per Marketbeat rankings. The iconic iPhone manufacturer has enjoyed yet another fantastic year in market prices, and the reports suggest yet another jump in growth potential. The global chip shortage has affected a lot of telecommunication companies, but Apple is undoubtedly not one of them. This could probably be one of the reasons for its perennial popularity on the stock market and within the Reddit community alike.
5. Google or Alphabet.Inc
Alphabet (NASDAQ: GOOGL). Just as Amazon is a household name at eCommerce, Google, whose parent company is Alphabet is a household name for many reasons. The reports do not suggest any downside for Google any time soon. The projected growths only climb higher henceforth. Google stocks saw an annual hike of almost eighty percent, which is a considerable growth percentage for the parent.
Conclusion:
These stocks have maintained a constant buzz within the Reddit community for quite some time now, and predictions say that the trend will be maintained in 2022. If someone is looking to invest in these stocks right now, these stocks for Reddit 2022 are a ready blueprint for them to invest in the hottest stocks with maximum viable returns. However, it is advisable that adequate independent research is done before investment.
