At the time of this writing, investors are waiting for Reddit, the self-proclaimed "front page of the Internet," to make its public trading debut on March 21, 2024. A successful initial public offering (IPO) could be a sign that investors are willing to look beyond artificial intelligence (AI) and big tech for growth.
The social media company has been around for years, and many investors are familiar with it through one of its sub-Reddit's, WallStreetBets. This group of committed traders is known for identifying stocks that they believe carry a high short selling risk. However, it became a household name by birthing the meme stock movement defined by stocks such as GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC).
However, this group includes a cross section of traders and investors who discuss more than meme stocks. Even if you disagree with the group's stock picks, they have a way of influencing retail investor sentiment. In this special presentation, we're looking at seven stocks that are among the top 25 stocks trending on WallStreetBets in March 2024.
Click the "Continue to Slide #1" button to view the first company.
