GameStop (NYSE: GME) was not the first stock to capture the group’s attention. But it has become the symbol for the group’s mission. Although GameStop is pivoting towards an online model, there is little about the company’s fundamentals that suggest it will be a significant player in online retail. And it certainly isn’t worth the premium price that it has received from this group of traders.
Other stocks targeted by WallStreetBets include AMC Entertainment (NYSE: AMC). The company widely known for its chain of movie theaters saw its stock price ravaged during the pandemic. But the hope of a recovery combined with a popular CEO, and the embracing of crypto are just a few reasons why AMC stock remains popular.
Bed, Bath & Beyond (NASDAQ: BBBY) rose to over $35 a share in mid-2021 as the company’s revenue and earnings made it one of the retail stocks to show a strong recovery. But the stock has failed to follow up on those gains and it remains a strong candidate for short selling with over 47% of short interest on the stock as of August 2022.
Twitter (NYSE: TWTR) – Shares of the social media company have caught the attention of the WallStreetBets crowd as the question of if Elon Musk will buy the company remains unclear.
But perhaps the most widely known stock owned by the WallStreetBets crowd is Tesla (NASDAQ: TSLA). This group has played a significant role in the growth of TSLA stock. And you’ll also find bellwether companies such as Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA) among the forum’s top stocks.