Today’s trending Reddit stocks

Here are some of the most mentioned stocks on Reddit in the past 24 hours.

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Charlie Barton

What stocks are trending on Reddit right now?

RankLogo CodeStock Mentions 24-hour mentions changeUpvotes Latest close price 3-month price chart
1 NVIDIA 814 57%3,754 N/A
2 MicroStrategy 743 246%11,413 N/A
3 SPDR S&P 500 ETF Trust 329 53%1,113 N/A
4 Supermicro 229 -59%794 N/A
5 Walmart 219 61%879 N/A
6 Intuitive Machines 177 149%996 N/A
7 Archer Aviation 168 380%811 N/A
8 Tesla 118 -59%477 N/A
9 Palantir 115 -46%232 N/A
10 Rocket Lab USA 114 30%647 N/A
11 AMD 89 29%360 N/A
12 Invesco QQQ ETF 88 49%312 N/A
13 Target 73 1,117%214 N/A
14 Weight Watchers 66 313%898 N/A
15 Antero Midstream 54 -16%164 N/A
16 DTE Energy 53 26%1,392 N/A
17 Microsoft 48 60%190 N/A
18 Snowflake 45 309%212 N/A
19 Marathon Digital Holdings 45 -26%1,824 N/A
20 Vanguard S&P 500 ETF 42 5%203 N/A
21 ASML 40 208%1,047 N/A
22 Amazon 38 N/A284 N/A
23 Spirit Airlines 36 -63%128 N/A
24 Reddit 34 100%126 N/A
25 Robinhood 33 -40%177 N/A
26 AST SpaceMobile 32 -32%68 N/A
27 Palo Alto Networks 31 675%63 N/A
28 Oklo 31 -66%293 N/A
29 Netflix 31 -31%132 N/A
30 Allstate 28 211%312 N/A
31 Trump Media & Technology Group 26 -73%30 N/A
32 Chemours 26 4%91 N/A
33 CLEAR Secure 26 30%894 N/A
34 Meta Platforms (Facebook) 25 14%71 N/A
35 Vanguard Total Stock Market ETF 23 109%48 N/A
36 Gartner 23 5%103 N/A
37 Hims & Hers Health 22 -50%196 N/A
38 Alphabet (Google) 22 16%110 N/A
39 AppLovin 21 200%16 N/A
40 Vertiv Holdings 20 100%51 N/A
41 SoFi 20 -17%68 N/A
42 ON Semiconductor 18 157%51 N/A
43 Apple 18 20%81 N/A
44 IonQ 17 -51%233 N/A
45 Carvana 17 31%238 N/A
46 Boeing 16 N/A33 N/A
47 Interlink Electronics 16 60%134 N/A
48 Eli Lilly 16 -50%42 N/A
49 Alphabet (Google) 16 -24%43 N/A
50 NuScale Power 15 36%217 N/A
51 Intel 15 -80%68 N/A
52 Southern Company 14 180%20 N/A
53 ProShares Trust - ProShares UltraPro QQQ 14 75%35 N/A
54 Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Share 13 44%57 N/A
55 Costco 13 333%36 N/A
56 Mastercard 13 225%27 N/A
57 Forestar Group 13 63%15 N/A
58 XPeng 12 71%28 N/A
59 SoundHound AI 12 50%26 N/A
60 Alibaba 12 71%25 N/A
61 enCore Energy 12 100%61 N/A
62 Powell Industries 11 267%33 N/A
63 Micron Technology 11 -15%34 N/A
64 Akoustis Technologies 11 38%65 N/A
65 Recursion Pharmaceuticals 11 1,000%120 N/A
66 Globalstar 11 -8%42 N/A
67 ZIM Integrated Shipping Services 11 1,000%33 N/A
68 Viking Therapeutics 11 120%29 N/A
69 Celsius Holdings 11 22%31 N/A
70 Wheels Up 11 83%25 N/A
71 Symbotic 10 -70%38 N/A
72 Broadcom 10 43%28 N/A
73 Interactive Brokers 10 -38%34 N/A
74 23andMe 10 233%14 N/A
75 Desktop Metal 10 400%109 N/A
76 Dolby 9 N/A17 N/A
77 Lemonade 9 800%22 N/A
78 BlackBerry 9 800%44 N/A
79 Block 9 -40%18 N/A
80 Pintec Technology 9 200%36 N/A
81 TSMC 9 50%18 N/A
82 Schwab Strategic Trust - CSIM Schwab US Dividend Equity ETF 9 800%14 N/A
83 Keysight 8 N/A20 N/A
84 Mainz Biomed 8 -11%7 N/A
85 ProShares Trust - ProShares Ultra VIX Short-Term Futures ETF 8 14%25 N/A
86 Novo Nordisk 8 N/A17 N/A
87 Grocery Outlet 8 N/A15 N/A
88 KULR Technology 8 -20%26 N/A
89 Pfizer 8 167%109 N/A
90 NIO 8 167%21 N/A
91 ServiceNow 8 33%38 N/A
92 fuboTV 7 600%97 N/A
93 Lockheed Martin 7 600%0 N/A
94 Centrus Energy 7 600%11 N/A
95 Rigetti Computing 7 250%15 N/A
96 D-Wave Quantum 7 600%92 N/A
97 Hasbro 7 600%28 N/A
98 Energy Transfer Partners 7 -13%23 N/A
99 Arm Holdings 7 250%14 N/A
100 BlackRock Institutional Trust Company N.A. - BTC iShares Russell 2000 7 N/A12 N/A

To generate this list, we’ve aggregated trending stock information from Reddit’s most active subs, including r/WSB, r/stocks, r/investing and r/ShortSqueeze.

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Why does Reddit have any impact on the stock market?

At the start of 2021, Reddit cemented itself as a key trading indicator for many seasoned and institutional investors around the world. This was because GameStop, a US-based video game retailer, spiked over 700% during a frenzied few days at the end of January.

GameStop sky-rocketed around 8,000% over six months. The stock became a piece in a rather complicated financial power struggle puzzle between a major hedge fund, Melvin Capital, and a group of internet investors who congregated on Reddit. GameStop became the subject of what’s known as ‘short selling’, a process in which professional investors borrow shares of stock to sell them and then buy them back at a later date, allowing them to make a profit if the stock price goes down. In simple terms, short-selling is a bet that the company will fail, with infinite loss potential.

Long story short, Reddit investors found an opportunity to make some money by aggressively buying GameStop stocks, which resulted in an internet pile on, with everyone from Elon Musk to Wolf of Wall Street’s Jason Belfort wading into the debate and hype. A boom of coverage of the now infamous subreddit r/WallStreetBets made sure the frenzy continued through January.

We’ve compiled some of the trending Reddit stocks above to give you some inspiration, but if you’d like to take a look at Reddit yourself, here’s how you can find trending stocks on Reddit:

  1. Go to investing subreddits. Some examples are r/WallStreetBets, r/Stocks, r/Investing and r/PennyStocks. If you’re looking for specific categories, like dividend stocks, you can search for other subreddits.
  2. Sort the posts. You can do this with the “hot”, “new” and “top” buttons above the posts and choose a time period to sort by.
  3. Read the discussions. You can find out what people are talking about and read their research to find out why the stock is trending.
  4. Do your own research. Before you dive in and invest, look into the stock yourself and weigh up the risks involved.

Does Reddit matter to ordinary investors?

The GameStop scenario tells us that, yes, it does. For example during the frenzy, brokerages were forced to suspend trading of certain stocks, and even caused outages of entire apps. This was due to the intense strain put on the infrastructure of brokerages and trading apps, many of which received unprecedented volumes of trades and new sign ups.

The GameStop affair has also caused a lasting shift in the analysis conducted by institutions. The internet has empowered retail investors, the combined force of which now matched institutions when it comes to buying power and volume. This changed the dynamics of investing somewhat, you’d think in favour of the little guy – though it remains to be seen if retail investor success has eaten into the profits of the big guns on Wall Street.

Reddit stocks list

Reddit has provided some of the most dramatic investing stories since the start of 2020, the most famous of those being the GameStop frenzy. Some of the most commonly talked about stocks include GameStop, AMC Entertainment, Tesla and BlackBerry.

Is Reddit a reliable place to research stocks?

The internet has been used for talking about stocks and investments since its inception. Reddit is just the latest evolution of that. There are some advantages to researching stocks on Reddit, as well as some things you should watch out for.

Advantages:

  • Anonymized forums can provide protection and create an unbiased environment which allows fruitful discussions to thrive. For example, it’s not unheard of for genuine employees at companies to participate and share genuine insight which can help readers achieve higher gains.
  • Reddit’s used globally. You can get access to insight no matter what time it is, whether you’re an early bird, up at the brink of dawn, or a night owl that prefers late night stock searching.
  • The voting system helps you filter discussions. This is great for filtering out some of the nonsense and getting straight to the good stuff.

Things to watch out for:

  • It can be difficult to verify the authority of posters. This means that you don’t really ever know the credibility of anyone in these forums, and should use insight from several sources when researching.
  • There’s a tendency for groupthink. This means that you don’t get a balanced discussion.
  • Some of these stocks can be riskier Sometimes stocks like OTC (pink sheet) stocks are mentioned, which are riskier. Stocks can become riskier once they’ve taken off a bit, as they can become very volatile.

Like any form of research, Reddit offers some things you can’t get elsewhere, but should probably just form a part of your overall research process – as opposed to being the start and end of your digging.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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Charlie Barton was a publisher at Finder. He specialised in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach. See full bio

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