2 Best Meme Stocks to Buy for June
Perhaps the hottest event happening in the market right now is the meteoric rise in meme stocks. Because shares of these companies go up rapidly, investors are seeing mouthwatering returns in a very short amount of time. What's more, companies that were once struggling can use these rallies to raise much-needed cash to pay back debt or expand their businesses. The unsung heroes of the story are really the short-sellers, however, who are footing the bill for all this.
Speaking of good meme stocks, Hims & Hers (NYSE: HIMS) and ContextLogic (NASDAQ: WISH) are both much-shorted, undervalued companies that are up 15% and 50%, respectively, in the past five days. Let's look at why they are strong buys right now.
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Source Fool.com
