2 Reddit Stocks to Buy and Hold for Years
Retail investors have more ability than ever to share and spread their ideas about stocks thanks to the growing popularity of internet message boards like Reddit, where the popular subreddit WallStreetBets has attracted nearly 11 million members.
A crowd that large can collectively unearth a ton of investment ideas, and while those traders may sometimes focus on potential short-term opportunities of questionable long-term value, I see two popular "Reddit stocks" as having the makings of great holdings for the long haul.
The automotive industry has been grappling with the rising popularity of electric vehicles ever since Tesla revolutionized the niche over a decade ago and succeeded in building a mainstream brand. Now, a crowd of start-ups and legacy automakers are racing to bring large numbers of new electric models to market, and the overall automotive industry looks as though it's on course to (someday) phase out the internal combustion engine. The electric vehicle market is forecast to grow at an annualized rate of 33.6% through 2027, steadily building market share.
Source Fool.com
