2 Reddit Stocks to Buy and Hold for Years
Discussions on some Reddit boards are often associated with "meme stocks" like GameStop and AMC, which skyrocketed to all-time highs last year as retail investors promoted them as short-squeeze candidates across the social network's subreddits. Its top investing subreddit, WallStreetBets (WSB), currently has 12.3 million members.
But over the past year, many of the so-called "Reddit stocks" collapsed as rising interest rates drove investors toward more conservative investments. The term "Reddit stock" also became synonymous with low-quality stocks which merely traded on their short-term momentum and short-squeeze potential instead of their fundamental strengths.
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Source Fool.com
