3 Markedly Better Stocks to Buy Than Sundial or AMC
For the past couple of weeks, retail investors on Reddit's WallStreetBets chatroom have ruled the roost on Wall Street. These retail investors have effectively come together to buy shares and out-of-the-money call options in heavily short-sold companies or penny stocks, driving their share prices into the stratosphere. They've sent institutional and hedge fund managers scurrying for the exit.
While it's been amusing to see the little guy get some limelight on Wall Street, it's worth pointing out that these Reddit-fueled rallies have little or no substance behind them. If you need proof, just take a closer look at two of retail investors' favorite targets recently, Sundial Growers (NASDAQ: SNDL) and AMC Entertainment (NYSE: AMC).
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Source Fool.com
