3 Meme Stocks That Are Actually Solid Long-Term Picks
Broadly speaking, social networking's capacity to let us share doctored digital images hasn't proven helpful to investors. Not only do memes fail to paint the full picture of a stock's risks and rewards, social media platforms open the door to speculators' abuse. That's why these amateur and anonymous sources of investing ideas are often best left avoided.
Just because a company's the focal point of a meme, however, doesn't inherently mean it's not a name worth owning for the long haul. Here's a closer look at three names that have been heavily featured in memes, yet are still great long-term picks.
Yes, the company that arguably pioneered smartphones is still around, although BlackBerry Limited's (NYSE: BB) no longer making them. A handful of manufacturers are still licensed to use the brand name, but BlackBerry's new focus is software. Cybersecurity, encryption, remote-working solutions, and the Internet of Things are its key profit centers now. Notably, its QNX platform is well-suited for use in connected automobiles, and has been installed in more than 200 million vehicles to date.
Source Fool.com
