3 Stocks for the Reddit Generation
Move over, Robinhood. Reddit's driving the market these days. GameStop is the name that turned heads with the mother of all short squeeze and gamma squeeze rallies, but the video game retailer is a bad long-term bet for members of the WallStreetBets subreddit group. Sales are a little more than half of what they were when it peaked eight years ago, and there's no legitimate catalyst to reverse the negative trajectory.
Investors can cash in on stocks when a lot of folks are betting against the investments, but this only works on a sustainable basis when we're talking about growing companies riding promising trends. I screened for stocks where at least 25% of their outstanding float is currently being sold short on Finviz. There are a lot of stinkers in that list, but three I like are BurgerFi (NASDAQ: BFI) (NASDAQ: OPES), Beyond Meat (NASDAQ: BYND), and HUYA (NYSE: HUYA). Let's play.
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Source Fool.com
