Beyond Meme Stocks: Buy This Explosive Retailer Instead

One of the most powerful stock market trends in 2021 was none other than the rise of meme stocks. Communities began to form on social media sites like Reddit to rally behind individual stocks in hopes of a quick gain. This craze is why businesses like AMC Entertainment and GameStop saw their shares skyrocket a respective 1,250% and 700% in 2021, despite having what most would agree are poor fundamentals. 

I think investors would be wise not to dabble in this. Instead, a strategy centered on owning high-quality stocks for the long term is one I fully support. Five Below (NASDAQ: FIVE), for example, is a top-notch retailer finding remarkable success in the discount space. And based on some outstanding traits, I personally own the stock in my portfolio. 

Here's why you should seriously consider this explosive retailer. 

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Source Fool.com