Published on 30 Apr 2024 on Insider Monkey via Yahoo Finance
13 Best Reddit Stocks to Buy Now
In this article, we will take a detailed look at the 13 Best Reddit Stocks to Buy Now. For a quick overview of such stocks, read our article 5 Best Reddit Stocks to Buy Now.
Millions of young retail investors turn to Reddit every day to talk or learn about the stock market. Back in the pandemic days, the rise of zero-commission stock trading apps and excessive cash allowed Redditors to build a strong investing community which went on to spar with hedge funds over shorted stocks like GameStop and AMC. Those days marked a turning point in the retail investing landscape. Data shows that millions of young Americans today use social media for investing advice. A report by FINRA Investor Education Foundation says that about 60% of investors aged 18–34 take investing advice from social media.
Can Reddit Stock Picks Beat The Market?