Hot stocks to buy now? 3 meme actions to watch out for


With the current meme stocks frenzy recently rekindled, seasoned, and new investors might once again be wondering “what is a stock of memes?Along with that question, some may also be looking for heavily shorted stocks right now in the stock market. For those who are unfamiliar, this would all require a brief explanation before going into specifics.

For starters, the current craze for memes actions started in January earlier this year. As most know, the GameStop Corporation (NYSE: GME) is the classic memes store where it all began. Put simply, retail investors have banded together via a web page on the social media platform Reddit, to increase GME’s stock. The main reason is that Chewy (NYSE: CHWY) co-founder Ryan Cohen has joined the GameStop board. Additionally, the fact that GME stock was sold short by institutional investors would also be a factor at play. Fast forward to the last few weeks and we can see that there appears to be a resurgence of investor interest. for actions even now.

Of course, some would argue that memes stocks aren’t the safest game in the stock market today. While they can dominate stock market news in general, most of the larger stocks are often volatile, to say the least. However, there are still some names in this group of stocks that hold some long-term potential. After all, retail investors would be able to pool their collective research and knowledge, creating relevant investment strategies. So while stocks of memes such as GameStop and BioNano Genomics (NASDAQ: BNGO) are currently posting gains of over 1,200% over the past year, a question remains. Now is the time to jump on the memes action train? If you’re leaning towards a yes, here are three trends right now.

Best meme stocks to buy [Or Sell] This week

AMC Entertainment Holdings Inc.

AMC is one of the largest film companies in the United States and around the world with approximately 950 theaters and 10,500 screens around the world. The company has recently been part of the same equity craze and has seen its valuation soar to astronomical heights. It happened as Reddit day traders continue to rally to this meme action to continue to push up the company’s stock price. AMC’s stock is up more than 2,500% since the start of the year.

Source: TD Ameritrade CGU

Last week, the company unveiled a new communications initiative to engage directly with its retail shareholder base. AMC plans to do so with the launch of AMC Investor Connect. The new initiative will put AMC in direct communication with its base of enthusiastic and passionate shareholders to provide them with special offers and keep them up to date with important company information. Shareholders will benefit from exclusive promotions, which include free or discounted items as well as invitations to special screenings. The stock has risen by more than 70% since this announcement in early June.

In March, the company also released its first quarter financial results for 2021. While not operating at full capacity, the company says it is well positioned for growth given the favorable conditions AMC finds itself in. . First, it is the result of a successful and steadily growing vaccination program in the United States, Europe and the Middle East. Second, the company proactively implemented its comprehensive and effective AMC Safe & Clean protocols before it fully reopened. Impressively, the company saw around 7 million U.S. and international customers return to its theaters in the first quarter. Given the excitement over AMC, will you consider buying AMC shares?

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Wendy’s company

Wendy’s is a holding company for the large Wendy’s fast food chain. Today, Wendy’s and its franchisees employ hundreds of thousands of people in more than 6,700 restaurants around the world. It also aims to become one of the most successful and popular restaurant brands in the world. WEN stock is up over 18% during Tuesday’s trading session and is currently trading at $ 27.17 at 1:07 p.m. ET. The company appears to be the latest target for retail traders as the spotlight turns to restaurant stocks.

meme actions (WEN actions)Source: TD Ameritrade CGU

Last week, the company announced its arrival in the UK. Specifically, Wendy’s selected Reading because it is a great community with a strong employee base and close to a major transportation hub. It is certainly an exciting time for the company as it marks the official launch of the brand in the UK and across Europe. Last month, the company also announced the transition of 13 franchised restaurants in the province of Quebec, Canada. With the deal, Wendy is also looking to build more restaurants through 2025. If things go as planned, Wendy’s could double its presence in the region.

Additionally, the company released its first quarter financial results on May 12, 2021. Impressively, the company continues to see sales increase system-wide, an increase of 12.5% ​​year-over-year. ‘other. System-wide sales were $ 2.951 billion for the quarter. “We are significantly increasing our financial outlook for 2021 across all key financial indicators, thanks to an exceptional first quarter that underscores our continued momentum and the overall strength of our business,Said President and CEO Todd Penegor. For these reasons, will you consider adding WEN stock to your portfolio?

[Read More] 4 artificial intelligence stocks to watch right now

BlackBerry Limited

BlackBerry is a technology company that provides intelligent security software and services to businesses and governments around the world. The company says it secures more than 500 million terminals, including 175 million cars on the road today. Based in Ontario, Canada, BlackBerry leverages AI and machine learning to deliver innovative solutions in cybersecurity, security and data privacy solutions. BB stock is currently trading at $ 15.68 at 1:08 p.m. ET and has more than doubled since the start of the year.

best meme stocks to buy now (BB stocks)Source: TD Ameritrade CGU

Operationally, BlackBerry has also been busy. Just yesterday, the company provided a major update on its Neutrino real-time operating system (NROS). Namely, the NROS will be used in a new automotive software stack as BlackBerry collaborates with BiTECH Automotive, a Sino-foreign joint venture. In turn, the NROS will be installed in Changan Automobile’s new SUV, the UNI-K, adding to BlackBerry’s presence in the Chinese automotive market. According to BlackBerry, its software will help deliver a personalized user experience to drivers while monitoring critical vehicle systems.

Overall, BlackBerry seems to be stepping up a gear with its latest collaboration. This is in large part thanks to BiTECH’s current customer base. At present, car manufacturers such as Audi, Volvo and Geely are currently using its products. When paired with its current market gains, would you consider BB stock a buy now?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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