4 WallStreet Bets Stocks to Avoid in December

This post was originally published on this site

However, the recent market pullback, driven by rising concerns surrounding the omicron COVID-19 variant has also caused meme stocks to take a hit. This is evident from VanEck Vectors Social Sentiment ETF’s (BUZZ) 1.8% decline over the past month. Meme stocks tend to be very risky investments and highly depend on investor sentiment rather than macroeconomic factors. As investors hedge their portfolios against a severe market pullback, meme stocks are expected to slump in the near term.

Popular meme stocks The Walt Disney Company (NYSE:DIS), GameStop Corp . (NYSE:GME), Peloton Interactive, Inc. (PTON), and ContextLogic Inc. (WISH) have been slumping over the past few months. Moreover, with infrequent mentions on wallstreetbets, these fundamentally weak stocks are best avoided now.

Continue reading on StockNews

Add Comment