7 Meme Stocks That Investors Can Get Behind

Good evening,

On June 7, 2024, over 600,000 viewers tuned in to a livestream by Keith Gill (aka Roaring Kitty). Gill is a one-time financial analyst now known as the face of the meme stock movement. 

What Gill said is less important than what the livestream signified. That is that meme stocks may be making a comeback .  

This movement began in 2020. Aided by platforms like Robinhood and Webull, investors started looking to get rich quickly by investing in stocks.  

During that time, millions of investors piled into GameStop and other stocks promoted on social media channels such as wallstreetbets.com. These have become known as meme stocks, and they’ve become a sector in and of themselves.  

In many cases, meme stocks are penny stocks. These stocks attract retail traders because a small capital investment can yield a significant profit. On the other hand, penny stocks carry some of the highest short interest that can cause the price to move wildly in either direction. 

So why is the meme stock mania back? Many investors, perhaps irrationally, believe the Federal Reserve will cut interest rates. If that happens, many of these overlooked stocks will start to draw attention. And that could mean that an investment made today could pay off in a big way.  

However, although GameStop and stocks like AMC Entertainment Holdings Inc. (NYSE: AMC)get the lion’s share of headlines, many other meme stocks are of the more conventional variety. In this special presentation, we’re looking at seven stocks that are known as meme stocks but may be worth investor attention on a broader level.  

View the 7 Meme Stocks That Investors Can Get Behind

The DividendStocks.com Team

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