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Today’s trending Reddit stocks

Here are some of the most mentioned stocks on Reddit in the past 24 hours.

What shares are trending on Reddit right now?

RankLogo CodeStock Mentions 24-hour mentions changeUpvotes Latest close price 3-month price chart
1 SPYSPDR S&P 500 ETF Trust 295 -23%1,376 $495.64
2Tesla logo TSLATesla 273 39%709 $148.41
3NVIDIA logo NVDANVIDIA 244 -44%650 $808.295
4Marathon Digital Holdings logo MARAMarathon Digital Holdings 126 -34%365 $16.36
5 ZIMZIM Integrated Shipping Services 86 12%306 $10.0099
6DTE Energy logo DTEDTE Energy 81 -1%621 $107.9015
7 QQQInvesco QQQ ETF 60 -57%286 $418.3801
8Intercontinental Exchange logo ICEIntercontinental Exchange 41 1,267%312 $130.31
9JPMorgan Chase logo JPMJPMorgan Chase 40 18%204 $183.25
10 VOOVanguard S&P 500 ETF 40 -40%188 $457.56
11AMD logo AMDAMD 38 -42%205 $148.392
12Microsoft logo MSFTMicrosoft 35 -44%108 $398.65
13UnitedHealth logo UNHUnitedHealth 34 162%85 $504.89
14Douglas Emmett logo DEIDouglas Emmett 32 540%688 $13.13
15 VTIVanguard Total Stock Market ETF 30 -27%65 $245.22
16Apple logo AAPLApple 29 -38%174 $164.2833
17Antero Midstream logo AMAntero Midstream 28 -51%58 $13.985
18Riot Blockchain logo RIOTRiot Blockchain 26 13%111 $8.91
19Gartner logo ITGartner 25 -34%98 $442.545
20AMC Entertainment logo AMCAMC Entertainment 25 -48%-243 $3.205
21Delta Air Lines logo DALDelta Air Lines 25 25%51 $47.905
22 YOUCLEAR Secure 22 10%66 $18.09
23Meta Platforms (Facebook) logo METAMeta Platforms (Facebook) 21 17%80 $480.18
24Bank of America logo BACBank of America 20 5%50 $36.895
25 FSRFisker 20 -33%102 $0.0522
26Spirit Airlines logo SAVESpirit Airlines 19 6%61 $4.0675
27Boeing logo BABoeing 19 -24%2,454 $170.32
28 MSOSAdvisorshares Trust - AdvisorShares Pure US Cannabis ETF 19 171%156 $9.195
29 IWMBlackRock Institutional Trust Company N.A. - BTC iShares Russell 2000 16 -43%35 $193.22
30Cameco logo CCJCameco 16 1,500%65 $47.83
31Chindata logo CDChindata 15 -25%59 $8.45
32Alibaba logo BABAAlibaba 15 650%33 $68.495
33Netflix logo NFLXNetflix 15 7%27 $554.78
34Amazon logo AMZNAmazon 14 -26%40 $174.35
35Interactive Brokers logo IBKRInteractive Brokers 14 133%31 $111.08
36MicroStrategy logo MSTRMicroStrategy 14 -52%28 $1177.22
37Tilray logo TLRYTilray 13 -13%107 $1.7247
38Eversource Energy logo ESEversource Energy 12 -8%26 $59.48
39General Motors logo GMGeneral Motors 12 50%126 $42.495
40 GBTCGrayscale Bitcoin Trust 12 -68%70 $56.82
41 BITOProShares Bito 11 10%85 $27.92
42 ESGFlexShares Trust - FlexShares STOXX US ESG Impact Index Fund 11 1,000%79 $120.3
43Kingsoft Cloud logo KCKingsoft Cloud 11 450%510 $2.665
44Desktop Metal logo DMDesktop Metal 10 -33%156 $0.8197
45 ME23andMe 10 11%40 $0.5287
46 PRPermian Resources 10 25%34 $17.11
47Eli Lilly logo LLYEli Lilly 10 11%16 $728.69
48Lockheed Martin logo LMTLockheed Martin 10 43%20 $463
49 URAGlobal X Funds - Global X Uranium ETF 10 233%41 $28.665
50 DODiamond Offshore Drilling 9 13%49 $12.79
51 TQQQProShares Trust - ProShares UltraPro QQQ 9 -18%18 $50.88
52SP Plus Corporation logo SPSP Plus Corporation 9 -53%11 $51.01
53Forestar Group logo FORForestar Group 8 -33%22 $31.64
54Raytheon Technologies logo RTXRaytheon Technologies 8 -27%12 $101.7
55Boyd Gaming logo BYDBoyd Gaming 8 N/A8 $62.86
56Allstate logo ALLAllstate 7 -59%44 $173
57GameStop logo GMEGameStop 7 -42%2 $10.3503
58 EUenCore Energy 7 -56%23 $4.135
59Weight Watchers logo WWWeight Watchers 7 -36%26 $1.75
60Costco logo COSTCostco 7 600%51 $702.44
61TSMC logo TSMTSMC 7 -30%11 $127.05
62 GLDSSgA Active Trust - SSgA SPDR Gold Shares 7 600%36 $221.735
63Lucid Motors logo LCIDLucid Motors 7 40%20 $2.4339
64Easterly Government Properties logo DEAEasterly Government Properties 7 250%112 $11.575
65 URNMSprott Uranium Miners ETF 7 40%25 $49.4868
66Uranium Energy logo UECUranium Energy 7 600%21 $6.81
67 UPWheels Up 6 -40%22 $2.575
68Toronto Dominion Bank logo TDToronto Dominion Bank 6 50%13 $57.815
69Mastercard logo MAMastercard 6 50%20 $453.45
70Big Lots logo BIGBig Lots 6 200%631 $3.635
71Osisko Gold Royalties logo OROsisko Gold Royalties 6 -14%7 $16.23
72 DCDakota Gold 6 50%13 $2.5
73ON Semiconductor logo ONON Semiconductor 6 -45%38 $61.15
74 VTVanguard Group, Inc. - Vanguard Total World Stock ETF 6 -25%7 $104.82
75 SOFISoFi 6 N/A17 $7.1
76Robinhood logo HOODRobinhood 6 20%16 $16.615
77NIO logo NIONIO 6 -25%17 $3.815
78Healthcare Realty logo HRHealthcare Realty 6 N/A23 $13.92
79 VXUSVanguard Group, Inc. - Vanguard Total International Stock ETF 6 200%16 $57.785
80Alcoa logo AAAlcoa 6 N/A409 $36.11
81 JEPIJ.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Incom 6 50%17 $55.365
82Goldman Sachs logo GSGoldman Sachs 6 200%9 $403.895
83CrowdStrike logo CRWDCrowdStrike 6 500%31 $282.33
84Energy Fuels logo UUUUEnergy Fuels 6 200%12 $5.815
85DocuSign logo DOCUDocuSign 6 20%28 $55.7152
86 UROYUranium Royalty 6 N/A27 $2.3301
87Chemours logo CCChemours 5 -55%9 $26.16
88Globe Life logo GLGlobe Life 5 -17%13 $66.24
89 TLTBlackRock Institutional Trust Company N.A. - BTC iShares 20+ Year Trea 5 -17%6 $89.11
90 VERYVericity 5 25%42 $11.3
91Exxon Mobil logo XOMExxon Mobil 5 N/A4 $119.79
92Sphere 3D logo ANYSphere 3D 5 150%19 $1.1
93Reliance Steel & Aluminum logo RSReliance Steel & Aluminum 5 150%10 $316.7
94 CLSKCleanSpark 5 67%11 $17.305
95 MLMoneyLion 5 150%5 $69.77
96 WULFTeraWulf 5 150%10 $2.245
97Hasbro logo HASHasbro 5 67%115 $55.19
98MediaAlpha logo MAXMediaAlpha 5 400%-15 $18.61
99 JUSTGoldman Sachs ETF Trust - Goldman Sachs Just Us Large Cap Equity ETF 5 67%21 $71.3796
100United Airlines Holdings logo UALUnited Airlines Holdings 5 150%8 $50.985

To generate this list, we've aggregated trending stock information from Reddit's most active subs, including r/WSB, r/stocks, r/investing and r/ShortSqueeze.

Why does Reddit have any impact on the stock market?

At the start of 2021, Reddit cemented itself as a key trading indicator for many seasoned and institutional investors around the world. This was because GameStop, a US-based video game retailer, spiked over 700% during a frenzied few days at the end of January.

GameStop sky-rocketed around 8,000% over six months. The stock became a piece in a rather complicated financial power struggle puzzle between a major hedge fund, Melvin Capital, and a group of internet investors who congregated on Reddit. GameStop became the subject of what's known as 'short selling', a process in which professional investors borrow shares of stock to sell them and then buy them back at a later date, allowing them to make a profit if the stock price goes down. In simple terms, short-selling is a bet that the company will fail, with infinite loss potential.

Long story short, Reddit investors found an opportunity to make some money by aggressively buying GameStop shares, which resulted in an internet pile on, with everyone from Elon Musk to Wolf of Wall Street's Jordan Belfort wading into the debate and hype. A boom of coverage of the now infamous subreddit r/WallStreetBets made sure the frenzy continued through January.

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We've compiled some of the trending Reddit stocks above to give you some inspiration, but if you'd like to take a look at Reddit yourself, here's how you can find trending stocks on Reddit:

  1. Go to investing subreddits. Some examples are r/WallStreetBets, r/Stocks, r/Investing and r/PennyStocks. If you're looking for specific categories, like dividend stocks, you can search for other subreddits.
  2. Sort the posts. You can do this with the "hot", "new" and "top" buttons above the posts and choose a time period to sort by.
  3. Read the discussions. You can find out what people are talking about and read their research to find out why the stock is trending.
  4. Do your own research. Before you dive in and invest, look into the stock yourself and weigh up the risks involved.

Does Reddit matter to ordinary investors?

The GameStop scenario tells us that, yes, it does. For example during the frenzy, brokerages were forced to suspend trading of certain stocks, and even caused outages of entire apps. This was due to the intense strain put on the infrastructure of brokerages and trading apps, many of which received unprecedented volumes of trades and new sign ups.

The GameStop affair has also caused a lasting shift in the analysis conducted by institutions. The internet has empowered retail investors, the combined force of which now matched institutions when it comes to buying power and volume. This changed the dynamics of investing somewhat, you'd think in favour of the little guy - though it remains to be seen if retail investor success has eaten into the profits of the big guns on Wall Street.

Reddit stocks list

Reddit has provided some of the most dramatic investing stories since the start of 2020, the most famous of those being the GameStop frenzy. Some of the most commonly talked about stocks include GameStop, AMC Entertainment, Tesla and BlackBerry.

Is Reddit a reliable place to research stocks?

The internet has been used for talking about stocks and investments since its inception. Reddit is just the latest evolution of that. There are some advantages to researching stocks on Reddit, as well as some things you should watch out for.

Advantages:

  • Anonymised forums can provide protection and create an unbiased environment which allows fruitful discussions to thrive. For example, it's not unheard of for genuine employees at companies to participate and share genuine insight which can help readers achieve higher gains.
  • Reddit's used globally. You can get access to insight no matter what time it is, whether you're an early bird, up at the brink of dawn, or a night owl that prefers late night stock searching.
  • The voting system helps you filter discussions. This is great for filtering out some of the nonsense and getting straight to the good stuff.

Things to watch out for:

  • It can be difficult to verify the authority of posters. This means that you don't really ever know the credibility of anyone in these forums, and should use insight from several sources when researching.
  • There's a tendency for groupthink. This means that you don't get a balanced discussion.
  • Some of these stocks can be riskier Sometimes stocks like pink sheet stocks are mentioned, which are riskier. Stocks can become riskier once they've taken off a bit, as they can become very volatile.

Like any form of research, Reddit offers some things you can't get elsewhere, but should probably just form a part of your overall research process - as opposed to being the start and end of your digging.

This article offers general information about investing and the stock market, but should not be construed as personal investment advice. It has been provided without consideration of your personal circumstances or objectives. It should not be interpreted as an inducement, invitation or recommendation relating to any of the products listed or referred to. The value of investments can fall as well as rise, and you may get back less than you invested, so your capital is at risk. Past performance is no guarantee of future results. If you're not sure which investments are right for you, please get financial advice. The author holds no positions in any share mentioned.

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