"Unreliable" Stocks Rise While Strong Stocks Fall? Do You Have The Same Stocks?
@Tiger_comments:
A user on WSB shared that they bought $Reddit(RDDT)$ shares during its IPO and did nothing, yet their investment is now up 150%. Reddit is known as a platform for meme stocks, with WSB (WallStreetBets) gaining fame during the GME short squeeze battle in 2021. Despite Reddit’s association with meme stocks and its seemingly unreliable reputation, it managed to achieve profitability in this earnings report.“Unreliable” stocks bring the most profit?On Tuesday, Reddit announced its first quarterly profit and projected Q4 revenue above expectations, boosted by AI content licensing deals and strong digital ad spending, causing its shares to rise 41% yesterday.Another example mentioned yesterday is $Carvana Co.(CVNA)