These are the next Reddit stocks to watch, according to Bank of America

CNBC2021-06-03

The meme-stock craze is carrying on, and Bank of America is flagging the new stocks getting attention from the Reddit crowd. Meme stocks — names favored by retail traders on Reddit’s WallStreetBets ...

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Comments

Fanatics
2021-06-07
Fanatics
Please like my comments
Noobyex
2021-06-04
Noobyex
Don’t let them distract us! AMC all the way!!!???????????????
Ninz
2021-06-04
Ninz
[Strong]
BlackAgumon
2021-06-04
BlackAgumon
BB [財迷]
Gbear9
2021-06-04
Gbear9
This war is not over. APE NATION LETS GO
再等等吧
2021-06-04
再等等吧
[Observation]

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The movie theater company announced Thursday it will sell 11.5 million shares, after the stock closed at an all-time high of $62.55 on Wednesday. AMC Entertainment dropped by as much as 30% on Thursday morning and trading was halted briefly for volatility.\nThe Reddit target said recent volatility and the level of AMC’s stock “reflect market and trading dynamics unrelated to our underlying business,” according to a filing it made with the Securities and Exchange Commission. Yet, investors keep piling into the heavily-shorted name.\nIn the past few weeks, Bank of America has been identifying the potential up-and-coming WallStreetBets targets by analyzing for clients how many mentions each stock gets on Reddit, among other things like short interest – that is, the number of shares that have been sold short by investors.\nThe Wall Street firm gave clients an updated list of the top small- to mid-cap stocks to watch during the return of the meme stock craze. The listed names have the most mentions on Reddit and short interest above the 5% average for the S&P 500 in the past week.\nTake a look at the list here.\nSource: Bank of America\nAMC remains No. 1 on the meme stocks list. WallStreetBets mentions have continued to rise for the third week for the movie theater stock with more than 5,000 comments since Wednesday, May 26. Mentions are at their highest levels since February, in the aftermath of GameStop’s epic short squeeze.\nBank of America told clients AMC’s more than 2,000% rally in 2021 could start losing steam.\n“AMC exhibits all three signposts that its rally could be nearing an end (acceleration in price and stock volume, increase in volatility, and a turn lower in the call-to put volume ratio),” Bank of America equity and quant strategist Jill Carey Hall told clients in a note.\nGameStop is still the second most-mentioned stock on Reddit. However, online comments continue to tick down. The stock had more than 3,600 mentions two weeks ago and about 2,670 comments in the past week.\nGameStop and AMC still have 21% of their float shares sold short, according to Bank of America, compared with an average of 5% short interest in a typical U.S. stock.\nNew members on the list are online real estate marketplace Zillow Group and retailer Bed Bath and Beyond.\nZillow got 50 mentions and Bed Bath and Beyond got 24 mentions on Reddit in the past week. Plus, Zillow has 13% and Bed Bath & beyond has 32% of their float shares sold short, according to Bank of America.\n“Among those with high short interest, Zillow (Z) made our top 20 screen for the first time in our dataset since August. And Bed Bath & Beyond (BBBY) – one of January’s ‘up-crash’ stocks, made the top 20 for the first time since early Feb. and shares have begun to surge again this week,” said Hall.\nShares of Bed Bath & Beyond are up about 25% this week.\nCommercial spaceflight company Virgin Galactic is the third most-mentioned name on Reddit. The stock has 24% of its float shares sold short, according to Bank of America.\nBeyond Meat, whichBank of America flagged as a new stock to watch a week ago, saw mentions continue to rise and now ranks number four. Shares of Beyond Meat are up about 12% this quarter.\nOther names like Athene Holding,Plug Power,Antero Midstream,Academy Sports and Outdoors and Clean Energy Fuels appeared on the list.\nAmerican Airlines,Gladstone Commercial and Natus Medical also earned spots on Bank of America’s Reddit stock list.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":114820977,"gmtCreate":1623066891099,"gmtModify":1704195332657,"author":{"id":"3575013490492928","authorId":"3575013490492928","name":"Fanatics","avatar":"https://static.tigerbbs.com/070e08d0698113575758a8b6aaf8338c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575013490492928","authorIdStr":"3575013490492928"},"htmlText":"Please like my comments&nbsp;","listText":"Please like my comments&nbsp;","text":"Please like my comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114820977","repostId":1143150601,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116853163,"gmtCreate":1622791349552,"gmtModify":1704191253320,"author":{"id":"3581499500751669","authorId":"3581499500751669","name":"Noobyex","avatar":"https://static.tigerbbs.com/2b744767e4bf24699d756d8660f6ec16","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581499500751669","authorIdStr":"3581499500751669"},"htmlText":"Don’t let them distract us! AMC all the way!!!???????????????","listText":"Don’t let them distract us! AMC all the way!!!???????????????","text":"Don’t let them distract us! AMC all the way!!!???????????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116853163","repostId":1143150601,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116129838,"gmtCreate":1622781647924,"gmtModify":1704191097574,"author":{"id":"3585782506562265","authorId":"3585782506562265","name":"Ninz","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585782506562265","authorIdStr":"3585782506562265"},"htmlText":"[Strong]&nbsp;","listText":"[Strong]&nbsp;","text":"[Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116129838","repostId":1143150601,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116382126,"gmtCreate":1622774572465,"gmtModify":1704190938613,"author":{"id":"3583665041247491","authorId":"3583665041247491","name":"BlackAgumon","avatar":"https://static.tigerbbs.com/ebe8466ee32be1569e81ee8bc808e03c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3583665041247491","authorIdStr":"3583665041247491"},"htmlText":"BB&nbsp;[財迷]&nbsp;","listText":"BB&nbsp;[財迷]&nbsp;","text":"BB [財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116382126","repostId":1143150601,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":116316862,"gmtCreate":1622774042456,"gmtModify":1704190923542,"author":{"id":"3575200938037175","authorId":"3575200938037175","name":"Gbear9","avatar":"https://static.tigerbbs.com/f37f466c62b28f228a9b0c81f2691754","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575200938037175","authorIdStr":"3575200938037175"},"htmlText":"This war is not over. APE NATION LETS GO","listText":"This war is not over. APE NATION LETS GO","text":"This war is not over. APE NATION LETS GO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116316862","repostId":1143150601,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116330171,"gmtCreate":1622773102293,"gmtModify":1704190901668,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570689023160998","authorIdStr":"3570689023160998"},"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116330171","repostId":1143150601,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":277,"commentSize":126,"repostSize":0,"favoriteSize":3,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1143150601"}