Reward 500 Tiger-coinsA 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 $Carvana Co.(CVNA)$, the used-car platform that has now exceeded earnings expectations for four consecutive quarters, with stock surging after each report.
Carvana beats and jumps over 10% in the past four earnings
In the highly competitive EV market, most carmakers’ stock performance has been lackluster. However, Carvana once again exceeded earnings expectations and raised its full-year profit forecast, spiking 20% in after-hours trading.
Do stocks have two faces?
Some companies appear profitable and undervalued but struggle with persistently declining stock prices, making it hard to profit from them. A prime example of this is Chinese stocks.
Do you have the same experience that seemingly unreliable companies keep rising, while seemingly strong ones see their stocks decline?
Share your experience or other stocks perform like this!
Leave your comments and also post to win tiger coins!!!!
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