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4 WallStreet Bets Stocks to Avoid in December -Breaking

by Mike Robinson

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© Reuters. WallStreet Bets Stocks Not to Be Avoided in December

Meme stocks are a very popular choice for retail investors due to their potential explosive growth. Investors have begun to exit these stocks because of market volatility and rising concern about the omicron version. So, meme stocks such Walt have become very popular. Disney Peloton Interactive, GameStop (GME), Peloton Interactive NASDAQ: and ContextLogic ISH are all best to avoid. Reddit forum, r/wallstreetbets has been the preferred platform for retailers to find the best investment opportunities in the short term.

The recent market pullback has caused meme stocks to suffer due to rising concern about the omicron COVID-19 variation. This is evident from VanEck Vectors Social Sentiment ETF’s (BUZZ) 1.8% decline over the past month. Meme stocks are very risky investments that heavily depend on sentiment and macroeconomic factors. Meme stocks will slump as investors attempt to protect their portfolios from a market crash.

The Walt Disney Company (NYSE 🙂 is a popular source of meme stock images GameStop Corp . Peloton Interactive Inc., Inc.(PTON), ContextLogic Inc.. (WISH), have all been in decline over the last few months. These fundamentally poor stocks should be avoided, as they are not often mentioned on Wallstreetbets.

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