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Forget GameStop, Buy These 3 Meme Stocks Instead -Breaking

by Mike Robinson

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© Reuters. You don’t need GameStop. Instead, you can buy these meme stock options

The hype around the short-squeeze candidates is fading, and new names dominate social media discussion. While the most popular meme stock GameStop (NYSE:) doesn’t look sufficiently fundamentally fit to attract investors’ attention, we think it could be worth betting on Apple (AAPL), Sirius XM (SIRI), and Goodrich Petroleum (NYSE:), which are now being discussed heavily on the subreddit WallStreetBets. Continue reading. Most meme stocks are popular on social media platforms such as Reddit or Twitter (NYSE:), and feature high short interest and retail trader-driven quick squeezes. While some well-known names have begun to lose their popularity, there are some interesting new names on WallStreetBets.

Although the most popular meme stock GameStop Corporation (GME) is up 801.3% year-to-date, the company’s unstable financials and bleak growth potential may lead to a price pullback in the near term. In its last reported quarter, GME’s operating loss came in at $58 million and its net loss amounted to $61.6 million. In the next quarter, analysts predict that its EPS will fall by 20%. Over the last month, shares have fallen 10.7%.

We think that Apple Inc., Sirius XM Holdings Inc., and Goodrich Petroleum Corporation are fundamentally sound options for investors in memes.

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