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2 Meme Stocks to Buy in December, 2 to Sell -Breaking

by Mike Robinson

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© Reuters. 2 Stocks of Meme to Buy and 2 To Sell in December

Because of their low short interest rates and retail trader driven short squeeze characteristics, this year’s boom-and bust stocks included meme stocks. Fundamentally strong stocks like United States Steel (NYSE;) and Nokia (NYSE.:) may be good bets. Fundamentally weak stocks AMC(AMC), and BlackBerry (NYSE:), should be avoided. Keep reading. Meme stocks can be characterized as high levels of short interest and retail trader driven short squeezes due to the popularity they have on social media platforms, such as Reddit (NYSE:). However, with most meme stocks falling significantly from their high price levels, retail traders’ interest in such speculative stocks has declined considerably of late. It’s challenging to identify correct entry points in these stocks, which makes investing in them very risky.

Some social media favorites have enough fundamental strength to yield solid returns. Nokia Corporation (NOK), United States Steel Corporation, (X) seem to be two of these stocks. Because of their improved fundamentals, they could prove to be long-term winners.

We think that fundamentally weak meme stocks AMC Entertainment Holdings, Inc. and BlackBerry Limited (NYSE:) should be avoided.

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