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Ignore GameStop: Here Are 2 Better Stocks

TheMotleyFool

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Ignore GameStop: Here Are 2 Better StocksPhoto, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png

The COVID-19 pandemic shifted much of retail activity to online marketplaces, much to the chagrin of traditional brick-and-mortar stores like GameStop. The gaming retailer has had a tough past 18 months even as its stock performance over this period seems to tell a different story. Shares of GameStop have soared more than 1,900% in the past year.

But this showing is largely due to the gamma squeeze we witnessed earlier this year than with the company's actual financial results. There remains a long road ahead before GameStop can recover from its woes. In the meantime, investors would do well to put their money in safer, better stocks. Two that come to mind are DexCom (NASDAQ: DXCM) and Netflix (NASDAQ: NFLX).