These 3 Meme Stocks Have Legitimate Long-Term Upside
Though the bull market peaked last year, meme stocks are still a hot topic in the investing community. Meme stocks are companies that garner a lot of interest from retail investors; they can be volatile and make dramatic moves up or down for shadowy reasons that don't seem connected to any news. Some of the hottest meme stocks, like AMC Entertainment, have eventually lost steam and seen their prices fall heavily, but that doesn't mean all meme stocks are doomed to the same fate.
The internet gives retail investors a collective platform to research, analyze, and discuss investing in a way that was never possible before. Sure, the masses might make a bad call now and then, but there are undoubtedly some crowd-sourced winners. Here are three meme stocks that have the potential for market-beating returns moving forward.
Electric vehicle company Tesla (NASDAQ: TSLA) is arguably the king of the meme stocks, thanks mainly to CEO Elon Musk's social media presence. Tesla is one of the most discussed stocks on Reddit, but the business itself is no joke. Tesla brought electric vehicles into the mainstream, and competitors are now playing catch-up -- especially in the U.S., where Tesla has a dominant market share.
Source Fool.com
