These 3 Meme Stocks Have Legitimate Long-Term Upside
Let's face it -- most so-called "meme stocks" end up being busts. The memes are meant to generate bullish interest in a stock that isn't doing so well on its own. But, most companies featured in a meme just aren't particularly strong. That's why most of them struggle to hold on to their meme-driven gains. This approach might work for a while, but eventually a stock reflects the company's underlying value.
There are a handful of exceptions to this norm, however. Some meme stocks' underlying companies operate legitimate businesses with real growth prospects. Be sure you're not dismissing them as potential purchases just because they're being lumped in with tickers of companies with questionable futures. Here's a closer look at three top picks.
For years it felt like Tesla's hold of the electric vehicle market was so strong that no other manufacturer need bother entering it. Slowly but surely, though, newcomers have chipped away at Tesla's dominance, proving the king of EVs isn't impervious.
Source Fool.com
