To generate this list, we’ve aggregated trending stock information from Reddit’s most active subs, including r/WSB, r/stocks, r/investing and r/ShortSqueeze.
Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.
"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.
This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.
Why does Reddit have any impact on the stock market?
At the start of 2021, Reddit cemented itself as a key trading indicator for many seasoned and institutional investors around the world. This was because GameStop, a US-based video game retailer, spiked over 700% during a frenzied few days at the end of January.
GameStop sky-rocketed around 8,000% over six months. The stock became a piece in a rather complicated financial power struggle puzzle between a major hedge fund, Melvin Capital, and a group of internet investors who congregated on Reddit. GameStop became the subject of what’s known as ‘short selling’, a process in which professional investors borrow shares of stock to sell them and then buy them back at a later date, allowing them to make a profit if the stock price goes down. In simple terms, short-selling is a bet that the company will fail, with infinite loss potential.
Long story short, Reddit investors found an opportunity to make some money by aggressively buying GameStop stocks, which resulted in an internet pile on, with everyone from Elon Musk to Wolf of Wall Street’s Jason Belfort wading into the debate and hype. A boom of coverage of the now infamous subreddit r/WallStreetBets made sure the frenzy continued through January.
How to find trending stocks on Reddit
We’ve compiled some of the trending Reddit stocks above to give you some inspiration, but if you’d like to take a look at Reddit yourself, here’s how you can find trending stocks on Reddit:
Go to investing subreddits. Some examples are r/WallStreetBets, r/Stocks, r/Investing and r/PennyStocks. If you’re looking for specific categories, like dividend stocks, you can search for other subreddits.
Sort the posts. You can do this with the “hot”, “new” and “top” buttons above the posts and choose a time period to sort by.
Read the discussions. You can find out what people are talking about and read their research to find out why the stock is trending.
Do your own research. Before you dive in and invest, look into the stock yourself and weigh up the risks involved.
Does Reddit matter to ordinary investors?
The GameStop scenario tells us that, yes, it does. For example during the frenzy, brokerages were forced to suspend trading of certain stocks, and even caused outages of entire apps. This was due to the intense strain put on the infrastructure of brokerages and trading apps, many of which received unprecedented volumes of trades and new sign ups.
The GameStop affair has also caused a lasting shift in the analysis conducted by institutions. The internet has empowered retail investors, the combined force of which now matched institutions when it comes to buying power and volume. This changed the dynamics of investing somewhat, you’d think in favour of the little guy – though it remains to be seen if retail investor success has eaten into the profits of the big guns on Wall Street.
Reddit stocks list
Reddit has provided some of the most dramatic investing stories since the start of 2020, the most famous of those being the GameStop frenzy. Some of the most commonly talked about stocks include GameStop, AMC Entertainment, Tesla and BlackBerry.
Is Reddit a reliable place to research stocks?
The internet has been used for talking about stocks and investments since its inception. Reddit is just the latest evolution of that. There are some advantages to researching stocks on Reddit, as well as some things you should watch out for.
Advantages:
Anonymized forums can provide protection and create an unbiased environment which allows fruitful discussions to thrive. For example, it’s not unheard of for genuine employees at companies to participate and share genuine insight which can help readers achieve higher gains.
Reddit’s used globally. You can get access to insight no matter what time it is, whether you’re an early bird, up at the brink of dawn, or a night owl that prefers late night stock searching.
The voting system helps you filter discussions. This is great for filtering out some of the nonsense and getting straight to the good stuff.
Things to watch out for:
It can be difficult to verify the authority of posters. This means that you don’t really ever know the credibility of anyone in these forums, and should use insight from several sources when researching.
There’s a tendency for groupthink. This means that you don’t get a balanced discussion.
Some of these stocks can be riskier Sometimes stocks like OTC (pink sheet) stocks are mentioned, which are riskier. Stocks can become riskier once they’ve taken off a bit, as they can become very volatile.
Like any form of research, Reddit offers some things you can’t get elsewhere, but should probably just form a part of your overall research process – as opposed to being the start and end of your digging.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
Charlie Barton was a publisher at Finder. He specialised in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach.
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