Top trending Reddit stocks (updated daily)

Here are some of the most mentioned stocks on Reddit in the past 24 hours.

What stocks are trending on Reddit right now?

RankStock TickerMentions 24-hour mentions changeUpvotes Latest close price Market cap YTD performance Buy on Questrade
1Meta Platforms (Facebook) META419 4,090%2,969 $648.03 $1.7 trillion (USD) 137.84%
2AMD AMD323 1,515%5,451 $615.52 $836.6 billion (USD) 533.9%
3SPDR S&P 500 ETF Trust SPY305 417%1,096 $773.50 (data unavailable) 104.17%
4Invesco QQQ ETF QQQ191 810%519 $741.47 (data unavailable) 131%
5Micron Technology MU174 176%401 $1,043.96 $1 trillion (USD) 1266.36%
6NVIDIA NVDA119 310%812 $210.96 $5.2 trillion (USD) -59.7%
7DTE Energy DTE83 938%4,088 $126.13 $27.2 billion (USD) 4.57%
8Intel INTC82 645%515 $97.19 $534.2 billion (USD) 92.07%
9Sandisk SNDK78 169%121 $1,791.82 $222.6 billion (USD) (data unavailable)
10Rocket Lab USA RKLB62 265%276 $64.57 $40.7 billion (USD) 564.37%
11Broadcom AVGO59 883%509 $357.61 $1.7 trillion (USD) -19.85%
12Alphabet (Google) GOOG40 700%96 $341.43 $4.2 trillion (USD) -80.46%
13MicroStrategy MSTR38 217%69 $130.97 $50.1 billion (USD) -68.61%
14SpaceX SPCX37 825%63 $152.71 $2 trillion (USD) (data unavailable)
15Robinhood HOOD36 3,500%98 $123.30 $93.9 billion (USD) (data unavailable)
16Microsoft MSFT29 1,350%46 $501.61 $3.6 trillion (USD) 122.42%
17Nebius Group NBIS29 263%42 $232.80 $56.8 billion (USD) 218.98%
18Vanguard S&P 500 ETF VOO27 286%101 $696.20 (data unavailable) 102.54%
19Tesla TSLA24 243%123 $375.30 $1.4 trillion (USD) -48.34%
20Nokia NOK22 2,100%32 $10.68 $59.8 billion (USD) 171.18%
21Arm Holdings ARM22 2,100%35 $322.90 $260.6 billion (USD) (data unavailable)
22Novo Nordisk NVO21 2,000%95 $43.24 $191 billion (USD) -38.89%
23Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Share SOXL21 600%351 $123.67 (data unavailable) -75.36%
24Gartner IT19 138%38 $179.59 $12.1 billion (USD) 7.1%
25Reddit RDDT19 46%38 $158.73 $30.3 billion (USD) (data unavailable)

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.

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Why does Reddit have any impact on the stock market?

Reddit has cemented itself as a key trading indicator for many seasoned and institutional investors around the world. This was perhaps first seen with GameStop stock, a US-based video game retailer that spiked over 700% during a frenzied few days.

GameStop skyrocketed 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 The 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.

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:

  1. 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.
  2. 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.
  3. Read the discussions. You can find out what people are talking about and read their research to find out why the stock is trending.
  4. 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 matches 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, the most famous of those being the GameStop frenzy. Some of the most commonly talked about stocks include GameStop, AMC Entertainment, Tesla, BlackBerry and SpaceX.

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.
  1. Choose an online stock trading platform. Choose from our highlighted platforms above or deep dive into each platform in our guide to the best stock trading apps in Canada.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by the company name or the stock’s ticker symbol.
  5. Place your order. Buy the stock. It’s that simple.

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.

Frequently asked questions about stocks on Reddit

Sources

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