What Stocks Does WallStreetBets Have on Its Radar?
Its safe to say meme stocks have created a new segment in many young retail investors portfolios. Starting with the GameStop saga , which has been ongoing since Jan. 2021, investors have been tuned in to the chatter on Reddit group WallStreetBets . Like CNBC or Fox Business, WallStreetBets may provide some investing insightsthough it should be taken with a larger grain of salt. Just a couple of months ago, an average of 5 million shares of Wish were being traded each day, and on Jun. 21, 335 million trades were made. WISH has risen 28.14 percent over the past five days, and 83.55 percent over the past month. Mobile e-commerce platform ContextLogicbetter known as Wishhas perhaps been the largest benefactor of WallStreetBets activity. WISH has soared 70 percent since early Jun. 2021 as a result of extremely high trading volumes. Tesla has fallen in recent weeks due to market speculation on supply constraints and a decrease in demand for EVs in China. However, in the fourth week of Jun. 2021, Tesla shares have rallied by 10.25 percent, peaking at $697.62. Tesla is hardly a name youd relate to a WallStreetBets-style short squeeze. However, the EV (electric vehicle) maker has emerged as one of the forum's most discussed stocks. CEO Elon Musk has never shied away from the social media spotlight. A frequent tweeter of all things cryptocurrencies, Musk showed his support of the GameStop short squeeze . BlackBerry (BB)  BlackBerry was a household name in the early 2000s, known for its pagers and early iterations of smartphones. The company has since fallen out of the smartphone arms race, but that hasnt stopped WallStreetBets from jumping on board. While BlackBerry could be considered a meme stock, theres much to like about the company. WallStreetBets members are banking on the fact that BlackBerry has transitioned from phones to cybersecurity. BlackBerry has deals with Amazon and others, and could be positioned to play a major role in the EV space. Article continues below advertisement  Source: blackberry  BlackBerry stock has fallen in the fourth week of Jun. 2021, by 6.14 percent, but has climbed an impressive 47.61 percent over the past month, peaking at $20.17.