How to find meme stocks like GameStop and AMC: Your complete guide to spotting and profiting from hot stocks on social media and Reddit’s Wall Street Bets

Stonks meme
Meme stocks have been arguably the biggest market trend of 2021.

  • Meme stocks like GameStop and AMC Entertainment have taken the investing world by storm in 2021.
  • Small-time retail traders have banded together in a rebellion against Wall Street hedge funds.
  • Insider regularly interviews experts who share how to spot meme stock surges.
  • Below is a compiled list of stories covering everything you need to know about meme stocks. You can read all about the trend by subscribing to Insider.

Stocks have steadily advanced in 2021 as the economy rebounded from the pandemic, but the S&P 500’s solid gains pale in comparison to those of previously left-for-dead companies like GameStop (GME) and AMC Entertainment (AMC).

Those long-suffering stocks shocked the world by spiking as much as 1,700% and 2,800%, respectively, and ushered in a new era of investing in what are now known as meme stocks.

Meme stocks have no precise definition, but they’re not hard to spot. Common characteristics of these select few stocks include sudden rallies and volatile price swings on unusually high trading volume.

The action is typically driven by members of online forums like Reddit and social media users, who sometimes make and share memes to promote and build momentum around the stock’s rally. But stocks that meet the above criteria can be considered meme stocks without having a big online following.

Below is a comprehensive breakdown of Insider’s coverage of the meme stock movement and how investors can profit from it.

Top meme stocks now

Retail investors are always searching for stocks to send “to the moon.” Below are some of the hottest names that social media users are buzzing about during the week of August 23.

Read more:

How to trade meme stocks

Trading meme stocks isn’t as simple as it sounds. It takes hours to surf through Reddit forums for the next trendy stock, and it requires a huge, carefully coordinated online movement to send individual stocks spiking.

But sending meme stocks to the moon isn’t rocket science either. Insider has interviewed investing pros who have simple strategies for spotting meme stocks, as well as the creator of a site that saves investors time by scanning Reddit forums for the next big meme stock.

Just as important as finding the next hot meme stock is avoiding common trading mistakes. An analyst who’s covered GameStop since 2002 told Insider how to spot short squeezes and avoid getting burned, and a strategist shared how to avoid landmines in a rapidly evolving investing landscape that now includes meme stocks.

Read more:

How the meme stock movement began

GameStop is widely considered to be the first meme stock. The long-beleaguered video-game retailer suffered for years as its sales were cannibalized by e-commerce giants like Amazon and by the video-game industry’s shift to online games. Its C-suite became a revolving door for executives: Three different CEOs led the firm in 2018 alone.

GameStop’s miraculous surge began in January 2021 after Ryan Cohen, the founder of online pet-store company Chewy, joined the company’s board and inspired optimism among investors. Cohen could spearhead GameStop’s e-commerce efforts and help the company get back on track, investors believed.

But the main reason behind GameStop’s monumental move was a massive short squeeze.

Convinced the video-game seller was destined for the same fate as Blockbuster, a handful of Wall Street pros bet against the stock through shorting, a process where investors borrow shares of a company they think will decline, then sell them immediately in hopes of buying them back at a cheaper price before returning them and booking a profit.

Small-time traders flipped the script on hedge funds by driving the price of the heavily shorted shares up, forcing the bears to close their positions by buying back borrowed shares, which perpetuated the cycle. The stock then rose to the moon, and the rest is history.

Read more:

What to know about the dangers of meme stocks

If getting rich off meme stocks were easy, thousands of Redditors would be millionaires.

The harsh reality of markets is that for every buyer, there must be a seller. For every trader that nailed the bottom of a stock, someone else sold at the worst possible time – and every time an investor sells at the peak, someone must have bought ahead of the crash. Some unlucky soul bought GameStop shares at its all-time high of $483.

By definition, investing in meme stocks is incredibly risky, and poorly-timed trades can lead to massive losses. Critics have said the practice creates “false markets” and reflects how the market is broken.

Michael Burry, the hedge fund mogul who predicted the housing market crash, told Barron’s via email earlier this summer that a meme stock crash could come soon.

“I believe the retail crowd is fully invested in this theme, and Wall Street has jumped on the coattails,” Burry said. “We’re running out of new money available to jump on the bandwagon.”

Read more:

Read the original article on Business Insider

Tips from a trader up 227% this year, plus 5 high-upside altcoins

Hello, and welcome to this week’s edition of Insider Investing. Here’s what’s on the docket:

Programming note: This newsletter is going on hiatus – but we’ll have some exciting updates soon. In the meantime, we’ll still be sending you our best markets stories each week, so keep an eye out in your inbox. For now, please fill out this quick, four-question survey to help us improve our markets newsletters.


Tips from a trader up 227% this year

Mark Minervini

Mark Minervini, a trading legend and four-time author, won the US Investing Championship in 1997. He entered the championship again this year and is leading with a 226.6% gain through July.

He breaks down his trading strategy and shares 5 core rules that he follows with great discipline.

Read the full story here:

Veteran trader Mark Minervini gained 226.6% through July this year. He breaks down his trading strategy, including how he identifies optimal points to buy – and shares 5 trading rules he sticks to with discipline.


5 altcoins that could surge 10-100x

This is a photo of Adrian Zduńczyk in a shirt with parrot prints touching his glasses.

Adrian Zduńczyk, the founder and CEO of the Birb Nest, identifies 5 altcoins he says could surge by 10 to 100 times during an upcoming “legendary” season for crypto. He tells Insider some are undervalued and have room to grow, while others are great longer-term projects.

Read the full story here:

5 altcoins that could surge by 10 to 100 times in the coming ‘legendary’ altcoin season that outshines bitcoin, according to a crypto technical analyst who’s holding them


Stock pick central

Seeking experts who are willing to name names? Look no further:

Read the original article on Business Insider

British billionaire Simon Nixon’s family office reportedly plans to increase its crypto holdings

Moneysupermarket
Simon Nixon, co-founder of Moneysupermarket.com and Seek Ventures.

  • Billionaire Simon Nixon wants his Seek Capital family office to increase crypto holdings, Bloomberg reported Thursday.
  • The office’s managing director said it wants to hire an analyst focused on the sector.
  • Investment firms of rich families are increasingly becoming involved or interested in crypto.
  • See more stories on Insider’s business page.

Simon Nixon, co-founder of UK price comparison website Moneysupermarket.com, wants his family office to increase its crypto holdings, Bloomberg reported Thursday, highlighting moves by the ultra-rich to gain exposure to digital assets.

Crypto allocation “is an important area for the future,” said Adam Proctor, a managing director at Nixon’s Seek Capital, in a statement, according to the report. The family office is looking to hire an analyst who will focus on the sector, said Proctor, who this year joined Seek Capital after his work at Citigroup‘s private bank.

Nixon’s venture capital firm Seek Ventures says he manages more than $1 billion of personal assets in the tech sector. The 54-year-old co-founded Moneysupermarket.com in 1993 and finished offloading his shares in the company in 2016.

Investment firms managing the money of rich families are becoming increasingly interested in cryptocurrencies. A Goldman Sachs survey of 150 family offices released in July showed 15% had already bought crypto assets and 45% of respondents said such assets could perform well in the future.

Many survey respondents said they were looking at cryptocurrencies as a way to position for higher inflation and prolonged low rates at a time of unprecedented monetary and fiscal stimulus.

​​Crypto investors this year have seen the market boom to a valuation of more than $2 trillion, with bitcoin in April driving beyond valuation of $1 trillion. It lost grip of that figure with a selloff stoked in part by Chinese and US regulatory concerns. Bitcoin this week reclaimed the $50,000 level but struggled below that price during Thursday’s session.

Read the original article on Business Insider

Warren Buffett loves this riddle about a dog, and it may help you as an investor

warren buffett
The “Oracle of Omaha.”

  • Warren Buffett has a favorite riddle about a dog that he attributes to Abraham Lincoln.
  • Buffett claims the answer to the riddle may help you make better investing decisions.
  • Newcomers and veterans to investing may find it helpful when making important choices.
  • See more stories on Insider’s business page.

Whether you’re veteran or a newcomer to the industry, anyone who has questions about the world of investing will, at some point or another, look to Warren Buffett for guidance.

The Berkshire Hathaway CEO’s fortune is valued at $96 billion, according to Forbes.

TheOracle of Omahais among the world’s richest people on the planet just through buying and selling stocks.

Sometimes, however, the billionaire’s advice isn’t in plain sight – you have to dig deep into his anecdotes and interviews to find hidden pearls of wisdom.

One of his favorites comes in the form of a timeless riddle from Abraham Lincoln, according to CNBC Make It, and it may help you find more success both in the world of investing as well as in day-to-day life in life.

The dog riddle

Though Buffett more recently explained in an annual shareholder letter why he loves this riddle, it’s not the first time he’s written about it.

“Managers thinking about account issues should never forget one of Abraham Lincoln’s favorite riddles,” Buffett wrote about the same riddle in Berkshire Hathaway’s annual letter in 1992.

In his more recent shareholder letter, he explained that it stuck with him since he first read it.

“Abraham Lincoln once posed the question: ‘If you call a dog’s tail a leg, how many legs does it have?'” Buffet wrote.

Why the answer to the riddle may help investors

There’s a reason it may be useful to bear the riddle in mind when making big decisions in investing, as well as in other areas of life.

It serves as a reminder of something rather simple, but that we often forget about – Lincoln’s riddle underscores the importance of distinguishing between illusion and fact.

The answer to the riddle is “four.”

“[He] then answered his own query: ‘Four, because calling a tail a leg doesn’t make it one,'” Buffett wrote in his annual shareholder letter.

The message he was trying to convey is that defining something differently won’t change reality. It’s useful to be wary – and often skeptical – of anything that may seem too good to be true.

Buffett went on in his letter to reflect on bankers and CEOs.

Often, they may present their “earnings” in a way that isn’t entirely transparent, where costs, financial gaps, or information that may harm the companies they represent may be omitted.

One key piece of advice he offers is to do your homework: never rely on a single source but, rather, collect several.

It’s easy to trust experts but you should do some digging to truly and objectively understand their background and, ultimately, to find out if they can really be trusted.

Read the original article on Business Insider

Nearly half of young investors pushed their stimulus cash into stocks and cryptocurrency, study says

investing app
  • 49% of 18-34 year-old investors have invested their stimulus money, a CNBC/Momentive study found.
  • More than 25% of the total respondents said they starting investing in the past 18 months.
  • 11% of people in the US invest in crypto, with the most interested in long-term growth potential.
  • See more stories on Insider’s business page.

Close to a majority of young investors who received money from the US government to withstand the COVID-19 pandemic used some of those funds to buy stocks and cryptocurrencies, according to a CNBC/Momentive survey.

49% of investors 18-34 years-old turned to stocks and digital assets in an effort to maximize their slice of the billions of dollars in stimulus money sent to most Americans by the Biden and Trump administrations after the virus began to sweep through the country in early 2020.

15% of young investors put money into individual stocks and 11% purchased cryptocurrency, according to the survey published Tuesday. Also, 9% invested in mutual funds and 8% purchased exchange-traded funds. Momentive surveyed 5,523 adults from August 4-9, and of those, 45% are investors.

More than 25% of total survey respondents said they began investing within the last 18 months, and 73% started in 2019 or earlier.

US stocks so far this year have climbed to record highs, aided by a growing number of individuals who have used so-called ‘stimmy’ cash to buy into dips or pullbacks in the market as prices become less expensive. Meanwhile, the cryptocurrency market this year has swelled to more than $2 trillion in valuation, fronted by gains for bitcoin, ether and other digital currencies.

The survey found that one in 10 people in the US invest in cryptocurrencies and 60% do so because of the potential for long-term growth.

Read the original article on Business Insider

Robinhood CEO Vlad Tenev praises ‘diamond-handed’ investors who didn’t flip their IPO stocks

Vlad Tenev, CEO and Co-Founder, Robinhood in his office on July 15, 2021 in Menlo Park, California.
Vlad Tenev.

Robinhood CEO Vlad Tenev on Thursday praised retail investors who bought and held stocks rolled out to them via the trading app’s direct access to IPOs feature.

Users have welcomed the chance to buy into upcoming IPOs, Tenev said during a call with investors after Robinhood reported second-quarter earnings on Wednesday.

“Customers that have been participating in these IPOs have been relatively diamond-handed, so to speak,” Tenev said. “They’ve been holding on to these stocks for over 30 days and haven’t been flipping them.”

Diamond-hands” is a term commonly used by Reddit’s Wall Street Bets community that means an investor is holding onto a stock or cryptocurrency, regardless of the risks or headwinds involved. Conversely, an investor with “paper hands” is one who sells easily.

The IPO Access service, launched in May, enables Robinhood users to buy shares of companies at the IPO price, before the stock starts trading on the open market. IPO shares would otherwise typically go to institutions or wealthier investors.

Tenev said the fact that users have been holding onto their IPO stocks addresses misconceptions about retail investors. Traditionally, only professionals have had access to the IPO market, partly because retail investors were expected to snap up a hot new stock and sell it for a huge profit only hours or days later.

“We do expect to deliver more IPOs that customers can have access to as it becomes clearer to companies and issuers that this is a valuable constituency and invaluable to them as well,” Tenev said.

The trading app’s second-quarter revenue more than doubled to $565 million, up from $244 million a year ago, in line with the company’s forecast of $546 million to $574 million. Cryptocurrencies accounted for 51% of all its transaction-based revenue, with dogecoin making up 62% of crypto revenue, it said.

Robinhood’s shares fell 9% to about $45.41 a share at Thursday’s market open.

Read More: Adam Gitzes earns around $190 a day from remote bitcoin mining as a side hustle. He shares 2 reasons why it’s ‘a great time’ to start – and his tips for finding success with it.

Read the original article on Business Insider

From edible algae packaging to olive stone bioplastic, here’s how 7 startups are fighting plastic pollution

A worker's hand holding a clump of green powdery pellets made from algae
Notpla is also working on algae packaging to replace cardboard boxes, which they’re already testing in London with Just Eat.

  • It’s estimated that by 2040, 1.3 billion tons of plastic will flood the Earth’s oceans and land.
  • Among the main culprits in plastic garbage are single-use plastics like bottles and wrappers.
  • Here are seven biodegradable, compostable, and edible packaging solutions companies have designed.
  • See more stories on Insider’s business page.

Single-use food and drink packaging make up the bulk of garbage floating in our oceans.

In Europe alone, between 307 and 925 million litter items are released annually from Europe into the ocean, according to research published in the Nature Sustainability.

Of these, plastic accounts for up to 82% of trash – this consists mainly of bottles, bags, and food containers.

In recent decades, the relentless rise in single-use plastics has exceeded the processing capacity of waste management systems, becoming a threat to the environment.

300 million tons of this material are generated each year, according to Plastic Oceans, and up to 1.3 billion tons of plastic could flood the oceans and land in the space of just two decades.

To avoid plastic waste, many companies have accepted that the solution is a real commitment to alternative and sustainable materials.

Here are some of the companies working on revolutionizing the world of packaging to make it greener.

Compostable coffee pods

A coffee pod takes 500 years to decompose.

It’s estimated that around 20,000 million are thrown away each year across the globe, according to The Guardian – that’s enough pods to circle our planet 14 times.

Cafés Novell have designed compostable coffee capsules that are compatible with Nespresso coffee machines.

Coffee pod machine
It’s estimated that around 20,000 million are thrown away each year across the globe.

The design means the plastic container in which the capsules sit can be eliminated from the design.

Though the cardboard used in the packaging is 100% recyclable, the design also reduces the amount of cardboard used for packaging by up to 45%,.

This means the podscan be deposited into organic waste, breaking down in between 12 to 20 weeks.

“We are pioneers. We know that there are a couple more projects in Europe, one by a Swiss company and the other in the United Kingdom. But we are the first in this type of compatible Nespresso capsules,” CFO of Cafés Novell Josep Novell told El Periodico.

The company has invested more than $1.8 million (€1.5 million) and four years of research in the project.

Edible algae packaging

Based in London, startup Notpla aims to make packaging disappear entirely.

Notpla has created Ooho, an alternative to plastic produced using algae.

Not only is it that is not only biodegradable; it’s also edible. If thrown away, it only takes a few weeks to break down.

Designed to contain liquid, the unusual material has already been used at Roland Garros and the London Marathon.

river algae bloom Caloosahatchee florida green
Notpla has created Ooho, an alternative to plastic produced using algae.

Notpla is also working on algae packaging to replace cardboard boxes, which they’re already testing in London with Just Eat as a partner, according to the company’s CEO.

In April 2017, Notpla raised just under $1.17 million (£850,000) in just three days on crowdfunding platform Crowdcube.

In August 2018, they managed to get investment from venture capital fund Sky Ocean Ventures. A year later they carried out a seed round led by Impact VC Astanor Ventures and Lupa Systems.

Founded in 2014, the company has, so far, received a total investment of $7 million (€6 million) according to Crunchbase.

‘Reolivar’ or olive stone

This startup has created a new line of circular materials based on olive stones.

olive stuffed keto
The company told Insider that the material is a “kind of bioplastic” they use to shape a wide variety of objects.

Naifactory Lab has developed what they call reolivar, a compostable material made in Spain that’s easily molded at low temperatures.

The company told Insider that the material is a “kind of bioplastic” they use to shape a wide variety of objects.

Industrial materials made of plant waste

Based in Zaragoza in Spain, Feltwood develops tech to make ecological industrial materials from agricultural plant waste products.

As well as being biodegradable, compostable, and having a low carbon footprint, the products are an alternative to plastic, wood, and other polluting and toxic industrial materials.

A pair of hands removing the husk from corn on the cob
The products are an alternative to plastic, wood, and other polluting and toxic industrial materials.

Feltwood has managed to raise $1.6 million (€1.4 million) to date.

This year it was included in the top 10 startups spearheading innovation in environmental protection, according to Europe Press.

Seaweed plastic

Catalan ecodesign startup Oimo has developed a range of biomaterials that are compatible with classic plastic machinery.

Using seaweed extracts, natural sugars, or non-toxic vegetable oils, and marine substances, the company has managed to make a sustainable material similar to plastic.

“We have developed a type of sustainable packaging that weighs little and is easy to work with to achieve the necessary flexibility or rigidity according to the needs of the different possible applications,” the startup’s CEO Albert Marfà told Residuos Profesionales.

seaweed atlantic ocean
The company uses seaweed extracts, natural sugars, or non-toxic vegetable oils for marine substances.

Oimo is one of the beneficiary companies of ACCIÓ’s Startup Capital aid, granted by the Department of Business and Knowledge of the Generalitat of Catalonia.

It has received a total of $88,000 (€75,000) from the program.

The startup was made set up 2020 with the first prize of the VIII Edition of the Entrepreneurship Award of the Caja de Ingenieros Foundation, with an endowment of ¢17,600 (€15,000).

Degradable bread and pastry packaging

Valencian company Vicky Foods is fully committed to a change towards compostable packaging for its brand, Dulcesol.

white bread
The shift would result in an annual reduction of 1,200 tons of plastic by the brand.

Starting this summer, the company will be marketing its products in packaging that uses a new technology – the technology allows the material to degrade as if it were organic waste.

It is estimated that this will be trialled on 150 million packages of all its bread and pastry products, which would translate to an annual reduction of 1,200 tons of plastic by the brand.

VEnvirotech

This biotech startup uses bacteria to transform organic waste into the bioplastic Polyhydroxyalcanoate (PHA).

This is similar to polyethylene and polypropylene but is biodegradable, non-toxic, and safe for the human body.

Founded in 2017, based in the province of Barcelona, VEnvirotech closed one of the biggest rounds of the year in the biotech sector in 2021 by attracting financing of $12.9 million (€11 million).

The funds will allow the company to scale up the pilot projects it has in companies such as Nestlé, Calidad Pascual, and BonÀrea, according to La Vanguardia.

In total, it has already raised $17.6 million (€15 million).

Read the original article on Business Insider

Cathie Wood’s China strategy, plus chart-driven trading tips

Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week.

cathie wood

Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through the current market and investing landscape. The newsletter will be taking a week off and returning on August 29. Here’s what’s on the docket:

If you aren’t yet a subscriber to Insider Investing, you can sign up here.

Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at jciolli@insider.com or on Twitter @JoeCiolli.


Cathie Wood’s China strategy

Cathie Wood, CEO and chief investment officer of ARK Invest, on a purple background with the Ark Invest logos patterned behind her.

Cathie Wood has been selling out of Chinese stocks amid an expanding government crackdown, according to daily stock-holding reports analyzed by Insider. We compiled Wood’s recent comments about how she’s approaching Chinese investment going forward, and where else she’s seeking opportunities.

Read the full story here:

Inside Cathie Wood’s China investing strategy: The Ark Invest CEO breaks down why she’s selling out of Chinese stocks – and what she’ll be buying instead with the cash raised


Chart-driven trading wisdom from Katie Stockton

Katie Stockton, founder and managing partner of Fairlead Strategies

Katie Stockton founded Fairlead Strategies and is a technical analysis expert with over 20 years of experience on Wall Street. She shared the secret behind her methodology, as well as three top indicators she’s always watching. As a bonus, she explained why charts signal ether is gearing up to outperform bitcoin.

Read the full story here:

Legendary technical analyst Katie Stockton shares her secret sauce for spotting turning points in markets with 3 of her top indicators – and why the charts signal ether is set to crush bitcoin


How to invest like a contrarian

trader surprised skeptical

Jason Shapiro is a contrarian trader whose system doesn’t correlate to any other strategy. He broke down for us his investing approach, including the indicators he uses to identify consensus ideas he wants to defy. Shapiro also shared his risk-management measures, and two trades on his radar right now.

Read the full story here:

A 30-year futures trading veteran breaks down his contrarian approach designed to beat the market against all odds – and shares 2 trades on his radar now


Stock pick central

Seeking experts who are willing to name names? Look no further:

Read the original article on Business Insider

Millennials plowed their money into Apple, Tesla, and Disney during the pandemic. Here are their 10 favorite stocks.

A trader works on the floor of the New York Stock Exchange

Millennials’ favorite stocks over the past year include Apple, Tesla, Ford, and Pfizer, according to a study by DailyFX.

The financial-news website turned to Robinhood to figure out which companies were most popular among young investors. DailyFX looked at data from the trading app – whose users are predominantly aged 18 to 35 – for the 12-month period to April 1, 2021.

Millennials piled into several stocks that were hammered by pandemic-related travel restrictions and lockdowns, including Disney, Delta Air Lines, and Carnival, the cruise operator. GameStop was excluded from the study as it risked skewing the results, given the frenzied buying of the stock during the Reddit-fuelled trading frenzy in January.

Here are the top 10 stocks that millennials put their money into during the COVID-19 crisis, ranging from electric-car makers and airlines to healthcare firms:

10. Disney

disney world

Ticker: DIS
Market Cap: $323 billion

Disney lost nearly $5 billion last year when its theme parks were shuttered due to the spread of coronavirus, but its stock has since rebounded as visitors flocked back to its entertainment venues.

9. Nio

GettyImages 1232435708

Ticker: NIO
Market Cap:
$72 billion

Seven-year-old Nio, one of the most successful EV startups to come out of China, is a major disruptor in the global car market.

8. Delta Air Lines

Delta Air Lines Boeing 737-700

Ticker: DAL
Market Cap: $26 billion

The airline, which doesn’t use the Delta variant’s name, wants to hire over 1,000 pilots by next summer as travel recovers.

7. Carnival Corporation

carnival cruise ship

Ticker: CCL
Market Cap: $27 billion

Carnival, the world’s biggest cruising company, saw future bookings jump 45% in the second-quarter as Americans were raring to spend lavishly again on cruises.

6. Pfizer

pfizer administered to a teenager

Ticker: PFE
Market Cap: $260 billion

The COVID-19 vaccine has driven Pfizer’s revenue 61% higher in the second-quarter to nearly $19 billion. That figure is expected to grow as its vaccine for children gets approved, and a booster shot is explored.

5. American Airlines

American Airlines

Ticker: AAL
Market Cap:
$13 billion

American Airlines, a major US air carrier, emerged from the pandemic by re-establishing routes as leisure travel picked up in the summer. 

4. Ford

The new Ford Bronco near a lake.

Ticker: F
Market Cap:
$54 billion

Ford plans to boost investment in electric-vehicle spending and aims to have 40% of its global sales to be fully electric by 2030, with its cross-town rival GM going fully EV by 2035.

3. General Electric

General Electric logo and buildings are pictured, in Belfort, eastern France

Ticker: GE
Market Cap:
$116 billion

US conglomerate General Electric’s stock is up 23% so far this year, and 101% higher in the past 12 months.

2. Tesla

The interior of a Tesla driving down the highway

Ticker: TSLA
Market Cap:
$699 billion

Tesla’s stock is up 20,000% since it went public in 2010, making some believe it may be highly overvalued. Analysts and investors think the EV-maker’s production capacity, demand from China, and its “full self-driving” mode justifies its stock price.

1. Apple

Apple Event April 2021

Ticker: AAPL
Market Cap:
$2.4 trillion

Apple delivered a “gold-medal”performance in the third quarter despite a global chip shortage, posting a 50% surge in iPhone sales compared with the same period last year.

Read the original article on Business Insider