In 2021, Reddit-based retail investors are expected to buy $350 billion in US stocks. This is hardly 1% of the value of the domestic equities market. According to Goldman Sachs, families and retail investors will account for $300 billion in net purchases by 2021. In 2020, retail investors will account for roughly 25% of stock market activity, up from 10% in 2019.
Insider Monkey analyzes the list of the most popular stocks to consider. By 2027, the electric car market is predicted to increase at a 33.6 percent compound annual growth rate. Lucid Group, Inc. was dubbed the Tesla-Ferrari of nascent EV automakers by John Murphy of BofA in September. With $73.4 million in shares, Citadel Investment Group is Tilray, Inc.’s largest shareholder. Over the last few months, AMC has been one of the most popular Reddit stocks. The company reported GAAP EPS of -$0.44 in the third quarter, surpassing the Street’s estimate by $0.10. During that time, revenue increased by more than 500 percent. Hedge funds were bullish on Upstart Holdings, Inc. in Q2, with 21 hedge funds in the Insider Monkey database reporting ownership interests in the company, up from 13 the previous quarter. These interests are worth more than $2.1 billion in total. Palantir Technologies Inc.’s objective was lifted to $25 by Wolfe Research in August, while 26 hedge funds tracked by Insider Monkey reported having shares in the business in Q2. These interests are worth a total of $1.36 billion. For more details, click 10 Most Popular Reddit Stocks To Consider.
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