Redditors’ interest drove red-hot rallies by several stocks this year irrespective of their fundamentals. So, we think heavily trending ETFs on Reddit, SPDR S&P 500 ETF Trust (SPY), Vanguard Index Funds - Vanguard Total Stock Market ETF (VTI), Vanguard S&P 500 ETF (VOO), and Invesco QQQ Trust (QQQ), could be solid additions to one’s portfolio. They have an A (Strong Buy) rating in our proprietary rating system. Read on.The meme stock frenzy dominated the market this year, spelling gloom for several short-selling institutions. Well-known meme stocks GameStop Corp . (NYSE:GME) and AMC Entertainment Holdings, Inc. (NYSE:AMC) are up 683.9% and 1,055.7% in price, respectively, year-to-date, representing retail investors’ power.
According to a report by The Verge, there were more than 366 million posts on Reddit, 2.3 billion comments, and nearly 46 billion upvotes. While all the securities trending on the most popular meme platform, Reddit, do not possess fundamental strength, some are popular for valid business reasons.
Quality ETFs SPDR S&P 500 ETF Trust (SPY), Vanguard Index Funds - Vanguard Total Stock Market ETF (VTI), Vanguard S&P 500 ETF (VOO), and Invesco QQQ Trust (QQQ) are heavily trending on Reddit. Also, they have an overall A (Strong Buy) rating in our proprietary POWR Ratings system. So, it could be wise to bet on them now.