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    Finxpd
    Home » Top 7 Best Meme Stocks to Invest in 2023
    Meme Stock
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    Top 7 Best Meme Stocks to Invest in 2023

    January 11, 2023Updated:January 16, 20237 Mins Read18 Views
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    Meme stocks are publicly listed firms that have amassed a following similar to that of a cult on the internet, most frequently via social media platforms. This article will explain what constitutes a meme stock, where such memes can be found, and why they have become so popular. Then you can find out the inside scoop on which ones are the most effective.

    List of Contents

    • What Exactly Is a Meme Stock?
    • 7 Best Meme Stocks to Invest in 2023
      • 1. Apple 
      • 2. Walt Disney 
      • 3. Netflix 
      • 4. SoFi Technologies 
      • 5. PayPal 
      • 6. General Motors
      • 7. Taiwan Semiconductor 
    • Conclusion

    What Exactly Is a Meme Stock?

    Meme Stocks

    A meme stock is a firm’s stock that has obtained viral fame due to increased social emotion. Typically, this societal mood is amplified via the internet and social media platforms. These online communities can devote extensive study and resources to a specific company. Moreover, meme stocks are frequently the subject of extensive debate and analysis in discussion threads on websites such as Reddit and postings to followers on platforms like Twitter.

    Nevertheless, meme stock investors are typically a chaotic bunch of independent individuals with investment viewpoints and preferences. Individually, these activities have been demonstrated to induce short squeezes in highly shortened names. Thus, according to basic technical analysis, meme stocks may appear to be overpriced.


    7 Best Meme Stocks to Invest in 2023

    1. Apple 

    Apple

    Ticker Symbol: AAPL

    Exchange: NASDAQ

    Apple continues to be one of the largest technology companies with a globally recognized brand and a strong track record of revenue and profit growth. The electronics firm is renowned for offering timeless items to its devoted user base, the iPhone franchise being the most notable example. This success is attributable to Apple’s closed-loop environment, which enables the company to retain high gross profit margins despite producing items with premium prices.

    Despite reports of manufacturing problems resulting from COVID-19 lockdowns in China, Apple’s market dominance remains exceptional. In addition, it continues to be the largest position in Warren Buffet’s renowned portfolio. Moreover, AAPL stock is trading at a substantial discount for value investors since it is down more than 20% from an all-time high. All indications indicate that now is a good time to invest in AAPL stock, as investors will profit from the bear market pricing.


    2. Walt Disney 

    Disney 

    Ticker Symbol: DIS

    Exchange: NYSE

    Walt Disney and its stockholders have faced extraordinary challenges over the last year. The return of Robert Iger as CEO may be the silver lining many have been waiting for. The immediate future of DIS stock is still unknown. However, Iger’s track record of achieving long-term success has rekindled excitement across various businesses. With Iger now firmly in charge, DIS will quickly restore its position as an entertainment industry leader. Disney has boldly decided to remain loyal to its basic beliefs throughout this challenging period. Moreover, it appears that good fortune is now on its side.

    In addition, the company’s long-term prognosis is positive due to various growth drivers, most notably its streaming service, Disney+. The service’s user base increased from 54.5 million in May 2020 to 164 million by the end of the third quarter of 2022. In addition, its Parks and Cruiselines division has returned with a vengeance, posting robust top-line growth in recent quarters.


    3. Netflix 

    Meme Stocks

    Ticker Symbol: NFLX

    Exchange: NASDAQ

    Netflix continues to dominate the streaming industry. Despite a less-than-stellar year, Netflix maintains a significant market presence with millions of customers worldwide, demonstrating its resilience. Moreover, during the third quarter, the company added 2.4 million new customers, an unexpected increase over the previous quarter. In addition, the company anticipates 4.5 million additional net additions for the current quarter. Recent results have provided the business with significant subscriber base stability. Due to its large content library and strong brand, Netflix is leading the streaming revolution.


    4. SoFi Technologies 

    Meme Stocks

    Ticker Symbol: SOFI

    Exchange: NASDAQ

    SoFi Technologies is a major fintech company providing customers with a one-stop banking platform. It operates three primary divisions, all of which have fared exceptionally well in recent quarters. Sixty-nine percent more than the previous year, SoFi added an astonishing 635 000 new goods during the third quarter. In addition, its profits increased by a staggering 56% over the previous year, while its membership increased by 61%. This aggressive strategy demonstrates that SoFi is entirely devoted to thoroughly addressing its customers’ demands. Therefore, it makes the platform a valuable asset for consumers and investors. In addition, the company’s future operating margin growth is anticipated to increase substantially due to its recent bank charter.


    5. PayPal 

    Meme Stocks

    Ticker Symbol: PYPL

    Exchange: NASDAQ

    PayPal symbolizes the pinnacle of fintech at its finest. The company’s growth was solid as a result of the pandemic tailwinds. However, it suffered in the present economic context. The omnipresent payment behemoth continues to perform well over time and innovate in the industry, which is why it is sometimes the first firm brought up when discussing fintech.

    Despite this, the platform has over 300 million users globally and is one of the top automated payment providers. PayPal has gained popularity, especially in the eCommerce sector, which will continue to be a significant development driver in the foreseeable future. As this behemoth continues to innovate and extend its sphere of influence, the improved profits forecast should inspire confidence among investors. The recent slump has pushed PYPL stock to all-time lows, creating an ideal entry point for long-term investors.


    6. General Motors

    Meme Stocks

    Ticker Symbol: GM

    Exchange: NYSE

    Last year, General Motors struggled to move the needle for its automotive division. GM has seen supply chain issues and a global reduction in sales due to COVID-19 lockdowns in China. However, the company’s third-quarter results were optimistic, with earnings per share far above forecasts. GM has weathered rough seas effectively and can now see the future with optimism.

    The firm commitment of General Motors to electric vehicles is a positive indication for customers and investors. By 2025, according to GM’s leadership, revenues from electric models will equal those from gas-powered vehicles. This rapid conversion demonstrates the success of the company’s $35 billion investment in electrifying its vehicle fleet. Since it appears to be a frontrunner in electric car production, General Motors is one of the finest companies to buy in a downturn.


    7. Taiwan Semiconductor 

    Meme Stocks

    Ticker Symbol: TSM

    Exchange: NYSE

    Taiwan Semiconductor is the world’s largest manufacturer of semiconductors and integrated circuits. Due to the robustness of the semiconductor business, the company’s profit margins have expanded at an astounding rate. Moreover, TSM anticipated a significant increase in demand later last year. TSM is also decreasing its capital investment budget for next year and making business decisions that coincide with shorter-term goals to boost shareholder earnings.

    In addition, the company has developed U.S. production facilities to take advantage of the CHIPs Act and protect itself from changing geopolitical scenarios. In addition to the positive improvements for the company, Warren Buffett recently disclosed his big equity purchase. This is a vital recommendation that reinforces the company’s development potential and increases its stockholders’ confidence.


    Conclusion

    In short, meme stocks are among the most volatile on the market and are frequently based on hype rather than solid financial performance. However, the meme stocks our analysts chose all have a true fundamental reason to be positive. As long as you enter the market with a clear understanding that the value of your investment may decline dramatically, they may be a valuable addition to your portfolio. The safest method to invest in them is as part of a balanced portfolio of equities, with less risky, more defensive firms serving as a counterweight to their volatility.


    Related Articles:

    • Stock Market Predictions For 2023: Expectations For The Year
    • Tesla Stock Prediction 2025: An Interesting Stock to Watch
    • 6 Ways to Prepare for a Market Crash
    • Diluted Earnings Per Share: Another Metric for Evaluation the Firm

    Read more: Popular Stocks

    Source: Investorplace

    Popular Stocks
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