Reddit WallStreetBets Stocks to Buy: Top Picks for 2024

If you're looking for high-risk, high-reward stock picks, WallStreetBets has become a go-to source for many retail investors. This Reddit community, known for its bold investment strategies and meme-stock culture, often influences market trends by rallying behind certain stocks. But with so many options being discussed daily, how do you know which ones are worth your attention?

In this article, we’ll explore some of the top trending stocks on WallStreetBets in 2024, based on recent analysis and user sentiment. Whether you’re looking for the next big winner or just curious about what’s hot right now, these picks might be worth considering.

What is WallStreetBets?

WallStreetBets (WSB) is a subreddit where millions of users discuss stock trading, share investment strategies, and sometimes even create viral stock movements. This community gained mainstream attention during the GameStop (GME) short squeeze in 2021, where retail traders significantly impacted the stock market by driving up prices. Since then, WSB has continued to influence stock prices, especially for highly speculative or "meme" stocks.

Top Trending Stocks on WallStreetBets

Here are some of the most mentioned stocks on WSB in 2024:

1. Tesla (TSLA)
   Tesla continues to dominate discussions on WallStreetBets. With over 1,600 mentions in recent threads[2], it's clear that this electric vehicle giant remains a favorite among retail traders. Despite its volatility, Tesla has consistently delivered strong returns for those who bet bullishly.

2. NVIDIA (NVDA)
   Another tech giant frequently discussed is NVIDIA. With its role in powering AI technologies and gaming hardware, NVIDIA has seen significant price growth. It was mentioned over 400 times recently[2], making it one of the top stocks to watch.

3. Rocket Lab (RKLB)
   Space exploration stocks have also gained traction within WSB discussions. Rocket Lab is one of the top-performing space companies mentioned[1], with a growing number of users bullish on its long-term potential.

4. AST SpaceMobile (ASTS)
   One of the biggest winners from recent posts is AST SpaceMobile. A post analyzing this stock led to a whopping 522% gain if bought at the time of recommendation[3]. Space stocks are clearly gaining momentum among WSB traders.

5. Palantir Technologies (PLTR)
   Palantir continues to be a favorite among WSB users due to its data analytics capabilities and government contracts[3]. With mentions surging recently, Palantir could be a strong contender for future growth.

Stocks to Buy Based on Recent Sentiment

Based on recent user sentiment and analysis from various platforms tracking WSB mentions[1][2][3], here are some stocks that could be worth buying:

Stock	Mentions	Recent Performance
Tesla (TSLA)	1,687	+6%
NVIDIA (NVDA)	418	+57%
Rocket Lab (RKLB)	217	+6%
AST SpaceMobile (ASTS)	66	+12%
Palantir Technologies (PLTR)	112	+32%

These stocks have garnered significant attention from retail investors and have shown positive price movements recently.

Risks of Investing in WallStreetBets Stocks

While the potential rewards can be high when investing in WallStreetBets stocks, it's essential to understand the risks involved:

• Volatility: Many WSB-favored stocks experience rapid price swings due to their speculative nature.
• Meme Stock Phenomenon: Some stocks gain popularity purely because they become memes within the community, not necessarily because they have strong fundamentals.
• Short-Term Gains vs Long-Term Stability: While some investors may see quick profits, others may face losses if they hold onto these volatile stocks for too long.

Conclusion

WallStreetBets has proven its ability to move markets, making it an exciting place for investors looking for high-risk opportunities. Stocks like Tesla, NVIDIA, Rocket Lab, AST SpaceMobile, and Palantir are currently trending within this community and could offer significant returns if timed correctly.

However, always remember that with high reward comes high risk—do your research before jumping into any trades influenced by social media trends.