Meme stocks in 2022, what happened?

Swaggy’s Top Stonks. We compile and analyze data from multiple sources bringing you the top trending tickers from around the internet. If you haven’t subscribed already, please do so below.

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We've got some interesting data to look at today where we'll be going through the top 100 meme stocks of 2022, and analyzing which stocks "rank" highest based on given valuations and fundamentals.

Like buying BBBY at negative EPS or PLTR at a price/sales of 7x, which one might hold their weight in the long run? How does all that compare to the average of similar names? We'll dive into all of that in today's edition.

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Top Meme Stocks of 2022

The most mentioned (meme) stocks and companies this year were not what one might think. 2022 was much different to 2021 in the sense that most growth names were down 60-90% and the "opportunities" we saw this year were few and far between.

"Professional" analysts and portfolio managers usually scold retail investors for even attempting to trade or invest on their own. "They don't know what they are doing" is probably heard like a broken record, and honestly they are probably right as most (not all) of retail tend to invest emotionally and on too short timeframes... But what I find the biggest advantage about browsing online forums is that there is usually no better place to find breaking news.

Looking for important economic data like CPI or unemployment numbers? Check Twitter or Reddit to find the fastest propagation of information. Trying to find market-moving news related to a company? You'll definitely hear about it first on many social channels (with sources provided) before digging through the needles in a haystack on a news aggregator.

It's a bit of a phenomena, but I think the real reason behind it is that retail traders follow a small group of tickers, maybe 250-500 at best and the total universe is small. To go with that retail traders are also usually tracking stock prices very carefully. If a company has a plus/minus 10% day you can almost guarantee retail traders will be the first to see what's the reason behind the move and already be discussing it.

I've got some interesting stats about 2022's top "meme stocks". Following the list below of the top 50 most mentioned names, I'll also be going through the following data:

• Most popular dividend stocks from the group

• Most popular stock sectors

• The best and worst performers in terms of: EPS growth, P/E ratios, Price/Sales

• The best and worst performers in terms of share price.

• Average beta of companies mentioned and how "risky" they may be.

• AND, the average analyst recommendation. Are professional "analysts" any more correct than the retail trader? You'll find out.

After all that, in the upcoming edition of the Premium Letter I'll be doing the same analysis on the "general" stocks category... IE: The "non-meme" stocks list. Does that group of risk-averse investors truly outperform the memers?

Without further ado, here's a look at the top 50 meme stocks, visualized.

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