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Today's Letter
Top Meme Stocks of January
Earnings Season - What to watch
This week's trending WallStreetBets stocks
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Top Meme Stocks for January 2023
The markets have rebounded and are off to a great start in 2023. Here's a look at the top meme stocks loved by retail traders this month, and their performance.
Honorable mention to GameStop which is a banned ticker on the WallStreetBets subreddit, but is up 33% this month in an epic squeeze (almost exactly two years from the original squeeze date).
We'll get to each meme-stock's performance and the honorable mentions below, but first a message from today's sponsor, Skybound.
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Top Meme Stocks - Honorable Mentions & Performance
Some of the names from the original gang of meme-stocks didn't make the top cut this time around, but had some great performance. Let's add the honorable mentions and show the rest of the watchlist's performance.
Honorable Mentions
GameStop (GME): This ticker is currently banned in the comment section of WSB (weird), but went around many other subreddits and social medias as the stock is up 33% this month.
Advanced Micro Devices (AMD): AMD gang has been quiet lately, but not forgotten. The stock is up 20% in January so far.
AMC Entertainment (AMC): GME's long lost cousin, AMC Entertainment is up 40% this month.
Palantir (PLTR): Another one of WSB's (and retail's favs), Palantir is up 27% this month.
The Top List - Performance
Tesla (TSLA): Up 60% this month.
Microsoft (MSFT): Up 4% this month.
Apple Inc (AAPL): Up 13% this month.
Amazon (AMZN): Up 24% this month.
Bed, Bath, & Beyond (BBBY): *Bankrupcty concerns... up 5% this month.
Nvidia (NVDA): Up 45% this month.
Netflix (NFLX): Up 30% this month.
QQQ: Up 13% this month.
Intel Corp (INTC): Up 9% this month.
For reference, SPY was up 7% this month.
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Earnings Season - What to watch
Earnings season is finally here again. Here are some of the more anticipated names I will be keeping my eye on.
Monday
SoFi (SOFI) - Before Market Open
Tuesday
United Parcel Service (UPS) - Before Market Open
Spotify (SPOT) - Before Market Open
AMD (AMD) - After Market Close
Snap Inc (SNAP) - After Market Close
Electronic Arts (EA) - After Market Close
Wednesday
Peloton (PTON) - Before Market Open
Meta Platforms (META) - After Market Close
Thursday
Google (GOOGL) - After Market Close
Amazon (AMZN) - After Market Close
Apple Inc (AAPL) - After Market Close
Qualcomm (QCOM) - After Market Close
Starbucks (SBUX) - After Market Close
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Top Meme Stocks This Week
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