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What is retail trading and why?
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.
Swaggy's Top Stonks
Welcome newcomers to Swaggy's Top Stonks and thank you for subscribing.
Today we'll go through a sentiment report and what were the top stocks discussed by retail traders and why.
Today's Letter
Sentiment Report
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Sentiment Report
Markets have rebounded in one of the best performing weeks of 2022... at least so far. What were the most talked about stocks? Let's find out.
Tesla (TSLA): WallStreetBets' number one fan-boy stock. Elon Musk's recent pause from social media has everyone wondering what he's up to. Tesla remains high on the WallStreetBets list because of it's volatile nature. Fairly large daily and weekly swings means there is money to be made (and lost) on both sides.
Bitcoin (BTC): Bitcoin sneaks it's way onto the WallStreetBets chatter by using the term of "corn", aka Bitcorn. The price of BTC is at the lows and has seen a good bounce last week, up nearly 25% (still down 40% YTD). General sentiment around crypto has been dip-buyers may be coming in at these lows.
Meta Platforms (META): Formerly Facebook, META saw a +7% day on Friday which caused a ruckus among options traders and gamblers. META has been one of the few mega-cap stocks that is down nearly 50% YTD whereas most other mega-caps have held off recently strong this year... and by strong I mean only -25%. Here's a look at the SwaggyStocks social chatter chart for Facebook. Notice the timing of other large spikes in chatter -after huge swings in stock price. Maybe this time it will be different moving forward.
Gamestop (GME): The one week most meme stocks were up in the double-digit percents Gamestop only saw a roughly 5% gain. Better than being in the red, but this kind of hype is also not even close to what we have previously seen on the short-squeeze ticker. For example, back in March we were tracking nearly 6,000 mentions per day for GME, but last week's action still only saw in the low 300's of mentions.
QQQ Trust (QQQ): If you're betting on tech as most WSBers do, they usually like to do it via the QQQ, an ETF that tracks the Nasdaq index. QQQ saw an +8% week, which was BIG for most tech stocks.
Apple (AAPL): Powering the Nasdaq through this bounce was Apple with an 8% gain for the week. Seems like Tim Apple is on WSB's good side this time around, our algorithm has picked up the sentiment to be rated as bullish.
Fedex (FDX): An unusual appearance by Fedex making it to the top of this week's list. The stock soared 7% after posting a mediocre earnings, but providing strong guidance going into next quarter. Here's a look at the Swaggy social mentions chart for FDX.
CPI: Not a stock, but the CPI numbers has been very high on the most mentioned tickers on WallStreetBets almost all year.
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