The Next Meme Stock Sensations? 3 Ready to Join the Rally | Markets

Despite the challenging macroeconomic landscape, investors are buying meme stocks as companies gain popularity again through social media and online communities. May was a particularly interesting month for meme maniacs following “Roaring Kitty’s” return after over three years. Gains were small compared to 2021, but this may change soon.

Earlier this week, the short-squeeze influencer Keith Gill scheduled a live stream for Friday, June 7, for the first time since 2021. The announcement sent GameStop (NYSE:GME) soaring. Then, an unconfirmed X post revealed Gill’s stake in GME stock valued at $586 million, which added to momentum.

GameStop will report its earnings on Tuesday, June 12. If it beats estimates, which seem more important than in 2021, it could act as a positive catalyst for other meme stocks. If played with caution, this may offer meme maniacs opportunities to squeeze out profits from the market.

One way to identify which meme stocks may benefit is to look back at those impacted in 2021. However, this is a rather risky endeavor. Based on historical precedent, meme stocks with the highest short-squeeze potential have a better chance of soaring.

Let’s explore three meme stocks combining short-squeeze potential and other factors, like…

Source investorplace.com

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