In October, Loop Capital analyst Christopher Kapsch maintained a Buy rating on Piedmont Lithium Inc. Redditors expect the firm to grow as lithium demand rises in North America, especially in the context of EV production. The purchase creates a lithium production hub in the Abitibi region of Quebec. In late August, the company completed the $196 million acquisition of Sayona Mining, an emerging lithium producer, after gaining regulatory approvals. (NASDAQ:PLL) explores for and develops resource projects. Speedcurve Performance Analytics Stocks Redditors are Buying for 2022 10. (NASDAQ: GOOG ), and Microsoft Corporation (NASDAQ: MSFT ), among others discussed in detail below. Some of the stocks presently popular on Reddit include, Inc. Reddit discussion threads and the enthusiasm that these retail investors portray for the market, on the other hand, would suggest otherwise. Heading into 2022, analysts expect retail investors to once again fade into the background as average growth and inflation fears “bore” them out of the market. According to David Kostin, the chief US equity strategist at investment bank Goldman Sachs, the retail investor buying frenzy at the market is just getting started and renewed volatility will be one of the defining characteristics of this trend. However, it seems like the opposite has happened. Over the past twelve months, as vaccine deployment improved and the economy reopened, many experts had predicted that this retail investing boom would steadily fizzle out. The Alternative Investment Management Association, a hedge fund-led body, called the frenzy a “market distortion”.
Reddit smashing four movie#
At the beginning of 2021, the “Reddit crowd” was responsible for a short squeeze involving GameStop, a retailer for gaming products, and AMC Entertainment, a movie theatre business, that resulted in losses worth at least $12 billion to institutional investors like hedge funds. Internet platforms like Reddit and the retail investors who use them to exchange investment ideas have perhaps been the biggest story in the finance world this year. If you want to skip our detailed analysis of these stocks, go directly to the 5 Stocks Redditors are Buying for 2022. In this article, we discuss the 10 stocks Redditors are buying for 2022.
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