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The investment environment has changed significantly over the past couple of months, however. Investors are now betting on value stocks with solid fundamentals and significant growth potential because the economy is recovering at a faster-than-expected pace. Owing to this change in sentiment, the Reddit community has failed to trigger another GameStop-like short squeeze. Investors are now betting on the U.S.’ economic recovery and a rebound in global markets rather than speculating for short-term gains.
While several Reddit communities, such as WSB and ‘pennystocks’, are trying to precipitate another short squeeze, the majority of stocks targeted by these groups are highly speculative, with bleak growth projections and poor financials. Thus, we believe Reddit stocks Sundial Growers Inc . (SNDL), Ocugen, Inc. (OCGN), Castor Maritime Inc. (CTRM), and Naked Brand Group Limited (NAKD) are best avoided now.
