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3 Overvalued Reddit Stocks to Avoid This Month

Following the GameStop (NYSE:GME) short squeeze earlier this year, the Reddit forum WallStreetBets (WSB) has become immensely popular. While WSB’s huge bets against short...
3 Overvalued Reddit Stocks to Avoid This Month © Reuters. 3 Overvalued Reddit Stocks to Avoid This Month

Following the GameStop (NYSE:GME) short squeeze earlier this year, the Reddit forum WallStreetBets (WSB) has become immensely popular. While WSB’s huge bets against short sellers and consequent short squeezes have helped many stocks skyrocket in price, it has also resulted in high valuations for several fundamentally weak stocks. So, we believe overvalued Reddit stocks Upstart Holdings (NASDAQ:UPST), Clover Health Investments (CLOV), and Root Inc. (ROOT), each with bleak growth prospects, are best avoided now. Read on.The subreddit WallStreetBets (WSB) gained immense popularity following the GameStop Corporation (GME) short squeeze it drove in January. WSB has targeted many other fundamentally weak stocks that possess high short interest and benefited retail investors by causing short squeezes in them.

However, the resurgence of coronavirus infections has raised concerns over the economy's faltering recovery and overshadowed the optimism about the Federal Reserve’s possible continuation of its accommodative policy. Hence, fundamentally weak and overvalued stocks that surged in price over the past few months, driven solely by social-media hype, could witness a significant pullback in the near term.

Therefore, we believe the shaky fundamentals and excessively stretched valuations of Reddit stocks Upstart Holdings, Inc. (UPST), Clover Health Investments Corp. (CLOV), and Root Inc. (ROOT) could potentially cause their share prices to retreat in the near term. So, they are best avoided now.

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18-09-2021 01:35:33 (UTC+7)

EUR/USD

1.1728

-0.0036 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

EUR/USD

1.1728

-0.0036 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

GBP/USD

1.3736

-0.0052 (-0.37%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

USD/JPY

109.94

+0.24 (+0.22%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (2)

AUD/USD

0.7271

-0.0018 (-0.25%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (2)

USD/CAD

1.2754

+0.0073 (+0.58%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (6)

EUR/JPY

128.95

-0.10 (-0.08%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (4)

EUR/CHF

1.0934

+0.0023 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

Gold Futures

1,751.95

-4.75 (-0.27%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Silver Futures

22.383

-0.411 (-1.80%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Copper Futures

4.2430

-0.0385 (-0.90%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

Crude Oil WTI Futures

71.97

-0.59 (-0.81%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

75.33

-0.34 (-0.45%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Natural Gas Futures

5.105

-0.230 (-4.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

US Coffee C Futures

186.75

-1.40 (-0.74%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,130.84

-39.03 (-0.94%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

S&P 500

4,429.40

-44.36 (-0.99%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

DAX

15,490.17

-161.58 (-1.03%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

FTSE 100

6,963.64

-63.84 (-0.91%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Hang Seng

24,920.76

+252.91 (+1.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

US Small Cap 2000

2,221.10

-15.18 (-0.68%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (3)

IBEX 35

8,760.90

+27.20 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

BASF SE NA O.N.

63.085

-2.125 (-3.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

45.07

-0.57 (-1.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

190.23

-2.24 (-1.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Adidas AG

281.60

-3.70 (-1.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Deutsche Lufthansa AG

8.210

+0.209 (+2.61%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (1)

Siemens AG Class N

148.76

-1.28 (-0.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Deutsche Bank AG

11.080

-0.025 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (8)

    EUR/USD 1.1728 ↑ Sell  
    GBP/USD 1.3736 Sell  
    USD/JPY 109.94 Sell  
    AUD/USD 0.7271 ↑ Buy  
    USD/CAD 1.2754 ↑ Sell  
    EUR/JPY 128.95 Neutral  
    EUR/CHF 1.0934 ↑ Buy  
    Gold 1,751.95 ↑ Buy  
    Silver 22.383 ↑ Buy  
    Copper 4.2430 ↑ Buy  
    Crude Oil WTI 71.97 ↑ Buy  
    Brent Oil 75.33 ↑ Buy  
    Natural Gas 5.105 ↑ Sell  
    US Coffee C 186.75 Buy  
    Euro Stoxx 50 4,130.84 ↑ Buy  
    S&P 500 4,429.40 ↑ Sell  
    DAX 15,490.17 ↑ Buy  
    FTSE 100 6,963.64 ↑ Buy  
    Hang Seng 24,920.76 ↑ Buy  
    Small Cap 2000 2,221.10 Buy  
    IBEX 35 8,760.90 ↑ Sell  
    BASF 63.085 ↑ Sell  
    Bayer 45.07 ↑ Sell  
    Allianz 190.23 ↑ Sell  
    Adidas 281.60 ↑ Sell  
    Lufthansa 8.210 Neutral  
    Siemens AG 148.76 ↑ Sell  
    Deutsche Bank AG 11.080 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,600/ 5,665
(0/ 0) # 809
SJC HCM5,600/ 5,665
(0/ 0) # 810
SJC Hanoi5,600/ 5,667
(0/ 0) # 812
SJC Danang5,600/ 5,667
(0/ 0) # 812
SJC Nhatrang5,600/ 5,667
(0/ 0) # 812
SJC Cantho5,600/ 5,667
(0/ 0) # 812
Cập nhật 18-09-2021 01:35:35
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,752.31 -1.82 -0.10%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI $71.98 -0.56 -0.78%
Brent $75.35 -0.56 -0.74%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.640,0022.870,00
EUR26.118,3927.477,69
GBP30.621,6331.901,01
JPY202,13213,83
KRW16,7120,34
Cập nhật lúc 18:53:14 17/09/2021
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