Best meme stocks to buy in 2024

The rise of viral stocks driven by the Reddit messageboard has turned the financial world upside down. This guide picks the top meme stocks you need to know about this year.
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Updated: Nov 30, 2023

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This guide explains what makes a meme stock, where you can find them, and why they rose to prominence. Then get the lowdown on which ones are the best.

What are the top meme stocks to buy?

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Here are our picks for the best meme shares this year. You can find their latest stock price by following the links in the table, or scroll down for more information on each company.

#Stock symbolCompany nameTrade now
1GMEGameStop Corp.
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2AMCAMC Entertainment Holdings Inc.
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3BBBlackBerry Ltd.
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4CLOVClover Health Investments Corp.
5SPCEVirgin Galactic
Trade SPCE

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List chosen by our team of analysts, updated January 2024.

1. GameStop Corp. (NYSE: GME)

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GameStop is an American retail store that specialises in gaming and electronics. The original meme stock, GameStop is the largest video game retailer in the world.

It leapt into the public consciousness at the start of 2021 as a swathe of retail investors performed a short squeeze on institutional hedge funds. That sent its share price up over 800% in a few days. Initially inspired by a leadership change, GameStop’s momentum took on a life of its own to turn it into a $200 a share company.

There are some reasons to believe this momentum can continue. It raised billions of dollars by selling more shares that it plans to use to fund a move to identify new growth opportunities, particularly in ecommerce. It also has a huge base of enthusiastic customers, which is more than enough to earn top spot on this list.

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2. AMC Entertainment (NYSE: AMC)

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AMC is an American cinema chain that owns movie theatres across the world. Most of its business is centred in the US, where it runs over 600 cinemas, and it owns the likes of Odeon and UCI chains as well.

Like GameStop, AMC had been struggling along for a while before it hit the big time at the start of 2021. Unlike its counterpart, it has really leaned into its status as a meme stock, even handing out free popcorn to its shareholders as a thank you. After jumping 400% in January, its share price found a second wind as lockdown restrictions eased in May.

That reopening is the main reason to believe in AMC’s long term prospects. Cinemas were hit especially hard by the pandemic and AMC had been trending down for a while. Now, with a strong balance sheet thanks to a series of new share offerings in 2021, it’s in a great spot to take advantage and return to prosperity in the future.

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3. BlackBerry Ltd. (NYSE: BB)

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BlackBerry is a cybersecurity firm that’s best known for being one of the dominant players of the early smartphone market. In recent years, BlackBerry has transitioned away from mobile phones and towards software and artificial intelligence as its core business areas.

Although in a smaller way than the companies above it in this list, BlackBerry was also caught up in the war on short sellers in early 2021. BB’s price jumped over 200% in the early part of the year, and saw another spike around Easter.

Its potential to live up to investors’ hopes relies on how well it can corner new areas of the market, such as in providing the software for the automotive industry. The early signs are good and its sound financial position means it’s in a good spot to take advantage of new growth opportunities in the years to come.

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4. Clover Health Investments (NASDAQ: CLOV)

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Clover Health is a medical insurance company based in the US. Its unique feature the use of artificial learning to recommend better treatments to keep people healthier. It went public in 2021 through a SPAC merger sponsored by the venture capitalist, Chamath Palihapitiya.

SPACs have been extremely popular over the past couple of years, and its price immediately jumped more than 50% as soon as the merger went through. Since then, though, it’s been more rocky. The stock has attracted the attention of short sellers, in part thanks to a potential investigation against it by the US Department of Justice (DoJ).

That short interest in turn attracted more Reddit investors to the stock, which doubled in value in a few days in mid-2021. The AI behind the company is potentially ground-breaking and it’s dreaming big, with the goal of increasing ten times in value over the next decade. You just need to keep your eye on the DoJ moves against it.

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5. Virgin Galactic (NYSE: SPCE)

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Virgin Galactic is a space flight company that was founded by the British entrepreneur Richard Branson in 2004. Its goal is to operate commercial space flights, and it has been planning to send passengers into orbit for well over a decade.

The company’s share price is very sensitive to any news that comes out about the progress of its technology and test flights. It has been fluttering around as a popular online stock for some time, and big rises and falls are not uncommon. Twice in 2021 alone the stock more than doubled.

The biggest news of all, though, was the Federal Aviation Authority’s (FAA’s) decision to approve its request to fly commercial passengers into space. That decision in June 2021, on the back of a successful test flight in May, means we could be on the verge of the stock going truly stratospheric.

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Where to buy the best meme shares

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If you want to dive in and get your own shares right away, then these brokers are the place to start. They’re all excellent platforms for beginners and you can use our reviews to get the lowdown on the features they offer.

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What is a meme stock?

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‘Meme stocks’ are essentially shares that go viral online. It’s a catch-all term for stocks whose popularity and price is driven by casual investors on the internet. They are usually stocks that were picked out by posters on Reddit or Twitter who are famously brash and tend to use memes as part of their ‘analysis’. Most famously, to predict that the price is going ‘to the moon’.

Are meme shares a good investment?

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In moderation they certainly can be. These stocks are some of the most volatile on the market, and often based on hype rather than any hard financial results. However, the meme stocks our experts picked out all have a genuine reason to be bullish about them at their core.

As long as you go in with your eyes open and understand that the value of your investment might fall significantly, they can be a good addition to your portfolio. The safest way to use them is as part of a balanced group of stocks, with less risky, more defensive stocks acting as a makeweight for the volatile nature of these companies.

The other important thing to note about them is that they can move fast. All of the stocks on this list have seen huge daily swings, far beyond what companies usually experience. You need to be plugged in to the latest news to make sure you don’t miss anything important.

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Latest meme stock news

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The ProShares UltraPro QQQ (TQQQ) ETF has done well this year as American stocks jumped. The highly leveraged fund soared to a high of $46 in November, bringing the year-to-date gains to over 80%. It has jumped by more than 175% from the lowest point in December last year. There are signs that inves
Southwest Airlines Co (NYSE: LUV) says it is now close to signing a preliminary deal with its pilots’ union. Shares of the air carrier are up 5.0% at writing. What Southwest and pilots’ union have agreed on? The Dallas-headquartered airline has agreed with the union on retirement plan, pay raise, an
S&P 500 is trending up at writing even after Jerome Powell – the Chair of Federal Reserve dubbed it “premature” to expect aggressive rate cuts in 2024. BMO analyst shares view on S&P 500 Powell told his spectators at Spelman College in Atlanta on Friday that the Federal Open Market Committee
Shares of the Walt Disney Co (NYSE: DIS) are slightly in the red on Friday even though the mass media giant reinstated the dividend it had suspended some three years ago. Disney to pay 30 cents a share in dividend The announcement arrives only a day after Nelson Peltz of Trian Partners pushed for tw
Penny stocks like Green Giant (GGE), Neximmune (NEXI), Altimmune (ALT), and Harbor Custom Development (HCDI) were among the best-performing companies in Wall Street on Friday. All of them jumped by more than 40% even as the Nasdaq 100 and S&P 500 indices pulled back.  These companies have n
Panera Bread is in focus this morning following a report that it wants to go public again via an initial public offering. Panera expects IPO market to pick up Anonymous sources told the Financial Times on Friday that Panera Bread – a Missouri-based chain of bakery-café restaurants has confidentially

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Jayson Derrick
Senior Editor of News
Jayson was the Lead News Editor at Invezz until 2023 overseeing the team of reporters, analysts and strategic direction of news content. He traded stocks professionally... read more.