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The 3 Hot New Meme Stocks List for September 2022 – InvestorPlace

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Listed here are three in style Reddit shares that might achieve traction in September
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Buyers’ appetites for warm, new meme shares with excessive potential seems to be gaining momentum nowadays. Offering proof for that assertion,  the VanEck Social Sentiment ETF (NYSEARCA:BUZZ) has soared over 10% prior to now month. Likewise, the Roundhill Meme ETF (NYSEARCA:MEME) is up about 9% because it touched a current low on July 26. Nonetheless, these exchange-traded funds (ETFs) have misplaced about 35% and 50%, respectively, of their worth to this point in 2022.
Meme-stock buyers earned a substantial amount of cash in the course of the pandemic due to the social media hype of meme names and their cult-like following.  In 2020 and 2021, these components brought about meme shares to rally. Nonetheless, the poor fundamentals and frothy valuations of meme shares normally make them risky and speculative.
They normally overperform when the broader market strikes up, however in addition they are inclined to underperform on the best way down. Consequently, sizzling, new meme shares provide buyers and merchants compelling however dangerous buying and selling alternatives and  potential brief squeezes.
In the meantime, the SEC has launched a video highlighting the risks of investing in meme stocks. The company can also be holding a detailed eye on these companies in an effort to test if any of them has engaged in misconduct.
With that in thoughts, listed below are three meme shares that might achieve traction within the closing months of the yr:

bed bath & beyond storefront (BBBY)

Dwelling furnishings retailer Mattress Bathtub & Past (NASDAQ:BBBY) operates round 1,000 shops throughout North America. The omnichannel chain sells a variety of branded bed-and-bath equipment, kitchen textiles, and cooking provides.
Mattress Bathtub & Past introduced its first-quarter financial results  in late June. Its income declined 25% year-over-year (YOY) to $1.46 billion, whereas its web loss, excluding sure objects, soared to $2.83 per share, versus its earnings per share of 5 cents in the identical quarter a yr earlier.
BBBY ended the interval with money and equivalents of $107 million, leaving the retailer with sufficient funds to remain solvent for 3 quarters at its present cash-burn fee.
But the closely shorted meme inventory is up 100% over the previous month, pushed by a brief squeeze and discussions about BBBY on Reddit boards. Over 47% of the shares’ float is held by brief sellers, making it a simple goal for meme merchants.
BBBY inventory is down 33% to this point in 2022. Within the short-term, the path of this meme inventory will rely totally on retail merchants’ curiosity in it and the way a lot of the inventory stays shorted after its current squeeze.
Shares are presently changing hands for simply 0.1 occasions its trailing gross sales. Analysts’ 12-month median value forecast for BBBY inventory stands at $3.25.
Snap (NYSE:SNAP) is the guardian firm of the social media platform Snapchat. It boasts a younger viewers, with 60% of customers between 13 and 24 years outdated. Snapchat generates nearly all of its income from promoting.
The social media firm reported its Q2 results on July 22. Final quarter, Snap’s income grew by simply 13% YOY to $1.1 billion. Its web loss, excluding sure objects, got here in at 2 cents per share, in comparison with EPS of 10 cents in Q2 of 2021. Snap has over $4.8 billion of money, equivalents, and marketable securities.
In Q2, Snap’s each day lively customers elevated 18% YOY to 347 million. The platform is attracting new customers, however the demand for advertisements on the platform has dwindled. In addition to macroeconomic challenges, competitors from TikTok has additionally contributed to the slowing of Snap’s top-line progress. Administration tasks that Snapchat’s  each day lively customers will improve 4% in Q3 versus Q3 to 360 million.
To this point in 2022, SNAP is down 26%, and its shares are presently trading at simply 3.9 occasions its trailing  gross sales. Analysts’ 12-month median value forecast for SNAP is $14.
Virgin Galactic (NYSE:SPCE) hopes to grow to be the primary passenger spacecraft firm and to create space tourism a sturdy industrial trade. This vertically built-in aerospace firm is providing journeys to area in an effort to offer rich shoppers with a singular area expertise.
The area tourism firm launched its Q2 results on Aug. 4. Its web loss got here in at 43 cents per share, up from a loss per share of  39 cents a yr earlier. Its money place of over $1.1 billion means that it might have satisfactory funding to offer many industrial area flights.
A sequence of testing delays have brought about Virgin Galactic to postpone its industrial service launch date over the previous two years. The corporate now anticipates beginning to fly vacationers into area by Q2 of 2023. It plans to launch round 400 flights per yr and goals to promote the primary 1,000 seats to passengers for $450,000 every.
Space tourism is forecast to develop at a compound annual progress fee (CAGR) of near 12.5% between 2020 and 2025. Virgin Galactic expects to grow to be worthwhile as soon as the corporate commences its area flights in late 2023.
SPCE inventory is down nearly 53% in 2022. Wall Road’s 12-month median value forecast for SPCE inventory stands at $7.
On the date of publication, Tezcan Gecgil didn’t have (both instantly or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Pointers.
Tezcan Gecgil has labored in funding administration for over twenty years within the U.S. and U.Ok. Along with formal increased training within the area, she has additionally accomplished all 3 ranges of the Chartered Market Technician (CMT) examination. Her ardour is for choices buying and selling based mostly on technical evaluation of essentially sturdy firms. She particularly enjoys establishing weekly lined requires revenue technology.

Article printed from InvestorPlace Media, https://investorplace.com/2022/08/the-3-hot-new-meme-stocks-list-for-september-2022/.
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