Was This Analyst Right About Meme Stocks?

We recently published 10 Trending Stocks Moving These Days. The Roundhill Meme Stock ETF (NYSEArca:MEME) is one of the trending stocks moving these days.

Earlier in October, Scott Ladner, Chief Investment Officer at Horizon Investments, talked on CNBC about the launch of the new MEME ETF and said that he’s seeing 2021-like behavior in the market where retail investors were getting excited about meme stocks. However, the investor at the time warned that it’s probably “not going to end great” for meme stock investors.

“It’s doing exactly what it’s supposed to do, frankly, but it is sort of endemic to what we are seeing retail folks do right now. If you look at just individual option trading or individual stock trading for the retail side, which makes up almost half the trading volume nowadays, it is well skewed towards buying calls, buying upside calls, essentially doing the types of things that we saw in 2021, as the meme stuff really ended up taking off. It’s that kind of behavior that we’re seeing again. And yeah, it’s probably not going to end great for some of that stuff, but for right now, it is at least somewhat supported largely by some of these fundamentals.”

Meme stocks are in focus these days after companies like Beyond Meat and Krispy Kreme saw a massive surge in their stock prices.

While we acknowledge the risk and potential of MEME as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MEME and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.