Forget Reddit And Trump Media: Here's A Less Volatile Way To Cash In On Meme Stocks
Portfolio Pulse from Benzinga Neuro
Investors seeking alternatives to the volatile meme stock trend are advised to consider exchanges like Intercontinental Exchange (NYSE:ICE) and companies with sustainable investments like Visa (NYSE:V). The meme stock phenomenon, driven by social media, continues into 2024 with stocks like Affirm Holdings Inc (NASDAQ:AFRM) and NVIDIA Corp (NASDAQ:NVDA) being highlighted.
April 03, 2024 | 8:49 am
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Intercontinental Exchange, owner of NYSE, is recommended as a less volatile investment option amid the meme stock trend.
Given its role in facilitating trades, ICE benefits from increased trading volume without the direct volatility associated with meme stocks.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
NVIDIA Corp, with high profit margins, is mentioned alongside Visa as a sustainable investment, despite being part of the meme stock conversation.
NVIDIA's solid financials and growth in tech make it a potentially less volatile investment compared to typical meme stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Visa is highlighted as a sustainable investment option with profit margins comparable to NVIDIA but less associated with the meme stock volatility.
Visa's stable business model and high profit margins make it an attractive alternative for investors seeking less volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Affirm Holdings Inc is experiencing a surge similar to other meme stocks, driven by retail investors.
While AFRM is part of the meme stock trend, its volatility makes it a riskier investment, aligning with the broader caution around meme stocks.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 60