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Top 16 meme stocks this week on Reddit: Tesla tops the chart ahead of earnings, Cloudflare breaks out, and bitcoin miner Marathon Digital races higher

Tesla has been a meme stock for three straight weeks, and it reports earnings on Wednesday.

  • Meme stocks like GameStop and AMC Entertainment have exploded up to 17% in recent sessions.
  • Redditors are buzzing about Tesla ahead of its earnings, as well as Cloudflare and Marathon Digital.
  • Here are the top 16 meme stocks on Reddit right now, according to HypeEquity.

Meme stocks are back, though small-time investors will argue that they never went anywhere.

Following weeks of underperformance, the two original meme stocks, GameStop (GME) and AMC Entertainment (AMC), are up 6% and 17% in the past five sessions, respectively – continuing their remarkable respective year-to-date runs of 870% and 1,894%.

The improbable rallies of two nearly-left-for-dead companies came after individual investors used social media to convince others to support those names. But what started as a joke for some has proved to be serious. Many traders ditched GameStop and AMC after their mammoth surges once the flood of memes about those stocks died down, while others refused to sell.

A grassroots movement formed against the Wall Street titans that placed bearish bets against businesses many of these traders, who tend to be young, grew up loving. In fact, 14% of new investors have taken up the practice to “take down old Wall Street,” according to a recent survey from Public, a millennial-focused investing app, and research group Nonfiction Research.

Meme stocks are usually easy to spot, but there’s no dictionary definition for them. These select few stocks have big online fanbases and spike on a surge in trading volume. But if getting in on memes stocks early was easy, many users of Reddit – the popular forum where meme stocks are often discussed – would be millionaires. In reality, the search for the next hot stock is hard.

A website called HypeEquity was created to address that very issue. A software engineer named Travis Rehl built it to make the search for popular and fast-rising meme stocks easier by tracking and analyzing posts in investing chats on Reddit, while dismissing spammers’ posts.

“I made some money off of GameStop, and I said, ‘Hey, this is pretty cool, I want to do more of this,'” Rehl told Insider. “And I quickly realized it’s impossible to do more of it because you have to spend so much time to research and learn. So I said to myself, ‘I’ll make other people do it for me.’ Letting other people do stock discovery and talk about it, and then they’ll bubble to the top, the top 10 things I should be looking at, and I’ll spend my time on those.”

HypeEquity has two top 10 lists of stocks on its homepage: hyped stocks, or those with the most mentions and high trading volumes; and trending stocks, which are the fastest risers on Reddit.

Four names appear on both lists this week: Tesla (TSLA), SoFi (SOFI), Cloudflare (NET), and Riot Blockchain (RIOT). Tesla is no stranger to HypeEquity’s lists – it has made an appearance for at least 13 straight weeks dating back to mid-July – but it’s especially newsworthy now after a 29% rally in the last two months and ahead of its Q3 earnings report on Wednesday.

Meanwhile, SoFi, Cloudflare, and Riot Blockchain have risen 31%, 58%, and 17.5% in October, respectively, while bitcoin miner Marathon Digital has outpaced them all, rising 61% in that span.

Below is a list of the top 16 stocks on Reddit from HypeEquity’s hyped stocks and trending stocks pages, as of early Tuesday. Along with each stock are its ticker and the following data from HypeEquity: category (hyped or trending), social mentions, and social volume percent change.

1. Tesla

1. Tesla Inc.


Ticker: TSLA

Category: Hyped, Trending

Social mentions: 1,274

Social volume change: 222%

2. GameStop

2. GameStop Corp.


Ticker: GME

Category: Hyped

Social mentions: 861

Social volume change: 302%

3. SoFi Technologies

3. SoFi Technologies


Ticker: SOFI

Category: Hyped, Trending

Social mentions: 420

Social volume change: 1,255%

4. Cloudflare

4. Cloudflare Inc.


Ticker: NET

Category: Hyped, Trending

Social mentions: 340

Social volume change: 3,678%

5. Apple

5. Apple Inc.


Ticker: AAPL

Category: Hyped

Social mentions: 264

Social volume change: 676%

6. AMC Entertainment

6. AMC Entertainment


Ticker: AMC

Category: Hyped

Social mentions: 222

Social volume change: 276%

7. Riot Blockchain

7. Riot Blockchain Inc.


Ticker: RIOT

Category: Hyped, Trending

Social mentions: 192

Social volume change: 1,500%

8. Walt Disney

8. Walt Disney Co.


Ticker: DIS

Category: Hyped

Social mentions: 186

Social volume change: 431%

9. Facebook

9. Facebook Inc.


Ticker: FB

Category: Hyped

Social mentions: 180

Social volume change: 386%

10. Advanced Micro Devices

10. Advanced Micro Devices


Ticker: AMD

Category: Hyped

Social mentions: 169

Social volume change: 284%

11. Alibaba

11. Alibaba Group Holding Ltd.


Ticker: BABA

Category: Trending

Social mentions: 83

Social volume change: 168%

12. FuelCell Energy

12. FuelCell Energy Inc.


Ticker: FCEL

Category: Trending

Social mentions: 131

Social volume change: 908%

13. Progenity

13. Progenity Inc.


Ticker: PROG

Category: Trending

Social mentions: 103

Social volume change: 281%

14. Marathon Digital Holdings

14. Marathon Digital Holdings Inc.


Ticker: MARA

Category: Trending

Social mentions: 61

Social volume change: 144%

15. Amazon

15. Amazon.com Inc.


Ticker: AMZN

Category: Trending

Social mentions: 64

Social volume change: 146%

16. Invesco QQQ Trust Series 1

16. Invesco QQQ Trust Series 1


Ticker: QQQ

Category: Trending

Social mentions: 102

Social volume change: 278%

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