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According to a report by The Verge, there were more than 366 million posts on Reddit, 2.3 billion comments, and nearly 46 billion upvotes. While all the securities trending on the most popular meme platform, Reddit, do not possess fundamental strength, some are popular for valid business reasons.
Quality ETFs SPDR S&P 500 ETF Trust (SPY), Vanguard Index Funds – Vanguard Total Stock Market ETF (VTI), Vanguard S&P 500 ETF (VOO), and Invesco QQQ Trust (QQQ) are heavily trending on Reddit. Also, they have an overall A (Strong Buy) rating in our proprietary POWR Ratings system. So, it could be wise to bet on them now.
