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Although the most popular meme stock GameStop Corporation (GME) is up 801.3% year-to-date, the company’s unstable financials and bleak growth potential may lead to a price pullback in the near term. In its last reported quarter, GME’s operating loss came in at $58 million and its net loss amounted to $61.6 million. Furthermore, analysts expect its EPS to decline 20.9% in the next quarter. The stock has declined 10.7% in price over the past month.
Therefore, we think fundamentally sound stocks Apple Inc. (NASDAQ:AAPL), Sirius XM Holdings Inc. (NASDAQ:SIRI), and Goodrich Petroleum Corporation (GDP), which are being discussed heavily on subreddit WSB, could be better choices than GME for meme investors.
