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7 Meme shares to buy for a fourth quarter rally: AMC, GME, SNDL – Marseille News

Call them what you want: meme actions, Reddit favorites, short press monsters, it’s the same. Ultimately, there are a handful of stocks investors love to take for a massive turnaround in a short amount of time, making them meme stocks to buy.

Even stocks are often short high interest, which can trigger epic upward pressures. However, this does not necessarily have to be the case.

Sometimes there are only a few meme actions in the spotlight. At other times, there may be two dozen or more names on the merchant watch list. The point is simple, though: knowing which names have the potential to go epic, albeit short-lived, are being adjusted on the rise.

With all the action we’ve seen so far this year, we’ve narrowed our list down to seven memes to watch in Q4. They are:

GameStop (NYSE: GME)
AMC Entertainment (NYSE: AMC)
Blackberry (NYSE: BB)
Beyond me at (NASDAQ: PARND)
Ocugen (NASDAQ: OCGN)
Rocket Lab United States (NASDAQ: RKLB)
Sundial Producers (NASDAQ: SNDL)

Now, let’s dive in and take a closer look at each one.

Same shares to buy: GameStop (GME)

Source: TY Lim / Shutterstock.com

How do we start the list without starting with GameStop? This action has become the face of meme actions because it really kicked off the wild moves we’ve seen in 2021.

In January, GameStop was listed as a teenager, and many investors already believed that stocks had taken a big step. In many ways, it was. Stocks were trading below $ 5 in the summer of 2020, so tripling or quadrupling those prices was already a warm gesture.

But then the Reddit talk about a brief boost for ages began and investors didn’t disappoint. Shares of GameStop have soared more than 2,400% in a matter of weeks, reaching $ 483. The move attracted a lot of interest from retailers, but it surely attracted professional traders and hedge funds into the mix, along with algorithms. While GameStop stock hasn’t held its gains since January, we’ve seen many higher cuts since then.

For example, stocks went from $ 40 in February to almost $ 350 in March. After hitting a low of $ 136.50 in May, the shares fell back to $ 350 in June.

In other words, if there are meme stocks that can fuel a massive short-term rally in the fourth quarter, it’s GameStop.

AMC Entertainment (AMC)

AMC (AMC) shares are displayed on the Robinhood app with the Reddit logo in red in the background.AMC (AMC) shares are displayed on the Robinhood app with the Reddit logo in red in the background.

Source: viewimage / Shutterstock.com

AMC Entertainment straddled GameStop. While GameStop was the face of meme stocks in January, AMC was also trying to take advantage of the gains. Stocks saw a 301% one-day rally, but peaked and plunged from that point.

Fast forward to the end of May and the stock has really started to rally. Then AMC became the face of meme stocks as it exploded through old highs. Finally, it was up more than 700% in less than a month, and the stock went from less than $ 10 to more than $ 70. Obviously, these stocks don’t “deserve” this kind of move, but that doesn’t mean they can’t happen. Obviously, this has been illustrated.

If GameStop was the leader the first time and AMC shares the second time, who can say that it cannot lead again for the third time?

The company has raised a lot of money in recent months and its fundamentals have a real chance of improving with the return of many studio releases in theaters. Additionally, AMC CEO Adam Aron recently announced a possible partnership with GameStop.

Does this give these stocks the best chance to rally in the fourth quarter? Can be.

Meme shares to buy: BlackBerry (BB)

Image of the BlackBerry logo on the side of a building.Image of the BlackBerry logo on the side of a building.

Source: Paul McKinnon / Shutterstock.com

For AMC, I asked why it couldn’t load a third more load. But should we ask if there is another stock competing to trigger a short shrink trade? And if so, we could consider BlackBerry a potential candidate.

BlackBerry had just broken out of multi-month lows, but gave us a 15.5% intraday gain with better-than-expected gains. Since then, we’ve seen stocks fall, but at around $ 10 it’s clear that these stocks could benefit from some good upward pressure if investors are looking for solid, low-priced stocks to move up; here are six more.

If this stock can break above its major moving averages again, the key $ 12 level is in the offing. Above that mark, and technically speaking, we could see sparks.

In January, BlackBerry moved toward $ 30 before retiring. After a higher low, the stock broke above $ 20 again in June. Now do a lower one higher, is there a squeeze back in play? Can be.

As the company goes through a year in decline, it is more than halfway through fiscal 2022. For the next fiscal year, analysts expect more than $ 900 million in sales and a possible return to profitability.

Beyond the meat (BYND)

Image of Beyond Meat (BYND) burgers on a store shelfImage of Beyond Meat (BYND) burgers on a store shelf

Source: Various Photographs / Shutterstock.com

Beyond Meat appears to be one of the biggest companies on the meme stock list. Not that investors have never heard of GameStop, AMC, or BlackBerry before, but those names have faded into obscurity in recent years.

During this time, however, Beyond Meat had seen several good years of profit. The title continues to rise considerably since its public debut, despite a 55% drop from all-time highs (achieved in 2019). Note that the stock valued its IPO at $ 25, opened at $ 46, and is still trading above $ 100 despite the current correction.

Meanwhile, Beyond Meat attracted a lot of attention, built a strong brand, whether consumers liked it or hated it, and garnered significant reviews.

While Beyond Meat hasn’t been doing well lately, few growth stocks have. That being said, this name has been piling up lately. In January, the stock gave us a 65% jump in three days, followed by another 60% rally from the May low to the June high.

The company continues to expand its product offering and where its products are available. Will this lead to a fourth quarter blowout? Only time will tell.

Meme shares to buy: Ocugen (OCGN)

The scientist holds the test tube while it is in the containerThe scientist holds the test tube while it is in the container

Source: Shutterstock

Many investors have high expectations of Ocugen. The company is not only working on a treatment for blindness, it is also working on a vaccine against Covid-19. Better known as ocular biotherapeutics, this organic, clinical-stage company has great potential for growth.

The stock got stuck in an increasingly tight corner, but that can lead to explosive bullish gains. The stock saw a 1,200% rally from January 27 to February 8, and another 200% rally from late April to early May.

When it comes to your Covid vaccine, there are a lot of promise. You have just completed your Phase 3 trial and it has shown promising results. While the overall efficacy rate was lower than that of the Pfizer (NYSE: PFE) and Moderna (NASDAQ: mRNA) vaccines, the company’s vaccine had a high efficacy rate against the Delta variant.

That being said, it is a no income business at the moment. So while the market may become saturated with vaccines, passing this could sink money into Ocugen’s income statement.

Look for pressure on the downtrend resistance to initiate the action.

Rocket Lab USA (RKLB)

Rocket launch into spaceRocket launch into space

Source: 3Dsculptor / Shutterstock.com

Rocket Labs actually has a pretty constructive graph when it comes to potential compression sets. The stock had a nice rally in March, but the real contraction was actually much more recent. The shares more than doubled at the beginning of the month.

Now on the decline we have a solid setup as the 21-day moving average acts as support. Let’s see if the bulls can piss this one off for another push higher.

The stock has a market capitalization of nearly $ 7 billion, so it’s not exactly dark. That said, it is not something that is discussed as much as BlackBerry or Beyond Meat.

Still, that won’t stop algorithms and short juicers from sniffing this one out and pushing it higher. Also, keep aerospace companies on your radar. Positive news for Galactic Virgo (NYSE: SPCE), Elon Musk’s SpaceX or Jeff Bezos’ Blue Origin could bring Rocket Labs to life.

Same shares to buy: Sundial Growers (SNDL)

Sundial Growers company logo sndl stock icon on websiteSundial Growers company logo sndl stock icon on website

Source: Postmodern Studio / Shutterstock.com

For my last pick, I was going to write to Gogo (NYSE: GO GO), but thanks to the positive financial update from management, the stock soared almost 40% on September 28 and hit new highs. Instead, let’s take a look at Sundial Growers.

This is a real penny stock, trading at just under 70 cents a share. It has had several seasons above $ 1 and even rose to $ 1.50 or more on several occasions. However, its best rally this year took the stock as high as $ 3.96.

As the stock is trending towards multi-month lows, we cannot rule out extreme bullish compression. This is especially true if there is renewed interest in cannabis stocks. Canopy Growth (NASDAQ: CCG), Aurora Cannabis (NASDAQ: ACB) and others have been trading too well lately, but if that changes we may see a solid offering for Sundial as well.

Additionally, its market capitalization of less than $ 1.5 billion allows investors to easily ramp up.

Who knows, maybe an income report will add to this. Analysts forecast revenue growth of 66% next year, with consensus expectations of $ 74 million for the year. However, the high estimate stands at nearly $ 100 million. If management offers a strong outlook, it could trigger a bigger rally.

At the time of publication, Bret Kenwell had no (directly or indirectly) position on the titles mentioned in this article. The opinions expressed in this article are those of the author, subject to the publication guidelines of InvestorPlace.com.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.

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