V - Forget Reddit And Trump Media: Here's A Less Volatile Way To Cash In On Meme Stocks | Benzinga
The recent surge in meme stocks has investors on the edge, with many looking for a less volatile way to capitalize on the trend.
What Happened: Investors are exploring alternative ways to profit from meme stocks, such as those popularized by Reddit and X, formerly known as Twitter. These stocks, often linked to social media platforms, have attracted retail investors seeking quick returns, reported CNBC.
Hannah Gooch-Peters, a global equity investment analyst at Sanlam Investments, suggests a less risky approach. She advises investors to consider the exchanges themselves, citing Intercontinental Exchange (NYSE:ICE) as an example. ICE, which owns the New York Stock Exchange and several other exchanges, generates revenue from every trade at its venues.
Despite the recent surge in meme stock trading, Gerry Fowler, chief European equity strategist at UBS, warns that ...