BBIG - Buzz stocks trail the broad market in September but quant analysis plays
September was a rough month for the most discussed stocks on Reddit's WallStreetBets as the top names failed to deliver a short-term bang and trailed the broad market by a wide margin. If an investor bought the most discussed stocks on September 1 and held them through today, they would be down roughly 17% on paper on an equally-weighted basis. September returns: Skillz (NYSE:SKLZ) -22.2%, Corsair Gaming (NASDAQ:CRSR) -8.9%, GameStop (NYSE:GME) -20.3%, AMC Entertainment (NYSE:AMC) -22.8%, Tesla (NASDAQ:TSLA) +6.5%, Alibaba (NYSE:BABA) -14.0%, Tilray (NASDAQ:TLRY) -20.0%, Zoom Video (NASDAQ:ZM) -24.5%, CrowdStrike (NASDAQ:CRWD) -15.1% and Vinco Ventures (NASDAQ:BBIG) -26.8%. Along those same lines, the VanEck Vectors Social Sentiment ETF (NYSEARCA:BUZZ) trailed the S&P 500 Index in September and for the last six months. Heading into October, the list of most discussed stocks on WallStreetBets includes Lucid Group (NASDAQ:LCID), Tesla (TSLA), TMC the metals company Inc.(NASDAQ:TMC), Palantir Technologies (NYSE:PLTR), Dole (NYSE:DOLE), Camber Energy (NYSE:CEI), SmileDirectClub (NASDAQ:SDC), GameStop (GME), Virgin Galactic (NYSE:SPCE) and ContextLogic
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Buzz stocks trail the broad market in September but quant analysis plays