One of the most powerful stock market trends in 2021 was none other than the rise of meme stocks . Communities began to form on social media sites like Reddit to rally behind individual stocks in hopes of a quick gain. This craze is why businesses like AMC Entertainment and GameStop saw their shares skyrocket a respective 1,250% and 700% in 2021, despite having what most would agree are poor fundamentals.
I think investors would be wise not to dabble in this. Instead, a strategy centered on owning high-quality stocks for the long term is one I fully support. Five Below (NASDAQ: FIVE) , for example, is a top-notch retailer finding remarkable success in the discount space. And based on some outstanding traits, I personally own the stock in my portfolio.
Here's why you should seriously consider this explosive retailer.
For further details see:
Beyond Meme Stocks: Buy This Explosive Retailer Instead