Top 3 meme stocks to buy in July: the next GameStop/AMC?

Since the Reddit community, WallStreetBets, initiated a short-squeeze craze back in January, stocks across the market have skyrocketed based on investor sentiment rather than fundamental value. The two most notable examples of this are GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC), with both experiencing monumental, unprecedented surges in their share price.

Because of this social investing movement, every investor is asking the exact same question: what stock will be the next GameStop or AMC? This article lists the stock prospects that have the potential to go to the moon should market sentiment and a short squeeze align.

Where to buy meme stocks online

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To get things started, we have listed the two best places to buy stocks in the UK and elsewhere below. You can access all of the meme stocks you desire – including the ones on our list – and enjoy low fees with these industry-leading stockbrokers:

[inv-simple-table offer-type=stocks limit=2

Now you know where to buy shares online, if you remain confused about any part of the process, check out our beginners’ guide to buying shares to learn how to get started and the common mistakes to avoid.

Top 3 meme stocks

So, without further ado, here is our list of the top three GameStop/AMC alternatives.

Workhorse Group Inc. (NASDAQ: WKHS)

This is an American manufacturing company that is focussed on manufacturing electric delivery and utility vehicles. It was founded in 1998 and is headquartered in Cincinnati, Ohio.

The company’s stock price has surged in recent weeks, and this is largely down to the whopping 40% of float short interest held against it. This makes it a prime target for a potential short squeeze should momentum swing Workhorse’s way. It is a great alternative to GameStop or AMC, which already appear to have experienced the bulk of their growth.

To read our most recent article about WKHS stock, click here.

Clover Health Investments (NASDAQ: CLOV)

This is a growing Medicare Advantage insurer that operates in North America. Founded in 2014 in Tennessee, Clover Health is using its software platform with the aim of arranging health insurance for millions of Americans who are eligible for Medicare.

CLOV’s stock price accretion is little surprise given the substantial 37% short interest of its total float. The company’s share price has already experienced meteoric growth, and it could be poised for an even more significant surge should momentum grow.

Click here to read our latest coverage of CLOV shares.

Bed Bath & Beyond (NASDAQ: BBBY)

Based in New Jersey, Bed Bath and Beyond is an American retail chain that offers various domestic merchandise. This includes appliances, furniture, decorative goods and much more.

Having been founded in 1971, BBBY stock was always a solid performer. However, since 2015, the company’s value tailed off following the growth of the online marketplace and a decline in demand for physical shopping.

With over 32% of the company’s float being short interest, BBBY’s share price could be set for a major surge, and it has already gathered plenty of traction on social media.

Check out our most recent article covering BBBY shares here.

Honourable mentions

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