The meme-stock mania during the days of the pandemic was seen as a revolt of the ordinary retail investing public against the Wall Street giants. Armed with their zero-fee brokerage accounts on platforms like Robinhood (HOOD), a group of investors spearheaded by members of the Reddit (RDDT) group r/wallstreetbets shook the very foundations of giant hedge funds through a concerted effort of short-covering, resulting in overlooked names like GameStop (GME) and AMC (AMC) reaching new heights.
Now, after a lull of a few years, the frenzy is back, as a new wave of so-called meme-stocks like Kohl's (KSS), Opendoor (OPEN), Krispy Kreme (DNUT), and GoPro (GPRO) are having their moment in the sunshine. So, what are the next stocks that could catch a squeeze? A recent stock screener from CNBC highlighted three primary criteria: the short interest as a percentage of float should be above 30%; the company's market cap should be between $50 million and $2 billion; and the share price should be below $20. With those meme-stock guidelines in mind, here are 3 names to consider for momentum chasers.
