4 Stocks That Aren't GameStop

Four stocks to shield you from YOLO trades and FOMO frenzy

Vikram Barhat 10 February, 2021 | 10:36AM

Tree with Roots

The crowd-sourced short squeeze involving GameStop over the pAst couple of weeks has made sensational headlines across the globe. Fuelled by Reddit traders and fanned by Twitter, the coordinated buying of the stock, and the nearly 1,700% jump in the share price in just two weeks, have left many anxious investors feeling torn between FOMO (Fear Of Missing Out) and the fundamentals of investing.

An elaborately orchestrated short-squeeze stampede may temporarily create a price rally for the shorted stock, but it does nothing to change the fundamentals of a moribund company circling the drain. Not even when a section of the investing community puts a David versus Goliath spin on the trade.

Let’s save speculative shorts bets for the glitzy gambling pits of Vegas. For the hard-earned money of long-term investors, a far better bet would be these following undervalued stocks with strong fundamentals, stable businesses and sustainable competitive advantage that will keep rewarding shareholders long after the social-media-driven valuations of unfavoured ‘meme’ stocks have turned to dust. 

Kellogg Co

 

Ticker

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Biogen Inc272.88 USD-1.58
Coca-Cola Co48.99 USD-2.35
Kellogg Co57.71 USD-1.75
Lockheed Martin Corp330.25 USD-2.61

About Author

Vikram Barhat  is a Toronto-based financial writer specialising in investing, stock markets, personal finance and other areas of the financial services industry. 

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