15 Best Websites To Research Stocks

4. Reddit 

One of the best websites for stock research is Reddit, which is an online forum. Investors typically discuss their latest trades, trending stocks, portfolio profits and losses, and macroeconomic conditions on Reddit, an online forum. WallStreetBets, a community of 12.5 million Redditors discussing their personal trade ideas and portfolio compositions, is Reddit’s most popular investment thread. Subreddits like r/investing, r/stocks, r/biotech, and r/pennystocks are also crucial for stock research.

Redditors have a strong community and can easily push up prices and influence the stock market, which is why WallStreetBets has created several meme stocks over the years. GameStop Corp. (NYSE:GME) is one of the most popular meme stocks of 2024 on Reddit. The Texas-based company is a supplier of games and entertainment products. However, a surprising earnings announcement shows that GameStop Corp. (NYSE:GME)’s revenues continue to fall. First-quarter net sales were $0.882 billion, down from $1.237 billion in the same period last year. According to Reuters, the company has been losing money for several years due to its reliance on physical storefronts at a time when people buy video games and collectibles online, and the most recent quarter was no exception.

In Q1 FY 2024, 8 hedge funds reported holding shares in GameStop Corp. (NYSE:GME), down from 12 funds the previous quarter. The company’s largest shareholder, Andrew Sandler’s Sandler Capital Management, owned 3,452,000 shares, valued at more than $43.22 million in Q1.