The 7 Best Reddit Stocks to Buy for June 2022

The article covers the best Reddit stocks making waves on the popular social bookmarking site.

Apple ( AAPL ): Cash-flow generating machine with an unmatched products and services portfolio

Disney ( DIS ): Streaming performance has been a revelation, with its theme parks business set to return with a bang

AMC Entertainment ( AMC ): Strong film slate seems to be turning the tide for the theatre operator

Microsoft ( MSFT ): Firing on all cylinders across all business segments, with the cloud taking the cake

SPDR S&P 500 ETF Trust ( SPY ): Long-term case remains intact for the S&P500, which has stood the test of time

Nvidia ( NVDA ): Growth juggernaut riding multiple technological trends

Vinco Ventures ( BBIG ): Speculative tech play making some interesting moves of late

Source: ilikeyellow / Shutterstock.com Reddit unexpectedly became one of the most talked-about platforms in the investing world. Its forum, called WallStreetBets , was at the center of the retail trading frenzy which took the stock market by storm early last year. Though its impact has cooled off considerably, the power of social media cannot be denied.

Reddit is a social media platform that allows users to comment and share links on multiple topics of interest. Investors can rally around a community to induce a short squeeze, and more importantly for investors.

Regardless of what one might think about the meme stock mania, it’s a phenomenon here to stay. Here’s a list of the top Reddit stocks making the rounds of late. Best Reddit Stocks: Apple ( AAPL )

Apple (NASDAQ: AAPL ) has been an investor darling, generating over a 600% total return in the past decade. The tech giant operates a resilient business that has stood the test of time.

Its sales have increased by a tremendous 12.9% compound annual growth rate, led by its flagship iPhone. The smartphone is in its 13th generation and is in the pockets of close to 1 billion people globally.

Over the years, it has diversified its income stream by aggressively expanding its services business. It includes a suite of services that have grown immensely in popularity. Apple services boast over 800 million paid subscribers, with 165 million new subscribers in 2021 alone .

Revenues from the segment constitute roughly 20% of the company’s total sales. Moreover, the company’s incredible cash flow generation is second to none, having produced $105.8 billion in free cash flows in the past year. Its robust cash positioning allows it to consistently rewards its shareholders through buybacks and dividend. Disney ( DIS )

Disney (NYSE: DIS ) has earned the right to be called the uncontested ruler of content. It dominates the theme-park business and the box office, effectively making it a juggernaut in the entertainment space.

While its theme park business is recovering from the pandemic’s effects, its box office results have come to the rescue while streaming is now rocking the ship. Since its launch, Disney+ has been a smash-hit and now boasts 137.7 million subscribers at the end of the second quarter.

This represents a colossal increase of 32.9% over 103.6 million subscribers it reported in the previous year. Its other streaming services, including ESPN+ and Hulu, have also been growing their subscriber base, albeit at a slower pace.

Moreover, with the pandemic restrictions lifted across the globe and travel demand picking up, its theme-park business will be back, making the big bucks. Best Reddit Stocks: AMC Entertainment ( AMC ) AMC Entertainment (NYSE: AMC ) took a hammering during the pandemic, with its movie theaters shut down due to the global pandemic.Consequently, it piled up tons of debt to stay afloat, which raised bankruptcy concerns at one time. However, AMC is looking in a significantly better position with the blow-out box office performances of recently released films.The first-quarter revenue growth came in at a spectacular 430% from the prior-year period to $785.7 million . Attendance rates are increasing at an encouraging pace each month, and a strong film slate ahead points to a promising future.Cash burn remains a problem, though, which will weigh down the company’s long-term profitability. Nevertheless, if it can continue to rack up quarters such as the first, it will be better positioned to pay down its colossal debt balance and progress towards expansion. Microsoft ( MSFT ) Shares of tech behemoth Microsoft (NASDAQ: MSFT ) have dipped considerably as part of the broad-based sell-off in the tech industry.MSFT stock’s performance has had little impact on the underlying business, which continues firing on all cylinders. Its […]

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