Best WallStreetBets Stocks to Buy February Week 2 Roundup

Every week we bring some of the best fundamentally strong stocks that are popular on the Reddit group WallStreetBets. Here are the five popular WallStreetBets stocks that you can buy in the second week of February.

1. Nvidia (NYSE: NVDA)

Nvidia is currently among the most popular stocks on WallStreetBets. The stock has been in the news after the company abandoned the acquisition of Arm Holdings from SoftBank. The deal’s future was always uncertain given the opposition from regulators in the UK. Nvidia also releases its earnings next week and we might get more details on the now-abandoned Arm deal.

NVDA is among the top trending stock on WallStreetBets

AMD is the top trending stock on WallStreetBets followed by Nvidia. Last week, UBS reiterated its bullish rating on NVDA ahead of the earnings. In its note, UBS said, “Despite ongoing supply constraints, we expect strong results with revenue guided ~$7.4B or maybe slightly higher as gaming should remain better-than-seasonal due to ongoing channel fill and data center continues to grow >60% YoY before comps there start to become more challenging later this year.”

NVDA stock has fallen sharply amid the sell-off in growth names. However, the stock’s valuations now look quite reasonable. Nvidia has created significant wealth for investors over the last decade and many WallStreetBets members believe that it could continue to be a multibagger stock in coming years as well.

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2. Meta Platforms (NYSE: FB)

Meta Platforms stock plunged after it released its fourth-quarter earnings. Its revenues increased 20% YoY to $33.67 billion in the quarter which was slightly ahead of the $33.4 billion that analysts were expecting. However, its EPS came in at $3.67 in the quarter which was below the $3.84 that analysts were expecting.

While its average revenue per user of $11.57 was higher than the $11.38 that analysts were expecting, its daily active user count of 1.93 billion was lower than the 1.95 billion that analysts were expecting. Also, it reported MAUs (monthly active users) of 2.91 billion, below the 2.95 billion that analysts were expecting. The company’s MAUs fell on a sequential basis in the quarter, a first in its history as a publicly-traded company.

WallStreetBets likes FB stock despite headwinds

Meta Platforms said that it expects to post revenues between $27-$29 billion in the first quarter which would mean a YoY growth between 3-11%. The company’s guidance fell short of the $30.1 billion that analysts were expecting. It said that its revenues in the quarter would be negatively impacted by both impressions and price growth.

The company expects Apple’s iPhone privacy rules to lower its this year’s revenues by as much as $10 billion. However, despite these headwinds, WallStreetBets members are optimistic about the company.

Meta Platforms’ valuations look quite reasonable and it is among the best FAANG stock to buy at these prices. Most Wall Street analysts also share WallStreetBets’ optimism about Meta Platforms.

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3. Disney (NYSE: DIS)

Disney stock has been trending on WallStreetBets after the company’s fiscal first-quarter 2022 earnings. The earnings, which were released last week, showed that Disney’s topline, as well as bottomline, increased more than expected in the quarter. Importantly, it added almost 12 million Disney+ subscribers in the quarter which was way ahead of estimates.

Both Wall Street and WallStreetBets liked Disney’s earnings

Most Wall Street analysts issued bullish notes on Disney stock after the earnings. WallStreetBets members also share the optimism and most of them are bullish on the stock. Goldman Sachs maintained its buy rating and assigned a $205 target price on Disney post the earnings release.

“The material beats to Parks revenue and operating income supports our outlook for structurally improved economics post-pandemic. This is because DIS’s record results in this segment were achieved despite capacity constraints in the US and continued COVID-related pressures in International,” said Goldman Sachs in its note. It added, “We have increased our near- and longer-term forecasts for Parks revenue and OI, as we expect that DIS will sustain per caps above pre-Covid levels driving higher post-pandemic margins.”

While Disney’s Parks segment benefited from increased attendance, the streaming business also continued its growth trajectory. The streaming business has done quite well since the launch in 2019 and barring an odd quarter, the numbers have looked impressive.

Disney looks among the best stocks to buy for 2022 and for a change Wall Street analysts and WallStreetBets members have similar views on a stock.

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4. Apple (NYSE: AAPL)

Apple is another long-time favorite WallStreetBets stock. The company released its fiscal first-quarter earnings last month which were way ahead of estimates. It posted record revenues in the quarter and posted all-time high revenues in all the geographies. Barring iPads, all other business verticals reported a yearly rise in revenues.

Apple hasn’t provided quantitative forward guidance since the COVID-19 pandemic began. Commenting on the outlook for the fiscal second quarter of 2022, Apple said, “We expect to achieve solid year-over-year revenue growth and set a March quarter revenue record despite significant supply constraints, which we estimate to be less than what we experienced during the December quarter.”

WallStreetBets was impressed with Apple’s earnings

It however expects the sales growth to come down from the fiscal first quarter. WallStreetBets members were impressed with Apple’s earnings. Notably, Apple is the rare stock where WallStreetBets, Wall Street, and Warren Buffett have similar opinions.

Apple can be a core part of your portfolio as well looking at several growth drivers. Apple is expected to launch AR/VR headsets soon and is also working on the metaverse. By the middle of this decade, the company is also expected to launch an electric car.

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5. iPath Pure Beta Crude Oil ETN (NYSE: OIL)

Mostly, WallStreetBets members discuss individual stocks but at times the group also discusses ETFs. Currently, four ETFs, namely GLD, OIL, QQQ, and CORN are quite popular among WallStreetBets members.

WallStreetBets like OIL amid the Russia-Ukraine crisis

Energy prices have spiked amid the Russia-Ukraine crisis and are expected to rise even further. One way to play rising energy prices is to trade in OIL ETF. ETF investing has become very popular and total ETF assets are now above $7 trillion.

ETFs can be a good investing strategy especially for investors who lack the time or analytical skills to pick individual stocks. Their low expense ratio makes them an attractive investment option.

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