Best WallStreetBets Stocks to Buy March Week 2 Roundup

US stock markets continued to remain volatile in the last week amid the escalation in the Russia-Ukraine war. The rise in oil prices is also raising fears of even higher inflation. Most of the WallStreetBets stocks also fell in the week as the sell-off in growth names continues.

While WallStreetBets is now not as potent as it was at its peak last year, some of the stocks on the group look attractive. What are the five best WallStreetBets stocks that you can buy now?

1. Apple (NYSE: AAPL)

Apple has regularly featured among the top names on WallStreetBets. It is among the top five trending names on the group after its first product event of the year. Apple announced the long-awaited budget iPhone SE at the event. The model is the successor to the 2020 model and features 5G connectivity along with the A15 processor.

It would be available in stores from 18 March and would have a price of $429, which is higher than the $399 for the previous model. Apple also teased a Mac Pro at this week’s event but more details about the product would be out later. The company is also expected to launch AR/VR headsets with some analysts expecting a launch as soon as this year.

WallStreetBets likes Apple after the launch of new products

Several WallStreetBets members are bullish on Apple stock after the product day. Notably, Berkshire Hathaway is the second-largest shareholder of Apple and its chairman Warren Buffett has praised Apple and its CEO, Tim Cook, several times.

In this year’s annual letter, Buffett said, “Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. … It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion.”

Praising Cook he added, that he “quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.”

Wall Street analysts also see the stock running higher despite the geopolitical turmoil. If you are looking to buy a WallStreetBets stock for the long term, Apple should definitely be on your radar.

68% of all retail investor accounts lose money when trading CFDs with this provider.

2. Amazon (NYSE: AMZN)

Fellow FAANG stock Amazon is also trending on WallStreetBets. The company announced a 20-for-1 stock split, following the footsteps of Alphabet which had also done so earlier this year. This is the first stock split for Amazon since 1999 and the fourth in its history. The company also announced a $10 billion share buyback program. WallStreetBets seems impressed with these measures. Notably, the stock went up on Thursday despite the weakness in the broader market.

WallStreetBets likes Amazon after the stock split

While stock splits don’t alter a company’s fundamentals, they help increase liquidity. A lot of retail investors like to invest in stocks with a lower absolute dollar value. Amazon was among the most highly-priced stocks and the split made sense.

Amazon is a play on multiple secular growth themes including e-commerce, cloud, streaming, and digital advertising. Like many pandemic winners, it has also seen a slowdown in growth. However, if you want to play the e-commerce and cloud market, AMZN is one name that should be on your radar. The stock now trades at an NTM (next-12 months) PE multiple of 59x which looks quite attractive.

68% of all retail investor accounts lose money when trading CFDs with this provider.

3. GameStop (NYSE: GME)

GameStop was once a WallStreetBets favorite and a flagbearer of meme stocks. The stock has tumbled and now trades near its 52-week lows. The company has a market cap of just around $7 billion. The stock is yet again trending on WallStreetBets. If you are willing to take the extra risk associated with meme names, GME is one stock that you can consider at these prices.

GME made WallStreetBets famous

WallStreetBets rose to fame with the epic short squeeze in GME stock. Hedge funds lost billions betting against the gaming retailer and Melvin Capital almost went bust. The stock had soared to astronomical heights but has since crashed. At these price levels, it might be worth the risk to consider GME now.

The company has been transforming under Ryan Cohen. It has been gradually closing physical shares while increasing the focus on online sales. GME has also been trying to increase its target market. While it has been quite frugal with providing details on the business transformation, the changes are in process and would pay off in the long term. If you are looking to buy a meme stock that WallStreetBets likes even now, GME would fit the bill.

68% of all retail investor accounts lose money when trading CFDs with this provider.

4. Alibaba (NYSE: BABA)

Chinese stocks have had a tough ride as they are being targeted by both the US and China. Alibaba stock sank to a new multi-year low last week after the US announced the first list of companies that face delisting in the country. While US regulators want Chinese companies listed in the US to share more information, China wants the opposite.

WallStreetBets finds BABA attractive

Several WallStreetBets members find Alibaba stock undervalued, a view shared by many including Charlie Munger. Ashwath Damodaran, who’s known as the “dean of valuation” said last year that he’s now ready to buy BABA stock. He said “At the prices at which it’s trading, I think not withstanding all the worries about corporate governance and the Chinese government, I think it’s well-positioned to be a long-term investment. He called BABA a solid company and said that he likes the stock as a long-term investment.

Daniel O’Keefe, a managing director and portfolio manager at Artisan Partners, believes that BABA is possibly the cheapest non-Russian company in the world.

He said, “Alibaba trades for a single-digit multiple of free cash flow and three or four times EBIT [earnings before interest and taxes]. So, you know, it’s the largest e-commerce company in the world that is levered to digitization and the expansion of the increasing wealth of the consumer and middle class in China.”

If you are willing to take the risk of investing in a Chinese company, BABA is possibly the best WallStreetBets stock for you. The stock looks too cheap to ignore at these prices despite all the risks that it is facing.

68% of all retail investor accounts lose money when trading CFDs with this provider.

5. ARK Innovation ETF (NYSE: ARKK)

Several ETFs are currently popular on WallStreetBets, including Cathie Wood’s flagship ARK Innovation ETF. The ETF has borne the brunt of the sell-off in growth names and fell to its new 52-week low on Friday.

WallStreetBets likes ARKK after the crash

The fund is a bet on Cathie Wood’s style of growth investing. Many have been critical of Wood amid the recent underperformance of ARK funds. However, Wood has a flair for picking up winners early. The current underperformance of ARKK looks like a good buying opportunity.

If you are a growth investor, ARKK is one ETF that you should consider. Tesla is the top holding for the fund. ETFs can be a good investing strategy, especially for investors who lack the time or analytical skills to pick individual stocks. Especially under the current market environment, where we have heightened volatility, ETFs could turn out to be a better bet.

Buy ARKK ETF at eToro from just $50 Now!