WallStreetBets Stock Tips October Week 5 Roundup

Every week we bring to you some of the fundamentally strong and reasonably valued stocks that are popular on Reddit group WallStreetBets. Here are the five best WallStreetBets stocks that you can buy in the fifth week of October.

1. WeWork (NYSE: WE)

After the failed IPO of 2019, WeWork has gone public in 2021 through a SPAC reverse merger. While the stock spiked after the merger was completed, it has since pared gains and trades near the SPAC IPO price of $10. WeWork remains a pale shadow of its past and its valuations are a fraction of what it was seeking in 2019. While WeWork might not reach its previous valuation in a hurry, the stock does look like a good short-term buy at current prices.

WallStreetBets likes WE stock amid the reopening

WallStreetBets members sound bullish on WE stock amid the reopening. While some companies might opt for a permanent work-for-home for employees, many others would look for shared workspaces that WeWork offers. Overall, at a market cap of around $8.5 billion, WE look reasonably priced. If you are looking at a WallStreetBets stock that can deliver good returns in the short term, WE should be on your watchlist.

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2. Teladoc (NYSE: TDOC)

Teladoc stock is among the popular names on WallStreetBets after it released its third-quarter earnings. While the stock looked weak in post-markets after the earnings release, it eventually gained over 7% in regular trading yesterday. TDOC reported revenues of $522 million in the quarter which were 81% higher than the corresponding period last year. However, its net losses widened to $84.3 million in the quarter as compared to $35.9 in the third quarter of 2020.

Cathie Wood and WallStreetBets both love TDOC stock

Cathie Wood, who has a flair for disruptors, is among those who are bullish on Teladoc Health stock. Earlier this month, Wells Fargo initiated coverage on TDOC stock with an overweight rating and a target price of $156. “While this ‘slowdown’ may be giving investors pause, we think the pace of member growth over the past few years was clearly not going to be sustainable. That said, we believe that TDOC still has significant opportunity (~65M) to expand membership with existing health plan relationships,” said Analysts Stephen Baxter and Stan Berenshteyn in their note.

TDOC stock has come off its 2021 highs and looks a decent buy at these prices. If you’re looking at a healthcare stock that is also popular on WallStreetBets, TDOC would fit the bill.

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3. Lucid Motors (NYSE: LCID)

WallStreetBets members have a flair for EV stocks and currently, Tesla and Lucid Motors are among the popular names on the group. Lucid Motors has announced that it would begin deliveries of its Air sedan tomorrow which sent the stock soaring.

The long-term forecast for LCID stock looks positive looking at the pivot towards electric cars. The company has positioned itself as a “post luxury” automaker and forecasts that the global luxury car market would rise at a CAGR of 5% between 2018 and 2026 and reach $733 billion. By 2030, the company expects to produce over 500,000 cars and capture 4% market of the estimated 15 million expected global unit sales that year.

WallStreetBets members like EV stocks

WallStreetBets members are bullish on LCID stock as the company begins its deliveries as planned. While some of the other EV companies have faltered on the execution, Lucid Motors looks on track to execute its business plans.

While LCID stock might appear overvalued at current levels, it’s a good long-term stock considering the pivot towards electric cars.

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4. Ford (NYSE: F)

Ford stock rose 8% yesterday and hit a new 52-week high. The stock has almost doubled this year and should deliver more returns in the medium term. WallStreetBets members are also bullish on the stock after its earnings release.

WallStreetBets is bullish on Ford after the earnings

Ford reported automotive revenues of $33.21 billion in the quarter which were ahead of the $32.54 that analysts were expecting. The company’s adjusted EPS was 51 cents in the quarter which was almost twice of the 27 cents that analysts were expecting. Ford also raised its guidance and now expects to post adjusted earnings between $10.5-$11.5 billion in the full year 2021. Previously the company had given a guidance of $9-$10 billion. It also maintained a free cash flow guidance of $4-$5 billion for 2021.

Ford also announced that it would initiate the dividend in the fourth quarter. The company has suspended the dividend last year amid the COVID-19 pandemic.

JPMorgan is bullish on F stock

After Ford’s earnings release, JPMorgan reiterated its overweight rating on Ford and said that it expects more gains from the stock. “We expect a positive reaction Thursday to Ford’s better than expected 3Q earnings which featured stronger than expected revenue, margin, EBIT, EPS, and FCF on the back of a differentiated improvement in semiconductor chip availability which allowed Ford production (wholesale units) to rise +68% sequentially vs. industry global light vehicle production which declined -12% sequentially,” it said in its note.

If you are looking at a WallStreetBets stock that is equally loved by Wall Street analysts, Ford should definitely be on your watchlist.

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5. Facebook (NYSE: FB)

Despite the concerns over the whistleblower controversy, FB remains a popular WallStreetBets stock. The stock has come off its highs and seems to provide a good entry point. The company is now looking beyond social media to fuel its growth and has changed the company name to Meta.

Beginning December, the stock’s ticker would change to “MVRS.” “Today we are seen as a social media company, but in our DNA we are a company that builds technology to connect people, and the metaverse is the next frontier just like social networking was when we got started,” said Mark Zuckerberg on the name change.

WallStreetBets likes Facebook stock

Despite the perennial controversies facing Facebook, WallStreetBets members seem to like the stock. Notably, FB is the cheapest FAANG stock. While the valuations of FAANGs like Apple and Alphabet have expanded, Facebook’s valuation multiple is at a discount to its last five-year average multiples.

FB looks like a good WallStreetBets stock to buy at these prices and bet on the continued growth in the social media business as well as the pivot towards new businesses.

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