Could These 3 Meme Stocks Work As a Hedge Strategy?

It’s easy to dismiss so-called “meme stocks” as trendy trades whose only underlying value is investor sentiment. As soon as they stop being a Reddit flavor of the week, they’ll crash, right?

Well, Wall Street Memes has identified three meme stocks that we think have something else going for them. In fact, we think they might serve as hedges against some of the macroeconomic fears we’re dealing with right now — COVID variants, inflation, job shortages, and supply-chain disruptions.

That’s because they all have something known as negative beta.