This Stock Is Seeing The Highest Interest On WallstreetBets Today
$Apple(AAPL.US$ has emerged as the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Wednesday.
What Happened: Exchange-traded fund $SPDR S&P 500 ETF(SPY.US$ is seeing the highest interest on the forum with 686 mentions as at press time, followed by tech giant Apple with 294 mentions, data from Quiver Quantitative showed.
Electric vehicle maker $Tesla(TSLA.US$ and biopharmaceutical company $Moderna(MRNA.US$ are in the third and fourth positions, having attracted 225 and 142 mentions, respectively.
Why It Matters: Apple’s shares closed higher on Tuesday even as tech other stocks fell amid a broader market selloff due to worries about the new Omicron COVID-19 variant.
The Tim Cook-led company is seen as a safe haven despite the market uncertainty after Federal Reserve chair Jerome Powell said that the central bank will be discussing a potential acceleration of its monthly asset purchase tapering.
Apple's iPad sales grew 33% in Western Europe in the third quarter of this year even as the market declined 20% year-over-year, according to a report by Apple Insider.
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