Why Might Lockheed Martin Be The Next Meme Stock? Aliens!

Stocks such as GameStop Corp. (GME), AMC Entertainment Holdings Inc (AMC) and Rocket Companies Inc (RKT) sparked a lot of interest — and some controversy — this year. These companies' share prices rose more than 250% in one day, ultimately giving many retail investors life-changing profits.

What Happened: It started in January when several Reddit users on the subreddit known as WallStreetBets found out there was a 140% short interest in GameStop stock. In response to the massive short interest held by large hedge funds and institutions, WallStreetBets members pushed GameStop's share price significantly in the hopes of a short squeeze occurring.

WallStreetBets' plan was successful as GameStop's stock rose from $17.25 to more than $500, eventually leaving several large hedge funds with losses of over $2 billion. WallStreetBets proceeded to do this with more stocks with large short interests and several cryptocurrencies such as Dogecoin. 

These stocks pushed around on social media platforms to pump up the share price are called meme stocks and everyone is trying to find out which stock is next.

new post on WallStreetBets went viral due to its unique approach to investing. The post gave an in-depth analysis of the connection between UFO disclosure and U.S. defense stocks.

If you weren't already aware, the U.S. government plans to release a comprehensive report on UFOs by the end of June. Many speculate the report will confirm aliens are indeed real while others believe the report will contain little to no information about recent UFO encounters by military personnel.

What Does Reddit Say? One of the main claims on the Reddit post was Lockheed Martin Corporation (LMT) stock is heavily correlated to the release of UFO disclosure. Whether you think the UFOs encountered by U.S. Navy pilots were developed by aliens, foreign rivals or the U.S. military, Reddit members believe Lockheed Martin will benefit from an inevitable increase in military spending.

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Barry Glassman 1 week ago Member's comment

Haha, I wish!