The stock market is a playground for traders. Investors invest millions of dollars every day worldwide. Some investors exit the market as winners, and some end up with losses. Irrespective of this, investors continue to invest. Amongst all the publicly traded stocks, there are always a bunch of trending stocks that attract maximum investor attention.

So, let’s explore some of the top trending stocks today and their investment worthiness.

Alphabet: The Top Trending Stock

Alphabet A (NASDAQ:GOOG) is one of the top trending stocks on the market at the moment. Its current trading price is $2,466 per share. In my opinion, the stock is neither undervalued nor overvalued at this price.  In fact, it reflects the current performance and the expected future growth of the company. However, there are expectations of a stock split in the current year. Historically speaking, the last stock split of Alphabet (in 2012) was followed by a lawsuit by shareholders. Whereas, with investors being more informed and educated, a positive response is expected from the shareholders. Alphabet’s positive future prospects make it investment-worthy in my eyes, and so it is on my watch list.

Facebook: The Social Media Titan

Facebook (NASDAQ:FB) is a household name today. With more than 2.85 billion users, Facebook is a giant in the social media industry and one of the top trending stocks right now. 

Facebook is currently facing a long antitrust battle and regulatory threats. Federal Trade Commission and a group of state attorneys have filed antitrust cases against the social media giant. But despite this, the company has shown some impressive agility with its well-timed e-commerce push and the launch of Facebook Shops.

As a result, the company stock is performing well and holding its grounds firm. As an investor, I will dig deep and do my research before investing.

AMC Entertainment: Entertainment attracts investment

AMC Entertainment (NYSE:AMC) has attracted everyone’s attention with the remarkable surge in its stock price. The stock price of this movie theatre chain is up by 2500% year-to-date. However, not only investors but the SEC also have been closely monitoring the frenetic movement of the company.

Nonetheless, the amount of volatility this stock has displayed has surprisingly increased investor’s attention and is attracting more investment. Being on the SEC radar, this stock, no doubt, has an unpredictable future. But, recent performance and rumours of the stock price hitting $100 per share spikes my attention as an investor. 

Pinduoduo: The new leader in e-commerce

Pinduoduo (NASDAQ:PDD) is a Chinese e-commerce company focused on interactive and digital social shopping experiences for customers. The group gained popularity and became one of the top trending stock when it surpassed Alibaba, the online retail giant in China. Pinduoduo is now China’s largest e-commerce platform in terms of active buyers. Pinduoduo’s unique approach towards online retail has made it a huge success.

From a start-up company launched in 2015, the e-commerce platform is now a billion-dollar company with a market capitalisation of $157 Billion. After reaching a record high of $202.81 per share, the stock has since come back down and is now trading at around $121. Moreover, the Q1 earnings of the company reported a revenue increase of over 200% from last year. The company’s model has made Pinduoduo a massive success in a relatively short space of time. On the other hand, Alibaba and Amazon still dominate the e-commerce industry, and the competition remains fierce. From an investment perspective, I believe Pinduoduo’s stock can continue to climb even higher, assuming it can maintain this level of growth. Therefore, I am very tempted to buy shares within this trending stock for my own portfolio despite the risks.

Conclusion

The trending stocks discussed above gained popularity and earned investor attention in the past few weeks. These companies have made headlines for various reasons. I believe these could be worthy additions to my portfolio over the short term. This certainly is a risky strategy. But given the potential reward, it’s a risk I’m willing to take.

But these aren’t the only stocks I’m looking at right now. Here is: