Since early May, the social stocks have had a big-time run. Consider that the Global X Social Media Index ETF (SOCL) is up about 15% in that period. That gain came after a grueling bear move in the sector, and outpaces the S&P 500 by about 10 percentage points.
But is this just a relief rally or are there legitimate opportunities for investors? Well, when it comes to social stocks, volatility seems to be the norm. Just yesterday there was yet another sudden drop. And while the moves can certainly be wrenching, the returns can potentially be lucrative as well.
So what’s an investor to do? Well, let’s take a look at three well-known social stocks and dive into the fundamentals to see if there’s anything worth buying: