Retail Investors Are Buying These 10 Stocks As Bull Market Kicks Off
Retail investors are returning to the stock market as a new bull market begins and sentiment improves.
"With an average flow into US markets of $1.36 billion per day over the past week, retail traders are officially back in the mix," Vanda Research said.
These are the top 10 stocks that have seen the heaviest buying pressure from retail investors over the past week.
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Retail investors are finally returning to the stock market as a new bull run begins and as investor sentiment starts to improve, according to Vanda Research.
A combination of better-than-expected economic data, a resilient jobs market, and growing hype around the potential of artificial intelligence have been just a few factors that have driven stock prices higher over the past few weeks.
"With an average flow into US markets of $1.36 billion per day over the past week, retail traders are officially back in the mix after a three-month lull," Vanda Research said in a recent note.
The research firm tracked the top stocks that have seen the most buying from retail investors over the past week, with names including mega-cap tech firms, companies exposed to the AI gold rush, and a beaten down telecom company.
These are the top 10 stocks purchased by retail investors over the past week, according to Vanda Research.
10. Palantir Technologies
Arnd Wiegmann/Reuters
Ticker: PLTR
Five-day Net Retail Purchases: $58.2 million
Year-to-date performance: 134.8%
9. C3.ai
SOPA Images / Getty Images
Ticker: AI
Five-day Net Retail Purchases: $61.8 million
Year-to-date performance: 226.9%
8. Meta Platforms
Getty Images
Ticker: META
Five-day Net Retail Purchases: $68.1 million
Year-to-date performance: 120.7%
7. Microsoft
Justin Sullivan/Getty Images
Ticker: MSFT
Five-day Net Retail Purchases: $70.2 million
Year-to-date performance: 36.7%
6. Verizon
A 'Now Hiring' sign is posted at a Verizon store on July 26, 2022 in Los Angeles, California. Mario Tama/Getty Images
Ticker: VZ
Five-day Net Retail Purchases: $87.1 million
Year-to-date performance: -10.2%
5. Amazon
Getty
Ticker: AMZN
Five-day Net Retail Purchases: $189.3 million
Year-to-date performance: 47.6%
4. Advanced Micro Devices
AMD CEO Lisa Su Steve Marcus/Reuters
Ticker: AMD
Five-day Net Retail Purchases: $203.5 million
Year-to-date performance: 92.7%
3. Nvidia
Jensen Huang, CEO of Nvidia, reacts to a video at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018. Rick Wilking/Reuters
Ticker: NVDA
Five-day Net Retail Purchases: $326.4 million
Year-to-date performance: 167.5%
2. Apple
(Photo by Fernando Gutierrez-Juarez/picture alliance via Getty Images)
Ticker: AAPL
Five-day Net Retail Purchases: $385.9 million
Year-to-date performance: 39.8%
1. Tesla
Tesla worker told Bloomberg that the company tracks their keystrokes. Michael Macor/The San Francisco Chronicle via Getty Images
Ticker: TSLA
Five-day Net Retail Purchases: $1.22 billion
Year-to-date performance: 99.3%
Source: Markets Insider
