Every week, Benzinga conducts a survey to collect sentiment about what traders are most excited about, interested in or thinking about when they are managing and building their personal portfolios.
This week, we asked the following question regarding how traders and investors plan to use their stimulus money:
Which stock sector will you buy with the stimulus check?
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Electric vehicles
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Finance
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Discretionary Consumer
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Health care
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Consumer goods
Of the respondents, 58.8% of traders and investors told us that they would buy shares in electric vehicles. Most cited investors Tesla Inc (NASDAQ: TSLA), Nio Inc – ADR (NYSE: NIO) and Li Auto Inc (NASDAQ: LI) as the actions at the top of your wish lists. (Of course, only a fraction of a Tesla share could be bought for $ 600 – the stock closed at $ 880.02 last week.)
See also: How to buy Tesla shares and how to buy Nio shares
In addition, 18.1% of investors are placing their stimulus checks on healthcare companies. The most wanted stocks in the health sector were the producers of vaccines against coronavirus Moderna Inc (NYSE: MRNA) and Pfizer Inc (NYSE: PFE).
Next came finance, which obtained 16.2% support from respondents. Traders and investors told us Bank of America Corp (NYSE: BAC) and Wells Fargo & Co (NYSE: WFC) are the main stocks that they will add to their portfolio with their checks for $ 600.
Respondents told us that they did not agree to place their $ 600 in consumer staples (3.8%) and discretionary (3.1%) companies. Walt Disney Co. (NYSE: DIS) was the most sought after company in the discretionary consumer group.
This survey was conducted by Benzinga in January 2021 and included responses from a diverse population of adults aged 18 and over.
Adherence to the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects the results of more than 500 adults.
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