Highlights From Most Popular Stocks Among Financial Advisors

Next in line is ConocoPhillips (NYSE:COP), which ranked as the 17th most-searched stock. Last week, the company announced its Operating Plan and Capital Budget for the next year. The company plans to spend $7.7 billion next year, down by 55% compared to 2014 and 25% lower than the expected spending this year. The reductions come on the back of lower spending on major projects and efficiency improvements, the company said in a statement. Moreover, ConocoPhillips (NYSE:COP) expects to gain around $2.3 billion from non-core asset disposal and a production growth in the range of 1% to 3%. According to our data, a total of 44 funds held shares of ConocoPhillips (NYSE:COP) at the end of September, versus 43 a quarter earlier. However, the aggregate value of these funds’ holdings slumped to $1.23 billion from $1.50 billion and amassed 2.10% of the company’s outstanding stock.

General Motors Company (NYSE:GM)‘s stock jumped to the 18th spot from 65th in the ranking of the most searched stock. The company said last week that it would kick off the production its new Buick SUV. The new car will be produced in China, which draw some mild criticism towards the company. In other news, GM agreed to pay around $594 million to settle claims related to its faulty ignition switches. During the third quarter, General Motors took a hit from smart money investors, with the number of funds bullish on the stock dropping to 88 from 104. Nevertheless, the funds from our database amassed 10.80% of General Motors Company (NYSE:GM)’s outstanding stock at the end of September. On the other hand, Warren Buffett‘s Berkshire Hathaway increased its stake in General Motors Company (NYSE:GM) by 22% on the quarter to 50 million shares. David Einhorn’s Greenlight Capital also raised its exposure to the stock by 12% to 16.30 million shares.

Below you can see the full list of 20 most searched stocks among financial advisors last week.

Disclosure: none