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Yahoo! Inc. (YHOO) And Apple Inc. (AAPL) Were Slam Dunk Candidates For Retail Investors: Joe Kinaha

Retail investors have shown both enthusiasm and skill as they traded Yahoo! Inc. (NASDAQ:YHOO) and Apple Inc. (NASDAQ:AAPL) in the last trading month. Joe Kinaha, Chief Strategist at TD Ameritade, an online broker based in Omaha, revealed on an interview with TheStreet that his company’s  Investor Movement Index (IMX) showed increased levels of activity for September and the two aforementioned companies were the ones behind it.

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The two hottest stocks, according to Kinaha were none other than Yahoo! Inc. (NASDAQ:YHOO) and Apple Inc. (NASDAQ:AAPL) which have been the focus of business headlines lately.

“[…] Apple Inc. (NASDAQ:AAPL), there was a lot of news in there too, remember, Apple had the iPhone 6, obviously the Alibaba IPO, people were playing Yahoo! Inc. (NASDAQ:YHOO)  going up to it, as a synthetic way to play Alibaba before it came out […],” said Kinaha.

Kinaha revealed that the previous image of retail investors as being dumb no longer holds true. He said that it was not only the hype surrounding  Yahoo! Inc. (NASDAQ:YHOO) And Apple Inc. (NASDAQ:AAPL) that beefed up their trading volumes. The retail investors of today are a financially suave specie, since most of the activity took place when the stock price of these companies dipped. They knew the companies that they wanted to invest in, but instead of rushing in the trade to buy Yahoo! Inc. (NASDAQ:YHOO), they waited for the stock to dip. Same goes for Apple Inc. (NASDAQ:AAPL)’s investors as well.

As of late, both stocks have provided quite a few of these opportunities. While Apple Inc. (NASDAQ:AAPL), at the beginning of  the launch of its new products, made it hard for investors to look at another company, the whole affair ended in negative publicity owing to some of the shortfalls of its products.

Yahoo! Inc. (NASDAQ:YHOO) too had a similar fate. The company which was earlier basking in the limelight of Alibaba’s IPO, later suffered from what is normally called a case of ‘fleeing investors’. Investors were much more enthralled by Jack Ma, CEO of Alibaba than Marissa Mayer, Yahoo! Inc. (NASDAQ:YHOO)’s CEO.

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