Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Financial Advisors Laser Focused On These 5 Stocks

The US stock market registered a mixed performance last week helped by trade optimism, a wave of M&A deals, and positive economic data. The S&P 500 and the NASDAQ Composite inched up by 0.23% each, while the Dow Jones Industrial Average declined by 0.05%.

In a big step-up in trade negotiations, China reportedly agreed to raise penalties for intellectual property violations and to lower punishment thresholds for intellectual property theft. The move was seen as a positive sign that could both countries reach a phase one agreement.

However, closer to the end of the week investors were a bit cautious after president Trump signed the bill supporting Hong Kong protesters into law. It remains to see whether this will affect the negotiations and derail reaching an agreement.

In addition, the beginning of the week saw three major deals. Charles Schwab Corporation (NYSE: SCHW) announced that it would buy TD Ameritrade Holding Corp. (NASDAQ: AMTD) for $26 billion. eBay Inc (NASDAQ: EBAY) agreed to sell online ticket exchange platform StubHub to viagogo for $4.05 billion in cash. LVMH Moet Hennessy Louis Vuitton SE (OTC: LVMHF) entered into an agreement to buy American luxury jewellery and retailer Tiffany & Co. (NYSE: TIF) for $16.20 billion.

Investors were also pleased to see new home sales to reach 733,000 in October, higher than the expected 707,000 figure. Overall, the new home sales were 0.7% lower compared to September but also grew by an impressive 31.6% compared to October 2018. Similarly, the sentiment was lifted by an upward revision of the Q3 GDP. The Bureau of Economic Analysis now says the US economy grew by 2.1% in the third quarter, compared to the expected and the previous estimate of 1.9%.

Amazon.com (NASDAQ:AMZN), The Washington Post (NYSE:WPO), Berkshire Hathaway Inc. (NYSE:BRK.A), Apple Inc. (NASDAQ:AAPL)

In the meantime, Financial Advisors were focusing on a handful of stocks last week, according to data compiled by TrackStar, InvestingChannel’s official newsletter capturing and analyzing the trends of Financial Advisors. Amid the start of the holiday shopping season, the most searched ticker among financial advisors last week was Amazon.com, Inc. (NASDAQ: AMZN). It was followed by Apple Inc. (NASDAQ: AAPL), which got in the spotlight amid strong demand for the new AirPods Pro. The company has reportedly doubled the production of the new AirPods to deal with orders.

Another stock that made the list of the five most-searched tickers is Alibaba Group Holding Ltd – ADR (NYSE: BABA). The Chinese tech behemoth started traded on the Hong Kong stock exchange last Monday, enjoying a very successful first day of trading marked by a 6.6% growth. The debut was the largest public offering of the year and the largest share sale in Hong Kong in nine years. The listing was also viewed as a show of confidence in Hong Kong that has been marked by months of protests, political unrest and violence that affected the city’s growth.

The fourth and fifth most searched tickers among Financial Advisors last week were Tesla Inc. (NASDAQ: TSLA) and Eversource Energy (NYSE: ES) a Fortune 500 utilities company operating in Connecticut, Massachusetts, and New Hampshire.

Tesla Inc. (NASDAQ: TSLA) has not been only in the spotlight of Financial Advisors lately. It has been widely discussed for the past several weeks after the company unveiled the much-awaited electric pick-up truck. The vehicle, called Cybertruck, will start at $39,900, which is lower than Rivian R1T’s starting price of $69,000. Another competitor is Ford’s upcoming electric F-150, although its price is still unknown.

The truck’s futuristic design received mixed reviews at start, but managed to capture a lot of attention. Tesla’s CEO Elon Musk said on Twitter that pre-orders for the Cybetruck topped 250,000 in just five days after the presentation.

Beyond the design and driving capabilities, Tesla’s latest vehicle can be very promising for the company, with many on Wall Street expecting that it can boost the company’s profit margins. Tesla’s stock has been on a rollercoaster ride so far this year. After tumbling by over 40% in the first five months of the year, it recovered by more than 80% in the following six months and is currently nearly 8% in the green year-to-date.

Disclosure: None. This article is first published on Insider Monkey.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.