Most Searched Stocks Among Financial Advisors Show Tech and Consumer Sectors in Spotlight

As we stated earlier, the consumer goods sector gained a lot of popularity among financial advisors and the sector stock that leads the list is Wal-Mart Stores, Inc. (NYSE:WMT). During the last week, Wal-Mart’s stock gained 3.65% and is 1% in green year-to-date. The first two trading weeks of 2016 also brought reports from retailers about their holiday sales figures. And while Amazon.com, Inc. (NASDAQ:AMZN) posted a record number of orders, Macy’s, Inc. (NYSE:M) announced a decline in sales during November in December, blaming warm weather and strong dollar among the reasons for the slump. J C Penney Company Inc (NYSE:JCP) also reported strong sales growth for the two months, and while Wal-Mart Stores, Inc. (NYSE:WMT) did not release its holiday sales figures, the stock’s 30% drop in 2015, helped it maintain an upward trajectory since the beginning of 2015, despite the lack of any major news involving the company.

Among the funds we track, many are fond of Wal-Mart Stores, Inc. (NYSE:WMT) due to its size, strong dividend yield and significant buyback program, worth around $20 billion. In this way, 61 funds from our database held 3.40% of the company’s outstanding stock at the end of September, down from 65 funds a quarter earlier. Warren Buffett‘s Berkshire Hathaway trimmed its stake in Wal-Mart by 7% between July and September, and owns some 56.19 million shares, according to its latest 13F filing.