Below you can see the list of top 5 stocks that Americans searched the most in 2020. For a more comprehensive list please see the 10 stocks Americans searched the most in 2020.
5. Walt Disney Company (DIS)
The House of Mouse has had a bumpy year since the March selloff, but it has since rallied to about where it was trading before the plunge. Disney received 1.2 million searches per month for its stock. One of the big reasons some have invested or are thinking about investing in Walt Disney this year is due to the launch of its streaming service, Disney+.
Disney has had its share of challenges this year because of the pandemic, which forced the closure of its theme parks around the world. The tourism industry as a whole is in dire straits. The good news for Disney is that there’s more to it than just theme parks, but still, the theme parks are a significant portion of its revenue.
4. Boeing (BA)
It’s interesting to think that Americans would be interested in buying Boeing, but it is on the list of the top 10 stocks with an average of 2.014 million searches per month. Boeing may actually be the subject of searches because of all the problems it has had this year due to the pandemic.
The company has also struggled with problems in its 737 Max airplane, which has remained grounded due to an investigation. The good news for Boeing is that regulators are pushing toward clearing the 737 Max for takeoff once again after the problems with it have been fixed.
However, the pandemic-related troubles won’t be over for some time. Because air travel has plunged, many airlines have canceled their airplane orders, resulting in mass layoffs at Boeing. The company’s stock plunged in the March market rout and has yet to recover.
Pixabay/Public Domain
3. Amazon (AMZN)
The other FANG stock on this list of the top 10 stocks Americans want to invest in is Amazon with an average of 2.274 million searches for its stock per month. Like most other tech stocks, Amazon has soared this year, climbing from less than $2,000 at the beginning of the year to over $3,000.
The steep increase in price may give many investors pause, although many analysts don’t think Amazon is overvalued yet. The company has been a big beneficiary of the pandemic as people preferred to stay home and shop online instead of going out to stores. Some investors have started to rotate out of pandemic beneficiaries like Amazon and into stocks that have been losers in the pandemic in anticipation of recovery, especially following the news of Pfizer’s and Moderna’s COVID-19 vaccines.
2. Apple (AAPL)
Apple stock receives an average of 2.584 million searches for its stock every month. The number of searches has likely increased since the company revealed the iPhone 12 lineup. However, some analysts say the demand from the new iPhone models is already priced into Apple stock.
Apple may be done with catalysts for its stock this year, and it could be carried around by market forces during the last month. The company’s stock soared 80% through the first eight months of the year, although it has climbed a lot less since then. For now, Apple stock may hit the pause button until the next big round of catalysts arrives.
1. Tesla (TSLA)
Number one on the list of the top 10 stocks Americans want to buy is Tesla with an average of 5.154 million searches for its stock per month. That amounts to 171,800 searches every day for Tesla stock. The shares have been on a tremendous run this year, especially since S&P announced plans to add them to the S&P 500 in late December.
Tesla stock has climbed nearly 40% since the announcement was made, putting the company’s market capitalization at more than $500 billion. Adding Tesla to the index will be tricky because of its massive size.
Please also see 30 Most Popular Stocks Among Hedge Funds and 10 Best Cheap Stocks To Buy According To Ray Dalio
