Investors seek out cheap stocks online
Google searches for investors looking to ‘buy stocks’ have sharply increased as investors try to find cheap opportunities to purchase equities.
According to data from learnbonds.com, interest in buying equities began in the last week of February. By the second week of March, interest had increased by 663%.
Between March 22 and 27th, the searches had increased by 466%.
In order of popularity, most searches originated in the United States, Singapore, Canada, United Arab Emirates and Australia.
Stocks worldwide had fallen sharply with particularly bad ones in Australia being Qantas, Flight Centre, Corporate Travel Management and Webjet while the ASX 200 had fallen 23% since the start of the year to 30 March.
“With the effects of coronavirus being felt all over, most stocks have seen their worst falls in history. The searches could mean that investors are aiming to take advantage of rock-bottom prices by buying certain stocks and seek to profit from it in the future,” the firm said.
“Notable stocks that might be beneficial to investors include healthcare, technology, and consumer goods as they have a great potential of bouncing back.”
AUTHOR
Laura Dew
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
