We recently prepared a report on the 15 Best Websites To Research Stocks. Bloomberg is one of them.
When it comes to building a strong portfolio, retail investors conduct a great deal of research to learn about the macroeconomic climate, read up on the most recent stock market trends, become familiar with investing strategies, and observe the most notable actions of smart investors and elite hedge funds. A sizable portion of the investing community consists of retail investors, and they have access to a wealth of online information that can assist them in navigating the volatile stock market. According to Gallup’s survey, 162 million Americans, or 62% of adults in the United States, own shares in public companies. That is a 1% rise over 2023 and the highest percentage observed by Gallup since 2008. During the Great Recession, stock ownership declined and remained low for more than a decade, reaching lows of 52% in 2013 and 2016. Before 2008, the majority of Gallup surveys revealed that at least 60% of American adults owned stocks.
Today, the stock market is very different from what existed at the time of the millennium. The internet has democratized information, resulting in increased stock market involvement, which has been accelerated during the pandemic. Wall Street welcomed retail investors for the first time as a result of the pandemic, even though the global outbreak is primarily remembered for the deadly virus and lockdowns. In a poll, 15% of American stock market participants stated they started investing in 2020. The study additionally shows that these new investors tended to be more optimistic about their prospects for success in the stock market. A study revealed that 19.5% of all stock market shares exchanged in the first half of 2020 were made by individual investors. That is about twice as many trades by ordinary investors as there were in 2010, and it represents an increase of 4.5% over 2019. This occurred during the meme stock mania in 2021, which saw prominent businesses skyrocketing on the stock market as retail investors banded together on social media and purchased the shares in bulk.
Notwithstanding the attraction of potential profits, new research from eToro indicates that many retail investors in the United States appear to be more afraid of losing money than they are of missing out on the next great opportunity. Rethinking Risk, research by eToro, finds that while 31% of US retail investors are driven by the fear of missing out on the next great thing, 61% of investors indicate that their investment strategy is shaped by the fear of losing money through immoderate risk. Their behaviors, however, reveal a different tale, as many retail investors continue to invest in risky assets, with 70% holding single stocks and 41% holding crypto assets in their portfolios. Additionally, this research shows that 62% of people who began investing in the markets now feel better about it.
A financial analyst looking through a microscope at stocks to determine their market value.
Methodology:
For our list of the best websites to research stocks, we ranked them on the basis of consensus of several sources and reddit threads on the same topics. A website received one point everytime it appeared on a source, and we only selected websites that appeared at least thrice in our research. Furthermore, we also considered quantifiable factors in these websites that create substantial value for their audience and scored them additional points for that.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here)
Bloomberg
Bloomberg is a privately owned company that operates in the mass media, fintech, and technology sectors and is headquartered in New York. The firm provides tools specialized in electronic trading, hedge funds, portfolio management, private equity, research and analysis, and sales, in addition to financial applications and software for data analytics and equities trading to several organizations. Bloomberg.com also features live stock market broadcasting. Bloomberg stories are highly regarded and frequently mentioned by other publications owing to their trustworthiness as sources.
A recent story from Bloomberg dated June 13 states, “Broadcom Inc. (NASDAQ:AVGO) Shares Surge After AI Computing Demand Fuels Growth.” The CEO reports that AI products contributed a record $3.1 billion to revenues, and the chipmaker also plans a 10-for-1 stock split. With strong demand for artificial intelligence products driving its latest earnings and annual projections, Broadcom Inc., a semiconductor supplier to Apple Inc. and other major tech companies, surged in late trade. In a statement recently released, the business stated that its second-quarter earnings, excluding a few items, were $10.96 per share. In contrast, the average projection was $10.80. Revenue exceeded expectations, ending at $12.5 billion as opposed to the estimated $12.1 billion. The corporation anticipated sales of around $51 billion for the whole fiscal year, which ends in October. Broadcom had originally stated the amount would be closer to $50 billion, while analysts had predicted it would be near to $50.6 billion.
According to Insider Monkey’s Q1 data, 115 hedge funds were long on Broadcom Inc. (NASDAQ:AVGO), compared to 91 funds in the prior quarter with a total value of $14.73 billion.
Carillon Eagle Growth & Income Fund stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its first quarter 2024 investor letter:
Broadcom Inc. continues to trade higher as a beneficiary of generative artificial intelligence (AI). Management recently highlighted that AI-related silicon now comprises a significant percentage of all semiconductor solution sales. The company also is focused on integrating its acquisition of VMware.
Bloomberg ranks 9th on our list, but if you want to check out what other websites are and where they rank, visit the 15 Best Websites To Research Stocks. If you are looking for an AI stock that is more promising than AVGO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. 15 Best Websites To Research Stocks is originally published on Insider Monkey.
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