Which stocks were most popular with TipRanks investors in July? Every month, we look at the most bought and sold stocks of over 454,000 investors with a TipRanks Smart Portfolio.
Most Bought Stocks
Most of the most bought stocks on July’s list are the same as June. One exception is Salesforce which entered in second place, up 69 places since the previous month. AMC slipped out of the list, down to 16th place.
Taking a closer look at Salesforce, it’s not just individual investors who are excited about the stock. CRM has a Strong Buy analyst rating consensus, and its average price target indicates almost 12% upside potential. The stock also has a maximum Smart Score of 10 based on our data-driven stock score, showing positive news and financial blogger indicators.
1 Apple (AAPL), no change
2 Salesforce (CRM), previously 71st place, replaced AMC Entertainment
3 Nio (NIO), no change
4 Nvidia (NVDA), previously 10th place, replaced Tesla
5 Tesla (TSLA), previously 4th place, replaced Microsoft
6 Microsoft (MSFT), previously 5th place, replaced Amazon
7 Amazon (AMZN), previously 6th place, replaced Palantir Technologies
8 Alibaba (BABA), previously 9th place, replaced Facebook
9 Facebook (FB), previously 8th place, replaced Alibaba
10 Palantir Technologies (PLTR), previously 7th place, replaced Nvidia
Most Sold Stocks
There are also similarities to June’s most sold stocks. Microsoft, Clover Health Investments, and Blackberry dropped off the list, to be replaced by AMD, Alibaba, and SoFi.
Online personal finance company, SoFi held its IPO through a SPAC on June 1, and became the 7th most sold stock in July by TipRanks investors. It was also the 13th most bought stock of the month.
So far two Wall Street analysts have rated SoFi, both with a Buy. Their average price target indicates close to 60% upside. The stock has an “Outperform” Smart Score of 8 out of 10.
1 Nio (NIO) previously 3rd place, replaced AMC
2 Apple (APPL) no change
3 Tesla (TSLA) previously 4th place, replaced Nio
4 Alibaba (BABA) previously 15th place, replaced Tesla
5 AMC Entertainment (AMC) previously 1st place, replaced Palantir Technologies
6 Palantir Technologies (PLTR) previously 5th place, replaced Clover Health Investments
7 SoFi Technologies (SOFI) previously 23rd place, replaced Amazon
8 Nvidia (NVDA) previously 10th place, replaced BlackBerry
9 Amazon (AMZN), previously 7th place, replaced Microsoft
10 Advanced Micro Devices (AMD) previously 20th place, replaced Nvidia
Disclaimer: The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.