Investing
Buy-the-Dip Traders Pounced on These 10 Red-Hot Stocks After the Massive Monday Sell-Off
Published:
While the damage, at least for the time being, appears to be rather short-lived, Monday’s huge sell-off, when combined with the previous two weeks of selling, finally pushed the market down 5%. We have mentioned numerous times that it had been almost a full year since the stock market had a 5% sell-off, and the thinning of the herd proved to be just what the buy-the-dip trading hordes have been waiting for, because they jumped in with both feet this week.
[in-text-ad]
Data from BTIG Research appears to indicate that, while it was indeed retail investors taking the plunge in order to snap up cheaper shares, most of the stocks they were buying are blue-chip sector leaders, with only one meme stock showing up in the top 10 retail buys.
All 10 of the stocks are rated Buy at major firms across Wall Street, and, for the most part, they are great additions to growth stock portfolios for investors with a degree of risk tolerance. Here are the 10 stocks retail investors bought the most of this week:
- Apple Inc. (NASDAQ: AAPL): $362.71 million
- Advanced Micro Devices Inc. (NASDAQ: AMD): $154.53 million
- AMC Entertainment Holdings Inc. (NYSE: AMC): $90.57 million
- Microsoft Corp. (NASDAQ: MSFT): $89.70 million
- Alibaba Group Holding Ltd. (NYSE: BABA): $83.42 million
- Verizon Communications Inc. (NYSE: VZ): $79.66 million
- Wynn Resorts Ltd. (NASDAQ: WYNN): $73.70 million
- Las Vegas Sands Corp. (NYSE: LVS): $55.35 million
- Nvidia Corp. (NASDAQ: NVDA): $54.40 million
- Intel Corp. (NASDAQ: INTC): $53.90 million
While many Wall Street “professionals” sneer at the retail investor, the reality is that for much of this year, they have provided a strong presence in terms of total volume, and in many cases propped up a listless market. It is obvious from this list that, with the exception of one stock, these are all large-cap blue-chip leaders in their various sectors, and those who could hold their nose in the face of some big-time selling this week probably gobbled up some terrific values.
24/7 Wall St.The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.