Tesla Reclaims Top Spot as Most Searched Ticker on Benzinga Pro in July
Each trading day, Benzinga Pro, a leading source for traders to access real-time market news and data, provides a wealth of information on the overall market and individual tickers. This article highlights the top 10 most searched stocks on Benzinga Pro for July 2024, illustrating the hottest investment trends among active traders.
Key Takeaways:
- Tesla regained the coveted top spot, surging back to its January position following the release of their second-quarter financial results.
- Nvidia remains a dominant force, claiming the second position and maintaining its strong year-to-date performance.
- Serve Robotics, boosted by its ownership stake from Nvidia, emerged as a newcomer to the top 10.
- Meta Platforms, reporting strong quarterly financial results, witnessed a resurgence in search interest, re-entering the top 10 after a long absence.
- GameStop, though just outside the top 10, remains on investors’ radars, highlighted by its consistent presence among the most-searched tickers throughout 2024.
Dive into the Top 10 Most Searched Stocks:
1. Tesla Inc (TSLA)
- Current Price: $539.92
- 52-Week Range: $138.80 to $278.97
- Year-to-Date Return: -13.5%
Tesla’s resurgence to the top spot in July aligns with the recent release of its second-quarter financials. While the company missed on earnings per share, its revenue beat expectations, and the robust data, coupled with the anticipation surrounding its robotaxi project, likely contributed to the stock’s renewed popularity.
2. NVIDIA Corp (NVDA)
- Current Price: $107.80
- 52-Week Range: $39.23-$140.76
- YTD Return: +117.7%
Nvidia, a leading force in the artificial intelligence (AI) sector, continues its winning streak. With an impressive year-to-date return, Nvidia remains a top pick for many investors. This consistent popularity is likely fueled by the booming AI market and Nvidia’s dominance in the field.
3. SPDR S&P 500 ETF Trust (SPY)
- Current Price: $539.90
- 52-Week Range: $401.22-$565.22
- YTD Return: +13.6%
The SPY ETF serves as a benchmark for the U.S. stock market, representing the S&P 500’s performance. Its consistent presence among the most-searched tickers reflects its importance for investors seeking exposure to the broader market.
4. Advanced Micro Devices, Inc. (AMD)
- Current Price: $131.34
- 52-Week Range: $93.12 to $227.30
- YTD Return: -11.0%
AMD finds itself in the number 4 spot, likely driven by its role as a key player in the semiconductor industry, competing with Nvidia in areas like graphics processing units (GPUs). While its year-to-date return is relatively modest, its position within the top 10 underscores its relevance in the tech landscape.
5. Serve Robotics Inc (SERV)
- Current Price: $16.23
- 52-Week Range: $1.77 to $37.00
- YTD Return: N/A (IPO in March)
Serve Robotics’ emergence in the top 10 is a noteworthy trend. The company, focused on autonomous delivery robots, gained investor interest following its acquisition by Nvidia. This move strengthens Nvidia’s AI ecosystem and highlights the growing demand for AI-powered delivery solutions.
6. Zapp Electric Vehicles Group (ZAPP)
- Current Price: $10.02
- 52-Week Range: $0.70 to $39.80
- YTD Return: +89.5%
Zapp, a UK-based electric vehicle manufacturer, joins the top 10 for the first time in 2024. Its impressive year-to-date return reflects the growing popularity of electric vehicles and the potential investors see in this emerging player.
7. Apple Inc (AAPL)
- Current Price: $217.23
- 52-Week Range: $164.08 to $237.23
- YTD Return: +12.8%
Apple remains a consistent presence in most top 10 lists. Its solid performance in the tech market and its strong brand recognition continue to solidify its position as a favorite among investors.
8. Meta Platforms Inc (META)
- Current Price: $493.69
- 52-Week Range: $274.39 to $542.79
- YTD Return: +39.6%
Meta Platforms’ re-entry into the top 10 is a sign of renewed investor confidence. While it has faced challenges in recent years, the company’s investments in the metaverse and AI are beginning to bear fruit, attracting investor attention.
9. CrowdStrike Holdings (CRWD)
- Current Price: $221.90
- 52-Week Range: $140.52 to $398.33
- YTD Return: -13.1%
CrowdStrike, a cybersecurity company, finds itself in the top 10 due to a controversial update that caused a major Windows outage. While this event might not be the desired reason for recognition, it underscores the crucial role of cybersecurity in today’s digitally interconnected world.
10. Amazon.com Inc (AMZN)
- Current Price: $182.08
- 52-Week Range: $118.35 to $201.20
- YTD Return: +23.1%
Amazon continues to be a significant force in the e-commerce industry and remains a popular investment. The company’s focus on expanding its services, including cloud computing (AWS), helps sustain its appeal to investors.
Beyond the Top 10: Honorable Mentions and Trends
Several other stocks deserve a mention for their continued presence among the most-searched tickers on Benzinga Pro.
- Invesco QQQ Trust (QQQ): A popular ETF tracking Nasdaq 100, representing the tech-heavy sector.
- SOBR Safe (SOBR): Specializing in breathalyzer technology, highlighting the growing importance of safety and compliance.
- Inspire Veterinary Partners (IVP): A leader in veterinary care, reflecting the expanding market for pet services.
- MIRA Pharmaceuticals Inc (MIRA): A company with a focus on eye care, showcasing a growing interest in healthcare.
- Microsoft Corporation (MSFT): A tech giant, consistently present in any list of most-searched tickers.
- Palantir Technologies (PLTR): Known for its data analytics platform, reflecting a strong interest in AI and data-driven solutions.
- NuZee Inc (NUZE): Focuses on single-serve coffee, illustrating the growth of the coffee industry.
- Koss Corporation (KOSS): A audio equipment manufacturer, highlighting the importance of consumer electronics.
- Super Micro Computer (SMCI): Known for its servers and storage solutions, showing the demand for data center infrastructure.
- Longeveron (LGVN): A biotechnology company focusing on treatments for aging-related diseases, showcasing the increasing interest in longevity.
Trump Media & Technology Group (DJT): The company, linked to former President Donald Trump, continues to attract investor attention, especially with the 2024 presidential election approaching.
iShares Russell 2000 ETF (IWM): This ETF, representing small-cap stocks, may be gaining popularity as investors consider potential rotation from large-cap stocks.
What Does the Search Data Tell Us?
The most-searched tickers on Benzinga Pro provide valuable insights into current market trends and investor sentiment. They reveal which companies and sectors are generating the most buzz among active traders, highlighting areas of potential investment opportunity or risk.
- AI and Technology: The continued dominance of companies like Nvidia and Meta Platforms, coupled with the emergence of Serve Robotics, points to the enduring significance of AI and the growing popularity of AI-driven solutions.
- Electric Vehicles: The presence of Zapp Electric Vehicle Group and the continued interest in Tesla, highlights the booming electric vehicle market.
- The Changing Landscape: The rise of Serve Robotics, the sudden interest in CrowdStrike due to a security incident, and the resurgence of Meta Platforms illustrate the dynamic nature of the markets. New players emerge, established companies face challenges, and investor sentiment shifts rapidly.
- Small-cap Stocks: The increased attention surrounding iShares Russell 2000 ETF, might indicate a potential shift towards small-cap stocks.
Ultimately, the most-searched tickers on Benzinga Pro provide a glimpse into investors’ minds, highlighting the companies and sectors they deem to be the most compelling investment opportunities in the dynamic world of finance.
