Investments That Traders Like: Amazon, Crude Oil and More
What did you think about the better-than-expected U.S. jobs report, the increase in U.S. oil rig count or the preparation for Amazon (AMZN) - Get Report Prime Day? Users of Tradebird, a social app for traders and investors, weighed in on these and other topics last week. Following are seven investments that a majority of Tradebird users thought would increase in value. (To see the investments Tradebird users thought would decline in value, click here.)
1. Crude Oil:After the U.S. oil rig count had a reported increase for the fifth week in six, sentiment among Tradebird users rose to 53% bullish on this commodity.
2. Amazon: As Amazon prepared for Prime Day, an event that offers more than 100,000 deals to Prime members, investors said they were bullish about its stock. Sentiment stood at 92% bullish.
3. Netflix (NFLX) - Get Report :The Tradebird community was 77% bullish about Netflix. As the company's international expansion is now complete, investors expect improved profitability and subscriber growth when Netflix reports it's second-quarter results.
4. Google (GOOGL) - Get Report Google is rumored to be designing a smartwatch in order to compete with the Apple Watch, causing sentiment to be 75% bullish about this search giant.
Google is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells GOOGL?
5. Facebook (FB) - Get Report Facebook announced that it began testing encrypted chats in its Messenger app in order to prevent snooping among users. Investors responded positively to the announcement, and sentiment on Facebook stock was 100% bullish.
Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells FB? Learn more now.
6. GOLD: Although gold futures dropped following the release of the U.S. jobs report, Tradebird users were 68% bullish about this commodity, which is viewed as a safe haven in times of market volatility and economic downturns.
7. S&P 500 I:GSPC : Many U.S. stocks rose after investors welcomed a strong employment report on Friday. The S&P 500 index hit an 11-month high, and Tradebird users were 56% bullish on the bellwether U.S. stock index.
The above data were gathered from Tradebird, the social app for traders and investors, and were collected during the week ended July 8.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.