What Traders Think About 10 Major Investments: Tesla, British Pound, Euro and More

Traders feel bearish about some companies, and bullish about others. Want to know how they’re feeling this week? Tradebird users weighed in on the following stocks, commodities and currency pairs.
By Ivan Ashminov ,

Want to know what real traders think about important investments and markets? Well, the Tradebird social trading app monitors users' discussion of market activity and asks them whether they're bullish or bearish on a wide range of important investments and market indices.

S&P 500 I:GSPC : This bellwether U.S. index climbed closed higher last Friday, capping several sessions of recovery following the post-Brexit selloff. The index finished the second quarter up 1.9%, and Tradebird users were 55% bullish on it.

DAX: This is Germany's blue-chip stock market index and consists of the 30 largest companies on the Frankfurt Stock Exchange. As the global rally continues following the Brexit referendum, stock markets across Europe were higher by the end of the week. Sentiment for the DAX was at 54% bearish last Friday. 

FTSE 100: The FTSE 100 Index pushed ahead after Bank of England Governor Mark Carney hinted at lowering interest rates in the near future. This blue-chip index for the London Stock Exchange now retains a 52% bearish sentiment. 

Nikkei:Japanese stocks have regained about half of the losses they incurred following the Brexit vote. The Nikkei rose 4.9% by the end of last week, the largest weekly gain since April. Tradebird users were neutral on the index.

GBP/USD: Despite the release of a positive U.K manufacturing PMI report, the value of the pound was almost unchanged by the end of last week. Traders were 69% bearish on the British currency vs. the greenback. 

EUR/USD: The value of the euro to the dollar hit a weekly high, yet still maintains a 55% bearish sentiment from the trading community. 

Tesla (TSLA) - Get Report : With thousands of driverless cars already sold, and many new features to be released in the future, investors feel positive about Tesla's stock. The current sentiment among Tradebird users is 67% bullish.

Bitcoin: The digital currency has seen increased volatility over the past month. Although it climbed 24 hours before the Brexit decision, traders now feel neutral about it.

First Solar (FSLR) - Get Report : As the trading community continues to discuss solar power, investors carry a neutral sentiment on First Solar. The company expects to be under $1 per watt by 2017 on a fully installed basis, making it more competitive with more dominant forms of energy.

The above data were gathered from the social app for traders and investors Tradebird and were collected during the week ended July 1st.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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