Following the surprising outcome of the E.U. referendum, volatile market conditions caused a slump in many stocks, commodities and currency pairs. Users of the Tradebird social trading app have actively discussed market activity and indicated whether they're bullish or bearish on a range of important investments. Here are five they expect to gain in value. (To see five investments they don't like, click here.)
Similar to many banks, Citigroup (C) - Get Report was trading sharply lower by the end of last week. The stock was trading 27% below its 52-week-high and 29% above its 52-week-low. Tradebird users were 53% bullish on this bank stock.
Citigroup 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 C? Learn more now.
2. JPMorgan Chase
Following the outcome of the E.U. referendum, JPMorgan Chase (JPM) - Get Report CEO Jamie Dimon announced the bank will remain a large presence in the U.K. Tradebird users are 55% bullish on the stock.
In response to increasing deal activity in the transportation technology sector, Verizon (VZ) - Get Report agreed to purchase telematics provider Telogis. The trading community responded positively to this announcement, and bullish sentiment stands at 95%.
After the Brexit vote sparked uncertainty in the global economy, gold futures soared in premarket activity. Tradebird users were 65% bullish on the yellow metal.
The above data were gathered from Tradebird, the social app for traders and investors, during the week ended Friday, June 24.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.