Put down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you.
From hedge funds to individual investors, scores of market participants are turning to social media and market data to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market.
Crowdsourcing has long been a popular tool for the advertising industry, but it also makes a lot of sense as an investment tool. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd.
While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis.
So, today, we'll leverage the power of the crowd to take a look at some of the most active stocks on the market...
Advanced Micro Devices Inc.
- Nearest Resistance: $15.50
- Nearest Support: $13.75
- Catalyst: Analyst Upgrade
Leading off our list of the market's most actively-traded stocks today is $13 billion chipmaker Advanced Micro Devices Inc. (AMD) . AMD is seeing a 7.3% pop on huge volume this afternoon, boosted by an upgrade from Jefferies. The firm raised its buy target to $16 from $13, reiterating AMD as a buy. The news is sending investors flocking back to this momentum stock, which has led the NASDAQ as one of the strongest trends of the last year. Shares are up 392% in that 12-month stretch.